MIRA
INFORM REPORT
|
Report Date : |
06.03.2008 |
IDENTIFICATION
DETAILS
|
Name : |
NKOMATI FARMING LDA |
|
|
|
|
Registered Office : |
Bloc Pae, Sabie |
|
|
|
|
Country : |
Mozambique |
|
|
|
|
Date of Incorporation : |
25.5.2001 |
|
|
|
|
Com. Reg. No.: |
15548 Mozambique |
|
|
|
|
Legal Form : |
Limited Liability Company, Limited by Shares |
|
|
|
|
Line of Business : |
Farming Activities |
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
NKOMATI FARMING LDA
Principal Address
Bloc Pae, Sabie , Mozambique
Telephone: +258-82-0748800
Fax: +258-82-0748800
Email: None
Internet: none
Established
25/5/2001
Registration
No. 15548 Mozambique
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
80
Office & Factories
Head offices Bloc Pae, Sabie , Maputo, Mozambique
Branches None
Company Profile
Paid in Capital MZM. 200,000
Subscribed Capital MZM. 200,000
Shareholders
Name Position Amount Ratio
Mr. Johannes
Mattheus Wessels CEO 100.00%
Mr. Jan Jacobus
Adriaan Van Staden Director
Mr. Christo
Claassen Director
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 50,000 is recommendable
Affiliated Companies
None
Management/ Directors
President/ CEO (1)
Name Mr. Johannes Mattheus Wessels
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr.
Jan Jacobus Adriaan Van Staden
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
Farming Activities
Terms of payment
Buying terms 20%
in cash, 80% on credit
Selling terms 50% in cash, 50% on credit
Suppliers
Other
Farms
Customers
Distributors, stores and
outlets
Recent Sales
MZM.
26,500,000,000 (2007)
Exports
Europe
Export Ratio
40.0%
Import Ratio
40.0%
Domestic Market Share
20.0%
Banking relationship
Main Banks MCB 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.
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%)