MIRA
INFORM REPORT
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Report Date : |
15.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
HANSA
NAIL MANUFACTURERS LTD |
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Registered Office : |
P.O Box 146, Arusha |
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Country : |
Tanzania |
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Date of Incorporation : |
09.03.1979 |
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Com. Reg. No.: |
6948 |
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Legal Form : |
Limited
Liability company, Limited by shares |
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Line of Business : |
Manufacturers
& Distributors of Nails. |
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 80,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
HANSA NAIL
MANUFACTURERS LTD
Actual Name
HANS NAIL
MANUFACTURERS LTD
Principal Address
P.o Box 146, Arusha, Tanzania
Telephone: +255-27-2502700/ 2506158/2507702
Fax:+255-27-2507815
Email: hansfibre@tz2000.com
Internet: None
Established
9/ 03/1979
Registration
No. 6948 Arusha, Tanzania
Legal Form
Limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
40
Office & Factories
Head offices Plot 37-38non Offensive Factory Area, Arusha,
Tanzania
Branches None
Company Profile
Paid in Capital TZS. 300,000,000
Subscribed Capital TZS. 93,400,000
Shareholders
Name Position Amount Ratio
Mr. Pradeep Singh
Hans CEO 16,223 34.74%
Mr. Hardeep Singh
Hans Director 16,223 34.74%
Mr. Haranjan Karv
Hans Director 14,002 29.98%
Mr. Gurucharan
Singh Hans Director 252 0.54%
Total 46,700 100.00%
Credit Opinion
Our proposed credit amount of USD 80,000 is recommendable
Affiliated Companies
Company (1) Fiberboard Africa Ltd
Management/ Directors
President/ CEO (1)
Name Mr. Pradeep Singh Hans
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr.
Hardeep Singh Hans
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
& Distributors of nails.
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
TZS. 3,650,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
30.0%
Domestic Market Share
20.0%
Banking relationship
Main Banks Stanbic Bank
Exim 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 80,000 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%)