MIRA
INFORM REPORT
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Report Date : |
29.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
KABEW TRADING PLC |
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Registered Office : |
P O Box 2546 Addis Ababa |
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Country : |
Ethiopia |
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Date of Incorporation : |
22/07/1995 |
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Com. Reg. No.: |
60798 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Importers,
Exporters & Distributors of oilseeds, Cereals, & Other Food Products
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 35,000 |
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Status : |
Moderate |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
COMPANY REPORTED
KABEW TRADING PLC
Other Name
KABEW TRADING PVT
LTD COMPANY
Principal Address
P O Box 2546 Addis Ababa Ethiopia
Telephone: +251-11-6639530/ 537556/34152
Fax: +251-11-526909
Email: kat@telecom.net.et
Internet: None
Established
22/07/1995
Registration
No. 60798 Addis
Ababa Ethiopia
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
40
Office & Factories
Head offices 17 Woreda 14 Kebele, Addis Ababa Ethiopia
Branches None
Company Profile
Paid in Capital ETB. 50,000
Subscribed Capital ETB. 50,000
Shareholders
Name Position Amount
Ratio
Mr. Tedla
Abraham Director 50.00%
Mrs. Farah Berhan Director 50.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 35,000 is recommendable
Affiliated Companies
None
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. Tedla Abraham |
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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
Importers,
Exporters & Distributors of oilseeds, Cereals, & Other Food Products
etc
Terms of payment
Buying terms None
Stated
Selling terms 50% in cash, 50% on credit
Suppliers
Various Companies and Farmers
Customers
Industries, companies and
Stores
Recent Sales
ETB. 26,000,000
(2006)
Exports
Various Countries
Export Ratio <30.0%
Import Ratio 40.0%
Domestic Market Share 10.0%
Banking relationship
Main Banks Lion 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 35,000 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%)