MIRA
INFORM REPORT
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Report Date : |
26.07.2007 |
IDENTIFICATION DETAILS
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Name : |
PESTRAI - PESCARIA E TRANSPORTES INHASSORO |
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Registered Office : |
Avenida Samora Machel 2158, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1972 |
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Com. Reg. No.: |
1278/86 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Subject specializes in shrimp and also fishes for squid. |
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 1,500,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
PESTRAI - PESCARIA E
TRANSPORTES INHASSORO
ADDRESS
Street : Avenida Samora Machel 2158
P.O. Box :
694
Town :
Country :
Telephone :
(258 23) 324 841 / 324 841/3/4
Fax : (258 23) 324842
E-Mail : pestrai@teledata.mz
Trading Styles
Pestrai
Also Known As
Fishing Industry Export
& Import
SENIOR COMPANY
PERSONNEL
Name Position
Ganha Ah Komo General
Manager & Owner
Total Employees
100
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
Subject is a well established
proprietorship business in operation since 1972.
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
Opinion on maximum credit
: NEW METICAL 1,500,000
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
BANCO COMERCIAL DE INVESTIMENTO (BCI)
Branch :
Main Branch
Town :
Telephone : (258 21) 307263
FINANCIAL INFORMATION
Private companies in
Sales Turnover : US DLRS 2,500,000 - 2003 - exact
: US DLRS 2,500,000 - 2004 - exact
: US DLRS 3,000,000 - 2005 - exact
: US DLRS 3,100,000 - 2006 - exact
: US DLRS 3,100,000 - 2007 - projected
Net Profit :
US DLRS 1,200,000 - 2005 - exact
: US DLRS 1,250,000 - 2006 - exact
Financial year ends 31
December.
LEGAL STATUS AND
HISTORY
Date Started : 1972
C.R. No. : 1278/86
Capital : US DLRS 10,000
(initially US DLRS 5,000)
Firma Individual (sole proprietorship)
owned by Ganha Ah Komo.
ACTIVITIES
The Subject is involved
in the following activities :
Fishing company. Subject
specializes in shrimp and also fishes for squid.
Average catch weight :
300 tones of shrimp per annum.
Imports equipment from
Exports seafood to
FACILITIES
The Subject has the
following facilities :
Administrative offices
and storage facilities located at the heading address.
Subject owns a fleet of 4
fishing trawlers measuring 30 metres each.
Subject was previously
located at Rua Jaime Ferreira 122,
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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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%)