MIRA
INFORM REPORT
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Report Date : |
05.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
RONIC AUTO LDA |
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Registered Office : |
AV Eduardo Mond Lane No. 2205 Maputo |
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Country : |
Mozambique |
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Date of Incorporation : |
21/6/1995 |
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Com. Reg. No.: |
No. 243478 Maputo
Mozambique |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Distributors of
Automobiles, Spares & Accessories |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 80,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
RONIC AUTO LDA
Actual Name
RONIL AUTO LDA
Principal Address
AV Eduardo Mond Lane No. 2205 Maputo
Mozambique
Telephone: +268-21-321300/ 427841/ 328995/
322355
Fax:
+268-21-324577
Email:
dalilat@ronil-auto.com
Internet:
www.ronil-auto.com
Established
21/6/1995
Registration
No. 243478 Maputo
Mozambique
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
150
Office & Factories
Head offices AV Eduardo Mond Lane No. 2205 Maputo
Mozambique
Branches 3 branches
Company Profile
Paid in Capital MZM. 10,000,000
Subscribed Capital MZM. 10,000,000
Shareholders
Name Position Amount
Ratio
Mr. D
Tsihlakis Director 15.00%
Mr. M Craig Director 15.00%
Other Shareholders Shareholders 70.00%
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 Mr. D Tsihlakis
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr. M Craig
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
Automobiles, Spares & Accessories
Terms of payment
Buying
terms 30% in cash, 70% on Terms
Selling terms 50% in cash/ Finance, 50%
on credit
Suppliers
Nissan
Customers
Local companies , public
etc
Recent Sales
MZM.
48,000,000,000 (2007)
Exports
None
Export Ratio
0.0%
Import Ratio
50.0%
Domestic Market Share
20.0%
Banking relationship
Main Banks
ABC Bank,
Austral 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 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%)