MIRA
INFORM REPORT
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Report Date : |
22.05.2007 |
IDENTIFICATION DETAILS
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Name : |
YAKACHI INVESTMENTS LTD |
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Registered Office : |
14 David Mwila House, |
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Country : |
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Date of Incorporation : |
12 December 1996 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importers and manufacturers of mining equipment. |
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 : |
KWACHA 5,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
YAKACHI INVESTMENTS LTD
ADDRESS
Building :
14 David Mwila House
P.O. Box :
23355
Town :
Country :
Telephone :
(260) 238 3722 / (260) 9771 87622
Fax : (260) 238 3722
E-Mail : chisheshev@yahoo.com
SENIOR COMPANY
PERSONNEL
Name Position
Victor Chisheshev Managing
Director
Total Employees
10
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 Zambian importers.
Opinion on maximum credit
: KWACHA 5,000,000
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
STANDARD CHARTERED BANK
Branch :
Branch Chililabombwe
P.O. Box : 210119
Town :
Chililabombwe
Telephone : (02) 388 154 / 382 209
Fax :
(02) 382 213
Acc No :
0100132258800
FINANCIAL INFORMATION
Private companies in
Sales Turnover : KWACHA 100,000,000 - 2006 - exact *
Net Profit :
KWACHA 30,000,000 - 2006 - exact
* Low turnover attributed
to the costs of restarting operations.
LEGAL STATUS AND
HISTORY
Date Started : 12 December 1996
History : The company was incorporated in
and
resumed its activities in 2005.
Paid up Capital : KWACHA 5,000,000
Private Limited Liability
Company with the following shareholders :
1. Victor Chisheshev
2. Hallen Yamba
ACTIVITIES
The Company is involved
in the following activities :
Importers and manufacturers
of mining equipment.
Imports from
FACILITIES
The Company has the
following facilities :
Owned office and
warehouse 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%)