MIRA INFORM
REPORT
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Report Date : |
31.01.2011 |
IDENTIFICATION DETAILS
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Name : |
MOHAMMED ENTERPRISES TANZANIA LTD. |
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Registered Office : |
7th Floor, |
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Country : |
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Date of Incorporation : |
24.02.1988 |
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Com. Reg. No.: |
14879 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Import and export of general merchandise such as food products, hardware materials, textiles 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 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
|
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: MOHAMMED ENTERPRISES TANZANIA LTD.
Requested Name: MOHAMMED
ENTERPRISES TANZANIA LTD.
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address: 7th
Floor,
Postal Address: P.o
Country:
Phone: 255-22-2122837/ 819/ 830/ 854
Fax: 255-22-2122843
Email: info@metl.net
Website: www metl.net
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: 24/02/1988
Reg. Number: 14879
Nominal Capital TZS. 300,000,000
Subscribed Capital TZS. 300,000,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. Gulamabbas
Hassanali F.Dewji Director
Mrs. Zubeida
Gulamabbas Director
Mr. Hussein Dewji Director
Mr. Vijay Raghvan Director
RELATED COMPANIES
None Parent company.
None Subsidiary company.
21st Century Food &
Packaging Ltd
21st Century Textiles Ltd
A One Products and Bottlers
Ltd
Afritex Limited
Agro Processing &
Allied Products Ltd
East Coast Liquid Storage
Ltd
Mohammed Enterprises
Tanzania Ltd
New Tradeco Industries
[2000] Ltd
Tpm (1998) Ltd
Tradeco Soap Industries Ltd Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
OPERATIONS
Registered to operate Import and export of general merchandise such as
food products, hardware materials, textiles etc
Imports:
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 30 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 900
employees.
Vehicles: Several
motor vehicles.
Territory of
sales:
Location: Rented
premises, 50.000 square feet,
AUDITORS AND INSURANCE
Auditors: M/s
Shabrila & Co.
Insurance Brokers: AIG
FINANCE
Currency Reported:
Approx. Ex. Rate: 1 US Dollar = 1300
Fiscal
Year End: December 31, 2010
Inflation: According to
information given by independent sources, the
inflation
at December 31st, 2010 was of 13%.
Financial Information
Submitted
TZS.
Profit and Loss (expressed in TZS.)
2010
Sales TZS. 36,500,000,000
BANK
Bank Name: CRDB Bank,
Branch:
Bank Code: Code
-C which means good for normal Business Engagements
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.74 |
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1 |
Rs.72.73 |
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Euro |
1 |
Rs.62.73 |
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 |
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.