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Report Date : |
10.06.2014 |
IDENTIFICATION DETAILS
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Name : |
DAJOHN ENTERPRISES LTD |
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Registered Office : |
Giathinwa House, Opp. Equity Bank, Accra/Voi Road |
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Country : |
Kenya |
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Date of Incorporation : |
28.10.1988 |
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Com. Reg. No.: |
37630 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Exporters, Importers, Manufactures, Distributors, Wholesalers, Stockists and Suppliers of school based chemicals, laboratory equipments, furniture, stationery and general institutional infrastructure |
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No of Employees : |
50 |
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 – March 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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Kenya |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
KENYA - ECONOMIC OVERVIEW
Kenya hKenya has been hampered by corruption and by reliance upon several primary goods whose prices have remained low. Low infrastructure investment threatens Kenya's long-term position as the largest East African economy, although the Kenyatta administration has prioritized infrastructure development. International financial lenders and donors remain important to Kenya's economic growth and development. Unemployment is high at around 40%. The country has chronic budget deficits. Inflationary pressures and sharp currency depreciation peaked in early 2012 but have since abated following low global food and fuel prices and monetary interventions by the Central Bank. Recent terrorism in Kenya and the surrounding region threatens Kenya's important tourism industry. Kenya, in conjunction with neighboring Ethiopia and South Sudan, intends to begin construction on a transport corridor and oil pipeline into the port of Lamu in 2014
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Source
: CIA |
SUBJECT'S NAME |
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Registered Name: |
DAJOHN
ENTERPRISES LTD |
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Requested Name: |
DAJOHN ENTERPRISES LTD |
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Other Names: |
DAJOHN SCHOOL SUPPLIES |
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ADDRESS AND TELECOMMUNICATION |
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Physical Address: |
Giathinwa
House, Opp. Equity Bank, Accra/Voi Road |
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Postal Address: |
P.
o. Box 51658-00200 |
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City
Square Nairobi, |
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Country: |
Kenya |
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Phone: |
254-20-228912 |
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Cell: |
254-722793916/720044418 |
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Fax: |
254-20-228912 |
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Email: |
dajohn2000@yahoo.com/info@dajohn.com |
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Website: |
None |
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CREDIT OPINION |
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Financial Index as of
December 2013 shows subject firm with a medium risk of credit. |
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LEGAL |
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Legal Form: |
Limited Corporation |
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Date Incorporated: |
28-Oct-1988 |
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Reg. Number: |
37630 |
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Nominal Capital |
KES.
10,000 |
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Subscribed Capital |
KES.
10,000 |
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Subscribed Capital is Subscribed in the following form: |
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Position |
Shares |
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Mr. David Mbugua Goi |
Director |
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Mr. Robert Barasa |
Manager |
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Mr. Peter Odoyo |
Sales |
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RELATED COMPANIES |
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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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In Major towns in Kenya |
Branches of the firm |
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OPERATIONS |
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Registered to operate as exporters,
importers, manufactures, distributors, wholesalers, stockists and suppliers
of school based chemicals, laboratory equipments, furniture, stationery and
general institutional infrastructure |
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Imports: |
Asia |
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Exports: |
Neighboring countries |
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Trademarks: |
None |
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Terms of sale: |
Cash (40%) and 25-90 days (60%), invoices. |
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Main Customers: |
government institutions, parastatals, NGO's, universities, hospitals,
colleges, secondary schools etc |
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Employees: |
50 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Kenya |
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Location: |
Owned premises, 10,000 square feet, |
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AUDITORS AND INSURANCE |
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Auditors: |
Information not
available. |
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Insurance Brokers: |
Information not
available. |
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FINANCE |
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Currency Reported: |
Kenyan Shillings (KES.) |
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Approx. Ex. Rate: |
1 US Dollar = 87.55
Kenyan Shillings |
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Fiscal Year End: |
December 31, 2013 |
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Inflation: |
According to information given by independent sources, the inflation
at December 31st, 2013 was of 13%. |
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Financial Information not
Submitted |
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Profit and Loss
(expressed in KES.) |
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2013 |
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Sales |
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50,000,000 |
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BANK |
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Bank Name: |
EQUITY
BANK |
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Branch: |
Kenya |
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Comments: |
None |
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TRADE
REFERENCES
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Experiences: |
Good |
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NOTARIAL BONDS |
None |
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COMMENTS / ADDITIONAL INFORMATION |
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This information was
obtained from outside sources other than the subject company itself and
confirmed the above subject. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 59.06 |
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1 |
Rs. 99.34 |
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Euro |
1 |
Rs. 80.61 |
INFORMATION DETAILS
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Analysis Done by
: |
RSM |
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Report Prepared
by : |
DPT |
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.