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Report Date : |
22.04.2013 |
IDENTIFICATION DETAILS
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Name : |
KECAM VENTURES NIGERIA LIMITED |
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Registered Office : |
20, Agboyi Road, Ogudu, Lagos State |
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Country : |
Nigeria |
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Date of Incorporation : |
09.02.2001 |
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Com. Reg. No.: |
RC: 402097 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Subject engages in Information Technology, Maintenance and Repairs,
Back-Up and Recovery Solution and Computer Services |
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No. of Employees : |
About 10 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
Nigeria ECONOMIC OVERVIEW
Oil-rich Nigeria has been hobbled by political instability, corruption, inadequate infrastructure, and poor macroeconomic management, but in 2008 began pursuing economic reforms. Nigeria's former military rulers failed to diversify the economy away from its overdependence on the capital-intensive oil sector, which provides 95% of foreign exchange earnings and about 80% of budgetary revenues. Following the signing of an IMF stand-by agreement in August 2000, Nigeria received a debt-restructuring deal from the Paris Club and a $1 billion credit from the IMF, both contingent on economic reforms. Nigeria pulled out of its IMF program in April 2002, after failing to meet spending and exchange rate targets, making it ineligible for additional debt forgiveness from the Paris Club. In November 2005, Abuja won Paris Club approval for a debt-relief deal that eliminated $18 billion of debt in exchange for $12 billion in payments - a total package worth $30 billion of Nigeria's total $37 billion external debt. Since 2008 the government has begun to show the political will to implement the market-oriented reforms urged by the IMF, such as modernizing the banking system, removing subsidies, and resolving regional disputes over the distribution of earnings from the oil industry. GDP rose strongly in 2007-12 because of growth in non-oil sectors and robust global crude oil prices. President JONATHAN has established an economic team that includes experienced and reputable members and has announced plans to increase transparency, diversify economic growth, and improve fiscal management. Lack of infrastructure and slow implementation of reforms are key impediments to growth. The government is working toward developing stronger public-private partnerships for roads, agriculture, and power. Nigeria's financial sector was hurt by the global financial and economic crises, but the Central Bank governor has taken measures to restructure and strengthen the sector to include imposing mandatory higher minimum capital requirements.
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Source : CIA |
KECAM
VENTURES NIGERIA LIMITED
The company engages in Information Technology, Maintenance and Repairs,
Back-Up and Recovery Solution and Computer Services.
The company is
located at 49B, Oluwaleyimu Street, off Ladipo Kuku Street, off Allen Avenue
(By Wema Plc), Ikeja, Lagos State, Nigeria.
COMPANY NAME: KECAM VENTURES NIGERIA LIMITED
REGISTERED NAME: KECAM VENTURES NIGERIA LIMITED
REGISTERED
ADDRESS: 20, Agboyi Road, Ogudu, Lagos State, Nigeria
HEAD OFFICE
ADDRESS: 49B,
Oluwaleyimu Street, off Ladipo Kuku Street, off Allen
Avenue
(By Wema Plc), Ikeja, Lagos State, Nigeria
MOBILE: 234-802 822 7898,
802-3125996, 2348052511018
E-MAIL
ADDRESS: bonny@kecamventures.com
, kventures1@yahoo.co.uk
WEBSITE: www.kecamventures.com
Currency: All monetary quoted in this report are in Nigerian
Naira, the local currency or unless otherwise stated. The exchange rate is N155
to 1 US $.
NATURE OF
PREMISES:
Leased office
space approximately 500 square meters
DATE
INCORPORATED: 9th February, 2001
YEAR BEGAN OPERATIONS: 2001
LEGAL FORM: Private Limited Company
REGISTRATION NO: RC: 402097
SHARE CAPITAL: 500,000.00
ISSUED CAPITAL: 500,000.00
PAID-UP CAPITAL: 500,000.00
STAFF STRENGHT: About 10
Names %Held
20, Agboyi Road, Ogudu, Lagos State, Nigeria#
20, Agboyi Road, Ogudu, Lagos State, Nigeria
20, Agboyi Road, Ogudu, Lagos State, Nigeria
20, Agboyi Road, Ogudu, Lagos State, Nigeria
Bonny Mekwunye - Vice Chairman
Kecam Ventures Nigeria Limited was incorporated on 9th February, 2001 with Registration Number (RC: 402097) with 500,000.00 Share Capital. The company’s address is located at 49B, Oluwaleyimu Street, off Ladipo Kuku Street, off Allen Avenue (By Wema Plc), Ikeja, Lagos State, Nigeria. The company occupies right wing of a storey building painted milk with ash colour gate. It is directly opposite Lakeshore building, a storey building with a green gate.
Kecam Ventures Nigeria Limited is a highly focused and professional Systems Integrator, IT Security and Networking Solutions company based in Nigeria, dedicated to offering its various and highly valued clients the best-of-breed products and security solutions for key concerning areas such as Web Application Security and Assessment, Web Content Filtering including Web 2.0 using Web Security Gateway, Application Security, Email Management, Database Security, Network Security, Data Security, Endpoint Security and Compliance, WAN optimization, Secured and Managed Printing, IT Security Services (Penetration Testing, Vulnerability Analysis, PCI-DSS Assessment, Managed Security Services), Security Compliance Enforcement, Enterprise Content Management, amongst many IT solutions.
Kecam Ventures Nigeria Limited has extensive expertise in design, supply, and installation of various IT Infrastructure for SMBs and Enterprises covering Hardware like Servers, Desktops, Power Solutions, Laptops, Printers, Mobiledevices, Storage as well as Document and Image Scanners. They are Authorized Partner to HP, Dell, IBM, Fujitsu, IRIS, Apple, and Samsung.
Kecam Won the Fujitsu 2010, African best performing partner on the Fujitsu Imaging and document scanners line of business.
Kecam Ventures Nigeria Limited has also equally become a leading solution provider around IT Security solutions and has deployed various security solutions across industry sectors like Banking, Government, Telecommunications, Education, Oil & Gas, Manufacturing, Shipping, and various SMBs and Enterprises. Its IT Security solutions cuts across such areas as Enterprise Database Auditing & Monitoring, Web and Application Security, Unified Data Protection (UDP), File-Sharing Security Platform, Data and Network Security, Enterprise Endpoint Security, Total Privileged Access Management (TPAM), Endpoint Security Management,
During our visit on 16th April, 2013, we spoke with Mrs. Tina Nwachi, a staff of the Kecam Ventures Nigeria Limited who confirmed that the company is active and acknowledged our document. Though, she refused to disclose any information about the company but promised that they will get back to us. We sighted their bill board at the reception.
Conclusion: Based on our visit, available information,
brief discussion held with Mrs. Tina Nwachi and staff hands on desk, we are of
the opinion that the company is a legal entity. As such, any business relationship with the company should be mutually
beneficial.
PARTNERS
SOLUTIONS
IT Security
The company
provides the following IT Security services:
VISION:
To become a leading
Systems Integrator and IT Security company in West Africa.
MISSION:
To professionally,
effectively and efficiently deliver world-class and tested computing solutions
from a highly dynamic corporate environment, with focus on remaining
customer-centric, while providing adequate return on investment for
stakeholders and maintaining environmental sustainability in our operations.
TYPES OF CUSTOMERS
·
General Public
·
Group of Companies
·
Corporate Organisation
among others
* Quality of
Management: GOOD
* Ethics &
Integrity: GOOD
* Ownership
Structure: GOOD
The company’s Audited Accounts was not available as at the time of compiling this report. However, we advise that the maximum credit limit to be accorded to the company could be put at 200million US dollars ($200m USD). This opinion is as a result of the company’s performance in the sector it belongs to and the services rendered.
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 Kecam Ventures Nigeria Limited is
duly registered in Nigeria with a registered address located at 20, Agboyi
Road, Ogudu, Lagos State, Nigeria, while its operational
address is located at 49B, Oluwaleyimu Street, off Ladipo Kuku Street,
off Allen Avenue (By Wema Plc), Ikeja, Lagos State,
Nigeria.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.03 |
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UK Pound |
1 |
Rs.82.43 |
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Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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.