MIRA INFORM REPORT

 

 

Report Date :           

11.07.2011

 

IDENTIFICATION DETAILS

 

Name :

NIKLER ENTERPRISES OOO

 

 

Registered Office :

N. Azatutyan Street 21, Yerevan 37509

 

 

Country :

Armenia

 

 

Year of Establishment :

2001

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Importers, Exporters Wholesalers and Retailers of seafood fertilizer, chemical and vegetables 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

DRAM 25,000,000

 

 

Status :

Small Company 

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Armenia

b2

b2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

company NAME

 

Nikler Enterprises OOO (Correct)

Nikler Enterprises (Requested)

 

 

companyADDRESS

 

Building             : Samark Business Center, 6th Floor

Street               : Ulneci Street 58/1

Town                 : Yerevan

Country             : Armenia

Mobile               : (374 99) 909 099 (Gor Samsonyan) / (374 77) 120 525

E-Mail               : nikler.enterprises@gmail.com 

English Translation : Nikler Enterprises LLC

 

 

SENIOR COMPANY PERSONNEL

 

Name                           Position

 

Gor Samsonyan              Managing Director      

 

Total Employees : 15

 

 

PAYMENTS

 

No complaints have been heard regarding payments from local suppliers or banks.

 

We consider it is acceptable to deal with subject for SMALL amounts,

although it is normal accepted practice for international suppliers to deal on secured terms with Armenian importers.

 

Opinion on maximum credit : DRAM 25,000,000

 

Trade risk assessment: Normal

 

 

PRINCIPAL BANKERS

 

NAME     : HSBC BANK ARMENIA CJSC 

Branch   : 66 Teryan Street

Town     : Yerevan 0009

 

Telephone: (374 10) 515 000

Fax      : (374 10) 515 001

 

Account No.: 005 050 703 101 (102)

 

 

FINANCIAL INFORMATION

 

Private companies in Armenia are not required to publish or disclose balance sheets. However, the subject interviewed offered the following information :

 

Sales Turnover             : US DLRS 3,000,000 - 2008 - exact

                        : US DLRS 2,700,000 - 2009 - exact

                        : US DLRS 3,500,000 - 2010 - exact

 

Net Profit                       : US DLRS   800,000 - 2008 - exact

                        : US DLRS   600,000 - 2009 - exact

                        : US DLRS   900,000 - 2010 - exact

 

Financial year ends 31 December.

 

 

LEGAL STATUS AND HISTORY

 

Date Started : 2001

 

Tax No.: 01012075 

 

Capital : US DLRS 1,000,000

 

Obshchestvo s Ogranichennoy Otvetstvennostyu (limited liability company) with the following sole shareholder :

 

Gor Samsonyan                              100%

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Trading as importers, exporters wholesalers and retailers of seafood fertilizer, chemical and vegetables 

 

Imports from Iran and Uzbekistan.

 

Exports to India, Russia and UAE.

 

 

FACILITIES

 

The Company has the following facilities :

 

Administrative offices located at the heading address. Subject has 4 warehouses and 1 retail outlet located elsewhere in Armenia.  

 

Subject’s former administrative offices located at :

 

N. Azatutyan Street 21

Yerevan 37509

 

 

REGISTERED OFFICE

 

N. Azatutyan Street 21

Yerevan 37509

 

 

SPECIAL NOTE

 

You enquired on: Nikler Enterprises. Please note that the correct name is as per heading.   

 

Interviewed : Gor Samsonyan (Managing Director)        

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.33

UK Pound

1

Rs.70.74

Euro

1

Rs.63.65

 

 

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.