|
Report Date : |
23.03.2013 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
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; 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 $700 million in debt
relief. Government corruption is hindering the development of a healthy private
sector as companies seek to navigate an environment with ever changing rules
|
Source
: CIA |
ORIGINAL ORDER
DETAILS
|
COMPANY REPORTED: |
KHOJA SHAHENAZ BANU |
|
Principal Address: |
BP 6011 Bujumbura, Burundi |
A Search was conducted with the registry of companies, Chamber of commerce, trade Ministry, and also with the Telephone directories, could not assist in tracing the company, in the view that we have exhaustively traced the company with no success. We recommend secured credit only.
However should Further Information be available, E.g. telephone, Fax, Email additional Investigations will be conducted
|
Management/ Directors |
Not found |
No negative information found.
Na
Na
|
Affiliated Companies |
none |
Na
|
Exchange Rate |
US$ 1 = BIF. 1574.01 |
|
Business Activities |
Could
not be established |
Na
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 : |
PDT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.