|
Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
FERRA AND CO |
|
|
|
|
Registered Office : |
No.41, St. Naum, 7300 Pogradec |
|
|
|
|
Country : |
Albania |
|
|
|
|
Date of Incorporation : |
14.04.1993 |
|
|
|
|
Com. Reg. No.: |
J61805508W |
|
|
|
|
Legal Form : |
Private Joint
Stock Company |
|
|
|
|
Line of Business : |
Trading in foodstuffs, sugars, and construction materials. The subject is involved in financing also. |
|
|
|
|
No. of Employees : |
160 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Albania |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
ALBANIA - ECONOMIC OVERVIEW
Albania, a formerly closed, centrally-planned state, is
making the difficult transition to a more modern open-market economy.
Macroeconomic growth averaged around 6% between 2004-08, but declined to about
3% in 2009-11, and 0.5% in 2012. Inflation is low and stable. The government
has taken measures to curb violent crime, and recently adopted a fiscal reform
package aimed at reducing the large gray economy and attracting foreign
investment. Remittances, a significant catalyst for economic growth declined
from 12-15% of GDP before the 2008 financial crisis to 8% of GDP in 2010,
mostly from Albanians residing in Greece and Italy. The agricultural sector,
which accounts for almost half of employment but only about one-fifth of GDP,
is limited primarily to small family operations and subsistence farming because
of lack of modern equipment, unclear property rights, and the prevalence of
small, inefficient plots of land. Energy shortages because of a reliance on
hydropower - 98% of the electrical power produced in Albania - and antiquated
and inadequate infrastructure contribute to Albania's poor business environment
and lack of success in attracting new foreign investment needed to expand the
country's export base. FDI is among the lowest in the region, but the
government has embarked on an ambitious program to improve the business climate
through fiscal and legislative reforms. The completion of a new thermal power
plant near Vlore has helped diversify generation capacity, and plans to upgrade
transmission lines between Albania and Montenegro and Kosovo would help relieve
the energy shortages. Also, with help from EU funds, the government is taking steps
to improve the poor national road and rail network, a long-standing barrier to
sustained economic growth. The country will continue to face challenges from
increasing public debt, having slightly exceeded its former statutory limit of
60% of GDP in 2012. Strong trade, remittance, and banking sector ties with
Greece and Italy make Albania vulnerable to spillover effects of the global
financial crisis.
Source
: CIA
Company Name: FERRA AND CO
Contact Information
|
Address |
No.41, St. Naum, 7300 Pogradec , Albania |
|
Postal Address |
- |
|
Telephone |
+355 52 264490 |
|
Fax |
+355 52 264492 |
|
Mobile |
- |
|
Email |
info@ferracom.com |
|
Website |
www.ferracom.com |
|
Other Information |
- |
Board/Executive
|
Name |
Ms. LILI FERRA |
|
Position within the company |
Executive Manager |
|
Country of Birth |
Albani |
|
Nationality |
Albanian |
|
Can fluently speak |
English |
|
Name |
Mr. Erjan Ferra |
|
Position within the company |
General Manager |
|
Country of Birth |
Albani |
|
Nationality |
Albanian |
|
Can fluently speak |
English |
|
Name |
Ms. Ardjana Gruda |
|
Position within the company |
Manager |
|
Country of Birth |
Albani |
|
Nationality |
Albanian |
|
Can fluently speak |
English |
Changes in Registration
Data
None recorded
Litigation, Remarks on
Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Shareholders with Shares
|
Shareholder Names |
Share% |
|
Ferra family |
100% |
Export/Import (
Countries, goods and total values for the period)
|
Imports From |
Worldwide |
|
Importing Terms |
L/C |
|
Import % and type of product |
100% - Finished Goods |
|
Exports To |
- |
|
Exporting Terms |
- |
|
Export % and type of product |
- |
Subsidiaries and
Participation
Subsidiaries and
Participation
|
Parent Company |
- |
|
Subsidiaries |
- |
|
Affiliates |
- |
Financial Information
It declined it.
Na
Registration Data
|
Date of Registration |
14/04/1993 |
|
Registration number |
J61805508W |
|
Legal address |
No.41, St. Naum, 7300
Pogradec, , Albania |
|
Legal Form |
Private Joint Stock Company |
|
Authorized Capital |
100,000,000 Albanian Lek |
|
Other Registration
Data |
- |
Activities ( realistic
and officials)
It is trading in foodstuffs, sugars, and construction materials. The
subject is involved in financing also.
Staff
|
Number of staff employed |
160 |
Facilities
|
Owned |
Offices, Warehouse |
|
Premises Size |
- |
Bankers
|
Bank |
ICB Bank |
|
Bank No |
- |
|
IBAN |
- |
|
Address |
- |
|
Telephone |
- |
Reporter Comments
|
Comments |
In the interview
conducted with Ms. Ardjana Gruda , she refused to cooperate with us completely. |
|
Local Reputation |
The company being investigated is believed by local reporters to be a Medium
Trade Risk and to be fair. |
|
Owner/Shareholders Comments |
Some
of the owners / shareholders have an active participation in
the running of the business. |
|
Age of Business |
Old Business |
|
MAX CREDIT |
Good Credit Worthiness |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
|
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.