MIRA
INFORM REPORT
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Report Date : |
29.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
ROYAL DANISH EMBASSY |
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Registered Office : |
Avenida Julius Nyerere No.1162, P. O. Box 4588, Maputo |
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Country : |
Mozambique |
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Date of Incorporation : |
1983 |
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Legal Form : |
Embassy |
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Line of Business : |
Diplomatic activities. |
RATING &
COMMENTS
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MIRAs Rating : |
Aaa |
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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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Maximum Credit Limit : |
NEW METICAL* 5,000,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
ROYAL DANISH EMBASSY
ADDRESS
Street : Avenida Julius Nyerere No.1162
P.O. Box :
4588
Town : Maputo
Country : Mozambique
Telephone :
(258 21) 480 000 / (258 82) 300 1800
Fax :
(258 21) 480 010 / 495 371
SENIOR COMPANY
PERSONNEL
Name Position
1. Mads
Sandau-Jensen Ambassador
2. Niels Richter Counsellor
3. Lars Christian
Oxe Counsellor
4. Astrid Permin Counsellor
5. Jan Riemer Counsellor
6. Poul-Erik
Damgaard Counsellor
7. Peter Engbo
Rasmussen Counsellor
8. Anne Marie
Christensen Attache
9. Mona Jensen Attache
10.Sonia Cumbi Programme
Coordinator
11.Paulino dŽUamba Programme
Officer
12.Farida Saifodine Programme
Officer
13. Celia Wing Programme Officer
14.Lola Lopez Programme Officer
Total Employees
20
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
Subject is not a company
but is the Embassy of The Kingdom of Denmark in Mozambique.
We consider it is
acceptable to deal with subject for MEDIUM amounts.
Opinion on maximum credit
: NEW METICAL* 5,000,000
Trade risk assessment :
Low
Opinion on the credit
figure of IND Rs 80,000:
We consider the above
figure to be within the subject's financial capabilities.
* On 1 July 2006 the
Government of Mozambique redenominated its currency the METICAL. One NEW
METICAL now equals 1,000 old Meticals.
PRINCIPAL BANKERS
NAME :
STANDARD BANK (FORMERLY BANCO STANDARD TOTTA DE MOCAMBIQUE)
Branch :
Central
Street :
Praca 25 Julho 1
PO Box :
1119
Town :
Maputo
Telephone : (258 21) 423 047 / 424 597
FINANCIAL INFORMATION
Due to the nature of the
subject it is not required to submit balance sheets.
LEGAL STATUS AND
HISTORY
Date Started : 1983
NUIT (Tax No.) : 8000000122
Capital : not applicable
The Kingdom of Denmark
Embassy in Mozambique with the following officials :
1. Mads
Sandau-Jensen
(also ambassador to Malawi)
2. Niels Richter
3. Lars Christian
Oxe
4. Astrid Permin
5. Jan Riemer
6. Poul-Erik
Damgaard
7. Peter Engbo
Rasmussen
8. Anne Marie
Christensen
9. Mona Jensen
10.Sonia Cumbi
11.Paulino dŽUamba
12.Farida Saifodine
13. Celia Wing
14.Lola Lopez
ACTIVITIES
The Company is involved
in the following activities :
- Diplomatic activities.
- Development Assistance,
a short overview of the various programme elements is listed bellow:
Education Sector:
Budget for 2005 : US DLRS
13 million
Provinces : Zambezia, Tete and Cabo Delgado
Components Budget for 5
years (in US DLRS millions) Planning and Management : US DLRS 5,7
Basic Education :
US DLRS 19,5
Post-Basic Education : US
DLRS 33,7
Teacher Education : US DLRS
9,2
School
Infrastructure : US DLRS 29,5
HIV/AIDS Awareness : US
DLRS 3,1
Total Programme budget
including management
and unallocated
funds : US DLRS 83
Health Sector:
Budget for 2005 : US DLRS 6 million
Provinces : Tete
Components Budget for 5
years (in US DLRS millions)
Provincial Strategic
Health Plan : US DLRS 2,9
National Health Sector
Strategic Plan : US DLRS 0,9
HIV/AIDS in Health
Sector : US DLRS 4,7
Provincial Health Directorate :
US DLRS 12,5
Total Programme budget
including
management and
unallocated funds : US DLRS 31,1
Energy Sector:
Budget for 2005 : US DLRS
15 million
Provinces :
Maputo, Inhambane, Sofala, Nampula and Cabo Delgado
Components Budget for 5
years (in US DLRS millions)
National Energy Master
Plan : US DLRS 6
Energy Fund for Rural
Areas (FUNAE) : US DLRS 10 Expansion
of National Electrical
Grid and Reorganisation
of EdM : US DLRS 45
Gender and HIV/AIDS Strategy :
US DLRS 0,5
Total Programme budget
including
management and
unallocated funds : US DLRS 73
Agriculture Sector:
Budget for 2005 :
US DLRS 6 million
Provinces :
Manica, Tete and Cabo Delgado
Components Budget for 5
years (in US DLRS millions)
Support to PROAGRI :
US DLRS 21,5
Rural Roads : US DLRS 9,3
Private Sector Support
(ADIPSA) : US DLRS 6,7 Total Programme
budget including management and unallocated funds : US DLRS 47
Environment Sector:
Budget for 2005 :
US DLRS 4 million
Provinces :
Cabo Delgado, Nampula, Zambezia, Sofala, Manica, Gaza, Inhambane and Maputo
Components Budget for 5
years (in US DLRS millions)
Coastal Zone Management
II : US DLRS 4,3
Urban Environment in 5
Municipalities : US DLRS 7,2
Greater Maputo Area : US DLRS 6,2
Lake Niassa Project : US DLRS
1,8
Industrial Pollution
Prevention : US DLRS 2,0
Total Programme budget
including
management and
unallocated funds : US DLRS 21,5
Public Sector Reform:
Budget for 2005 : US DLRS 4 million
Components Budget for 5
years (in US DLRS millions) Coordination of the Public Sector Reform : US
DLRS 7,4
Public Financial
Management Reform : US DLRS 4,1
Tax Reform : US DLRS 6,4
Poverty Analysis and
Dialogue : US DLRS
1,5
Support to INE : US DLRS 4,6
Total Programme budget
including
management and
unallocated funds : US DLRS 24
Justice Sector:
Budget for 2005: US DLRS
2 million
Components Budget for 5
years (US DLRS millions)
Strategic Planning and
Law Reform : US DLRS 4,3
Urban Environment in 5
Municipalities : US DLRS 1,7
Strengthening the
judiciary : US DLRS 4,6
Civil Society
Promotion : US DLRS 1,3
Total Programme budget
including
management and
unallocated funds : US DLRS 10,7
* In addition, a business-to-business
programme is providing access to support for private enterprises in Mozambique
with an annual budget of US DLRS 0,7 million.
- Consular Services such
as issuing of Danish passports and further assistance to all Danish citizens
and foreigners who have permanent residence in Denmark.
Office Hours:
Monday - Thursday: 8am -
4pm
Friday: 8am - 1pm
Costs of Services
provided by the Embassy:
Services Price
in METICAL
Passport:
Issue of passport
- (ordinary, age 18-65) 4,200
- Under the age of 18 800
- Over the age of 65 2,300
- Provisional passport, emergency passport 1,000
Driving license:
EU driving license (duplicate license) 1,800
EU driving license (exchange of non-EU license) 1,800
Temporary driving license (replacement) 1,100
Driving license, age over 70 200
International driving license 200
Visa:
- Visa A: Airport transit 2,100
- Visa B: Transit 2,100
- Visa C: Short stay not exceeding 90 days 2,100
- Visa C: 90 days (1-5 years validity), multiple entries 2,100
- Visa D: National long stay visa 2,100
- NVLT : visa with limited territory 2,100
- Residence and work permit 3,400
- Complaint about visas, work permits, etc 500
Other:
Personal assistance in consular cases, hourly fee*) 3,400
Authentications, legalization of document, ID-card, etc.) 700
Preparation of letters, hourly rate 3,400
Translation services, hourly rate 3,400
Translation minor, standard doc.
(birth and marriage cert. drivers license etc.**)
Information, non-commercial, hourly rate 700
Non-commercial visit arrangements, hourly rate 3,400
Commercial matters, per hour 3,400
Telecommunications (cost not included) 2,100
*hourly fee. Minimum
charge 1 hour
**per signature/documents
FACILITIES
The Company has the
following facilities :
Leased Embassy offices
located in the city center 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 SCs 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%)