MIRA
INFORM REPORT
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Report Date : |
11.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
GUPTA AUTO SPARES & HARDWARES LTD |
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Registered Office : |
P. O Box No. 421 Arusha |
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Country : |
Tanzania |
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Date of Incorporation : |
02.02.1979 |
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Com. Reg. No.: |
6865 |
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Legal Form : |
Limited
Liability Company, Limited by Shares |
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Line of Business : |
Importers and
Distributors of Motor Vehicle Supplies, New Parts, and Spare Parts 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 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
GUPTA AUTO SPARES & HARDWARES LTD
Principal Address
P. O Box No. 421 Arusha, Tanzania
Telephone: +255-22-2114757/ 2114406
Fax: +255-22-2114406
Email: cml-nyote@intafrica.com
Internet: none
Established
02/02/1979
Registration
No. 6865 Arusha, Tanzania
Legal Form
limited Liability company,
Limited by shares
Stock Listing
Not Listed
Workforce
2007
60
Office & Factories
Head offices Plot No 14, Offensive Factory Area, Arusha, Tanzania
Branches Mwanza
Company Profile
Paid in Capital TZS. 200,000,000
Subscribed Capital TZS. 7,000,000
Shareholders
Name Position Amount Ratio
Mr. Sharmapal
Aggarwal CEO 3,500 50.00%
Mrs. Prem Aggarwal Director 3,500 50.00%
Total 7,000 100.00%
Credit Opinion
Our proposed credit amount of USD 80,000 is recommendable
Affiliated Companies
Company (1) COASTAL MILLERS LTD
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. Sharmapal Aggarwal |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mrs. Prem Aggarwal |
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
Importers and
distributors of Motor Vehicle Supplies, New Parts, & Spare Parts etc
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None
Customers
Local agencies, stores and
outlets
Recent Sales
TZS. 3,000,000,000
(2007)
Exports
None
Export Ratio 0.0%
Import Ratio 50.0%
Domestic Market Share 10.0%
Banking relationship
Main Banks NBC Bank Ltd
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.
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%)