MIRA
INFORM REPORT
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Report Date : |
18.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
LAVI’S INTERNATIONAL LTD |
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Registered Office : |
P.O Box 56004 Nairobi |
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Country : |
Kenya |
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Date of Incorporation : |
21.9.1998 |
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Com. Reg. No.: |
214618 Kenya |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Retailers of Electronics and Toys etc |
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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Maximum Credit Limit : |
USD 70,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
LAVI’S INTERNATIONAL LTD
Principal Address
P.o Box 56004 Nairobi Kenya
Telephone: +254-20-3744067/
652313
Cell: +254-733250750
Fax: +254-20-3744067/
3754460
Email: None
Internet: None
Established
21/9/1998
Registration
No. 214618 Kenya
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
10
Office & Factories
Head offices Diamond
Plaza, Highridge, Nairobi, Kenya
Branches None
Company Profile
Paid in Capital KES. 100,000
Subscribed Capital KES. 100,000
Shareholders
Name Position Amount
Ratio
Mr. Ramchandani
Suresh (Sunny) Director 50.00%
Mr. Shabnam Dawood Director 50.00%
Mr. V Prakash Director
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 70,000 is recommendable
Affiliated Companies
Company (1) CASUAL COLLECTION
LTD
Management/ Directors
President/ CEO (1)
Name Mr.
Ramchandani Suresh
Remarks Top
Decision Maker
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
Retailers of
Electronics & toys etc
Terms of payment
B
Buying terms 30% in cash, 70% on credit
Selling terms 90% in cash, 10% on credit
Suppliers
Various Distributors
Customers
Public in general
Recent Sales
KES. 80,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
10.0%
Domestic Market Share
20.0%
Banking relationship
Main Banks Prime Bank
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 70,000 outstanding at any one time.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.23 |
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UK Pound |
1 |
Rs.80.89 |
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Euro |
1 |
Rs.63.80 |
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 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%)