MIRA
INFORM REPORT
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Report Date : |
01.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
SARRCHEM INTERNATIONAL LTD |
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Registered Office : |
Chaka Place, Coner Arwings Khodek Road and Chaka Road, Kilimani, P. O. Box 63289, Nairobi |
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Country : |
Kenya |
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Date of Incorporation : |
1 March 1998 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importers, exporters and retailers of plastic and chemical raw materials, polyethylene, polypropylene, PVC and polystyrene. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
K Shs
2,500,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
SARRCHEM INTERNATIONAL
LTD (Correct)
SARRCHEM (Requested)
ADDRESS
Building :
Chaka Place
Street : Coner Arwings Khodek Road and Chaka Road
Area : Kilimani
P.O. Box :
63289
Town : Nairobi
Country : Kenya
Telephone :
(254 20) 271 2941 / 273 0482
Fax : (254 20) 273 0681
E-Mail : arif.aziz@nctkenya.com
SENIOR COMPANY
PERSONNEL
Name Position
Arif Aziz Managing Director
Total Employees
15
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
Subject is a member of
the the NCT Group which was established in 1983 and currently operates in The
Netherlands, Dubai (UAE), Singapore, Hong Kong and Kenya.
We consider it is
acceptable to deal with subject for SMALL amounts, although it is normal
accepted practice for international suppliers to deal on secured terms with
Kenyan importers.
Opinion on maximum credit
: K Shs 2,500,000 (higher amounts may be considered with full fiscal
disclosure)
Trade risk assessment :
Normal
Opinion on the credit
figure of SA RAND 640,000 / 30 days :
The above figure is
higher than normally seen in one amount, however could prove admissible in a
short series of transactions provided the total indebtedness is strictly
monitored.
PRINCIPAL BANKERS
Subject declined to name
its bankers.
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 : 1 March 1998
History : The company was incorporated in
Kenya on 1 March 1998.
Capital : not given
Private Limited Liability
Company with the following sole shareholder :
NCT Holland BV 100%
Minervum 7208A
4817 ZJ Breda
P.O. box 5669
4801 EB Breda
The Netherlands
Tel : (31 76) 531 5780
Fax : (31 76) 514 7482
salesholland@nctww.com
NCT Holland is located in
Breda, close to Europe's most important commercial ports of Rotterdam and
Antwerp.
The
NCT Group is a global network of interacting traders in plastic raw materials
with offices and operations in Europe, Middle East, Africa and Asia. The
network structure enables each individual branch to operate in line with the latest
short-term trends within world and regional markets.
NCT's
strategy is to generate added value to the chain between producers and
end-users of commodity polymers. NCT is an ISO Certified Company who trades in
polyolefins, polystyrene, pet, pvc and other plastic raw materials.
Affiliated companies of
Sarrchem International Ltd :
Associates
1. NCT Middle East
P.O. Box 17071
Jebel Ali, Dubai
United Arab Emirates
Tel: (971) 4881 7771
Fax: (971) 4881 7293
Email : salesdubai@nctww.com
2. NCT Sri Lanka
Liaison office NCT Hong Kong Ltd.
Golden Enclave Ascon Residencies,
608-1/1, Dr. Danister De Silva Mawatha,
Colombo - 9
Sri Lanka
Tel : (94 11) 268 4757
Fax : (94 11) 535 0253
3. NCT Turkey Ltd
Suleyman Seba Caddesi No.48
BJK Plaza, A Blok, D: 108, Kat:10
Akaretler - Besiktas
34357
Istanbul
Turkey
Tel: (90 212) 236 3115/3150
Fax: (90 212) 236 3908
ACTIVITIES
The Company is involved
in the following activities :
Importers, exporters and retailers
of plastic and chemical raw materials, polyethylene, polypropylene, PVC and
polystyrene.
Imports from India, The
Netherlands and other European countries.
Exports to Tanzania,
Uganda and Ethiopia, Burundi and the Democratic Republic of Congo.
FACILITIES
The Company has the
following facilities :
Premises comprising
administrative offices, retail outlet and storage facilities located at the
heading address.
SPECIAL NOTE
You enquired on :
SARRCHEM. Please note the correct name is as per heading.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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