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Report Date : |
14.03.2012 |
IDENTIFICATION DETAILS
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Name : |
KENAFRIC INDUSTRIES LIMITED |
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Registered Office : |
Outering Road Off Baba Dogo Road Ruaraka Street, Nairobi, P.O. Box 39257 – 00623 Nairobi |
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Country : |
Kenya |
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Date of Incorporation : |
1985 |
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Com. Reg. No.: |
C.17389 |
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Legal Form : |
Private limited company |
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Line of Business : |
Manufacturer of
Stationery items, Foot wares, Food additives and Confectionary |
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No. of Employees : |
Not Available |
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 : |
Unknown |
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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) |
|
Kenya |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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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) |
KENAFRIC INDUSTRIES LIMITED |
|
Date of Incorporation |
1985 |
|
Registered No. |
C.17389 |
|
Registered Address |
Outering Road Off Baba Dogo Road Ruaraka Street, Nairobi, P.O. Box 39257 –
00623 Nairobi Kenya |
|
Legal Form (General) |
Private limited company |
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Head Office Address |
Outering Road Off Baba Dogo Road Ruaraka Street, Nairobi, P.O. Box 39257 – 00623 Nairobi Kenya |
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Tel No |
+254-208645000 / +254722-204095/ +254733-631360 |
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Fax No |
+254-208645111 |
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E-mail |
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|
Website |
MAJOR SHAREHOLDERS
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NAME |
% SHAREHOLDING |
Value
of shares |
NATIONALITY |
|
Bharatkumar V. Shah |
25% |
1,250,000 |
Kenyan/India |
|
Nilesh V. Shah |
25% |
1,250,000 |
Kenyan/India |
|
Kirtan V. Shah |
25% |
1,250,000 |
Kenyan/India |
|
Mayurkumar V. Shah |
25% |
1,250,000 |
Kenyan/India |
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Total |
100% |
5,000,000 |
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The subject has an authorized share capital of KES.5,000,000 divided into 50,000 shares of
KES.100 each.
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NAME |
NATIONALITY |
|
Bharatkumar V. Shah |
Kenyan/India |
|
Nilesh V. Shah |
Kenyan/India |
|
Kirtan V. Shah |
Kenyan/India |
|
Mayurkumar V. Shah |
Kenyan/India |
#1
|
First name |
Bharatkumar |
Last Name |
Shah |
Age |
N/D |
|
Nationality |
Kenyan |
Job Description |
Managing
Director |
Sex |
Male |
|
Department |
Executive
management |
Email address |
bharat@kenafricind.com |
||
|
Other details |
He is a co
shareholder and director. |
||||
#2
|
First name |
Mayurkumar |
Last Name |
Shah |
Age |
N/D |
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Nationality |
Kenyan /
Indian |
Job Description |
Sales &
Marketing Director |
Sex |
Male |
|
Department |
Executive
management |
Email address |
mayor@kenafricind.com |
||
|
Other details |
He is a co
shareholder and director. |
||||
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.
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ROC Status |
Undetermined |
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RecFin |
Undetermined |
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Credit Amount |
Undetermined |
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Bank Name : |
Barclays Bank of Kenya |
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Address : |
P.O. Box 30120 –00100 Nairobi Kenya |
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Name : |
NOT DISCLOSED |
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Address : |
NOT DISCLOSED |
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Industry |
Manufacturer |
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Main Products & Services |
1.Stationery
items 2.Footwares 3.Food additives 4.Confectionary |
Comments
|
Additional information (Public Information) |
The subject is incorporated and domiciled
in Kenya under the companies Act. The subject is legally registered with
registration details stored with registrar of Companies. The subject is a member of Kenya
Association of Manufacturers which is an umbrella association of local
manufacturing companies in Kenya. The subject is ISO 9001:2008 and ISO
22000:2008 Certified. |
Source
|
Source |
-Registrar of
Companies -National
directories -Regulatory
authorities -Subject’s
principal |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.84 |
|
|
1 |
Rs.77.96 |
|
Euro |
1 |
Rs.65.61 |
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 |
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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 |
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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 |
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<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.