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Report Date : |
13.06.2013 |
IDENTIFICATION DETAILS
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Name : |
UGE INVEST SH.P.K. |
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Registered Office : |
SRB- 38000 Pristina; St.Rrustem
Statovci 31 |
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Country : |
Kosovo |
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Date of Incorporation : |
October 2010 |
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Com. Reg. No.: |
70541424 |
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Legal Form : |
Limited
liability Company |
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Line of Business : |
·
Wholesale
of other food commodities Retail sale of
second-hand goods in stores |
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No. of Employees : |
01 |
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 : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Kosovo ECONOMIC OVERVIEW
Over the past
few years Kosovo''s economy has shown significant progress in transitioning to a
market-based system and maintaining macroeconomic stability, but it is still
highly dependent on the international community and the diaspora for financial
and technical assistance. Remittances from the diaspora - located mainly in
Germany, Switzerland, and the Nordic countries - are estimated to account for
about 14% of GDP, and donor-financed activities and aid for approximately 10%.
Kosovo''s citizens are the poorest in Europe with an average annual per capita
income (PPP) of $7,400. Unemployment, around 45%, is a significant problem that
encourages outward migration and a significant informal, unreported economy.
Most of Kosovo''s population lives in rural towns outside of the capital,
Pristina. Inefficient, near-subsistence farming is common - the result of small
plots, limited mechanization, and lack of technical expertise. With
international assistance, Kosovo has been able to privatize a majority of its
state-owned-enterprises. Minerals and metals - including lignite, lead, zinc,
nickel, chrome, aluminum, magnesium, and a wide variety of construction
materials - once formed the backbone of industry, but output has declined
because of ageing equipment and insufficient investment. A limited and
unreliable electricity supply due to technical and financial problems is a
major impediment to economic development, but Kosovo has received technical
assistance to help improve accounting and controls and, in 2012, privatized its
distribution network. The US Government is cooperating with the Ministry for
Energy and Mines and the World Bank to prepare commercial tenders for the
construction of a new power plant, rehabilitation of an old plant, and the
development of a coal mine that could supply both. In July 2008, Kosovo
received pledges of $1.9 billion from 37 countries in support of its reform
priorities, but the global financial crisis has limited this assistance and
also negatively affected remittance inflows. In June 2009, Kosovo joined the
World Bank and International Monetary Fund, and Kosovo began servicing its
share of the former Yugoslavia''s debt. In order to help integrate Kosovo into
regional economic structures, UNMIK signed (on behalf of Kosovo) its accession
to the Central Europe Free Trade Area (CEFTA) in 2006. Serbia and Bosnia
previously had refused to recognize Kosovo''s customs stamp or extend reduced
tariff privileges for Kosovo products under CEFTA, but both countries resumed
trade with Kosovo in 2011. The official currency of Kosovo is the euro, but the
Serbian dinar is also used illegally in Serb enclaves. Kosovo''s tie to the
euro has helped keep core inflation low. Kosovo maintained a budget surplus
until 2011, when government expenditures climbed sharply.
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Source : CIA |
Full Company name: " UGE INVEST " SH.P.K.
Address SRB- 38000 Pristina; St.Rrustem
Statovci 31
Telephone ++377-44 276 111;
+377-45-540 016
Legal
form: Limited liability
Company; IDN
70541424
Establishment: October 2010.
Registration: With Kosovo Business Registers
Agency; Reg. No.: 70541424
Management: Director Mr. Agron Xhaferi
No negative information
found
Institutional
capital: EUR 1.000
Shareholders: Mr. Agron Xhaferi
Mode of
payment we have no record about
payment delay
Turnover N/A
Assets/Liabilities N/A
Activities: NACE
5119 Agents involved in the sale of a variety of goods,
5138 Wholesale of other food
commodities,
5250 Retail sale of second-hand goods
in stores,
5227 Other retail sale of food,
beverages and tobacco in specialized stores,
5133 Wholesale of dairy produce, eggs
and edible oils and fats,
5132
Wholesale of meat and meat products,
5131
Wholesale of fruit and vegetables,
5121
Wholesale of grain, seeds and animal feeds,
5113
Agents involved in the sale of timber and building materials,
5030
Sale of motor vehicle parts and accessories,
5137
Wholesale of coffee, tea, cocoa and spices,
5010
Sale of motor vehicles
Employees: 1
Bankers: KOSOVO Banka AD
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.58.27 |
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UK Pound |
1 |
Rs.91.16 |
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Euro |
1 |
Rs.77.50 |
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.