MIRA INFORM REPORT

 

 

Report Date :

13.01.2011

 

IDENTIFICATION DETAILS

 

Name :

TRANSPAPER (U) LTD.

 

 

Registered Office :

Plot 23, Nkrumah Rd, P.o. Box 24564, Kampala

 

 

Country :

Uganda

 

 

Date of Incorporation :

10.02.1990

 

 

Com. Reg. No.:

B9510053204I

 

 

Legal Form :

Limited Corporation 

 

 

Line of Business :

Manufacture and supply of paper products such as paper boards, graphic accessories and also provide printing services.

 

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

 

Maximum Credit Limit :

USD 150,00

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – June 30, 2010

 

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

Uganda

B2

B2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

SUBJECT'S NAME   

 

Registered Name:                                  TRANSPAPER (U) LTD.

Requested Name:                                  TRANSPAPER (U) LTD.

Other Names:                                        None

 

ADDRESS AND TELECOMMUNICATION

 

Physical Address:                                  Plot 23, Nkrumah Rd, Kampala, Uganda

Postal Address:                                     P.o. Box 24564,

                                                            Kampala

Country:                                                Uganda

Phone:                                                  +256-41-4342814/ 254469/ 347866/ 983

Fax:                                                      +256-41-4342801

Email:                                                   tpl@africaonline.co.ug

Website:                                               None

 

CREDIT OPINION

 

Financial Index as of December 2009 shows subject firm with a medium risk of credit. We recommend Credit of USD 150,000 on 90 days.

If we do not provide an amount, then your maximum limit will suffice.

 

LEGAL

 

Legal Form:                                                    Limited Corporation 

Date Incorporated:                                           10/02/1990

Reg. Number:                                                 B9510053204I

Nominal Capital                                               TZS. 100,000,000

Subscribed Capital                                          TZS. 100,000,000

Subscribed Capital is Subscribed in the following form:

Name                                                            Position                          Shares

Mr. Anoop Shah                                                                                     Director          

Mr. Nitin Shah                                                 Director                           

Mr. Priyesh Shah                                            Director                           

Mr. Vimal Shah                                               Director                           

Ms Shilpa Haria                                              Director                           

KENYA STATIONERS LTD                              Holding Company              100%

 

RELATED COMPANIES  

 

KENYA STATIONERS LTD                              Parent company.

None                                                              Subsidiary company.

 TRANSPAPER TANZANIA

 EXPRESS AUTOMATION KENYA

 KENNAT

 TRANSPAPER RWANDA SARL

TRANSPAPER KENYA                                   Affiliated company.

None                                                              Shareholder of subject firm.

None                                                              Branches of the firm

 

OPERATIONS

 

Registered to operate Manufacture and supply of paper products such as paper boards, graphic accessories and also provide printing services.

Imports:                                                          Asia

Exports:                                                         None

Trademarks:                                                   None

Terms of sale:                                                 Cash (40%) and 30 days (60%), invoices.

                                                                    

Main Customers:                                             firms and organizations  

Employees:                                                    150 employees.

Vehicles:                                                        Several motor vehicles.

Territory of sales:                                            Uganda

Location:                                                        Owned premises, 52.000 square feet,

 

AUDITORS AND INSURANCE   

 

Auditors:                                                        Information not available.

Insurance Brokers:                                          Information not available.

 

                                                                    

FINANCE 

 

Currency Reported:                                         Uganda Shillings  (UGS.)

Approx. Ex. Rate:                                           1 US Dollar = 2100 Uganda Shillings 

Fiscal Year End:                                             December 31, 2010

Inflation:                                                         According to information given by independent sources, the inflation at December 31st, 2010 was of 13%.

 

Financial Information Submitted                       

                                                                     UGS.

                                                                    

Profit and Loss (expressed in UGS.)

                                                                                                    2010

Sales                                                                                            12,450,000,000

 

                                                                                                   

BANK 

 

Bank Name:     UGANDA COMMERCIAL BANK, P.o. Box 973, Kampala, Uganda

                       STANDARD CHARTERED BANK (U) LTD, 5 Speke Rd, Kampala, Uganda

                       CITI BANK (U) LTD, Plot 4, Nakasero Ternan Avenue, P.o Box 7505, Kampala

                      

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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.16

UK Pound

1

Rs.70.64

Euro

1

Rs.58.68

 

 

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

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.