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Report No. : |
304910 |
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Report Date : |
09.02.2015 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
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Country : |
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Date of Incorporation : |
12.08.2014 |
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Com. Reg. No.: |
L47012003V |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Importer
of Marble Blocks, Stones and Tiles. |
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No. of Employee : |
4 |
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.
ECGC Country Risk Classification List – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Albania |
B2 |
B2 |
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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 |
ALBANIA ECONOMIC OVERVIEW
Albania, a formerly closed, centrally-planned state, is making the difficult transition to a more modern open-market economy. Albania managed to weather the first waves of the global financial crisis but, more recently, its negative effects have put some pressure on the Albanian economy. While the government is focused on establishing a favorable business climate through the simplification of licensing requirements and tax codes, it entered into a new arrangement with the IMF for additional financial and technical support. Remittances, a significant catalyst for economic growth declined from 12-15% of GDP before the 2008 financial crisis to 7% of GDP in 2012, mostly from Albanians residing in Greece and Italy. The agricultural sector, which accounts for almost half of employment but only about one-fifth of GDP, is limited primarily to small family operations and subsistence farming, because of a lack of modern equipment, unclear property rights, and the prevalence of small, inefficient plots of land. Complex tax codes and licensing requirements, a weak judicial system, poor enforcement of contracts and property issues, and antiquated infrastructure contribute to Albania's poor business environment and makes attracting foreign investment more difficult. Inward FDI is among the lowest in the region, but the government has embarked on an ambitious program to improve the business climate through fiscal and legislative reforms. Albania’s energy supply has improved in recent years mostly due to upgraded transmission capacities that Albania has developed with its neighboring countries. However, technical and non-technical losses - including energy theft and non-payment - continue to be a threat to the financial viability of the entire system. Also, with help from international donors, the government is taking steps to improve the poor national road and rail network, a long-standing barrier to sustained economic growth. The country will continue to face challenges from increasing public debt, having exceeded its former statutory limit of 60% of GDP in 2013. Strong trade, remittance, and banking sector ties with Greece and Italy make Albania vulnerable to spillover effects of debt crises and weak growth in the euro zone.
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Source
: CIA |
BENI STONE SHPK
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Address |
Shkoder Bushat
Shkoder Zona Kadastrale 1329
Albania |
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Postal Address |
- |
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Telephone |
+355 692068080 |
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Fax |
+355 692068080 |
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Email |
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Website |
- |
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Other Information |
- |
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Date of Registration |
12/08/2014 |
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Registration number |
L47012003V |
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Legal address |
Shkoder Bushat
Shkoder Zona Kadastrale 1329 Albania |
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Legal Form |
Limited Liability
Company |
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Authorized Capital |
100,000 ALL |
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Other Registration Data |
- |
Board/Executive
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Name |
Mr. ArbenShimaj |
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Position within the company |
General Director |
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Country of Birth |
Albania |
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Nationality |
Albanian |
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Can fluently speak |
English |
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Name |
Mr. UranikMece |
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Position within the company |
Director |
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Country of Birth |
Albani |
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Nationality |
Albanian |
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Can fluently speak |
English |
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Name |
Mrs. Sofia Hoxha |
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Position within the company |
Manager |
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Country of Birth |
Albani |
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Nationality |
Albanian |
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Can fluently speak |
English |
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Litigation
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Litigation |
None Recorded |
Shareholders with Shares
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Shareholder Names |
Share% |
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Mr. ArbenShimaj |
100% |
Export/Import (Countries, goods and total values for the period)
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Imports From |
UK, Italy |
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Importing Terms |
Letters of Credit |
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Import % and type of product |
100%- Finished Goods |
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Exports To |
- |
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Exporting Terms |
- |
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Export % and type of product |
- |
Remarks on Payment
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Remarks on Payment |
No Complaints |
Subsidiaries and
Participation
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Parent Company |
- |
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Subsidiaries |
- |
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Affiliates |
- |
Branches
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Offices Abroad |
- |
Financial Information
It declined it.
Na
Changes in Registration
Data
None recorded
Activities (realistic
and officials)
Importer
of marble blocks, stones and tiles.
Staff
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Number of staff
employed |
4 |
Facilities
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Rented |
Office |
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Premises Size |
- |
Bankers
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Bank |
National Bank of
Albania |
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Branch |
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Address |
- |
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Telephone |
- |
Suppliers, Partners
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Partners |
- |
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Competitive |
- |
Representation
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Auditors |
- |
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Solicitors |
- |
Reporter Comments
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Comments Date |
06/02/2015 |
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Comments |
Following to the interview with Mrs. Sofia Hoxha ( Manager), she
confirmed it. |
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Local Reputation |
The company being investigated is believed by local reporters to be a High Trade Risk and to be secured. |
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Owner/Shareholders Comments |
All or most of the owners / shareholders have an active participation in
the running of the business. |
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Age of Business |
Old Business |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.74 |
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|
1 |
Rs.94.65 |
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Euro |
1 |
Rs.70.79 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ANK |
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 |
-- |
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.