MIRA
INFORM REPORT
|
Report Date : |
12.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TELOUS COMPANY LTD |
|
|
|
|
Registered Office : |
B257/7
Mayera Street, Near Lotus Crech. Awudome Estate Accra |
|
|
|
|
Country : |
Ghana |
|
|
|
|
Date of Incorporation : |
26.12.1995 |
|
|
|
|
Com. Reg. No.: |
49876 |
|
|
|
|
Legal Form : |
Limited Corporation |
|
|
|
|
Line of Business : |
Manufacturers, Distributors of Drugs and Pharmaceuticals Products |
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 : |
USD 100,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
Litigation : |
Clear |
SUBJECT'S NAME
Registered Name: TELOUS COMPANY LTD
Requested Name: TELOUS
COMPANY LTD T/S TELOUS
Other Names: TELOUS
ADDRESS AND TELECOMMUNICATION
Physical Address: B257/7
Mayera Street, Near Lotus Crech. Awudome Estate Accra
Postal Address: P.o Box 257 Accra
Country: Ghana
Phone: 233-21-253672/4702547
Fax: 233-21-238464
Email: None
Website: None
CREDIT OPINION
Financial Index as of December 2007 shows subject firm
with a medium risk of credit.. We recommend Credit of USD 100,000 on 90 days.
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 26-Dec-95
Reg. Number: 49876
Nominal Capital GHS. 50,000,000
Subscribed Capital GHS. 20,000,000
Subscribed Capital is Subscribed
in the following form:
Position Shares
Mr. Alexander Asiamah MD/ CEO 60
Mr. Tony Nana Director 20
Mr. Kwame Owusu Director 20
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 manufacturers, distributors
of Drugs and pharmaceuticals products
Imports:
Asia
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 30 days (60%), invoices.
Main Customers: Public
Employees: 10 employees
Vehicles: One motor vehicles
Territory of sales: Ghana
Location: Leased premises,
1,500 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 = 10,098 Ghanaian Cedi (GHC.)
Fiscal
Year End: December 31, 2007
Inflation: According to information
given by independent sources, the inflation at December 31st, 2007 was of
13%.
Financial Information Not Submitted
Profit and Loss (expressed in GHC.)
2007
Sales 15,000,000,000
Net Profit (Loss) 2,000,000,000
BANK
Bank Name: First Atlantic Merchant Bank
Comments: Overdraft None, Promissory notes- 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
|
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. |
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%)