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Nakumatt: Another ailing Kenyan company
Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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ARAP CHARLES wrote:I heard They are cautioning themselves against the uncertainty of the General election by avoiding perishable goods.. I don't know how true it is. reserving their Ksh. in Bank. Kwani they are the only ones going through the elections? Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 12/4/2009 Posts: 10,815 Location: NAIROBI
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http://kenyanwallstreet....ne-salaries-instalments
With this, Nakumatt management will implement the new pay scale for June 2017 salaries as follows; In the first week of the month, they will be paid 30% In the second week of the month, they will be paid 30% In the third week of the month, they will be paid 40% Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,262 Location: nairobi
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Ericsson wrote:http://kenyanwallstreet.com/shutting-three-branches-uganda-nakumatt-pay-june-salaries-instalments
With this, Nakumatt management will implement the new pay scale for June 2017 salaries as follows;
In the first week of the month, they will be paid 30%
In the second week of the month, they will be paid 30%
In the third week of the month, they will be paid 40% Its a pity COOP, IMH, KQ, MTNU
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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http://www.businessdaily...7462-uyivd1z/index.html
Quote:Retail chain Nakumatt’s troubles have deepened after one of its creditors, Thika Road Mall (TRM), attached large amounts of the supermarket’s goods and equipment seeking to recover Sh51 million in rent arrears.
TRM, through Moran Auctioneers, seized a number of Nakumatt’s assets, including six moving trucks, 400 customer trolleys, office furniture, ovens and other electrical appliances, forcing the retailer to rush to court for an order temporarily suspending the auction.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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hardwood wrote:http://www.businessdailyafrica.com/corporate/Nakumatt-fights-to-stop-auctioneers-in-TRM-rent-war/539550-3997462-uyivd1z/index.html Quote:Retail chain Nakumatt’s troubles have deepened after one of its creditors, Thika Road Mall (TRM), attached large amounts of the supermarket’s goods and equipment seeking to recover Sh51 million in rent arrears.
TRM, through Moran Auctioneers, seized a number of Nakumatt’s assets, including six moving trucks, 400 customer trolleys, office furniture, ovens and other electrical appliances, forcing the retailer to rush to court for an order temporarily suspending the auction. Waah free fall... possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 14,262 Location: nairobi
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maka wrote:hardwood wrote:http://www.businessdailyafrica.com/corporate/Nakumatt-fights-to-stop-auctioneers-in-TRM-rent-war/539550-3997462-uyivd1z/index.html Quote:Retail chain Nakumatt’s troubles have deepened after one of its creditors, Thika Road Mall (TRM), attached large amounts of the supermarket’s goods and equipment seeking to recover Sh51 million in rent arrears.
TRM, through Moran Auctioneers, seized a number of Nakumatt’s assets, including six moving trucks, 400 customer trolleys, office furniture, ovens and other electrical appliances, forcing the retailer to rush to court for an order temporarily suspending the auction. Waah free fall... Rent lazima walipe.. Hope the court hears none of the nonsense COOP, IMH, KQ, MTNU
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Rank: Elder Joined: 12/7/2012 Posts: 11,936
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obiero wrote:maka wrote:hardwood wrote:http://www.businessdailyafrica.com/corporate/Nakumatt-fights-to-stop-auctioneers-in-TRM-rent-war/539550-3997462-uyivd1z/index.html Quote:Retail chain Nakumatt’s troubles have deepened after one of its creditors, Thika Road Mall (TRM), attached large amounts of the supermarket’s goods and equipment seeking to recover Sh51 million in rent arrears.
TRM, through Moran Auctioneers, seized a number of Nakumatt’s assets, including six moving trucks, 400 customer trolleys, office furniture, ovens and other electrical appliances, forcing the retailer to rush to court for an order temporarily suspending the auction. Waah free fall... Rent lazima walipe.. Hope the court hears none of the nonsense It has gotten in to this for Nakumatt, kulipa salaries in bits, rent issues and empty selves.  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Angelica _ann wrote:obiero wrote:maka wrote:hardwood wrote:http://www.businessdailyafrica.com/corporate/Nakumatt-fights-to-stop-auctioneers-in-TRM-rent-war/539550-3997462-uyivd1z/index.html Quote:Retail chain Nakumatt’s troubles have deepened after one of its creditors, Thika Road Mall (TRM), attached large amounts of the supermarket’s goods and equipment seeking to recover Sh51 million in rent arrears.
TRM, through Moran Auctioneers, seized a number of Nakumatt’s assets, including six moving trucks, 400 customer trolleys, office furniture, ovens and other electrical appliances, forcing the retailer to rush to court for an order temporarily suspending the auction. Waah free fall... Rent lazima walipe.. Hope the court hears none of the nonsense It has gotten in to this for Nakumatt, kulipa salaries in bits, rent issues and empty selves. These are the signs of the impending death of the company.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,656
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obiero wrote:maka wrote:hardwood wrote:http://www.businessdailyafrica.com/corporate/Nakumatt-fights-to-stop-auctioneers-in-TRM-rent-war/539550-3997462-uyivd1z/index.html Quote:Retail chain Nakumatt’s troubles have deepened after one of its creditors, Thika Road Mall (TRM), attached large amounts of the supermarket’s goods and equipment seeking to recover Sh51 million in rent arrears.
TRM, through Moran Auctioneers, seized a number of Nakumatt’s assets, including six moving trucks, 400 customer trolleys, office furniture, ovens and other electrical appliances, forcing the retailer to rush to court for an order temporarily suspending the auction. Waah free fall... Rent lazima walipe.. Hope the court hears none of the nonsense Kifo cha nyani moment...TRM does not want to be caught up with Section 472 and 481 Quote:If a person (whether or not a landlord or person entitled to rent) has distrained on the property of the company during the three months immediately preceding the date of the liquidation order, that property, or the proceeds of its sale, is charged for the benefit of the company with the preferential debts of the company to the extent that the company's assets are for the time being insufficient to satisfy them. Quote:the creditor is not entitled to retain the benefit of the execution or attachment against the liquidator unless the creditor has completed the execution or attachment before the commencement of the liquidation Sad that this monkey is another victim of the interest rate cap it can't access credit to keep it running. Other monkey firms will go down with this monkey.
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Rank: Elder Joined: 6/23/2009 Posts: 14,262 Location: nairobi
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wukan wrote:obiero wrote:maka wrote:hardwood wrote:http://www.businessdailyafrica.com/corporate/Nakumatt-fights-to-stop-auctioneers-in-TRM-rent-war/539550-3997462-uyivd1z/index.html Quote:Retail chain Nakumatt’s troubles have deepened after one of its creditors, Thika Road Mall (TRM), attached large amounts of the supermarket’s goods and equipment seeking to recover Sh51 million in rent arrears.
TRM, through Moran Auctioneers, seized a number of Nakumatt’s assets, including six moving trucks, 400 customer trolleys, office furniture, ovens and other electrical appliances, forcing the retailer to rush to court for an order temporarily suspending the auction. Waah free fall... Rent lazima walipe.. Hope the court hears none of the nonsense Kifo cha nyani moment...TRM does not want to be caught up with Section 472 and 481 Quote:If a person (whether or not a landlord or person entitled to rent) has distrained on the property of the company during the three months immediately preceding the date of the liquidation order, that property, or the proceeds of its sale, is charged for the benefit of the company with the preferential debts of the company to the extent that the company's assets are for the time being insufficient to satisfy them. Quote:the creditor is not entitled to retain the benefit of the execution or attachment against the liquidator unless the creditor has completed the execution or attachment before the commencement of the liquidation Sad that this monkey is another victim of the interest rate cap it can't access credit to keep it running. Other monkey firms will go down with this monkey. Credit runs the economy, if Nakumatt of all companies is being denied credit, what about Simo wa carwash or Jane wa Abuja braids COOP, IMH, KQ, MTNU
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Nakumatt: Another ailing Kenyan company
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