MIRA
INFORM REPORT
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Report Date : |
26.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
BENOZ INTERCONTINENTAL COMPANY LIMITED |
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Registered Office : |
132A, A/Adele Road, Lagos |
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Country : |
Nigeria |
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Date of Incorporation : |
23rd March 1985 |
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Com. Reg. No.: |
RC: 69873 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importation of Auto-spare part. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
IDENTIFICATION
COMPANY NAME: BENOZ INTERCONTINENTAL COMPANY LIMITED
REGISTERED
NAME: BENOZ INTERCONTINENTAL COMPANY LIMITED
REGISTERED
ADDRESS: 132A, A/Adele Road, Lagos.
HEAD OFFICE
ADDRESS: 226, KiriKiri Road, Olodi,
Apapa, Lagos-Nigeria.
TELEPHONE(S): 234-1-5450632, 5872964
FAX: 234-1-5450632
E-MAIL: Nil
WEBSITE: Nil
POSTAL ADDRESS: Nil
Subject is into importation of Auto-spare part, such as; Injectors, Valus, Gear box, Fan belts etc.
In Nigeria subject is considered to be a medium 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: Leased,
office space at head office occupying approximately 80 square meters.
DATE INCORPORATED: 23rd
March 1985
YEAR BEGAN
OPERATION: 1985
LEGAL FORM: Private Limited
Company
REGISTRATION NO: RC:
69873
SHARE CAPITAL: N100,
000.00
ALLOTTED SHARE
CAPITAL: N100, 000.00
PAID-UP CAPITAL N100, 000.00
AUDITORS: Nil
SOLICITORS: Nil
COMPANY SECRETARY: Nil
STAFF
STRENGHT: 12
OWNERSHIP
Name
Benjamin Ozoadibe
132A, Ad/Adele Road, Lagos-Nigera.
Chaterine Ozoadibe
132A, Ad/Adele Road, Lagos-Nigeria
SHARE HOLDERS
(PREVIOUS)
Nil
DIRECTORS
1. Mr. Benjamin Ozoadibe
2. Chaterine Ozoadibe
MANAGEMENT PROFILE
Mr. Benjamin Ozoadibe Managing
Director/CEO
Chaterine Ozoadibe Executive Director
Mr. Okechukwu Manager
RELATED COMPANY
Nil
BRANCHES
Nil
BANKER
Nil
TRADE REFERENCES
Nil
PAYMENT REFERENCE
Nil
PRODUCT DESCRIPTION
Auto-spare part, such as; Injectors, Valus, Gear box, Fan belts etc
PERFORMANCE RANKING
* Quality of Management:
AVERAGE
* Ethics & Integrity: GOOD
* Ownership Structure:
GOOD
OPERATIONS
Subject is into importation of Auto-spare part, such as; Injectors,
Valus, Ger box, Fan belt etc.
Subject is located in a residential area at 226, Kirikiri Road, Olodi,
Apapa, Lagos-Nigeria.
TYPES OF CUSTOMERS
*General Public *Group of Companies* Foreign Companies
BACKGROUND
Nil
EXPANSION PLAN
Nil
PRINCIPAL ANTECEDENT
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.
DIRECT INTERVIEW
NAME: Mr. Okechukwu
POSITION: Manager
According to Mr. Okechukwu, the Managing Director/CEO is currently out
of Nigeria and that until he returns, there is noting they could do. However,
our Questionnaire was dropped till he returns from abroad.
INDUSTRIAL OVERVIEW/
OPERATING
ENVIRONMENT
The spare part business in Nigeria is one of the most lucrative ventures
in the country, with major spare parts markets, such, Ladipo market- Lagos,
Idumota spare parts market- Lagos, and Onitsha Head Bridge. Etc. The venture
does not require a very large space as office and is mostly dominated by the
Igbo speaking tribe in Nigeria.
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 226, Kiri-Kiri Road, Olodi, Apapa,
Lagos-Nigeria.
OFFICIAL REMARKS
Having carried out all necessary research on subjects, our
investigations revealed that, the company, Benoz International Company Limited is duly registered in Nigeria, with a
registered address, 132A, A/Adele Road, Lagos.
While the operational office address is at 226, Kirikiri Road, Olodi,
Apapa, Lagos .
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%)