MIRA
INFORM REPORT
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Report Date : |
25.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
MUKWANO INDUSTRIES LTD |
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Registered Office : |
P. O. Box 2671 Dar Es Salaam |
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Country : |
Tanzania |
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Date of Incorporation : |
14/4/2002 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Manufacturer of
bar soaps e.g Chapa nyota, chapa simba, chapa Mukwano. |
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 120,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
MUKWANO INDUSTRIES LTD
Principal Address
P. O. Box 2671 Dar Es Salaam, Tanzania
Telephone: +255-22-236321,250898,341028,250599
Fax: +255-22-341028
Email: None
Internet: None
Established
14/4/2002
Registration
Dar Es Salaam, Tanzania
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
100
Office & Factories
Head offices 30 Mukwano Road Dar Es Salaam, Tanzania
Branches 30, Mukwano Road, Kampala, Uganda
Company Profile
Paid in Capital TZS. 10,000,000
Subscribed Capital TZS. 10,000,000
Shareholders
Name Position Amount
Ratio
Mr. Amirali
Karmali CEO 25.00%
Mr. Alykhan
Karmali Director 50.00%
Mrs. Semin Karmali Director 25.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 120,000 is recommendable
Affiliated Companies
Company (1) A.K. OILS AND FATS
LIMITED
Company (2) A.K. PLASTICS (U) LIMITED
Company (3) A.K.
TRANSPORTERS LIMITED
Company (4) MUKWANO
SWEETS & CONFECTIONARIES
Company (5) MUKWANO PERSONAL
CARE PRODUCTS LIMITED
Company (6) MUKWANO
FOREX BUREAU LTD
Company (7) MUKWANO
ENTERPRISES LTD
Company (8) RWENZORI
COMMODITIES LTD
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. Amirali Karmali |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mr. Alykhan Karmali |
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
Manufacturer of
bar soaps e.g Chapa nyota, chapa simba, chapa Mukwano.
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None Stated
Customers
Local agencies, Department
stores, it also owns its own chain of stores and outlets
Recent Sales
TZS. 3,500,000,000
(2006)
Exports
None
Export Ratio 0.0%
Import Ratio 20.0%
Domestic Market Share 30.0%
Banking relationship
Main Banks Stanbic Bank
CRDB 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 120,000 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%)