MIRA
INFORM REPORT
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Report Date : |
24.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
HIDDEN
TREASURES BOOKS WHOLESALERS LTD |
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Registered Office : |
P.O. Box 2384 - 00100, Nairobi |
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Country : |
Kenya |
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Date of Incorporation : |
11.6.2000 |
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Com. Reg. No.: |
39967 Nairobi, Kenya |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Book Shop, and Stationery Items |
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
HIDDEN
TREASURES BOOKS WHOLESALERS LTD
Principal Address
P.o Box 2384 - 00100, Nairobi, Kenya
Telephone: +254-20-556768
Fax: +254-20-556770
Email
booksfirst@nbi.ispkenya.com
Internet
None
Established
11/6/2000
Registration
No. 39967 Nairobi, Kenya
Legal Form
Limited Liability company,
Limited by shares
Stock Listing
Not Listed
Workforce
2007
40
Office & Factories
Head offices Enterprise Rd Next to Softa Bottling,
Industrial Area, Nairobi, Kenya
Branches None
Company Profile
Paid in Capital KSHS. 100,000
Subscribed Capital KSHS. 100,000
Shareholders
Name Position Amount
Ratio
Mr. Riyaz
Hisham Director 50.00%
Mrs S Hisham Director 50.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 70,000 is recommendable
Affiliated Companies
None
Management/ Directors
President/ CEO (1)
Name Mr. Riyaz Hisham
Remarks Top
Decision Maker
President/ CEO (2)
Name Mrs S
Hisham
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
Book shop, and
stationery items
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None Stated
Customers
Nakumat, Local agencies ,
stores and outlets
Recent Sales
KSHS. 210,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
50.0%
Domestic Market Share
20.0%
Banking relationship
Main Banks ABC 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.
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%)