MIRA
INFORM REPORT
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Report Date : |
20.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
Ayo-Ola Publication Company Limited |
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Registered Office : |
H NO 15, Antersen Street, Adental Estate, Accra |
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Country : |
Ghana |
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Date of Incorporation : |
29th April, 1998 |
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Com. Reg. No.: |
CA-24,860 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Book Publications, Consultants, Agents and Manufacturers Representative. |
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 : |
-- |
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Litigation : |
Clear |
Name
Ayo-Ola Publication Company Limited
Address
HNO 15, Antersen Street, Adental Estate, Accra, Ghana
Telephone : Information not provided
Fax : Information not provided
Email : Information not provided
Date of
Incorporation
29TH April, 1998
Share Capital
Cedi 50,000,000
Rc No
CA-24,860
Legal Form
Private Limited Liability Company
Managing Director
Mr Peter Aseidu
Line of Business
Book Publications, consultants, Agents and manufacturers representative
Products
Printing of Exercise Books, Text books and general printing
Number of Employee
Twenty Five
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
Aki-ola Publication Company Limited has been in the business of Priting since 1998 in Accra, Ghana
Subject and its
industry
Subject is a major and Viable player within the industry. The industry is dominated by indigenous companies
Cash Flow and
Profitability
Despite our visit to subject office Financial Business information was not provided
Market Coverage
Aki-ola Publication Company Limited Products covers the entire Ghana
Directors Nationality
Mr Peter Asiedu Ghanaian
Mr Irene Asiedu Ghanaian
Mr Ebenezer Agyei Boateng Ghanaian
Comment
shares allotted was not stated at the register General in Accra
Competitors
Weus Priting Ltd
Dues Ghana Ltd
Bentos priting Ltd
Oais Priting Ghana 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
Ghana Commercial Bank Limited
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
Aki-Ola Publication Company Limited was incorporated in Ghana as a Business Name on 29th April 1998 and later incorporated as private Limited liability company on 19th April 2006. it is a going concern business.
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%)