MIRA INFORM REPORT

Report Date :

18.02.2012

IDENTIFICATION DETAILS

Name :	OUTSOURCING LIMITED

Registered Office :	Maendeleo House, P.O. Box 8134-00100 Nairobi Kenya

Country :	Kenya

Date of Incorporation :	2005

Com. Reg. No.:	C.437871

Legal Form :	Private Co

Line of Business :	Consultancy

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Small company
Payment Behaviour :	No complaints
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 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Kenya

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

BUSINESS PROFILE

Company Name (legal name)	OUTSOURCING LIMITED
Trading Name	OUTSOURCING LIMITED
Date of Incorporation	2005
Registered No.	C.437871
Issuing Authority	Registrar of Companies
Authorized Capital (Local)	KES.100,000.00
Number of Shares & Price	100 @KES.1000.00
Issued Shares	100
Registered Address	Maendeleo House, P.O. Box 8134-00100 Nairobi Kenya
Chairman’s Name	NONE
Legal Form (General)	Private Co
Legal Form (Specific)	CO LTD
Head Office Address	Lavington Court, Nairobi P.O Box 8134-00100 Nairobi Kenya
Tel No	+254-020-2643582/+254771137842 /+254722327741
Fax No	NONE
E-mail	ncnjoki@outsourcinglimited.com/ info@ outsourcinglimited.com
Website	NONE

SHAREHOLDING DETAILS

The subject has an authorized share capital of KES.100,000 divided into 100 shares each priced at KES.1000/= per share.

MANAGEMENT PROFILES

MANAGEMENT

First name	Nancy	Last Name	Njoki
Nationality	Kenyan	Job Description	Managing Director
Other details	She is a co shareholder and director of the subject.

BUSINESS OPERATION

LINE OF BUSINESS

Estimated Size of Company

Small

Company Type

Service

Line of Business

Consultancy

BUSINESS LOCATION

Description of premise: Offices

Description of location: Residential Area

Premise Tenure: Rented

FINANCIAL ANALYSIS

Parameters	Status
ROCStatus	Undetermined
RecFin	Undetermined
Credit amount	Undetermined
Explanation	The subject’s principal Nancy Njoki refused to divulge information on their financial statement stating that it is against the company policy.

BANK DETAILS

Bank Name :	Equity Bank Ltd
Bank Address :	P.O. Box 75104 – 00100 Nairobi Kenya

COMMENTS & OBSERVATION

Comments

ADDITIONAL INFORMATION (Public Information)

The subject is legally registered and domiciled in Kenya. The subject’s principal Nancy Njoki was hesitant to provide information when contacted during our research.

Information Source

-Registrar of Companies

-National Directories

-Observation from a visit to the subject’s principal

-Information disclosure by the subject’s principal

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.21
UK Pound	1	Rs.77.75
Euro	1	Rs.64.58

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.