MIRA
INFORM REPORT
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Report Date : |
22.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
TECHNO
IMAGE LTD |
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Registered Office : |
P. O. Box 13221 Dar es salaam |
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Country : |
Tanzania |
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Date of Incorporation : |
15/03/1996 |
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Com. Regn. No.: |
3828 |
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Line of Business : |
Limited
Liability Company, Limited by shares |
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 180,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
TECHNO IMAGE LTD
Principal Address
P. O. Box 13221 Dar es salaam
Telephone: +255-22-2668073
Fax: +255-22-2668046
Email: sales@technoimage.co.tz
Internet: www.technoimage.co.tz
Established
15/03/1996
Registration
No. 3828 Dar es salaam
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
60
Office & Factories
Head offices Plot 205, Hananasif Dar Es Salaam
Branches None
Company Profile
Paid in Capital TZS. 10,000,000
Subscribed Capital TZS. 10,000,000
Shareholders
Name Position Amount Ratio
Mr. Aliraza Fazie
Hussein Khimji Director 54,150 54.15%
Mr. Mohamed Fazie
Hussein Khimji Director 39,150 39.15%
Mr. Farhat Fazie
Hussein Khimji Director 6,700 6.70%
Total 100,000 100.00%
Credit Opinion
Our proposed credit amount of USD 180,000 is recommendable
Affiliated Companies
None
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. Aliraza Fazie Hussein Khimji |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mr.
Mohamed Fazie Hussein Khimji |
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
Commercial
printers, graphic designing, colour separation, commercial printing, printing
of calendars and diaries, manufacturing stationery products and packaging
material
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
Various
Customers
Local companies and
industries
Recent Sales
TZS. 2,700,000,000
(2006)
Exports
None
Export Ratio 0.0%
Import Ratio 40.0%
Domestic Market Share 20.0%
Banking relationship
Main Banks 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
According to its Its modernization programme led to a move from Gerezani to larger premises in the Chang’ombe Industrial Area in late 1998. Since then subject has grown tremendously, increased personnel and facilities, updated equipment, and expanded its reputation within the graphic arts.
Maximum credit we
recommend is USD 180,000 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%)