MIRA
INFORM REPORT
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Report Date : |
12.01.2011 |
IDENTIFICATION DETAILS
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Name : |
S M FOOD BEVERAGE LTD. |
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Registered Office : |
Plot |
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Country : |
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Date of Incorporation : |
14.12.2009 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
The company is registered to act a General Trader, dealing in various items, food products, etc, but the company is dealing in Textiles and Fabrics |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 40,000 |
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Status : |
Moderate |
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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: S M FOOD BEVERAGE LTD
Requested Name: S M FOOD
BEVERAGE LTD
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address: Plot
Postal Address: P.o
Country:
Phone: 255-22-2135068/9
Fax: 255-22-213278
Email: gd@metl.icstz.com
Website: none
CREDIT OPINION
Financial Index as of December 2009 shows subject firm
with a High risk of credit. However, Group credit information obtained reveal a
history of prompt payments. We recommend Credit of USD 40,000 on 90 days.
LEGAL data
Legal Form: Limited Corporation
Date Incorporated: 14 Dec 2009
Reg. Number:
Nominal Capital TZS. 10,000,000
Subscribed Capital TZS. 10,000,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. Mohammed G. Dewji MD/ CEO
Mr. Sudesh
Maheshwari Director
Mr.
Mohammed G. Dewji Director
Mr.
Gulamabbas H. Dewji Director
Mohammed Enterprises
RELATED COMPANIES
Mohammed Enterprises
Tanzania Ltd Parent company.
None Subsidiary company.
Attached list Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
OPERATIONS
The company is registered to act a General Trader, dealing in various items, food
products, etc, but the company is dealing in Textiles and Fabrics
Imports: Tiles
and materials from
Exports: None
Trademarks: None
Terms
of sale: Cash
(40%) and 30 days (60%), invoices.
Main
Customers: firms
and organizations
Employees: 40
employees.
Vehicles: Several
motor vehicles.
Territory
of sales:
Location: Rented
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 = 1378.67 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 Not Submitted
TZS.
Profit and Loss (expressed in TZS.)
2010
Sales Projected
2,500,000,000
BANK
Bank Name: CRDB 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.
Affiliated Companies
· AFRITEX LTD
· 21ST CENTURY FOOD AND PACKAGING LTD
· 21ST CENTURY HOLDINGS LTD
· AGRO-PROCESSING AND ALLIED PRODUCTS LTD
· A-ONE PRODUCTS AND BOTTLERS LTD
· EAST COAST LIQUID STORAGE LTD
· EAST COAST OILS AND FATS LTD
· MO CASHEWS LTD
· NATIONAL BICYCLES COMPANY LTD
· NEW TRADECO INDUSTRIES [2000] LTD
· STAR OILS LTD
·
· TPM (1998) LTD
· TRADECO SOAP INDUSTRIES LTD
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.32 |
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1 |
Rs.70.54 |
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Euro |
1 |
Rs.58.70 |
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.