MIRA
INFORM REPORT
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Report Date : |
23.07.2007 |
IDENTIFICATION DETAILS
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Name : |
Reiss and Co ( |
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Registered Office : |
Opeiba House 37, |
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Country : |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Information
Technology |
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 : |
Regular |
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Litigation : |
Clear |
Name
Reiss and Co (
Address
Opeiba House 37,
Telephone: 233 21775359
Fax: 23321772942
email: kbenefo@reissco.com.gh,vet@reisshstr.com.gh,ris@reissco.com.gh
Date of
Incorporation
Subject data was not available at the register General in
Rc No
Subject data was not available at Register General in
Share Capital
Information was not available at the Register General in
Legal Form
Private Limited Liability Company
Managing Director
Mr Zulom
Line of Business
Information
Technology
Products
Computer Hardware,
Software, Networking, Computer Consultants
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
Reiss and CO
Ghana Limited is a leading player in Information Technology 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
Reiss and Co Ghana
Limited Products and services covers the entire
Directors
Subject data was not
available at the Register General In Accra. Moreover, subject was not dispose
some vital information to us during the time of our visit to his office
Competitors
Tus infomation ltd
Bentus Ghana ltd
D and D
technology Ltd
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
Eco Bank Ghana ltd
Barclays
Bank Ltd
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
Reiss and Co Ghana
Limited is a going concerned business in
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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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%)