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Report Date : |
28.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
OMNIDATA TRADING
LDA |
|
|
|
|
Registered Office : |
Largo
Amilcar Cabral Ex Sepa Pinto n 15 Rua 21 De Janeiro S/N |
|
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Country : |
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Date of Incorporation : |
14.02.2001 |
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|
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Legal Form : |
Limited Corporation |
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|
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Line of Business : |
Subject operate as providers of information communication technology services and related solutions |
|
|
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No of Employees : |
25 |
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 |
Status : |
Satisfactory |
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Angola |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Angola ECONOMIC OVERVIEW
Angola's high
growth rate in recent years was driven by high international prices for its
oil. Angola became a member of OPEC in late 2006 and its current assigned a
production quota of 1.65 million barrels a day (bbl/day). Oil production and
its supporting activities contribute about 85% of GDP. Diamond exports
contribute an additional 5%. Subsistence agriculture provides the main
livelihood for most of the people, but half of the country's food is still
imported. Increased oil production supported growth averaging more than 17% per
year from 2004 to 2008. A postwar reconstruction boom and resettlement of
displaced persons has led to high rates of growth in construction and
agriculture as well. Much of the country's infrastructure is still damaged or
undeveloped from the 27-year-long civil war. Land mines left from the war still
mar the countryside, even though peace was established after the death of rebel
leader Jonas SAVIMBI in February 2002. Since 2005, the government has used
billions of dollars in credit lines from China, Brazil, Portugal, Germany,
Spain, and the EU to rebuild Angola's public infrastructure. The global
recession that started in 2008 temporarily stalled economic growth. Lower
prices for oil and diamonds during the global recession slowed GDP growth to
2.4% in 2009, and many construction projects stopped because Luanda accrued $9
billion in arrears to foreign construction companies when government revenue
fell in 2008 and 2009. Angola abandoned its currency peg in 2009, and in
November 2009 signed onto an IMF Stand-By Arrangement loan of $1.4 billion to
rebuild international reserves. Consumer inflation declined from 325% in 2000
to about 10% in 2012. Higher oil prices have helped Angola turn a budget
deficit of 8.6% of GDP in 2009 into an surplus of 12% of GDP in 2012. Corruption,
especially in the extractive sectors, also is a major challenge.
|
Source
: CIA |
Registered Name: OMNIDATA TRADING LDA
Requested Name: OMNIDATA
TRADING LDA
Other Names: None
Physical Address: Largo Amilcar Cabral Ex Sepa
Pinto n 15 Rua 21 De Janeiro S/N Luanda,
Postal Address: P. o. Box 70712
Luanda,
Country: Angola
Phone: 244-222-017022/017034/331680/331672/372438/397
267
Cell: 244-943183375/914368680/940255086/912677385
Fax: 244-222-394431
Email: omni@netangola.com/omnidata.omnia@gmail.com
Website: www.omnidata.co.ao
Financial
Index as of December 2013 shows subject firm with a medium risk of credit.
Legal Form: Limited Corporation
Date Incorporated: 14-Feb-2001
Reg. Number: Angola
Nominal Capital AOA. 1,000,000
Subscribed Capital AOA. 1,000,000
Subscribed Capital
is Subscribed in the following form:
Position Shares
Mr. Rocha Monteiro MD
Mr. Antonio Moreira Director
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate as providers of information communication
technology services and related solutions
Imports: Asia
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 25-90 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 25
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Angola
Location: Leased
premises, 10,000 square feet,
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: Angolan Kwanza (AOA.)
Approx. Ex. Rate: 1 US Dollar = 100.87 Angolan Kwanza
Fiscal
Year End: December 31, 2013
Inflation: According to
information given by independent sources, the
inflation
at December 31st, 2013 was of 13%.
Financial Information not Submitted
Profit and Loss (expressed in AOA.)
2013
Sales 75,000,000
Bank Name: BFA Bank
Branch: Angola
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.61.87 |
|
|
1 |
Rs.97.69 |
|
Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.