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Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
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Name : |
ALCHEM INDUSTRIES |
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Registered Office : |
8, Rue de la Victoire, BP 2491 |
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Country : |
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Year of Incorporation : |
1985 |
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Legal Form : |
Not Available |
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Line of Business : |
The company is engaged in the trade in a wide assortment of more than 1600 different health products provides for hospitals, pharmacies, laboratories, state institutions and non-governmental organizations. |
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No. of Employees : |
45 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Unknown |
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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) |
|
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 $700 million in debt relief. Government corruption is
hindering the development of a healthy private sector as companies seek to
navigate an environment with ever changing rules.
Source
: CIA
ALCHEM INDUSTRIES
ADDRESSES:
Main Address: 8, Rue de la
Victoire, BP 2491
Zip code/City: Bujumbura, Burundi
Telephone: +257 22 22 75
57
+257
22 22 26 32
Fax: +257
22 22 29 55
Web site: http://www.alchemburundi.com/
E-mail: alchemburundi@gmail.com
Profile
Established: 1985
Line of Business: Consumer goods
wholesale
Industry Division: Wholesale trade
Industry-code
(NACE): 4646 Wholesale of
pharmaceutical goods
Banks: Not
disclosed.
Employees: 45
CNPJ: -
Board of
Directors:
General Director Brian Rasquinha
General Director Roland Rasquinha
No negative information found
N/a
Import and
Export:
Import
Owners/-s:
Name(s) of the sharreholder(s) are not available.
Financial
information:
There are no accounts available.
Exchange rate:
US$
1,00 =
BIF 1.552,30 - Official rate on 24.06.2013
Main Activities:
The company is engaged in the trade in a wide assortment
of more than 1600 different health products provides for hospitals, pharmacies,
laboratories, state institutions and non-governmental organizations.
Suppliers reportedly include:
GlaxoSmithKline
Sanofi Aventis
Alcon Labs
Becton Dickinson
Bayer Agro Sciences
Import: Europe, India, East Africa, China, and other
countries.
Operations & branches:
At the address, 8 Rue de la Victoire, BP 2491,
Bujumbura, we find the companies head office.
Quality
certification: ISO
9001:2008
Staff:
45
When
contacting the company, they declined to provide any information by phone. As
per their request we have sent an email requesting further details. So far we
did not receive a response. Should we receive more information in the coming
few days, then we will send you an update.
The
company is not registered with the Chamber of Commerce.
When
dealing with importers from Burundi we recomend you to seek (bank)guarantees.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
|
|
1 |
Rs.92.25 |
|
Euro |
1 |
Rs.78.38 |
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.