MIRA
INFORM REPORT
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Report Date : |
13.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
DSP COMERCIO GERAL LDA |
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Registered Office : |
Avenida Alberto Lithuli 981, Maputo |
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Country : |
Mozambique |
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Date of Incorporation : |
10 January 2000 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as importers and distributors of paints and related
materials for the industrial/commercial sectors and the retail market, including
floor paints, floor varnish, sealers, wood and metal primers, radiator paints
and special decorative finishes. |
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 : |
NEW METICAL 350,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
DSP COMERCIO GERAL LDA
ADDRESS
Street : Avenida Alberto Lithuli 981
Town : Maputo
Country : Mozambique
Telephone :
(258 21) 400 902 / (258 82) 301 7680 / 301 0040
Fax : (258 21) 400 903
Shortform Name
DSP
SENIOR COMPANY
PERSONNEL
Name Position
1. Domingos Silva Managing
Director
2. Joao Picolo Joint
Managing Director
3. Rafik Abdull Sales
Manager
Total Employees
15
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
Mozambique importers.
Opinion on maximum credit
: NEW METICAL 350,000
Trade risk assessment : Normal
Opinion on the credit
figure of US DLRS 1,800,000:
We consider the above
figure to be beyond the Company's financial capabilities and recommend dealing on
fully secured terms.
TRADE REFERENCES
NAME :
PLASCON
Street :
Barlow Pk, Katherine St, Sandown, Sandton, 2196
Town :
Johannesburg 2000
Country :
South Africa
Telephone : (27 11) 301-4600
Fax :
(27 11) 448-1011
PRINCIPAL BANKERS
NAME :
BCI FOMENTO (FORMERLY BANCO DO FOMENTO
E EXTERIOR SA)
Street :
Avenida Vladimir Lenine 280/272
PO Box :
4233
Town :
Maputo
Telephone : (258 21) 400902 / 400903 / 423 915
Acc. No. : 2683310001
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : METICAL
4,500,000,000 - 2000 - exact
: METICAL
4,500,000,000 - 2001 - approx
: METICAL
13,293,985,803 - 2002 - exact
: METICAL 10,500,000,000 - 2003 - exact
: METICAL 10,500,000,000 - 2004 - exact
: METICAL 18,000,000,000 - 2005 - exact
: NEW METICAL 22,500,000 - 2006 - exact
Net Profit :
not given, but stated to be profitable.
Financial year ends 31
December.
* On 1 July 2006 the
Government of Mozambique redenominated its currency the METICAL. One NEW
METICAL now equals 1,000 old Meticals, From July to December 2006 both new and
old Metical will circulate simultaneously.
LEGAL STATUS AND
HISTORY
Date Started : 10 January 2000
Capital : not given
Companhia Limitada
(Limited Liability Company) with the following shareholders :
Percentage
1. Domingos Silva 50%
2. Joao Picolo 50%
Affiliated companies of
DSP Comercio Geral Lda :
Associates
DS Transportes Lda
Avenida Alberto Lithuli
981
Maputo
Telephone :
(258 21) 400 902
Fax :
(258 21) 400 903
ACTIVITIES
The Company is involved
in the following activities :
Trading as importers and
distributors of paints and related materials for the industrial/commercial
sectors and the retail market, including floor paints, floor varnish, sealers,
wood and metal primers, radiator paints and special decorative finishes.
Imports from South
Africa.
Agents for :
Plascon Paints (Pty) Ltd
Barlow Pk, Katherine St,
Sandown, Sandton, 2196 Johannesburg 2000 South Africa Telephone : (27 11) 301-4600
Fax : (27 11) 448-1011
Email : webmail@plascon.co.za
FACILITIES
The Company has the
following facilities :
Administrative offices
and showroom with integrated 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%)