MIRA
INFORM REPORT
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Report Date : |
30.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
MOZAL SARL (PTY) LTD |
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Registered Office : |
Beluluane Industrial Park, District of Boane
Maputo 1235 |
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Country : |
Mozambique |
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Date of Incorporation : |
05/06/1998 |
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Com. Reg. No.: |
18747 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Mining and
processing of Aluminum |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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Maximum Credit Limit : |
USD 200,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY REPORTED
MOZAL SARL (PTY) LTD
Principal Address
Beluluane Industrial Park, District of Boane Maputo 1235 Mozambique
Telephone: + 258-21-735161/ 735000/
Fax: + 258-21-735724
Email: None
Internet: None
Established
05/06/1998
Registration
No. 18747 Maputo
1235 Mozambique
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
1,200
Office & Factories
Head offices CP 1235 Juntos fazemos a diferença, Maputo, Mozambique
Branches South Africa
Company Profile
Paid in Capital MZM. 500,000,000
Subscribed Capital MZM. 500,000,000
Shareholders
Name Position Amount Ratio
Mr. Don argus Director
Mr. Paul Anderson Director
Bhp billiton Holding Co. 47.10%
Mitsubishi Shareholder 25.00%
Industrial
Development Corp. South Africa Shareholder 24.00%
Government of
Mozambique Shareholder 3.90%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 200,000 is recommendable
Affiliated Companies
Several
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. Don argus |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mr. Paul Anderson |
Þ Top decision maker is the person who has the ultimate authority or power to make important managerial decisions. He/She may or may not be officially registered as a president or an executive director.
Business Activities
Mining and
processing of Aluminum
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None
Customers
Local agencies, stores and
outlets
Recent Sales
USD. 453,600,000 (2006)
Exports
None
Export Ratio 80.0%
Import Ratio 20.0%
Domestic Market Share 90.0%
Banking relationship
Main Banks African Banking
Corporation
Credit Check of Subject,
President & CEO
(as of report date)
Payment Morale : In the documents at our
disposal nothing adverse has been shown so far.
CREDIT RATING : Financial situation is
average.
COMMENTS
Maximum credit we recommend is USD 200,000 outstanding at any one time.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to
assess SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial condition (40%) Ownership background (20%) Payment
record (10%)
Credit history (10%) Market trend (10%) Operational
size (10%)