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Report Date : |
23.06.2012 |
IDENTIFICATION DETAILS
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Name : |
TATA AFRICA HOLDINGS ( |
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Registered Office : |
L.R. No. 209/10881/1 off Mombasa Road, Industrial Area, P.O. Box 5774
– 00200 Nairobi Kenya |
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Country : |
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Date of Incorporation : |
14.07.2006 |
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Com. Reg. No.: |
C.126482 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
import and |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – 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 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Company Name (legal name) |
TATA AFRICA HOLDINGS (KENYA) LTD |
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Date of Incorporation |
14TH July 2006 |
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Registered No. |
C.126482 |
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Registered Address |
L.R. No. 209/10881/1 off Mombasa Road, Industrial Area, P.O. Box 5774 – 00200 Nairobi Kenya |
|
Legal Form (General) |
Private limited company |
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Head Office Address |
Tata Africa Holdings House Building, Mombasa Road, P.O. Box 5774 – 00200 Nairobi Kenya |
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Authorized Capital |
KES.350 Million (35 million shares @KES.10) |
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Tel No |
+25420550168/7 or 651120/13/14 +254722307397 / +254720651152 |
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Fax No |
Not indicated |
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E-mail |
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Website |
MAJOR SHAREHOLDERS
|
NAME |
% SHAREHOLDING |
NATIONALITY |
|
Tata Africa Holdings S.A (Pty) Ltd P.O. Box 55738, Northlands 2116 |
34,999,999 (99.999%) |
Indian |
|
Raman Dhawan P.O. Box 55738, Northlands 2116 |
1 (0.00001%) |
Indian |
|
Total |
100% |
- |
2.1 BOARD OF
DIRECTORS:
|
NAME |
NATIONALITY |
|
Naresh Kumar Leekha |
Indian |
|
Raman Dhawan |
Indian |
|
Sanjay Pandya |
Indian |
#1
|
First name |
Naresh Kumar |
Last Name |
Leekha |
|
Nationality |
Indian |
Job Description |
Managing
Director |
|
Other details |
He is a member
of the board of director of the subject. However he has
no shareholding stake in the subject. |
||
#2
|
First name |
Raman |
Last Name |
Dhawan |
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Nationality |
Indian |
Job Description |
Director |
|
Other details |
He is both a director and co-shareholder of the subject. He is also
the managing director of Tata Africa Holdings S.A (Pty) Ltd. |
||
The financial statement
of the subject could not be obtained as the subject’s principal expressed
hesitation to disclose information citing constraints by the company’s policy.
Financial Analysis
|
ROC Status |
Undetermined |
|
RecFin |
Undetermined |
|
Credit Amount |
Undetermined |
BANK DETAILS
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Bank Name : |
Standard Chartered Bank Kenya Ltd |
|
Address : |
P.O. Box 30003 – 00100 Nairobi Kenya |
COMPANY SECRETARY
|
Name : |
Rashmi H. Kamdar |
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Address : |
P.O. Box 39365 – 00623
Nairobi Kenya |
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Industry |
Manufacturer |
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Main Products & Services |
The subject deals in import and sale of motor vehicles 1.Automobiles 2.Motor cycles 3.Auto mobile
spare parts |
Comments
|
Additional information (Public Information) |
The subject is legally registered and
domiciled in Kenya. The subject is a wholly owned subsidiary of Tata Africa
Holdings S.A (Pty) Ltd which is part of the Tata International group of
companies. The subject is fully operational and has a significant market
share in the Kenyan automobile industry. |
Source
|
Source |
-Registrar of
Companies -National
directories -Regulatory
authorities -Subject’s
principal |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.99 |
|
UK Pound |
1 |
Rs.88.97 |
|
Euro |
1 |
Rs.71.57 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.