MIRA INFORM REPORT
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Report Date : |
23.12.2011 |
IDENTIFICATION DETAILS
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Name : |
NJIMIA PHARMACEUTICALS LTD. |
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Registered Office : |
4th Floor
Cooperative Bank House, Haile Sellasie Avenue, Nairobi |
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Country : |
Kenya |
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Date of Incorporation : |
04.06.1999 |
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Com. Reg. No.: |
85867 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
retailing of
pharmaceutical & Medical products |
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No. of Employees
: |
25 persons |
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 |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Kenya |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUBJECT'S NAME
Registered Name: NJIMIA PHARMACEUTICALS LTD.
Requested Name: NJIMIA
PHARMACEUTICALS LTD.
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address: 4th
Floor Cooperative Bank House, Haile Sellasie Avenue, Nairobi,
Kenya
Postal Address: P.o. Box 68502-00622,
Nairobi,
Country: Kenya
Phone: 254-20-313189/90/92/226173/240122/3/223372
Cell: 254-722813251/733636517/705000335/9
Fax: 254-20-313629
Email: info@njimia.co.ke
/ rkingori@njimia.co.ke
Website: www.njimia.com
CREDIT OPINION
Financial Index as of December 2010 shows subject firm with a medium
risk of credit. However, bank and credit information obtained reveal a history
of prompt payments. We recommend Credit of USD 100,000 on 90 days.
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 4-June-1999
Reg. Number: 85867
Vat Number: 0111852G
Pin Number: P051129129Z
Nominal Capital KES
40,000 Divided into Shares of 2,000 each KES 20
Subscribed Capital KES 40,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Dr Daniel Wachira Njimia MD/ CEO 1
Mr. Stephen Kiama Njimia Director 1
Ms. Grace Kiriro HR
RELATED COMPANIES
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
6 in Nairobi and 1 in Mombasa Branches of the firm
OPERATIONS
Registered to operate retailing of pharmaceutical & Medical products
Imports: Asia,
Europe
Exports: Uganda
and Tanzania (10%)
Trademarks: None
Terms of sale: Cash
(40%) and 30 days (60%), invoices.
Main Customers: Medical
firms, Hospitals and organizations
Employees: 25
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Kenya
Location: Rented
premises, 5,000 square feet,
AUDITORS AND INSURANCE
Auditors: Information not available.
Insurance
Brokers: Information not available.
FINANCE
Currency Reported: Kenya Shillings (KES.)
Approx. Ex. Rate: 1 US Dollar = 83.70 Kenya Shillings
Fiscal Year End: December
31, 2010
Inflation: According to
information given by independent sources, the
inflation
at December 31st, 2010 was of 13%.
Financial
Information not Submitted
Profit and Loss (expressed in KES.)
2010
Sales 210,000,000
BANK
Bank Name: NATIONAL INDUSTRIAL CREDIT BANK
LTD
Branch: Prudential assurance building ,Wabera street/Kaunda street, P.o.
Box 30090, Nairobi, Kenya
Comments: None
TRADE
REFERENCES
Experiences: Good
NOTARIAL
BONDS
None
COMMENTS / ADDITIONAL INFORMATION
This information was obtained from outside sources other than the
subject company itself and confirmed the above subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.78 |
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UK Pound |
1 |
Rs.82.73 |
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Euro |
1 |
Rs.68.88 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.