MIRA INFORM REPORT

Report Date :

25.04.2012

IDENTIFICATION DETAILS

Name :	JOPEX d.o.o. Banja Luka
Registered Office :	Banja Luka, Rade Radića 337, BA 78000 Banja Luka
Country :	Bosnia and Herzegovina
Year of Establishment :	2011
Legal Form :	Limited Liability Company
Line of Business :	Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate
No. of Employees :	08

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New Company
Payment Behaviour :	Unknown
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 31^st, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
Bosnia and Herzegovina	b2	b2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name & address

JOPEX d.o.o. Banja Luka

Rade Radića 337

BA 78000 Banja Luka

Tel: +387 51/425250

Fax: +387 51/424252

E-mail: jopex.bl@gmail.com

Web: www.tor.ba

Company profile

Established: 2011.
Statistic number: 4403283350004
Basic capital: KM 2.000,00
Activity: Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate

(08.11)

Staff: 8

Legal form	limited liability company
Established	2011 (before that the company was active through other legal forms since 1996)
Registered	2011, Cantonal court Banja Luka, MBS: 57-01-0061-11 Statistic number: 4403283350004

Establishers

Ružica Miletić Rade Radića 337, 78000 Banja Luka, Bosnia & Hercegovina

100,00%

Basic capital

KM 2.000,00

Management

Boban Stoiljković, manager Bulevar Cara Dušana 13, 78000 Banja Luka, Bosnia & Hercegovina

Activity

Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate Cutting, shaping and finishing of stone Other building completion and finishing Final products of granite and marble Statues and monuments AsianStone official representative for Eastern Europe Import from China, India and Iran legal site and business premises are located at the above address Basic activity code (according to NACE Rev.2): Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate

Staff

2012

8

employees

Total revenue

Not available

Real estate

data on real estate not available

Assets

As the company has started recently with the operation, no balance sheets are yet available

Remarks

Short company name: JOPEX d.o.o. Banja Luka

Since there are no financial data available for this company due to new establishment, further development remains to be seen.

Exchange rate:
2007.12.31: EUR 1 = KM 1,9558
2008.12.31: EUR 1 = KM 1,9558
2009.12.31: EUR 1 = KM 1,9558
2010.12.31: EUR 1 = KM 1,9558
2011.12.31: EUR 1 = KM 1,9558

Inflations rate:
2007: 1,5%
2008: 7,4%
2009: -0,4%
2010: 2,1%
2011: 3,1%

Bankers

Raiffeisen Bank d.d. BiH 1610450061320042 (account opened 2011-04-07) Komercijalna Banka a.d. Banja Luka 5710100000205898 (account opened 2011-03-29) According to information from Central Bank in Bosnia and Hercegovina from 2012-04-19, the company accounts are not blocked.

Mode of payment

payment experiences are not yet available

Credit opinion	development remains to be seen, new company
	credit limit can not be said yet

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.79
UK Pound	1	Rs.85.17
Euro	1	Rs.69.53

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%)

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