MIRA
INFORM REPORT
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Report Date : |
06.06.2007 |
IDENTIFICATION DETAILS
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Name : |
SOFT GROUP LDA |
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Registered Office : |
Rua Rainha Njinga No.14 r/c, Ingombota, |
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Country : |
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Date of Incorporation : |
2000 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Marketers of air conditioning equipment. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
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COMPANY NAME
SOFT GROUP LDA (Correct)
SOFTGROUP (Requested)
ADDRESS
Street : Rua Rainha Njinga No.14 r/c
Area : Ingombota
Town :
Country :
Telephone :
(244 222) 338 652 / 338 640 / (244 923) 312 590 (mobile)
Fax : (244 222) 396 699
SENIOR COMPANY
PERSONNEL
Name Position
Luay Al-Asad General
Manager
Total Employees
2 (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
: We have insufficient basis on which to speak for unsecured credit and
recommend dealing on cash or prepaid basis only.
Trade risk assessment :
High
Opinion on the credit
figure of SA RANDS 7,000,000 / 90 days :
See above comments.
PRINCIPAL BANKERS
Subject declined to name
its bankers.
FINANCIAL INFORMATION
Private companies in
LEGAL STATUS AND
HISTORY
Date Started : 2000 (not
confirmed)
Capital : not given
Companhia Limitada
(limited liability company) with the following sole shareholder :
Luay Al-Asad 100&
Affiliated companies of
Soft Group Lda :
Associates
Mcain Lda
Rua Samuel Bernardo
Magaelhaes No.24A, r/c Ingombota Luanda
Tel : (244 222) 394 358
Fax : (244 222) 395 537
ACTIVITIES
The Company is involved
in the following activities :
Marketers of air
conditioning equipment.
Representatives of
Import from
FACILITIES
The Company has the
following facilities :
Office premises and
storage facilities located at the heading address.
Subject was previously
located at Rua Samuel Bernardo Magaelhaes No.24A, r/c.
SPECIAL NOTE
You enquired on :
SOFTGROUP
Please note the correct
name is as per heading.
The address provided by
you, Rve Raintha Nginga, Imgombota is incorrect. Please note the correct name
is as per heading.
The contact person's name
provided by you, Mr. Tvay Alsad is incorrect and should be Luay Al-Asad.
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%)