MIRA INFORM REPORT

 

 

Report Date :           

18.04.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

DRUSHTVO ZA TRGOVIJA NA GOLEMO I MALO ALMA-M DOOEL EKSPORT-IMPORT SKOPJE

 

 

Formerly Known As :

ALMA-M Zekir DOOEL

 

 

Registered Office :

Kachanichki Pat 65/A,  Vizbegovo,  Skopje

 

 

Country :

Macedonia

 

 

Date of Incorporation :

30.06.1991

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Importers and wholesalers of food and telecom products

 

 

No. of Employees :

185

 

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 :

DENAR 17,500,000

Status :

Moderate

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, 2012

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

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

 

DRUSHTVO ZA TRGOVIJA NA GOLEMO I MALO ALMA-M DOOEL EKSPORT-IMPORT SKOPJE (Correct)

 

ALMA M (Requested)

 

 

company ADDRESS

 

Street                           :  Kachanichki Pat 65/A

Area                             :  Vizbegovo

Town                :  Skopje

Country             :  Macedonia (former Yugoslavian Republic)

Telephone         :  (389 2) 265 7900 / 265 7970 / 265 7940

Fax                   :  (389 2) 665 7970

 

Shortform Name             :  ALMA-M dooel

Formerly Known As :  ALMA-M Zekir DOOEL

 

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                                Position

           

1. Muarem Murtezani                             Director

2. Biljana Trajkovski-Kacaniklic (Mrs)       Financial Manager

3. Olivera Jancev (Mrs)                           Deputy Financial Manager

 

Total Employees : 185

 

 

PAYMENTS

 

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

 

We consider it is acceptable to deal with subject for MEDIUM amounts.

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

 

Opinion on maximum credit : DENAR 17,500,000

 

Trade risk assessment : Normal

 

 

 

PRINCIPAL BANKERS

 

NAME               : KOMERCIJALNA BANKA AD

Branch              : Kej Dimitar Vlahov 4

Town                 : Skopje 91000

Telephone         : (389 2) 310 7107

Fax                    : (389 2) 311 1780 / 311 3494

Contact             : Vaso Kokalevski

 

Account no.: 000300000000123905

 

 

FINANCIAL INFORMATION

 

KEY FINANCIAL DATA

 

                                                            2010                           

                                                 (In Thousands of DENAR)

 

PROFIT & LOSS ACCOUNT

Sales turnover                 1,620,000

 

Private companies in Macedonia (former Yugoslavian Republic) are not required to disclose financial statements. These have been requested from the company but they have not been made available.

However, the subject interviewed offered the following information :

 

Sales turnover                : DENAR 1,620,000,000 - 2010 - approx

                                    : DENAR 1,700,000,000 - 2011 - estimated

 

Net profit/loss                            : not given           - 2010/2011

 

Financial year ends 31 December.

 

 

LEGAL STATUS AND HISTORY

 

Date Started :    30 June 1991

 

History : The company was founded in 1991 in Skopje and initially was

          dealing with import and export of mass consumption goods.

          In 1996 it commenced to import, distribute and sell

          products from renowned company WRIGLEY. In 1999 Alma-M

          extends its market in the territory of the Republic of

          Kosovo with headquarters in Pristina with the right to

          import, distribute and sell WRIGLEY R. products.

          In October 2004, Alma-M signed a contract with Mobimak

          (T-Mobile today) that empowered the company to become

          Master Dealer for distribution and selling of their

          products throughout the Republic of Macedonia.

          In 2005, the building of the partnership with the company

          Macedonian Telecommunications, the current T-Home

          continued.

          In 2006, Alma-M has become a distributor of the world's

          largest food company Nestle on the territory of Macedonia.

          In 2010, takes over the distribution of Nestle Icecream in

          Macedonia.

         

          Subject initially operated under the name "Drustvoto na

          trgovija na golemo i malo ALMA-M Zekir DOOEL eksport

          import" and it was owned by Zekir Osmani; in November 2002

          the name was changed to the current one and the new

          shareholder became Muarem Murtezani.

 

Fiscal ID No.: MK4030998347506

 

Company ID No.: 5236550

 

Capital : not given

 

Drustvo so Ogranicena Odgovornosy na Edno Lice (limited liability company owned by one person) with the following sole shareholder :

 

Muarem Murtezani

Ul. Konstantin Petkovik 13

Skopje

ID (passport) : 1324590/99

 

Affiliated companies of Drushtvo za trgovija na golemo i malo ALMA-M dooel eksport-import Skopje :

 

Associates

 

Alma Sh.P.K.

Arbėria Ahmet Krasniqi

Pristina

Kosovo

Telephone: 377 44158176 mobile

Registration Number:  70445497

Capital : EURO 20,000

Owned by Muarem Murtezani.

Authorized person : Veton Berisha

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Importers and wholesalers of food and telecom products.

 

Agents for :

-Wrigley

-Nestle

-Tmobile

 

Imports from Germany and Italy.

 

Subject does not export, all sales are domestic.

 

Most of the imports subject settles in advance.

 

 

FACILITIES

 

The Company has the following facilities :

 

Office premises, storage facilities, outlet located at the heading address*.

 

*

1. The company has a property located in an area of 30,000 sq metre HASAP standards warehousing facilities :

 

- 3,274 pallet places in excellent environmental conditions

- 1,000 pallet places on cooling conditions (14C to 18C)

-   900 pallet places - refrigerator (-18C to -40C)

 

2. Administration building area of 1,860 sq metre.

 

3. The car park as 128 vehicles of which:

- Vans with under part load cooling conditions - 17 vehicles

- Trucks coolers - 21 vehicle

- Pik-up - 43 vehicles

- Personel cars - 47 vehicles

 

Subject was formerly located at :

 

ulica Novoselski Pat bb

1000 Skopje

 

 

SPECIAL NOTE

 

Interviewed : Olivera Jancev (Mrs) (Deputy Financial Manager)

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.62

UK Pound

1

Rs.81.94

Euro

1

Rs.67.65

 

 

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.