MIRA
INFORM REPORT
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Report Date : |
16.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
NOAM INTEGRATED LIMITED |
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Registered Office : |
20, Bomosu Street, Aguda, Surulere, Lagos |
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Country : |
Nigeria |
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Date of Incorporation : |
13.08.1996 |
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Com. Reg. No.: |
298043 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter |
RATING &
COMMENTS
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MIRAs 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 : |
No Complaints |
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Litigation : |
Clear |
IDENTIFICATION
COMPANY NAME: NOAM
INTEGRATED LIMITED
REGISTERED NAME:
NOAM INTEGRATED LIMITED
REGISTERED ADDRESS: 20, Bomosu Street, Aguda, Surulere, Lagos
HEAD OFFICE ADDRESS: 19,
Tokunbo Alli Street, Ikeja, Lagos.
TELEPHONE(S): 234
(0)803-820-3753
FAX: Nil
MOBILE: 234 (0)803-820-3753
E-MAIL: bodped@yahoo.co.uk
WEBSITE: Nil
POSTAL ADDRESS: 19, Tokunbo Alli Street,
Ikeja, Lagos.
Subject is an importer and
exporter
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 N118 to 1 US $.
SUMMARY
NATURE
OF PREMISES: Leased, office space at head office occupying
approximately 110 square metres.
DATE INCORPORATED: 13th
August 1996
YEAR BEGAN OPERATION:
1996
LEGAL FORM: Private Limited Company
REGISTRATION NO:
RC: 298043
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: 5
OWNERSHIP/SHAREHOLDING
STRUCTURE
Name %Held
Nwanze O. Andrew 65%
20, Bomosu Street,
Aguda, Surulere, Lagos
Nwanze O. Mary
35%
20, Bomosu Street,
Aguda, Surulere, Lagos
SHARE HOLDERS (PREVIOUS)
Nil
DIRECTORS
Nwanze O. Andrew
Nwanze O. Mary
MANAGEMENT PROFILE
Nwanze O. Andrew
Executive Director
Nwanze O. Mary Executive Director
Mr. Pedro Ezeh Managing Director
SUBSIDIARY COMPANY
Nil
PARENT COMPANY
Nil
BRANCHES
Port Harcourt, River State
BANKER
Name: Sterling Bank
Plc
Address: Port Harcourt
Refinery Yard, Port Harcourt
Account No. 20121412510
Tel: 234-84-424690
Contact Person: Mr. Kalu Eleanya
TRADE REFERENCES
Local and International
PAYMENT REFERENCES
Local and International
PRODUCT DESCRIPTION
General Goods
PERFORMANCE RANKING
* Quality of Management: FAIR
* Ethics & Integrity: GOOD
* Ownership Structure: GOOD
OPERATIONS
Subject is an importer and
exporter
Subject is located in a central/commercial
business area at 19, Tokunbo Alli Street, Ikeja,
Lagos.
TYPES OF CUSTOMERS: General Public, Group of
Companies, Foreign Companies etc.
BACKGROUND
Nil
EXPANSION PLAN
Nil
PRINCIPAL ANTECEDENT
1. Name: Mr.
Pedro Ezeh
Position: Managing Director
Profession: Businessman
Nationality: Nigerian
PHYSICAL VISIT
Visits
were made to the followings:
1.
COMPANY PREMISES
2.
CORPORATE AFFAIRS COMMISSION.
FINANCES
Subject
Audited Account was not available as at the time of our investigation.
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RISK RATING ASSESSMENT: |
Apparently
healthy, with adequate working capital to meet normal commitments. |
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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 |
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DIRECT INTERVIEW
1. Name: Mr. Pedro Ezeh
Position Managing
Director
Mr. Pedro Ezeh who is the Managing Director was interviewed through
Telephone, but he declined information. Though attempts were made to convince
him on the importance of the mission to his office he declined, insisting on
not divulging any further information about the company. He stated that any
Company that is interested in sourcing information about his own company
should contact him directly and latter notify him that an information company
would come for verification and confirmation. Notwithstanding, our standard
questionnaire was sent to him via his email address.
INDUSTRIAL OVERVIEW/ OPERATING
ENVIRONMENT
Subject is operating in an industry with very great potentials. With the
Local Content Initiative of the supervising agency, Nigerian
indigenous companies now have exclusive rights to up-fo 30% of all contracts
awarded within the industry.
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 19, Tokunbo Alli Street, Ikeja, Lagos.
OFFICIAL REMARKS
Having carried out all necessary research on subject, our
investigations revealed that, the company, Noam Integrated Limited is
duly registered in Nigeria, with a registered address, 20,
Bomosu Street, Aguda, Surulere, Lagos. While the operational office address is
20, 19, Tokunbo Alli Street, Ikeja, Lagos.-Nigeria.
All information contained in this
reports are from both primary and secondary 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. |
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%)