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Report No. : |
354826 |
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Report Date : |
19.12.2015 |
IDENTIFICATION DETAILS
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Name : |
ANTA SHPS |
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Registered Office : |
Kekelidzi Street 17,
Block 2, Flat No. 21, Vaki District, Tbilisi
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Country : |
Georgia |
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Date of Incorporation : |
13.03.2010 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as Importers,
Wholesalers, Retailers and Distributors of Coffee, Tea and Chocolates. |
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No. of Employees : |
17 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
LARI 10,000 |
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Status : |
Moderate |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Georgia |
C1 |
C1 |
|
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 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.
|
Source
: CIA |
CO. NAME : ANTA
SHPS (CORRECT)
ANTA SH P S (WERSJA ANG
ANTA LTD) (REQUESTED)
Street : Tsereteli Avenue 117
Area : Didube District
Town :
Tbilisi 0119
Country : Georgia
Telephone: (995 32) 235
1370 / 223 3049 / Mobile (995 599) 777 550 / (995 577) 273 000
Fax : (995 32) 223 3049
E-Mail : antageorgia@gmail.com
Extended Name : Anta
Shazguduli Pasukhismbgeblobis Sazagadoeba
English Translation : Anta LLC
Name
Position
Lia Tsintsadze Managing Director
Total Employees : 17
Unknown
We consider it is acceptable
to deal with subject for SMALL amounts, however in view of the lack of
financial information we recommend international suppliers exercise a degree of
caution.
Opinion on maximum credit :
LARI 10,000 (higher amounts may be considered with full fiscal disclosure)
Trade risk assessment:
Normal
It is normal accepted
practice for international suppliers to deal on secured terms with Georgian
importers.
NAME : BANK OF GEORGIA JSC
Branch : Gagarin Street 29A
Town :
Tbilisi 0105
Telephone: (995 32) 244
4256
Fax : (995 32) 244 4289
Private companies in
Georgia are not required to publish or disclose balance sheets. Balance sheets are
not available from other sources, and the subject interviewed declined to give
any financial information, which the company regards as strictly confidential.
The following financial
information is the latest available on the subject in our file :
Sales Turnover : LARI
185,000 - 2012 - exact
: LARI 210,000 - 2013 - projected
Net Profit : LARI
17,000 - 2012 - exact
Financial year ends 31
December.
Date Started : 13 March
2010
History : Subject was
established in Georgia on 13 March 2010.
ID Code : 404856633
Authorised Capital : LARI
200
Paid-Up Capital : LARI 200
Shazguduli
Pasukhismbgeblobis Sazagadoeba (Limited Liability Company) with the following sole
shareholder :
Lia Tsintsadze 100%
(Georgian national /
Personal No.: 01030004353)
Affiliated company of Anta
ShPS:
Associate
Anta+ ShPS
Vazha-Pshavela Avenue
11/210
Vake-Saburtalo District
Tbilisi
Est. : 30 April 2012
ID Code : 404942951
Shareholders:
- Lia Tsintsadze 50%
- Nino Aladashvili 50%
The Company is involved in
the following activities :
Trading as importers,
wholesalers, retailers and distributors of coffee, tea and chocolates.
Distributors for : MOKATE
NACE Code : 4637
Imports from Poland.
Subject does not export,
all sales are domestic.
The Company has the
following facilities :
Rented premises comprising administrative
offices and storage facilities located at the heading address as well as one
branch offices located elsewhere in Gori.
Kekelidzi Street 17, Block
2, Flat No. 21
Vaki District
Tbilisi
You enquired on : “ANTA SH P S (WERSJA ANG ANTA LTD)”. Please note that
the correct name is as per heading.
The address which you
provided : “KEKELIDZE 17” is misspelt and applies to subject's registered
office address. Please note that subject's administrative office address is as
per heading.
Interviewed : Lia
Tsintsadze (Managing Director).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
|
GL |
1 |
Rs.27.78 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
HEE |
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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.