MIRA
INFORM REPORT
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Report Date : |
05.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
TEDSKOR COMPANY
LTD |
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Registered Office : |
P.o Box 60097 Dar Es Salaam |
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Country : |
Tanzania |
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Date of Incorporation : |
29.08.1997 |
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Com. Reg. No.: |
59399 Dar Es Salaam, Tanzania |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Distributors of Pumps, Equipments 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 50,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
TEDSKOR COMPANY LTD
Principal Address
P.o Box 60097 Dar Es Salaam, Tanzania
Telephone: +255-22-265060/1
Fax: +255-22-265060
Email: None
Internet: None
Established
29/08/1997
Registration
No. 59399 Dar Es
Salaam, Tanzania
PIN NUMBER
0132564
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
40
Office & Factories
Head offices Pemacco building, Mbezi beach industrial
area, New Bagamoyo road
Branches None
Company Profile
Paid in Capital TZS. 10,000,000
Subscribed Capital TZS. 10,000,000
Shareholders
Name Position Amount
Ratio
Mr. Jeremy Hawson CEO 40.00%
Mr. Shabbir
Mohamed Director 20.00%
Mr. Tadeusz Skora Director 20.00%
Mr. Lameck Hiliyai Director 20.00%
Total 100.00%
Credit Opinion
Our proposed
credit amount of USD 50,000 is recommendable
Affiliated Companies
None
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. Jeremy Hawson |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mr. Shabbir Mohamed |
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
pumps, equipments etc
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 50% in cash, 50% on credit
Suppliers
SKF
Customers
Local agencies , stores and
outlets
Recent Sales
TZS. 268,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
20.0%
Domestic Market Share
30.0%
Banking relationship
Main Banks National Bank
Standard
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.43 |
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UK Pound |
1 |
Rs.84.54 |
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Euro |
1 |
Rs.65.91 |
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%)