MIRA
INFORM REPORT
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Report Date : |
15.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
ALCATEL LUCENT E A LTD |
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Registered Office : |
P.O. Box 632
Uganda |
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Country : |
Uganda |
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Date of Incorporation : |
16.04.1998 |
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Com. Reg. No.: |
67478 |
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Legal Form : |
Limited Liability Company. Limited by shares |
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Line of Business : |
Information & Telecommunication solution Providers |
RATING &
COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 15,000,000 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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COMPANY REPORTED |
ALCATEL LUCENT E A LTD |
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Principal Address: |
P.O. Box 632
Uganda |
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Telephone: |
+256-414-345852/ +256-414-443585 |
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Fax: |
+256-414-345852/ +256 414 342730 |
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Email: |
None |
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Internet: |
None |
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Established: |
16/4/1998 |
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Registration: |
No. 67478 Uganda |
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National ID: |
10076085P |
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VAT number: |
27392M |
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Legal Form: |
limited Liability company, Limited by shares |
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Stock Listing: |
Not Listed |
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Workforce |
2006 |
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50 |
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Office
& Factories |
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Head offices |
Plot 113 B, Buganda
Road, Kampala, Uganda |
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Branches |
None |
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Company Profile |
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Paid in Capital |
UGX. 500,000,000 |
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Subscribed Capital |
UGX. 500,000,000 |
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Shareholders |
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Name |
Position |
Amount
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Ratio |
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Mr. Georges Krebs |
MD |
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Mr. Jean Godeluck |
Director |
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Mr. Jimmy Ukumanza |
Project Manager |
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Alcatel-Lucent group |
Holding Company |
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100.00% |
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Total |
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100.00% |
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Credit Opinion |
your proposed
credit amount of USD 15,000,000 is recommendable |
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Affiliated
Companies |
Alcatel Lucent Group of companies |
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Management/
Directors |
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President/ CEO (1) |
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Name |
Mr. Georges Krebs |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mr. Jean Godeluck |
Þ Top decision maker is the person who has the
ultimate authority or power to make important managerial decisions. He/She may
or may not be officially registered as a president or an executive director.
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Business Activities |
Information & Telecommunication
solution Providers o deliver voice, data and video communication services to
end-users. |
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Terms of payment |
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Buying
terms |
30% in
cash, 70% on credit |
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Selling
terms |
50% in cash/terms, 50% on credit |
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Suppliers |
Companies
within the Acaltel-lucent group |
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Customers |
GSM
, Telecommunication service providers and governments Etc |
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Recent
Sales |
USD
360,000,000 (2006) |
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Exports |
None |
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Export
Ratio |
25.0% |
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Import
Ratio |
20.0% |
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Domestic
Market Share |
40.0% |
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Banking
relationship |
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Main Banks |
Stanbic Bank |
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Credit Check of
Subject, President & CEO (as of report
date) |
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Payment Morale: |
In the documents at our disposal nothing
adverse has been shown so far. |
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CREDIT RATING: |
Financial situation is average. |
COMMENTS
We recommend your credit of USD 15,000,000 outstanding at any one time.
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%)