MIRA INFORM REPORT

Report Date :

29.03.2012

IDENTIFICATION DETAILS

Name :	AMANA AUTO SPARES LIMITED
Registered Office :	P.O. Box 83524 - 80100, Mombasa
Country :	Kenya
Date of Incorporation :	October 2000
Com. Reg. No.:	C.93156
Legal Form :	Private Limited Company
Line of Business :	Manufacturer of Spare parts, Body parts and repair kits, Engine and fuel System
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
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 – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
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)	AMANA AUTO SPARES LIMITED
Date of Incorporation	October 2000
Registered No.	C.93156
Registered Address	P.O. Box 83524 - 80100, Mombasa, Kenya
Legal Form (General)	Private Limited Company
Head Office Address	P.O. Box 83524 - 80100, Mombasa, Kenya
Tel No	+254722942929 / +254720574488
Fax No	+254412492701
E-mail	info@amanaautospares.co.ke / hazmi@amanaautospares.co.ke ahmed@amanaautospares.co.ke
Website	www.amanaautospares.co.ke

SHAREHOLDING DETAILS

MAJOR SHAREHOLDERS

NAME	% SHAREHOLDING	NATIONALITY
Ahmed Hamid Ahmed	60	Kenyan
Hazmi Hamid Ahmed	40	Kenyan
Total	100%	-

2.1 BOARD OF DIRECTORS:

NAME	NATIONALITY
Ahmed Hamid Ahmed	Kenyan
Hazmi Hamid Ahmed	Kenyan

MANAGEMENT PROFILES

MANAGEMENT

#1

First name	Hazmi Hamid	Last Name	Ahmed
Nationality	Kenyan	Job Description	Managing director
Other details	He is a co shareholder of the subject.

#2

First name	Ahmed Hamid	Last Name	Ahmed
Nationality	Kenyan	Job Description	Executive Director
Other details	He is a co shareholder of the subject.

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 :	Barclays Bank of Kenya
Address :	P.O. Box 30120 –00100 Nairobi Kenya

COMPANY SECRETARY

Name :	NOT DISCLOSED
Address :	NOT DISCLOSED

BUSINESS OPERATIONS

Industry	Manufacturer
Main Products & Services	1.Spare parts 2. Body parts and repair kits 3. Engine and fuel System

COMMENTS & OBSERVATION

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 headquartered in Mombasa Kenya with 2 branches in Tanzania; that is dare s Salaam and Tanga. The subject is an appointed supplier of Scania, Volvo and Actros brands.

Source

Source

-Registrar of Companies -National directories -Regulatory authorities -Subject’s principal

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.92
UK Pound	1	Rs.81.21
Euro	1	Rs.67.85

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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