MIRA INFORM REPORT

 

 

Report Date :

17.11.2012

 

IDENTIFICATION DETAILS

 

Name :

CENTRAL D'ACHAT DE MÉDICAMENTS DU BURUNDI (CAMEBU)

 

 

Registered Office :

 

BP 1332, Bujumbura

 

 

 

 

Country :

Burundi

 

 

 

 

Date of Incorporation :

29.03.2000

 

 

 

 

Legal Form :

State Corporation

 

 

 

 

Line of Business :

Dealers in Pharmaceuticals and Medicinal Products and Facilities.

 

 

 

 

No. of Employees :

150

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

Burundi

C2

C2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

BURUNDI - ECONOMIC OVERVIEW

 

Burundi is a landlocked, resource-poor country with an underdeveloped manufacturing sector. The economy is predominantly agricultural. It accounts for just over 30% of GDP and employs more than 90% of the population. Burundi's primary exports are coffee and tea, which account for 90% of foreign exchange earnings, though exports are a relatively small share of GDP. Burundi's export earnings - and its ability to pay for imports - rests primarily on weather conditions and international coffee and tea prices. The Tutsi minority, 14% of the population, dominates the coffee trade. An ethnic-based war that lasted for over a decade resulted in more than 200,000 deaths, forced more than 48,000 refugees into Tanzania, and displaced 140,000 others internally. Only one in two children go to school, and approximately one in 15 adults has HIV/AIDS. Food, medicine, and electricity remain in short supply. Less than 2% of the population has electricity in its homes. Burundi's GDP grew around 4% annually in 2006-11. Political stability and the end of the civil war have improved aid flows and economic activity has increased, but underlying weaknesses - a high poverty rate, poor education rates, a weak legal system, a poor transportation network, overburdened utilities, and low administrative capacity - risk undermining planned economic reforms. The purchasing power of most Burundians has decreased as wage increases have not kept up with inflation. Burundi will remain heavily dependent on aid from bilateral and multilateral donors - foreign aid represents 42% of Burundi's national income, the second highest rate in Sub-Saharan Africa; the delay of funds after a corruption scandal cut off bilateral aid in 2007 reduced government's revenues and its ability to pay salaries. Burundi joined the East African Community, which should boost Burundi's regional trade ties, and received $700 million in debt relief in 2009. Government corruption is also hindering the development of a healthy private sector as companies seek to navigate an environment with ever changing rules.

 

Source : CIA

 

REGISTERED NAME & COMPANY SUMMARY

 

COMPANY REPORTED:

CPT DEPOT CAMEBU

Actual Names:

CENTRAL D'ACHAT DE MÉDICAMENTS DU BURUNDI (CAMEBU)

Division Name:

CPT DEPOT CAMEBU

Principal Address:

BP 1332 Bujumbura, Burundi

Telephone:

+257-22232500

Fax:

+257-22232500

Email:

None

Internet:

None

Established:

29/03/2000

Registration:

Bujumbura, Burundi

Legal Form:

State Corporation

Stock Listing:

Not Listed

Workforce:

2011

 

 

 

 

150

 

 

 

Office & Factories

Head offices

Avenue Nyabisindu N1, Bujumbura, Burundi

Branches

Various in Burundi

 

 

DIRECTORS/MANAGEMENT

 

Management/ Directors

 

Minister (1)

Name

Hon. Dr Sabine Ntakarutimana

Active in daily business:

Active

Current Title:

Minister

Country of residence

Burundi

Remarks

Top Decision Maker

 

 

Director (2)

Name

Mr. Donatien Bigirimana

Active in daily business:

Active

Current Title:

Managing Director

Country of residence

Burundi

 

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.

 

 

NEGATIVE INFORMATION

 

No negative information found

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Share Capital:

Nominal Capital

BIF. 1,000,000

Paid in Capital

BIF. 1,000,000

Subscribed Capital

BIF. 1,000,000

Shareholders

Name

Position

Amount

Ratio

Hon.Dr Sabine Ntakarutimana

Minister

 

 

Mr. Donatien Bigirimana

MD

 

 

Mr. Yves Berjeaud

Director

 

 

Mr. Emmanuel Nsengiyumva

Director

 

 

Government Of Burundi

Shareholder

 

100.00%

Total

 

 

100.00%

 

 

PAYMENT INFORMATION

 

 

Terms of payment

Buying terms 

30% in cash, 70% on credit and Tenders

Selling terms

80% in cash, 20% on credit and Tenders

Suppliers

Various suppliers

Customers

Local agencies, stores, chemists, medical firms

 

 

Recent Sales

BIF. 4,800,000,000  (2011 Estimated)

Exports

None

Export Ratio

0.0%

Import Ratio

60.0%

Domestic Market Share

50.0%

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Affiliated Companies

None

 

 

FINANCIAL INFORMATION

 

N/a

 

 

FOREIGN EXCHANGE RATES

 

Exchange Rate

US$ 1 = BIF. 1470.01

 

ADDITIONAL INFORMATION

 

Established:

29/03/2000

Registration:

Bujumbura, Burundi

Legal Form:

State Corporation

Stock Listing:

Not Listed

Workforce:

2011

 

 

 

 

150

 

 

 

Office & Factories

Head offices

Avenue Nyabisindu N1, Bujumbura, Burundi

Branches

Various in Burundi

 

Business Activities

Dealers in pharmaceuticals and medicinal products and facilites

 

Business Premises

5000 Sft

Type of occupation                                              

Owned

Location 

The subject is located close to a major road network                      

Premises used as                                               

Offices, Warehouse

 

Banking relationship

Main Banks

Banque de la République du Burundi

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.99

UK Pound

1

Rs.87.21

Euro

1

Rs.70.22

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIT

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.