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MIRA INFORM REPORT
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Report Date : |
05.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
ELECTRICAL MAINTENANCE (LUSAKA) LTD |
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Registered Office : |
P.O Box 31189, Lusaka, Zambia, 10101 |
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Country : |
Zambia |
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Date of Incorporation : |
24.06.1965 |
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Com. Reg. No.: |
No. 1520 Zambia |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Manufacturers,
Distributors & Retailers of electrical products and services etc |
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 : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
ELECTRICAL
MAINTENANCE (LUSAKA) LTD
Principal Address
P.o Box 31189, Lusaka, Zambia, 10101
Telephone: +260-1-227824/5/6/7/8
or 235366/7/8/9 or 235370
Fax: +260-1-226551/
237014
Email: mail@eml-eis.com
Internet: www.eml-eis.com
Established
24/6/1965
Registration
No. 1520 Zambia
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
80
Office & Factories
Head offices Plot 195 Luanshya Road, East End
,10101, Lusaka, Zambia
Branches Kitwe
Company Profile
Paid in Capital ZMK. 30,000,000
Subscribed Capital ZMK. 30,000,000
Shareholders
Name Position Amount
Ratio
Mr. George Narder CEO 50.00%
Mrs. Nives Narder Director 50.00%
Total 100.00%
Credit Opinion
Our proposed
credit amount of USD 100,000 is recommendable
Affiliated Companies
Company (1) ELECTRICAL
INSTRUMENTATION SERVICES LTD
Management/ Directors
President/ CEO (1)
Name Mr. George Narder
Remarks Top Decision Maker
President/ CEO (2)
Name Mrs. Nives Narder
Þ Top decision maker is the person
who has the ultimate authority or power to make important managerial decisions.
He/She may or may not be officially registered as a president or an executive
director.
Business Activities
Manufacturers, Distributors
& Retailers of electrical products and servicesetc
Terms of payment
Buying
terms 30%
in cash, 70% on credit
Selling terms 80%
in cash, 20% on credit
Suppliers
OSRAM, 3M, Bp,
HoneyWell, Siemens etc
Customers
Firms,
Distributors & Public
Recent Sales
ZMK. 69,000,000,000 (2007)
Exports
None
Export Ratio
0.0%
Import Ratio
70.0%
Domestic Market Share
40.0%
Banking relationship
Main Banks
Stanbic Bank
Credit Check of Subject,
President & CEO (as of report date)
Payment Morale: In the documents
at our disposal nothing adverse has been shown so far.
CREDIT RATING: Financial
situation is average.
COMMENTS
Maximum credit we recommend is USD 100,000 outstanding at any one time.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.26 |
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UK Pound |
1 |
Rs.79.19 |
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Euro |
1 |
Rs.64.42 |
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%)