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Report Date : |
18.02.2014 |
IDENTIFICATION DETAILS
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Name : |
EMONA CENTER " SH.P.K |
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Registered Office : |
SRB- 39000 Vucitrn; St. Dėshmorėt e Kombit |
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Country : |
Kosovo |
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Date of Incorporation : |
30.09.2011 |
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Com. Reg. No.: |
70392022 |
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Legal Form : |
Limited liability Company |
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Line of Business : |
·
Wholesale of meat and meat products ·
Wholesale milk , dairy products , eggs , oils and
greases food ·
Retail sale of footwear and leather articles |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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.
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 |
Full Company name: EMONA
CENTER " SH.P.K
Address SRB-
39000 Vucitrn; St. Dėshmorėt e Kombit ( official address)
Also address St. Magistralia Mitrovica PR KM
13
Mobile Telephone ++386-49-351-401
Legal form: Limited
liability Company; IDN 70392022
Tax No.: 600026034
Establishment: Constitution
date 30 / 09 / 2011 (D/M/Y)
Application date 07 / 11 / 2006 (D/M/Y)
Registration: With
Kosovo Business Registers Agency; Reg.
No.: 70392022
Management: Director
Mr. Agron Mikullovci
No negative information found.
Institutional capital: EUR
2.500,00
Shareholders: Mr.
Agron Mikullovci
Mode of payment we have
no record
N/a
Turnover N/A
Assets/Liabilities N/A
N/a
Activities:
NACE
5132 Wholesale of meat and meat products ,
5133 Wholesale milk , dairy products , eggs , oils and greases food
5243 Retail sale of footwear and leather articles ,
5244 Retail sale of furniture and appliances to lighting and household
products , pc
5245 Retail sale of electrical household appliances such as radios and
TV ,
5246 Retail petite items , colors and glass ,
5247 Retail sale of books , newspapers , paper goods and writing tools ,
5222 Retail sale of meat and meat products ,
5224 Retail sale of bread , rolls , cakes , pasta , sugar and pasta ,
5225 Retail sale of alcohol and other beverages ,
5226 Retail sale of tobacco ,
5241 Retail sale of textiles ,
Retail 5242 models attributed ,
5138 Wholesale of other food commodities ,
5141 Wholesale of textile ,
5143 Wholesale of electrical household appliances such as radios and TV
,
5145 Wholesale of perfume and cosmetics
5211 Retail sale in non-specialized stores that primarily sold food ,
beverages and tobacco,
5221 Retail sale of fruit and vegetables ,
5134 Wholesale of alcoholic and other beverages ,
5135 Wholesale trade of processed tobacco ,
5136 Wholesale of sugar , chocolate and confectionary ,
5137 Wholesale of coffee, tea , cocoa and spices ,
6024 Road transport of goods ,
6340 Activities of other transport agencies ,
7482 different business activities p.c
Employees: N/A
Bankers: Raiffeisen banka AD
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.95 |
|
|
1 |
Rs.104.02 |
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Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
RATING EXPLANATIONS
|
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 |
|
<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 SCs 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.