MIRA INFORM REPORT

 

 

Report Date :

29.01.2008

 

IDENTIFICATION DETAILS

 

Name :

DKAKU KENYA LTD

 

 

Registered Office :

P O Box 20038 - 00200 Nairobi

 

 

Country :

Kenya

 

 

Legal Form :

Limited Liability Company, Limited by Shares

 

 

Line of Business :

General Trading Company

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

 

COMPANY REPORTED

 

DKAKU KENYA LTD

 

 

Principal Address

 

P O Box 20038 - 00200 Nairobi, Kenya

Telephone: +254-45 -23101

Fax: +254-45 -23101

Email: None

Internet: None

 

 

Registration

 

Not found

 

 

Legal Form

 

Limited Liability company, Limited by shares

 

 

Stock Listing

 

Not Listed

 

 

Workforce

 

2006                                                                                         

400                                                                                           

 

 

Office & Factories  

 

Head offices                                   P O Box 20038 - 00200 Nairobi, Kenya

Branches                                       None

 

Company Profile

 

Paid in Capital                               KSHS. 100,000

Subscribed Capital                         KSHS. 100,000

 

 

Shareholders     

 

Name                                           Position                          Amount                         Ratio

Mr. Teddy S Buchirwa                    Director                                                         

Mrs. A M Buchirwa                         Director                                                         

Total                                                                                                                       100.00%

 

 

Credit Opinion

 

We propose Secured credit

 

 

Affiliated Companies   

 

None

 

 

Management/ Directors    

 

President/ CEO (1)            

Name                                Mr. Teddy S Buchirwa

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 

 

General Trading Company

 

 

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 could not be ascertained

 

 

COMMENTS

 
We are having difficulty in getting factual information on Subject Company. Subject has refused to provide information and we are having difficulty in getting subject’s file at the Registrar of companies’ office. It should however be noted that at the moment the office of the Registrar of companies is not very efficient and hence are not properly maintained and files are missing. The Index at the Registrar of Companies is not up to date. We are still investigating but in the meantime the following information was available from outside resources.
 
We recommend Secured Credit

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions