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Report Date : |
06.11.2013 |
IDENTIFICATION DETAILS
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Name : |
ANIMAL CARE SERVICES KONSULT (NIG) LTD |
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Registered Office : |
Iperu Ogere Road, Off Lagos Ibadan, Express Way, Ogere Remo, Ogun
State P. o. Box 94, Oger-Remo, Ogun State |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
11.02.1981 |
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Com. Reg. No.: |
37460 |
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Legal Form : |
Limited
Corporation |
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Line of Business : |
Subject operate
manufacturing, procurement and distribution of animal health products,
commercial poultry production, livestock feed milling, aquaculture and
technical laboratory services |
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No. of Employees : |
40 |
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 : |
Slow but correct |
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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 – March 31st, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 |
Oil-rich
Source
: CIA
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Registered Name: |
ANIMAL CARE
SERVICES KONSULT (NIG) LTD |
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Requested Name: |
ANIMALCARE SERVICES KONSULT LTD |
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Other Names: |
ANIMAL CARE |
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Physical Address: |
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Registered
Address: |
Iperu Ogere Road, Off Lagos Ibadan, Express Way, Ogere Remo, Ogun
State |
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Postal Address: |
P. o. Box 94, |
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Oger-Remo, Ogun State |
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Country: |
Nigeria |
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Phone: |
234-8056290726/8062170846/8123539279/ 8037054990/8022914061/377900866/431740/431819 |
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Fax: |
234-8055589024 |
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Email: |
info@animalcare-ng.com/ customerservice@animalcare-ng.com/ animalcarekano@animalcare-ng.com |
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Website: |
www.animalcare-ng.com |
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Legal Form: |
Limited Corporation |
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Date Incorporated: |
11-Feb-1981 |
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Reg. Number: |
37460 |
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Nominal Capital |
NGN. 1,000,000 |
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Subscribed Capital |
NGN. 1,000,000 |
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Subscribed Capital is Subscribed in the following form: |
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Position |
Shares |
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Dr. Olatunde Agbato |
President/CEO |
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Mrs. Olufunmilayo Agbato |
Director |
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Mr. Jude Durowoju |
GM |
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Dr. Segun Makanjuola |
Manager |
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Dr. Kiran Kulkarmi |
Manager |
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Mr. Niyi Shomoye |
Manager |
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Mr. Yinka Amusa |
PRO |
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_______________________________________________________________________ |
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None |
Parent company. |
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None |
Subsidiary company. |
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None |
Affiliated company. |
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None |
Shareholder of subject firm. |
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3 in |
Branches
of the firm |
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Registered to operate manufacturing, procurement and distribution of animal health products, commercial poultry production, livestock feed milling, aquaculture and technical laboratory services |
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Imports: |
Asia, |
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Exports: |
None |
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Trademarks: |
None |
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Terms of sale: |
Cash (30%) and 25-90 days (70%), invoices. |
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Main Customers: |
Local agencies,firms and organizations |
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Employees: |
40 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
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Location: |
Owned premises, 10,000 square feet, |
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Auditors: |
Information not available. |
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Insurance Brokers: |
Information not available. |
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Currency Reported: |
Nigerian Naira (NGN.) |
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Approx. Ex. Rate: |
1 US Dollar = 158.75 Nigerian Naira |
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Fiscal Year End: |
December 31, 2012 |
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Inflation: |
According to information given by independent sources, the
inflation at December 31st, 2012 was of 13%. |
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Financial
Information not Submitted |
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Profit and Loss (expressed in NGN.) |
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2012 |
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Sales |
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450,000,000 |
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Bank Name: |
Guaranty Trust Bank |
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Branch: |
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Comments: |
None |
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Experiences: |
Good |
None
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This
information was obtained from outside sources other than the subject company
itself and confirmed the above subject. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.61.79 |
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|
1 |
Rs.98.66 |
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Euro |
1 |
Rs.83.42 |
INFORMATION DETAILS
|
Report
Prepared by : |
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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.