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Report Date : |
27.07.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Private Bag SOW7 Sowa |
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Country : |
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Date of Incorporation : |
25.04.1991 |
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Com. Reg. No.: |
C03846401112 |
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Legal Form : |
Limited Liability Company, Limited by shares |
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Line of Business : |
Production and supply of soda ash and salt |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Botswana |
B1 |
B1 |
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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 |
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COMPANY REPORTED: |
BOTSWANA ASH (PTY) LTD |
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Principal Address: |
Private Bag SOW7 Sowa, Botswana |
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Telephone: |
+267-6213210 |
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Fax: |
+267-6213213 |
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Email: |
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Internet: |
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Established: |
25/04/1991 |
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Registration: |
Botswana |
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VAT number: |
C03846401112 |
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Legal Form: |
Limited Liability Company, Limited by shares |
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Stock Listing: |
Not Listed |
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Workforce: |
2011 |
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250 |
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Office & Factories |
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Head offices |
Sua Pan, Sowa, Botswana |
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Branches |
None |
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Management/
Directors |
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President/ CEO (1) |
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Name |
Mr. D.A.
Halstead-Cleak |
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Active in daily business: |
Active |
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Current Title: |
Chairman |
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Country of residence |
Botswana |
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Remarks |
Top Decision Maker |
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Director (2) |
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Name |
Mr. J. Thamage |
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Active in daily business: |
Active |
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Current Title: |
Deputy Chairman |
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Country of residence |
Botswana |
Top decision maker is the person who has the ultimate authority or power to make important managerial decisions. He/She may or may not be officially registered as a president or an executive director.
No negative information found
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Company Profile: |
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Nominal Capital |
BWP. 50,000 |
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Paid in Capital |
BWP. 50,000 |
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Subscribed Capital |
BWP. 50,000 |
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Shareholders |
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Name |
Position |
Amount
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Ratio |
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Mr. D.A. Halstead-Cleak |
Chairman |
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Mr. J. Thamage |
Deputy Chairman |
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Mr. Montwedi Mphathi |
Director |
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Mr. D.E.G Bettesworth |
Director |
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Mr. C.A.J. Botha |
Director |
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Mr. N. Mokgwathi |
Director |
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Mr. M.I. Ebrahim |
Director |
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Mr. P. Freeman |
Director |
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Mr. B. M. Steyn |
Director |
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Dr. N. Moeti |
Director |
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Mr. D. M. J. Whelan |
Director |
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Mr. G. R. Mojaphoko |
Director |
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Chlor Alkali Holdings
(CAH) Group |
Shareholder |
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50.00% |
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Overnment of Botswana |
Shareholder |
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50.00% |
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Total |
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100.00% |
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Terms of
payment |
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Buying
terms |
30% in
cash, 70% on credit |
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Selling
terms |
80% in
cash, 20% on credit |
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Affiliated
Companies |
None |
Na
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Exchange Rate |
US$ 1 = BWP. 7.82 |
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Established: |
25/04/1991 |
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Registration: |
Botswana |
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VAT number: |
C03846401112 |
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Legal Form: |
Limited Liability Company, Limited by shares |
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Stock Listing: |
Not Listed |
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Workforce: |
2011 |
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250 |
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Office & Factories |
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Head offices |
Sua Pan, Sowa, Botswana |
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Branches |
None |
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Business Activities |
Production and
supply of soda ash and salt |
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Suppliers |
Various
companies |
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Customers |
firms
and organizations |
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Recent
Sales |
BWP. 150,000,000
(2011 Estimated) |
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Exports |
Neighboring countries |
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Export
Ratio |
20.0% |
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Import
Ratio |
60.0% |
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Domestic
Market Share |
20.0% |
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Business Premises |
20000 Sft |
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Type of occupation
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Owned |
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Location |
The subject is located close to a major road network |
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Premises used as
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Offices, Factory |
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Banking
relationship |
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Main
Banks |
Bank of Botswana |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.95 |
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UK Pound |
1 |
Rs.86.56 |
|
Euro |
1 |
Rs.67.95 |
INFORMATION DETAILS
|
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 |
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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 |
---- |
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.