MIRA
INFORM REPORT
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Report Date : |
11.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
C A COMPUTER ACCESSORIES LDA |
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Registered Office : |
AV Julius Nyerere 915 Sobreloja Maputo |
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Country : |
Mozambique |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
01.03.1995 |
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Com. Reg. No.: |
985076 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Retailers of Computers, Computer
Accessories and Providers of Network Related Solution and Outsourcing
Services |
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 20,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUBJECT'S NAME
Registered Name: C A COMPUTER ACCESSORIES LDA
Requested Name: C
A COMPUTER
Other Names: None found.
ADDRESS AND TELECOMMUNICATION
Physical Address: AV
Julius Nyerere 915 Sobreloja Maputo, Mozambique
Postal Address: AV
Julius Nyerere 915 Sobreloja
Maputo
Country: Mozambique
Phone: 258-21-494017/488861/488862/
Fax: 258-21-491052
Email: canet@tvcabo.co.mz
Website: www.caltd.co.mz
CREDIT OPINION & RISK RATING
ASSESSMENT
Financial Index as of December 2007 shows subject firm
with a medium risk of credit. However, bank and credit information obtained
reveal a history of prompt payments. We recommend Credit of USD 20,000 on 90
days.
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 1-Mar-1995
Reg. Number: 985076
Nominal Capital MZN 10,000,000
Paid Up Capital MZN 10,000,000
Subscribed
Capital is Subscribed in the following form:
Position Shares
Mr.
Dilip Samji MD 50%
Mr. H
P Shah Director 50%
RELATED COMPANIES
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
OPERATIONS
Registered to operate retailers of computers, computer
accessories and providers of network related solution and outsourcing services
Imports: None
Exports: None
Trademarks: None
Terms of sale: Cash (60%) and 30
days (40%), invoices.
Main Customers: Individuals,
educational institutions
Employees: 20
employees.
Vehicles: 2
motor vehicles.
Territory of sales: Mozambique
Location: Rented
premises, 1.000 square feet,
AUDITORS AND INSURANCE
Auditors: Information not available.
Insurance Brokers: Information not available.
FINANCE
Currency Reported: New Mozambican Metical (MZN)
Approx. Ex. Rate: 1 US Dollar = 24000 New Mozambican Metical
Fiscal Year End: December 31, 2007
Inflation: According to
information given by independent sources, the inflation at December 31st,
2007 was of 13%.
Financial Information Not Submitted
2007
Sales 45,000,000,000
BANK
Bank Name: STANDARD MAPUTO
Branch: Maputo, Mozambique
Account Number: 11313950510107
Enquiry Amount: 40,000
Terms: 90 days
Bank Code: Code
-C which means good for normal Business Engagements
Comments: Overdraft None, Promissory notes- None
TRADE
REFERENCES
Experiences: Good
NOTARIAL BONDS None
CHECK
INSOLVENCIES
The checks have been
made on: The company
and managers
PROTESTS
AND NEGATIVE ELEMENTS
The company and the following officers Mr. Dilip Samji, have been checked at the
Registries of companies and with the judicial local facilities.
PROTESTS RECORDED
No protests in the name of the company and its
officers, No protests on the associated concerns, No protests on shareholders/partners,
Check on Prejudicial Events as per Commercial Court office
NEGATIVE ELEMENTS
Researches effected
concerning possible prejudicial events
in the name of the company
revealed: No negative elements since 01/01/2000
Date of the check on protests and prejudicial events:
7/11/2008
COMMENTS / ADDITIONAL INFORMATION
This information was obtained from outside sources
other than the subject company itself and confirmed the above subject.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.59 |
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UK Pound |
1 |
Rs.74.55 |
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Euro |
1 |
Rs.60.57 |
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%)