MIRA
INFORM REPORT
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Report Date : |
20.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
Approchers Ghana Limited |
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Registered Office : |
P.O BOX NO Ks. 11369, Kumasi |
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Country : |
Ghana |
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Date of Incorporation : |
-- |
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Legal Form : |
Private Limited Company |
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Line of Business : |
-- |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NAME
Approchers Ghana Limited
Address
P.O bOX NO Ks. 11369, Kumasi, Ghana
ADDRESS
VISITED
REGISTRAR GENERAL
ACCRA- GHANA
P.O BOX NO Ks 11369
KUMASI-GHANA
FINDINGS
Our investigation revealed that subject was not register with the registrar General in Accra-Ghana that is Ghana Business House, the instution that is empowered to register company in Ghana
We were at Kumasi we traced the address but we, could not be able to locate it because you hardly locate p.o box with address. efforts to locate it proved abortived.
CONCLUSION AND
RECOMENDATION
Approchers Ghana Limited was not incorporated in Ghana as a private limited company. Our investigation from Registrar General proved that subject was not incorporated.
Subject is not a going concerned business in Ghana.
We advised that caution must be taken in dealing with the subject.
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%)