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Report Date : |
25.07.2013 |
IDENTIFICATION DETAILS
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Name : |
PELAG S.R.O |
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Registered Office : |
Dědinova 2008/13, 148 00 Praha 4 |
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Country : |
Czech Republic |
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Date of Incorporation : |
23.02.2009 |
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Com. Reg. No.: |
C 148751 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesaler of china and ceramic goods. |
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No. of Employees : |
05 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Czech Republic |
B1 |
B1 |
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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 |
Czech Republic - ECONOMIC OVERVIEW
The Czech
Republic is a stable and prosperous market economy closely integrated with the
EU, especially since the country's EU accession in 2004. While the
conservative, inward-looking Czech financial system has remained relatively
healthy, the small, open, export-driven Czech economy remains sensitive to
changes in the economic performance of its main export markets, especially
Germany. When Western Europe and Germany fell into recession in late 2008,
demand for Czech goods plunged, leading to double digit drops in industrial
production and exports. As a result, real GDP fell 4.7% in 2009, with most of
the decline occurring during the first quarter. Real GDP, however, slowly
recovered with positive quarter-on-quarter growth starting in the second half
of 2009 and continuing throughout 2011. In 2012, however, the economy fell into
a recession due to a slump in external demand. The auto industry remains the
largest single industry, and, together with its upstream suppliers, accounts
for nearly 24% of Czech manufacturing. The Czech Republic produced more than a
million cars for the first time in 2010, over 80% of which were exported.
Foreign and domestic businesses alike voice concerns about corruption
especially in public procurement. Other long term challenges include dealing
with a rapidly aging population, funding an unsustainable pension and health
care system, and diversifying away from manufacturing and toward a more
high-tech, services-based, knowledge economy.
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Source : CIA |
Company
name & address
PELAG s.r.o.
Dědinova 2008/13
148 00 Praha 4
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Company
development |
Stagnant
business development |
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Terms of payment |
no complaints |
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Business
connection |
Business
connections are not denied |
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Legal form |
Private limited company |
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Foundation |
23/02/2009 - Private limited company |
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Comp. Register |
23/02/2009, Městský soud v Praze, RegNr.:
C 148751 |
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Share Capital |
23/02/2009 |
CZK |
200 000,- |
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Shareholders |
Rashid Ibragimov (26.11.1977) |
CZK |
200 000,- |
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Management |
Rashid Ibragimov (26.11.1977) |
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General Data |
Wholesale of
china and ceramic goods. |
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Main activity: |
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Trade name(s) |
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Address: |
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Staff |
2013 |
5 employees |
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According to the
Register: |
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Annual Sales |
Data
unavailable. |
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Property |
none |
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Remarks |
The company
contrary to the Act on Accounting does not store its final |
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Bankers |
Česká spořitelna, a. s. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.59.45 |
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UK Pound |
1 |
Rs.91.24 |
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Euro |
1 |
Rs.78.44 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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.