MIRA
INFORM REPORT
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RATING
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STATUS
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PROPOSED CREDIT LINE
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<10
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C
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Absolute credit risk exists. Caution needed to be exercised
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Credit not
recommended
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Status :
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No Trace
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Payment Behaviour :
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--
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Litigation :
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--
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NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
UKRAINE ECONOMIC OVERVIEW
After Russia,
the Ukrainian republic was the most important economic component of the former Soviet Union, producing about four times the output of
the next-ranking republic. Its fertile black soil generated more than
one-fourth of Soviet agricultural output, and its farms provided substantial
quantities of meat, milk, grain, and vegetables to other republics. Likewise,
its diversified heavy industry supplied the unique equipment (for example,
large diameter pipes) and raw materials to industrial and mining sites
(vertical drilling apparatus) in other regions of the former USSR. Shortly
after independence in August 1991, the Ukrainian Government liberalized most
prices and erected a legal framework for privatization, but widespread
resistance to reform within the government and the legislature soon stalled
reform efforts and led to some backtracking. Output by 1999 had fallen to less
than 40% of the 1991 level. Ukraine's
dependence on Russia
for energy supplies and the lack of significant structural reform have made the
Ukrainian economy vulnerable to external shocks. Ukraine depends on imports to meet
about three-fourths of its annual oil and natural gas requirements and 100% of
its nuclear fuel needs. After a two-week dispute that saw gas supplies cutoff
to Europe, Ukraine agreed to 10-year gas supply and transit contracts with
Russia in January 2009 that brought gas prices to "world" levels. The
strict terms of the contracts have further hobbled Ukraine's cash-strapped state gas
company, Naftohaz. Outside institutions - particularly the IMF - have
encouraged Ukraine
to quicken the pace and scope of reforms to foster economic growth. Ukrainian
Government officials eliminated most tax and customs privileges in a March 2005
budget law, bringing more economic activity out of Ukraine's large shadow economy, but
more improvements are needed, including fighting corruption, developing capital
markets, and improving the legislative framework. Ukraine's economy was buoyant
despite political turmoil between the prime minister and president until
mid-2008. The economy contracted nearly 15% in 2009, among the worst economic
performances in the world. In April 2010, Ukraine
negotiated a price discount on Russian gas imports in exchange for extending Russia's lease on its naval base in Crimea. Movement toward an Association Agreement with the
European Union, which would commit Ukraine to economic and financial
reforms in exchange for preferential access to EU markets, was curtailed by the
November 2013 decision of President YANUKOVYCH against signing this treaty. In
response, on 17 December 2013 President YANUKOVYCH and President PUTIN
concluded a financial assistance package containing $15 billion in loans and
lower gas prices. However, the end of the YANUKOVYCH government in February
2014 caused Russia
to halt further funding. With the formation of an interim government in late
February 2014, the international community began efforts to stabilize the
Ukrainian economy, including a 27 March 2014 IMF assistance package of $14-18
billion
COMPANY NAME:
Cammit Hekct LLC
cOMMENTS:
We have not managed
to trace the subject company.
The company matching the given name (Cammit Hekct LLC) is
not found in the State Register of Ukrainian Companies.
Generally there are 4 companies not matching the subject
name listed in the State Register by the given address (59 Lva Tolstogo str., Kyiv, Ukraine).
1. Kyivska Filiya Tovarystva z Obmezhenoyu Vidpovidalnistyu
PIVDENNA ENERGETYCHNA KOMPANIYA (name in English: Kyiv Branch of Limited
Liability Company SOUTHERN ENERGY COMPANY), legal
address: 59 Lva Tolstogo str., Kyiv, Ukraine,
registration number: 26345334.
2. Vseukrainska Gromadska Organizatsiya ENERGETYCHNA
ASOTSIATSIYA UKRAINY (name in English: Ukrainian Public Organization ENERGY
ASSOCIATION OF UKRAINE), legal address: 59 Lva Tolstogo str.,
Kyiv, Ukraine, registration number:
34424215.
3. Vidokremleniy Pidrozdil ENERGOEFEKTYVNIST Derzhavnogo
Pidpryemstva Natsionalna Atomna Energogeneruyucha Kompaniya ENERGOATOM (name in
English: Separate Subdivision ENERGY
EFFICIENCY of State Enterprise National Nuclear Energy
Generating Company ENERGOATOM), legal address: 59 Lva Tolstogo str., Kyiv, Ukraine,
registration number: 37147787.
4. Pervynna Profspilkova Organizatsiya VP ENERGOEFEKTYVNIST
DP NAEK ENERGOATOM (name in English: Primary Trade Union Organization VP ENERGY
EFFICIENCY DP NAEK ENERGOATOM), legal address:
59 Lva Tolstogo str., Kyiv,
Ukraine,
registration number: 37249239.
The subject company is not listed in city on-line
services/directories by the given name+address.
The subject company is not listed by the given name/address
in internet.
Could you, please, specify which one company is the subject
of your interest?
Would you please furnish us with any further details (EDRPOU
code /other ID numbers, correct legal name, contact numbers, actual legal
address) till 28.08.2014 so that we can continue our search.
Otherwise we will be forced to close the report.
Please, be advised that new name will be accepted as a new
order but not as an additional information.
Important Note:
Kindly provide us with additional information such as
Correct Name, Address, Contact Details, Name of Contact Person or a copy of the
Upper Part of Letterhead within 15 days of receiving this report, a would be
sent without any additional cost.
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Analysis Done by
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DIV
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Report Prepared
by :
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DPT
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.
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