MIRA
INFORM REPORT
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Report Date : |
04.03.2011 |
IDENTIFICATION DETAILS
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Name : |
KES PRODUCTS LIMITED |
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Registered Office : |
Plot 1232, |
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Country : |
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Date of Incorporation : |
28.10.1994 |
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Com. Reg. No.: |
RC: 256504 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
-- |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
OPERATIONS
The company’s line of business could not be
determined
COMPANY LOCATION
The company is located at
2813,
IDENTIFICATION
COMPANY NAME: KES PRODUCTS LIMITED
REGISTERED NAME: KES
PRODUCTS LIMITED
REGISTERED ADDRESS: Plot
1232,
HEAD OFFICE ADDRESS: 2813,
Victoria
Island,
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: Leased
office space occupying approximately 350 square metres.
DATE INCORPORATED: 28th October, 1994
YEAR BEGAN OPERATION:
1994
LEGAL FORM: Limited Liability Company
REGISTRATION NO: RC:
256504
SHARE CAPITAL: 1,000,000.00
ALLOTTED SHARE CAPITAL: 1,000,000.00
PAID-UP CAPITAL 1,000,000.00
STAFF STRENGHT:
Undetermined
OWNERSHIP/SHAREHOLDING STRUCTURE
1.
Efe Oputu
Plot 1232,
2.
Jite Letroneux
Plot 1232,
DIRECTORS
1. Efe
Oputu
2. Jite
Letroneux
BACKGROUND
Kes Products Limited was incorporated on 28th October,
1994 with Registration Number (RC: 256504). Its Corporate head office is
located at 2813,
During our visit on 1st March, 2011, there was
nobody in the premises to speak with but the security guard of the opposite
building informed us that the company Kes
Products Limited exists in the building before but has relocated to an
unknown location, he does not also know the company’s line of business. All
efforts to reach the company has proved abortive as there was no contact number
or e-mail provided.
Conclusion: Based
on our visit and available information, we are of the opinion that the company
exists but has relocated to an unknown located. As such, we advised that any business relationship with the company
should be suspended until the current address is known and verified.
TYPES OF CUSTOMERS
UNDETERMINED
PERFORMANCE RANKING
* Quality of
Management: UNDETERMINED
* Ethics &
Integrity:
UNDETERMINED
* Ownership
Structure: UNDETERMINED
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
UNDETERMINED
CMT REPORT (Corruption, Money Laundering & Terrorism)
UNDETERMINED
OFFICIAL REMARKS
Having carried out all necessary
verifications on the company, our investigations revealed that Kes Products Limited is duly registered
in Nigeria with a registered address is located at Plot 1232, Bishop Oluwole
Street, Victoria Island, Lagos State, Nigeria, while its PREVIOUS operational address is located at 2813, Gaffar
Information contained in
the report are mostly from secondary sources only.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.96 |
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1 |
Rs.73.37 |
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Euro |
1 |
Rs.62.33 |
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.