MIRA INFORM REPORT

 

 

Report Date :

23.04.2007

 

IDENTIFICATION DETAILS

 

Name :

Micasa  Enterprises Limited

 

 

Registered Office :

Hno  D675/4 knutsford Avenue, Accra

 

 

Country :

Ghana

 

 

Date of Incorporation :

5th January,2004

 

 

Com. Reg. No.:

CA 23116

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Civil and Electrical engineering works

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Undetermined

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Name

 

Micasa  Enterprise 

 

 

Address

 

Hno  D675/4 knutsford Avenue, Accra, Ghana

Telephone         : 233244355785, 2330277556700

Email                : bendoz@africaonline.com.gh

 

 

Date of Incorporation

 

5th January, 2004 (AS  BUSINESS NAME)

 

 

Rc No

 

724C002312

 

 

AS 

 

PRIVATE LIMITED LIABILITY COMPANY

 

 

Name

 

Micasa  Enterprises Limited

 

 

Share Capital

 

cedi 20,000,000

 

 

RC  No

 

CA 23116

 

 

Date Incorporated

 

31st January 2006

 

 

Legal  Form

 

Private Limited Liability Company

 

 

Managing Director

 

Mr  Benjamin  Fosu  Ansah

 

 

Line of Business

 

Civil and Electrical engineering works

 

 

Products

 

Selling of Electrical Materials

 

 

Number of Employee

 

Information not provided

 

 

Business  Risks

 

Subjects  Business Environment

Presently, Ghanaian economy is improving with the higher capacity utilization in industries and low inflationary trends and there are influx of foreign investors into the country.

 

 

Directors

 

Mrs  Paulina  Allotey-Ansah

Mr  Benjamin  Fosu Ansah

 

 

Comment

 

Shares allotted was not stated at the register General in Accra

 

 

Economic Trend           2007

 

Foreign  Exchange  Rate to US Dollar CEDI                     9,400

Interest Rate ( Lending )                                                 14.5 perce

 

Banker

 

Prudential   Bank Limited,Accra, Ghana

 

 

Stock  Market share Movement

 

Subject is a private Limited Liability Company, its shares are not quoted on the floor of Ghana Stock Exchange

 

 

CONCLUSION  AND RECOMMENDATION

 

The above information was provided from our intelligence source from the Register General in Accra. Efforts to locate the subject address proved abortive. We tried to speak with the subject on phone  but the subject refuses to tell us where the office is situated.

 

We envisaged that this might not be a going concern business because the subject refuses to tell us his Office or they might not be doing a legitimate Business.

 

We advised that caution must be taken in dealing with the subject 

 

 

 

 

 

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

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions