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Report Date : |
07.11.2014 |
IDENTIFICATION DETAILS
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Name : |
COMSYS GHANA LIMITED |
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Registered Office : |
8th Floor, Trust Towers, Adabraka P. O. Box 11322, Accra |
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Country : |
Ghana |
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Date of Incorporation : |
15.06.1998 |
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Com. Reg. No.: |
CA 12,0258 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Subject operate as providers
of information communication technology services and solutions |
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No. of Employees : |
25 Employees. |
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 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Ghana |
B2 |
B2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
GHANA - ECONOMIC OVERVIEW
Ghana's economy has been strengthened
by a quarter century of relatively sound management, a competitive business
environment, and sustained reductions in poverty levels. In late 2010, Ghana
was recategorized as a lower middle-income country. Ghana is well-endowed with
natural resources and agriculture accounts for roughly one-quarter of GDP and
employs more than half of the workforce, mainly small landholders. The services
sector accounts for 50% of GDP. Gold and cocoa production and individual
remittances are major sources of foreign exchange. Oil production at Ghana's
offshore Jubilee field began in mid-December 2010,and is producing close to
target levels. Additional oil projects are being developed and are expected to
come on line in a few years. Estimated oil reserves have jumped to almost 700
million barrels and Ghana’s growing oil industry is expected to boost economic
growth as the country faces the consequences of two years of loose fiscal
policy, high budget and current account deficits, and a depreciating currency.
President MAHAMA faces challenges in managing a population that is unhappy with
living standards and that perceives they are not reaping the benefits of oil
production because of political corruption.
|
Source
: CIA |
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Registered Name: |
COMSYS GHANA
LIMITED |
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Requested Name: |
COMSYS GHANA |
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Other Names: |
COMSYS GHANA |
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Physical Address: |
8th
Floor, Trust Towers, Adabraka |
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Postal Address: |
P.
o. Box 11322, |
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|
Accra, |
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Country: |
Ghana |
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Phone: |
233-302251097/250757 |
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Fax: |
233-302250430 |
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Email: |
info@comsysghana.com/sales@comsysghana.com |
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Website: |
www.comsysghana.com |
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Legal Form: |
Limited Corporation |
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Date Incorporated: |
15-June-1998 |
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Reg. Number: |
CA 12,0258 |
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Nominal Capital |
GHS.
100,000 |
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Subscribed Capital |
GHS.
100,000 |
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Subscribed Capital is Subscribed in the following form: |
||
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Position |
Shares |
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Mr. Jonathan Lamptey |
Chairman |
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Mr. Daniel Acheampong Bekoe |
Manager |
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Mr. Kwesi Nkrumah |
Manager |
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Mr. Emmanuel Aidoo |
Engineer |
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None |
Parent company. |
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None |
Subsidiary company. |
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None |
Affiliated company. |
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None |
Shareholder of subject
firm. |
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None |
Branches of the firm |
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Registered to operate as
providers of information communication technology services and solutions |
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Imports: |
Asia, UK |
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Exports: |
None |
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Trademarks: |
None |
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Terms of sale: |
Cash (50%) and 25-90 days (50%), invoices. |
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Main Customers: |
firms and organizations |
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Employees: |
25 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Ghana |
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Location: |
Owned premises, 20,000 square feet, |
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Auditors: |
Information not available. |
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Insurance Brokers: |
Information not
available. |
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Currency Reported: |
Ghanaian Cedi (GHS.) |
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Approx. Ex. Rate: |
1 US Dollar = 3.22
Ghanaian Cedi |
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Fiscal Year End: |
December 31, 2013 |
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Inflation: |
According to information given by independent sources, the inflation
at December 31st, 2013 was of 13%. |
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Financial Information not
Submitted |
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Profit and Loss
(expressed in GHS.) |
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2013 |
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Sales |
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120,000,000 |
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Bank Name: |
Fidelity
Bank Ghana Limited |
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Branch: |
Ghana |
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Comments: |
None |
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Experiences: |
Good |
None
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This information was obtained
from outside sources other than the subject company itself and confirmed the
above subject. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.39 |
|
|
1 |
Rs.98.00 |
|
Euro |
1 |
Rs.76.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
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.