MIRA
INFORM REPORT
|
Report Date : |
18.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
MUGERWA & MASEMBE COMPANY |
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Registered Office : |
3rd Floor Diamond Trust Bldg 17/19 Kampala Road Kampala |
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Country : |
Uganda |
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Date of Incorporation : |
18.09.1978 |
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Com. Reg. No.: |
34/72 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Civil Litigation, Securities, Corporate and Business Law, Domestic and
International Business Practice. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD180,000.00 |
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|
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
Mugerwa & Masembe Company
Also Trade as:
-
Contact Information
|
Address |
3rd Floor Diamond Trust Bldg 17/19 Kampala Road Kampala Uganda |
|
Postal Address |
P O BOX 7166 Kampala, Uganda |
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Telephone |
+ 256 414 259 920 + 256 414 255 431 + 256 312 260 016 + 256 312 259 992 |
|
Fax |
+ 256 41 259 991 |
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Email |
masembe@mugmas.co.ug |
Registration Data
|
Date of Registration |
18/09/1978 |
|
Registration number |
34/72 |
|
Legal address |
3rd Floor Diamond Trust Bldg 17/19 Kampala Road Kampala Uganda |
|
Legal Form |
Private Limited Company |
|
Share Capital |
50,000,000.00 LGX |
Shareholders
with Shares
The subject declined all shareholder data.
Board/Executive
|
Name |
Mr. Timothy Masembe Kanyerezi |
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Position within the company |
Partner |
|
Can fluently speak |
English |
|
Name |
Mr. David Mpanga |
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Position within the company |
Executive Director |
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Can fluently speak |
English |
Changes in
Registration Data
None recorded
Activities (
realistic and officials)
The subject is involved in Civil Litigation, Securities, Corporate &
Business Law, Domestic and International Business Practice.
It is one of the firms that
merged to form MMAKS.
3rd
Floor Diamond
Trust Building
17/19 Kampala Road
P.O. Box 7166
Kampala
UGANDA
Tel: +256 (0)414 254374
Fax: +256 (0)414 254324
email: info@mmaks.co.ug
Staff
|
Number of staff employed |
38 |
Facilities
|
Owned |
Office |
Subsidiaries
and Participation
|
Client |
Bank of Uganda |
Bankers
|
Bank |
National Bank of Uganda |
Suppliers,
Partners
|
Suppliers |
Not known |
Litigation,
Remarks on Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Financial
Information
It declined all financial information.
Reporter Comments
|
Comments |
In the interview conducted with Mr. David
Mpanga ( Executive Director) , he declined bank
account number and financial information citing the grounds of company
confidentiality. |
|
Local Reputation |
The company being investigated is believed by local reporters to be a Medium Trade Risk and to be
fair. |
|
Owner/Shareholders Comments |
All or most of the owners / shareholders have an active participation in
the running of the business. |
|
Age of Business |
Old Business |
|
MAX CREDIT |
USD180,000.00 |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.28 |
|
UK Pound |
1 |
Rs.73.43 |
|
Euro |
1 |
Rs.68.22 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
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%)