MIRA
INFORM REPORT
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Report Date : |
27.10.2008 |
IDENTIFICATION DETAILS
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Name : |
DESBRO KENYA LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
23.08.1954 |
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Com. Reg. No.: |
681/09 |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Wholesale, Import, Export and Distribution of Industrial
Chemicals and Raw Materials for the Drycleaning, Laundry and Kitchen Industries;
Welding Equipment and Accessories |
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 : |
USD120,000.00 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
Desbro Kenya Ltd
Also Trade as: -
Contact Information
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Address |
Kampala Road, Industrial Area, Nairobi, Kenya East Africa |
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Postal Address |
P O BOX 42469 |
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Telephone |
+ 254 2 542195 + 254 2 542196 + 254 2 542197 |
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Fax |
+ 254 2 542147 + 254 2 543791 |
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Telex |
24246 |
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Email |
desbro@desbrokenya.com |
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Website |
www.desbrokenya.com |
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Other Information |
- |
Registration Data
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Date of Registration |
23/08/1954 |
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Registration number |
681/09 |
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Legal address |
Kampala Road, Industrial Area, Nairobi, Kenya East Africa |
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Legal Form |
Limited Liability Company |
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Share Capital |
2,400,000.00 KES |
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Other Registration Data |
- |
Shareholders
with Shares
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Shareholder Names |
Share% |
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Desbro Group
Kenya |
100% |
Board/Executive
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Name |
Mr. Suman Kumar Sennik |
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Position within the company |
Managing Director |
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Country of Birth |
India |
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Nationality |
Indian |
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Can fluently speak |
English, Hindi |
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Name |
Mr. Desraj Sennik |
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Position within the company |
Founder |
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Country of Birth |
India |
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Nationality |
Indian |
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Can fluently speak |
English, Hindi |
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Name |
Mr. Pranab Ganguli |
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Position within the company |
Director |
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Country of Birth |
India |
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Nationality |
Indian |
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Can fluently speak |
English, Hindi |
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E-mail |
pranab@desbrikenya.com |
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Mobile |
+254 725 877754 |
Changes in
Registration Data
None recorded
Activities (
realistic and officials)
Wholesale,
Import, export and distribution of industrial chemicals and raw materials for
the drycleaning, laundry and kitchen industries; welding equipment and
accessories
It us a sole representative for
Flexsys in Kenya, Tanzania &
Uganda.
Staff
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Number of staff employed |
45 |
Export/Import
( Countries, goods and total values for the period)
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Imports From |
USA, Europe, Far East |
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Importing Terms |
Letters of credit |
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Import % and type of product |
100% -
Finished Products |
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Exports To |
China, Hong Kong, Latin America |
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Exporting Terms |
Letters of credit |
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Export % and type of product |
20% -
Finished Products |
Facilities
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Owned |
Office, Warehouse |
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Premises Size |
- |
Subsidiaries
and Participation
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Parent Company |
Desbro Group Kenya |
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Subsidiaries |
- |
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Affiliates |
PPP PIPING SYSTEMS LTD ROMOLD ( STR MARKETING LTEE MRC WIRE PRODUCTS LTD GALVANIZED & FINE WIRES LTD MESH & STEEL TRADING LTD DESBRO TRADING LTD AFRI PIPING SYSTEMS (PTY) LTD
AFRI PIPING |
Branches
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Address |
- |
Bankers
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Bank |
National Bank of Kenya |
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Branch |
Nyeri |
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Address |
- |
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Telephone |
- |
Suppliers,
Partners
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Suppliers |
Not known |
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Agencies |
FLEXSYS USA BOROUGE UAE Fronius International GmbH Austria |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
It declined all financial information.
Representation
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Auditors |
- |
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Solicitors |
- |
Reporter Comments
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Comments |
In the interview conducted with Mr. P. Kiano ( Office Manager) , he declined bank account
number and financial information citing the grounds of company
confidentiality. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Medium Trade Risk and to be
fair. |
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Owner/Shareholders Comments |
All or most of the owners / shareholders have an active participation in
the running of the business. |
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Age of Business |
Old Family Business |
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MAX CREDIT |
USD120,000.00 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.77 |
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UK Pound |
1 |
Rs.79.78 |
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Euro |
1 |
Rs.63.36 |
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%)