MIRA INFORM REPORT
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Report Date : |
17.10.2011 |
IDENTIFICATION DETAILS
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Name : |
UNILEVER KENYA LIMITED |
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Registered Office : |
Commercial
Street, Opposite Ounza Ltd Industrial Area Nairobi |
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Country : |
Kenya |
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Date of Incorporation : |
13.04.1949 |
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Com. Reg. No.: |
8/49 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Manufacturers &
Distributors of Fast Moving Consumer Goods |
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 350,000 |
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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: UNILEVER KENYA LIMITED
Requested Name: UNILEVER
KENYA LIMITED
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address: Commercial
Street, Opposite Ounza Ltd Industrial Area Nairobi
Postal Address: P.o. Box No. 30062-00100
Nairobi
Country: Kenya
Phone: 254-20-692000/532505
Fax: 254-20-543912
Email: ukl.info@unilever.com
/ Mumbi.Kyalo@unilever.com
Website: www.unilever-esa.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 350,000 on 90 days.
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 13-April-1949
Reg. Number: 8/49
Nominal Capital KES. 500,000,000 Divided into
Shares of 25,000,000 each KES. 20
Subscribed Capital KES. 436,192,980
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. Heinz G Arnold Chairman
Mr. David Murevi CEO
Mr. Richard Bonfold Director
Mrs. Pauline
Muriuki Director
Mr. Michael
Karanja Director
Mr. Bayo Ligale Director
Unilever Plc Holding Company 100%
RELATED COMPANIES
Unilever Plc Parent company.
None Subsidiary company.
Unilever Tanzania,
Unilever Tea East Africa,
Unilever Uganda,
Unilever Tea Kenya Limited. Affiliated company.
None Shareholder of subject firm.
In major towns in
Kenya Branches of the firm
OPERATIONS
Registered to operate as
manufacturers & distributors of fast moving consumer goods i.e edible oils,
household products, washing powders, toilet soap, cooking
fats, tooth paste, food additives etc
Imports: Asia, Europe,
Middle East, UK
Exports: Neighboring
countries
Trademarks: Various
Terms
of sale: Cash (40%) and
25-90 days (60%), invoices.
Main Customers: Nakumatt,
Uchumi, Local agencies ,Department stores, and outlets
Employees: 1400
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Kenya
Location: Owned
premises, 200.000 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 = 103.45 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 6,230,000,000
BANK
Bank Name: KENYA COMMERCIAL BANK
Branch: Nairobi, Kenya
Comments: Other Banks
CITI
Bank N A
Barclays Bank
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. Full Financials awaited
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.07 |
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UK Pound |
1 |
Rs.77.42 |
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Euro |
1 |
Rs.67.72 |
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.