MIRA
INFORM REPORT
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Report Date : |
28.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
UPPER ZONAL TRADING LIMITED |
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Registered Office : |
Sacom Building, Themi Industrial Area, Plot No. 4, Opposite Sunkist Bakery, P. O. Box 8112 Tech, Arusha |
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Country : |
Tanzania |
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Date of Incorporation : |
30.06.1995 |
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Com. Reg. No.: |
27934 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers, distributors and wholesalers of alchoholic beverages such as wines, spirits and champagnes as well as foodstuff and dairy products. |
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 : |
TAN Shs 80,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
UPPER ZONAL TRADING
LIMITED (Correct)
UPPER ZONAL TRADING LTD
(Requested)
ADDRESS
Building :
Sacom Building
Street : Themi Industrial Area, Plot No. 4
Area : Opposite Sunkist Bakery
P.O. Box :
8112 Tech, Arusha
Town : Arusha
Region : Arusha
Country : Tanzania
Telephone :
(255 27) 254 8413 / 254 8411 / 250 4313 / (255) 748 282 012 / 748 237
478 (mobile)
Fax : (255 27) 250 4313
E-Mail : md@uzt.co.tz / utz@utz.co.tz / dbulengo@usa.com
Shortform Name
UZT
SENIOR COMPANY
PERSONNEL
Name Position
David E. Bulengo Managing Director
Total Employees
18
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
Tanzanian importers.
Opinion on maximum credit
: TAN Shs 80,000,000
Trade risk assessment : Normal
Opinion on the credit
figure of SA RAND 460,000 / 60 days :
We consider the above
figure to be within the company's financial capabilities.
TRADE REFERENCES
NAME :
BACKSBERG ESTATE WINERY
Street :
Simondium Road
Town :
Klapmuts 7600
P.O. Box :
537, Paarl 7624
State :
Western Cape
Country :
South Africa
Telephone : (27 21) 875 5141
Fax :
(27 21) 875 5144
E-mail :
sales@backsberg.co.za
NAME :
PARMALAT SA (PTY) LTD
Street : Parmalat Park, Strand Road
Town :
Stellenbosch 7600
P.O. Box :
809, Stellenbosch 7594
State :
Western Cape
Country :
South Africa
Telephone : (27 21) 809 1400
Fax :
(27 21) 809 1498
E-mail :
craigv@parmalat.co.za
NAME :
ROBERTSON WINERY
Street :
1 Constitution Road
P.O. Box :
37, Robertson 6705
Town :
Robertson
Country :
South Africa
Telephone : (27 23) 626 3059
Fax :
(27 23) 626 2926
E-mail :
gaenor@vinimark.co.za
NAME :
BOEKENHOUTSKLOOF
P.O. Box :
433
Town :
Franschhoek 7690
Country :
South Africa
Telephone : (27 21) 876 3320
Fax :
(27 21) 876 3793
E-mail :
boeken@mweb.com
NAME :
CASA VINICOLA ZONIN
Street :
Via Borgolecco, 9
Town :
36053 Gambellara (VI)
Country :
Italy
Telephone : (39 0444) 640 111
Fax :
(39 0444) 640 201
E-mail :
info@zonin.it
NAME :
GABRIEL MEFFRE
Street :
Le Village
Town :
84190 Gigondas
Country :
France
Telephone : (33 4) 9012 3253
Fax :
(33 4) 9012 3259
E-mail :
gabriel-meffre@meffre.com
PRINCIPAL BANKERS
NAME :
BARCLAYS BANK TANZANIA LIMITED
Branch :
Arusha Branch
Street :
Sopa Plaza Building
Town :
Arusha
Telephone : (255 27) 250 9318/20
Fax :
(255 27) 250 9232
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover :
TAN Shs 3,000,000,000 - 2006 - exact
: TAN Shs 3,000,000,000 - 2007 - projected
Net Profit :
not given
LEGAL STATUS AND
HISTORY
Date Started : 30 June 1995
History : The company was
incorporated in Tanzania on 30 June 1995.
C.R. No. : 27934
Authorised Capital : TAN Shs 220,000,000
Paid up Capital : TAN Shs 158,840,000
Limited Liability Company
with the following shareholders :
1. David E. Bulengo
2. Other members of the
Bulengo family
ACTIVITIES
The Company is involved
in the following activities :
Importers, distributors and
wholesalers of alchoholic beverages such as wines, spirits and champagnes as
well as foodstuff and dairy products.
Overseas suppliers
include :
- Backsberg Estate
Cellars, South Africa;
- Parmalat SA (Pty) Ltd,
South Africa;
- Robertson Winery SA,
South Africa;
- Boekenhoutskloof
Winery, South Africa;
- Distell, South Africa;
- Zonin, Italy;
- Gabrielle Meffre,
France.
Imports from South
Africa, Italy and France.
FACILITIES
The Company has the
following facilities :
Rented administrative offices,
wholesale outlet and storage facilities located at the heading address.
Subject also rents a
branch office in Dar es Salaam (See 'Branch Offices' below).
BRANCH OFFICES
Plot 25, Mikocheni Light
Industrial Area P.O. Box 23256 Dar es Salaam
Tel: (255 22) 277 3070
Fax: (255 22) 277 3072
Mob: (255) 784 403 482
E-mail: dar@utz.co.tz
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%)
PRIVATE & CONFIDENTIAL : This information
is provided to you at your request, you having employed MIPL for such purpose.
You will use the information as aid only in determining the propriety of giving
credit and generally as an aid to your business and for no other purpose. You
will hold the information in strict confidence, and shall not reveal it or make
it known to the subject persons, firms or corporations or to any other. MIPL
does not warrant the correctness of the information as you hold it free of any
liability whatsoever. You will be liable to and indemnify MIPL for any loss,
damage or expense, occasioned by your breach or non observance of any one, or
more of these conditions