MIRA
INFORM REPORT
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Report Date : |
14.07.2011 |
IDENTIFICATION DETAILS
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Name : |
NAIROBI BOTTLERS LTD |
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Registered Office : |
LR
209/7155 16th floor Lonro Hse Standard Street P.o. Box 18034-00500 Nairobi |
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Country : |
Kenya |
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Date of Incorporation : |
29.12.1978 |
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Com. Reg. No.: |
18626 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Manufacturers of beverages from the Coca-Cola Company Ltd i.e. they act as their agents in Nairobi, Kenya |
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 150,000 |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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: NAIROBI BOTTLERS LTD
Requested Name: NAIROBI
BOTTLERS
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address: Alice Kerubo,
Airport North Road, Nairobi
Registered Address: LR 209/7155 16th
floor Lonro Hse Standard Street
Postal Address: P.o. Box 18034-00500
Nairobi
Country: Kenya
Phone: 254-20-534276
Fax: 254-20-534276
Email: nbl@wananchi.com
Website: None
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 150,000 on 90
days.
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 29-Dec-1978
Reg. Number: 18626
National ID: P000611756Q
Nominal Capital KES 71,100,000 divided into Shares 3,555,000 Each
20
Subscribed Capital KES 71,100,000
Paid Up Capital KES 71,100,000
Subscribed Capital
is Subscribed in the following form:
Position Shares
Mr. Chris J. Kirubi MD/ CEO
Mr. Michael Arthur Smith Director
Mr. Stuart Eastwood Director
Mr. Ian Robert Bishop Director
Mr. Phillip Hugo Gutshine Director
Mr. William Asiko Director
Mr. Collin Bryan Rushmere Director
Mr. Maina Karuiki Director
Mr. Barry Michael Taylor Director
Mr. Johan William Martin Jarsen Director
Mr. Olusegun Ogunsanya Manager
Ms. Alice Kerubo Admin
Coca cola Sabco (E.A) ltd Uk Chanel Island Shareholder
RELATED COMPANIES
Coca cola Sabco (E.A) ltd Uk Chanel Island Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
Various in Kenya Branches of the firm
OPERATIONS
Registered to operate manufacturers of beverages from
the Coca-Cola Company Ltd i.e. they act as their agents in Nairobi, Kenya
Imports: None
Exports: Neighboring
countries
Trademarks: Coca-Cola
Terms of sale: Cash
(80%) and 30 days (20%), invoices.
Main Customers: Departmental
Stores and outlets
Employees: 510
employees.
Vehicles: Several
motor vehicles.
Territory of sales: Kenya
Location: Owned
premises, 100,000 square feet
AUDITORS AND INSURANCE
Auditors: Price Water House Coopers
Insurance Brokers: Jubilee
insurance
FINANCE
Currency Reported: Kenya Shillings (KES)
Approx. Ex. Rate: 1 US Dollar = 85.14 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 7,500,000,000
BANK
Bank Name: KENYA COMMERCIAL BANK LIMITED
Branch: United Nations Branch, 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.
The address you provided
i.e. Alice Kerubo, Airport North Road, Nairobi, should be as above.
Alice Kerubo is part of the administration of the
subject company.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.59 |
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1 |
Rs.71.07 |
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Euro |
1 |
Rs.62.40 |
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.