MIRA INFORM REPORT

Report Date :

31.05.2007

IDENTIFICATION DETAILS

Name :	Vickwans Enterprises VE

Registered Office :	Mallam-Abeka-Lapaz Road, Opposite Kata Hotel, Abrantie Spot, Kwashieman, Accra

Country :	Ghana

RATING & COMMENTS

MIRA’s Rating :

RATING	STATUS	PROPOSED CREDIT LINE
NR	In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

Status :

Undetermined

Company

Vickwans Enterprises VE

Address

Mallam-Abeka-Lapaz Road, opposite Kata Hotel, Abrantie spot, Kwashieman, Accra-Ghana

Telephone Number: 23321415804

Fax: 23321415804

ADDRESS VISITED

Mallam-Abeka Lapaz Road Accra,

opposite Kata Hotel, Abrantie spot

Kwashieman-Accra

Telephone Number : 23321415804

FINDINGS

Our investigations revealed that this address does not exist, it was furniture company Hamal furniture that was opposite the Hotel. The Hotel was four storey building painted in pink colour.

We placed a called on this number but the subject was not ready to tell us his office

Registrar General

Our investigations revealed that subject was not incorporated with the registrar general in Accra Ghana

CONCLUSION AND RECONMENDATION

Vickwans Enterprises, was not incorporated with the registrar general in Accra Ghana. It is not a going concern business in Accra, Ghana. We therefore 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

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%)

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