|
Report No. : |
326288 |
|
Report Date : |
15.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
STATUS GRUPI SHPS |
|
|
|
|
Registered Office : |
Vazha-Pshavelas Avenue 51, Corpus 4, Flat
86, Vake-Saburtalo District,
Tbilisi |
|
|
|
|
Country : |
Georgia |
|
|
|
|
Date of Incorporation : |
24.03.2014 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Operators of a
Travel Agency and Learning Center. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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) |
|
Georgia |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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 |
STATUS
GRUPI SHPS (Correct)
STATUS GROUP (Requested)
Street : Vazha-Pshavelas
Avenue 51, Corpus 4, Flat 86
Area : Vake-Saburtalo District
Town : Tbilisi
Country :
Georgia
Mobile : (995 557) 000 531 (Svitlana Maiboroda) /
(995 558) 668 787
E-Mail
: info@status-group.com / svetamay2000@gmail.com
Website
: www.status-group.co
Extended Name
: Status Grupi Shazguduli
Pasukhismbgeblobis Sazagadoeba
English Translation : Status Group Ltd
Name Position
Svetlana
Maiboroda Managing Director
Current trade
experience of payments has not been traced.
Subject declined to
give any financial, general background or antecedent information or to reveal
the extent of the company’s operation.
Information in
this report was obtained from third party sources.
It is normal
accepted practice for international suppliers to deal on secured terms with
Georgian importers.
Subject
declined to name its bankers.
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.
Date Started : 24
March 2014
History : The
subject company was established in Georgia on 24 March 2014.
ID Code :
405035929
Capital : not
given
Shazguduli
Pasukhismbgeblobis Sazagadoeba (limited liability company) ShPS) with the
following director and sole shareholder :
Director
Svitlana Maiboroda
(Ukrainian national
/ Personal No.: 2635414107, EA599787)
Shareholder
Svitlana Maiboroda 100%
(Ukrainian
national / Personal No.: 2635414107, EA599787)
The Company is
involved in the following activities :
Operators of a
travel agency and learning center.
NACE Code: 7911 /
8559
Subject neither
imports nor exports any products (requirements) at present time.
The Company has
the following facilities :
Registered offices
located at the heading address as well as branch offices located in Turkey (see
'Branch Offices' below).
Vazha-Pshavelas Avenue 51, Corpus 4, Flat
86
Vake-Saburtalo
District
Tbilisi
35 B, 1993 Street,
Pataya Residence 2, Flat 108
Esenyurt
Istanbul
Turkey
Mobile: (90 537)
515 3632
You enquired on: STATUS
GROUP. Please note that the
correct name is as per heading.
Interviewed:
Svitlana Maiboroda (Managing Director).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.03 |
|
|
1 |
Rs.99.27 |
|
Euro |
1 |
Rs.71.90 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.