MIRA
INFORM REPORT
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Report Date : |
23.10.2007 |
IDENTIFICATION DETAILS
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Name : |
ERAM UGANDA LTD |
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Registered Office : |
P. O |
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Country : |
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Date of Incorporation : |
1995 |
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Com. Reg. No.: |
12297 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Retailers of Veterinary products, drugs, Veterinary Medicines etc |
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 60,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
ERAM UGANDA LTD
Principal Address
P. O
Telephone: +256-414-235628/ 254099
Fax: +256-414-254099
Email: eram@infocom.co.ug
Internet: None
Established
1995
Registration
No. 12297
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
30
Office &
Factories
Head offices Plot 3
Hoima Road,
Branches None
Company Profile
Paid in Capital UGX. 1,000,000
Subscribed Capital UGX. 1,000,000
Shareholders
Name Position Amount
Ratio
Dr. Edward
Muhigirwa CEO
Mr. K Justus Financial
Manager
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 60,000 is recommendable
Affiliated
Companies
None
Management/
Directors
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President/
CEO (1) |
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Name |
Dr. Edward Muhigirwa |
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Work Experience |
10 years in this line of business |
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Remarks |
Top Decision Maker |
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.
Business Activities
Retailers of
Veterinary products, drugs, Veterinary Medicines etc
Terms of payment
Buying terms 50%
in cash, 50% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None
Customers
Local agencies, stores and
outlets
Recent Sales
UGX. 3,311,547,348 (2006)
Exports
None
Export Ratio 0.0%
Import Ratio 20.0%
Domestic Market Share 50.0%
Banking
relationship
Main Banks Stanbic Bank
Credit Check of
Subject, President & CEO
(as of report date)
Payment Morale : In the documents at our disposal
nothing adverse has been shown so far.
CREDIT RATING : Financial situation is
average.
COMMENTS
Maximum credit we recommend is USD 60,000 outstanding at any one time. Additional information to follow as we have promised full financial information from the company
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%)