MIRA INFORM REPORT

 

 

Report Date :

02.08.2013

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

No Trace

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

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, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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; agriculture 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. 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 2006-12. 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. Burundi joined the East African Community in 2009, which should boost Burundi's regional trade ties, and also in 2009 received $700 million in debt relief. Government corruption is 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

 

D & Y COMPANY

 

ADDRESSES:

Main Address:   Airport Road Industrial Area

Zip code/City:    Bujumbura, Burundi

Telephone:       

Fax:     

Web site:         

 

 

Profile

 

Established:                  -

Line of Business:           -

Industry Division:            -

Industry-code (NACE):    -

Banks:                          -

Employees:                   -

CNPJ:                           -

 

 

DIRECTORS/MANAGEMENT

 

Board of Directors:

-

 

Official Administration:

-

 

Management

-

 

 

NEGATIVE INFORMATION

 

Public records information:

-

 

 

SHARE & SHARE CAPITAL INFORMATION

 

State Register:                                      -

Legal form:                                            -

Incorporation date:                                 -

Balance sheet filing date:                        -

Tax Contributor Number (CNPJ):  -

Legal status:                                         -

Responsible Register:                            -

 

 

PAYMENT INFORMATION

 

Import and Export:

-

 

Payment history:

No payment history is available.

 

Owners/-s:

-

 

 

FINANCIAL INFORMATION

 

Financial information:

No financial information is available.

FOREIGN EXCHANGE RATES

 

Exchange rate:

-

 

 

ADDITIONAL INFORMATION

 

Main Activities:

-

 

Staff:

-

 

 

NOTES & COMMENTS

 

In spite of many efforts, it proved impossible to trace the company. We could not find a registration for this company with the local trade register, or with various other registers we could consult.

We have also tried to search the company on the chamber of commerce of Burundi, but they aren’t registered.

We haven’t find a telephon number of the company.

We could also not find a website for the company. Searches via the stated address did also not yield any results.

If you dispose over further details, such as a different telephone number, then please advise so that we can continue our searches.

 Important Note:

Kindly provide us with additional information such as Correct Name, Address, Contact Details, Name of Contact Person or a copy of the Upper Part of Letterhead within 15 days of receiving this report, a would be sent without any additional cost.

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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