MIRA
INFORM REPORT
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Report Date : |
12.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
PEE PEE (T) LTD |
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Registered Office : |
P. O. Box 34 Town |
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Country : |
Tanzania |
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Date of Incorporation : |
26/01/94 |
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Com. Reg. No.: |
24636 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Manufacturers of
Polypropylene bags 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 80,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
PEE PEE (T) LTD
Principal Address
P. O. Box 34 Town
Telephone: +256-27-2646853/4
Fax: +255-27-2646882
Email: peepeetz@kaributanga.com
Internet: None
Established
26/01/94
Registration
No. 24636 Tanzania
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
700
Office & Factories
Head offices Kange Industrial Area,Kange, Tanga, Tanzania
Branches None
Company Profile
Paid in Capital TShs. 1,500,000,000
Subscribed Capital TShs. 827,787,000
Shareholders
Name Position Amount Ratio
Mr. Jonathan Lane
Aubrey Managing Director
Mr. Ashwin
B.Mavani Director
Mr. Kishor P.
Devani Director
Pee Pee Holdings
Ltd, England Holding Company 827,785 100.00%
Tahir Ali Paliwala Shareholder 2
0.00%
Total 827,787 100.00%
Credit Opinion
Our proposed credit amount of USD 80,000 is recommendable
Affiliated Companies
None
Management/ Directors
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President/
CEO (1) |
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Name |
Mr.
Jonathan Lane Aubrey |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mr. Ashwin B.Mavani |
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
Manufacturers of
Polypropylene bags etc
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None
Customers
Local distribution stores
and industries
Recent Sales
TZS. 5,000,000,000
(2006)
Exports
None
Export Ratio 10.0%
Import Ratio 70.0%
Domestic Market Share 20.0%
Banking relationship
Main Banks Standard Chartered
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 80,000
outstanding at any one time.
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Balance Sheet Items |
TZS’ Millions |
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Fixed Assets |
2,800 |
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Debtors |
1,500 |
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Stocks |
1,200 |
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Creditors |
1,600 |
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%)