MIRA
INFORM REPORT
|
Report Date : |
23rd
January, 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 |
|