MIRA
INFORM REPORT
|
Report Date : |
12.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
REPELECTRIC KENYA LTD |
|
|
|
|
Registered Office : |
Outer Ring Road Off Baba Dogo Road, Ruaraka, P. O. Box 63464, Nairobi 00619 |
|
|
|
|
Country : |
Kenya |
|
|
|
|
Date of Incorporation : |
1982 |
|
|
|
|
Com. Reg. No.: |
C 21289 |
|
|
|
|
Legal Form : |
Private Liability Company |
|
|
|
|
Line of Business : |
Electrical engineers specializing in repair services of
electrical motors and generators. |
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 |
|
Maximum Credit Limit : |
K Shs 1,000,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
COmpany NAME
REPELECTRIC KENYA LTD
ADDRESS
Street : Outer Ring Road Off Baba Dogo Road
Area : Ruaraka
P.O. Box :
63464
Town : Nairobi 00619
Country : Kenya
Telephone :
(254 20) 856 1830 / 675 2914
Fax : (254 20) 856 0463
E-Mail : repelectric@swiftkenya.com
SENIOR COMPANY
PERSONNEL
Name Position
1. Mike Wootton Managing Director
2. Rachel Wootton Financial Director
3. James Okoth Technical Director
4. Anne Mwangi Accounts Assistant
Total Employees
50
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
We consider it is
acceptable to deal with subject for SMALL amounts, however it is normal
acceptable practice for international suppliers to deal on secured terms with
Kenyan importers.
Opinion on maximum credit
: K Shs 1,000,000
Trade risk assessment : Normal
Opinion on the credit
figure of SA RAND 200,000 / 30 days :
The above figure is
higher than normally seen in one amount, however could prove admissible in a
series of transactions provided the total indebtedness is strictly monitored.
TRADE REFERENCES
NAME :
AMCOLI
Country :
South Africa
Telephone : 011 763 474
NAME :
LE CARONE
Country :
South Africa
Telephone : 011 763 474
NAME :
WILEC
Country :
South Africa
Telephone : 011 629 9300
PRINCIPAL BANKERS
NAME :
STANDARD CHARTERED BANK KENYA LTD
Branch :
Ruaraka
PO Box :
30003
Town :
Nairobi
Telephone : (254 20) 3209 3000
Fax :
(254 20) 202 14086
Account No : 0102052236800
FINANCIAL INFORMATION
Balance sheets are not
available and the subject interviewed, declined to give any financial
information, which the company regards as strictly confidential.
LEGAL STATUS AND
HISTORY
Date Started : 1982
C.R. No. : C 21289
Capital : not given
Private Liability Company
with the following shareholders :
1. Mike Wootton
2. Rachel Wootton
ACTIVITIES
The Company is involved
in the following activities :
Electrical engineers specializing
in repair services of electrical motors and generators.
Imports spare parts from
UK and other European countries.
FACILITIES
The Company has the
following facilities :
Premises comprising a
workshop, storage facilities and offices located at the heading address.
SPECIAL NOTE
The address POB: 63464,
Off Dogo Road, Ruapara, Nairobi which you provided for the subject is misspelt.
Please note the correct spelling is as per heading.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)