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Report Date : |
17.03.2012 |
IDENTIFICATION DETAILS
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Name : |
JUL GLOBAL INVESTMENTS RESOURCES NIGERIA LIMITED |
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Registered Office : |
Plot 1309, Udo-Udoma Crescent, off Yakubu Gowon Crescent, Asokoro, Abuja, FCT |
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Country : |
Nigeria |
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Date of Incorporation : |
02.06.2005 |
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Com. Reg. No.: |
RC: 625440 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Transportation/Trucking/Railroad Services. |
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No. of Employees : |
Over 20 |
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) |
|
Nigeria |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
JUL GLOBAL
INVESTMENTS RESOURCES NIGERIA LIMITED
The company engages in Transportation/Trucking/Railroad Services.
The company address located at 483, Ikorodu
Road, Ketu, Lagos State, Nigeria.
COMPANY NAME: JUL GLOBAL INVESTMENT RESOURCES NIGERIA
LIMITED
REGISTERED
NAME: JUL
GLOBAL INVESTMENT RESOURCES NIGERIA LIMITED
REGISTERED
ADDRESS: Plot 1309, Udo-Udoma Crescent, off Yakubu Gowon Crescent,
Asokoro, Abuja, FCT, Nigeria
HEAD OFFICE
ADDRESS: 483, Ikorodu Road, Ketu, Lagos
State, Nigeria
Currency: All monetary quoted in this report are in Nigerian
Naira, the local currency or unless otherwise stated. The exchange rate is N148
to 1 US $.
NATURE OF
PREMISES:
Leased office
space approximately 300 square meters
DATE
INCORPORATED: 2nd June, 2005
YEAR BEGAN OPERATIONS: 2005
LEGAL FORM: Private
Limited Company
REGISTRATION NO: RC: 625440
SHARE CAPITAL: 2,000,000
ISSUED CAPITAL: 2,000,000
PAID-UP CAPITAL: 2,000,000
STAFF STRENGHT: Over 20
Names %Held
Plot
1309, Udo-Udoma Crescent, off Yakubu Gowon Crescent,
Asokoro,
Abuja, FCT, Nigeria
Plot
1309, Udo-Udoma Crescent, off Yakubu Gowon Crescent,
Asokoro,
Abuja, FCT, Nigeria
Plot
1309, Udo-Udoma Crescent, off Yakubu Gowon Crescent,
Asokoro,
Abuja, FCT, Nigeria
Plot
1309, Udo-Udoma Crescent, off Yakubu Gowon Crescent,
Asokoro,
Abuja, FCT, Nigeria
Plot
1309, Udo-Udoma Crescent, off Yakubu Gowon Crescent,
Asokoro,
Abuja, FCT, Nigeria
Plot
1309, Udo-Udoma Crescent, off Yakubu Gowon Crescent,
Asokoro,
Abuja, FCT, Nigeria
Jul Global Investment Resources Nigeria Limited
was incorporated on 2nd June, 2005 with Registration Number (RC: 625440). The company’s operational address is
located at 483, Ikorodu Road, Ketu, Lagos State, Nigeria. The company occupies a
two rooms office apartment on the 3rd Floor of a three storey building painted
cream and ox-blood.
During our
visit on 16th March, 2012, we spoke with Mr. Gabriel Allaysius the Admin
Manager (234-806-003-7456) who stated that the company is engages in the manufacturing
of quality plastics. According to him, Jul Global Investment Resources Nigeria
Limited have built an edify factory for further production of quality plastics.
He stated further that the company is a group of
companies having strong subsidiaries and in addition they have branches across
different states in Nigeria.
However, he
later declined to supply further information about the company and stated that
the Chairman, Mr. Bature who is in best position to supply any information was
on the trip for business discussion at Abuja, Nigeria. We later spoke with the
Chairman on (234-802-281-3372) who stated that full
arrangement is on ground to import some machines from India to boost their
production in Plateau State, he added that security in the area where the company
is sited in Jos, Plateau State, Nigeria is very okay. He reiterated further
that there are other arms of the company that takes care of Oil and Gas as well
as Haulages.
The Managing Director
concluded that the company is not interested in requesting for credit
facilities from Canara Bank in India. Though, he confirmed that the company has
good business relationship with United Bank for Africa (UBA) in Nigeria. He
then gave contact e-mail as infojulafrican@gmail.com,
julglobalinvestmentr@yahoo.com.
Conclusion: Based on our visit,
intensive discussion held with the management of the company and facilities
sighted, we are of the opinion that the company engaged in legitimate business.
As such, any business relationship with the company should be mutually beneficial.
17, Ogbomosho Street, Area
8, Garki, Abuja, FCT, Nigeria
Name: United
Bank for Africa (UBA)
Address: UBA
House, 57, Marina, Lagos Island, Lagos State, Nigeria.
Telephone: 234-1-280700
Fax: 234-1-2620371
·
General Public
·
Group of Companies
* Quality of
Management: GOOD
* Ethics &
Integrity: GOOD
* Ownership
Structure: GOOD
Subject’s Audited
Accounts was not available as at the time of compiling this report. However,
based on the services rendered and the sector it belongs to, the company’s
estimated turnover could be put at N1million (One Million Naira).
Subject is operating in an industry with very great potentials. This
sector in Nigeria has a lot to explore when it comes to the need for expansion,
improvement of product quality, work force development and general technical
expertise. Mainly, private individuals dominate this sector. Despite the huge
capital required for setting up this investment, it has grown in its leaps and
bounds over the decades in the nation, although, the efforts of the Federal
Government cannot be ruled out. The government has put in place different
policies that support private individuals to secure loans/ mortgages from banks
and other financial institutions. However, to record a groundbreaking in this
sector, foreign investors are inevitable.
This sector of the economy has great potentials for intending investors.
(Corruption, Money Laundering & Terrorism)
Public Notice from various sources including but not limited
to: The Courts, Nigerian Prison Service, Economic & Financial Crimes
Commission (EFCC), National Drug Law Enforcement Agency (NDLEA), National
Agency for Food & Drugs Administration and Control (NAFDAC), Independent
Corrupt Practices and other related offences Commission (ICPC) Etc.
No negative information on subject from the above agencies.
Having carried
out all necessary verifications on the company, our investigations revealed
that Jul Global Investment Resources
Nigeria Limited is duly registered in Nigeria with a registered address located
at Plot 1309, Udo-Udoma Crescent, off Yakubu Gowon Crescent, Asokoro,
Abuja, FCT, Nigeria, while its operational address is
located at 483, Ikorodu Road, Ketu, Lagos
State, Nigeria.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.50.31 |
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UK Pound |
1 |
Rs.79.04 |
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Euro |
1 |
Rs.65.82 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
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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 |
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-- |
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.