MIRA
INFORM REPORT
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Report Date : |
13.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
G4S MOZAMBIQUE |
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Registered Office : |
AV Balyly No. 61, Maputo |
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Country : |
Mozambique |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
06.12.1992 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Wholesaling and Retailing
of Subject provides all services relating to
security such as providing Burglarly
Alarm Systems, Security Lighting, Electric Fencing, Fire Alarm Systems and
allied services |
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 100,000 |
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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: G4S MOZAMBIQUE
Requested Name: G4S
MOZAMBIQUE
Other Names: GROUP FOUR SECURITY
ADDRESS AND TELECOMMUNICATION
Physical Address: AV Balyly No. 61, Maputo, Mozambique
Postal Address: Rua A. W. Bayly No. 6, Polana,
Maputo,
Country: Mozambique
Phone: 258-21-495545/9
Fax: 258-21-495502
Email: info@mz.g4s.com
Website: www.g4s.com
CREDIT OPINION
Financial Index as of December 2007 shows subject firm
with a medium risk of credit. We recommend Credit of USD 100,000 on 90 days.
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 6-Dec-92
Reg. Number: 434758
Nominal Capital MZM. 500,000,000
Subscribed Capital MZM. 500,000,000
Subscribed
Capital is Subscribed in the following form:
Position Shares
Mr.
Debbie McGrath MD/ CEO
Mr.
Edmond Van Tongeren Director
Mr.
Joyce. Van Tongeren Director
Mr.
Nighat Shain Bhatti
G4S
holdings, Uk Holding Company 100%
RELATED COMPANIES
G4S holdings Parent company.
None Subsidiary company.
Alfa-Seguranca -50%
SSL -50% Affiliated company.
None Shareholder of subject firm.
9 branches in mozambique Branches of the firm
OPERATIONS
Registered to operate wholesaling and retailing of Subject
provides all services relating to
security such as providing
Burglarly Alarm Systems, Security Lighting, Electric Fencing, Fire Alarm
Systems and allied services.
Imports: Europe
and Asia
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 30 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 8700
employees.
Vehicles: Several
motor vehicles.
Territory of sales: Mozambique
Location: Owned
premises, 50.000 square feet,
AUDITORS AND INSURANCE
Auditors: Information not available.
Insurance Brokers: Information not available.
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 Not Submitted
Profit and Loss (expressed in Rs.)
2007
Sales 45,000,000,000
Net Profit (Loss) 1,900,000,000
BANK
Bank Name: STANDARD BANK
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.49.46 |
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UK Pound |
1 |
Rs.73.17 |
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Euro |
1 |
Rs.62.96 |
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%)