MIRA
INFORM REPORT
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Report Date : |
08.06.2007 |
IDENTIFICATION DETAILS
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Name : |
AROM LTD |
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Registered Office : |
Pungu Villa, Likoni, |
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Country : |
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Date of Incorporation : |
1995 |
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Com. Reg. No.: |
C.37537 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importers and distributors of additives for animal food. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
K Shs 750,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
AROM LTD
ADDRESS
Building :
Pungu Villa
Area : Likoni
P. O. Box :
96312
Town :
Country :
Telephone :
(254 40) 330 0276
E-Mail : arom@wananchi.com
SENIOR COMPANY
PERSONNEL
Name Position
Gerard Geerdens Managing
Director
Total Employees
7
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, although it is normal
accepted practice for international suppliers to deal on secured terms with
Kenyan importers.
Opinion on maximum credit
: K Shs 750,000
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
HABIB BANK AG
Branch :
Unity House,
P. O. Box : 82202
Town :
Telephone : (254 41) 226 394 / 221 907
Acc No :
531621
FINANCIAL INFORMATION
Private companies in
Sales Turnover : K Shs 37,000,000 - 2006 - exact
Net Profit :
K Shs 5,550,000 - 2006 - exact
LEGAL STATUS AND
HISTORY
Date Started : 1995
History : The company was incorporated in
C.R. No. : C.37537
Pin No : P000621014V
Paid up Capital : K Shs 1,000,000
Private Limited Liability
Company with the following shareholders :
1. Gerard Geerdens
(majority shareholders)
2.
ACTIVITIES
The Company is involved
in the following activities :
Importers and
distributors of additives for animal food.
Imports from
FACILITIES
The Company has the
following facilities :
Rented office located at
the heading address and occasionally rented warehouse in the customs zone.
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%)