MIRA
INFORM REPORT
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Report Date : |
27.10.2008 |
IDENTIFICATION DETAILS
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Name : |
HERCULES EQUIPMENTS HIRE LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
24.07.2001 |
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Com. Reg. No.: |
5621/70 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Retailer of Hire and Rental of Materials Handling Machinery and Equipment |
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 4,000.00 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
Hercules Equipments Hire Ltd
Company acronym: -
Contact Information
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Address |
18 Kantanta Street, Nkana East Kitwe, Zambia |
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Postal Address |
P O BOX 20277 Kitwe Zambia |
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Telephone |
- |
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Fax |
- |
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Email |
- |
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Website |
- |
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Other Information |
- |
Registration Data
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Date of Registration |
24/07/2001 |
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Registration number |
5621/70 |
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Legal address |
18 Kantanta Street, Nkana East Kitwe, Zambia |
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Legal Form |
Limited Liability Company |
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Share Capital |
35,480,000.00 ZMK |
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Other Registration Data |
- |
Shareholders
with Shares
Board/Executive
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Name |
Mr. Peter Banda |
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Position within the company |
Director |
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Country of Birth |
Zambia |
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Nationality |
Zambian |
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Can fluently speak |
English |
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Name |
Mr. Lazarous Mulembe |
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Position within the company |
Chairman |
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Country of Birth |
Zambia |
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Nationality |
Zambian |
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Can fluently speak |
English |
Changes in
Registration Data
None recorded
Activities (
realistic and officials)
The subject is involved
in retailer of Hire and rental of materials handling machinery and equipment.
Staff
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Number of staff employed |
8 |
Export/Import
( Countries, goods and total values for the period)
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Imports From |
Germany, Finland |
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Importing Terms |
Letters of Credit |
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Import % and type of product |
40% - Finished Products |
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Exports To |
- |
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Exporting Terms |
- |
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Export % and type of product |
- |
Facilities
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Rented |
Office, Warehouse |
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Premises Size |
- |
Subsidiaries
and Participation
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Parent Company |
- |
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Subsidiaries |
- |
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Affiliates |
- |
Branches
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Address |
- |
Bankers
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Bank |
Development Bank of Zambia |
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Branch |
- |
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Address |
- |
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Telephone |
- |
Suppliers,
Partners
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Suppliers |
Not known |
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Agencies |
- |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
It declined all financial information.
Representation
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Auditors |
- |
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Solicitors |
- |
Reporter Comments
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Comments |
The above information are based on Zambia Chamber
of Commerce. Note: The telephone number which you provided is
not accurate one, it is wrong number. We couldn't find the alternative number
via Chamber of Commerce, Internet Search and Zambia Telecommunication Center. We couldn't conduct an interview with the
subject, and we obtained the report based on the Zambia Chamber of Commerce. |
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Local Reputation |
The company being investigated is believed by local reporters to be a High Trade Risk and to be
secured. |
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Owner/Shareholders Comments |
All or most of the owners / shareholders have an active participation in
the running of the business. |
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Age of Business |
Old Business |
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MAX CREDIT |
USD 4,000.00 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.77 |
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UK Pound |
1 |
Rs.79.78 |
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Euro |
1 |
Rs.63.36 |
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%)