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Report Date : |
31.07.2013 |
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 Kampala |
|
|
|
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Country : |
Uganda |
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|
|
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Date of Incorporation : |
26.12.1979 |
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|
|
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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 : |
664 employees. |
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 650,000 |
|
Status : |
Satisfactory |
|
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Uganda |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
UGANDA - ECONOMIC OVERVIEW
Uganda has substantial natural resources, including fertile soils,
regular rainfall, small deposits of copper, gold, and other minerals, and
recently discovered oil. Uganda has never conducted a national minerals survey.
Agriculture is the most important sector of the economy, employing over 80% of
the work force. Coffee accounts for the bulk of export revenues. Since 1986,
the government - with the support of foreign countries and international
agencies - has acted to rehabilitate and stabilize the economy by undertaking
currency reform, raising producer prices on export crops, increasing prices of
petroleum products, and improving civil service wages. The policy changes are
especially aimed at dampening inflation and boosting production and export
earnings. Since 1990 economic reforms ushered in an era of solid economic
growth based on continued investment in infrastructure, improved incentives for
production and exports, lower inflation, better domestic security, and the
return of exiled Indian-Ugandan entrepreneurs. Uganda has received about $2
billion in multilateral and bilateral debt relief. In 2007 Uganda received $10
million for a Millennium Challenge Account Threshold Program. The global
economic downturn hurt Uganda's exports; however, Uganda's GDP growth has
largely recovered due to past reforms and sound management of the downturn. Oil
revenues and taxes will become a larger source of government funding as oil
comes on line in the next few years. Rising food and fuel prices in 2011 led to
protests. Instability in South Sudan is a risk for the Ugandan economy because
Uganda''s main export partner is Sudan, and Uganda is a key destination for
Sudanese refugees. Unreliable power, high energy costs, inadequate
transportation infrastructure, and corruption inhibit economic development and
investor confidence.
Source
: CIA
Registered Name: CENTURY BOTTLING COMPANY LTD.
Requested Name: CENTURY
BOTTLING COMPANY LTD.
Other Names: COCA COLA SABCO
Physical Address: Jinja Road Namanve, Kampala
Registered 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: www.cocacolasabco.com
Financial Index as of December 2012 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 650,000 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
Mr. Peter Obong 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: 664
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Uganda
Location: Owned
10,000 square feet
Auditors: Information not available.
Insurance Brokers: Information not available.
Currency Reported: Ugandan Shillings (UGS.)
Approx. Ex. Rate: 1 US Dollar = 2594.99 Ugandan Shillings
Fiscal Year End: December
31, 2012
Inflation:
According
to information given by independent sources, the inflation at December
31st, 2012 was of 13%.
Financial Information not Submitted
Profit and Loss (expressed in UGS.)
2011 2012
Sales 39,990,000,000 43,989,000,000
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.59.83 |
|
|
1 |
Rs.91.76 |
|
Euro |
1 |
Rs.79.33 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.