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MIRA
INFORM REPORT
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Report Date : |
18.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
ENERGY VENTURES (GH) LTD |
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Registered Office : |
Room 301, TFS Building, Krakur Street, Sakomono
Temag |
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Country : |
Ghana |
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Date of Incorporation : |
4-May-92 |
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Com. Reg. No.: |
145126 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Oerate as Electrical Contractors |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 70,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUBJECT'S NAME
Registered Name: ENERGY VENTURES (GH) LTD
Requested Name: ENERGY VENTURES (GH) LTD
Other Names: None found.
ADDRESS AND
TELECOMMUNICATION
Physical Address: Room 301, TFS Building, Krakur Street,
Sakomono
Temag
Postal Address: P.o Box SK 149, Accra
Tema
Country: Ghana
Phone: 233-22-203472/1
Fax: 233-22-203422
Email: None
Website: None
CREDIT OPINION
Financial Index as of December 2006 shows subject firm with a medium
risk of credit. We recommend Credit of USD 70,000 on 90 days.
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 4-May-92
Reg. Number: 145126
Nominal Capital GHC. 20,000,000
Subscribed Capital GHC. 20,000,000
Subscribed Capital is Subscribed in the
following form:
Position Shares
Mr. N.V. Krishnan MD/ CEO 50%
Mr. K S Krishnan Director 50%
Mr. GA Renner Director
Mr. F Asante Director
RELATED COMPANIES
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
OPERATIONS
Registered to operate as Electrical Contractors
Imports: Asian
countries
Exports: None
Trademarks: None
Terms of sale: Mostly
Cash
Main Customers: firms
and organizations
Employees: 40
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Ghana
Location: Rented/
Owned premises, 52.000 square feet,
AUDITORS AND
INSURANCE
Auditors: Information not available.
Insurance Brokers: Information not available.
FINANCE
Currency Reported: Ghanaian Cedi (GHC)
Approx. Ex. Rate: 1 US Dollar = 10,016 Ghanaian Cedi
Fiscal Year End: December
31, 2006
Inflation: According
to information given by independent sources, the inflation at January
31st, 2005 was of 14%.
Financial Information Submitted
Profit and Loss (expressed in GHC.)
2006
Sales 22,500,000,000
Net Profit (Loss) 700,000,000
BANK
Bank Name: Standard Chartered Bank Ghana
Ltd
Comments: - None
TRADE REFERENCES
Experiences: Good
NOTARIAL BONDS
None
COMMENTS / ADDITIONAL
INFORMATION
This information was obtained from outside sources other than the subject
company itself and confirmed the above 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. |
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%)