MIRA INFORM REPORT

 

 

Report Date :

20.11.2014

 

IDENTIFICATION DETAILS

 

Name :

KVINT-TORG, LTD

 

 

Registered Office :

23-A Mykoly Raevskogo Str., Kiev, 01042

 

 

Country :

Ukraine

 

 

Date of Incorporation :

04.07.2013

 

 

Com. Reg. No.:

38812841

 

 

Legal Form :

Limited Liability Company by Ukrainian Law

 

 

Line of Business :

Wholesale of chemicals and allied products

 

 

No of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

                                       New Business

 

--

 

Status :

New Company

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Ukraine

B2

C2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

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.

 

Source : CIA

 

 

 

 

 

Identification

 

 

 

Full Name

:

Tovarystvo z obmezhenoyu vidpovidalnistyu KVINT-TORG

Name in English

:

KVINT-TORG, LTD

 

Office Address

:

Ukraine

 

 

 

 

 

Not traced. Please, see final comments.

 

Legal Address

:

23-A Mykoly Raevskogo str., Kiev, 01042, Ukraine

 

 

 

 

Contacts

:

n/a

 

 

 

SUMMARY


Legal Form : TOV (Limited Liability Company by Ukrainian Law)

Incorporation : 2013

Staff : n/a

Litigation events : n/a
Remarks on payments : n/a


Sales : n/a

 

 

 

 

Incorporation

:

2013

 

Registration Data

 

 

Date of registration

:

04.07.2013

Registration number

:

38812841

Registr. authority

:

Regional Justice Department (Kiev, Ukraine)

 

VAT number

:

388128426551

Registr. place

:

Ukraine

 

 

Date of VAT Payer registration: 01.09.2013

 

Legal Form

:

TOV (Limited Liability Company by Ukrainian Law)

since 04.07.2013

 

 

 

 

Share Capital

:

1 000 UAH (registered)

since 04.07.2013

 

 

 

 

Shareholders

:

-

Mrs Baklagina Inna Nikolaevna (Ukraine)

100.00 %

 

 

share's book value

:

1 000 UAH

 

 

 

 

 

 

 

 

 

Board / Executives

 

 

 

Executives

 

 

Director

:

Mrs Baklagina Inna Nikolaevna (Ukraine)

 

 

 

Authorised signature

:

Mrs Baklagina Inna Nikolaevna

 

Activities

:

-

516

Chemicals and Allied Products

 

 

(5155 / NACE_1.1: Wholesale of chemical products)

 

 

(4675 / NACE_2: Wholesale of chemical products)

 

 

 

 

 

 

Official data.

 

Staff employed

:

n/a

There is no this information in the official sources.

 

 

 

Export

:

none

 

Import

:

none

 

Subsidiaries and Participation

:

n/a

 

Bankers

:

Registration file does not contain this information.

 

Litigation

:

There are no suits/litigation files recorded in the name of KVINT-TORG company registered at the web-site of the Unified State Register of the Legal Judgements.

 

 

According to the data of Bulletin of the State Registration as of 19.11.2014, there are no bankruptcy registered in the name of the subject company.

 

Remarks on payment

:

No official information is available according to the Ukrainian legislation.

 

Financial Elements

:

The official financial data is not available, because the subject is a recently established business.

 

 

 

The company is registered as a taxpayer at the State Tax Administration.

 

Publications

 

 

- 10.02.2014

:

Subject

:

Fitch has degraded the independent rating of Ukraine to CCC

 

 

 

 

Fitch Rating was the last one which degraded the independent rating of Ukraine to CCC from previous B-. Long-term rating of national currency obligations stands at B-, outlook  Negative. Rating of State Obligations in foreign currency was degraded from B- to CCC, while the State Obligations in national currency remained as B-. Before Fitch the other International agencies have also degraded the ratings of Ukraine: on January 28-th Standard&Poor`s changed long-term and short-term ratings of obligations in foreign currency from B-/B to CCC+/C/ On February 1-st Moody`s degraded the rating of Ukrainian state obligations from Caa1 to Caa2. All Agencies assigned "Negative" outlook for State Obligations. http://investfunds.ua/news/fitch-snizilo-suverennyj-rejting-ukrainy-do-sss-kommersant-ukraina-117691/

 

 

 

 

 

FINAL COMMENTS

 

 

The information provided in this report has been collected from all the sources available. We have not managed to trace the contact data of the subject. The search results: 1. There were no contact numbers mentioned in your order. 2. There was the following phone number provided in its registration file: +38 044 3000139. We called by this number, however this number does not exist. 3. There was no company’s contact data found in phone/address directories/Internet. 4. The subject company is not listed in Kyiv on-line services/Kyiv phone/address directories. There were no any other contact details found. We have sent our letter of inquiry to the legal address. No answer has come in to us by now. If we receive the reply from the subject, we will update this report.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.83

UK Pound

1

Rs.96.56

Euro

1

Rs.77.42                       

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

SMN

 

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.