MIRA
INFORM REPORT
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Report Date : |
14.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
APPLIED TECHNOLOGY LTD |
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Registered Office : |
P.O Box 33421,Dar Es Salaam |
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Country : |
Tanzania |
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Date of Incorporation : |
28.6.2003 |
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Com. Reg. No.: |
71321 Dar Es Salaam, Tanzania |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
General Merchants for Telephones, Mobile Communication Equipment, etc |
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 60,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
APPLIED TECHNOLOGY LTD
Principal Address
P.o Box 33421,Dar Es Salaam, Tanzania
Telephone: +255-22-2700174/ 158/
+255-754619443
Fax: +255-22-2700797
Email: None
Internet: None
Established
28/6/2003
Registration
No. 71321 Dar
Es Salaam, Tanzania
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
30
Office & Factories
Head offices 54 Urisno Street, Regent Estate, Dar Es
Salaam, Tanzania
Branches None
Company Profile
Paid in Capital TZS. 1,000,000
Subscribed Capital TZS. 1,000,000
Shareholders
Name Position Amount
Ratio
Mr. Jesus
Pelaz Director 50.00%
Mrs A D Pelaz Director 50.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 60,000 is recommendable
Affiliated Companies
Company (1) Aleria Enterprises
Management/ Directors
President/ CEO (1)
Name Mr. Jesus Pelaz
Remarks Top
Decision Maker
President/ CEO (2)
Name Mrs A D Pelaz
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
General merchants
for Telephones, mobile Communication equipment, etc
Terms of payment
Buying
terms 30% in cash, 70% on 60 day
credit
Selling terms 50% in cash, 50% on credit
Suppliers
Various
Customers
Companies and industries
Recent Sales
TZS.
868,000,000 (2007)
Exports
None
Export Ratio
0.0%
Import Ratio
40.0%
Domestic Market Share
40.0%
Banking relationship
Main Banks CRDB Bank
Barclays
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 60,000 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%)