MIRA
INFORM REPORT
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Report Date : |
25.07.2007 |
IDENTIFICATION DETAILS
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Name : |
ALIABDU ALI IMPORT AND EXPORT |
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Registered Office : |
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Country : |
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Date of Incorporation : |
2000 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Trading as importers and exporters of agricultural products
such as fertilizers, seeds, pesticides and related chemicals. |
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 : |
BIRR 4,500,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
ALIABDU ALI IMPORT AND EXPORT
ADDRESS
Street :
P.O. Box : 122646
Town :
Country :
Telephone : (251 11) 467
0202 / (251 9) 1123 6518 (mobile)
Fax : (251 11) 467 0203
SENIOR COMPANY
PERSONNEL
Name
Position
Ali Usta General
Manager
Total Employees
80
PAYMENTS
No complaints have been heard regarding payments from local suppliers or
banks.
We consider it is acceptable to deal with subject for LARGE amounts,
although it is normal accepted practice for international suppliers to deal on
secured terms with Ethiopian importers.
Opinion on maximum credit : BIRR 4,500,000
Trade risk assessment:
PRINCIPAL BANKERS
NAME : WEGAGEN BANK
Branch : Gofa
PO Box : 1018
Town :
Telephone : (251 11) 157
8496
Fax : (251 11) 157 8499
Subject has also an account with the following bank:
Commercial Bank Of
Unity Square
PO Box : 255
Telephone : (251 1) 515 000
/ 515 028 / 515 004
Fax : (251 1) 514 522 / 517 866 / 517 822
FINANCIAL INFORMATION
Private companies in
Sales Turnover :
Net Profit : not given
LEGAL STATUS AND
HISTORY
Date Started : 2000
Capital : not
applicable
Proprietorship owned by Ali Usta.
ACTIVITIES
The Company is involved in the following activities :
Trading as importers and exporters of agricultural products such as fertilizers,
seeds, pesticides and related chemicals.
Imports from UAE and
Exports to
FACILITIES
The Company has the following facilities :
Premises comprising offices and storage facilities located at the heading
address as well as two branches located in Gouden and Omara.
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%)