MIRA
INFORM REPORT
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Report Date : |
26.10.2007 |
IDENTIFICATION DETAILS
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Name : |
TRUCKMECH CO LTD |
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Registered Office : |
P.o |
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Country : |
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Date of Incorporation : |
10/04/2002 |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Transportations
of Commercial goods, and Truck Repairs & Service |
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 50,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
TRUCKMECH CO LTD
Address
P.o
Telephone: +260-2217290
Fax: +260-9961233
Email: truckmec@zambia.zn
Internet: None
Established
10/04/2002
Registration
Legal Form
Private Limited Liability
Company
Stock Listing
Not Listed
Workforce
2006
150
Office &
Factories
Head offices Mulilakwenda road, Heavy Industrial area,
Branches None
Company Profile
Paid in Capital ZMK. 1,000,000
Subscribed Capital ZMK. 1,000,000
Shareholders
Name Position No. of shares Ratio
Mr. Maharir
Neal Director 200
Mr. Louret
Franbreda Director
Mr. Gopal
Harishbraum Director 255
Mr. Allan Griffith Director. 545
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 50,000 is recommendable
Affiliated
Companies
None
Management/
Directors
President/ CEO (1)
Name Mr. Maharir
Neal
Remarks Top Decision Maker
President/ CEO (2)
Name Mr. Louret
Franbreda
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
Transportations of
Commercial goods, and Truck Repairs & Service
Terms of payment
Buying terms 30%
in cash, 70% on credit
Selling terms 50% in cash, 50% on credit
Suppliers
Benz,
Customers
Local agencies,
stores and outlets
Recent Sales
ZMK.
7,500,000,000 (2006)
Exports
None
Export Ratio
20.0%
Import Ratio
60.0%
Domestic Market
Share
52.0%
Banking
relationship
Main Banks Lusaka First Alliance
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 50,000 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%)