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Report Date : |
27.02.2012 |
IDENTIFICATION DETAILS
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Name : |
D’EMAUK LOGISTICS LIMITED |
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Registered Office : |
1, Dr. Lasi Alakija, Lekki Phase 1, Lagos State |
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Country : |
Nigeria |
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Date of Incorporation : |
10.05.2010 |
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Com. Reg. No.: |
RC: 885755 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Logistics Services and Exportation of Agricultural Produce. |
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No. of Employees : |
Over 20 |
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 : |
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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Nigeria |
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 |
D’EMAUK LOGISTICS
LIMITED
The company engages in Logistics Services and Exportation of
Agricultural Produce.
The company address located at 15, Logos Church
Street, Behind Zenith Bank, Osapa London, Lekki, Lagos State, Nigeria.
COMPANY NAME: D’EMAUK LOGISTICS LIMITED
REGISTERED NAME: D’EMAUK LOGISTICS
LIMITED
REGISTERED ADDRESS: 1,
Dr. Lasi Alakija, Lekki Phase 1, Lagos State, Nigeria
HEAD OFFICE ADDRESS: 15, Logos Church Street, Behind Zenith Bank, Osapa
London,
Lekki, Lagos State, Nigeria
POSTAL ADDRESS: P.O. Box 74672, Adeola Odeku Post Office, Victoria
Island,
Lagos State, Nigeria
TELEPHONE: 234-1-7916839
MOBILE: 234-803-436-5452,
702-844-2418, 815-274-9521, 813-563-6573
EMAIL: info@demaukpatisserie.com
WEBSITE: www.demaukpatisserie.com
PRIMARY CONTACT: Mr. Ekere Udom
(Managing Director/CEO)
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 US $.
NATURE OF PREMISES: Leased office space approximately 1,000 square
meters
DATE INCORPORATED: 10th
May, 2010
YEAR BEGAN OPERATIONS: 2010
LEGAL FORM: Private
Limited Company
REGISTRATION NO: RC:
885755
SHARE CAPITAL: 3,000,000
ISSUED CAPITAL: 3,000,000
PAID-UP CAPITAL: 3,000,000
STAFF STRENGHT: Over
20
Names %Held
1,
Dr. Lasi Alakija, Lekki Phase 1, Lagos State, Nigeria
5,
Alheri Street, off Zaria Road, Joss, Pleateau State, Nigeria
D’emauk Logistics Limited was incorporated on 10th
May, 2010 with Registration Number (RC: 885755). The corporate head office is
located at 15, Logos Church Street,
Behind Zenith Bank, Osapa London, Lekki, Lagos State, Nigeria. It
occupies a two room office apartment in a bungalow building painted lemon green
colour.
The company engages in Logistics Services and Exportation of
Agricultural Produce.
D’emauk
Logistics Limited is the parent company to D’emauk Patisserie (festivities,
events cakes, pastries, grills and finger foods, small chops maker).
During our visit on 23rd
February, 2012, Ifreke Inola Akpan the Receptionist (234-806-215-4964) who
maintained that the company engaged in Logistics Services and Exportation of Agricultural
Produce, acknowledged our document on behalf of the management. She stated that
Mr. Udom the Managing Director (234-802-334-5945) who is in best position to
supply necessary details was not available. She therefore promised to deliver
our documents to him and get back to us in due course. Meanwhile, business
activities was ongoing during our visit.
Conclusion: Based
on our visit and discussion held with Ifreke Inola Akpan and the available
personnel, we are of the opinion that the company appears to be active and
above all they engaged in legitimate business. As such, any business
relationship with the company should be mutually beneficial.
·
Demauk Patisserie
E-mail: info@demaukpatisserie.com
www.demaukpatisserie.com,
Tel: 234-1-7916839, 815-274-9521,
702-844-2418, 813-563-6573
·
Delicate Chops
·
Delightful Surprises
·
General Public
·
Group of Companies
* Quality of
Management: GOOD
* Ethics &
Integrity: GOOD
* Ownership Structure: GOOD
Subject’s Audited Accounts was not available as at the time of compiling
this report. However, based on the industry the company belongs to and services
rendered, we are of the opinion that estimated turnover of the company could be
put at $2 Million (Two Million Dollars).
Subject is operating in an industry with very great potentials. This sector
in Nigeria has a lot to explore when it comes to the need for expansion,
improvement of product quality, work force development and general technical
expertise. Mainly, private individuals dominate this sector. Despite the huge
capital required for setting up this investment, it has grown in its leaps and
bounds over the decades in the nation, although, the efforts of the Federal
Government cannot be ruled out. The government has put in place different
policies that support private individuals to secure loans/ mortgages from banks
and other financial institutions. However, to record a groundbreaking in this
sector, foreign investors are inevitable.
This sector of the economy has great potentials for intending investors.
(Corruption, Money Laundering & Terrorism)
Public Notice from various sources including but not limited to: The
Courts, Nigerian Prison Service, Economic & Financial Crimes Commission
(EFCC), National Drug Law Enforcement Agency (NDLEA), National Agency for Food
& Drugs Administration and Control (NAFDAC), Independent Corrupt Practices
and other related offences Commission (ICPC) Etc.
No negative
information on subject from the above agencies.
Having carried out all
necessary verifications on the company, our investigations revealed that D’emauk Logistics Limited is duly
registered in Nigeria with a registered address is located at 1, Dr. Lasi
Alakija, Lekki Phase 1, Lagos State, Nigeria, while its operational address is
located at 15, Logos Church Street,
Behind Zenith Bank, Osapa London, Lekki, Lagos State, Nigeria.
Information contained in
the report is mostly from secondary sources ONLY.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.06 |
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|
1 |
Rs.77.19 |
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Euro |
1 |
Rs.65.57 |
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 |
|
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 |
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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 |
|
<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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.