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MIRA
INFORM REPORT
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Report Date : |
28.06.2007 |
IDENTIFICATION DETAILS
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Name : |
PEGASUS ENERGY ( |
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Registered Office : |
Building No 2, Central Park, Corner of |
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Country : |
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Date of Incorporation : |
July 2001 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Oil marketing company. |
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 : |
KWACHA 30,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
PEGASUS ENERGY (
PEGASUS ENERGY ZAMBIA LTD
(Requested)
ADDRESS
Building :
Building No 2,
Street : Corner of
P.O. Box :
50005
Town :
Country :
Telephone :
(260 1) 220 012
Fax : (260 1) 220 013
E-Mail : paulm@pegasus.com.zm
SENIOR COMPANY
PERSONNEL
Name Position
Paul Mypurgh Managing
Director
Total Employees
5
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
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
Zambian importers.
Opinion on maximum credit
: KWACHA 30,000,000
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
STANDARD CHARTERED BANK ZAMBIA LIMITED
Branch :
Main Branch
PO Box :
31934
Town :
Telephone : (1) 229242
Fax :
(1) 222092
Account No : 8700220027300
FINANCIAL INFORMATION
Private companies in
Sales Turnover : KWACHA 1,500,000,000 - 2006 - exact
Net Profit :
not given
LEGAL STATUS AND
HISTORY
Date Started : July 2001
Paid up Capital : not
given
Private Limited Liability
Company with the following sole shareholder :
Pegasus Energy Management
Services (Pty) Ltd Suite 405, 4th Floor, West Tower Nelson Mandela Square
Sandton City 2196 PO Box 78734 Sandton City 2196 South Africa
Tel: (27 11) 666 0160
Fax: (27 11) 884 5569
Affiliated companies of
Pegasus Energy (
Subsidiaries
Vuma Zambia Limited
Associates
1. Pegasus Energy Limited
Ocra (
7th Floor, Happy World House
Telephone: (230) 211 2100
Fax
: (230) 211 5100
2.Pegasus Orient Limited
3. Middle East South
Africa Pyt Ltd
4. Vuma South Africa Pyt Ltd
5. Pegasus Energy (
6. Vuma Energy (Moz)
Limitada
Moazambique
7. Pegasus Energy (U)
Limited
8. Pegasus Energy (
Keya
9. Pegasus Energy Centarl
Asia
Kasakhstan
ACTIVITIES
The Company is involved
in the following activities :
Oil marketing company.
Imports worldwide.
FACILITIES
The Company has the
following facilities :
Office premises and a
depot in Livingstone.
Subjectd operates in
several African countries including
BRANCH OFFICES
Livingstone
Telephone: (260 3) 321
967
Fax : (260 3) 321 968
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%)