MIRA
INFORM REPORT
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Report Date : |
27.07.2007 |
IDENTIFICATION DETAILS
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Name : |
HENMAK TECHNICAL SERVICES LIMITED |
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Registered Office : |
6, |
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Country : |
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Date of Incorporation : |
17th November, 2003 |
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Com. Reg. No.: |
RC: 499040 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Subject is into electrical/instrumentation, mechanical services, automation
and controls. |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION
COMPANY NAME: HENMAK
TECHNICAL SERVICES LIMITED
REGISTERED NAME: HENMAK TECHNICAL SERVICES LIMITED
REGISTERED ADDRESS: 6,
HEAD OFFICE ADDRESS: Plot
135,
TELEPHONE(S): 234-84-572043
FAX: 234-84-770804
E-MAIL: info@henmak.com
WEBSITE: www.henmak.com
POSTAL ADDRESS:
Nil
Subject is into electrical/instrumentation, mechanical services,
automation and controls.
In
Currency: All monetary
values in this report are in Nigerian Naira, the local currency, except
otherwise stated. The exchange rate is N128 to 1
SUMMARY
NATURE OF PREMISES: Leased, office space at head office
occupying approximately 120 square metres.
DATE INCORPORATED: 17th November, 2003
YEAR BEGAN OPERATION: 2003
LEGAL FORM: Private Limited Company
REGISTRATION NO: RC: 499040
SHARE CAPITAL: N1,
000, 000.00
ALLOTTED SHARE CAPITAL: N1,
000, 000.00
PAID-UP CAPITAL N1,
000, 000.00
AUDITORS:
Messr. S. B. U. Ndedde
& Co.
17,
SOLICITORS: Nil
COMPANY SECRETARY: Nil
STAFF STRENGHT: 17
OWNERSHIP/SHAREHOLDING
STRUCTURE
Name %Held
Aluede Henry 50
Asiyanbi Emmanuel Olufemi 50
SHARE HOLDERS
(PREVIOUS)
Nil
DIRECTORS
1. Mr. Aluede Henry
2. Mr. Asiyanbi Emmanuel Olufemi
MANAGEMENT PROFILE
Mr. Aluede Henry Managing
Director
Mr. Asiyanbi Emmanuel Olufemi Executive Director
ASSOCIATE COMPANY
Company Name: Henmak
– Brass Energy Limited
Address: Plot
135,
Tel: 234-8055315188
E-mail: Nil
Line of Business: Construction
and Power
Contact Person: Samuel
Fiefamokuma
BRANCH
Plot 7,
Tel: 234-1-557836
BANKER
Name: First
Bank of Nigeria Plc
Address:
Tel: 234-84-231786
Year Opened: 2003
Account No: 2912010023366
Account Name: Henmak
Technical Services Limited
TRADE REFERENCES
*
*Emerson Process Management,
PAYMENT REFERENCES
Company Name: Faure
Herman, France
Address: 7,
Avenue, Des
Tel: 0160921141
Fax: 0160921150
E-mail: Nil
Payment Term: T/T
Company Name: Emerson
Process Management,
Address: Horsfield
way,
Tel: 08702401978
Fax: 08702404389
E-mail: Nil
Payment Term: T/T
PRODUCT DESCRIPTION
*Automation Systems (Soft Wares) *Electrical/Instrumentation Parts *
Mechanical Spares and Equipment.
PERFORMANCE RANKING
* Quality of Management: AVERAGE
* Ethics & Integrity: GOOD
* Ownership Structure:
GOOD
OPERATIONS
Subject is into electrical/instrumentation, mechanical services,
automation and controls.
Subject is located in a central business area at Plot 135,
OUR PARTNERS
Nil
TYPES OF CUSTOMERS
*Foreign Companies * O&G
BACKGROUND
Nil
EXPANSION PLAN
Nil
PRINCIPAL ANTECEDENT
NAME: Aluede
Henry
POSITION: Managing Director
PROFESSION: Engineering
DATE OF BIRTH: 26th August 1968
PLACE OF BIRTH: Eko-Ewu
STATE OF
NATIONALITY: Nigerian
EDUCATION & QUALIFICATION: Federal Polytechnic, Bida 1989-1991,
National Diploma (Mechanical).
WORK HISTORY: Nil
NAME: Asiyanbi Emmanuel Olufemi
POSITION: Executive Director
PROFESSION: Geologist
DATE OF BIRTH: 13th March 1971
PLACE OF BIRTH:
STATE OF
NATIONALITY: Nigerian
EDUCATION & QUALIFICATION:
WORK HISTORY: Nil
PHYSICAL VISIT
Visits were made to the followings:
COMPANY PREMISES
CORPORATE AFFAIRS COMMISSION.
FINANCES
Subject audited accounts were not available as at the time of compiling
this report. Therefore, its present financial position could not be
ascertained. They however promised to provide it as soon as possible.
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CREDIT LINE AMOUNT: |
FAIR |
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CREDIT LINE OPINION: |
Transaction with subject is considered to be fair trade risk |
DIRECT INTERVIEW
1. Aluede Henry- Managing Director
2. Asiyanbi Emmanuel Olufemi Executive
Director
Subject has qualified, efficient, and dedicated staff that are all times
on the alert to respond to client needs.
INDUSTRIAL OVERVIEW/
OPERATING
ENVIRONMENT
Electrical/Mechanical Engineering services in
The government policy in using indigenous contractors to execute her
projects has gone a long way in increasing capital base, greater utilization of
Nigerian human and material resources in the Engineering sector, with more
contracts going to indigenous company.
CMT REPORT
(Corruption, Money
Laundering &
Terrorism)
Public Notice from various sources including but not limited to: The
Courts, Nigerian Prison Service, Economic & Financial Crimes Commission (EFCC),
National Drug Law Enforcement Agency (NDLEA), National Agency for Food &
Drugs administration and Control (NAFDAC), Independent Corrupt Practices and
Other Related Offences Commission (ICPC) Etc.
No negative information on subject from the above agencies as at the time of compiling this report.
COMPANY LOCATION
The company is located at Plot 135,
OFFICIAL REMARKS
Having carried out all necessary research on subjects, our
investigations revealed that, the company, Henmak Technical Limited is duly registered in
Please expect an update on this report is few days time.
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%)