MIRA INFORM REPORT
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Report Date : |
29.11.2011 |
IDENTIFICATION DETAILS
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Name : |
TATA UGANDA LTD |
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Registered Office : |
Plot 47, Jinja
Road, Kampala |
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Country : |
Uganda |
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Date of Incorporation : |
05.11.1994 |
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Com. Reg. No.: |
27412 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
importers and dealers of Tata vehicles, spare parts, after sale service, healthcare and pharmaceuticals products |
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No. of Employees
: |
70 Persons |
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 150,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Uganda |
b2 |
b2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUBJECT'S NAME
Registered Name: TATA UGANDA LTD
Requested Name: TATA
UGANDA LTD.
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address: Plot
47, Jinja Road, Kampala
Postal Address: P.o. Box 7153
Kampala,
Country: Uganda
Phone: 256-41344320/1/376546
Fax: 256-41344321/233915
Email: tata@starcom.co.ug / tata@utlonline.co.ug / tata@tatauganda.com
Website: www.tataafrica.com
CREDIT OPINION
Financial Index as of
December 2010 shows subject firm with a medium risk of credit. However, bank
and credit information obtained reveal a history of prompt
payments. We recommend Credit of USD 150,000 on 90 days.
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 5-Nov-1994
Reg. Number: 27412
VAT number: B94-1004-1130-F
Nominal Capital UGS. 250,000,000
Subscribed Capital UGS. 230,000,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. B Muthuraman Chairman
Mr. Noel N Tata MD
Mr. Shalendra Kundra Director
Mr. Ravi Chakravarti Director
Mr. Sudhir Deorus Director
Mr. Raman Dhawan Director
Tata International
Ltd, India Holding Company 100%
RELATED COMPANIES
Tata International
Ltd, India Parent company.
None Subsidiary company.
Various worldwide Affiliated company.
None Shareholder of subject firm.
Various in Major
towns Branches of the firm
OPERATIONS
Registered to operate as importers and dealers of Tata vehicles, spare
parts, after sale service, healthcare and pharmaceuticals products
Imports: Asia, Middle East,
China
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 25-90 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 70
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Uganda
Location: Owned
premises, 30.000 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 = 2580.98 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 not Submitted
Profit and Loss (expressed in UGS.)
2010
Sales 15,000,000,000
BANK
Bank Name: Bank of Baroda,
Branch: Kampala, Uganda
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.
The Subject is controlled by Tata International Ltd of India which is
part of the well known Tata Group of India
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.98 |
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UK Pound |
1 |
Rs.80.59 |
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Euro |
1 |
Rs.69.12 |
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 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.