MIRA INFORM
REPORT
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Report Date : |
29.03.2011 |
IDENTIFICATION DETAILS
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Name : |
PRINT PACK GHANA LIMITED |
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Registered Office : |
Plot/Industrial Area
2l2,Heavy Industrial Area, |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
27.03.2002 |
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Com. Reg. No.: |
CA-1201 |
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Legal Form : |
Private Limited Corporation |
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Line of Business : |
Manufacture and distribution of packaging materials, distributors of printers, lithographers and related products |
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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Maximum Credit Limit : |
USD 100,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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b2 |
b2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUBJECT'S NAME
Registered Name: PRINT PACK GHANA LIMITED
Requested Name: PRINT
PACK GHANA LIMITED
Other Names: Print Pack
ADDRESS AND TELECOMMUNICATION
Physical Address: Plot/Industrial Area 2l2,Heavy Industrial
Area, Valco
Road,
Tema,
Postal Address: P.o Box SC 376
Tema
Country:
Phone: 233-22-208058/
212587/ 212588/ 212589
Cell: 233-645308576/
244322880
Fax: 233-22-208073
Email ramiomais@gmail.com / rami@afnet.net
Website: none
CREDIT OPINION
Financial Index as of
December 2010 shows subject firm with a medium risk of credit. We recommend
Credit of USD 100,000 on 90 days.
LEGAL
Legal Form: Private Limited Corporation
Date Incorporated: 27-March-2002
Date Started: 18-July-2002
Reg. Number: CA-1201
VAT Number: 924Y00431
Nominal Capital GHC. 76,500
Subscribed Capital GHC. 76,500
Subscribed Capital is Subscribed in the following form:
Position Shares
Fouad Omais Chairman 100%
Rami Omais MD
Olivier
Adomayakpor Finance
Gilbert Pache Production Dept.
Marc Lens Production Dept.
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 manufacture and distribution of packaging
materials, distributors of printers, lithographers and related products
Imports: Paper ink
chemicals from Europe and
Exports: Neighboring
countries
Trademarks: None
Terms
of sale: Cash (40%) and 30
days (60%), invoices.
Main
Customers: General Public,
firms and organizations
Employees: 85 employees.
Vehicles: 5 Saloon Cars
& 2 pick-ups
Territory
of sales:
Location: Rented premises,
5.000 square feet,
AUDITORS AND INSURANCE
Auditors: Sappor & Agyekum
Insurance Brokers: Information not available.
FINANCE
Currency Reported: Ghanaian Cedi (GHC.)
Approx. Ex. Rate: 1 US Dollar = 1.43 Ghanaian Cedi
Fiscal Year End: December
31, 2009
Inflation: According
to information given by independent sources, the
inflation
at December 31st, 2009 was of 13%.
Financial Information Submitted below
Profit and Loss (expressed in USD.)
2010
Sales 4,500,000
BANK
Bank Name: STANBIC BANK
Branch: Valco Trust House
Castle Road Ridge,
Comments: Good
Other
Banks SG-SSB
Ltd
TRADE
REFERENCES
Experiences: Good
NOTARIAL
BONDS
None
COMMENTS / ADDITIONAL INFORMATION
The subject company has had
a credit history of a 3 year loan of USD. 600,000 from their suppliers.
This information was obtained from outside sources other than the
subject company itself and confirmed the above subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.78 |
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1 |
Rs.71.64 |
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Euro |
1 |
Rs.62.96 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.