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Report Date : |
19.12.2014 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Plot No.
M444/B, |
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Country : |
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Date of Incorporation : |
25.11.1996 |
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Com. Reg. No.: |
11456 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
importer, manufacturer and distributors of Pharmaceutical Products, Rapid Diagnostic Test Devices, Medical Diagnostic Devices and Reagents as well as related facilities |
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No of Employees : |
250 |
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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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 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Uganda |
b2 |
b2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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 |
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. 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. 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: KAMPALA PHARMACEUTICAL INDUSTRIES (1996)
LIMITED
Requested Name: KAMPALA
PHARMACEUTICAL INDUSTRIES
Other Names: KPI
Physical Address: Plot No. M444/B, Stretcher Road,
Ntinda, Ind. Area, Kampala
Postal Address: P. o. Box 7551
Kampala,
Country: Uganda
Phone: 256-414-222721/285645
Cell: 256-752285645
Fax: 256-414-220129
Email: mail@kpi.co.ug/kpi@swiftuganda.com/kpi@africaonline.co.ug/
Website: www.kpi.co.ug
Financial Index as of December 2013 shows subject firm with a medium
risk of credit. However, bank and credit
information obtained reveal a history of prompt payments.
Legal Form: Limited Corporation
Date Incorporated: 25-Nov-1996
Reg. Number: 11456
Tax Number: B96-1006-8398-Q
VAT Number: 24061-R
Nominal Capital UGS. 3,000,000,000
Subscribed Capital UGS. 2,781,000,000
Subscribed Capital
is Subscribed in the following form:
Position Shares
Mr. Nazeem Mohamed CEO
Mr. Zaherally
Kassamally Ahmed Director
Mr. Susheel G.
Somani Director
Mr. Surendra
Somani Director
Mr. Adarsh Somani Director
Dr. Suresh K.
Parikh Director
Dr. A. K. Mehta Director
Mr. V. N. Khanna Director
Mr. Bernard
Kugonza Head of Finance
Mr. Tapan Kumar Sarkar Manager
Mrs. Consolate
Ademson HRM
Industrial
Promotion Services(U) 1995 Ltd Shareholder 25%
Industrial
Promotion Services (Kenya) Ltd Shareholder 15%
Jubilee
investments co. Ltd, Uganda Shareholder 10%
Kopran Ltd India Holding Co. 50%
Kopran Ltd India Parent company.
None Subsidiary company.
None Affiliated company.
Industrial Promotion
Services(U) 1995 Ltd,
Industrial Promotion
Services (Kenya) Ltd,
Jubilee investments co. Ltd, Uganda. Shareholder of subject firm.
None Branches of the firm
Registered to operate as importer, manufacturer and distributors of pharmaceutical products, rapid diagnostic test
devices, medical diagnostic devices and reagents as well as related facilities
Imports: Asia,
Europe
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 25-90 days (60%), invoices.
Main Customers: Medical
firms and organizations
Employees: 250
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Uganda
Location: Owned
premises, 50,000 square feet,
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: Ugandan Shillings (UGS.)
Approx. Ex. Rate: 1 US Dollar = 2774.97 Ugandan Shillings
Fiscal
Year End: December 31, 2013
Inflation: According to
information given by independent sources, the
inflation
at December 31st, 2013 was of 13%.
Financial Information not Submitted
Profit and Loss (expressed in UGS.)
2013
Sales 25,650,000,000
Bank Name: STANDARD CHARTERED BANK UGANDA LTD
Branch: Kampala, Uganda
Comments: Other Banks
BARCLAYS
BANK OF UGANDA LTD
DIAMOND
TRUST BANK (U) LTD
Experiences: Good
None
This information was
obtained from outside sources other than the subject company itself and
confirmed the above subject.
Subject company is part of The Aga Khan Development Network (AKDN) and
falls under Aga Khan Fund for development (AKFED).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.32 |
|
|
1 |
Rs.98.68 |
|
Euro |
1 |
Rs.78.11 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
|
|
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|
Report Prepared
by : |
MNL |
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 |
|
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 |
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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 |
|
-- |
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.