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MIRA INFORM
REPORT
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Report Date : |
18.07.2011 |
IDENTIFICATION DETAILS
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Name : |
SALEEM ALI (IT IS A FIRM) |
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Registered Office : |
Rua Luis Inacio,
Beira |
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Country : |
Mozambique |
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Year of Establishment : |
2001 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
dealers in general
merchandise such as food products, Stationary etc |
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 30,000 |
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Status : |
Small Concern |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Mozambique |
c1 |
C1 |
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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 |
Bottom of Form
SUBJECT'S NAME
Registered Name: SALEEM ALI (IT IS A FIRM)
Requested Name: SALEEM
ALI (IT IS A FIRM)
Other Names: SALEEM
ALI
ADDRESS AND TELECOMMUNICATION
Physical Address: Rua
Luis Inacio, Beira
Postal Address: Rua
Luis Inacio, Beira
Beira
Country: Mozambique
Phone: 258-829449400
Fax: 258-829449400
Email: vishalmoz04@yahoo.com
Attn. Saleem Ali
Website: None
CREDIT OPINION
Financial
Index as of December 2010shows subject firm with a medium risk of credit.
However, bank and credit information obtained reveal a history of prompt
payments. We recommend Credit of USD 30,000 on 90 days.
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 2001- 7 years
Reg. Number: Mozambique
Nominal Capital MZM. 1,000,000
Subscribed Capital MZM. 1,000,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Saleem Ali MD
Vishal Ali Director
RELATED COMPANIES
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
OPERATIONS
Registered to operate as dealers in general merchandise such as food
products, Stationary etc
Imports: Asia, China,
Middle East
Exports: None
Trademarks: None
Terms
of sale: Cash (40%) and
25-90 days (60%), invoices.
Main
Customers: firms and
organizations
Employees: 8 employees.
Vehicles: Several
motor vehicles.
Territory
of sales: Mozambique
Location: Rented
premises, 2.000 square feet,
AUDITORS AND INSURANCE
Auditors: Information not available.
Insurance
Brokers: Information not available.
FINANCE
Currency Reported: Mozambique Metical (MZM.)
Approx. Ex. Rate: 1 US Dollar = 29 Mozambique Metical
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 not Submitted
Profit and Loss
(expressed in MZM.)
2010
Sales 250,000,000
BANK
Bank Name: CRBD
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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.53 |
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UK Pound |
1 |
Rs.71.91 |
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Euro |
1 |
Rs.62.98 |
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.