|
Report Date : |
30.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
ILIRIA MEZAP SH.P.K |
|
|
|
|
Registered Office : |
Zona Industriale, Rruga:Marsen Kashen, (Ish
Punishta E Embelsirave) |
|
|
|
|
Country : |
Albania |
|
|
|
|
Date of Incorporation : |
25.09.2005 |
|
|
|
|
Com. Reg. No.: |
D79514742B |
|
|
|
|
Legal Form : |
Limited Liability
Company |
|
|
|
|
Line of Business : |
Supplier of food
machineries and foodstuffs. |
|
|
|
|
No. of Employees : |
12 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Poor |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Albania |
B1 |
B1 |
|
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 acronym: -
Contact Information
|
Company Name |
ILIRIA MEZAP SH.P.K |
|
Address |
ZONA INDUSTRIALE, |
|
Telephone |
+355 22243203 |
|
Fax |
+355 22243203 |
|
Email |
Board/Executive
|
Name |
Mr. Claudio
Ciotti |
|
Position within the company |
General Manager |
|
Country of Birth |
Italy |
|
Nationality |
Italian |
|
Can fluently speak |
English |
|
Name |
Mr. Jetmir Isufaj |
|
Position within the company |
Manager |
|
Country of Birth |
Albani |
|
Nationality |
Albanian |
|
Can fluently speak |
English |
|
Name |
Ms. Marina Shtaga |
|
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 |
Registration Data
|
Date of Registration |
25/09/2005 |
|
Registration number |
D79514742B |
|
Legal address |
ZONA INDUSTRIALE, |
|
Legal Form |
Limited Liability Company |
|
Authorized Capital |
2,000,000 Albanian Lek |
|
Other Registration Data |
- |
Shareholders with Shares
It declined it.
Export/Import ( Countries,
goods and total values for the period)
|
Imports From |
Italy |
|
Importing Terms |
L/C |
|
Import % and type of product |
100% - Finished
Goods |
|
Exports To |
- |
|
Exporting Terms |
- |
|
Export % and type of product |
- |
Financial Information
It declined it.
Activities ( realistic
and officials)
Supplier of food
machineries and foodstuffs.
Member of Chamber of Commerce of Albania -
Italy
Staff
|
Number of staff
employed |
12 |
Facilities
|
Owned |
Rented, Warehouse |
|
Premises Size |
- |
Bankers
|
Bank |
ICB Bank |
|
Bank No |
- |
|
IBAN |
- |
|
Address |
- |
|
Telephone |
- |
Reporter Comments
|
Comments |
In the interview conducted with Ms. Marina Shtaga, 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 |
Someof the owners / shareholders have an active participation in
the running of the business. |
|
Age of Business |
Old Business |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.24 |
|
UK Pound |
1 |
Rs.84.54 |
|
Euro |
1 |
Rs.72.32 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.