MIRA
INFORM REPORT
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Report Date : |
04.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
G EST C LTD |
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Registered Office : |
12, Arshakunyac Str. Erevan 0023 |
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Country : |
Republic of Armenia |
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Year of Establishment: |
2006 |
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Com. Reg. No.: |
162.382.91673 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Supplier of Diamond, Gold and Jewellery. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company Details
Company Name: G Est C Ltd
Address:
12,
Arshakunyac Str. Erevan 0023
Republic of
Armenia 0023
Telephone: +374 10547715
Fax: +374 1051 9715
E-mail: newstet@yandex.ru
Company was originally started on 2006
Registration
& Legal Details
Current Legal Form Limited Liability Company
Registration Address: 12, Arshakunyac
Str. Erevan 0023
Republic of Armenia 0023
Registration Number: 162.382.91673
Established Date:
2006
Registration Date: 2006
Registration Town:
YEREVAN
Capital
Nominal capital: 150,000.00 USD
Principals
Name: Mr.Vahel A.
Position within the company: Commercial Director
Country of Birth: Armenia
Nationality: Armenia
Can fluently speak: Armani
Name: Ms.
Sonia Alaverdyan
Position within the company: Administrative assistant
Country of Birth: Armenia
Nationality: Armenia
Can fluently speak: Armani
Shareholders
It declined all shareholder data.
Company
Activities
Supplier of diamond, gold and jewellery.
Operations
Company Employs: 5
Sales: %95
Nationality – 5% Internationally
Sales to: General Public, Local
Authorities
Sales Term: Cash, Check, L/C
Vehicles: 3
HQ Premises
Operates Form: Rented: Office
Location: Central Business Area
Bank
Converse Bank CJSC, 26, Sarkisyana Str,.
Erevan Republic of Armenia
A/C No.: 1930027856270101
Swift: COVBAM22
Imports
Imports From: India, Hong Kong
Importing Terms: Letters of credit
Import % and type of product: 20% - Finished
Goods
Additional Information: Balance of %80
purchased via local market.
Export
Export % and type of product:
5%- Finished Goods
Export to: Russia
Exporting terms: Letters of credit
Related Companies
Information on Related Companies is not available/
applicable
Interview & Reporter Comments
In the interview conducted with Ms.
Sonia Alaverdyan , she declined financial
information and bank account number citing the grounds of company
confidentiality.
Name/Title:
Ms. Sonia Alaverdyan
Subject has confirmed the general details provided in the report but has declined to provide any Financial Data.
Note: The company is not known company on Armenia
company.
Conclusions
Local Reputation:
The company being investigated is believed by local reporters to be a High
Trade Risk and to be secured.
Owner/Shareholders Comments: All or most of the owners / shareholders have an active participation in the running of
the business.
Age of Business: Old Business
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.69 |
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UK Pound |
1 |
Rs.72.96 |
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Euro |
1 |
Rs.63.46 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)