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Report No. : |
336398 |
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Report Date : |
19.08.2015 |
IDENTIFICATION DETAILS
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Name : |
KAP SUPPLIES (U) LIMITED |
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Registered Office : |
Plot 37, Mulwana Road, Bugolobi, P. O. Box 103653, Kampala |
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Country : |
Uganda |
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Date of Incorporation : |
15.05.2015 |
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Com. Reg. No.: |
201277 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Subject operates as
general traders. (Note: We tried to confirm obtain the details activity but the same is not available from any source.) |
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No. of Employees : |
10 Employees. |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
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 two-thirds 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 in 2008 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 and protracted negotiations and legal disputes
between the Ugandan government and oil companies may prove a stumbling block to
further exploration and development. Instability in South Sudan is a risk for
the Ugandan economy because Uganda is a key destination for Sudanese refugees
and South Sudan is Uganda's main export partner. Unreliable power, high energy
costs, inadequate transportation infrastructure, and corruption inhibit
economic development and investor confidence. During 2014 to 2015 the Uganda
shilling depreciated against the dollar, and this, coupled with increased
public debt, has severely impeded production, especially since Uganda imports
most of its capital goods.
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Source
: CIA |
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Registered Name: |
KAP SUPPLIES (U)
LIMITED |
|
Requested Name: |
KAP SUPPLIES (U) LIMITED |
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Other Names: |
KAP SUPPLIES |
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Physical Address: |
Plot
37, Mulwana Road, Bugolobi |
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Postal Address: |
P.
o. Box 103653 |
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|
Kampala,
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Country: |
Uganda |
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Phone: |
256-786270880 |
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Fax: |
256-414-391953 |
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Email: |
contact@kpasupplies.com/kapsupplies@gmail.com |
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Website: |
www.kapsupplies.com |
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Legal Form: |
Limited Corporation |
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Date Incorporated: |
15-May-2015 |
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Reg. Number: |
201277 |
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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 |
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Frank Kasozi |
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
general traders |
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Imports: |
Asia, Middle East |
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Exports: |
None |
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Trademarks: |
None |
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Terms of sale: |
Cash (60%) and 25-90 days (40%), invoices. |
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Main Customers: |
Local agencies |
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Employees: |
10 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 = 3556.39
Ugandan Shillings |
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Projected Fiscal Year End: |
December 31, 2015 |
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Projected Inflation: |
According to information given by independent sources, the inflation
at December 31st, 2015 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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2015 |
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Projected Sales |
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20,000,000 |
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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.65.22 |
|
|
1 |
Rs.102.23 |
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Euro |
1 |
Rs.72.39 |
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.