MIRA
INFORM REPORT
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Report Date : |
13.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
ZAMANITA LTD |
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Registered Office : |
P O Box 31412 Lusaka |
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Country : |
Zambia |
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Date of Incorporation : |
12/9/2000 |
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Com. Reg. No.: |
No. 948861 Lusaka, Zambia |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Manufacturers of
edible oils, margarine, stock feed and cake meal ets |
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 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
ZAMANITA LTD
Principal Address
P O Box 31412 Lusaka, Zambia
Telephone:
+260-211-288531
Fax: +260-211-288531
Email: None
Internet: None
Established
12/9/2000
Registration
No. 948861 Lusaka, Zambia
Legal Form
Limited Liability Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
400
Office & Factories
Head offices Plot 5001, Mumbwa Roadm Industrial Area
Lusaka, Zambia
Branches None
Company Profile
Paid in Capital ZMK. 44,268,000,000
Subscribed Capital ZMK. 44,268,000,000
Shareholders
Name Position Amount
Ratio
Mr. Jacob Mwanza CEO
Mr. Yusuf Koya Director
Mr. Rodney Clyde Director
Mr. Lawrence Sikutwa Director
Zambeef Products Plc Holding Co. 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 150,000 is
recommendable
Affiliated Companies
Company (1) Zamleather Limited
Company (2) ZAMSHU
Company (3) ZAMCHICK
Company (4) ZAMBEEF
Company (5) ZAMMILK
Management/ Directors
President/ CEO (1)
Name Mr. Jacob Mwanza
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr. Yusuf Koya
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
Manufacturers of edible oils, margarine, stock feed and cake meal ets
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None
Customers
Local agencies ,Department
stores, stores and outlets
Recent Sales
ZMK. 291, 971,000,000 (2007)
Exports
None
Export Ratio
0.0%
Import Ratio
30.0%
Domestic Market Share
20.0%
Banking relationship
Main
Banks Stanbic Bank
Barclays 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
According to its restructuring plan, Zambeef recently acquired the Subject company from Amanita Group of Companies Maximum credit we recommend is USD 150,000 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%)