MIRA
INFORM REPORT
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Report Date : |
13.09.2007 |
IDENTIFICATION DETAILS
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Name : |
MADINI ASILI (TZ) LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
10/9/2005 |
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Com. Reg. No.: |
1298714 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Mining and
Processing of ores, slag and Ash, Gold and Diamonds 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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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
MADINI ASILI (TZ) LTD
Principal Address
Telephone: +255-222-123 456
Fax: +255-2-123 456
Email: None
Internet: None
Established
10/9/2005
Registration
No. 1298714
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
40
Office &
Factories
Head offices Plot No.
50,
Branches None
Company Profile
Paid in Capital TZS. 1,000,000
Subscribed Capital TZS. 1,000,000
Shareholders
Name Position Amount
Ratio
Mr. Jacob
Mugume MD
Other shareholders Shareholders 100.00%
Total 100.00%
Credit Opinion
We recommend secured credit
Affiliated Companies
None
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. Jacob Mugume |
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Work Experience |
3 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
Mining and
Processing of ores, slag and Ash, Gold and Diamonds etc
Terms of payment
Buying terms 70%
in cash, 30% on Credit
Selling terms 50% in cash, 50% on credit
Suppliers
Various
Customers
Local Mining Companies
Recent Sales
TZS. 500,000,000 (2006)
Exports
Export Ratio 20.0%
Import Ratio 60.0%
Domestic Market Share 5.0%
Banking relationship
Main Banks CRDB 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 still
average.
COMMENTS
The company is owned by two South African whose names were not forthcoming from the company We recommend Secured Credit Until the company has established proper References with local Authorities
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%)