MIRA
INFORM REPORT
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Report Date : |
13.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
AUTO SUICA DE RICHARD BURRI |
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Registered Office : |
2463 Mozambique Av Patrice Lumumba No. 1113
Maputo |
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Country : |
Mozambique |
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Date of Incorporation : |
12.10.1994 |
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Com. Reg. No.: |
95814 Mozambique |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Distributors of Second Hand Vehicles, Spare Parts, After Sales Service
& Mechanics |
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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Maximum Credit Limit : |
USD 50,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
AUTO SUICA DE RICHARD BURRI
Principal Address
2463 Mozambique Av Patrice Lumumba No. 1113 Maputo Mozambique
Telephone: +258-21-313390
Fax: +258-21-3133855/ 313706
Email: autosuica@tvcabo.co.mz
Internet: None
Established
12/10/1994
Registration
No. 95814 Mozambique
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
80
Office & Factories
Head offices Av. Patrice Lumumba, No. 1113, Maputo,
Mozambique
Branches None
Company Profile
Paid in Capital MZM. 200,000,000
Subscribed Capital MZM. 200,000,000
Shareholders
Name Position Amount
Ratio
Mr. Richard Buri CEO 50.00%
Mrs. M Buri Director 50.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 50,000 is recommendable
Affiliated Companies
None Stated
Management/ Directors
President/ CEO (1)
Name Mr.
Richard Buri
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
Distributors of
second hand vehicles, Spare parts, After sales service & Mechanics
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None Stated
Customers
Local agencies , stores and
outlets
Recent Sales
MZM. 26,800,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
20.0%
Domestic Market Share
30.0%
Banking relationship
Main Banks Banco
Internacional de Mozambique
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%)