MIRA
INFORM REPORT
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Report Date : |
12.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
DPI SIMBA LTD |
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Registered Office : |
P. O. Box 46259 Dar Es Salaam |
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Country : |
Tanzania |
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Date of Incorporation : |
31/12/1999 |
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Com. Reg. No.: |
97468 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Manufacturers of
plastic pipes |
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 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
DPI SIMBA LTD
Principal Address
P. O. Box 46259 Dar Es Salaam, Tanzania
Telephone: + 255-22-2864012/2864555/2863651/2
Fax: +255-22-2861999
Email: dsl@sumariagroup.com
Internet: www.simbaplastics.com
Established
31/12/1999
Registration
No. 97468 Dar
Es Salaam, Tanzania
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
240
Office & Factories
Head offices Plot No 68-70, Migeyo Road, Chang’ombe, Dar es salaam, Tanzania
Branches None
Company Profile
Paid in Capital TZS. 1,000,000,000
Subscribed Capital TZS. 1,000,000,000
Shareholders
Name Position Amount
Ratio
Mr. Rahul Avasthi CEO
Mr. Sandeep Tiwari MD
Sumaria group Shareholder 50.00%
DPI Holdings Pty
Ltd Shareholder 50.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 150,000 is recommendable
Affiliated Companies
Company (1) AQUALIA DPI
LIMITED , Mauritius
Company (2) DPI PLASTICS
(PROPRIETARY) LIMITED
Company (3) NAMIBIA PLASTIC
CONVERTERS (PROPRIETARY) LIMITED
Company (4) PIPEX PLASTICS
BOTSWANA (PROPRIETARY) LIMITED
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. Rahul Avasthi |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mr. Sandeep Tiwari |
Ž 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
plastic pipes
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 40% in cash, 60% on credit
Suppliers
Companies within the Dawn Group
Customers
Industries and Firms
Recent Sales
TZS. 4,600,000,000
(2006)
Exports
Neighboring
Countries: Rwanda, Burundi
Export Ratio < 30.0%
Import Ratio 40.0%
Domestic Market Share 50.0%
Banking relationship
Main Banks CRDB Bank
Stanbic 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 150,000 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%)