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Report Date : |
14.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHOPPERS TRADING LTD. |
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|
|
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Registered Office : |
Mbezi Industrial Area, Dar Es
Salaam |
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|
|
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Country : |
Tanzania |
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Year of Establishment : |
2012 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Exporters of pulses, oilseeds, spices, poultry and other related agricultural products and also importers of consumer goods |
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|
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No. of Employees : |
10 employees |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
---- |
NB |
New Business |
---- |
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Status : |
New Business |
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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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Tanzania |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Registered Name: SHOPPERS TRADING LTD.
Requested Name: SHOPPERS
TRADING LTD.
Other Names: None
Physical Address: Mbezi Industrial Area, Dar Es Salaam
Postal Address: P. o. Box 105383,
Dar Es Salaam
Country: Tanzania
Phone: 255-786056437/
777371457
Fax: 255-655371557
Email: sales@shopperstarding.com
Website: www.shopperstarding.com
Financial Index Projected December 2012 shows subject firm with a medium
risk of credit. However, bank and credit information obtained reveal a history
of prompt payments.
Legal Form: Limited Corporation
Date Incorporated: 2012
Reg. Number: Tanzania
Nominal Capital TZS. 1,000,000
Subscribed Capital TZS. 1,000,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. Ramesh Mhaddolkar GM
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate as exporters of pulses, oilseeds, spices, poultry
and other related agricultural products and also importers of consumer goods
Imports: Asia
Exports: Neighboring
countries, Europe
Trademarks: None
Terms of sale: Cash
(60%) and 25-90 days (40%), invoices.
Main Customers: General
Public
Employees: 10
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Tanzania
Location: Rented
premises, 1,000 square feet,
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: Tanzanian Shillings (TZS.)
Approx. Ex. Rate: 1 US Dollar = 1580 Tanzanian Shillings
Projected
Fiscal Year End: December 31, 2012
Projected
Inflation: According to information
given by independent sources, the
inflation
at December 31st, 2012 was of 13%.
Financial
Information not Submitted
Profit and Loss (expressed in TZS.)
Projected 2012
Sales 250,000,000
Bank Name: CRBD BANK
Branch: Tanzania
Comments: None
Experiences: Good
None
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.55.42 |
|
UK Pound |
1 |
Rs.86.78 |
|
Euro |
1 |
Rs.68.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.