MIRA
INFORM REPORT
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Report Date : |
24th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
J.M.
TRADING LDA |
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Registered Office : |
Rua
Antonio Enes 66, Bloco 1, P.O. Box:
897, Beira, Mozambique |
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Country : |
Mozambique |
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Date of Incorporation : |
2000 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Trading
as importers and distributors of building materials. |
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 : |
NEW
METICAL 400,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
J.M.
TRADING LDA
ADDRESS
Street : Rua Antonio Enes 66, Bloco 1
P.O. Box
: 897
Town : Beira
Country : Mozambique
Telephone :
(258 23) 328 292
Fax : (258 23) 328 293
E-Mail : jmtrading@teledata.mz
SENIOR COMPANY PERSONNEL
Name Position
1. Jorge
Manuel Pinho Monteiro Managing Director
2.
Zoraida Americano General Manager
Total
Employees : 22
PAYMENTS
No
complaints have been heard regarding payments from local suppliers or banks.
We
consider it is acceptable to deal with subject for SMALL amounts, however in
view of the lack of financial information, we recommend as a matter of caution
international suppliers to exercise a degree of caution.
Opinion
on maximum credit : NEW METICAL
400,000
Trade
risk assessment : Normal
Opinion
on the credit figure of SA RAND 1,000,000 - 30 days :
The
above figure is higher than normally seen in one amount, however could prove
admissible in a series of transactions provided the total indebtedness is
strictly monitored.
It is
normal accepted practice for international suppliers to deal on secured terms
with Mozambique importers.
PRINCIPAL BANKERS
NAME :
BANCO MELLENNIUM BIM (fmly BANCO INTERNACIONAL DE MOCAMBIQUE)
Branch :
Avenida Samora Machel
Town :
Beira
Telephone:
(258 23) 329 577
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 : 2000
NUIT
(Tax No.) : 400023883
Capital : not given
Companhia
Limitada (Limited Liability Company) with the following shareholders :
1. Jorge
Manuel Pinho Monteiro
2. Other
undisclosed shareholders
ACTIVITIES
The
Company is involved in the following activities :
Trading
as importers and distributors of building materials.
Imports
from South Africa.
FACILITIES
The
Company has the following facilities :
Administrative
offices and storage facilities located at the heading address as well as two
branch offices (See "Branch Office" for details).
BRANCH OFFICES
1.
Avenida 25 de Setembro
Ximoio
Provincia de Manica
2.
Avenida Acordos de Luzaka
Maputo
Tel : (258 21) 414 117
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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