MIRA
INFORM REPORT
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Report Date : |
24.02.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
BENBOK LIMITED |
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Registered Office : |
65, |
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Country : |
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Date of Incorporation : |
18.12.1992 |
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Com. Reg. No.: |
RC: 211672 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Electrical Engineering Services |
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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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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Nigeria |
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 |
Company name
BENBOK LIMITED
OPERATIONS
The company engages in Electrical Engineering Services.
COMPANY LOCATION
The company is located at Bensima House, Opposite Maitama Clinic,
Maitama,
RISK FACTORS
Credit
Risk
RISK RATING ASSESSMENT: Apparently healthy, with adequate
working capital to meet normal Commitments
CREDIT LINE AMOUNT
: Normal
CREDIT LINE OPINION
: Subject appears to be a credit worthy organization
IDENTIFICATION
COMPANY NAME: BENBOK
LIMITED
REGISTERED NAME: BENBOK
LIMITED
REGISTERED ADDRESS: 65,
Isangedihgi Street, Oron, Akwa Ibom State, Nigeria
HEAD OFFICE ADDRESS: Bensima
House, Opposite Maitama Clinic, Maitama, Abuja, FCT, Nigeria
MOBILE: 234-808-021-8276
PRIMARY CONTACT: Engr.
Amba Ibok Nsuware (Managing Director)
Currency: All monetary quoted in this report are in Nigerian
Naira, the local currency or unless otherwise stated. The exchange rate is N148
to 1 US $.
SUMMARY
NATURE OF PREMISES:
Leased office space occupying
approximately 350 square metres.
DATE INCORPORATED:
18th December, 1992
YEAR BEGAN OPERATION:
1992
LEGAL FORM: Limited Liability Company
REGISTRATION NO:
RC: 211672
SHARE CAPITAL: 200,000.00
ALLOTTED SHARE CAPITAL: 200,000.00
PAID-UP CAPITAL 200,000.00
STAFF STRENGHT:
About ten (10)
OWNERSHIP/SHAREHOLDING STRUCTURE
Celette Amba
65, Isangedighi Street, Oron, Akwa Ibom State, Nigeria
Amba Ibok Nsunwara
65, Isangedighi Street, Oron, Akwa Ibom State, Nigeria
DIRECTORS
Celette Amba
Amba Ibok Nsunwara
MANAGEMENT PROFILE
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S/NO |
NAMES |
POSITION |
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1. |
Engr. Amba Ibok Nsunware |
Managing Director |
BACKGROUND
Benbok Limited was incorporated on 18th December, 1992 with
Registration Number (RC: 211672). It Corporate head office is located at Bensima
House, Opposite Maitama Clinic, Maitama, Abuja, FCT, Nigeria.
The company is engaged in electrical engineering services.
During our visit to the address, the staff of the company we
met refused to supply any information about the company including his name. We
later spoke with Engr. Amba Ibok Nsunware on phone (234-808-021-8276) who
stated that he was in Dubai.
Conclusion: Based on our visit and available information,
we are of the opinion that the company exists and into legitimate business. As
such, any business relationship with the company should be mutually beneficial.
TYPES OF CUSTOMERS
General Public,
Group of Companies
State and Federal Government etc.
PERFORMANCE RANKING
* Quality of Management: AVERAGE
* Ethics & Integrity: GOOD
* Ownership Structure: GOOD
FINANCES
The company’s Audited Account was not available during our
visit; therefore, as such, its present financial state could not be
ascertained.
INDUSTRIAL OVERVIEW/ OPERATING ENVIRONMENT
There are many opportunities in this sector of the economy.
This could be largely achieved through Foreign Companies joint ventures with
Nigerian companies, with adequate Training/Technical Assistance - Provision of
training facilities for a large work force indirectly engaged in the Sub-Sector
of the economy. This sector of the economy has great potentials for intending
investors.
CMT REPORT (Corruption, Money Laundering & Terrorism)
Public Notice from various sources including but not limited
to: The Courts, Nigerian Prison Service, Economic & Financial Crimes
Commission (EFCC), National Drug Law Enforcement Agency (NDLEA), National
Agency for Food & Drugs Administration and Control (NAFDAC), Independent
Corrupt Practices and other related offences Commission (ICPC) Etc.
No negative information on subject from the above agencies.
OFFICIAL REMARKS
Having carried out all necessary verifications on the
company, our investigations revealed that Benbok Limited is duly registered in Nigeria
with a registered address is located at 65, Isangedighi Street, Oron, Akwa Ibom
State, Nigeria, while its operational address is located at Bensima House,
Opposite Maitama Clinic, Maitama, Abuja, FCT, Nigeria.
The company is into genuine business transactions. It is an on-going concern.
Information contained in the report is mostly from secondary
sources.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.20 |
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1 |
Rs.73.16 |
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Euro |
1 |
Rs.61.88 |
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.