MIRA
INFORM REPORT
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Report Date : |
19.11.2008 |
IDENTIFICATION DETAILS
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Name : |
DHL TANZANIA LTD |
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Registered Office : |
Plot 12D |
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Country : |
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Date of Incorporation : |
20.04.1992 |
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Com. Reg. No.: |
44620 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Providers of courier and
logistics 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 500,000 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUBJECT'S NAME
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Registered Name: |
DHL TANZANIA LTD |
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Requested Name: |
DHL TANZANIA LTD |
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Other Names: |
None found. |
ADDRESS AND TELECOMMUNICATION
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Physical Address: |
Plot 12D |
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Postal Address: |
P.o
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Country: |
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Phone: |
255-22-2861000/4 |
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Fax: |
255-22-2862703 |
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Email: |
enquiries@dhl.com |
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Website: |
www.dhl.co.tz |
CREDIT OPINION & RISK RATING
ASSESSMENT
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Financial Index as of
December 2007 shows subject firm with a medium risk of credit. We recommend
Credit of USD 500,000 on 90 days. |
LEGAL
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Legal Form: |
Limited Corporation |
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Date Incorporated: |
20-Apr-92 |
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Reg. Number: |
44620 |
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Nominal Capital |
TES
10,000,000 |
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Subscribed Capital |
TES
10,000,000 |
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Paid Up Capital |
TES
10,000,000 |
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Subscribed Capital is Subscribed in the following form: |
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Position |
Shares |
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Mr.
Sandi Webb |
MD/
CEO |
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Mr. Patrick
Ndaalio |
Finance
Director |
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Mr.
Samira Low |
Director |
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Mr.
Paul Lyimo |
Shareholder |
50 |
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Deutsche
Post World Net Group |
Shareholder |
50 |
RELATED COMPANIES
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DHL
International |
Parent company. |
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None |
Subsidiary company. |
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Various worldwide |
Affiliated company. |
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None |
Shareholder of subject
firm. |
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None |
Branches of the firm |
OPERATIONS
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Registered to operate
providers of courier and logistics services |
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Imports: |
Various countries Worldwide |
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Exports: |
Neighboring countries |
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Trademarks: |
None |
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Terms of sale: |
Cash (70%) and 30 days (30%), invoices. |
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Main Customers: |
Parastatals ,firms and organizations |
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Employees: |
300 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
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Location: |
Rented premises, 5.000 square feet, |
AUDITORS AND INSURANCE
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Auditors: |
Deloitte & Touché |
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Insurance Brokers: |
Information not available |
FINANCE
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Currency Reported: |
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Approx. Ex. Rate: |
1 US Dollar = 1243.7 |
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Fiscal Year End: |
December 31, 2007 |
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Inflation: |
According to information given by independent sources, the inflation
at December 31st, 2007 was of 13%. |
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Financial Information Not
Submitted |
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Profit and Loss
(expressed in TES) |
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2007 |
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Sales |
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4,450,000,000 |
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Net Profit (Loss) |
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600,000,000 |
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_______________________________________________________________________ |
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BANK
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Bank Name: |
CRDB
BANK |
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Comments: |
None |
TRADE
REFERENCES
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Experiences: |
Good |
NOTARIAL
BONDS
None
CHECK
INSOLVENCIES
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The
checks have been made on: |
The company and managers |
PROTESTS
AND NEGATIVE ELEMENTS
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The company and the
following officers Mr. Sandi Webb, Mr. Patrick Ndaalio, Mr. Samira Low Mr. Paul Lyimo have been
checked at the Registries of companies and with the judicial local
facilities. |
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PROTESTS RECORDED |
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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 |
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NEGATIVE ELEMENTS |
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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: 18/11/2008 |
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COMMENTS / ADDITIONAL INFORMATION
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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.50.03 |
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1 |
Rs.74.42 |
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Euro |
1 |
Rs.62.71 |
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%)