|
Report No. : |
304910 |
|
Report Date : |
18.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
BENI STONE SHPK |
|
|
|
|
Registered Office : |
Shkoder Bushat
Shkoder Zona, Kadastrale 1329 |
|
|
|
|
Country : |
Albania |
|
|
|
|
Date of Incorporation : |
12.08.2014 |
|
|
|
|
Com. Reg. No.: |
L47012003V |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Importer of Marble
Blocks, Stones and Tiles. |
|
|
|
|
No. of Employees : |
4 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
-- |
NB |
New Business |
-- |
|
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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) |
|
Albania |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source
: CIA |
Company Name: Beni Stone Shpk
Also Known as: -
Company acronym: -
Contact Information
|
Address |
Shkoder Bushat Shkoder Zona Kadastrale 1329 Albania |
|
Postal Address |
- |
|
Telephone |
+355 692068080 |
|
Fax |
+355 692068080 |
|
Email |
|
|
Website |
- |
|
Other Information |
- |
Registration Data
|
Date of Registration |
12/08/2014 |
|
Registration number |
L47012003V |
|
Legal address |
Shkoder Bushat Shkoder Zona Kadastrale 1329 Albania |
|
Legal Form |
Limited Liability Company |
|
Authorized Capital |
100,000 ALL |
|
Other Registration
Data |
- |
Board/Executive
|
Name |
Mr. ArbenShimaj |
|
Position within the company |
General Director |
|
Country of Birth |
Albania |
|
Nationality |
Albanian |
|
Can fluently speak |
English |
|
Name |
Mr. UranikMece |
|
Position within the company |
Director |
|
Country of Birth |
Albani |
|
Nationality |
Albanian |
|
Can fluently speak |
English |
|
Name |
Mrs. Sofia Hoxha |
|
Position within the company |
Manager |
|
Country of Birth |
Albani |
|
Nationality |
Albanian |
|
Can fluently speak |
English |
Litigation, Remarks on Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Shareholders with Shares
|
Shareholder Names |
Share% |
|
Mr. ArbenShimaj |
100% |
Export/Import (Countries, goods and total values for
the period)
|
Imports From |
UK,
Italy |
|
Importing Terms |
Letters of Credit |
|
Import % and type of product |
100%- Finished Goods |
|
Exports To |
- |
|
Exporting Terms |
- |
|
Export % and type of product |
- |
Suppliers, Partners
|
Partners |
- |
|
Competitive |
- |
Subsidiaries and Participation
|
Parent Company |
- |
|
Subsidiaries |
- |
|
Affiliates |
- |
Financial Information
It declined it.
N/A
Changes in Registration Data
None recorded
Activities (Realistic and Officials)
Importer of marble blocks,
stones and tiles.
Staff
|
Number of staff employed |
4 |
Facilities
|
Rented |
Office |
|
Premises Size |
- |
Branches
|
Offices Abroad |
- |
Bankers
|
Bank |
National Bank of Albania |
|
Branch |
|
|
Address |
- |
|
Telephone |
- |
Representation
|
Auditors |
- |
|
Solicitors |
- |
Reporter Comments
|
Comments |
Following to the
interview with Mrs. Sofia Hoxha ( Manager), she confirmed it. |
|
Local Reputation |
The company being investigated is
believed by local reporters to be a High Trade Risk and to be
secured. |
|
Owner/Shareholders Comments |
All or most of the owners / shareholders have an active participation in
the running of the business. |
|
Age of Business |
Old Business |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.95.99 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
|
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 |
|
|
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 |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
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.