MIRA
INFORM REPORT
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Report Date : |
23.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
Batimat Ghana Limited |
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Registered Office : |
8 West Ring Road
Adjascent Africa Motors Tractor and Eqiupment, Kwame
Nkrumah Circle, Accra |
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Country : |
Ghana |
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Date of Incorporation : |
13th April, 2004 |
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Com. Reg. No.: |
C48413 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Selling of Roofing Sheets, Tiles, Sanitary, office Furniture, etc. |
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 : |
Satisfactory
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
Name
Batimat Ghana Limited
Address
8 West Ring Road Adjascent Africa Motors Tractor and Eqiupment, Kwame Nkrumah Circle, Accra.
Telephone : 23321 232303/245620.
Mobile : 0243-119999
Fax : 233-21-228180
Email : batimat@africaonline.com.gh
Date of
Incorporation
13th April, 2004
Rc No
C48413
Share Capital
cedi 117,600,000
Legal Form
Private Limited Liability Company
Managing Director
Mr El Ali Khalll
Line of Business
General merchandise ( Import and Export)
Products
selling of Roofing Sheets, Tiles, Sanitary, office Furniture
Number of Employee
Thirty
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.
Nature
of subject Business
Batimat Ghana Limited has been in the business of Importation of Tiles, Sanitary, Roofing Sheets and office Furniture since 2004 in Accra, Ghana
Subject and its
industry
Subject is a major and Viable player within the industry. The industry is dominated by foreign companies
Cash Flow
and Profitability
Despite our visit to subject office Financial Business information was not provided
Market Coverage
Batimat Ghana Limited Products covers the entire Ghana
Directors Nationality
Mr El Ali Khalll-- Senegalese
Mr Hanna Asirifi-- Ghanaian
Comment
shares alloted was not stated at the register General in Accra
Management Designation
Mr El Ali Khalll Managing Director
Mr Darwiche General Manager
Comment
Information on other line Manager was not given at the reporting date
Competitors
Pg's Company Limited
Melcom Ghana Limited
Bernetts Furnitures Limited
Luis Ghana Limited.
Economic
Trend
2007
Foreign Exchange Rate to US Dollar CEDI 9,400
Interest Rate ( Lending ) 14.5 percent
Financial Information
Financial Information was not provided despite our visit to subject office
Banker
Ghana Commercial Bank
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
Batimat Ghana Limited was incorporated in Ghana as a private Limited liability company. it is a going concern business.
We recommend for normal business relationship.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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