MIRA
INFORM REPORT
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Report Date : |
18.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
ECL
SERVICOS LDA |
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Registered Office : |
Parque Industrial de Beluluane, 8A Matola |
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Country : |
Mozambique |
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Date of Incorporation : |
1985 |
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Com. Reg. No.: |
64239 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Manufacturing
and Smeltering of aluminum 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 250,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
ECL SERVICOS LDA
Principal Address
Parque Industrial de Beluluane, 8A Matola, Mozambique
Telephone: +258-217-31386/ 7/ 8
Fax: +258-217-31389
Email: info@ecl-servicos.co.mz
Internet: www.ecl.fr
Established
1985
Registration
No. 64239 Mozambique
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
300
Office & Factories
Head offices Parque Industrial de Beluluane 8A Matola Distrito de Boane, 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. Tony Wieczorek Director
Alcan inc Holding
Co. 85.71
%
ECL Sces Africa
Engineering Shareholder 14.29%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 250,000 is recommendable
Affiliated Companies
Company (1) ECL Services Africa Engineering
Company (2) ECL SERVICES PTY
LTD
Company (3) ECL SHANGHAI CO.
LTD
Company (4) ECL NL. BV.
Company (5) ECL SERVICES
MIDDLE EAST DMCC
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. Tony Wieczorek |
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Remarks |
Top Decision Maker |
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
Manufacturing and
Smeltering Of aluminum etc
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
The Mikate Suppliers Ltd.
Customers
Nakumatt, Uchumi, Local agencies
,Department stores, it also owns its own chain of stores and outlets
Recent Sales
USD. 300,000,000
(2006)
Exports
Europe, China
Africa
Export Ratio 80.0%
Import Ratio 10.0%
Domestic Market Share 20.0%
Banking relationship
Main Banks ABC Bank
Standard 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 250,000 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%)