MIRA
INFORM REPORT
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Report Date : |
08.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
APPROACHERS GHANA LTD |
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Registered Office : |
P O Box 11369, Kumasi, Kwamo |
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Country : |
Ghana |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
30.11.1997 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers, Exporters, Importers and Publishers of Educational
Books |
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 : |
No Complaints |
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Litigation : |
Clear |
LOCATIONS
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Registered / Head Office : |
P O Box 11369, Kumasi, Kwamo, Ghana |
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Tel. No.: |
00233208806450 |
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Fax No.: |
0023351615109 |
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E-Mail : |
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Area : |
200 sq. mts. |
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Location : |
Owned [By Directors] |
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Branches : |
Located at : Ø Camale Ø Accra Ø Takoragi |
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Area : |
Total of all branches approx. 200 sq. mts. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Alfred Oreng |
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Designation : |
Director |
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Date of Birth/Age : |
35 years |
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Name : |
Mrs. Marian Oreng |
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Designation : |
Director |
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Date of Birth/Age : |
31 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers, Exporters, Importers and Publishers of Educational
Books |
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Exports : |
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Countries : |
Nigeria, Sierra Leon and Togo |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
India |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C |
GENERAL
INFORMATION
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No. of Employees : |
65 |
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Bankers : |
Uni Bank Ghana Limited |
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Auditors : |
C. K. Antrah Chartered Accountants |
FINANCIAL DATA
[all figures are in Million Dollars]
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Particulars |
31.03.2008
[Expected] |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
Around 4.0 |
3.0 |
2.5 |
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. |
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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