MIRA INFORM REPORT
|
Report Date : |
31.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
ERONGO AGENCIES PTY LTD |
|
|
|
|
Registered Office : |
Ausspannplatz |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
24.05.2007 |
|
|
|
|
Legal Form : |
Limited Corporation |
|
|
|
|
Line of Business : |
importers and
Distributors of Pharmaceutical and Medical products |
|
|
|
|
No. of Employees
: |
25 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 50,000 |
|
Status : |
Small Company |
|
Payment
Behaviour : |
No Complaints |
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Namibia |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Registered Name: ERONGO AGENCIES PTY LTD
Requested Name: ERONGO
AGENCIES PTY LTD T/A ERONGO MED
trade Names: ERONGO
MED
Physical Address: Ausspannplatz 6 Copper Street
Prosperita Windhoek
Postal Address: P. o. Box 5235,
Windhoek
Country: Namibia
Phone: 264
61 249172
Fax: 264
61 249173
Email: rongo@namibnet.com / info@erongoagencies.com
Website: www.erongoagencies.com
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. We recommend Credit of USD 50,000 on 90 days.
Legal Form: Limited Corporation
Date Incorporated: 24/05/2007
Reg. Number: Windhoek
Namibia
Nominal Capital NAD. 10,000
Subscribed Capital NAD. 10,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Alwin George Director
T .D. Walt Director
M beukes Manager
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate as importers and Distributors of Pharmaceutical and
Medical products
Imports: Southern
Africa, Asia
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 30 days (60%), invoices.
Main Customers: firms
and Medical organizations
Employees: 25
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Namibia
Location: Rented
premises, 3,500 square feet,
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: Namibian Dollar (NAD)
Approx. Ex. Rate: 1 US Dollar = 7.76 Namibian Dollar (NAD)
Fiscal Year End: December
31, 2011
Inflation: According to
information given by independent sources, the
inflation
at December 31st, 2011 was of 13%.
Financial
Information not Submitted
Profit and Loss (expressed in NAD.)
2010 2011
Sales 1,150,000 2,000,000
Bank Name: Bank of Abyssinia
Branch: Ethiopia
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.51.16 |
|
UK Pound |
1 |
Rs.81.72 |
|
Euro |
1 |
Rs.68.34 |
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.