MIRA
INFORM REPORT
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Report Date : |
20.06.2007 |
IDENTIFICATION DETAILS
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Name : |
TESTRONIC LDA |
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Registered Office : |
Avenida Ho Chi Mi No. 765, |
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Country : |
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Date of Incorporation : |
November 2006 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Engage in import, wholesale and retail of alarms and other security
systems. |
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 : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COmpany NAME
TESTRONIC LDA
ADDRESS
Street : Avenida Ho Chi Mi No.765
Town :
Country :
Telephone :
(258 82) 063 1320 / 475 3420 (mobile)
SENIOR COMPANY
PERSONNEL
Name Position
1. Emerson Cabral Managing
Director
2. Alexandre Zunguze Technical
& Operational Director
Total Employees
14
PAYMENTS
No trade experience of
payments is available.
Subject is a newly established
company (November 2006) and plans to commence operations in the second half of
2007.
Opinion on maximum credit
: As the company has not yet started trading and has no financial or payment
track record, we recommend dealing on cash or prepaid basis.
Trade risk assessment :
High
It is normal accepted
practice for international suppliers to deal on secured terms with
PRINCIPAL BANKERS
NAME :
BANCO MELLENNIUM BIM (fmly BANCO INTERNACIONAL DE MOCAMBIQUE)
Branch :
Lenine
Street :
Avenida Vlad. Lenine No.1080
Town :
Telephone : (258 21) 305 129
Fax :
(258 21) 308 892
Account No : 130325397
FINANCIAL INFORMATION
As the Company has not
yet commenced operating, relevant financial information is not available.
LEGAL STATUS AND
HISTORY
Date Started : November
2006
History : The company was
incorporated in
Capital : not given
Companhia Limitada
(limited liability company) with the following shareholders :
Undisclosed shareholders.
ACTIVITIES
The Company is involved
in the following activities :
Subject will engage in
import, wholesale and retail of alarms and other security systems.
Subject will import from
FACILITIES
The Company has the following
facilities :
Office premises,
wholesale outlet and storage facilities located at the heading address.
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%)