MIRA
INFORM REPORT
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Report Date : |
12.10.2007 |
IDENTIFICATION DETAILS
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Name : |
MAPETO DWSM LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
14/9/1992 |
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Com. Reg. No.: |
114514 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Importers,
manufacturers and Retailers of textiles, fabrics 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 35,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
MAPETO DWSM LTD
Principal Address
Telephone: +265-1-840222/ 845201
Fax: +265-1-840731
Email: mapetodwsm@malawi.net
Internet: None
Established
14/9/1992
Registration
No. 114514
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
30
Office &
Factories
Head offices Makata Road
Industrial Site, Ginner Corner,
Branches None
Company Profile
Paid in Capital MKW. 1,000,000
Subscribed Capital MKW. 1,000,000
Shareholders
Name Position Amount
Ratio
Mr. Faizal
Latif Director
Mr. Abdul Basit Director
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 35,000 is recommendable
Affiliated
Companies
Company (1) Mapeto Wholesalers
Management/
Directors
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President/
CEO (1) |
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Name |
Mr. Faizal Latif |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mr. Abdul Basit |
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,
manufacturers and Retailers of textiles, fabrics etc
Terms of payment
Buying terms 70%
in cash, 30% on LC, TT
Selling terms 50% in cash, 50% on credit
Suppliers
Various
Customers
Local agencies, Department
stores, and outlets
Recent Sales
MKW. 268,000,000 (2006)
Exports
None
Export Ratio 10.0%
Import Ratio 20.0%
Domestic Market Share 30.0%
Banking
relationship
Main Banks Stanbic 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%)