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Report Date : |
30.06.2012 |
IDENTIFICATION DETAILS
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Name : |
TRACTORS LIMITED |
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Registered Office : |
Plot 2 Kange Industrial Area,
Tanga |
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Country : |
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Date of Incorporation : |
26.01.1994 |
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Com. Reg. No.: |
246364 Tanga Tanzania |
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Legal Form : |
Limited Corporation |
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Line of Business : |
dealers in
tractors, spare parts and accessories |
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No. of Employees : |
20 |
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 |
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Status : |
Satisfactory |
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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: TRACTORS LIMITED
Requested Name: TRACTORS
LIMITED
Other Names: None
Physical Address: Plot 2 Kange Industrial Area,
Tanga
Postal Address: P. o. Box No. 34
Tanga
Country: Tanzania
Phone: +255-27-2646853/4
Fax: +225-27-2646882
Email: None
Website: None
Financial Index as of December 2011 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: 26/01/1994
Reg. Number: 246364
Tanga Tanzania
Nominal Capital TZS. 1,000,000
Subscribed Capital TZS. 1,000,000
Subscribed Capital
is Subscribed in the following form:
Position Shares
Mr. Jonathan Lane Aubrey Director
Mr. Ashwin B.Mavani Director
Mr. Kishore p. Devani Director
Pee Pee Holdings, UK Holding Co. 100.00%
Pee Pee Holdings, UK Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate as dealers in tractors, spare parts and
accessories
Imports: Asia
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 25-90 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 20
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Tanzania
Location: Rented
premises, 2,000 square feet,
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: Tanzanian Shillings (TZS.)
Approx. Ex. Rate: 1 US Dollar = 17.46 Tanzanian Shillings
Fiscal
Year End: December 31, 2011
Financial
Information not Submitted
Profit and Loss (expressed in TZS.)
2011
Sales 9.430,000,000
Bank Name: CRDB 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.56.31 |
|
UK Pound |
1 |
Rs.88.06 |
|
Euro |
1 |
Rs.70.91 |
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.