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Report Date : |
29.03.2013 |
IDENTIFICATION DETAILS
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Name : |
INFINITIV D.O.O |
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Registered Office : |
Maksimirska 118, HR 10000 Zagreb |
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Country : |
Croatia (Hrvatska) |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
15.02.1991 |
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Legal Form : |
limited liability company |
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Line of Business : |
Non-specialised wholesale of
food, beverages and tobacco |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Croatia (Hrvatska) |
B2 |
B2 |
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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 |
CROATIA (HRVATSKA)
- ECONOMIC OVERVIEW
Though still one of the wealthiest of the former Yugoslav
republics, Croatia's economy suffered badly during the 1991-95 war. The
country's output during that time collapsed and Croatia missed the early waves
of investment in Central and Eastern Europe that followed the fall of the
Berlin Wall. Between 2000 and 2007, however, Croatia's economic fortunes began
to improve slowly with moderate but steady GDP growth between 4% and 6% led by
a rebound in tourism and credit-driven consumer spending. Inflation over the
same period remained tame and the currency, the kuna, stable. Croatia
experienced an abrupt slowdown in the economy in 2008 and has yet to recover.
Difficult problems still remain, including a stubbornly high unemployment rate,
uneven regional development, and a challenging investment climate. The new
government has announced a more flexible approach to privatization, including
the sale in the coming years of state-owned businesses that are not of
strategic importance. While macroeconomic stabilization has largely been
achieved, structural reforms lag. Croatia will face significant pressure as a
result of the global financial crisis, due to reduced exports and capital
inflows. Croatia reentered a recession in 2012, and Zagreb cut spending. The
government also raised additional revenues through more stringent tax
collection and by raising the Value Added Tax in February 2012. Croatia's high
foreign debt, strained state budget, and over-reliance on tourism revenue could
hinder economic progress over the medium-term
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Source
: CIA |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.38 |
|
|
1 |
Rs.82.32 |
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Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
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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 |
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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 |
|
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 |
---- |
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.