MIRA
INFORM REPORT
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Report Date : |
27.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
AUTO ESTORIL LDA |
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Registered Office : |
P O Box 1079 Maputo |
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Country : |
Mozambique |
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Date of Incorporation : |
10/9/1987 |
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Com. Reg. No.: |
22768 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Automobile parts
Sales & Repairs etc |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 60,000 |
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Status : |
Moderate |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
COMPANY REPORTED
AUTO ESTORIL LDA
Principal Address
P o Box 1079 Maputo Mozambique
Telephone: +258-2130226/ 258-823927830
Fax: +258-21305614
Email: autoestoril@teledata.mz
Internet: None
Established
10/9/1987
Registration
No. 22768 Maputo Mozambique
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
45
Office & Factories
Head offices 781 Av Josina Machel, Maputo, Mozambique
Branches None
Company Profile
Paid in Capital MZM. 10,000,000
Subscribed Capital MZM. 10,000,000
Shareholders
Name Position Amount
Ratio
Mr. Manuel Artur
Vilela Ferreira CEO 50.00%
Mr. S Vilela
Ferreira Director 50.00%
Mr. E Fillipe Director
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 60,000 is recommendable
Affiliated Companies
None
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. Manuel Artur Vilela Ferreira |
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Work Experience |
10 years in this line of business |
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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
Automobile parts
Sales & Repairs etc
Terms of payment
Buying terms 50% in cash, 50% on credit
Selling terms 70% in cash, 30% on credit
Suppliers
Various
Customers
Local Government, Companies
and public
Recent Sales
MZM. 42,000,000,000
(2006)
Exports
None
Export Ratio 0.0%
Import Ratio 50.0%
Domestic Market Share 30.0%
Banking relationship
Main Banks BIM 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 60,000 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%)