MIRA
INFORM REPORT
|
Report Date : |
21.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
RWANDA PLASTICS INDUSTIRES |
|
|
|
|
Registered Office : |
Gikondo Industrial Park, Kigali, Rwanda |
|
|
|
|
Country : |
Tanzania |
|
|
|
|
Date of Incorporation : |
6.04.1995 |
|
|
|
|
Com. Reg. No.: |
201523 |
|
|
|
|
Legal Form : |
Limited Liability, Limited by Shares |
|
|
|
|
Line of Business : |
Manufacturers of Plastics products, Basins etc. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
USD 50,000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
COMPANY REPORTED
RWANDA PLASTICS
INDUSTRIES
Principal Address
Gikondo Industrial Park, Kigali, Rwanda
Telephone : +250-510137/ 8
Fax : +250-510137/ 8
Email : None
Internet : None
Established
6/4/1995
Registration
No.201523 Rwanda
Legal Form
Limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
120
Office &
Factories
Head offices Gikondo Industrial Park, Kigali, Rwanda
Branches None
Company Profile
Paid in Capital RWF. 1,000,000
Subscribed Capital RWF. 1,000,000
Shareholders
Name Position Amount
Ratio
Mr S N Kapur Director
Mr. K Kudart Director
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 50,000 is recommendable
Affiliated Companies
None Stated
Management/ Directors
|
President/
CEO (1) |
|
|
Name |
Mr S N Kapur |
|
Remarks |
Top Decision Maker |
|
President/
CEO (2) |
|
|
Name |
Mr. K Kudart |
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
Plastic products, basins etc
Terms of payment
Buying terms 20% in cash, 80% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None
Customers
Local agencies , stores and
outlets
Recent Sales
RWF. 700,000,000
(2006)
Exports
None
Export Ratio 0.0%
Import Ratio 20.0%
Domestic Market Share 40.0%
Banking relationship
Main Banks BCDI 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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)