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MIRA INFORM REPORT
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Report Date : |
05.11.2011 |
IDENTIFICATION DETAILS
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Name : |
B.B.C. INDUSTRIAL CO. (GHANA) LTD |
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Registered Office : |
Community-1, Obedeka Street, South
Industrial Area |
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Country : |
Ghana |
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Date of Incorporation : |
02.04.1964 |
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Com. Reg. No.: |
3415 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
manufacture and supply of paints, wood preservatives, car enamels, fillers, adhesives and thinners |
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 : |
Usually Correct |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Ghana |
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: B.B.C. INDUSTRIAL CO. (GHANA) LTD
Requested Name: B.B.C.
INDUSTRIAL CO. (GHANA) LTD
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address: Community-1,
Obedeka Street, South Industrial Area
Postal Address: P.o. Box No. 584
Tema
Country: Ghana
Phone: 233-302230124/
202465/ 204133
Fax: 233-303202084/226793
Email: essam_odaymat@ranamotors.com
Website: None
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 02/04/1964
Reg. Number: 3415
Nominal Capital GHS. 100,000
Subscribed Capital GHS. 100,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. Raymond
Schuijt Director
Mr. Essam Odaymat Director
RELATED
COMPANIES
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
Graphic Rd, Rana Motors Bldg, Accra Ghana Branches of the firm
OPERATIONS
Registered to operate manufacture and supply of paints, wood preservatives,
car enamels, fillers, adhesives and thinners.
Imports: Asia
Exports: None
Trademarks: Leyland
and Leylac paints
Terms of sale: Cash
(40%) and 30 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 240
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Ghana
Location: Rented
premises, 5.000 square feet,
AUDITORS AND INSURANCE
Auditors: Information not available.
Insurance
Brokers: Information not available.
FINANCE
Currency Reported: Ghanaian Cedi (GHS.)
Approx. Ex. Rate: 1 US Dollar = 1.60 Ghanaian Cedi
Fiscal Year End: December
31, 2010
Inflation: According to
information given by independent sources, the
inflation
at December 31st, 2010 was of 13%.
Financial
Information Submitted
Profit and Loss (expressed in GHS.)
2010
Sales 12,500,000
BANK
Bank Name: Access Bank
Branch: Accra
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.08 |
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UK Pound |
1 |
Rs.78.65 |
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Euro |
1 |
Rs.67.79 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.