MIRA INFORM REPORT

 

 

 

Report Date :

03.07.2012

 

IDENTIFICATION DETAILS

 

Name :

BEDI INVESTMENTS LIMITED

 

 

Registered Office :

Lower Bedi Road Industrial Area, P.O. Box 230 Nakuru

 

 

Country :

Kenya

 

 

Year of Establishment :

1972

 

 

Com. Reg. No.:

C.23412

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Subject is engaged in Textile industry includes Textile and apparels, Spinning, Weaving, Dyeing and Finishing

 

 

No. of Employees :

800

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Kenya

B1

B1

 

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)

BEDI INVESTMENTS LIMITED

Date of Incorporation

 

1972

Registered No.

 

C.23412

Registered Address

Lower Bedi Road Industrial Area,
P.O. Box 230 Nakuru, Kenya

Legal Form (General)

 

Private limited company

Head Office Address

Lower Bedi Road Industrial Area,
P.O. Box 230 Nakuru, Kenya

Tel No

 

+254 (051) 2212320/1/2

Fax No

+254 (051) 2216214

 

E-mail

 

info@bedi.com

Website

www.bedi.com

 

 

SHAREHOLDING DETAILS

 

MAJOR SHAREHOLDERS

NAME

% SHAREHOLDING

NATIONALITY

Jarnail Bedi

70%

Kenyan

Jaswinder Bedi

30%

Kenyan

Total

100%

-

 

2.1 BOARD OF DIRECTORS:

NAME

NATIONALITY

Jarnail Bedi

Kenyan

Jaswinder Bedi

Kenyan

 

 

MANAGEMENT PROFILES

 

MANAGEMENT

#1

First name

Jaswinder

Last Name

Bedi

Nationality

Kenyan

Job Description

Managing director

Other details

He holds various positions in local business associations.

 

 

#2

First name

Satwinder

Last Name

Bedi

Nationality

Kenyan

Job Description

Chief Operations Officer

Other details

He is in charge of the manufacturing divisions of the company.

 

 

FINANCIAL COMPARATIVES

 

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

ROC Status

 

 Undetermined

RecFin

 

Undetermined

Credit Amount

 

Undetermined

 

BANK DETAILS

Bank Name :

Not disclosed

Address :

Not disclosed

 

COMPANY SECRETARY

Name :

Not disclosed

Address :

Not disclosed

 

 

BUSINESS OPERATIONS

 

Industry

Textile industry

Main Products & Services

1.Textile and apparels

2. spinning,

3. weaving,

4. dyeing and finishing

 

 

COMMENTS & OBSERVATION

 

Comments

Additional information (Public Information)

 

The subject is legally registered and domiciled in Kenya. The subject is a holding company with various divisions ranging from textile and apparels, trading, direct investments and merchant banking.

 

The subject hires over 800 employees.

 

 

Source

Source

 

-Registrar of Companies

-National directories

-Regulatory authorities

-Subject’s principal

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.83

UK Pound

1

Rs.87.41

Euro

1

Rs.70.43

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.