MIRA
INFORM REPORT
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Report Date : |
05.07.2007 |
IDENTIFICATION DETAILS
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Name : |
XAYEVALAS COMERCIAL LDA |
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Registered Office : |
Rua Do Kikombo No. 114B, Sambizanga, |
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Country : |
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Date of Incorporation : |
1985 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers, distributors, wholesalers and retails of
foodstuff. |
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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COmpany NAME
XAYEVALAS COMERCIAL LDA
ADDRESS
Street : Rua Do Kikombo No.114B
Area : Sambizanga
Town :
Country :
Telephone :
(244 222) 430 773 / (244) 912 500 658 / 923 790 100 / 912 308 480
(mobiles)
Fax : (244 222) 449 352
E-Mail : xayevalas@netangola.com
SENIOR COMPANY
PERSONNEL
Name Position
Adati Zul Managing Director
Total Employees
5 (administrative)
PAYMENTS
Current trade experience
of payments has not been traced.
Subject declined to
provide financial information or to reveal any details relative to the extent
of the company's operations.
Opinion on maximum credit
: In view of the above we have insufficient basis on which to speak for
unsecured credit and recommend dealing on cash or prepaid basis only.
Trade risk assessment :
No classification (see above comments)
It is normal accepted
practice for international suppliers to deal on secured terms with Angolan
importers.
PRINCIPAL BANKERS
Subject declined to name
its bankers.
FINANCIAL INFORMATION
Private companies in
LEGAL STATUS AND
HISTORY
Date Started : 1985
Capital : not given
Companhia Limitada
(limited liability company) with the following sole shareholder :
Zul Adatia 100 %
ACTIVITIES
The Company is involved
in the following activities :
Importers, distributors,
wholesalers and retails of foodstuff.
Manufacturers of foodstuff.
Imports mainly from
Distributors for: Philips
Lighting.
FACILITIES
The Company has the
following facilities :
Offices and storage
facilities located at the heading address.
Subject previously
operated from Rua Stuart Carvalhais,
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%)