MIRA INFORM REPORT

 

 

Report Date :

08.05.2013

 

IDENTIFICATION DETAILS

 

Name :

UNION SH.P.K.

 

 

Registered Office :

SRB- 38000 Vucitrn; St. Ajet Gėrguri

 

 

Country :

Kosovo

 

 

Year of Establishments:

2005

 

 

Com. Reg. No.:

70035717

 

 

Legal Form :

Limited Liability Company                     

 

 

Line of Business :

Wholesaler of other food commodities

 

 

No. of Employees :

over of 30 employees

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate  

 

 

Payment Behaviour :

Unknown 

 

 

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.

 

Source : CIA

 

 

 

REGISTERED NAME & COMPANY SUMMARY

 

Full Company name:      " Union " Sh.p.k.

 

Address                        SRB- 38000 Vucitrn; St. Ajet Gėrguri

Tel                                +381-28-570-710

                                    http://www.union-ks.com   

E-mail:                          info@union-ks.com

Legal form:                   Limited liability Company;                     

IDN                               70035717

Establishment:              2005

Registration:                 With Serbian Business Registers Agency;           Reg. No.: 70035717

 

DIRECTORS/MANAGEMENT

 

Management:    Director            Mr. Xhabir Kajtzi

 

NEGATIVE INFORMATION

 

No negative information found.

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Institutional capital:        EUR 867.200,00

 

Shareholders:                Mr. Xhabir Kajtazi

Mr.  Natyre Kajtazi        

 

PAYMENT INFORMATION

 

Mode of payment                      we have no record about payment delay

FINANCIAL INFORMATION

 

Turnover                                   Included/

Assets/Liabilities                       Included

 

ADDITIONAL INFORMATION

 

Activities:         NACE

5138                 Wholesale of other food commodities,

5139                 Non-specialized wholesale of food, beverages and tobacco,

5145                 Wholesale of perfume and cosmetics,

5170                 Other wholesale,

5211                 Retail sale in non-specialized stores with food, beverages or tobacco predominating,

5222                 Retail sale of meat and meat products,

5225                 Retail sale of alcoholic and other beverages,

5232                 Retail sale of medical and orthopaedic goods,

6024                 Freight transport by road,

6312                 Storage and warehousing,

7011                 Development and selling of real estate,

7020                 Letting of own property,

5146                 Wholesale of pharmaceutical goods,

5233                 Retail sale of cosmetic and toilet articles,

5115                 Agents involved in the sale of furniture, household goods, hardware and iron mongery,

5116                 Agents involved in the sale of textiles, clothing, footwear and leather goods,

5121                 Wholesale of grain, seeds and animal feeds,

5132                 Wholesale of meat and meat products,

5136                 Wholesale of sugar and chocolate and sugar confectionery,

5137                 Wholesale of coffee, tea, cocoa and spices,

5143                 Wholesale of electrical household appliances and radio and television goods,

5147                 Wholesale of other household goods,

5164                 Wholesale of office machinery and equipment

Employees:      over of 30

Bankers:           Banka Ekonomike Sh A

                        Raiffeisen banka AD

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.27

UK Pound

1

Rs.84.32

Euro

1

Rs.70.99

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.