MIRA
INFORM REPORT
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Report Date : |
11.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
EMIL
COMPUTERS AND TECHNOLOGY SYSTEMS LDA |
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Registered Office : |
P O Box 684, Maputo, Avenida 25 De Setembro Maputo, |
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Country : |
Mozambique |
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Date of Incorporation : |
1997 |
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Com. Reg. No.: |
No. 67450 Mozambique |
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Legal Form : |
Limited Liability company, Limited by shares |
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Line of Business : |
Distributors
of Information Technology solutions, Computers and accessories etc |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 50,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME
EMIL
COMPUTERS AND TECHNOLOGY SYSTEMS LDA
Address
P .o Box 684, Maputo
Telephone: +258-21-420351/ 307217
Fax: +258-21-428772
Email: info@emilmoz.com
Internet: www.emilmoz.com
Established
1997
Registration
No. 67450
Mozambique
Legal Form
Limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
200
Office &
Factories
Head offices Avenida 25 De Setembro 1131 RC, Maputo,
Mozambique
Branches None
Company Profile
Paid in Capital MZM. 1,000,000,000
Subscribed Capital MZM. 1,000,000,000
Shareholders
Name Position Amount
Ratio
Mr. Suresh
Chandrakant Director 40.00%
Mr. Nilesh
Chandrakant Director 40.00%
Mr. John Musgrave Director 20.00%
Total 100.00%
Credit Opinion:
Our proposed credit amount of USD 50,000 is recommendable
Affiliated Companies
Company (1) Emil Net Lda
Management/ Directors
President/ CEO (1)
Name Mr. Suresh
Chandrakant
Remarks Top Decision Maker
President/ CEO (2)
Name Mr. Nilesh Chandrakant
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
Distributors of Information
Technology solutions, Computers and accessories etc
Terms of payment
Buying terms 30%
in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None
Customers
Local companies
Recent Sales
MZM.
20,000,000,000 (2006)
Exports
None
Export Ratio
0.0%
Import Ratio
80.0%
Domestic Market Share
20.0%
Banking relationship
Main Banks ABC Bank
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 50,000 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%)