MIRA
INFORM REPORT
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Report Date : |
19.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
TANZANIA INVESTMENT BANK LTD |
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Registered Office : |
P.O Box 9373 Dar Es Salaam |
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Country : |
Tanzania |
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Date of Incorporation : |
01.08.1970 |
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Com. Reg. No.: |
5872Tanzania |
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Legal Form : |
Limited Liability Company, Limited by shares |
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Line of Business : |
Providers of Finance, Banking And Investment Facilities |
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 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
TANZANIA INVESTMENT
BANK LTD
Principal Address
P.o Box 9373 Dar Es Salaam, Tanzania
Telephone: +255-21-11708/711
Fax: +255-21-11876
Email: md@tib.co.tz
Internet: www.tib.co.tz
Established
01/08/1970
Registration
No. 5872Tanzania
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
400
Office & Factories
Head offices Consolidated Holding Corporation Building
Samora Avenue/ Zanaki Street
Dar Es Salaam, Tanzania
Branches Central Plaza Building
Sokoine Road ,Arusha, Tanzania
Company Profile
Paid in Capital TZS. 100,000,000,000
Subscribed Capital TZS. 23,700,000,000
Shareholders
Name Position Amount
Ratio
Ambassador
Fulgence .M. Kazaura CEO
Mr. William A. Mlaki Director
Mrs. Edwina A. Lupembe Director
Professor
Amon V. Y. Mbelle Director
Mr. Gideon A. L. Senyagwa Director
Ms. Rosemary J.
Nyerere Director
Professor Joseph
T. Nagu Director
National Insurance
Corp. Of Tanzania Shareholder 0.23%
Consolidated
Holding Corporation Shareholder 0.676%
Government of
Tanzania Holding Co. 99.098%
Total
100.00%
Credit Opinion
Our proposed credit amount of USD 200,000 is recommendable
Affiliated Companies
Company (1) RASILIMALI LIMITED
Management/ Directors
President/ CEO (1)
Name Ambassador Fulgence .M. Kazaura
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr. William A. Mlaki
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
Providers of
finance,banking and investment facilities
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 50% in cash, 50% on credit
Suppliers
None
Customers
Stores and outlets
Recent Sales
TZS. 1,280,000,000,000 (2007)
Exports
None
Export Ratio
0.0%
Import Ratio
20.0%
Domestic Market Share
30.0%
Banking relationship
Main Banks Tanzania
Investment Bank
Standard Chartered
CITI BANK
Auditor Mr. Isaack E.
Kiputa
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 200,000 outstanding at any one time.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.78 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.67.90 |
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%)