MIRA INFORM
REPORT
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Report Date : |
06.06.2011 |
IDENTIFICATION DETAILS
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Name : |
S & S REFINARIAS DE OLEOS LDA |
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Registered Office : |
Zona Industrial I, Antiga
Socaju, Bairro Matola, Cidade |
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Country : |
Mozambique |
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Date of Incorporation : |
18.01.2008 |
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Com. Reg. No.: |
030102586W |
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Legal Form : |
Limited Corporation |
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Line of Business : |
manufacturers and Distributors of edible cooking oil, bar soaps and allied products 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 50,000 |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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
|
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 |
SUBJECT'S NAME
Registered Name: S & S REFINARIAS DE OLEOS LDA
Requested Name: S
& S REFINARIAS DE OLEOS
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address: Zona Industrial I, Antiga
Socaju, Bairro Matola, Cidade
Postal Address: Zona Industrial I, Antiga
Socaju, Bairro Matola, Cidade
Nacala Porto
Country: Mozambique
Phone: 258-26-526021/
526781
Fax: 258-26-526795
Email: ssrefinarias@grupoarj.com
Website: None
CREDIT OPINION
Financial Index as of December 2010 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: 18-Jan -2008
Reg. Number: 030102586W
Nominal Capital MZM. 50,000
Subscribed Capital MZM. 50,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Justino Artur
Vicente MD
Gislane Calvete Director
Momad Rassul Director
Grupo ARJ Holding Company
RELATED COMPANIES
Grupo ARJ Abdul
Rahim Jusso Parent company.
None Subsidiary company.
Hotel
Milenio
Hotel
Nampula
New
Hotel
Condominio
Millenium
Imobiliaria
Saidata
Shopping
Zaim
Samir Centre Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
OPERATIONS
Registered to operate manufacturers and Distributors of edible cooking oil, bar soaps and allied products etc
Imports: ASia
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: Kenya
Location: Owned
premises, 5.000 square feet,
AUDITORS AND INSURANCE
Auditors: Information not available.
Insurance Brokers: Information
not available.
FINANCE
Currency Reported: Mozambican Meticais (MZM.)
Approx. Ex. Rate: 1 US Dollar = 34 Mozambican Meticais
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
Profit and Loss (expressed in MZM.)
2010
Sales 164,200,000
BANK
Bank Name: EXIM Bank, Dar es salaam,
Tanzania
Branch: Enterprise Rd, Nairobi
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.44.85 |
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UK Pound |
1 |
Rs.73.29 |
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Euro |
1 |
Rs.64.89 |
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.