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Report Date : |
03.05.2014 |
IDENTIFICATION DETAILS
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Name : |
CAPPERS AND
PACKERS |
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Registered Office : |
Industrial Area, Nairobi |
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Country : |
Kenya |
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Date of Incorporation : |
12.05.2013 |
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Com. Reg. No.: |
84634 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Subject operate as dealers in packaging materials |
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No of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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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
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Kenya |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
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 |
|
Very High Risk |
D |
Kenya ECONOMIC OVERVIEW
Kenya 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 key to Kenya’s
economic growth and development. Unemployment is high at around 40%. The
country has experienced chronic budget deficits, inflationary pressures, and
sharp currency depreciation - but has recovered following low global food and
fuel prices. 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.
|
Source
: CIA |
Registered Name: CAPPERS AND PACKERS
Requested Name: CAPPERS
AND PACKERS
Other Names: None
Physical Address: Industrial Area, Nairobi
Postal Address: P. o. Box 42292-00100
Nairobi,
Country: Kenya
Phone: 254-728888153/721438821
Fax: None
Email: moses@swiftkenya.com/damarismumbi2006@yahoo.com
Website: None
Projected Financial Index as of December 2014 shows subject firm with a
medium risk of credit.
Legal Form: Limited Corporation
Date Incorporated: 12-May-2013
Reg. Number: 84634
Nominal Capital KES. 100,000
Subscribed Capital KES. 100,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. Moses Mwangi MD 50%
Dr. James Mbuthia Director 50%
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate as dealers in packaging materials
Imports: Asia
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 25-90 days (60%), invoices.
Main Customers: Local
agencies, firms and organizations
Employees: 10
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Kenya
Location: Rented
premises, 5,000 square feet,
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: Kenya Shillings (KES.)
Approx. Ex. Rate: 1 US Dollar = 86.85 Kenya Shillings
Projected
Fiscal Year End: December 31, 2014
Projected
Inflation: According to
information given by independent sources, the
inflation
at December 31st, 2014 was of 13%.
Financial
Information not Submitted
Projected Profit and Loss (expressed in KES.)
2014
Projected Sales 5,000,000
Bank Name: KCB
Branch: Kenya
Comments: None
Experiences: Good
None
This information
was obtained from outside sources other than the subject company itself and
confirmed the above subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.22 |
|
|
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.46 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
MNL |
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 |
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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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.