MIRA INFORM REPORT

 

 

Report Date :

30.07.2012

 

IDENTIFICATION DETAILS

 

Name :

NATURE SOAP COMPANY LTD

 

 

Registered Office :

Kiserian, Kajiado, P.O. Box 44277, 00100, Nairobi

 

 

Country :

Kenya

 

 

Year of Establishment :

2011

 

 

Com. Reg. No.:

Not Available 

 

 

Legal Form :

Private Limited Company 

 

 

Line of Business :

Manufacturer of Herbal soaps and bathing products

 

 

No. of Employees :

Not Available 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Company

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)

Nature Soap Company Ltd

Date of Incorporation

 

2011

Registered No.

 

Not disclosed

Registered Address

Kiserian, Kajiado

P.O. Box 44277, 00100, Nairobi, Kenya

Legal Form (General)

 

Private limited company 

Head Office Address

Kiserian, Kajiado

P.O. Box 44277, 00100, Nairobi, Kenya.

Tel No

 

+254733708858

Fax No

Not disclosed

 

E-mail

 

info@naturesoapcompany.com/nature.soapcompany@gmail.com

Website

www.naturesoapcompany.com

 

 

SHAREHOLDING DETAILS

 

MAJOR SHAREHOLDERS

NAME

% SHAREHOLDING

NATIONALITY

Bhavesh Mistry

Not disclosed

British

Andrew Okello Syata

Not disclosed

Kenyan

Wangari Muchue

Not disclosed

Kenyan

Total

100%

-

 

2.1 BOARD OF DIRECTORS:

NAME

NATIONALITY

Bhavesh Mistry

British

Andrew Okelo

Kenyan

Wangari Muchue

Kenyan

 

 

MANAGEMENT PROFILES

 

MANAGEMENT

#1

First name

Bhavesh

Last Name

Mistry

Nationality

British

Job Description

Managing Director

Other details

He is a director at Plexus Group Limited and Expedited Markets Ltd.

 

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

Manufacturer

Main Products & Services

1.Herbal soaps

2. bathing products

 

 

COMMENTS & OBSERVATION

 

Comments

Additional information (Public Information)

The subject is legally registered and domiciled in Kenya. The registration file was however missing at the Registrar of Companies. The subject is related to Plexus Group Limited and Expedited Markets Ltd.

 

Source

Source

 

-Registrar of Companies

-National directories

-Regulatory authorities

-Subject’s principal

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.41

UK Pound

1

Rs.86.93

Euro

1

Rs.68.10

 

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%)

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