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MIRA
INFORM REPORT
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Report Date : |
20.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
KENYA MEDICAL
SUPPLIES AGENCY (KEMSA) |
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Registered Office : |
P.o Box 47715-00100 Nairobi |
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Country : |
Kenya |
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Date of Incorporation : |
11.02.2000 |
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Com. Reg. No.: |
239 Nairobi, Kenya |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Provide Health Care and Sanitation Products, Equipments and Services |
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 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
KENYA MEDICAL SUPPLIES AGENCY (KEMSA)
Principal Address
P.o Box 47715-00100 Nairobi, Kenya
Telephone: +254-20-537670-3
Fax: +254-20-554359,
5580100
Email: info@kemsa.co.ke
Internet: www.kemsa.co.ke
Established
11/02/2000
Registration
No. 239 Nairobi,
Kenya
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
400
Office & Factories
Head offices Commercial
Street, Industrial Area, Nairobi
Branches none
Company Profile
Paid in Capital KES. 10,000,000
Subscribed Capital KES. 10,000,000
Shareholders
Name Position Amount
Ratio
Dr. John Munyu CEO
Dr. Charles Kandie Director
Dr. Josphat Mbuva Permanent Secretary
Mr. Thomas Maina Permanent Secretary
Mr. Franz
Frederichs Director
Government Of
Kenya Holding Co. 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 150,000 is recommendable
Affiliated Companies
Company (1) DIRECTORATE OF
HEALTH PLANNING & POLICY DEVELOPMENT
Company (2) DIRECTORATE OF
REGULATION & QUALITY MANAGEMENT
Company (3) KENYA MEDICAL
RESEARCH INSTITUTE [5]
Company (4) MOI TEACHING &
REFERRAL HOSPITAL
Company (5) KENYATTA NATIONAL
HOSPITAL
Company (6) NATIONAL HEALTH
INSURANCE FUND
Company (7) NATIONAL AIDS/STDS
CONTROL PROGRAMME
Management/ Directors
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President/
CEO (1) |
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Name |
Dr. John Munyu |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Dr. Josphat Mbuva |
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
Provide health
care and sanitation products, equipments & services
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 50% in cash, 50% on credit
Suppliers
Medical & Services companies
Customers
National Hospitals
Recent Budget
KES. 940,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
40.0%
Domestic Market Share
50.0%
Banking relationship
Main Banks Kenya Commercial
Bank
Central Bank
Auditors
Auditor General
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 150,000 outstanding at any one time, and if proper documentation exists from bankers or Government a higher credit may be applied for extended days
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Exchange Rate |
US$ 1 = KES. 67.2 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. |
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UK Pound |
1 |
Rs. |
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Euro |
1 |
Rs. |
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%)