MIRA
INFORM REPORT
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Report Date : |
08.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
COMTEL INTERGRATORS AFRICA LTD |
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Registered Office : |
3rd Floor, Commercial
Plaza, Plot 7 Kampala Road |
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Country : |
Uganda |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
02.04.2005 |
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Com. Reg. No.: |
87230 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Distributors of IT and
Networking Products and Services |
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 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUBJECT'S NAME
Registered Name: COMTEL INTERGRATORS AFRICA LTD
Requested Name: Comtel
Intergrators Africa Ltd
Other Names: None found.
ADDRESS AND TELECOMMUNICATION
Physical Address: 3rd Floor, Commercial Plaza, Plot 7 Kampala Road
Postal Address: P.o Box 12894,
Kampala,
Country: Uganda
Phone: 256 414 237730
Fax: 256 414 237730
Email: info@comtelafrica.com
Website: www.comtelafrica.com
CREDIT OPINION
Financial Index as of December 2007 shows subject firm
with a medium risk of credit. We recommend Credit of USD 100,000 on 90 days.
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 02-Apr-05
Reg. Number: 87230
Nominal Capital UGX 50,000,000
Subscribed Capital UGX 10,000,000
Subscribed Capital
is Subscribed in the following form:
Position Shares
Mr. Vikash Kanapetradu MD/ CEO 25.00%
Mr. Wayne Robinson Director 25.00%
Mr. Cedric Tsiga Director 25.00%
Mr. Dennis Walusimbi Director 25.00%
RELATED COMPANIES
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
2 branches in Kenya & Tanzania Branches of the firm
OPERATIONS
Registered to operate as Distributors of IT &
Networking Products and Services
Imports: Asia,
Europe, and South Africa
Exports: Rwanda
Burundi
Trademarks: None
Terms of sale: Cash
(40%) and 30 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 40
employees.
Vehicles: 2
motor vehicles.
Territory of sales: Uganda
Location: Rented
premises, 1.000 square feet,
AUDITORS AND INSURANCE
Auditors: Information not available.
Insurance Brokers: Information not available.
FINANCE
Currency Reported: Uganda Shillings (UGX.)
Approx. Ex. Rate: 1 US Dollar = 2,000 Uganda Shillings
Fiscal Year End: December
31, 2007
Inflation: According to
information given by independent sources, the inflation at December 31st,
2007 was of 13%.
Financial Information Not Submitted
Profit and Loss (expressed in UGX)
2007
Sales 2,800,000,000
BANK
Bank Name: Tropical Bank
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.49.22 |
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UK Pound |
1 |
Rs.73.03 |
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Euro |
1 |
Rs.63.14 |
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%)