MIRA
INFORM REPORT
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Report Date : |
16.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
KINGAMYAMBO MUSONI TAILINGS SARL |
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Registered Office : |
Villa Munau Rue Munau Quarter Du Golf
Commune De Lubambashi |
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Country : |
Democratic Republic of Congo |
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Date of Incorporation : |
15.03.2004 |
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Com. Reg. No.: |
61076 Congo |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Copper Mining |
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 90,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
KINGAMYAMBO MUSONI
TAILINGS SARL
Principal Address
Kolwezi Copper Complex Democratic republic of Congo
Telephone: +243-8360828
Fax: +243-8360828
Email: None
Internet: None
Established
15/03/2004
Registration
No. 61076 Congo
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
40
Office & Factories
Head offices Villa Munau Rue Munau Quarter Du Golf Commune
De Lubambashi
Branches None
Company Profile
Paid in Capital CDF. 100,000,000
Subscribed Capital CDF. 100,000,000
Shareholders
Name Position Amount Ratio
Mr. François
Colette President
Ministry of Mines
Congo Shareholder 5.00%
International
Finance Corporation Congo Shareholder 7.50%
International
Development Cooperation Shareholder 10.00%
Gecamines Shareholder 12.50%
First Quantum
Minerals Ltd Holding
Co. 65.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 90,000 is recommendable
Affiliated Companies
Company (1) SOCIETE D'EXPLOITATION DES MINES D'OR DE SADIOLA
(SEMOS SA)
Company (2) KISENGE MANGANESE
MINING ENTERPRISE
Company (3) SOCIETE MINIERE DE
KOLWEZI S.P.R.L.
Company (4) MUTOSHI COOPERATIVE
PROJECTS
Company (5) KAMOTO JOINT
VENTURE PROJECT
Company (6) SWANMINES S.P.R.L.
Company (7) RUASHI MINING
COMPANY S.P.R.L
Management/ Directors
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President/
CEO (1) |
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Name |
Mr.
François Colette |
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Remarks |
Top Decision Maker |
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
Copper Mining
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
Various
Customers
Affiliated companies,
Industries
Recent Sales
CDF. 2,800,000,000
(2007)
Exports
Europe, Asia,
America
Export Ratio
90.0%
Import Ratio
10.0%
Domestic Market Share
20.0%
Banking relationship
Main Banks BCA 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 90,000 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.46.63 |
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UK Pound |
1 |
Rs.83.76 |
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Euro |
1 |
Rs.66.49 |
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%)