MIRA INFORM REPORT

 

 

Report Date :

3rd March, 2007

                                                         

IDENTIFICATION DETAILS

 

Name :

TRANS MAIL SERVICES SPRL

 

 

Registered Office :

Immeuble Mayumbe, Blvd du 30 Juin, No 60, Gombe, Kinshasa, Congo, Democratic Republic of (fmly Zaire).

 

 

Country :

Congo, Democratic Republic of (fmly Zaire)

 

 

Date of Incorporation :

2005

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Courrier air transport services providers.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

Congo Fr 10,000,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

COMPANY NAME

 

TRANS MAIL SERVICES SPRL

 

 

ADDRESS

 

Building             :  Immeuble Mayumbe

Street                           :  Blvd du 30 Juin, No 60

Area                             :  Gombe

Town                 :  Kinshasa

Country             :  Congo, Democratic Republic of (fmly Zaire)

Telephone         :  (243) 818 116 066 (mobile) / 816 587 624 (mobile) / 815 030 404 (mobile)

 

Shortform Name :  TMS

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                     Position

 

1. Maximilien Lemaire                Managing Director

 

2. Jonathan Lemaire                   Director

 

3. Mr Aziz                                 Commercial Director

 

 

Total Employees : 21 (administrative)

 

 

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, however in view of the lack of financial information international suppliers may prefer to exercise some caution.

 

Opinion on maximum credit : Congo Fr 10,000,000

 

Trade risk assessment : Normal

 

Opinion on the credit figure of SA RAND 35,000:

 

We consider the above figure to be within the company's financial capabilities.

 

It is normal accepted practice for international suppliers to deal on secured terms with Democratic Republic of Congo importers

 

 

TRADE REFERENCES

 

NAME               : EXECUTIVE JET SUPPORT

Country             : UK

Telephone         : (44 12) 4946 4757

 

NAME               : EVNA INDUSTRIAL SUPPLIERS RAND AIRPORT

Country             : South Africa

Telephone         : (27 11) 824 2555

 

 

PRINCIPAL BANKERS

 

NAME               : RAW BANK

Branch              : BLVD 30 Juin No 3487

Town                 : Kinshasa

Telephone         : (243) 897 1010 / 98 234 500 / 88 010 01

Account No.      : 010026210205

 

 

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 : 2005

 

Capital : Congo Fr 5,000,000

 

 

Societe a Responsibilite Limitee (limited liability company) with the following shareholders :

 

                                                       Percentage

 

1. Maximilien Lemaire                            90 %

 

2. Jonathan Lemaire                               10 %

 

 

Affiliated companies of Trans Mail Services Sprl :

 

Associates

 

Trans Air Cargo Service

Blvd du 30 Juin, No 60

Gombe

Kinshasa

Congo, Democratic Republic of (fmly Zaire)

Telephone: (243) 815 040 566 (mobile) / 811 937 373 (mobile) / 815

088 626 (mobile)

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Courrier air transport services providers.  

 

Imports worldwide.

 

 

FACILITIES

 

The Company has the following facilities :

 

Office premises located at the heading address and several branches throughout the country.

 

Subject operate six cargo planes.

 

Subject previously operated from 47 Avenue Kabasele Tshamala, Gombe, Kinsasha.

 

 

BRANCH OFFICES

 

1. Immeuble Gecotrans

   Avenue Kasai No 93

   Lubumbashi

   Tel     : (243) 814 011 319

 

2. Blvd Lumumba No 27

   Kisangani

   Tel     : (243) 994 012 868 / 819 614 897

 

3. Av. Karisimbi No 19  

   Goma

   Tel     : (243) 813 133 364 / 998 298 887

 

4. Immeuble Papa Alida Sis No 152/1

   Avenue Inga,

   Quartier Masanka

   Commune de Diulu

   Mbuji - Mayi

   Tel     : (243) 815 010 343

 

5. Avenue des Martyrs No 328/8

   Commune d’Ibanda

   Bukavu

   Tel: (243) 994 138 389

 

6. 4 Avenue Kinshasa

   Quartier ville BASSE

   Matadi

 

7. Rue Kizeki No 2, A Cote de l’Agence Bel Globe Airlines

   Commune de Mvulamba

   Butembo

   Tel     : (243) 810 561 342

 

8. Av. Shabunda No 30

   Kananga

   Tel     : (243) 994 545 044 / 816 041 897

 

9. Boulevard National No 99 En face de Malu Aviation

   Kikwit

   Kiki Loso

   Tel     : (243) 998 529 522

 

10.Av. Zongo No 10

   Mbandaka

   Tel     : (243) 811 464 417

 

11.Tshikapa

   Tel     : (243) 997 430 100

 

12.Ilebo

   Tel     : (243) 999 941 518

 

13.Blvd Mobutu No 109

   Beni

   Tel     : (243) 997 718 345

 

14.Johansboourg

   South Africa

   Tel     : (27 83) 447 2542

 

15.Bunia

   Tel     : (243) 810 195 377

 

16.Kalemie

   Tel     : (243) 814 626 644

 

17.Rue de l’Athenee No 10

   1050 Ixelees

   Bruxelles

   Tel     : (32) 498 037 484)

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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