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Report No. : |
316771 |
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Report Date : |
14.04.2015 |
IDENTIFICATION DETAILS
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Name : |
REDDYS PHARMA LTD |
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Registered Office : |
Plot 114/115 Bombo Road, P. O. Box 33421, Kawampe Kampala |
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Country : |
Uganda |
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Date of Incorporation : |
08.02.2002 |
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Com. Reg. No.: |
386225 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Dealers in
Pharmaceuticasl Products, Medicinal Drugs. |
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No. of Employees : |
25 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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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Uganda |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
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. 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, although
lower oil prices since 2014 may prove a stumbling block to further exploration
and development. 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 |
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Registered Name: |
REDDYS PHARMA
LTD |
|
Requested Name: |
REDDYS PHARMA LTD |
|
Trade Names: |
REDDY'S PHARMA LTD |
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Physical Address: |
Plot 114/115 Bombo Road, |
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Postal Address: |
P.
o. Box 33421 |
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|
Kawampe
Kampala, |
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Country: |
Uganda |
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Phone: |
256-414-567945 |
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Fax: |
256-414-567946 |
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Email: |
reddyspharmaltd@gmail.com |
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Website: |
None |
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Legal Form: |
Limited Corporation |
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Date Incorporated: |
08-Feb-2002 |
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Reg. Number: |
386225 |
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Tax Number: |
1000042153 |
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Nominal Capital |
UGS.
1,000,000 |
|
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Subscribed Capital |
UGS.
1,000,000 |
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Subscribed Capital is Subscribed in the following form: |
||
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Position |
Shares |
|
Mr. Satish R. |
Director |
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|
None |
Parent company. |
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None |
Subsidiary company. |
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None |
Affiliated company. |
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None |
Shareholder of subject
firm. |
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None |
Branches of the firm |
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Registered to operate as dealers
in pharmaceuticasl products, medicinal drugs. |
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Imports: |
Asia |
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Exports: |
None |
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Trademarks: |
None |
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Terms of sale: |
Cash (40%) and 25-90 days (60%), invoices. |
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Main Customers: |
firms and organizations |
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Employees: |
25 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Uganda |
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Location: |
Rented premises, 1,500 square feet, |
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Auditors: |
Information not
available. |
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Insurance Brokers: |
Information not
available. |
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Currency Reported: |
Ugandan Shillings (UGS.) |
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Approx. Ex. Rate: |
1 US Dollar = 2975.47
Ugandan Shillings |
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Fiscal Year End: |
December 31, 2014 |
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Inflation: |
According to information given by independent sources, the inflation at December
31st, 2014 was of 13%. |
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Financial Information not
Submitted |
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Profit and Loss
(expressed in UGS.) |
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2013 |
2014 |
|
Sales |
2,658,000,000 |
2,665,000,000 |
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Bank Name: |
Crane
Bank |
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Branch: |
Uganda |
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Comments: |
None |
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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.62.37 |
|
|
1 |
Rs.91.60 |
|
Euro |
1 |
Rs.66.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
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 |
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<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.