MIRA
INFORM REPORT
|
Report Date : |
14.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
Pridam Investment Ghana Limited |
|
|
|
|
Registered Office : |
Plot 11Bkk 11, 10NW 6102 Street Breman, UGK, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
04.05.2005 |
|
|
|
|
Com. Reg. No.: |
CA17,453 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Wood Processing |
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
Pridam Investment Ghana Limited
Address
Plot 11Bkk 11, 10NW 6102 Street Breman, UGK, Kumasi-Ghana
Telephone : 233
0208352514/021
Email : Information was not provided
Date of Incorporation
4th May, 2005
Rc No
CA17,453
Share Capital
cedi 5,000,000
Legal Form
Private Limited Liability Company
Managing Director
Prince Kwame Damptey.
Line of Business
Wood Processing
Products
Timber
Number of Employee
Fifteen
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
Pridam Investment Ghana Limited has been in the business of wood
processing since 2005 in
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
Pridam Investment Ghana Limited Products covers the entire
Directors
Prince Kwame Damptey
Mrs RiTa Pokuaa
comment
shares alloted was not stated at the register General in
Competitors
kumus Tmber limited
K and k Ghana Limited
Adeui wood Limited
Akshar Timber Limited
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
Ecobank Ltd
United Bank For
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
Pridam Investment Ghana Limited was incorporated in
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 |
|
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%)