MIRA
INFORM REPORT
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Report Date : |
06.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
EFAM LTD |
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Registered Office : |
P.o Box 14014, Dar Es Salam |
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Country : |
Tanzania |
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Date of Incorporation : |
2.5.2002 |
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Com. Reg. No.: |
81547 Dar
Es Salam Tanzania |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Distributors of Water Purification and Equipment Infrastructure 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 80,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
EFAM LTD
Principal Address
P.o Box 14014, Dar Es Salam Tanzania
Telephone: +255-22-2771473
Fax: +255-22-2771474
Email: info@efamtz.com
Internet
www.efamtz.com
Established
2/5/2002
Registration
No. 81547 Dar Es
Salam Tanzania
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
45
Office & Factories
Head offices Ali Hassan
Mwinyi Road, Regent Estate, Plot 38, Dar Es Salam, Tanzania
Branches None
Company Profile
Paid in Capital TZS. 10,000,000
Subscribed Capital TZS. 10,000,000
Shareholders
Name Position Amount
Ratio
Ms. Fatma Mdoe
Rweyemamu CEO 80.00%
Mr. R Deus Director 20.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 80,000 is recommendable
Affiliated Companies
None Stated
Management/ Directors
President/ CEO (1)
Name Ms.
Fatma Mdoe Rweyemamu
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr. R Deus
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
Water Purification & Equipment infrastructure etc
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
Various
Customers
Local agencies ,Department
stores, and outlets
Recent Sales
TZS. 4,000,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
40.0%
Domestic Market Share
20.0%
Banking relationship
Main Banks EXIM BANK TANZANIA
LIMITED
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%)