MIRA INFORM REPORT
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Report No. : |
331160 |
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Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Nalbandyan Street 130, Kentron District, Yerevan 0025 |
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Country : |
Armenia |
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Year of Incorporation : |
1918 |
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Legal Form : |
Not Available |
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Line of Business : |
Subject is the Police of the Republic of Armenia (PRA)
answers directly to the Armenian government. |
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No. of Employees : |
100
(Administrative Staff) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Dram 700,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Armenia |
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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 |
ARMENIA - ECONOMIC OVERVIEW
Under the old Soviet central planning system, Armenia developed a modern industrial sector, supplying machine tools, textiles, and other manufactured goods to sister republics, in exchange for raw materials and energy. Armenia has since switched to small-scale agriculture and away from the large agroindustrial complexes of the Soviet era. Armenia has only two open trade borders - Iran and Georgia - because its borders with Azerbaijan and Turkey have been closed since 1991 and 1993, respectively, as a result of Armenia's ongoing conflict with Azerbaijan over the separatist Nagorno-Karabakh region. Armenia's geographic isolation, a narrow export base, and pervasive monopolies in important business sectors have made it particularly vulnerable to the sharp deterioration in the global economy and the economic downturn in Russia. Armenia is particularly dependent on Russian commercial and governmental support and most key Armenian infrastructure is Russian-owned and/or managed, especially in the energy sector, including electricity and natural gas. Remittances from expatriates working in Russia are equivalent to about 20% of GDP and partly offset the country's severe trade imbalance. Armenia joined Russia in the Eurasian Economic Union upon the bloc’s launch in January 2015, even though the ruble’s sharp depreciation in December 2014 led to currency instability, inflation, and significant decrease of export from Armenia to Russia. Armenia joined the WTO in January 2003. The government has made some improvements in tax and customs administration in recent years, but anti-corruption measures have been ineffective. Armenia will need to pursue additional economic reforms and to strengthen the rule of law in order to regain economic growth and improve economic competitiveness and employment opportunities, especially given its economic isolation from two of its nearest neighbors, Turkey and Azerbaijan.
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Source
: CIA |
Company
name and address
POLITSIYA RESPUBLIKI ARMENII (CORRECT)
POLICJA REPUBLIKI ARMENII (REQUESTED)
ADDRESS
Street : Nalbandyan Street 130
Area : Kentron District
Town :
Yerevan 0025
Country :
Armenia
Telephone : (374 10) 520 310 / 587 500 / 370 222
(Passport and Visa Department) / 370 228 (Mr. Salomon) / 561 876 (Grigoriy Martirasyan)
Fax :
(374 10) 520 310
E-Mail :
police-gnumner@rambler.ru
Website :
www.police.am
Shortform Name : PRA
English Translation : Police of the Republic of Armenia
SENIOR
COMPANY PERSONNEL
Name Position
1. Vladimir
Gasparyan Chief of Police
2. Hunan
Poghosyan First Deputy of Chief of Police
3. Levon
Yeranosyan Deputy of Chief of Police
4. Vardan
Eghiazaryan Deputy of Chief of Police
5. Mr.Salomon Financial Manager at Passport and Visa
Department
6. Grigoriy Martirasyan Legal
Advisor
Total Employees :
100 (administrative staff)
PAYMENTS
No complaints have
been heard regarding payments from local suppliers or banks.
Subject is the
national police within the government of Armenia.
We consider it is
acceptable to deal with subject for LARGE amounts, although it is normal
accepted practice for international suppliers to deal on secured terms with
Armenian importers.
Opinion on
maximum credit : DRAM
700,000,000 (higher amounts may be considered with
governmental guarantees)
Trade risk
assessment: Normal
PRINCIPAL BANKERS
NAME : RA FINANCE MINISTRY ADMINISTRATIVE
OPERATIONS DEPARTMENT
Branch : Melik-Adamyan Street 1
Town : Yerevan 0010
Telephone: (374
60) 700 103
Fax : (374 60) 700 358
Acc. No. :
900013150041
FINANCIAL INFORMATION
State owned
companies in Armenia 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.
Subject is funded by means of annual budget allocation.
Budget : DRAM 25,700,000,000 – 2012 –
exact
: DRAM 30,800,000,000 – 2013 – exact
: DRAM 34,000,000,000 – 2014 – exact
Financial year
ends 31 December.
LEGAL STATUS AND HISTORY
Date Started :
1918
History : The
subject was established in Armenia in 1918.
Tax No.: 01840082
Capital : not
applicable
Subject is a
national police within the Government of Armenia with the following officials :
1. Vladimir
Gasparyan
2. Hunan
Poghosyan
Subject’s structure comprises :
- One central body
– called the Central Apparatus (CA)
- 11 territorial
Police departments: one for the capital and ten in the provinces.
The PRA also has a
training centre and a police academy.
The CA is made up
of many police departments, some of which are listed below, and which each
co-ordinate their actions and operations across the country:
- Police
headquarters;
- Organized crime;
- Criminal
investigations;
- Investigations;
- Public order;
- Information
centre;
- Road inspection;
- Passports and
visas;
- State protection;
- Forensics and
Legal Affairs;
Interpol National
Central Bureau (NCB) of Armenia.
Interpol National
Central Bureau (NCB) for Armenia is divided into three divisions:
- International
searches and general crime (in charge of operations);
- Criminal
analysis and intelligence (drug trafficking, fraud, organized crime, terrorism,
corruption, counterfeiting, crimes against human beings, international
relations support and general reference sources);
-
Telecommunications and technical support.
Personal Profile
on Vladimir Gasparyan :
Vladimir Gasparyan
was born in the city of Tallinn, Estonian SSR, on September 9, 1958.
During 1976-1978,
he served in the USSR armed forces.
From 1982 to 1985
Vladimir Gasparyan was first a junior inspector of the operational
investigative group at the Criminal intelligence division of the Yerevan
Department of the Ministry of Internal Affairs, then – a militiaman of the SPS
militia regiment.
During 1985 - 1989
Vladimir Gasparyan studied at Volgograd High School of Investigations of the
USSR Ministry of Internal Affairs and was awarded a Graduate Diploma in
Jurisprudence.
From 1989 to 1992
he was an investigator of the Investigation division of the Leninyan Department
of Internal affairs.
From 1992 to 1992
Vladimir Gasparyan was an assistant to the Minister of Internal affairs of the
Republic of Armenia for special assignments, Head of the Kotayk and Abovyan
Department of Internal Affairs.
From 1992 to 1993
he was the acting Deputy Minister of Internal Affairs of the Republic of
Armenia.
From 1993 to 1995
he was the Head of the Sevan, Etchmiadzin and Armavir Territorial Departments
of Internal Affairs respectively.
In 1995 Vladimir
Gasparyan was removed from the Ministry of Internal Affairs and transferred to
another position.
From 1995 to 1997
he was the first deputy Military Prosecutor of the Republic of Armenia, later –
the acting military Prosecutor of the Republic of Armenia.
From 1997 to 2010
Vladimir Gasparyan occupied the position of the Head of the Military Police of
the RA Ministry of Defence.
Pursuant to a
Presidential decree issued on August 16, 2011, Vladimir Gasparyan was conferred
the rank of Major General.
From 2010 to 2011
he was the RA Deputy Minister of Defense.
Pursuant to a
Presidential decree issued on September 3, 2011, Vladimir Gasparyan was
conferred the rank of Lieutenant General.
Vladimir Gasparyan
was appointed as the Head of Police of the Republic of Armenia in accordance
with a Presidential decree issued on November 1, 2011.
During 1992-1995
he was a spokesperson of the Supreme Council of the Republic of Armenia.
Awards
Pursuant to
decrees of the President of the Republic of Armenia Vladimir Gasparyan was
conferred:
- 1998, «Medal of
Courage»,
- 2006, «Service
to the Motherland» 2nd grade Medal,
- 2009, order of
«Vardan Mamikonyan»,
- 2000, the RA
National Assembly Certificate.
Pursuant to orders
of the Defense Мinister of the Republic of Armenia Vladimir Gasparyan was
conferred:
- 1997, a commemorative
medal of the «H. Baghramyan’s 100th anniversary»,
- 2002, «Drastamat
Kanayan» medal,
- 2003, «Vazgen
Sargsyan» medal,
- 2006, 1st grade
medal «For impeccable services» ,
- 2009, «Garegin
Nzhdeh» medal,
- 2010, 2nd grade
medal «For impeccable services»,
- «Andranik
Ozanyan» medal,
- 2012, Jubilee
medal «RA Armed forces: 20 Years».
Vladimir Gasparyan
has been granted a number of medals and other rewards by Social organizations.
He is married and
has 4 children and 6 grandchildren.
Personal Profile
on Hunan Poghosyan :
Hunan Poghosyan
was born on May 30, 1964 in the city of Yerevan. He graduated from Yerevan
State University with a degree in Law.
Hunan Poghosyan
served in the USSR armed forces.
During 1991-1993
he worked first as an inspector, police detective in the Inspectorate for
Juvenile Proceedings, and then as a senior police detective in Criminal
investigation unit at the Shahumyan Internal Affairs Division, in 1993-1995 he
was the Head of the Criminal Investigation Department at Mashtots Internal
Affairs Division, from 1995 to 1996 he was the Deputy Head of the Criminal
Investigation Department, from 1996 to 1999 Hunan Poghosyan was the Head of the
Criminal Investigation Department, from 1999 to 1999 he was the Head of
Mashtots Internal Affairs Division, from 1999 to 2000 he was the Head of the
Central Internal Affairs Division, in 2000-2001 Hunan Poghosyan was the Head of
Arabkir Internal Affairs Division, from 2001-2004 he was the Deputy Head of
operations at the Internal Affairs Department of Yerevan city, from 2004 to
2008 he was the Head of Ararat Regional Department of the RA Police, from
2008-2010 he was the Head of the General Department of combating organized crime of the RA Police.
In 2010 he was assigned the First Deputy Head of the RA Police. In 2010 he obtained the rank of the Police
Major-General.
By the Decrees of
the President of the RA he was awarded: in 1998 the Order for Valor, in 2006
was awarded a medal for Excellent Maintenance of Public Order, and in 2006 by
the Decree of the President of
Nagorno-Karabakh Republic he was awarded a medal for Active Service.
In 2011 by the
decree of the President of the RA he was awarded a 1-st class medal for
“Distinguished Service to Fatherland”, in 2012 he was awarded a Service Medal
by the Prime-Minister of the RA.
He was also
awarded various departmental medals of the RA Police, RA Ministry of Defense,
National Security Service, and Ministry of Internal Affairs of the Russian
Federation.
He was awarded a
Weapon of Honor by the Head of the RA Police.
Pursuant to an
Presidential decree issued on April 15, 2014, Hunan Poghosyan was conferred the
rank of «Police Lieutenant General».
Married with a
daughter and two sons.
Affiliated
companies of the Subject:
Subsidiaries
1. Polyclinic of
Police of the Republic of Armenia
Abovyan Street 54
Yerevan 0025
Telephone: (374 10) 596 520
Managing Director: David Karapetyan
2. Cultural Center
of Police of the Republic Of Armenia
Nalbandyan Street 130
Kentron District
Yerevan 0025
Telephone: (374 10) 564 147
3. Hospital of
Medical Department of Police of Armenia
Nver Safaryan Street 14
Yerevan 0060
Telephone: (374 10) 621 880
ACTIVITIES
The Company is
involved in the following activities :
Subject is the
Police of the Republic of Armenia (PRA) answers directly to the Armenian
government.
Mission:
- To protect
people, their rights, freedom and legal interests;
- To protect
public and state interests;
- To detect,
prevent and investigate crime;
- To ensure law
and order and public security;
- To protect all
forms of property;
- To implement the
national passports and visas regime;
- To respond to
emergency situations.
NACE Code: 8424
Details of subject’s
imports and exports could not be learnt.
FACILITIES
The Company has
the following facilities :
Owned premises
comprising administrative offices located at the heading address as well as 11
regional Police departments located throughout Armenia.
REGISTERED OFFICE
Nalbandyan Street
130
Kentron District
Yerevan 0025
SPECIAL NOTE
You enquired on: POLICJA
REPUBLIKI ARMENII. Please note that the correct name
is as per heading.
Interviewed:
Grigoriy Martirasyan (Legal Advisor).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.49 |
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UK Pound |
1 |
Rs.99.43 |
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Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
VNT |
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.