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MIRA
INFORM REPORT
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Report Date : |
9th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SECURITY
GROUP (T) LTD |
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Registered Office : |
Plot 53 Msasani Road, P.O. Box:
9390, Dar es Salaam, Tanzania |
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Country : |
Tanzania |
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Date of Incorporation : |
1996 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Importers
and wholesalers of alarm systems, fire alarm installers, electronic security
systems, CCTV and access control devices. |
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 : |
TAN
Shs 60,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
SECURITY GROUP (T) LTD
ADDRESS
Street : Plot 53 Msasani Road
P.O. Box :
9390
Town : Dar es Salaam
Country : Tanzania
Telephone :
(255 22) 260 0471 / 748 700 299 (mobile)
Fax : (255 22) 260 2855
E-Mail : info@securitygrp.com
SENIOR COMPANY PERSONNEL
Name Position
Sean Jones Managing Director
Total Employees : 57 (subject, plus temporarly workers)
8,000 (group)
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
Subject was established
in 1996 and is a member of the Security Group, headquarters in Kenya, which
comprises three companies in Tanzania, Uganda and Kenya engage in wholesale of
security products.
Subject declined to
provide financial information.
We consider it is
acceptable to deal with subject for SMALL amounts, however in view of the lack
of financial information international suppliers may prefer to exercise some
caution.
Opinion on maximum credit
: TAN Shs 60,000,000 (higher amounts may be considered with group assurances)
Trade risk assessment :
Normal
It is normal accepted
practice for international suppliers to deal on secured terms with Tanzanian
importers.
PRINCIPAL BANKERS
NAME :
NATIONAL BANK OF COMMERCE (T) LTD
Branch :
NBC House
Street :
Sokoine Drive & Azikiwe Street
PO Box :
1863
Town :
Dar Es Salaam
Telephone : (255 22) 211 1970 / 212 6066
Fax :
(255 22) 211 2887 / 211 3749
Email :
contact@nbctz.com
FINANCIAL INFORMATION
Balance sheets are not
available and the subject interviewed declined to give any financial
information, which the company regards as strictly confidential.
LEGAL STATUS AND HISTORY
Date Started : 1996
Capital : not given
Limited Liability Company
with the following sole shareholder :
Security Group (K)
Ltd 100%
Off Mombasa Road
PO Box 18670
Nairobi
Kenya
Tel : (254 2) 531 276-82
Fax : (254 2) 533 045
The Security Group is a
multinational security organisation with fixed base operations in the East
Africa region and servicing security contracts throughout Africa from its
Headquarters in Nairobi, Kenya.
With 33 years of
operating experience and employing over 8,000 personnel in the region, The
Security Group offers substantial resources and comprehensive capability to
handle its clients security requirements.
The Security Group offers
security services, ranging from static guards and dog patrols to sophisticated
electronic security, access control and surveillance equipment.
Affiliated companies of
Security Group (T) Ltd :
Associates
Security Group (U) Ltd
Plot 2 Katonga Road
P.O.Box 20097
Kampala
Uganda
Tel : (256) 782 4440-3
Fax : (256) 782 4444
ACTIVITIES
The Company is involved
in the following activities :
Importers and wholesalers
of alarm systems, fire alarm installers, electronic security systems, CCTV and
access control devices.
Subject also offers
security personnel services with dog patrols and trained security staff.
Imports from Kenya, South
Africa and the Far East.
FACILITIES
The Company has the
following facilities :
Rented premises
comprising administrative offices, wholesale outlet and storage facilities
located at the heading address and two branch offices located in Arusha and
Tanga (see "Branch Offices" below).
BRANCH OFFICES
1. Arusha
P.O Box 15103
Tel :
(255) 742 781 522
Fax :
(255) 742 508 172
2. Tanga
P.O Box 5045
Tel :
(255) 741 336 015
Fax :
(255) 741 336 015
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/normal. |
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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