MIRA INFORM REPORT

Report Date :

23^rd February, 2007

IDENTIFICATION DETAILS

Name :	GYE NYAME EXPORTS LIMITED
Registered Office :	P.O Box Co. 103, AD 31, Community 11
Country :	Ghana
Date of Incorporation :	26.11.2003
Com. Reg. No.:	CA 8867
Legal Form :	Private Limited Liability Company

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear

Company Name

GYE    NYAME  EXPORTS  Limited

Address

P.o Box Co. 103, AD 31, Community 11

Date  of Incorporation

26th November, 2003

Rc No

CA 8867

Share Capital

Cedi 180,000,000

Legal  Form

Private Limited Liability Company

Premise

AD 31 Community 11, this is a Bungalow Building painted in pink colour, The Building was locked up during the time of our visit. it was adjascent Macbaron Hotel in the residential area of Tema. There was no traces of an office. Our investigation revelled that, such a company does not exist in that area

Directors

Mrs  Sonal  Prashant Ganatra    

Mrs  Urvashi  Praful  Ganatra

Miss  praful    Haridas  Ganatra

Mr   Prashant  Haridas  Ganatra

Comment

Shares alloted was not stated at the register General in Accra

CONCLUSION AND RECOMMENDATION

Gye  Nyame  Exports Limited was incorporated in Ghana as a private Limited liability company. it was not a going concern business.

The above information was from our intelligent source from Ghana Register General

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