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Report Date : |
13.06.2013 |
IDENTIFICATION DETAILS
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Name : |
BOTSWANA ASH PROPRIETARY LIMITED |
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Registered Office : |
Sua Pan Sowa |
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Country : |
Botswana |
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Date of Incorporation : |
01.01.1995 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
The company is engaged in the production of Soda Ash and Salt. |
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No. of Employees : |
432 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Botswana |
A2 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
BOTSWANA - ECONOMIC OVERVIEW
Botswana has maintained one of the world''s highest economic
growth rates since independence in 1966. However, economic growth was negative
in 2009, with the industrial sector shrinking by 30%, after the global crisis
reduced demand for Botswana''s diamonds. Although the economy recovered in
2010, GDP growth has again slowed. Through fiscal discipline and sound
management, Botswana transformed itself from one of the poorest countries in
the world to a middle-income country with a per capita GDP of $16,800 in 2012.
Two major investment services rank Botswana as the best credit risk in Africa.
Diamond mining has fueled much of the expansion and currently accounts for more
than one-third of GDP, 70-80% of export earnings, and about one-third of the
government''s revenues. Botswana''s heavy reliance on a single luxury export
was a critical factor in the sharp economic contraction of 2009. Tourism,
financial services, subsistence farming, and cattle raising are other key
sectors. According to official government statistics, unemployment reached
17.8% in 2009, but unofficial estimates run much higher. The prevalence of
HIV/AIDS is second highest in the world and threatens Botswana''s impressive
economic gains. An expected leveling off in diamond production within the next
two decades overshadows long-term prospects. A major international diamond
company signed a 10-year deal with Botswana in 2012 to move its rough stone
sorting and trading division from London to Gaborone by the end of 2013. The
move may support Botswana''s downstream diamond industry.
Source
: CIA
Botswana
Ash Proprietary Limited
DBA:
Botash
ADDRESSES:
Main Address: Sua Pan
Zip code/City: Sowa, Botswana
Telephone: +267
621 3210
Fax: +267
621 3213
Web site: http://www.botash.bw
WIN Worldbox No.: BW0000020129
VAT-No.: CO3846401112
Profile
Established: 1995
Banks: First
National Bank
Employees: 432
CNPJ: -
Board of
Directors:
General Director MontwediMphathi
Public
information:
-
State Register: CO95/536
Legal form: Company
limited by shares
Incorporation date: 01.01.1995
Balance sheet filing date: -
Tax Contributor Number (CNPJ): -
Legal status: active
Responsible Register: State Register of Botswana
Entry Deleted Name
active Botswana Ash Proprietary Limited
Entry Deleted Address
active Sua Pan, Sowa, Botswana/BW
Import and
Export:
Export
Payment
history:
No
complaints on record.
Owners/-s:
Class: 50%
Name: Chlor-Alkali
Holdings Pty Ltd.
City/Country: Kempton Park, South Africa/ZA
Interest: 50,00%
voting right, 50,00% capital interest
The
other 50 % of the shares is held by the Government of Botswana.
Financial
information:
The
company does not publish or register the accounts; we have requested a copy.
Should we receive this, then we will send you an update.
Exchange
rate:
US$ 1,00 = BWP
8,54847 - Official rate on 12.06.2013
Main
Activities:
The
company is engaged in the production of Soda Ash and Salt.
Export
: mainly South Africa, limited to other sub-Saharan countries.
Operations
& branches:
At
Sua Pan, Sowa, we find the registered address and seat of business.
Staff:
432
Company's
Background:
The
business was first established in 1991; it was incorporated in the present form
during 1995.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.27 |
|
|
1 |
Rs.91.16 |
|
Euro |
1 |
Rs.77.50 |
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.