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MIRA
INFORM REPORT
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Report Date : |
28.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
SOCIEDADE INDUSTRIAL COMERCIAL IMPORTACAO EXPORTACAO LDA (SICIE) |
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Registered Office : |
Rua Engenio De Castro No. 59, Luanda |
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Country : |
Angola |
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Date of Incorporation : |
2004 |
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Com. Reg. No.: |
0084.098/007 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
General trading company. |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
COmpany NAME
SOCIEDADE INDUSTRIAL
COMERCIAL IMPORTACAO EXPORTACAO LDA (SICIE) (Correct)
SOC. IND. COMERCIAL IMP.
EXP. LDAT SICIE (Requested)
ADDRESS
Street : Rua Engenio De Castro No.59
Town : Luanda
Country : Angola
Telephone :
(244 222) 263 224
Fax : (244 222) 263 323
Shortform Name
SICIE
PAYMENTS
Current trade experience
of payments has not been traced.
Subject declined to
provide financial information or to reveal any details relative to the extent
of the company's operations.
Opinion on maximum credit
: We have insufficient basis on which to speak for unsecured credit and
recommend dealing on cash or prepaid basis only.
Trade risk assessment :
High
Opinion on the credit
figure of EURO 300,000:
See above comments.
It is normal accepted
practice for international suppliers to deal on secured terms with Angolan
importers.
PRINCIPAL BANKERS
NAME :
BANCO DE FOMENTO DE ANGOLA (FORMERLY BANCO DE FOMENTO EXTERIOR)
Branch :
Main Branch
Street :
Rua Amilcar Cabral 56
Town :
Luanda
Telephone : (244 222) 638 930 / 638 931
Fax :
(244 222) 638 932
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 : 2004 (not confirmed)
C.R. No. : 0084.098/007
Capital : not given
Companhia Limitada
(limited liability company) with the following shareholders :
Undisclosed shareholders.
ACTIVITIES
The Company is involved
in the following activities :
General trading company.
FACILITIES
The Company has the
following facilities :
Office premises and
storage facilities located at the heading address.
SPECIAL NOTE
You enquired on : SOC.
IND. COMERCIAL IMP. EXP. LDAT SICIE.
Please note the correct
name is as per heading.
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%)