MIRA
INFORM REPORT
|
Report Date : |
22.10.2008 |
IDENTIFICATION DETAILS
|
Name : |
CAPITAL STAR STEEL PTY LTD |
|
|
|
|
Registered Office : |
Beluluane Industrial Park Matole- Boane District |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
06.08.1993 |
|
|
|
|
Com. Reg. No.: |
1484-79 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Investment of Construction of Steel Projects. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1,850,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Company
Name
Capital Star Steel Pty Ltd
Company acronym:
CSS
Contact Information
|
Address |
Beluluane Industrial Park Matole- Boane District Mozambique |
|
Postal Address |
- |
|
Telephone |
- |
|
Fax |
- |
|
Email |
- |
|
Website |
- |
|
Other Information |
|
Registration Data
|
Date of Registration |
06/08/1993 |
|
Registration number |
1484-79 |
|
Legal address |
Beluluane Industrial Park Matole- Boane District Mozambique |
|
Legal Form |
Private Limited Company |
|
Share Capital |
140,000,000,000.00 MZM |
|
Other Registration Data |
- |
Shareholders
with Shares
It declined all
shareholder information.
Board/Executive
|
Name |
Mr. Kenny van Rooyen |
|
Position within the company |
CEO |
|
Country of Birth |
Mozambique |
|
Nationality |
Mozambican |
|
Can fluently speak |
Portuguese |
|
Name |
Mr. Tobias Guebuza |
|
Position within the company |
Director |
|
Country of Birth |
Mozambique |
|
Nationality |
Mozambican |
|
Can fluently speak |
Portuguese |
Changes in
Registration Data
None recorded
Activities (
realistic and officials)
The subject is involved in investment of construction of steel projects.
Staff
|
Number of staff employed |
17 |
Export/Import
( Countries,
goods and total values for the period)
|
Imports From |
- |
|
Importing Terms |
- |
|
Import % and type of product |
- |
|
Exports To |
- |
|
Exporting Terms |
- |
|
Export % and type of product |
- |
Facilities
|
Owned |
Office, Warehouse |
|
Premises Size |
- |
Subsidiaries
and Participation
|
Parent Company |
- |
|
Subsidiaries |
- |
|
Affiliates |
- |
Branches
|
Address |
- |
Bankers
|
Bank |
African Development Bank |
|
Branch |
- |
|
Address |
- |
|
Telephone |
- |
Suppliers,
Partners
|
Suppliers |
Not known |
|
Partners |
Not Known |
Litigation,
Remarks on Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Financial
Information
It declined all financial information.
Representation
|
Auditors |
- |
|
Solicitors |
- |
Reporter Comments
|
Comments |
Note: The telephone
number which you provided is not accurate one, it is unobtainable, we
couldn't find the alternative telephone number of company via Chamber of Commerce,
Internet Search. There is the telephone
number which you provided in Chamber of Commerce too. Note: The above report
collected via Chamber of Commerce of Mozambique |
|
Local Reputation |
The company being investigated is believed by local reporters to be a Medium Trade Risk and to be
fair. The company is known on Mozambique market. |
|
Owner/Shareholders Comments |
Some of the owners / shareholders have an active participation in
the running of the business. |
|
Age of Business |
Old Business |
|
MAX CREDIT |
USD 1,850,000 |
NEWS
|
Source |
Mozambique Business Center |
|
Article |
Consortium
with South African, Chinese and Mozambican capital
invests in steel plant outside Maputo
Capital Star Steel (CSS), a consortium with South African,
Chinese and Mozambican capital has invested US$44 million in the construction of a steel pipe mill
at Beluluane Industrial Park-Free Zone 16 kilometers outside Maputo, the
Notícias newspaper reported Friday. The factory should begin producing steel pipes and
tubes at the end of the year or in early 2009. Kenny van Rooyen,
Managing Director of CSS, said “our strategic direction is to be the
preferred, accredited supplier of bare and coated large bore steel pipe to
value-adding customers in the Oil, Gas, Water and Construction industries.”
The company has already secured markets in Africa and the United States
linked to the industry of transporting petroleum and natural gas
derivatives. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.29 |
|
UK Pound |
1 |
Rs.80.40 |
|
Euro |
1 |
Rs.63.35 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)