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Report Date : |
18.04.2012 |
IDENTIFICATION DETAILS
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Name : |
PARIRENYATWA GROUP OF HOSPITALS |
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Registered Office : |
P.o. Box CY 198 Causeway |
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Country : |
Zimbabwe |
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Date of Incorporation : |
18.04.1980 |
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Legal Form : |
State Corporation |
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Line of Business : |
Medical Center,
Providers of medical facilities and solutions |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRAs 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 250,000 |
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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 March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Zimbabwe |
D |
D |
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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 |
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COMPANY REPORTED: |
PARIRENYATWA GROUP OF HOSPITALS |
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Principal Address: |
P.o. Box CY 198 Causeway. Zimbabwe |
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Telephone: |
+263-4-791979/701555/20/54-7 |
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Fax: |
+263-4-794388/706627 |
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Email: |
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Internet: |
www.parihosp.gov.zw |
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Established: |
18/04/1980 |
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Registration: |
Harare, Zimbabwe |
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Legal Form: |
State Corporation |
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Stock Listing: |
Not Listed |
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Workforce: |
2011 |
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2010 |
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Office & Factories |
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Head offices |
Mazowe Street, Harare, Zimbabwe |
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Branches |
None |
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Current Credit Limit: USD
250,000
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Management/
Directors |
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President/
CEO (1) |
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Name |
Mr. T.A. Zigora |
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Active in daily business: |
Active |
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Current Title: |
Chief Executive Officer |
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Country of residence |
Zimbabwe |
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Remarks |
Top Decision Maker |
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Director
(2) |
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Name |
Ms. H. Machamire |
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Active in daily business: |
Active |
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Current Title: |
Finance Director |
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Country of residence |
Zimbabwe |
No negative information
found.
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Company Profile: |
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Nominal Capital |
ZWD. 100,000,000 |
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Paid in Capital |
ZWD. 100,000,000 |
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Subscribed Capital |
ZWD. 100,000,000 |
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Shareholders |
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Name |
Position |
Amount
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Ratio |
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Mr. T.A. Zigora |
CEO |
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Ms. H. Machamire |
F.Director |
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Mr. S. Makarawo |
Director |
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Mr. E. T. Manyawu |
Director |
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Mr. E. Mundenda |
Director |
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Government of Zimbabwe |
Holding Co. |
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100.00% |
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Total |
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100.00% |
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Terms of
payment |
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Buying
terms |
30% in
cash, 70% on 60 day credit |
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Selling
terms |
80% in
cash, 20% on credit |
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Affiliated Companies |
None |
Na
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Exchange Rate |
US$ 1 = ZWD. 361 |
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Business Activities |
Medical Center,
Providers of medical facilities and solutions |
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Suppliers |
Variouscompanies
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Customers |
General
Public |
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Recent
Sales |
USD. 5,000,000
(2011 Estimated) |
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Exports |
None |
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Export
Ratio |
0.0% |
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Import
Ratio |
30.0% |
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Domestic
Market Share |
20.0% |
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Business Premises |
10,000 Sft |
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Type of occupation
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Owned |
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Location |
The subject is located close to a major road network |
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Premises used as
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Offices, Wards |
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Banking
relationship |
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Main
Banks |
BARCLAYS BANK |
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Credit Check of Subject, President & CEO (as of report date) |
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Payment Morale: |
In the documents at our disposal nothing adverse has been shown so
far. |
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CREDIT RATING: |
Financial situation is average. |
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COMMENTS
Company was founded in1890. Maximum credit we recommend is USD 250,000 outstanding at any one time.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.62 |
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1 |
Rs.81.94 |
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Euro |
1 |
Rs.67.65 |
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 |
-- |
This score serves as a reference to assess SCs 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.