MIRA
INFORM REPORT
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Report Date : |
25.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
QUALITY
MEATS AND BEVERAGES SUPPLIES LTD |
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Registered Office : |
P.O Box 3511 Zanzibar |
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Country : |
Tanzania |
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Date of Incorporation : |
6.8.1998 |
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Com. Reg. No.: |
34534 Zanzibar, Tanzania |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Manufacturers and Processors of Food, Beverages, Meat, Mineral Water
and Fruit Juices |
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 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
QUALITY
MEATS AND BEVERAGES SUPPLIES LTD
Principal Address
P.o Box 3511 Zanzibar, Tanzania
Telephone: +255-242230548/39017/38240
Fax: +255-242233544
Email: None
Internet: None
Established
6/8/1998
Registration
No. 34534
Zanzibar, Tanzania
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
100
Office & Factories
Head offices Mtoni area Zanzibar, Tanzania
Branches None
Company Profile
Paid in Capital TZS. 100,000,000
Subscribed Capital TZS. 100,000,000
Shareholders
Name Position Amount
Ratio
Mr. Shakil Akber
Dedhar Director 15 15.00%
Mr. Yusuf Mehbub
Manji Director
Mr. Mehbub
Yusufali Manji Director
Quality
Engineering Ltd Holding
Co. 85 85.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 100,000 is recommendable
Affiliated Companies
Company (1) QUALITY GROUP
LIMITED
Company (2) QUALITY GARAGE LIMITED
Company (3) QUALITY ENGINEERING LIMITED
Management/ Directors
President/ CEO (1)
Name Mr. Shakil Akber Dedhar
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr.
Yusuf Mehbub Manji
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 and
processors of food, beverages, Meat, mineral water & fruit juices
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
Various
Customers
Department stores, stores
and outlets
Recent Sales
TZS. 2,800,000,000
(2007)
Exports
Malawi
Export Ratio
20.0%
Import Ratio
10.0%
Domestic Market Share
40.0%
Banking relationship
Main Banks Citi 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 100,000 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%)