MIRA INFORM REPORT
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Report Date : |
28.09.2011 |
IDENTIFICATION DETAILS
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Name : |
UNIQUE EXIM GEORGIA SHPS |
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Registered Office : |
Tcintsadze street 8, Lanchkhuti
2800 |
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Country : |
Georgia |
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Date of Incorporation : |
08.09.2010 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
importers and wholesalers of pharmaceutical products and fruits as well
as subject plans to export hazelnuts |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Poor |
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Payment
Behaviour : |
Unknown |
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Litigation : |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Georgia |
c1 |
c1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
company NAME
Unique Exim Georgia ShPS (Correct)
Unique Exim (Georgia)
LLC (Requested)
company ADDRESS
Street : Tcintsadze street 8
Town : Lanchkhuti 2800
Country : Georgia
Telephone : (995 494) 223 888 / Mobile (995 555) 543 543 (Any Mokia)
Fax : (995 494) 223 888
E-Mail : sales@georgianexports.com / skjha@georgianexports.com / smplgeorgia@gmail.com
English Translation : Unique Exim
Georgia LLC
SENIOR COMPANY PERSONNEL
Name Position
1. Sunil Kumar Singh Ja Managing
Director
2. Gurdial Singh Business Manager
3. Any Mokia Translator / Business Assistant
Total Employees : 10
PAYMENTS
No
trade experience of payments is available.
Subject
is a newly established company incorporated in September 2010 and started
trading February 2011.
Opinion
on maximum credit : As the company has recently started
trading and has no
financial or payment
track record, we
recommend dealing on
fully secured terms.
Trade risk assessment: High
It is normal accepted practice for international
suppliers to deal on secured terms with Georgian importers.
PRINCIPAL
BANKERS
NAME : BANK OF GEORGIA
Branch : Pushkin Street 3
Town : Tbilisi 0105
Telephone :
(995 32) 244 4256
Fax :
(995 32) 244 4289
FINANCIAL
INFORMATION
As the
Company has only recently been established, relevant financial
information is not available. However, the subject interviewed offered the following
information :
Sales Turnover : US
DLRS 2,000,000 – 2011 – projected
Financial year ends 31 December.
LEGAL STATUS AND
HISTORY
Date Started : 8
September 2010
History : The
subject company was established in Georgia on 8 September 2010 and started
trading in February 2011.
Tax Code : 433642123
Authorised Capital : LARI 200
Paid-Up Capital : LARI 200
Shazguduli
Pasukhismbgeblobis Sazagadoeba (limited liability company) ShPS) with the
following sole shareholder :
Sunil Kumar Singh Ja 100%
(Indian national)
ACTIVITIES
The Company is involved in the following activities
:
Trading as importers and wholesalers of
pharmaceutical products and fruits as well as subject plans to export
hazelnuts.
NACE Code : 4646 / 4774 / 125
Imports from India.
Subject does not export, all sales are domestic.
FACILITIES
The Company has the following facilities :
Owned premises administrative offices and storage
facilities located at the heading address as well as 2 branch offices located in
Mumbai, India and California, USA (see 'Branch Offices' below).
REGISTERED
OFFICE
Tsintsadze street 8
Lanchkhuti 2800
BRANCH OFFICES
104B Hillview Park,
Thankur Village, Kandivali (E)
Mumbai 400101
India
Telephone : (91 22) 2885 1917
Fax : (91 22) 2885 1917
E-Mail : skjha@georgianexports.com
SPECIAL NOTE
You enquired on: Unique
Exim (Georgia) LLC. Please note that this name applies
to subject's English translation only. The company's correct registered name is
as per heading.
Interviewed: Any Mokia (Translator / Business
Assistant).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.18 |
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UK Pound |
1 |
Rs.76.65 |
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Euro |
1 |
Rs.66.63 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.