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Report Date : |
12.05.2012 |
IDENTIFICATION DETAILS
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Name : |
THREE KAY INTERNATIONAL CONCEPT |
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Registered Office : |
63, |
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Country : |
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Date of Incorporation : |
15.06.2007 |
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Com. Reg. No.: |
2032228 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import, export and general contracts. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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 |
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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 |
Based on the
information from Corporate Affairs Commission (CAC), the company engages in
import, export and general contracts.
The company could not
be located at 16, Kolawole Shonibare Street, Ajao Estate, Lagos State, Nigeria.
COMPANY NAME: THREE KAY INTERNATIONAL CONCEPT
REGISTERED NAME: THREE KAY
INTERNATIONAL CONCEPT
REGISTERED ADDRESS: 63,
Jagunmolu Street, Bariga, Lagos State, Nigeria
HEAD OFFICE ADDRESS: 16,
Kolawole Shonibare Street, Ajao Estate, 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 N150 to 1 US $.
NATURE OF PREMISES: Leased
office space approximately 500 square meters
DATE INCORPORATED: 15th
June, 2007
YEAR BEGAN OPERATIONS: 2007
LEGAL FORM: Private
Limited Company
REGISTRATION NO: 2032228
STAFF STRENGHT: Undetermined
Names %Held
63,
Jagunmolu Street, Bariga, Lagos State, Nigeria
Three Kay International Concept was registered on 15th
June, 2007 with Registration Number (2032228). The corporate office is located
at 16, Kolawole Shonibare Street, Ajao Estate, Lagos
State, Nigeria. It is an edify warehouse, well fenced and painted in cream and
it has a brown security gate.
During our visit on 9th
May, 2012, the company’s premises was under lock and key, those around the
premises when asked stated that there has been no business activities at the
premises since December, 2012. However, no one was willing to supply information
for keeping the premises out of operation. All efforts to contact the company
proved abortive as there was no phone number provided and no information about
the company could be found from our secondary sources.
Based on the registration information from Corporate Affairs Commission,
the company’s does not have share capital as it is not a limited liability company.
Conclusion: Based
on our visit to the premises, unavailability of the company at the address, we
are of the opinion that no major business activity is taking place at the
address presently. Therefore, we advise that any business relationship with the
company should be done with extreme caution. CAC registration details notwithstanding.
·
UNDETERMINED
* Quality of
Management: UNDETERMINED
* Ethics &
Integrity:
UNDETERMINED
* Ownership Structure: GOOD
The company’s Audited Account was not available during our visit; therefore,
as such, its present financial state could not be ascertained.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.64 |
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|
1 |
Rs.86.42 |
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Euro |
1 |
Rs.69.28 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
|
-- |
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.