MIRA
INFORM REPORT
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Report Date : |
28.06.2007 |
IDENTIFICATION DETAILS
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Name : |
LUANSHYA INDUSTRIAL SUPPLIES LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1993 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importers, wholesalers and distributors of mining components. |
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 : |
KWACHA 100,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
LUANSHYA INDUSTRIAL
SUPPLIES LTD
ADDRESS
Street :
Area : Industrial Area, Plot 16,
P.O. Box :
91023
Town : Luanshya
Country :
Telephone :
(260 2) 510 387 / (260) 9678 1955 (mobile)
Fax : (260 2) 510 454
E-Mail : boltonuhania@yahoo.com
SENIOR COMPANY
PERSONNEL
Name Position
Total Employees
8
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, although it is normal
accepted practice for international suppliers to deal on secured terms with
Zambian importers.
Opinion on maximum credit
: KWACHA 100,000,000
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
STANDARD CHARTERED BANK ZAMBIA LIMITED
Branch :
Main Branch
PO Box :
31934
Town :
Telephone : (260 1) 229 242
Fax :
(260 1) 222 092
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : US DLRS 1,000,000 - 2001 - exact
: US DLRS 1,000,000 - 2002 - exact
: US DLRS 1,000,000 - 2003 - exact
: US DLRS 1,000,000 - 2004 - exact
: US DLRS 1,000,000 - 2005 - approx
: US DLRS 1,100,000 - 2006 - exact
Net Profit :
not given but stated to be profitable
Total Capital Investment
: US DLRS 100,000 - exact
LEGAL STATUS AND
HISTORY
Date Started : 1993
Capital : not given
Private Limited Liability
Company with the following shareholders :
1. Polton Thaver
2. VG Thaver
(wife pf the above)
ACTIVITIES
The Company is involved
in the following activities :
Importers, wholesalers
and distributors of mining components.
Imports from mainly from
the
The subject company is an
agent for RS USA,
FACILITIES
The Company has the
following facilities :
Administrative offices
and warehousing facilities located at the heading address.
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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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%)