MIRA
INFORM REPORT
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Report Date : |
05.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
KEMPE SMELTER SERVICES MOCAMBIQUE LDA |
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Registered Office : |
P O Box 2199, Matola |
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Country : |
Mozambique |
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Date of Incorporation : |
17/9/2000 |
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Com. Reg. No.: |
No. 409847 Mozambique |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Engineering
Services, Smelters & Refiners |
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
KEMPE SMELTER SERVICES
MOCAMBIQUE LDA
Principal Address
P O Box 2199, Matola, Mozambique
Telephone: +258-21-307091/ 731422
Fax: +258-21-731424
Email: kssm@kempeint.com.au
Internet: www.kempeint.com.au
Established
17/9/2000
Registration
No. 409847 Mozambique
Legal Form
Limited Liability Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
100
Office & Factories
Head offices Parque Industrial De
Beluluane Lote 8B, Matola, Mozambique
Branches None
Company Profile
Paid in Capital MZM. 1,000,000
Subscribed Capital MZM. 1,000,000
Shareholders
Name Position Amount
Ratio
Mr. Grant Kempe CEO
Mr. Ron Kempe Director
Mr. C Simone Director
Mr. M Jose
GM
Kempe Smelter Service Pty Ltd, Australia Holding Co. 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 100,000 is
recommendable
Affiliated Companies
Company (1) KEMPE INTERNATIONAL
ENGINEERING SERVICES
Company (2) KEMPE
SMELTER SERVICES SOUTH AFRICA
Company (3) KEMPE
METECH LDA
Management/ Directors
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President/ CEO (1)
Name Mr. Grant Kempe
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr. M Jose
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
Engineering Services, Smelters & Refiners
Terms of payment
Buying
terms 30% in cash, 70% on credit
Selling
terms 80% in cash, 20% on credit
Suppliers
Group
companies
Customers
Industries
and Companies
Recent Sales
MZM.
58,000,000,000 (2007)
Exports
None
Export Ratio
<
10.0%
Import Ratio
60.0%
Domestic Market Share
30.0%
Banking relationship
Main Banks Banco Austral Sarl
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 Satisfactory.
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%)