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MIRA INFORM
REPORT
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Report Date : |
03.01.2011 |
IDENTIFICATION DETAILS
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Name : |
TRANSPAPER (T) LTD |
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Registered Office : |
Plot 159 Saza road, Chang'ombe, |
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Country : |
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Date of Incorporation : |
10.05.2002 |
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Com. Reg. No.: |
51404 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
manufacturers and
distribution of Paper, Paper
Products and printing services |
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
50,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUBJECT'S NAME
Registered Name: TRANSPAPER (T) LTD
Requested Name: TRANSPAPER
(T) LTD
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address: Plot
159 Saza road, Chang'ombe,
Postal Address:
Country:
Phone: +255-22-2860477/2860479/2860480/2232834
Fax: +255-22-2860479
Email: ram@transpaper.co.tz
Website: www.kensta.com
CREDIT OPINION
Financial
Index as of December 2009 shows subject firm with a medium risk of credit. We recommend
Credit of USD 50,000 on 90 days.
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 10/5/2002
Reg. Number: 51404
Nominal Capital TZS. 10,000,000
Subscribed Capital TZS. 10,000,000
Subscribed
Capital is Subscribed in the following form:
Position Shares
Mr. Anoop Shah Director
Ms Shilpa Haria Director
Mr. Vimal Shah Director
Mr. Priyesh Shah Director
Mr. Ram Kumar Director
RELATED COMPANIES
Kenya Stationery
Ltd Parent company.
None Subsidiary company.
TRANSPAPER
TRANSPAPER
EXPRESS AUTOMATION
KENNAT Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
OPERATIONS
Registered to operate as manufacturers and distribution of Paper, Paper
Products and printing services
Imports:
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 30 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 60
employees.
Vehicles: Several
motor vehicles.
Territory of
sales:
Location: Owned
premises, 5.000 square feet,
AUDITORS AND INSURANCE
Auditors: Information not available.
Insurance Brokers: Information not available.
FINANCE
Currency Reported: Tanzanian Shillings
(TZS.)
Approx. Ex. Rate: 1 US Dollar = 1300 Tanzanian Shillings
Fiscal Year End: December
31, 2009
Inflation: According
to information given by independent sources, the inflation at December
31st, 2009 was of 13%.
Financial
Information Submitted
TZS
Profit and Loss (expressed in KES.)
2009
Sales 6,450,000,000
BANK
Bank Name: Standard
Bank
Branch:
Comments: None
TRADE
REFERENCES
Experiences: Good
NOTARIAL
BONDS
None
COMMENTS / ADDITIONAL INFORMATION
This information was obtained from outside sources other than the
subject company itself and confirmed the above subject.
OREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.81 |
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|
1 |
Rs.59.81 |
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Euro |
1 |
Rs.69.29 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.