MIRA
INFORM REPORT
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Report Date : |
08.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
AAA INTERNATIONAL LTD |
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Registered Office : |
Rua Lenine, nº 58, PO Box 505, Luanda |
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Country : |
Angola |
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Date of Incorporation : |
04/1/2000 |
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Com. Reg. No.: |
91898 |
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Legal Form : |
Company Limited
BY Shares |
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Line of Business : |
Financial
services, risk management, brokerage, insurance and reinsurance etc |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 200,000 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
AAA INTERNATIONAL LTD
Other Name
AAA SEGUROS &
AAA PENSOES SA
Principal Address
Rua Lenine, nº 58, PO Box 505, Luanda, Angola
Telephone: +244-222-691200/ 69282
Fax: +244-222-691331
Email: nesilva@aaa.co.ao
Internet: www.aaa.ao
Established
04/1/2000
Registration
No. 91898 Luanda, Angola
Legal Form
Company Limited BY
Shares
Stock Listing
Not Listed
Workforce
2006
400
Office & Factories
Head offices Rua Lenine, nº 58, Luanda, Angola
Branches Several
Company Profile
Paid in Capital USD. 15,000,000
Subscribed Capital USD. 15,000,000
Shareholders
Name Position No. of shares Ratio
Mr. Sao Vicente Director
Mr. Eusebio Vunge Director
Mrs. Neusa Silva Director
AAA Financial
Services Ltd Holding Company 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 200,000 is recommendable
Affiliated Companies
Company (1) AAA Servicos de Risco LDA
Company (2) AAA Corretores de Seguros LDA
Company (3) AAA SERVICOS FINANCEIROS LDA
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. Sao Vicente |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mr. Eusebio Vunge |
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
Financial
services, risk management, brokerage, insurance and reinsurance etc
Terms of payment
Buying terms 50% in cash, 50% on 5
credit555
Selling terms 50% in cash, 50% on credit
Suppliers
Reinsurnace Companes
Customers
Local Corporations, firms
and public
Recent Sales
USD. 450,000,000
(2006)
Exports
None
Export Ratio 0.0%
Import Ratio 30.0%
Domestic Market Share 40.0%
Banking relationship
Main Banks Banco Nacional de
Angola
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 200,000 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%)