MIRA
INFORM REPORT
|
Report Date : |
08.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
DIPLAST LTD |
|
|
|
|
Registered Office : |
Kamel Mats, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
June 2005 |
|
|
|
|
Com. Reg. No.: |
52594 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturers of plastic mats. |
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 : |
TAN Shs 20,000,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
COmpany NAME
DIPLAST LTD (Correct)
OPLAST LTD (Requested)
ADDRESS
Street : Kamel Mats, Nyerere Express Way
Town : Dar Es Salam
Country :
Telephone :
(255 22) 286 1767 / (255 78) 459 9533 (mobile)
Fax : (255 22) 286 1768
SENIOR COMPANY
PERSONNEL
Name Position
1. Ali Attoui General Manager
2. Dina Khalaf (Mrs) Manager
Total Employees
20 (permanent) plus 30
casual
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
Subject is a family owned
business operating since 2005.
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 20,000,000
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
FEDERAL BANK OF THE MIDDLE EAST TANZANIA LTD (FBME BANK LTD)
Branch :
Street :
PO Box :
8298
Town :
Telephone : (255 22) 212 6000
Fax :
(255 22) 212 6006
FINANCIAL INFORMATION
Balance sheets are not available.
However, the subject interviewed offered the following information :
Sales Turnover : TAN
Shs 834,925,000 - 2006 - exact
Gross Profit :
TAN Shs 40,000,000 - 2006 - exact
Net Profit :
TAN Shs 5,000,000 - 2006 - exact
Financial year ends 31
December.
LEGAL STATUS AND
HISTORY
Date Started : June 2005
History : The company was
incorporated in
C.R. No. : 52594
Capital : TAN Shs
100,000,000
Limited Liability Company
with the following shareholders :
1. Ali Attoui
2. Dina Khalaf (Mrs)
(wife of the above)
Affiliated companies of
Diplast Ltd :
Associates
A to Z African Building
Center Ltd
Dar Es Salam
Tel : (255 78) 459 9533
(mobile)
ACTIVITIES
The Company is involved
in the following activities :
Manufacturers of plastic
mats.
Imports polyester yarn
from
Subject purchases it
requirements in the local market.
FACILITIES
The Company has the
following facilities :
Office premises,
production unit and storage facilities located at the heading address.
SPECIAL NOTE
You enquired on : OPLAST
LTD.
Please note the correct
name is as per heading.
The telephone and fax
numbers provided by you respectively: 225 22261767 and 252 222861768 are
incorrect. Please note the correct telephone and fax numbers are as per
heading.
--
No virus found in this
incoming message.
Checked by AVG Free
Edition.
Version: 7.5.467 / Virus
Database: 269.6.6/794 - Release Date: 5/8/2007 2:23 PM
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%)