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Report No. : |
318344 |
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Report Date : |
23.04.2015 |
IDENTIFICATION DETAILS
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Name : |
ORION TRADING LTD |
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Registered Office : |
Sh. Nutsubidzis Perd. IV Microdistrict,
Building 10B, Flat 42 Vake-Saburtalo District Tbilisi |
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Country : |
Georgia |
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Date of Incorporation : |
30.03.2015 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject Provides Multifunctional Consulting
Services in the Field of Business and Management. |
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No. of Employees : |
23 |
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 Business |
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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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Georgia |
B2 |
C1 |
|
Risk Category |
ECGC
Classification |
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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 of 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. Since 2012, the Georgian Dream-led government has
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 published its 2020 Economic Development Strategy in
early 2014 and former Prime Minister Bidzina IVANISHVILI launched the Georgian
Co-Investment Fund, a $6 billion private equity fund that will invest in
tourism, agriculture, logistics, energy, infrastructure, and manufacturing. In
mid-2014, Georgia signed an association agreement with the European Union,
paving the way to free trade and visa-free travel.
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Source
: CIA |
CO. NAME : ORION TREIDINGI SHPS (CORRECT)
Street :
Nikoladze Street 5
Town :
Tbilisi 0179
Country :
Georgia
Mobile :
(995 706) 777 036
E-Mail : office@oriontrading.org
Website : www.oriontrading.org
Extended
Name : Orion Treidingi Shazguduli Pasukhismbgeblobis Sazagadoeba
English
Translation : Orion
Trading Ltd
Name Position
1. Olga Melnik Managing Director
2. Mrs. Tina Office
Manager
Total Employees : 23
No trade experience of payments is available.
Subject is a newly established company incorporated
on 30 March 2015.
Opinion on maximum credit : As the subject has
recently been established and has no financial or payment
track record, we recommend dealing on fully secured terms.
Trade risk assessment : High
It is normal accepted practice for international
suppliers to deal on secured terms with Georgian importers.
PRINCIPAL BANKER
NAME : BANK REPUBLIC JSC
Branch : Gr. Abashidze Street 2
Town : Tbilisi 0179
Telephone:
(995 32) 292 5555
Fax : (995 32) 292 5544
As the Subject has only recently started
operations, relevant financial information is not available.
Date Started : 30 March 2015
History : The subject company was established in
Georgia on 30 March 2015, however its origins can be traced back to 2008.
ID Code : 405094507
Capital : not given
Shazguduli
Pasukhismbgeblobis Sazagadoeba (limited liability company) ShPS) with the
following director and sole shareholder:
Director
Olga Melnik
(Ukrainian
national / Personal No.: HA110584)
Shareholder Percentage
Olga Melnik 100%
(Ukrainian
national / Personal No.: HA110584)
The Company is involved in the following activities
:
Subject provides multifunctional consulting
services in the field of business and management.
NACE Code: 7022
Subject neither imports nor exports any products
(requirements) at present time.
The Company has the following facilities :
Administrative offices located at the heading
address as well as branch office located elsewhere in Ukraine (see 'Branch
Offices' below).
Sh.Nutsubidzis Perd. IV Microdistrict, Building
10B, Flat 42
Vake-Saburtalo District
Tbilisi
Naberezhnaya Street 26
Kiev 02132
Ukraine
You enquired on: Orion Trading Ltd. Please note that this name applies to an English translation of the
subject’s name. Subject’s correct registered name is as per heading.
Interviewed:
Mrs. Tina (Office Manager).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.62.82 |
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|
1 |
Rs.93.85 |
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Euro |
1 |
Rs.67.59 |
INFORMATION DETAILS
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Analysis Done by
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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.