MIRA
INFORM REPORT
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Report Date : |
14.07.2007 |
IDENTIFICATION DETAILS
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Name : |
KEMIA INTERNATIONAL LTD |
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Registered Office : |
High Chem Complex, |
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Country : |
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Date of Incorporation : |
July 2000 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importers, manufacturers and distributors of speciality
chemicals. |
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
KEMIA INTERNATIONAL LTD
ADDRESS
Building :
High Chem Complex
Street :
Area : Industrial Area
P.O. Box :
30467-00100
Town :
Country :
Telephone :
(254 20) 553 561 / 531 136 / 531 466
Fax : (254 20) 530 638
E-Mail : kemia.int@kemia.co.ke
SENIOR COMPANY
PERSONNEL
Name Position
1. J.K.H. Mina Managing
Director
2. John Djuguna Marketinh
Director
Total Employees
11
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
Subject was established
in 2000 and trades in speciality chemicals.
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 :
TRADE REFERENCES
NAME :
Clariant International Ltd
Street :
Rothausstrasse 61
Town :
Muttenz
P.O. Box :
C11-4132
Country :
Telephone : (41) 614 6969
Fax :
(41) 614 6999
NAME :
Cayley Chemical Corporation Ltd
Street :
10 Manor Park,
Town :
P.O.Box :
GL51 9TX
Country :
Telephone : (44) 1242 222971
Fax :
(44) 1242 227634
NAME :
Infusion Kenya Ltd.
Street :
Town :
P.O. Box :
30467-00100
Country :
Telephone : (254 20) 351172
Fax :
(254 20) 533228
NAME :
K&K ChemoSpeciality Ltd.
Street :
7F-7, No. 45, An
Town :
P.O. Box :
10649
Country :
Telephone : (886 2) 2741 2533
Fax :
(886 2) 2711 6626
NAME :
Afro German Chemicals Est. Plc.
Street :
7F-7, No. 45, An
Town :
P.O. Box :
Country :
Telephone : (251 1) 550200
Fax :
(251 1) 551057
NAME :
Mahder Plc.
Street :
7F-7, No. 45, An
Town :
P.O. Box :
4179
Country :
Eritreia
Telephone : (291 1) 184858
Fax : (291 1) 184857
PRINCIPAL BANKERS
NAME :
STANDARD CHARTERED BANK KENYA LTD
Branch :
PO Box :
30003
Town :
Telephone : (2) 330200
Fax :
(2) 330506
Subject also has an
account with Charterhouse Bank.
FINANCIAL INFORMATION
Private companies in
LEGAL STATUS AND
HISTORY
Date Started : July 2000
Authorised Capital : K
Shs 200,000
Paid up Capital : K Shs
200,000
Private Limited Liability
Company with the following shareholders :
1. J.K.H. Mina (majority shareholder)
2. John Djuguna
Affiliated companies of
Kemia International Ltd :
Subsidiaries
Polysynthetics Eatern
Africa Ltd (PEA)
High Chem Complex
Industrial Area
P.O. Box 30467-00100
ACTIVITIES
The Company is involved
in the following activities :
Importers, manufacturers and
distributors of speciality chemicals.
Products include :
- special chemicals and
dyes for the textile, leather and paper industries
- pigments for paints and
coatings, for plastics and for special applications
- additives for improving
heat resistance, lightfastness and weather resistance of plastics and paints
- phosphorous based
halogen free flame retardants for protective coatings
- waxes for shoe
polishes, floor polishes and other industrial applications
- colour and additive
concentrates for the plastics processing and for the textile industry
- products for detergent
manufacturers
- performance chemicals
for personal care products and cosmetics, crop protection, inks and paints,
plastics, etc.
- biocides for cosmetics,
inks, polymers, and disinfectants
- cellulose Ethers:
products for application in building materials and coatings, in polymerization,
cosmetics, petroleum, etc.
- emulsions for paints,
adhesives, and textiles
- products for use in the
adhesives, in polymerization, in paper and textile processing, in paints and
inks, in safety laminates and for the glass industry.
- fine Chemicals for
Agrochemical and Pharmaceutical industries, eg silane derivatives, glyoxylic
acid derivatives etc.
- process Chemicals for
electronic materials used in the computer industry, eg. photoresists,
anti-reflective coatings, etc.
- process Chemicals for
additives in drilling and cementing fluids, corrosion inhibitors, emulsifiers,
lubricants in metal-working, collectors and frothers in mining industry, etc.
Subject is the official
regional agent of Clariant, the largest Speciality Chemicals company in the
world, headquartered in
Subject has been awarded
with the Arch Award for quality and technology.
Imports from
Exports to Eastern and
Southern African countries, namely
FACILITIES
The Company has the
following facilities :
Rented premises
comprising administrative offices, a modern German built speciality chemicals
plant, sales outlet and warehouse situated on a 1,545 acres plot of land at the
heading address. Subject shares premises
with its subsidiary company, Polysynthetics Eatern Africa Ltd (PEA).
SPECIAL NOTE
The address:
Please note the complete
address 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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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%)