MIRA
INFORM REPORT
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Report Date : |
26.09.2007 |
IDENTIFICATION DETAILS
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Name : |
DAL FOOD
INDUSTRIES COMPANY LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
2002 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Engaged as bottlers of carbonated soft drinks and water. |
RATING & COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$ 1,000,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : DAL FOOD INDUSTRIES COMPANY LTD
Country of Origin :
Legal Form : Limited Liability Company
Registration Date : 2002
Issued Capital : SD 50,000,000
Paid up Capital : SD 50,000,000
Total Workforce : 350
Line of Business : Bottlers of carbonated soft drinks and water.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
DAL FOOD INDUSTRIES
COMPANY LTD
ADDRESS
Registered & Physical Address
Location :
PO Box : 807
Town :
Country :
Telephone : (249-185) 444000
Facsimile : (249-185) 444310 / 444338 / 345330
Email : ali.hamza@dalgroup.com
Premises
Subject operates from a large suite of offices and a factory that are
rented and located in the Industrial Area of Khartoum.
KEY PRINCIPALS
· Davies Andrew General
Manager
·
Awad Al Ameen Production
Manager
· Ali Hamza Purchasing
Manager
LEGAL FORM &
OWNERS
Date of
Establishment : 2002
Legal Form : Limited Liability
Company
Issued Capital : SD 50,000,000
Paid up Capital : SD 50,000,000
Name of Shareholder
(s) Percentage
· Dal Group of
Companies 100%
AFFILIATED
COMPANIES
· Dal Motors Co
· Dal Limousine
LINE OF BUSINESS
Operations : Engaged as bottlers of carbonated soft drinks and
water.
Import Countries : Europe and the
Brand Names : COCA COLA, FANTA, SPRITE, CAPPY, BIBO and SAFIA.
Subject has a workforce of approximately 350 employees.
FINANCIAL
HIGHLIGHTS
Companies registered in
BANKERS
·
Bank of
PO Box :
1008
Tel :
(249-183) 772880
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit figure of US$ 4,000,000:
Established in 2002, subject is involved as bottlers of carbonated soft
drinks and water.
The above credit figure is higher than transactions previously seen and
a measure of caution would be prudent.
Maximum suggested credit figure: US$ 1,000,000
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%)