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Report Date : |
21.11.2014 |
IDENTIFICATION DETAILS
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Name : |
“ UNION “ SH.P.K |
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Registered Office : |
SRB- 38000 Vucitrn; St. Ajet Gërguri |
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Country : |
Kosovo |
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Date of Incorporation : |
05.04.2013 |
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Com. Reg. No.: |
70035717 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
· Wholesale of other food commodities, · Non-specialized wholesale of food, beverages and tobacco, · Wholesale of perfume and cosmetics, · Other wholesale, · Retail sale in non-specialized stores with food, beverages or tobacco predominating, · Retail sale of meat and meat products, · Retail sale of alcoholic and other beverages, · Retail sale of medical and orthopedic goods, · Freight transport by road, · Storage and warehousing, · Development and selling of real estate, · Letting of own property, · Wholesale of pharmaceutical goods, · Retail sale of cosmetic and toilet articles, · Agents involved in the sale of furniture, household goods, hardware and iron mongery, · Agents involved in the sale of textiles, clothing, footwear and leather goods, · Wholesale of grain, seeds and animal feeds, · Wholesale of meat and meat products, · Wholesale of sugar and chocolate and sugar confectionery, · Wholesale of coffee, tea, cocoa and spices, · Wholesale of electrical household appliances and radio and television goods, · Wholesale of other household goods, · Wholesale of office machinery and equipment |
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No of Employees : |
30 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Company |
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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
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. Kosovo's
citizens are the poorest in Europe with a per capita GDP (PPP) of $7,600 in
2013. An unemployment rate of 45% encourages emigration and fuels a significant
informal, unreported economy. Remittances from the diaspora - located mainly in
Germany, Switzerland, and the Nordic countries - are estimated to account for
about 15% of GDP, and donor-financed activities and aid for approximately 10%.
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. In 2013 Kosovo signed a
Free Trade Agreement with Turkey and is negotiating liberalization of trade
with EU as part of a Stabilization and Association Agreement.
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Source
: CIA |
Full Company name: "
UNION " SH.P.K.
Address SRB-
38000 Vucitrn; St. Ajet Gërguri
Tel +381-28-570-710
E-mail: info@union-ks.com
IDN: 70035717
Tax No.: 600017356
Establishment: Constitution Date 05/04/2013 (D/M/Y)
Registration: With Serbian Business Registers Agency;
Reg. No.: 70035717
Management: Director Mr.
Xhabir Kajtzi
No negative information found.
Institutional capital: EUR 867.200,00
Shareholders: Mr. Xhabir Kajtazi
Mr. Natyre Kajtazi
Mode of payment Unknown
N/A
Turnover N/A
Assets/Liabilities N/A
N/a
Legal form: Limited liability
Company; IDN 70035717 Tax No.; 600017356
Establishment: Constitution
date 05 / 04 / 2013 (D/M/Y)
Application Filling Date 07 / 08 /
2003 (D/M/Y)
Registration: With
Serbian Business Registers Agency; Reg.
No.: 70035717
Activities:
NACE
5138 Wholesale of other food commodities,
5139 Non-specialized wholesale of food, beverages and tobacco,
5145 Wholesale of perfume and cosmetics,
5170 Other wholesale,
5211 Retail sale in non-specialized stores with food, beverages or
tobacco predominating,
5222 Retail sale of meat and meat products,
5225 Retail sale of alcoholic and other beverages,
5232 Retail sale of medical and orthopedic goods,
6024 Freight transport by road,
6312 Storage and warehousing,
7011 Development and selling of real estate,
7020 Letting of own property,
5146 Wholesale of pharmaceutical goods,
5233 Retail sale of cosmetic and toilet articles,
5115 Agents involved in the sale of furniture, household goods, hardware
and iron mongery,
5116 Agents involved in the sale of textiles, clothing, footwear and
leather goods,
5121 Wholesale of grain, seeds and animal feeds,
5132 Wholesale of meat and meat products,
5136 Wholesale of sugar and chocolate and sugar confectionery,
5137 Wholesale of coffee, tea, cocoa and spices,
5143 Wholesale of electrical household appliances and radio and
television goods,
5147 Wholesale of other household goods,
5164 Wholesale of office machinery and equipment
“….
Company profile
"UNION" is a company which brings to its customers with high
quality Brands in the field of food, hygiene, technique and creates various
services of warehousing, distribution and wholesale of products.
Our commitment has made these services in order to perform fast,
accurate and professional.
This trinomial has placed us in first place in the local market, gaining
the full trust of customers in Kosovo.
Focus on the quality of our company's services, companies and
organization in our local market knowledge, have made us to be separate from
others in Kosovo.
Quality and Efficiency
Its high quality is observed in the field of food, hygiene and
technique, and as a result has earned the trust of its customers in the country.
Efficiency and quality of work "UNION" has come as a result of her
experience over 20 years, and with the help of latest technology (PDA, GPS,
PPC). One of the main goals of our company is to bring products to customers
with the highest quality possible. Of course that in achieving this goal, the
main role play three different factors.
Firstly, greater commitment of workers, who aware of the importance of
customers to the Union, their best.
Secondly, the application of management systems with high quality and
advanced technological standards. And finally, what more important is the
experience of the company in this regard, which is over two decades.
FOCUS
Union team to bring the best to its customers in the country, has
developed a strategic plan, which is developed step by step carefully. This
plan basically contains market demands and customer needs. To be functional,
this strategic plan, we have examined the basic areas which include quality,
quality, service and social responsibility.
Of course the center of attention in all these areas is the client,
which by joining all these points of union management brings more quality
products, high quality and healthy.
Drawing on social responsibility and our willingness to complete, we as
a company have managed to fulfill these objectives, and seeing our customer
satisfaction is our products, continue further to keep this success and
responsibility over our shoulders….”
Employees: over of 30
Bankers: Banka Ekonomike
Sh A
Raiffeisen
banka AD
N/A
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.10 |
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1 |
Rs.97.32 |
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Euro |
1 |
Rs.77.91 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
TPT |
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.