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Report Date : |
06.08.2014 |
IDENTIFICATION DETAILS
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Name : |
CHEPISHEV EOOD |
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Registered Office : |
J.K. Boyana, Ul.Ivanitsa
Danchev 27 1616 Sofiya |
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Country : |
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Financials (as on) : |
2013 |
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Date of Incorporation : |
31.07.2007 |
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Com. Reg. No.: |
11535 |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Subject is engaged
in Restaurants and mobile food service activities |
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No. of Employees |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Bulgaria |
A2 |
A2 |
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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 |
BULGARIA ECONOMIC OVERVIEW
Bulgaria, a former Communist country that entered the EU on 1 January 2007, averaged more than 6% annual growth from 2004 to 2008, driven by significant amounts of bank lending, consumption, and foreign direct investment. Successive governments have demonstrated a commitment to economic reforms and responsible fiscal planning, but the global downturn sharply reduced domestic demand, exports, capital inflows, and industrial production. GDP contracted by 5.5% in 2009, and has been slow to recover in the years since. Despite having a favorable investment regime, including low, flat corporate income taxes, significant challenges remain. Corruption in public administration, a weak judiciary, and the presence of organized crime continue to hamper the country's investment climate and economic prospects
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Source
: CIA |
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COMPANY DETAILS
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Established: |
2007 |
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Registration: |
No. 11535 |
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Legal Form: |
limited liability
company with one shareholder only |
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Management: |
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Person functions in other companies: |
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No negative information given.
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Capital: |
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Shareholders: |
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Payment Practices:
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1: No adverse
payment incidents known at this time |
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Debt Collection |
There is no record
of any debt collection action by Coface Bulgaria Credit Management Services
EOOD against this company. |
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Related Companies:
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parent company |
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FINANCIAL
INFORMATION |
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Financials:
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Ratios:
Industry average values are listed for the NACE branch: I -
Accommodation and food service activities |
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Approximate Exchange Rates: |
2012: 1,9569 BGN = 1 EUR |
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Currency Conversion Information: |
Financial values have been converted to EUR. |
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Further Rating Information: |
Researched company is categorized as a medium sized company. |
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Subject of Operation: |
NACE |
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Workforce: |
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VAT registration details:
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The company does
not have VAT registration |
Na
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.86 |
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1 |
Rs.102.67 |
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Euro |
1 |
Rs.81.69 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
NIS |
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.