MIRA
INFORM REPORT
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Report Date : |
05.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
DAWA
LIMITED |
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Registered Office : |
P.O. Box 16633-00620 , Nairobi |
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Country : |
Kenya |
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Date of Incorporation : |
05.08.2004 |
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Com. Reg. No.: |
111518. Nairobi, Kenya |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Manufacturer of Drugs and Pharmaceuticals Products. |
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 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
DAWA
LIMITED
Principal Address
P.O. BOX 16633-00620 , Nairobi, Kenya
Telephone: +254-20-802404/
6752740
Fax: +254-20-861550/
803996
Email: dawa@africaonline.co.ke
Established
5th August, 2004
Registration
No.111518.
Nairobi, Kenya
Legal Form
Limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
65
Office & Factories
Head offices LR 1870/111/
164 CNR Brook side Drive, Brook side Garden
Branches None.
Company Profile
Paid in Capital KShs. 100,000
Subscribed Capital KShs. 100,000
Shareholders
Name Position Amount
Ratio
Mrs. Reema shah Managing Director 100 1.00%
Medisel (K) Ltd Holding Co. 9,900 99.00%
Total 10,000 100.00%
Credit Opinion
Our proposed
credit amount of USD 100,000 is recommendable
Affiliated Companies
Company (1) UNICORN PHARMA (K) LTD
Management/ Directors
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President/
CEO (1) |
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Name |
Mrs. Reema shah |
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Work Experience |
12 years in this line of business |
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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
Manufacturer of
drugs and pharmaceuticals products.
Terms of payment
Buying terms 30%
in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
Universal Corporation
Customers
Wholesalers, retailers,
pharmacies, hospitals etc
Recent Sales
KSHS. 218,000,000
(2007)
Exports
Uganda And
Tanzania
Export Ratio
20.0%
Import Ratio
60.0%
Domestic Market Share
52.0%
Banking relationship
Main Banks I&M BANK LTD,
Nairobi, Kenya
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 100,000 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.44.37 |
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UK Pound |
1 |
Rs.78.09 |
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Euro |
1 |
Rs.63.41 |
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%)