MIRA
INFORM REPORT
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Report Date : |
01.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
BROCKMAN ENGINEERING LTD |
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Registered Office : |
P. O Box 22606, Kitwe, Plot 5026, Lyoneno |
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Country : |
Zambia |
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Date of Incorporation : |
4/7/2005 |
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Com. Reg. No.: |
91747 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Engineering
Contractors, corrosion protection for tanks, floors etc |
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 : |
USD 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
BROCKMAN ENGINEERING LTD
Principal Address
P. O Box 22606, Kitwe, Plot 5026, Lyoneno Zambia
Telephone: +260-2210934/6
Fax: +260-2211190
Email: brockman@microlink.zm
Internet: None
Established
4/7/2005
Registration
No. 91747 Zambia
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
100
Office & Factories
Head offices Plot 5026, Lyoneno, Kitwe Zambia
Branches None
Company Profile
Paid in Capital ZMK. 15,000,000
Subscribed Capital ZMK. 15,000,000
Shareholders
Name Position No. of shares Ratio
Mr. M
Hovelmeier Director
Mr. L Kate Director
Mrs. P Sharon Director
Total 100.00%
Credit Opinion
Maximum credit we recommend is USD 100,000 outstanding at any one time.
Affiliated
Companies
None
Management/
Directors
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President/
CEO (1) |
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Name |
Mr. M Hovelmeier |
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Remarks |
Top Decision Maker |
Þ Top decision maker is the person who has the ultimate authority or power to make important managerial decisions. He/She may or may not be officially registered as a president or an executive director.
Business
Activities
Engineering
Contractors, corrosion protection for tanks, floors etc
Terms
of payment
Buying terms 30% in cash, 70% on credit
Selling terms 50% in cash, 50% on credit
Terms
Suppliers
Caterpillar, Hyundai, etc
Customers
Local companies
Recent
Sales
ZMK.6,500,000,000
(2006)
Exports
None
Export Ratio 0.0%
Import Ratio 50.0%
Domestic Market Share 20.0%
Banking
relationship
Main Banks Zambia National
Commercial Bank
Credit
Check of Subject, President & CEO
(as of
report date)
Payment Morale :
In the documents at our disposal nothing adverse has been shown so far.
CREDIT RATING :
Financial situation is average.
COMMENTS
Maximum credit we recommend is USD 100,000 outstanding at any one time.
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. |
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%)