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Report No. : |
330120 |
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Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
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Name : |
BK INVESTI SHPS |
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Registered Office : |
Toidzi Street 52, Dzveli District
Tbilisi |
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Country : |
Georgia |
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Date of Incorporation : |
20.08.2008 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
General Trading Company [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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 |
In absence of financials, no credit limit could be recommended.
CO. NAME : BK
INVESTI SHPS (CORRECT)
Street : Toidzi Street
52
Area : Dzveli District
Town : Tbilisi
Country : Georgia
Mobile : (995 574) 130 590
(unobtainable)
E-Mail : geobkinvest@gmail.com /
beka68@yandex.ru
Extended Name : BK Investi Shazguduli Pasukhismbgeblobis Sazagadoeba
English
Translation : BK Invest Ltd
Name Position
1. Vladimir Sukurenko Director
2. Besik Katsitadze Director
Current trade experience of payments has not been traced.
Our sources could not contact the subject and obtain a direct interview.
According to our subject‘s mobile number is as follows: (995 574) 130 590. This
number is continuously unobtainable (out of service). Several messages have
been sent to the above email addresses requesting a contact, however no reply
have been received. No other telephone numbers are listed for the subject in
the local telephone directory.
Information in this report was obtained from the third party sources.
Opinion on maximum credit : In view of the
above we have insufficient basis on which to speak for unsecured credit and
recommend dealing on fully secured terms for all transactions pending fuller
knowledge.
Trade risk assessment : No classification (see above comments)
It is normal accepted practice for international suppliers to deal on
secured terms with Uzbekistani importers.
Details of subject
s bankers could not be learnt.
Balance sheets are not available. Financial information could not be
obtained from other sources.
Date Started : 20 August 2008
History : The subject company was established in Georgia on 20 August
2008.
ID Code : 204559316
Capital : not given
Shazguduli
Pasukhismbgeblobis Sazagadoeba (limited liability company) ShPS) with the
following directors and shareholders :
1. Vladimir Sukurenko
(Ukrainian national / Personal No.: EA289043,
3065200817)
2. Besik Katsitadze
(Georgian national / Personal No.:
01027001026)
Shareholders Percentage
1. Vladimir Sukurenko 50%
(Ukrainian national / Personal No.: EA289043,
3065200817)
2. Besik Katsitadze 50%
(Georgian national / Personal No.:
01027001026)
Affiliated companies of the subject company :
Associates
1. Gambi ShPS
Ak. Tseretli Street 142
Didube-Chughureti District
Tbilisi
Managing Director: Besik
Katsitadze
Est.: 27 April 2005
C.R. No.: 2/4-4487
ID Code: 202263059
Shareholders:
- Besik Katsitadze 50%
- Maia Kurtsadze 25%
- Malkhaz
Velijanashvili 25%
2. GT Treidi ShPS
D. Aghmashenebli Street
164
Dzveli District
Tbilisi
Managing Director: Olegi
Kvelidze / Besik Katsitadze
Est.: 13 May 2004
C.R. No. : 2/4-3886
ID Code: 202230022
Sole Shareholder: Besik
Katsitadze
3. Crudex Bonny ShPS
M.Toidzi Street 52
Dzveli District
Tbilisi
Managing Director: Omar
Sakandelidze
Est.: 24 June 2013
ID Code: 404450303
Shareholders:
- Omar
Sakandelidze 80%
- Besik
Katsitadze 20%
The Company is involved in the following activities:
Registered activity: General trading company.
NACE Code: 4690
The Company has the following facilities :
Registered offices located at the heading address.
Toidzi Street 52
Dzveli District
Tbilisi
You enquired on: BK INVEST 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.
The address given by you: UL STR LERMONTOV 25/17, 0190 TBILISI could not
be verified. Please
note that subject's registered office address is as per heading.
Interviewed: Third Party Sources.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.38 |
|
|
1 |
Rs.97.65 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
|
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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 |
|
|
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 |
|
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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 |
-- |
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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.