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COMPANY PRESENTATION

We rarely wonder what skills are required to build multi-storey buildings. Before you see a building emerge from the earth, there are many steps to take. Bashir Rengony made it his job. This certified construction graduate from the City & Guilds of London, with an international qualification, is specialized in building and engineering works. His brand, New Era Construction, proposes building plans, masonry, plumbing, electrical, tiling. All his buildings are certified by the Mechanical and Electrical Engineers (M & E)

« From scratch to finition », is his niche! 

Bashir Rengony is a lover of his profession and he never stops learning. In the 20 years that he has been in this profession, the methods and technologies related to construction have evolved. He has always done everything to be aware of the latest materials and methods that are revolutionizing the field of construction. For him, learning is continuous. He also passes on his knowledge to the casual workers who work on his construction sites. 

Anyone can use the same products but Bashir Rengony’s way of using them is different from others and this sets him apart from his competitors. His greatest achievement today remains the 12-storey Atalian tower in Port-Louis.

PROJECT PRESENTATION

In order to finish an actual project before the prescribed period and to start other projects in the pipeline, Bashir Rengony will buy raw materials to meet these targets, taking on board more casual workers. Overall, he will also have time to prospect new clients.

KEY LOAN TERMS

Amount: MUR250,000

Interest Rate: 11%

Duration: 12 months

Profile: Monthly Amortizing

For an investment of MUR20,000, monthly repayment to lenders will be MUR1,767.63.

*No Freeze of Capital (Capital + Interest paid every month).

COMMENTS FROM OUR CREDIT TEAM

  • Favourable contracts in hand.
  • Favourable management of bank account.
  • Promoter has over 15 years of experience.
  • Sound past track records.

 

KEY FIGURES

MUR
FINANCIAL ELEMENTS – INDICATIVE
Indicative gross margin 10% < Gross margin ≤ 15%
Indicative net margin 2% < Net Profit Margin ≤5%
Indicative stock over (times per year) More than 6 times per year
Debt level Very low
Indicative turnover level for past 12 months (MUR) 2,340,631

 

THE TEAM

Bashir Rengony works with sub-contractors from various fields. He takes on board around 30 casual workers in large construction sites. Moreover, he usually trains them for specific works.

 

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