MIRA
INFORM REPORT
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Report Date : |
15.06.2007 |
IDENTIFICATION DETAILS
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Name : |
PREDISTAR |
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Registered Office : |
Estrada de Cacuaco No.275, |
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Country : |
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Date of Incorporation : |
2003 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Developers and building contractors. |
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 : |
KWANZA 1,500,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
PREDISTAR
ADDRESS
Street : Estrada de Cacuaco No.275
Town :
Country :
Telephone :
(244 222) 331 402
Fax : (244 222) 331 402
E-Mail : munirjiva@gmail.com
Trading Styles
Predistar
SENIOR COMPANY
PERSONNEL
Name Position
1. Naguib Jamal Managing
Director
2. Nilam Jamal Director
Total Employees
45 (subject)
290 (group)
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
Subject is a family owned
company operating since 2003 and a member of the Jamal Group of companies.
We
consider it is acceptable to deal with subject for SMALL amounts, however in
view of lack of financial information we recommend international suppliers
exercise a degree of caution where larger or protracted dealings are envisaged.
Opinion on maximum credit
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Trade risk assessment :
It is normal accepted
practice for international suppliers to deal on secured terms with Angolan
importers.
PRINCIPAL BANKERS
NAME :
BANCO TOTTA ANGOLA SARL - BTA (formerly Banco Totta & Acores)
Branch :
Central
Street :
Avenida 4 de Fevereiro 99
Town :
Telephone : (244 222) 332 729
Fax :
(244 222) 334 257
FINANCIAL INFORMATION
Balance sheets are not
available and the subject interviewed declined to give any financial
information, which the company regards as strictly confidential.
LEGAL STATUS AND
HISTORY
Date Started : 2003
Capital : not given
Companhia Limitada
(limited liability company) with the following shareholders :
1. Naguib Jamal
2. Nilam Jamal (Mrs)
(wife of the above)
Affiliated companies of Predistar
Angola Comercio Geral Inportacao, Exportacao Lda :
Associates
1. Predistar Lubango
Comercio Geral Inportacao, Exportacao Lda
Bairro Antonio Agostinho Neto
Lubango
Tel : (244 261) 225 071 / 225 072
Managing Director : Shaid Jamal
(general trading company)
2. Socogrel Lda
Rua Missao No.91
Ingombotas
Tel : (244 222) 398 791
(trades in furniture and stationary)
3. Sanzondo Lda
(importers off foodstuff)
4. Sterimed Lda
(importers of hospital and medical
equipment)
5. Micamundo Lda
(providers of consultancy services and IT
courses)
6. Axal Lda
(importers of pharmaceuticals, including
anti-retrovirals)
ACTIVITIES
The Company is involved in
the following activities :
Developers and building
contractors.
Imports from Middle East
and
FACILITIES
The Company has the
following facilities :
Office premises and
storage facilities located at the heading address as well as warehouse in Zona
Palanca,
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%)