MIRA
INFORM REPORT
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Report Date : |
22.05.2007 |
IDENTIFICATION DETAILS
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Name : |
NSHILI KIVU TEA |
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Registered Office : |
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Country : |
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Date of Incorporation : |
21 July 2006 |
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Com. Reg. No.: |
A 282-06-KIG |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers of tea [Production is scheduled to commence in January 2008.] |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COmpany NAME
NSHILI KIVU TEA
NSHILI KIVU TEA SARL
(Requested)
ADDRESS
P.O. Box :
4191
Town : Nshili Kivu
Country :
Telephone :
(250) 5510 0238 / (250) 0830 8761
Fax :
(250) 570 315
SENIOR COMPANY
PERSONNEL
Name Position
1. Robert Bayingamba Managing
Director
2. Aime Mugenga Project
Analyst
3. Vijith Jayasekera General
Manager
Total Employees
3 (administrative)
PAYMENTS
Current trade experience
of payments has not been traced.
The subject company was
established on 21 July 2006 and has not yet commenced production.
Opinion on maximum credit
: As the company has recently started trading and has no financial or payment
track record, we recommend dealing on fully secured terms.
Trade risk assessment :
High
It is normal accepted
practice for international suppliers to deal on secured terms with Rwandan
importers.
PRINCIPAL BANKERS
NAME :
BANCOR SA
Branch :
Niveau 3
P.O. Box : 2059
Town :
Telephone : (250) 500 091 / (250) 575 780
Fax :
(250) 572 501 / (250) 575 761
FINANCIAL INFORMATION
As the Company has not
yet commenced production, relevant financial information is not available.
Total Invested Capital :
US DLRS 5,600,000
LEGAL STATUS AND
HISTORY
Date Started : 21 July 2006
History : The company was incorporated in
C.R. No. : A 282-06-KIG
Capital : RWA Fr 100,000,000
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
Percentage
1. Nshili Kivu Tea
2. Cothenk Cooperative 25 %
ACTIVITIES
The Company is involved
in the following activities :
Manufacturers of tea.
Subject is currently in the process of building its factory. Production is
scheduled to commence in January 2008.
Imports from
Exports to
FACILITIES
The Company has the
following facilities :
Owned office and
warehouse and a factory (under construction; scheduled to be completed by
September 2007) located at the heading address.
SPECIAL NOTE
You enquired on : Nshili
Kivu Tea Sarl. 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%)