MIRA
INFORM REPORT
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Report Date : |
02.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
AFRICAN OXYGEN ANGOLA LIMITED |
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Registered Office : |
Rua Talazowa CS4, Talazowa |
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Country : |
Angola |
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Date of Incorporation : |
1.9.2001 |
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Com. Reg. No.: |
190189 Angola |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Manufacturers and Distributors of Industrial and Medical Gases etc |
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 120,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
AFROX ANGOLA
REGISTERED NAME
AFRICAN OXYGEN ANGOLA LIMITED
Principal Address
Rua Talazowa CS4, Talazowa Angola
Telephone: +244-222-460313/ 015/242
Fax: +244-222-460015
Email: info@afroxangola.com
Internet: www.afroxangola.com
Established
1/9/2001
Registration
No. 190189 Angola
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
3200
Office & Factories
Head offices 4/J Bº Talatona, Luanda, Angola
Branches None
Company Profile
Paid in Capital AON. 1,000,000
Subscribed Capital AON. 1,000,000
Shareholders
Name Position Amount
Ratio
Mr. Kent Masters Chairman
Mr. Rick Hogben Manager Director
Mr. Rob Clarke Director
Boc Group Holding Co. 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 120,000 is recommendable
Affiliated Companies
Company (1) AFRICAN GAS
LIMITED SOUTH AFRICA
Company (2) AFRICAN GAS
LIMITED TANZANIA
Management/ Directors
President/ CEO (1)
Name Mr. Kent Masters
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr.
Rick Hogben
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
& Distributors of Industrial & Medical Gases etc
Terms of payment
Buying
terms 30% in cash, 70% on credit
Selling terms 50% in cash, 50% on credit
Suppliers
None
Customers
Medical & Industrial
Companies
Recent Sales
AON.
500,000,000 (2007)
Exports
None
Export Ratio
0.0%
Import Ratio
70.0%
Domestic Market Share
20.0%
Banking relationship
Main Banks 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 120,000 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%)