MIRA
INFORM REPORT
|
Report Date : |
16.04.2008 |
IDENTIFICATION
DETAILS
|
Name : |
OFFICE
MART LDA |
|
|
|
|
Registered Office : |
PO Box 4728 Maputo |
|
|
|
|
Country : |
Mozambique |
|
|
|
|
Date of Incorporation : |
20.10.1998 |
|
|
|
|
Com. Reg. No.: |
20578 Mozambique |
|
|
|
|
Legal Form : |
Limited Liability Company, Limited by Shares |
|
|
|
|
Line of Business : |
Distributors of Consumables, Stationery, Office Furniture and Office
equipments etc |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
USD 50,000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name of the company
OFFICE
MART LDA
Principal Address
PO Box 4728 Maputo Mozambique
Telephone: +258-21-306012/ 20/
Fax: +258-21-306006
Email: officemart@tvcabo.co.mz
Internet: None
Established
20/10/1998
Registration
No. 20578 Mozambique
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
60
Office & Factories
Head offices 25 Setembro RC 2041, Maputo Mozambique
Branches None
Company Profile
Paid in Capital MZM. 1,000,000
Subscribed Capital MZM. 1,000,000
Shareholders
Name Position Amount
Ratio
Mr. Javin P Oza CEO 50.00%
Mr. Sunil Dutt Director 50.00%
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. Sunil Dutt
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr.
Javin P Oza
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
Distributors of
Consumables, Stationery, Office Furniture & Office equipments etc
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None
Customers
Local agencies , stores and
outlets
Recent Sales
MZM. 38,000,000,000
(2007)
Exports
None
Export Ratio
20.0%
Import Ratio
40.0%
Domestic Market Share
20.0%
Banking relationship
Main Banks BIM 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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)