MIRA
INFORM REPORT
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Report Date : |
11.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
MOZAL SARL |
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Registered Office : |
P.O Box1235 Maputo |
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Country : |
Mozambique |
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Date of Incorporation : |
05.06.1998 |
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Com. Reg. No.: |
18747 Maputo Mozambique |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Mining, Processing a nd Production of Aluminium |
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 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
MOZAL SARL
Principal Address
P.o Box1235 Maputo, Mozambique
Telephone: + 258-21-735161/ 735000/
Fax: + 258-21-735724
Email: mozal.site@bhpbilliton.com
Internet: None
Established
05/06/1998
Registration
No. 18747 Maputo
Mozambique
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
1,400
Office & Factories
Head offices Beloluane Industrial Park, Boane District
Maputo, Mozambique
Branches none
Company Profile
Paid in Capital MZM. 500,000,000
Subscribed Capital MZM. 500,000,000
Shareholders
Name Position Amount
Ratio
Mr. Peter
Wilshaw CEO
Mr. Nelson Silva Chairman
Mr. V. Nicoletti Director
Mr. H. X.
Mkhwanazi Director
Mr. J. R. P. de
Carvalho Director
Mr. S M B Nyalunga Director
Mr. .S. M. S.
Sibisi Director
Mr. K Noguchi Director
Mr. T Matsuoka Director
BHP Billiton
Limited Shareholder 47.10%
Mitsubishi corp. Shareholder 25.00%
Industrial
Development Corporation SA Shareholder 24.00%
Government of
Mozambique Shareholder 3.90%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 200,000 is recommendable
Affiliated Companies
Several
Management/ Directors
President/ CEO (1)
Name Mr. Peter Wilshaw
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr.
Nelson Silva
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, processing
and production of aluminium
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
USD. 520,000,000 (2007)
Exports
None
Export Ratio
80.0%
Import Ratio
20.0%
Domestic Market Share
90.0%
Banking relationship
Main Banks African Banking
Corporation
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 200,000 outstanding at any one time.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.67 |
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UK Pound |
1 |
Rs.80.92 |
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Euro |
1 |
Rs.63.71 |
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%)