MIRA
INFORM REPORT
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Report Date : |
04.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
NKHOSI BREWERIES LTD |
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Registered Office : |
P.O Box 3600016, Kafue |
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Country : |
Zambia |
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Date of Incorporation : |
20.9.1994 |
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Com. Reg. No.: |
45139 Lusaka, Zambia |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Breweries for Alcoholic and Beer Drinks |
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 80,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
NKHOSI BREWERIES LTD
Principal Address
P.o Box 3600016, Kafue, Zambia
Telephone: +260-21-1226059/
1312644
Fax: +260-21-1237721
Email: info@nkhosiholdings.com
Internet: www.nkhosiholdings.com
Established
20/9/1994
Registration
No. 45139 Lusaka,
Zambia
VAT number
10173750-13
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
240
Office & Factories
Head offices Plot 14384/M, Kafue, Plot 19 Mwalule Road,
Northmead Lusaka, Zambia
Branches None
Company Profile
Paid in Capital ZMK. 1,000,000
Subscribed Capital ZMK. 1,000,000
Shareholders
Name Position Amount
Ratio
Mr. Patrick Dingayo
Banda CEO
Mrs. Jennipher
Makukula Director
Mr. Mpumelelo
Malumo Director
Mr. Pfungwa Serima Director
Mrs. Cecelia
B.Mukwananzi Director
Mr. M Kambikambi Director
Nkhosi Holdings
ltd Holding company 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 80,000 is recommendable
Affiliated Companies
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Company (1) |
AMALGAMATED BEVERAGES LIMITED |
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Company (2) |
BEN-PATRICKS LIMITED |
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Company (3) |
EURYTOPIC LIMITED |
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Company (4) |
NEW MOTOR CENTRE LIMITED |
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Company (5) |
SPARES GALORE LIMITED |
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Company (6) |
ZAMBIA EXPRESS CARTAGE SERVICES |
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Divisions
of the Company |
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Division (1) |
NKHOSI BREWERY 1 |
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Division (1) |
NKHOSI BREWERY 2 |
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. Patrick Dingayo Banda |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mrs. Jennipher Makukula |
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
Breweries for
Alcoholic and Beer drinks
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
Various
Customers
Distributors, stores and
outlets
Recent Sales
ZMK. 22,000,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
20.0%
Domestic Market Share
50.0%
Banking relationship
Main Banks Stanbic Bank Zambia
Plc
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 80,000 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.46.88 |
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UK Pound |
1 |
Rs.82.97 |
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Euro |
1 |
Rs.64.99 |
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%)