MIRA
INFORM REPORT
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Report Date : |
03.10.2007 |
IDENTIFICATION DETAILS
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Name : |
AVLOW ZAMBIA LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
14/2/2002 |
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Com. Reg. No.: |
184784 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Importers &
Distributor of Caterpillar earthmoving machinery, hydraulic cylinder, power generators
and pump reconditioning, water pump reconditioning, hard chroming the rebuild
of earthmoving machinery component |
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 80,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
AVLOW ZAMBIA LIMITED
Principal Address
Telephone: +260-1-287112
Fax: +260-1-287639
Email: None
Internet: None
Established
14/2/2002
Registration
No. 184784
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
100
Office &
Factories
Head offices
Branches None
Company Profile
Paid in Capital ZMK. 1,000,000,000
Subscribed Capital ZMK. 1,000,000,000
Shareholders
Name Position Amount
Ratio
Mr. Mark
Simon CEO
Mr. Tony Lithgow Director
Avlow South Africa Holding Co. 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 80,000 is recommendable
Affiliated Companies
Company (1) Barloworld Equipment
Management/
Directors
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President/
CEO (1) |
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Name |
Mr. Mark Simon |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mr. Tony Lithgow |
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 &
Distributor of Caterpillar earthmoving machinery, hydraulic cylinder, power
generators and pump reconditioning, water pump reconditioning, hard chroming
the rebuild of earthmoving machinery component
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
CATERPILLAR, VOLVO etc
Customers
Local agencies, stores and
outlets
Recent Sales
ZMK. 9,000,000,000 (2006)
Exports
Export Ratio 20.0%
Import Ratio 60.0%
Domestic Market Share 52.0%
Banking
relationship
Main Banks INVESTRUST MERCHANT BANK LTD
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 80,000 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%)