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Report No. : |
315833 |
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Report Date : |
10.04.2015 |
IDENTIFICATION DETAILS
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Name : |
ABC PHARMACIA LTD |
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Registered Office : |
Sanapiro Street 10/A, Old Tbilisi, Tbilisi
0108 |
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Country : |
Georgia |
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Date of Incorporation : |
21.04.1999 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as Importers, Wholesalers and
Retailers of Pharmaceuticals. |
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No. of Employees : |
1,200 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
LARI 4,500,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Georgia |
B2 |
C1 |
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Risk Category |
ECGC
Classification |
|
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 |
GEORGIA - ECONOMIC OVERVIEW
Georgia's main economic
activities include cultivation of agricultural products such as grapes, citrus fruits,
and hazelnuts; mining of manganese, copper, and gold; and producing alcoholic
and nonalcoholic beverages, metals, machinery, and chemicals in small-scale
industries. The country imports nearly all its needed supplies of natural gas
and oil products. It has sizeable hydropower capacity that now provides most of
its energy needs. Georgia has overcome the chronic energy shortages and gas
supply interruptions of the past by renovating hydropower plants and by
increasingly relying on natural gas imports from Azerbaijan instead of from
Russia. Construction of the Baku-T'bilisi-Ceyhan oil pipeline, the South
Caucasus gas pipeline, and the Kars-Akhalkalaki Railroad are part of a strategy
to capitalize on Georgia's strategic location between Europe and Asia and
develop its role as a transit point for gas, oil, and other goods. The
expansion of the South Caucasus pipeline, as part of the Shah Deniz II Southern
Gas Corridor project, will result in a $2 billion foreign investment in
Georgia, the largest ever in the country. Gas from Shah Deniz II is expected to
begin flowing in 2019. Georgia's economy sustained GDP growth of more than 10%
in 2006-07, based on strong inflows of foreign investment and robust government
spending. However, GDP growth slowed following the August 2008 conflict with
Russia, and sunk to negative 4% in 2009 as foreign direct investment and
workers' remittances declined in the wake of the global financial crisis. The
economy rebounded in 2010-13, but FDI inflows, the engine of Georgian economic
growth prior to the 2008 conflict, have not recovered fully. Unemployment has
also remained high. Georgia has historically suffered from a chronic failure to
collect tax revenues; however, since 2004 the government has simplified the tax
code, improved tax administration, increased tax enforcement, and cracked down
on petty corruption, leading to higher revenues. The country is pinning its
hopes for renewed growth on a determined effort to continue to liberalize the
economy by reducing regulation, taxes, and corruption in order to attract
foreign investment, with a focus on hydropower, agriculture, tourism, and
textiles production. The government has received high marks from the World Bank
for its anti-corruption efforts. Over the past year the Georgian Dream-led
government continued the previous administration's low-regulation, low-tax,
free market policies, while modestly increasing social spending, strengthening
anti-trust policy, and amending the labor code to comply with International
Labor Standards. The government is finalizing its 2020 Economic Development
Strategy and has launched the Georgia Co-Investment Fund, a $6 billion private
equity fund that will invest in tourism, agriculture, logistics, energy,
infrastructure, and manufacturing.
|
Source
: CIA |
CO. NAME : EI-BI-SI
PARMATSIA SHPS (CORRECT)
ABC PHARMACIA LTD (REQUESTED)
Street : Sanapiro Street 10 A
Area : Old Tbilisi
Town : Tbilisi 0108
Country : Georgia
Telephone : (995
32) 291 1900 / 240 0004 (Call Center)
Fax : (995 32) 291 1900
E-Mail : abc@abc-pharm.com
/ a.tevzadze@abc-pharm.com / e.beridze@abc-pharm.com
Website : www.abc-pharm.com
Trading Style : A-B-C
Pharmacia / Pharmadepot
Extended Name : Ei-Bi-Si Parmatsia Shazguduli Pasukhismbgeblobis Sazagadoeba
English
Translation : Abc Pharmacia Ltd
Name Position
1. Enriko Beridze Managing Director
2. Mikheil
Abramidze Director
3. Andro Tavzadze Import Manager
Total Employees : 1,200
No complaints have been heard regarding payments from local suppliers or
banks.
We consider it is acceptable to deal with subject for LARGE amounts,
although it is normal accepted practice for international suppliers to deal on
secured terms with Georgian importers.
Opinion on maximum credit : LARI 4,500,000
Trade risk assessment: Normal
NAME : TBC BANK JSC
Branch : Marjanishvili Street 7
Town : Tbilisi 0102
Telephone: (995 32) 227 2727
Fax : (995 32) 277 2774
Private companies in Georgia are not required to publish or disclose balance
sheets. However, the subject interviewed offered
the following information :
Sales Turnover : US DLRS
100,000,000 - 2014 – approx
Net Profit : not given but stated to be profitable
Financial year ends 31 December.
Date Started : 21 April 1999
History : The subject company was established in Georgia on 21 April
1999.
C.R. No. : 5/4-1998
ID Code : 204927767
Capital : not given
Shazguduli Pasukhismbgeblobis
Sazagadoeba (limited liability company) ShPS) with the following directors and
shareholders :
Directors
1. Enriko Beridze
(Georgian national /
Personal No.: 61008000106)
2. Mikheil
Abramidze
(Georgian national /
Personal No.: 01002008161)
Shareholders Percentage
1. Enriko
Beridze
81.60%
(Georgian national /
Personal No.: 61008000106)
2. Mikheil
Abramidze
14.40%
(Georgian national /
Personal No.: 01002008161)
3. Teona Jojua
1%
(Georgian national / Personal
No.: 19001037328)
3. Mamuka Cheishvili 1%
(Georgian national / Personal
No.: 01002000142)
4. Mamuka
Narchemashvili
1%
(Georgian national / Personal
No.: 60001006058)
5. Daviti Sulaberidze 1%
(Georgian national / Personal No.:
01021001510)
Affiliated companies of the subject company :
Associates
1. Techno Pharm Ltd
Tbilisi
2. Gamomtsemloba Shemokmedi Angelozi ShPS
VII m/r 26, Flat 43
Rustavi
Managing Director: Maia Beridze
Est.: 19 October 2012
ID Code: 404961056
Shareholders:
- Maia Beridze - 50%
- Enriko Beridze - 50%
3. Iberian
Pontomarin Akuakalche ShPS
Abashidzi Street 56, Flat
21
Batumi
Managing Director:
Est.: 6 December 2005
C.R. No. : 191/081
ID Code: 245545496
Shareholders:
- Enriko Beridze - 40%
- Roin Diasamidze - 30%
- Tamaz Beridze - 30%
The Company is involved in the following activities :
Trading as importers, wholesalers and retailers of pharmaceuticals.
NACE Code: 4646
Imports from Europe.
Subject does not export, all sales are domestic.
The Company has the following facilities :
Administrative offices located at the heading address as well as 100
pharmacies located throughout Georgia (see 'Branch Offices' below).
Sanapiro Street 10/A
Old Tbilisi
Tbilisi 0108
1. ABC Pharmacia warehouse
Peikarta Street 12
Gldani-Nadzaladevi District
Tbilisi 0141
Telephone: (995 32) 255 5900
Fax : (995 32) 255 5900
Email: warehouse@abc-pharm.com
2. Pharmadepot-Information Service
Sanapiro Street (Right
Embankment) 10A
Old Tbilisi
Tbilisi 0105
Telephone: (995 32) 240 0004
Email: info@pharmadepot.ge
3. Pharmadepot
Tamar Mepe Avenue 29
Didube-Chugureti District
Tbilisi 0112
Email: depo7@pharmadepot.ge
4. Pharmadepot
Vazha-Pshavela Avenue 6
Vake-Saburtalo District
Tbilisi 0160
Email: depo5@pharmadepot.ge
5. Pharmadepot
Vazha-Pshavela Avenue 65
Vake-Saburtalo 0186
Tbilisi
Email: depo19@pharmadepot.ge
6. Pharmadepot
P. Kavtaradze Street 1
Vake-Saburtalo District
Tbilisi 0180
Email: depo37@pharmadepot.ge
7. Pharmadepot
I. Abashidze Street 41
Vake-Saburtalo District
Tbilisi 0179
Email: depo12@pharmadepot.ge
8. Pharmadepot
Paliashvili Street 33a
Vake-Saburtalo District
Tbilisi 0179
Email: depo24@pharmadepot.ge
9. Pharmadepot
Digomi mass., 4 Bldg and 5 Bldg
Didube-Chugureti District
Tbilisi 0131
Email: depo14@pharmadepot.ge
10.Pharmadepot
Parnavaz Mepe Avenue 1
Vake-Saburtalo District
Tbilisi 0131
Email: depo15@pharmadepot.ge
11.Pharmadepot
Metro Station Akhmeteli Area
Gldani-Nadzaladevi District
Tbilisi 0167
Email: depo11@pharmadepot.ge
12.Pharmadepot
Metro Station Akhmeteli Area
Gldani-Nadzaladevi District
Tbilisi 0167
Email: depo39@pharmadepot.ge
13.Pharmadepot
Mukhiani settlement III m/d, 1
Gldani-Nadzaladevi District
Tbilisi 0172
Email: depo33@pharmadepot.ge
14.Pharmadepot
Javakheti Street 18
Isani-Samgori District
Tbilisi 0182
Email: depo2@pharmadepot.ge
15.Pharmadepot
Tsulukidze Street 11
Isani-Samgori District
Tbilisi 0190
Email: depo4@pharmadepot.ge
14.Pharmadepot
Metro Station Isani Area
Isani-Samgori
Tbilisi 0103
Email: depo36@pharmadepot.ge
15.Pharmadepot
Zghvis Ubani (Temka) III m/d,
II Q., 34 Bldg
Gldani-Nadzaladevi District
Tbilisi 0197
Email: depo32@pharmadepot.ge
16.Pharmadepot
Guramishvili Ave. 36
Gldani-Nadzaladevi District
Tbilisi 0141
Email: depo20@pharmadepot.ge
17.Pharmadepot
A. Tsereteli Ave. 110,Bldg 11
Didube-Chugureti District
Tbilisi 0119
Email: depo29@pharmadepot.ge
18.Pharmadepot
Chubinashvili Street 9/4
Didube-Chugureti District
Tbilisi 0102
Email: depo34@pharmadepot.ge
19.Pharmadepot
Ts. Dadiani Str. 144
Didube-Chugureti District
Tbilisi 0180
Email: depo25@pharmadepot.ge
20.Pharmadepot
Tsinandali Str.9
Isani-Samgori
Tbilisi 0144
Email: depo10@pharmadepot.ge
You enquired on: ABC PHARMACIA LTD. Please note that the correct name is
as per heading.
Interviewed: Andro Tavzadze (Import Manager).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.26 |
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|
1 |
Rs.92.49 |
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Euro |
1 |
Rs.66.99 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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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.