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Report No. : |
313197 |
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Report Date : |
23.03.2015 |
IDENTIFICATION DETAILS
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Name : |
TATA AFRICA HOLDINGS (KENYA) LIMITED |
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Registered Office : |
Plot No.208/10881/1 Tata Africa House Off Mombasa Road, ICDC Road, Nairobi, P O Box: 5774-00200, Nairobi |
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Country : |
Kenya |
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Date of Incorporation : |
14.07.2006 |
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Com. Reg. No.: |
C126482 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Dealers in Engineering Products, Chemicals, Construction Glass
Products, Automotive and Related Facilities. |
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No. of Employees : |
250 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 : |
Good |
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Payment Behaviour : |
Regular |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 |
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 |
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 |
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Registered Name: |
TATA AFRICA
HOLDINGS (KENYA) LIMITED |
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Requested Name: |
TATA AFRICA HOLDINGS KENYA LIMITED |
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Other Names: |
None |
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Physical Address: |
Plot
No. 208/10881/1 Tata Africa House Off Mombasa Road, ICDC Road, Nairobi, |
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Postal Address: |
P.
o. Box 5774-00200
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Nairobi, |
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Country: |
Kenya |
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Phone: |
254-20-2604328/2603429/30/31 |
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Fax: |
254-20-2604332 |
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Email: |
leekha@tatakenya.com/jacinta@tatakenya.com |
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Website: |
www.tataafrica.com |
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Legal Form: |
Limited Corporation |
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Date Incorporated: |
14-July-2006 |
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Reg. Number: |
C126482 |
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Nominal Capital |
KES.
350,000,000 Divided into Shares35,000,000 each KES. 10 |
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Subscribed Capital |
KES.
350,000,000 |
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Subscribed Capital is Subscribed in the following form: |
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Position |
Shares |
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Mr. Sanjay Panday |
MD |
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Mr. Raman Dhawan |
Director |
1 |
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Tata Africa Holdings Pty ltd |
Holding
Company |
34,999,999 |
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Tata Africa Holdings Pty ltd |
Parent company. |
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None |
Subsidiary company. |
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Listeb Below |
Affiliated company. |
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Mr. Raman Dhawan |
Shareholder of subject
firm. |
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None |
Branches of the firm |
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Registered to operate as
dealers in engineering products, chemicals, construction glass products, automotives
and related facilities |
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Imports: |
Asia, Middle East |
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Exports: |
None |
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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: |
firms and organizations |
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Employees: |
250 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Kenya |
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Location: |
Rented premises, 20,000 square feet, |
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Auditors: |
Deloitte & Touche. |
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Insurance Brokers: |
Information not
available. |
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Currency Reported: |
Kenyan Shillings (KES.) |
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Approx. Ex. Rate: |
1 US Dollar = 91.74
Kenyan Shillings |
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Fiscal Year End: |
December 31, 2014 |
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Inflation: |
According to information given by independent sources, the inflation
at December 31st, 2014 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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2014 |
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Sales |
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3,500,000,000 |
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Bank Name: |
STANDARD CHARTERD BANK LIMITED |
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Branch: |
Kenya |
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Comments: |
None |
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Experiences: |
Good |
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None |
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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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BLACKWOOD HODGE (ZIMBABWE) (PVT) LTD |
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COMETAL SARL |
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CONSILIENCE TECHNOLOGIES |
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JAGUAR LAND ROVER (SOUTH AFRICA) |
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MPUMALANGA MINING RESOURCES SOCIETE ANONYME (MMRSA) |
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NEOTEL |
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TAJ CAPE TOWN |
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TAJ PAMODZI HOTEL |
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TATA AFRICA (SENEGAL) SARL |
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TATA AFRICA HOLDINGS (GHANA) LIMITED |
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TATA AFRICA HOLDINGS (KENYA) LIMITED |
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TATA AFRICA HOLDINGS (TANZANIA) LIMITED |
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TATA AFRICA SERVICES (NIGERIA) LIMITED |
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TATA AFRICA STEEL PROCESSORS |
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TATA AUTOMOBILE CORPORATION SA (PTY) LIMITED |
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TATA HOLDINGS MOCAMBIQUE LIMITADA |
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TATA NAMIBIA (PTY) LIMITED |
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TATA TANNERY (A DIVISION OF TATA ZAMBIA LIMITED) |
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TATA UGANDA LIMITED |
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TATA ZAMBIA LIMTED |
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TATA AFRICA STEEL PROCESSORS (PTY) LIMITED |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.49 |
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1 |
Rs.92.26 |
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Euro |
1 |
Rs.66.80 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared by
: |
NIT |
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.