MIRA
INFORM REPORT
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Report Date : |
08.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
JOINT CLINICAL RESEARCH CENTRE |
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Registered Office : |
P O Box 1005, Kampala |
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Country : |
Uganda |
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Date of Incorporation : |
1988 |
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Com. Reg. No.: |
14/88 |
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Legal Form : |
Non Profit
Organization |
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Line of Business : |
Medical research
for HIV/AIDS studies |
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 80,000 |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
JOINT CLINICAL RESEARCH CENTRE
Principal Address
P O Box 1005, Kampala, Uganda
Telephone: +256-41-270283/ 273062
Fax: +256-41-242632
Email: jcrc@jcrc.co.ug
Internet: www.jcrc.co.ug
Established
1988
Registration
No. 14/88 Kampala,
Uganda
Legal Form
Non Profit
Organization
Stock Listing
Not Listed
Workforce
2006
250
Office & Factories
Head offices Plot No. 893, Ring Road, Butikiro House, Mengo, Kampala, Uganda
Branches None
Company Profile
Paid in Capital UGX. 100,000,000
Subscribed Capital UGX. 100,000,000
Shareholders
Name Position Amount
Ratio
Peter Mugyenyi Director
Tumukunde Dinah Director
Government of
Uganda Shareholder 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 80,000 is recommendable
Affiliated Companies
None Stated
Management/ Directors
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President/
CEO (1) |
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Name |
Peter Mugyenyi |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Tumukunde Dinah |
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
Medical research
for HIV/AIDS studies
Terms of payment
Buying terms N/A
Selling terms N/A
Suppliers
Medical organizations
Customers
Hospitals and Clinics
Recent Budget
USD. 200,000,000
(2006)
Exports
None
Export Ratio 0.0%
Import Ratio 80.0%
Domestic Market Share NA
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 80,000 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%)