MIRA
INFORM REPORT
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Report Date : |
29.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
PULA ENERGY PTY LTD |
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Registered Office : |
P O Box 2331, Gaborone |
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Country : |
Botswana |
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Date of Incorporation : |
12.9.1995 |
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Com. Reg. No.: |
0001478/07 Gaborone |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Distributors of Petroleum products, LPG, Gas, Oil etc |
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 300,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY REPORTED
PULA ENERGY PTY LTD
Principal Address
P O Box 2331, Gaborone, Botswana
Telephone: +267-3640100
Fax: +267-3186389
Email: thedi.pulaenergy@pulaholdings.co.bw
Internet: www.pulaholdings.co.bw
Established
12/9/1995
Registration
No.
0001478/07 Gaborone, Botswana
Legal Form
Limited Liability
Company, Limited by Shares
Stock Listing
Not Listed
Workforce
2007
100
Office & Factories
Head offices Plot 112 , Gaborone, Botswana
Branches None
Company Profile
Paid in Capital BWP. 1,000,000
Subscribed Capital BWP. 1,000,000
Shareholders
Name Position Amount
Ratio
Mr. Patrick Thedi Director
Mr. Scelo Hlope Director
Mr. Sanjeev Sinha Director
Pula Holdings Ltd Holding Co. 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 300,000 is recommendable
Affiliated Companies
Company (1) AIRTIME PTY LTD
Company (2) FONEWORX-VTS
Company (3) OPTIMUM MCCANN-ERICKSON
Company (4) PULA CARRIERS PTY LTD
Company (5) PULA ENERGY PTY LTD
Company (6) PULA REAL ESTATE PTY LTD
Company (7) PULA TECOR PTY LTD
Company (8) PULA TREASURY PTY LTD
Company (9) SMART INVESTMENTS PTY LTD
Company (10) ST. MARY'S PRIMARY
SCHOOL
Company (11) TK TRADING PTY LTD
Management/ Directors
President/ CEO (1)
Name Mr. Patrick Thedi
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr.
Scelo Hlope
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
Petroleum products, LPG, gas, Oil etc
Terms of payment
Buying
terms 30% in cash, 70% on credit
Selling terms 50% in cash, 50% on credit
Suppliers
Various
Customers
Local agencies , stores and
outlets
Recent Sales
BWP.
100,000,000 (2007)
Exports
None
Export Ratio
0.0%
Import Ratio
50.0%
Domestic Market Share
30.0%
Banking relationship
Main Banks FRB 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
Satisfactory.
COMMENTS
Maximum credit we recommend is USD 300,000 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%)