MIRA INFORM REPORT
|
Report Date : |
28.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
AGRIFOCUS AGRICULTURA E COMERCIO
INTERNATIONAL LDA |
|
|
|
|
Registered Office : |
Ave. 25 De Setembro, Edificio Time Square, Bloc O 2, 1O Andar, Maputo |
|
|
|
|
Country : |
Mozambique |
|
|
|
|
Date of Incorporation : |
25.06.1987 |
|
|
|
|
Com. Reg. No.: |
25141 |
|
|
|
|
Legal Form : |
Limited Corporation |
|
|
|
|
Line of Business : |
Retailers of agricultural goods, fertilizers, insecticides, herbicides
etc |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 100,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
Usually Correct |
|
|
|
|
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) |
|
Mozambique |
c1 |
c1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SUBJECT'S NAME
Registered Name: AGRIFOCUS AGRICULTURA E COMERCIO
INTERNATIONAL LDA
Requested Name: AGRIFOCUS
AGRICULTURA E COMERCIO INTERNATIONAL LDA
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address: Ave. 25 De Setembro, Edificio Time Square,
Bloc O 2, 1O Andar,
Maputo
Postal Address: CP 3678
Maputo
Country: Mozambique
Phone: 258-21-303433/ 303668/ 3663/ 3668/ 8761/
752202/ 2203/ 04/ 24/ 25
Fax: 258-21-303665/ 752226
Email: agrifocus@teledata.mz
/: antonieta.neves@agrifocus.co.mz
Website: www.agrifocus.co.mz
CREDIT OPINION
Financial Index as of December 2010 shows 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 100,000 on 90 days.
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 25-June-1987
Registered: 11-June-1998
Reg. Number: 25141
Nominal Capital USD. 250,000
Subscribed Capital USD. 250,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. Fernando Ricardo Segueira MD 4.00%
Mrs. Maria Isabel Sequeira Goncalves Director 5.00%
Mr. Rui Manuel Goncalves Director 21.00%
Mr. Antonio Fagilde Director
AnchorCrops 39 (Pty) Limited. Holding Company 70.00%
RELATED COMPANIES
AnchorCrops 39 (Pty) Limited. Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
3 branches in
Mozambique Branches of the firm
OPERATIONS
Registered to operate as retailers of agricultural goods, fertilizers,
insecticides, herbicides etc
Imports: Asia, Middle East
, Europe
Exports: None
Trademarks: None
Terms
of sale: Cash (40%) and
25-90 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 105
employees.
Vehicles: Several
motor vehicles.
Territory
of sales: Mozambique
Location: Owned premises,
100.000 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 210,000,000
BANK
Bank Name: BANCO DO COMERCIO E INDUSTRIA
Comments: Other Banks
STANDARD BANK
BIM BANK
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.18 |
|
UK Pound |
1 |
Rs.76.65 |
|
Euro |
1 |
Rs.66.63 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
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.