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Report Date : |
26.07.2012 |
IDENTIFICATION DETAILS
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Name : |
CENTURY BOTTLING COMPANY LTD. |
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Registered Office : |
T/A Coca
Cola Sabco, Nakawa Industrial Area P. o.
Box 3990 |
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Country : |
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Date of Incorporation : |
26.12.1979 |
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Com. Reg. No.: |
7673 |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Distributors of soft drinks |
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No. of Employees : |
500 employees. |
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 600,000 |
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Status : |
Good |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Uganda |
B2 |
B2 |
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Risk Category |
ECGC Classification |
|
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 |
Registered Name: CENTURY BOTTLING COMPANY LTD.
Requested Name: CENTURY
BOTTLING COMPANY LTD.
Other Names: COCA COLA SABCO
Physical Address: T/A Coca Cola Sabco, Nakawa Industrial Area
Postal Address: P. o. Box 3990
Kampala
Country: Uganda
Phone: 256-312236500/-414-222691
Fax: 256-41-4221448/ 221145
Email: wtapson@ccaabco.co.za
Website: None
Financial Index as of December 2011 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 600,000 on 90 days.
Legal Form: Private Limited Liability Company
Date Incorporated: 26-Dec-1979
Reg. Number: 7673
Nominal Capital UGS. 502,866,940 Divided into
Shares of 50,286,694 each UGS. 10
Subscribed Capital UGS. 314,291,840
Subscribed Capital is Subscribed
in the following form:
Position Shares
Mr. M.M
Bagalaaliwo CEO 5,171,128
Mr. B. Moldenhaver Director
Mr. Thomas red
crist Director
Mr. Philip hugo
Gutsche Director
Mr. Ian Robert
Bishop Director
Mr. Sarah
Bagalaaliwo Director
Mr. Steven
Eastwood Director
Mr. Norton
Kingwill Country
Manager
Mr. Ivan Francis
Bombom Finance
Manager
M’s Sarah
Bagalaaliwo Shareholder 1,608,060
Cocacola Sabco
(Ea) Ltd Holding
Co. 23,257,596
Cocacola Sabco
(Ea) Ltd Parent company.
None Subsidiary
company.
Various world wide Affiliated company.
None Shareholder
of subject firm.
2nd Factory At
Mbarara In Western Uganda Branches of the firm
Registered to operate as distributors of soft drinks
Imports: Asia,
Africa
Exports: None
Trademarks: None
Terms of sale: 90%
in cash, 10% on credit
Main Customers: Distribution
Stores and outlets
Employees: 500
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Uganda
Location: Rented
10,000 square feet
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: Ugandan Shillings (UGS.)
Approx. Ex. Rate: 1 US Dollar = 2467.97 Ugandan Shillings
Fiscal Year End: December
31, 2011
Inflation: According to
information given by independent sources, the inflation at December 31st,
2011 was of 13%.
Financial Information not Submitted
Profit and Loss (expressed in UGS.)
2010 2011
Sales 36,300,000,000 39,990,000,000
Bank Name: BARCLAYS BANK LTD
Branch: Kampala Road Branch
Comments: None
Experiences: Good
None
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.56.37 |
|
|
1 |
Rs.87.44 |
|
Euro |
1 |
Rs.68.04 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
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 |
|
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.