MIRA
INFORM REPORT
|
Report Date : |
08.06.2007 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
6 May 2000 |
|
|
|
|
Legal Form : |
State Owned Educational Institution |
|
|
|
|
Line of Business : |
Providers of higher education. |
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 |
|
Maximum Credit Limit : |
BIRR 2,000,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
COmpany NAME
ADDRESS
Building :
P. O. Box :
79
Town : Bahir Dar
Country :
Telephone :
(251 58) 220 0143 / 220 5925 (external relation office) / 220 5933
(finance)
Fax : (251 58) 220 2025
E-Mail : bdtc@ethionet.et
SENIOR COMPANY
PERSONNEL
Name Position
1. Dr Tsehai Jemberu University
President
2. Dr Yalew Endawoke Academic
& Research Vice-President
3. Zerihun Mekonnen Administrative
& Development Vice-President
4. Bizu Debranmu Planning
& Programme Office
5. Dr Birhanu Abreha Research
and Publications Officer
6. Dr Abiy Yigzaw External
Relations Office Head
7. Dr Habtu Zegeye Academic
Programmes Officer
8. Alemayu Kebeda Registrar
9. Maro Derso Head
of Finance Department
Total Employees
835
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
Subject is a state owned
university.
We consider it is
acceptable to deal with subject for MEDIUM amounts, although it is normal accepted
practice for international suppliers to deal on secured terms with Ethiopian
importers.
Opinion on maximum credit
: BIRR 2,000,000
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
COMMERCIAL BANK OF
Branch :
Bahir Dar
P.O. Box : 24
Town :
Bahir Dar
Telephone : (251 58) 220 0338
FINANCIAL INFORMATION
Balance sheets are not
available and the subject interviewed declined to give any financial
information, which the subject regards as strictly confidential.
LEGAL STATUS AND
HISTORY
Date Started : 6 May 2000
History
: The University was established in
The
Bahir Dar Polytechnic Institute, which formed one of the faculties of the
University, was established in 1963 under the technical cooperation between the
Government of USSR and the Imperial Government of Ethiopia.
Capital : not applicable
State owned educational
institution responsible to the following :
Ministry of Education.
ACTIVITIES
The Subject is involved
in the following activities :
Providers of higher
education.
The academic units in the
University comprise :
- Faculty of Education;
- Faculty of Engineering;
- Faculty of Business
& Economics;
- Faculty of Law;
- Faculty of Agricultural
and Environmental Sciences
The annually total number
of students is 4,000.
Imports materials and
equipment worldwide.
FACILITIES
The Subject has the
following facilities :
Facilities
include libraries, computer laboratories, internet access and modern
laboratories with the latest equipment. The University upgraded its computer
facilities based on campus-wide Local Area Networks, with enhanced internet and
email access.
The University is
situated on two separate campuses:
- The Education, Business
& Economics and Law Faculties are on the Main University Campus 2-3 Km to
the south-east of the town centre;
- The Engineering faculty
is on its own campus in walking distance to the east of town centre.
The construction of a
third campus that is going to house the Faculty of Business and Economies is
currently under way.
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%)