MIRA INFORM REPORT

 

 

Report Date :

27th January, 2007

 

IDENTIFICATION DETAILS

 

Name :

GERB  MARVIDZ LIMITED

 

 

Registered Office :

Ash Town  Close, Kumordzie  Estate, Opposite Ketaman Bridge, House Dz11/ 119, Keja.

 

 

Country :

Ghana

 

 

Date of Incorporation :

12.05.1999

 

 

Com. Reg. No.:

C84939

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

General merchandise( Import and Export)

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

Name

 

GERB   MARVIDZ LIMITED

 

 

Address

 

Ash Town  Close, Kumordzie  Estate, Opposite Ketaman Bridge, House Dz11/ 119, Keja

Telephone         : 233244133795

Fax                   : 23275213627

Email                : incgratia98eq@yahoo.co.uk

 

 

Date  of Incorporation

 

12th  may, 1999

 

 

Rc No

 

C84939

 

 

Share Capital

 

Cedi 500,000,000

 

 

Legal  Form

 

Private Limited Liability Company

 

 

Managing Director

 

Mr  kwame Gershon Gbekle

 

 

Line of Business

 

General merchandise( Import and Export)

 

 

Products

 

Exporting  of Timbers

 

 

Number of Employee

 

Twenty

 

 

Business  Risks

 

Subjects  Business Enviroment

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

Gerb  Marvidz  Limited has been in the business of Exportation of Timber since 1999 in Keja ,Ghana

 

 

Subject and its industry

Subject is a major and Viable player within the industry. it is a player to be reckon with within the industry

 

 

Cash  Flow  and Profitability

Despite our visit to subject office Financial Business information was not provided

 

 

Market Coverage

Gerb Marvidz Limited Products covers the entire Ghana

 

 

Directors

 

Mrs  Comfort  Fiando

Mr    Kwame  Gershon Gbekle

Mr    Mawudeka  Zorwond

comment: shares alloted was not stated at the register General in Accra

 

 

Competitors

 

Beta  woods Ghana Limited

Zera  woods ltd

bmd Ghana Limited

Dako  Ghana Limited

 

Management  Profile

 

Name                                                                                       Designation

Mr Kwame  Gershon  Gbekle                                          MD/CEO

Mr  Arvind    Bannerman                                                 General  Manager

 

Comment information on other line manager was not given as at reporting date

 

 

Economic  Trend    

                                                                        2007

Foreign  Exchange  Rate to US Dollar CEDI         9,400

Interest Rate ( Lending )                                     14.5 percent

 

 

Financial  Information

 

Finanacial Information was not provided despite our visit to subject office

 

 

Banker

 

National  Investment Bank  Limited,Aeera, 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

 

Gerb Marvidz 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

 

 

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

 

 

 

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