|
Report Date : |
23.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
SANNATI IMPEX NIGERIA LIMITED |
|
|
|
|
Registered Office : |
18, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
26.04.2012 |
|
|
|
|
Com. Reg. No.: |
RC: 1029195 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Not Available |
|
|
|
|
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) |
|
Nigeria |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SANNATI IMPEX
NIGERIA LIMITED
The company’s line
of business could not be determined
The company address located at 4, Olabisi Street, off Coker Street, Near
Ilupeju Police Station, Ilupeju, Lagos State, Nigeria.
COMPANY NAME: SANNATI IMPEX NIGERIA LIMITED
REGISTERED ADDRESS: 18,
Oroleye Street, off Salvation Street,
Opebi, Ikeja, Lagos. Nigeria.
HEAD OFFICE ADDRESS: 4,
Olabisi Street, off Coker Street, Near Ilupeju Police Station,
Ilupeju,
Lagos State, Nigeria
MOBILE: 234-813-003-2056
Currency:
All monetary quoted in this report are in Nigerian Naira, the local currency or
unless otherwise stated. The exchange rate is N150 to 1 US $.
Share Capital: 10,000,000.00
LEGAL FORM: Limited
Liability Company
Registration Number: RC: 1029195
Allotted Share Capital: 10,000,000.00
Date Registered: 26th April,
2012
DIRECTORS’ NAME NOT SEEN AT
CORPORATE AFFAIRS COMMISSION DATABASE.
We visited 4, Olabisi
Street, off Coker Street, Near Ilupeju Police Station, Ilupeju, Lagos State,
Nigeria for verification on Sannati
Impex Nigeria Limited. It is a storey building newly painted white, well
fenced and it has security gate painted ash colour.
During the time of our
visit the two (2) entrance gates were under lock and key and no one was
available at the premises to attend to us even the doors of the building were
chained and padlocked. Meanwhile, all efforts to contact the company through
the phone number provided proved abortive as we tried the phone number supplied
(234-813-003-2056) on the enquiry but it was switched off. Though, we held
brief discussion with two (2) security personnel around the premises and they
stated that the occupants of the premises are new at the address and that the
company’s name is unknown to them. They added that they only use to see the
occupant occasionally. They further confirmed that at the moment no commercial
activity takes place at the visited address.
All efforts to get useful information about the company from secondary
sources proved abortive.
Conclusion: Based
on our visit, premises sighted and brief discussion held with some security men
around the premises. We advise that any business relationship with the company
should be done with extreme caution until the company provides their current
and operational address.
UNDETERMINED
* Quality of
Management: UNDETERMINED
* Ethics & Integrity: UNDETERMINED
* Ownership Structure: UNDETERMINED
The company’s Audited Account was not available during our visit;
therefore, as such, its present financial state could not be ascertained.
UNDETERMINED
CMT REPORT (Corruption, Money Laundering
& Terrorism)
UNDETERMINED
Having carried out all
necessary verifications on the company, our investigations revealed that Sannati Impex Nigeria Limited is
registered with registered address as 18, Oroleye Street, off Salvation Street, Opebi, Ikeja, Lagos.
Nigeria but not recognized at the office address provided 4, Olabisi Street,
off Coker Street, Near Ilupeju Police Station, Ilupeju, Lagos State, Nigeria.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.99 |
|
|
1 |
Rs.88.97 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.