MIRA
INFORM REPORT
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Report Date : |
13.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
ENTEX LDA |
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Registered Office : |
Av Tauzania U 21/RC
Maputo |
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Country : |
Mozambique |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
16.06.2004 |
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Com. Reg. No.: |
943169 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
General Merchants and
Traders |
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 20,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
SUBJECT'S NAME
Registered Name: ENTEX LDA
Requested Name: EUPEX
LDA
Other Names: None found.
ADDRESS AND TELECOMMUNICATION
Physical Address: Av Tauzania U 21/RC Maputo, Mozambique
Postal Address: P.o Box 311
Maputo,
Country: Mozambique
Phone: 258-21-401987
Fax: 258-21-401987
Email: dibraimo@tvcabo.co.mz
Website: None
CREDIT OPINION & RISK RATING
ASSESSMENT
Financial Index as of December 2007 shows subject firm
with a medium risk of credit. We recommend Credit of USD 20,000 on 90 days.
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 16-Jun-2004
Reg. Number: 943169
Nominal Capital MZM. 50,000,000
Paid Up Capital MZM. 50,000,000
Subscribed Capital
is Subscribed in the following form:
Position Shares
Mr. N
Mauru MD/ CEO
Mr. P
Mauru Director
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 as general Merchants and traders
Imports: None
Exports: None
Trademarks: None
Terms of sale: Cash
(90%) and 30 days (10%), invoices.
Main Customers: firms
and organizations
Employees: 20
employees.
Vehicles: Several
motor vehicles.
Territory of sales: Mozambique
Location: Rented
premises, 300 square feet,
AUDITORS AND INSURANCE
Auditors: Information not available.
Insurance Brokers: Tausi
Assurance
FINANCE
Currency Reported: Mozambique
Metical’s
Approx. Ex. Rate: 1 US Dollar = 24,000 Mozambique Metical’s
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 Submitted
Profit and Loss (expressed in MZM.)
2007
Sales 18,000,000,000
BANK
Bank Name: BCI
Comments: None
TRADE
REFERENCES
Experiences: Good
NOTARIAL BONDS None
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.48.79 |
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UK Pound |
1 |
Rs.75.41 |
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Euro |
1 |
Rs.61.48 |
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%)