MIRA
INFORM REPORT
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Report Date : |
21.09.2007 |
IDENTIFICATION DETAILS
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Name : |
BUKOOLA GENERAL
ENTERPRISES |
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Registered Office : |
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Country : |
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Date of Incorporation : |
4/5/95 |
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Com. Reg. No.: |
88741 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Importers &
Distributors of General merchandises etc. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 50,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
BUKOOLA GENERAL ENTERPRISES
Principal Address
Telephone: +256-41-349071/ +256-772507631
Fax: +256-41-343164
Email: bukoola@infocom.co.ug
Internet: None
Established
4/5/95
Registration
No. 88741
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
40
Office &
Factories
Head offices
Branches None
Company Profile
Paid in Capital UGX. 10,000,000
Subscribed Capital UGX. 10,000,000
Shareholders
Name Position Amount
Ratio
Ms. Aumo Florence Director 30.00%
Mr. Paul Kabaggu Director 30.00%
Walusimbi Baagala Director 20.00%
Omusomesa
W’obulimi Director 20.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 50,000 is recommendable
Affiliated Companies
Company (1) BUKOOLA CHEMICAL
INDUSTRIES LTD
Management/ Directors
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President/
CEO (1) |
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Name |
Ms. Aumo Florence |
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Work Experience |
10 years in this line of business |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mr. Paul Kabaggu |
̃ 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
Importers &
Distributors of General merchandises etc
Terms of payment
Buying terms 20% in cash, 80% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
The Mikate Suppliers Ltd.
Customers
Local agencies, stores and
outlets
Recent Sales
UGX. 1,500,000,000 (2006)
Exports
None
Export Ratio 10.0%
Import Ratio 0.0%
Domestic Market Share 20.0%
Banking relationship
Main Banks CCF 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 50,000 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%)