MIRA
INFORM REPORT
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Report Date : |
7th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
KRISVAL INVESTMENT
LIMITED |
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Registered Office : |
919, Ideral
Layout, off State Hospital Road, M. K. O. Abiola Way, Ibadan, Oyo State
Nigeria. |
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Country : |
Nigeria |
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Date of Incorporation : |
21.10.2005 |
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Com. Reg. No.: |
RC: 637613 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged into
Building & Civil Engineering Contracting and Generals |
RATING &
COMMENTS
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MIRAs Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Poor |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION
COMPANY NAME: KRISVAL
INVESTMENT LIMITED (NF)
REGISTERED
NAME: KRISVAL INVESTMENTS LIMITED
REGISTERED
ADDRESS: 919, Ideral Layout, off State Hospital Road, M.
K. O. Abiola Way,
Ibadan, Oyo State Nigeria.
HEAD OFFICE ADDRESS: Undetermined
TELEPHONE(S): Nil
MOBILE: Nil
E-MAIL: Nil
WEBSITE: Nil
POSTAL ADDRESS: G. P. O. Box 17994, State Hospital Road,
Ibadan, Oyo State Nigeria.
Subject is into
Building & Civil Engineering Contracting and General Construction.
In Nigeria subject
is considered to be a small scale concern in this sector.
Currency: All monetary values in this report are in Nigerian Naira, the
local currency, except otherwise stated. The exchange rate is N130 to 1
US $.
SUMMARY
NATURE OF
PREMISES: Undetermined.
DATE INCORPORATED: 21st October 2005
YEAR BEGAN OPERATION: 2005
LEGAL FORM: Private
Limited Company
REGISTRATION NO: RC:
637613
SHARE CAPITAL: N1,
000, 000.00
ALLOTTED SHARE CAPITAL: N1, 000, 000.00
PAID-UP CAPITAL N1, 000,
000.00
AUDITORS: Nil
SOLICITORS: Nil
COMPANY SECRETARY: Nil
STAFF STRENGHT: Nil
OWNERSHIP/SHAREHOLDING
STRUCTURE
Name %Held
Asanbe Tony Oluwatosin 50
Ipaye Simon Ayodele 50
SHARE HOLDERS (PREVIOUS)
Nil
DIRECTORS
Asanbe Tony Oluwatosin
Ipaye Simon Ayodele
MANAGEMENT PROFILE
Asanbe Tony Oluwatosin Executive
Director
Ipaye
Simon Ayodele Executive Director
RELATED COMPANY
Nil
BRANCH
Nil
BANKER
NAME: Sterling Bank Plc
Address: Dugbe Branch, Ibadan, Oyo
State
TRADE REFERENCES
Nil
PAYMENT REFERENCE
Nil
PRODUCT DESCRIPTION
Engineering Services
PERFORMANCE RANKING
* Quality
of Management: Nil
* Ethics
& Integrity: Nil
* Ownership Structure: FAIR
OPERATIONS
Subject is into Building & Civil Engineering Contracting and General
Subject is located in a business/residential area in Ibadan, Oyo State, Nigeria.
TYPES OF CUSTOMERS
General Public
BACKGROUND
Nil
EXPANSION PLAN
Nil
PRINCIPAL ANTECEDENT
Nil
PHYSICAL VISIT
Visits were made to the followings:
1.
COMPANY PREMISES
2.
CORPORATE AFFAIRS
COMMISSION.
3.
POST OFFICE
4.
BANK
FINANCES
Subject audited accounts were not available as at the time of compiling this report. Therefore, its present financial position could not be ascertained.
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RISK
RATING ASSESSMENT: |
Ca Extreme caution needs to be exercised
when dealing with this company. |
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CREDIT
LINE AMOUNT: |
Nil |
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0CREDIT
LINE OPINION: |
Caution need to be exercised
in dealing with subject |
DIRECT INTERVIEW
NAME: Nil
POSITION: Nil
DATE OF INTERVIEW: 1st March 2007
All attempts to locate subject
through the above contact details proved abortive.
INDUSTRIAL OVERVIEW/ OPERATING
ENVIRONMENT
The construction industry in Nigeria has grown in size and complexity since the commencement of the present administration. The industry has become more sophisticated technically, financially and in terms of the required skills and expertise.
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 this sector.
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 companys location could not be traced.
REMARKS
Having carried out all necessary research on subjects, our investigations revealed that, the company, Krisval Global Investment Limited is duly registered in Nigeria, with a registered address, 919, Ideral Layout, off State Hospital Road, M. K. O. Abiola Way, Ibadan, Oyo State Nigeria.
While the operational office address could not be traced.
Subject transactions could not be ascertained. Therefore, subject should provide additional information.
NOTE: Details in this report where culled from public sources
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 SCs 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%)