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Report Date : |
22.01.2013 |
IDENTIFICATION DETAILS
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Name : |
THOMAS & PIRON GRANDS LACS |
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|
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Registered Office : |
BP 6589 Kigali-Gikondo |
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Country : |
Rwanda |
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Date of Incorporation : |
17.03.2000 |
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Legal Form : |
Societe Anonyme Responsabilite Limitee. |
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|
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Line of Business : |
Enginering, Building
and construction services and solutions |
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|
|
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No. of Employees : |
150 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Rwanda |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
RWANDA - ECONOMIC OVERVIEW
Rwanda is a poor rural country with about 90% of the
population engaged in (mainly subsistence) agriculture and some mineral and
agro-processing. Tourism, minerals, coffee and tea are Rwanda's main sources of
foreign exchange. Minerals exports declined 40% in 2009-10 due to the global
economic downturn. The 1994 genocide decimated Rwanda's fragile economic base,
severely impoverished the population, particularly women, and temporarily
stalled the country's ability to attract private and external investment.
However, Rwanda has made substantial progress in stabilizing and rehabilitating
its economy to pre-1994 levels. GDP has rebounded with an average annual growth
of 7%-8% since 2003 and inflation has been reduced to single digits.
Nonetheless, a significant percent of the population still live below the
official poverty line. Despite Rwanda's fertile ecosystem, food production
often does not keep pace with demand, requiring food imports. Rwanda continues
to receive substantial aid money and obtained IMF-World Bank Heavily Indebted
Poor Country (HIPC) initiative debt relief in 2005-06. In recognition of
Rwanda's successful management of its macro economy, in 2010, the IMF graduated
Rwanda to a Policy Support Instrument (PSI). Rwanda also received a Millennium
Challenge Threshold Program in 2008. Africa's most densely populated country is
trying to overcome the limitations of its small, landlocked economy by
leveraging regional trade. Rwanda joined the East African Community and is aligning
its budget, trade, and immigration policies with its regional partners. The
government has embraced an expansionary fiscal policy to reduce poverty by
improving education, infrastructure, and foreign and domestic investment and
pursuing market-oriented reforms. Energy shortages, instability in neighboring
states, and lack of adequate transportation linkages to other countries
continue to handicap private sector growth. The Rwandan government is seeking
to become regional leader in information and communication technologies. In
2010, Rwanda neared completion of the first modern Special Economic Zone (SEZ)
in Kigali. The SEZ seeks to attract investment in all sectors, but specifically
in agribusiness, information and communications technologies, trade and
logistics, mining, and construction. The global downturn hurt export demand and
tourism, but economic growth is recovering, driven in large part by the
services sector, and inflation has been contained. On the back of this growth,
government is gradually ending its fiscal stimulus policy while protecting aid
to the poor. In 2011 rises in global food and fuel prices increased inflation
in Rwanda from 1% in January to more than 7% in October.
Source
: CIA
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COMPANY REPORTED: |
THOMAS & PIRON GRANDS LACS |
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Other Names: |
THOMAS & PIRON GRAND LACS S.A.R.L |
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Principal Address: |
BP 6589 Kigali-Gikondo, Rwanda |
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Telephone: |
+250-788306208 |
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Fax: |
+250-788306208 |
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Email: |
info@tpgl.rw |
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Internet: |
www.tpgl.rw |
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Established: |
17/03/2000 |
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Registration: |
Rwanda |
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Legal Form: |
Societe Anonyme Responsabilite Limitee. |
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Stock Listing: |
Not Listed |
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Workforce: |
2012 |
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|
150 |
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Office & Factories |
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Head offices |
Kigali-Gikondo, Rwanda |
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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. Piron Coralie |
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Active in daily
business: |
Active |
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Current Title: |
Active |
|
Country of residence |
Chief Executive
Officer |
|
Remarks |
Top Decision Maker |
|
Director (2) |
|
|
Name |
Mrs. Corallie Piron |
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Active in daily
business: |
Active |
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Current Title: |
Managing Director |
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Country of residence |
Rwanda |
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
|
Share Capital |
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Nominal Capital |
RWF. 1,000,000 |
||
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Paid in Capital |
RWF. 1,000,000 |
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Subscribed Capital |
RWF. 1,000,000 |
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Shareholders
|
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|
Name |
Position |
Amount |
Ratio |
|
Mr. Piron Coralie |
CEO |
|
|
|
Mrs. Corallie Piron |
MD |
|
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Total |
|
|
100.00% |
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Terms
of payment |
|
Buying
terms |
30%
in cash, 70% on credit |
|
Selling
terms |
80%
in cash, 20% on credit |
|
Suppliers |
Various
companies |
|
Customers |
Industries,
firms and organizations |
|
|
|
|
Recent
Sales |
USD. 15,000,000 (2012 Estimated) |
|
Exports |
None |
|
Export
Ratio |
0.0% |
|
Import
Ratio |
40.0% |
|
Domestic
Market Share |
30.0% |
|
Affiliated Companies |
None |
N/a
|
Exchange Rate |
US$ 1 = RWF. 631.31 |
|
Established: |
17/03/2000 |
|||
|
Registration: |
Rwanda |
|||
|
Legal Form: |
Societe Anonyme Responsabilite Limitee. |
|||
|
Stock Listing: |
Not Listed |
|||
|
Workforce: |
2012 |
|
|
|
|
|
150 |
|
|
|
|
Office & Factories |
||||
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Head offices |
Kigali-Gikondo, Rwanda |
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Branches |
None |
|||
|
Business Activities |
Enginering, Building
and construction services and solutions |
|
Business Premises |
5000 Sft |
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Type of occupation
|
Owned |
|
Location |
The subject is located close to a major road network |
|
Premises used as
|
Offices |
|
Banking
relationship |
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Main
Banks |
Bank of Kigali (BK) |
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.87 |
|
|
1 |
Rs.85.53 |
|
Euro |
1 |
Rs.71.77 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.