16 Bodies Costs Rs 2.1 Billion To The State

In the list, we find, in particular, the Mauritius Meat Authority, the Irrigation Authority, National Transport Corporation, the Rose Belle Sugar Estate, the former Industrial and Vocational Training Board, the BPML Freeport Services Ltd, the Agricultural Marketing Board, the Central Water Authority, the Business Parks of Mauritius Ltd., Mauritius Broadcasting Corporation, the Mauritius Shipping Corporation, the Central Electricity Board and the Rodrigues Regional Assembly. Other payers are small companies and transportation companies. These Rs 2.1 billion, more than Rs 980 million representing interest on loans.
In September 2010, the government had asked the parastatal body to take steps so that they can pay their debts. According to the Plan had established the Ministry of Finance by the end of December 2012, these 16 organizations have already had to repay their debts, but this is not always the case.
Arrears accumulate despite profits
They are several parastatal bodies and some private companies to have accumulated debt of Rs 2.1 billion to the government. Now it wants to recover sums due, which account for the bulk of arrears on loan repayments and the suitable interest. However, some of these parastatal bodies record profits in recent years.
At the table, the Mauritius Meat Authority is as bad student, since it does not pay the loan since 1980. Stock of the day, it is about Rs 5.7 million owed to the government. Irrigation Authority, for its part, the debts of which Rs Rs 378 600 000 150 200 000 represent interests. The agency does not pay the loan since 28 August 1996. National Transport Corporation, for its part, accumulated debt of Rs 394.7 million, of which Rs 240.7 million as interest. If the CNT repays the loan monthly amounts it pays to the government are not sufficient to solve its debt. Rose Belle Sugar Estate, her debts of Rs 152.5 million to the government. Of this amount, Rs 72.9 million represent arrears and Rs 79.6 million interest. No refund has been made since 30 June 2002. Former Industrial and Vocational Training Board has a slate of Rs 120.3 million. The organization does not pay its debts to the government since 1 November 2004.
The debt BPML Freeport Services Ltd has reached it, Rs 71.3 million, with interest on arrears of more than Rs 66 million. The company has rescheduled its debt last year and will be able to make repayments over a longer period than originally agreed with its creditors. The Agricultural Marketing Board has its debt of Rs 16.7 but fails to repay the loan since 2007.
This is the Central Water Authority (CWA) which has the largest slate with the government. Its debt is Rs 750.7 million, representing arrears of Rs 496.6 million and accrued interest of more than Rs 254 million. The Business Parks of Mauritius Ltd., she accumulated debt of Rs 94.8 million. Interest on arrears have them, reached Rs 90.8. The company has also rescheduled its debt last year.
The Mauritius Broadcasting Corporation has debts of Rs 6.5 million to the government and even the national radio and television is generally good payer, it has not repaid the loan last year. The Mauritius Shipping Corporation has either repaid the loan last year and debts currently stand at around Rs 10 million.
Currently, only the Central Electricity Board (CEB) is considered a good student's loan. The CEB, according to information available, regularly repay borrowings and debt is currently only Rs 2.6 million.
In addition, several small industries have accumulated debts totaling Rs 1.1 million, the final payments dating back to June 1994. Ditto for several transportation companies, whose slate displays Rs 4.5 million for loans on which no refund has been made so far. The Rodrigues Regional Assembly also figure deadbeat, with a debt of over Rs 750,000 remained unpaid since 2011.
Everything is, however, not the black table. Some parastatal bodies have indeed returned to profit after incurring losses. Thus, the CNT has made profits of Rs 75.8 million after losses of Rs 114.6 million in 2010. AMB also profits since 2008 but has been allowed to accumulate debt. In 2007, this organization had suffered losses of about Rs 56 million but remained profitable since. He earned profits of Rs 92.2 million in 2008 to Rs 22.3 mllions in 2009 to Rs 15.6 million in 2010 and Rs 61.4 million in 2011. The BPML also recorded a profit since 2008. Thus, the company responsible, among other things, management Cybercity Ebene, posted a profit of Rs 58.6 million in 2008 to Rs 55.7 million in 2009 to Rs 102.4 million in 2010 and Rs 141.2 million in 2011.
Rose Belle Sugar Estate, for its part, made a profit of Rs 153 million in 2007, Rs 8.8 million the following year and losses of Rs 5.4 million in 2009. Since then, the company does not disclose its financial statements to the Ministry of Finance.
The CWA, for its part, made profits in 2008 alone, with Rs 63.6 million. Subsequently, the organization has only suffer losses of around Rs 134.4 million in 2009 to Rs 81.3 million in 2010 and Rs 69.3 million in 2011. This is due to massive investments made by the CWA to improve the water supply. Lately, however, the financial situation of the organization stabilizes and it is in this sense that the government is claiming his due.