MIRA
INFORM REPORT
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Report Date : |
12.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
OSSMAN DAWOOD |
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Registered Office : |
Rua Cidade de Mozambique No 19, R/C, Nampula |
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Country : |
Mozambique |
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Date of Incorporation : |
1999 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Trading as importers, wholesalers and retailers of general merchandise, including foodstuff, textiles and clothing. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Fair |
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
COMPANY NAME
OSSMAN DAWOOD
ADDRESS
Street : Rua Cidade de Mozambique No 19, R/C
Town : Nampula
Country : Mozambique
Telephone : (258 26) 212 998 / (258 82) 454 1740 (mobile)
Fax : (258 26) 212 998
SENIOR COMPANY
PERSONNEL
Name Position
1. Ossman Dawood General Manager / Owner
2. Abu Mohamed Manager
Total Employees
7
PAYMENTS
No complaints have been heard regarding payments from local suppliers or banks.
Subject is a small business operating since 1999.
We consider it is acceptable to deal with subject for SMALL amounts, although it is normal accepted practice for international suppliers to deal on secured terms with Mozambique importers.
Opinion on maximum credit : NEW METICAL 100,000
Trade risk assessment : Above average
PRINCIPAL BANKERS
NAME : BANCO MILLENNIUM BIM (fmly BANCO INTERNACIONAL DE MOCAMBIQUE)
Branch : Avenida Francisco Mayanga 6
Town : Nampula
Telephone : (258 26) 216 252
Fax : (258 26) 216 256
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 : 1999
Capital : not applicable
Firma Individual (sole proprietorship) owned by Ossman Dawood.
ACTIVITIES
The Company is involved in the following activities :
Trading as importers, wholesalers and retailers of general merchandise, including foodstuff, textiles and clothing.
Imports from India.
FACILITIES
The Company has the following facilities :
Small owned premises comprising administrative office, retail outlet and storage facilities located at the heading address.
GENERAL INFORMATION
* On 1 July 2006 the Government of Mozambique redenominated its currency the METICAL. One NEW METICAL now equals 1,000 old Meticals.
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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