MIRA
INFORM REPORT
|
Report Date : |
13.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
COPY CAT LTD |
|
|
|
|
Registered Office : |
P.O Box 41315 Nairobi |
|
|
|
|
Country : |
Kenya |
|
|
|
|
Date of Incorporation : |
27.04.1984 |
|
|
|
|
Com. Reg. No.: |
27369 Nairobi, Kenya |
|
|
|
|
Legal Form : |
Limited Liability Company, Limited by Shares |
|
|
|
|
Line of Business : |
Import and Distribution of office equipment, information technology
systems, security and banking systems. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 100,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
COMPANY REPORTED
COPY CAT LTD
Principal Address
P.o Box 41315 Nairobi, Kenya
Telephone: +254-20-534008/09/10/11/12/13
Fax: +254-20-534014/15
Email: info@copycattd.com
Internet: www.copycatltd.com
Established
27/04/1984
Registration
No. 27369 Nairobi,
Kenya
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
300
Office & Factories
Head offices 7th floor, Longonot place, Kijabe street,
Nairobi
Branches Eldoret, Kisumu, Embu, Nakuru, Kisii,
Mombasa, and Nyeri in Kenya
Company Profile
Paid in Capital KSHS. 20,000,000
Subscribed Capital KSHS. 20,000,000
Shareholders
Name Position Amount
Ratio
Mr. Rajinder D.
Patel CEO 750,000 75.00%
Mr. Nazir Noordin Director 249,980 23.00%
Miss. Neelam Pal Director 20 2.0%
Mr. Suleman
Sanghar Director
Mr. Vishal Patel Director
Total 1,000,000 100.00%
Credit Opinion
Our proposed credit amount of USD 100,000 is recommendable
Affiliated Companies
Company (1) BUSINESS MACHINES
(TANZANIA) LTD
Company (2) DIGITAL REPROGRAPHIC
LIMITED
Company(3) COPY CAT (UGANDA)
LTD
Company(4) COPY CAT
(TANZANIA) LTD
Management/ Directors
President/ CEO (1)
Name Mr.
Rajinder D. Patel
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr.
Nazir Noordin
Þ Top decision maker is the person who has the
ultimate authority or power to make important managerial decisions. He/She may
or may not be officially registered as a president or an executive director.
Business Activities
Import and
distribution of office equipment ,information technology systems, security and
banking systems.
Terms of payment
Buying terms 30%
in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
Nashuatec (photocopy machines), Compaq Digital
(Computers), Pitney Bowes
Customers
Government Offices, Parastatals,
Chain Stores and the Local companies
Recent Sales
KSHS. 480,000,000
(2007)
Exports
Neighboring
countries
Export Ratio
20.0%
Import Ratio
30.0%
Domestic Market Share
40.0%
Banking relationship
Main Banks CFC BANK LIMITED,
Chiromo road branch, P.o. Box 72833, Nairobi, Kenya
Auditors A M SHAH &
SONS, NAIROBI
Credit Check of Subject,
President & CEO (as of report date)
Payment Morale: : In the documents at our
disposal nothing adverse has been shown so far.
CREDIT RATING:Financial situation is
average.
COMMENTS
Maximum credit we recommend is USD 100,000 outstanding at any one time.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.67 |
|
UK Pound |
1 |
Rs.80.92 |
|
Euro |
1 |
Rs.63.71 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)