%20LTD%2010-Jul-2008_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
10.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ZENUFA
LABORATORIES (TZ) LTD |
|
|
|
|
Registered Office : |
P.O Box 77914 Dar Es Salaam |
|
|
|
|
Country : |
Tanzania |
|
|
|
|
Date of Incorporation : |
25.02.2005 |
|
|
|
|
Com. Reg. No.: |
583128 Dar Es Salaam, Tanzania |
|
|
|
|
Legal Form : |
Limited Liability Company, Limited by Shares |
|
|
|
|
Line of Business : |
Import and Distribution of Pharmaceutical Products |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
USD 50,000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
COMPANY REPORTED
ZENUFA
LABORATORIES (TZ) LTD
Principal Address
P.o Box 77914 Dar Es Salaam, Tanzania
Telephone: +255-22-2184620/2552
Fax: +255-22-2182553
Email: info@zenufa.com
Internet: www.zenufa.com
Established
25/02/2005
Registration
No. 583128 Dar
Es Salaam, Tanzania
Legal Form
Limited Liability Company,
Limited by shares
Stock Listing
Not Listed
Workforce
2007
150
Office & Factories
Head offices Dar Es
Salaam, Tanzania
Branches DRC,
Angola, Republic of Congo, India and Canada
Company Profile
Paid in Capital TZS. 10,000,000
Subscribed Capital TZS. 10,000,000
Shareholders
Name Position Amount
Ratio
Mr. Naren Visani CEO
Mr. Harvinder
Singh Alag Director
Mrs. Satnam Singh
Alag Director
Mr. Premnath
Karkera Director
Mr. Kamal Kotecha Director
Zenufa Group of
Companies Holding Co. 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 50,000 is recommendable
Affiliated Companies
Company (1)
Company Name ZENUFA
LABORATORIES SPRL
Head Office 3 Avenue Des Entrepots, Kinshasa, Congo Democratic Republic
Management/ Directors
President/ CEO (1)
Name Mr. Naren Visani
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr.
Harvinder Singh Alag
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
Import and
distribution of pharmaceutical products
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
Various
Customers
Local agencies , stores,
and outlets
Recent Sales
TZS. 4,200,000,000
(2007)
Exports
Neighboring
countries
Export Ratio
20.0%
Import Ratio
50.0%
Domestic Market Share
50.0%
Banking relationship
Main Banks CRDB 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 50,000 outstanding at any one time.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.16 |
|
UK Pound |
1 |
Rs.85.51 |
|
Euro |
1 |
Rs.67.95 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)