%2015-Jan-2011_files/image002.jpg){kind=small}
MIRA INFORM
REPORT
|
Report Date : |
15.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
OKOLISON BROTHERS NIGERIA LIMITED |
|
|
|
|
Registered Office : |
39, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
20.11.1981 |
|
|
|
|
Com. Reg. No.: |
RC: 43171 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer, Importer and Distributors of Electric Power Transmission
and Distribution Equipment and Commodity Brokers |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
Unknown |
|
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
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
OKOLISON
BROTHERS NIGERIA LIMITED {UPDATE}
OPERATIONS
The company is a
Manufacturer, Importer and Distributors of Electric Power Transmission and
Distribution Equipment and Commodity Brokers in
COMPANY LOCATION
The company is located at Plot
39, Block 88,
CREDIT LINE OPINION
Subject appears to be a credit worthy
organization
IDENTIFICATION
COMPANY NAME: OKOLISON BROTHERS NIGERIA LIMITED
REGISTERED NAME: OKOLISON
BROTHERS NIGERIA LIMITED
REGISTERED ADDRESS: 39,
HEAD OFFICE ADDRESS: Plot 39, Block 88, Amuwo Odofin, Ago
Opposite, CCECC,
Amuwo GRA, Amowo Odofin,
POSTAL ADDRESS: PMB, 0189,
TELEPHONE: 234-1-6599521
EMAIL: info@okolisonbrothers.com, okolisonmd@yahoo.com
WEBSITE: www.okolisonbrothers.com
PRIMARY CONTACT: Chief Ralph Eze-Okoli Ikechikwu (Chairman/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
SUMMARY
NATURE
OF PREMISES: Owned office space
occupying approximately 1,300 square metres.
DATE
INCORPORATED: 20th November, 1981
YEAR
BEGAN OPERATION: 1981
LEGAL
FORM:
Limited
Liability Company
REGISTRATION
NO: RC: 43171
SHARE
CAPITAL: 100,000.00
ALLOTTED
SHARE CAPITAL: 100,000.00
PAID-UP
CAPITAL 100,000.00
COMPANY
SECRETARY: Olawale Rokosu & Co.
13,
Tel:
234-803-3435424
SOLICITOR: Ikem Okekwe & Co.
36,
Tel:
234-803-7121195
AUDITOR: Ibrahim Ifeanyi & Co.
13,
TURNOVER: N750 million
PROFIT BEFORE TAX: N40 million
NETWORTH: N200 million
FINANCIAL YEAR END: 31st December
STAFF STRENGHT: Twenty (20)
OWNERSHIP/SHAREHOLDING STRUCTURE
Names Shares
Held
1.
Raphael Eze Okoli 52%
39,
2.
Juliana Ngozi Eze 18%
39,
3.
Ikechukwu Raphael
Eze 15%
39,
4.
Nzubechukwu Jim
Eze 15%
39,
PREVIOUS SHAREHOLDERS
1.
2.
Chukwuemeka
Chukwuma
DIRECTORS
1. Raphael
Okoli
2. Juliana
Ngozi Eze
3. Ikechukwu
Raphael Eze
4. Nzubechukwu
Jim Eze
MANAGEMENT TEAM
S/N Name Position Qualifications
1.
Ralph Exe-Okoli Managing Director HND, Electrical
Electronics
2.
Juliana Eze-Okoli Executive Director B. ED, Education
3.
Ikechukwu Eze-Okoli Director B.Sc, Info
Tech
4.
Ugochukwu Akam Director B.Sc
Electrical Engineering
5.
Chris Nnaji Marketing Manager B.A. Marketing
BACKGROUND
Okolison Brothers Nigeria Limited was incorporated on the
20th November, 1981 with registration number (RC:
43171). It Corporate head office is located at Plot 39, Block 88, Amuwo
Odofin Ago Palace Link Bridge, Opposite, CCECC, Amuwo GRA, Amuwo Odofin, Festac
Town Lagos State, Nigeria. The premise is made up of a storey building uses for
business activities.
Okolison Brothers
Nigeria Limited is a Manufacturer, Importer and Distributors of Electric
Power Transmission and Distribution Equipment and Commodity Brokers in
Okolison Brothers
Nigeria Limited has experienced mechanical and electrical Engineers to
ensure efficient power delivery from every electric and power distribution
equipments sold. It provides proper maintenance and follow up services. Okolison Brothers Nigeria Limited
answers clients demands and request efficiently and in record time with the
best of expertise, professionalism and resources. Its highly trained service
engineers have under extreme conditions succeeded in maintaining the power
distribution equipments with full reliability and thus guaranteeing its
customers trust and comfort.
During our visit on 29th December, 2010, the
Managing Director had traveled to Eastern part of the country for Christmas
Break. We contacted the Director, Operations and Development Mr. Eze-Okoli
Raphael Ikechuckwu who received our documents and promised to work on it based
on instruction from his boss as soon as possible. He reiterated that the
company engaged in Manufacturing, Importation and Distribution of Electric
Transmission and Distribution Equipments. Moreover, he informed us that the
company has a strong relationship (business) with ABB Electric, Schneider
Electric, Auto-Mat (Tripping Unit & Chargers and Europower). On our visit,
we saw close to 15 (Fifteen) different types of Electrical Equipments within
the compound.
Conclusion: Based
on our visit, discussion with the Managing Director on telephone no.
(234-803-304-7855), Director, Operations and Development and Equipments
sighted, we are of the view that Okolison
Brothers Nigeria Limited runs a legitimate business. As such, any business relationship with the company is may be mutually
beneficial.
BANKERS
·
Standard Chartered Bank Nigeria
Limited, Apapa, Branch,
Account
Number: 0170186100
Account
Officer’s name: Ambrose Oke (234-802-3390691)
·
Zenith Bank Plc,
Account
Number: 601511206
Account
Officer’s name: Miss Hilda (234-803-8430326)
PRODUCT DESCRIPTION
·
11KV & 33KV Distribution Transformers.
·
11KV & 33KV Power Transformers.
·
11KV &33KV Switchgear Panels (indoors) sf6 & vacuum.
·
33KV Outdoor Circuit Breakers- Sf6 & vacuum.
·
·
33kv Voltage Transformer Outdoor.
·
11kv & 33kv XLPE cables (Single & three core).
·
11kv & 33kvPin & Pot Insulators with Spindles.
·
11kv & 33kv Disc insulators.
·
33kv Current Transformer Out door
FOREIGN RELATIONS
·
ABB Electric -
·
Schnieder Electric -
·
Bonle Electric -
·
Automat charger -
·
Astor-Transtek -
BUSINESS PARTNER
Goolink Power
Engineering Company. Nigeria Limited
MAJOR CLEINTS
· POWER HOLDING company of Nigeria PLC (PHCN) H/Q and distribution zones
· State Government and Parastatals
· Local government
· Universities
· Electrical Engineering Contractors and Industries
BRANCH OFFICE
MARKET OFFICE:
Shop F 2066 Alaba
International Market (electrical section), Ojo Alaba,
P.M.B 0189 Festac Town Lagos, Nigeria
234-803-304-7855, 809-873-2488, 803-363-4287
e-mail: info@okolisonbrothers.com
, salesinfo-01@okolisonbrothers.com
NORTHERN OFFICE:
F9 Kaduna road PZ
area canteen, Zaria Kaduna state
P.O. Box 615 Zaria Kaduna state,
234-69-331633, 234-803-304-7855, 803-450-9853, 805-490-4391
e-mail: info@okolisonbrothers.com
, salesinfo-01@okolisonbrothers.com
EASTERN OFFICE:
The Grace Of God
Plaza, Oba International Market Oba Idemili South Local Govt. Area,
Anambra state,
234-803-304-7855, 803-363-4287, 806-673-2488
e-mail: info@okolisonbrothers.com
, salesinfo-01@okolisonbrothers.com
VISION
To create a World-class Electrical Equipment manufacturing and
distribution company that will stand the test of time and contribute to the
infrastructural development in
MISSION
To provide genuine and reasonably priced medium and high voltage
equipments in
TYPES OF CUSTOMERS
· Group of Companies
· Local Authorities
· General Public
· Power Generating Outfits
· Foreign Companies etc.
TRADE REFERENCE
·
Electrical Dealers Association, Alaba Int’l
Market, Ojo,
·
Industrial Market Association, Alaba Int’l
Market, Ojo,
· Oba International Market Association, Oba.
PERFORMANCE RANKING
* Quality of
Management: GOOD
* Ethics &
Integrity: GOOD
* Ownership Structure: GOOD
PHYSICAL VISIT
· Company Premises
· Corporate Affairs Commission
FINANCES
Subject Audited
Accounts was not available as at the time of compiling this report. However,
The Company’s estimated turnover could be put at $100 Million (One Hundred
Million Dollars).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.30 |
|
|
1 |
Rs.71.73 |
|
Euro |
1 |
Rs.60.40 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
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.