MIRA INFORM REPORT

 

 

Report Date :

15.12.2011

 

IDENTIFICATION DETAILS

 

Name :

METRO AD SKOPJE

 

 

Registered Office :

MK-1000 Skopje; St. III Makedonska brigade 48A

 

 

Country :

Macedonia

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1993

 

 

Legal Form :

JS Company

 

 

Line of Business :

Distribution, trading of agricultural or food product

 

 

No. of Employees :

54

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Macedonia

B2

B2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

Full Company name:      Manufacturing Wholesale and retail METRO AD export-import Skopje

Shortly name:                METRO AD Skopje

Address                        MK-1000 Skopje; St. III Makedonska brigade 48A

 

Tel.                                 : ++389 2 44 03 00;

Fax.                               : ++389 2 44 01 11;

 

E-mail: metroskopje@onebox.com

            http://www.metroad.com.mk/Default.aspx?alias=www.metroad.com.mk/en

 

 

Summary

 

Legal form:                      JS Company                IDN4768710                   Tax/VAT No.: MK4030993129373

 

Establishment:              1993

 

Registration                   with Commercial Court in Skopje;

 

Shareholders                   Main shareholder Mr. Jovan Miloseski   

 

Management:                CEO Mr. Jovan Miloseski

                                               

Activities                       Food processing industry

                                    Distribution, trading of agricultural or food product

 “…Metro – Skopje is a company specialized in trading and distributing frozen fish & seafood, as well as frozen poultry & naturally fermented olives.

 

We produce smoked fish of the finest quality and flavor (mackerel, salmon, herring, trout etc.), and process a variety of exquisite products in advanced facilities, ensuring compliance with appropriate standards of quality control that provide excellent service.

 

The company was established in 1993 and has been working prosperously ever since, collaborating with distinguished purveyors that produce, process, distribute and transport fish and seafood manufactured using advanced production methods.

 

Metro has a long-established tradition of importing high quality poultry from renowned Slovenian poultry producers – Jata, Perutnina and Pivka.

 

At the beginning of 2001, the new Metro business centre with advanced cold storage facility with a capacity of 1500 mt, as well as a new fish processing facility were opened.

 

We carefully select fish, poultry and olives and ensure the timely distribution.

 

Metro promotes and supports the value of fish and seafood products, offering a wide range of frozen fish, such as mackerel, salmon, hake, hoki, brotola, red fish, fish fillets and steaks in various packages, sprat, tuna cutlets, blue shark, swordfish, diverse kinds of shrimps, lobsters and crabs,  cleaned and stuffed squid, octopuses (a whole octopus, sliced or boiled), oysters and cuttlefish.

 

Employees:       2009-55             2010-54

           

Turnover                        Included/

Assets/Liabilities           Included

 

Bankers:                       500000000114972  AD Stopanska banka Bitola  

                                    200001559193997 Stopanska Banka AD, Skopje

 

Mode of payment           we have no record about payment delay

           

                       

Financial data

(official information)

 

 

BALANCE SHEET

December 31,2009

December 31,2010

 

In MKD

In MKD

 

1€=61.5 MKD

1€=61.5 MKD

 

 

 

Fixed assets :                                                                  

219.010.288

 217.740.250

Current assets :                                                

212.750.108

190.615.197

-stock

100.578.980

75.267.331

Total assets :                                                                                                                 

431.760.396

 408.355.447

 

 

 

Shareholders funds :                              

95.926.079

 97.633.199

-capital:                                                    

28.412.026

28.412.026

Non current liabilities:                                

281.243.847

 263.000.381

Current Liabilities:                                   

54.590.470

47.721.867

Liabilities:                                               

431.760.396

 408.355.447

 

 

P& L ACCOUNT

 

 

 

 

 

Total revenue:                                                                                

639.353.006

558.903.752

Total expenses:                                       

636.672.165

552.968.472

Profit                                            

2.114.623

 4.875.330

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.58

UK Pound

1

Rs.82.97

Euro

1

Rs.69.89

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.