MIRA INFORM REPORT
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Report Date : |
23.04.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
MINIMAX ENTERPRISES LIMITED |
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Registered Office : |
Plot No. L.R. No. 209/8200, Mogadishu Road, Industrial Area Nairobi , P.O. Box 8934 – 00300 Nairobi Kenya |
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Country : |
Kenya |
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Date of Incorporation : |
13.03.1989 |
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Com. Reg. No.: |
C.39692 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer
of Garments and
fashion clothing |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
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Company Name
(legal name) |
MINIMAX ENTERPRISES LIMITED |
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Date of Incorporation |
13th March 1989 |
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Registered No. |
C.39692 |
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Registered Address |
Plot No. L.R. No. 209/8200, Mogadishu Road, Industrial Area Nairobi P.O. Box 8934 – 00300 Nairobi Kenya |
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Legal Form (General) |
Private limited company |
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Authorized Capital |
KES.1 million ( 10,000 shares @ KES.100.00 each) |
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Head Office Address |
Mogadishu Road, Industrial Area Nairobi P.O. Box 8934 – 00300 Nairobi Kenya |
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Tel No |
+25420222928/+25420332187/+25420214164/+25420338898 |
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Fax No |
+ 25420330503 |
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E-mail |
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Website |
MAJOR SHAREHOLDERS
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NAME |
No of shares |
% SHAREHOLDING |
NATIONALITY |
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Manu Premachand Haria |
2,999 |
30% |
Indian |
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Prakash Shantilal Haria |
3,000 |
30% |
Indian |
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Jayshree Mansukh Haria |
1 |
0% |
Indian |
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Un-issued shares |
4,000 |
40% |
Not issued |
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Total |
6,000 |
100% |
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BOARD OF
DIRECTORS:
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NAME |
NATIONALITY |
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Manu Premachand Haria |
Indian |
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Prakash Shantilal Haria |
Indian |
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First name |
Prakash Shantilal |
Last Name |
Haria |
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Nationality |
Indian |
Job Description |
Managing
Director |
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Other details |
He is a co
director and shareholder |
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First name |
Manu Premachand |
Last Name |
Haria |
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Nationality |
Indian |
Job Description |
Marketing
Manager |
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Other details |
He is a co director and shareholder |
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The financial
statement of the subject could not be obtained due to refusal by the subject’s
principal to disclose information citing constraints by the company’s policy.
Financial Analysis
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ROC Status |
Undetermined |
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RecFin |
Undetermined |
BANK DETAILS
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Bank Name : |
Fina Bank Limited |
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Address : |
P.O. Box 20613 -00100
Nairobi Kenya |
COMPANY SECRETARY
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Name : |
Ketaki Sheth |
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Address : |
P.O. Box 72517 – 00200
Nairobi Kenya |
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Industry |
Manufacturer |
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Main Products & Services |
1.Garments and
fashion clothing 2. 3. |
Comments
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Additional information (Public Information) |
The subject is legally registered and domiciled in Kenya. The subject had a registered debenture between 15th April
2009 to 23rd April 2009 of KES.10 million in favor of Fina bank
Limited over the company’s assets. |
Source
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Source |
-Registrar of Companies -National
directories -Regulatory
authorities -Subject’s
principal |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.99 |
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UK Pound |
1 |
Rs.83.54 |
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Euro |
1 |
Rs.63.40 |
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.