MIRA INFORM REPORT
|
Report Date : |
05.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TECNICA INDUSTRIAL |
|
|
|
|
Registered Office : |
P.O Box 1621 Avenida Samora Machel 47 Maputo |
|
|
|
|
Country : |
Mozambique |
|
|
|
|
Date of Incorporation : |
02.01.1988 |
|
|
|
|
Com. Reg. No.: |
No. 19060 Maputo, Mozambique |
|
|
|
|
Legal Form : |
Limited
Liability Company, Limited by shares |
|
|
|
|
Line of Business : |
Retailers of
agricultural Motor vehicles & tractors, i.e Mazda and Ford etc |
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 300,000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
COMPANY REPORTED
TECNICA INDUSTRIAL
Principal Address
P.O Box 1621 Avenida Samora Machel 47 Maputo, Mozambique
Telephone: +258-823015880/21428415/21466465/21465196
Fax: +258-21428077/21465439/21320127/ 2146609
Email: tildc@tropical.co.mz,
sircamal@tropical.co.mz
Internet: www.tropical.co.mz
Established
02/01/1988
Registration
No. 19060 Maputo, Mozambique
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
140
Office & Factories
Head offices AV 24 De Julho Nr 2893 Maputo, Mozambique
Branches Nampula, Sofala
Company Profile
Paid in Capital MZM. 100,000,000
Subscribed Capital MZM. 100,000,000
Shareholders
Name Position Amount
Ratio
Mr. Fernandos Urgel Antunes CEO 20.00%
Mr. D Manuel Director 20.00%
Mr. F Carvalho Director 20.00%
Mr. S Harrer Director 20.00%
Other Shareholder Shareholders 20.00%
Total 100.00%
Credit Opinion
Our proposed
credit amount of USD 300,000 is recommendable
Affiliated Companies
None
Management/ Directors
President/ CEO (1)
Name Mr. Fernandos Urgel Antunes
Remarks Top Decision Maker
President/ CEO (2)
Name Mr. D Manuel
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
Retailers of
agricultural Motor vehicles & tractors, i.e Mazda and Ford etc
Terms of payment
Buying
terms 30%
in cash, 70% on credit
Selling terms 80%
in cash, 20% on credit
Suppliers
Ford, Mazda,
New Holland
Customers
Local
Companies, farmers and individuals
Recent Sales
MZM 450,000,000,000
Exports
None
Export Ratio
0.0%
Import Ratio
70.0%
Domestic Market Share
40.0%
Banking relationship
Main
Banks BIC Mozambique 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 300,000 outstanding at any one time.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.26 |
|
UK Pound |
1 |
Rs.79.19 |
|
Euro |
1 |
Rs.64.42 |
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%)