MIRA INFORM REPORT

 

 

Report No. :

323875

Report Date :

30.05.2015

 

IDENTIFICATION DETAILS

 

Name :

BLRT REFONDA BALTIC OU

 

 

Registered Office :

Kopli tn 103, Tallinn, Harju county, 11712

 

 

Country :

Estonia

 

 

Date of Incorporation :

07.01.2013

 

 

Com. Reg. No.:

12497282

 

 

Legal Form :

Limited Liability Company by Estonian Commercial Law

 

 

Line of Business :

Subject is engaged in wholesale of metals and metal ores

 

 

No. of Employee :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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)

Estonia

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

ESTONIA - ECONOMIC OVERVIEW

 

Estonia, a member of the European Union since 2004 and the euro zone since 2011, has a modern market-based economy and one of the higher per capita income levels in Central Europe and the Baltic region. Estonia's successive governments have pursued a free market, pro-business economic agenda and have wavered little in their commitment to pro-market reforms. The current government has followed sound fiscal policies that have resulted in balanced budgets and low public debt. The economy benefits from strong electronics and telecommunications sectors and strong trade ties with Finland, Sweden, Russia, and Germany. Estonia's economy fell into recession in mid-2008, as a result of an investment and consumption slump following the bursting of the real estate market bubble and a decrease in export demand as result of economic slowdown in the rest of Europe, but the economy recovered strongly in the five years up to 2014. Growth fell below 2% in 2014 as a consequence of weak EU and Russian growth.

 

Source : CIA

 

 

 

Company name

 

BLRT REFONDA BALTIC OU

 

Identification

Full Name

:

OSAUHING BLRT REFONDA BALTIC

IGK-number

:

132-903-145

Name in English

:

BLRT Refonda Baltic Ltd.

Name in national language

:

BLRT Refonda Baltic OÜ

Office Address

:

Kopli tn 103, Tallinn, Harju county, 11712, Estonia

Legal Address

:

Kopli tn 103, Tallinn, Harju county, 11712, Estonia

Contacts

:

-

Phone

:

6102444

-

Fax

:

6102933

-

E-mail

:

refonda@blrt.ee

 

 

SUMMARY


Legal Form : OU (Limited Liability Company by Estonian Commercial Law)

Incorporation : 2013

Staff : n/a

Litigation events : none
Remarks on payments : none

Sales : n/a

Rating

:

[NEW] Recently established business.

 

Registration Data

Date of registration

:

07.01.2013

Registration number

:

12497282

Registr. authority

:

Commercial Register (Estonia)

VAT number

:

EE101683287

Registr. place

:

Estonia

Legal Form

:

OU (Limited Liability Company by Estonian Commercial Law)

since n/a

Share Capital

:

2 500 EUR (registered)

since n/a

Shareholders

:

-

BLRT Grupp Aktsiaselts (Estonia)

100.00 %

reg. number

:

10068499

 

 

Board / Executives

Executives

Board Member

:

Mr Konstantin Gordijenko (Estonia)

Board Member

:

Mr Viktor Stsurakov (Estonia)

( the data cancelled since 03.12.2014 )

Board Member

:

Mr Peeter Raag (Estonia)

( the data cancelled since 24.10.2013 )

Authorised signature

:

Mr Konstantin Gordijenko

 

 

Changes in Registration Data

- 03.12.2014

:

managers

- 24.10.2013

:

managers

Activities

:

-

5051

Iron & Steel Products

(5152 / NACE_1.1: Wholesale of metals and metal ores)

(4672 / NACE_2: Wholesale of metals and metal ores)

Wholesale of metals and metal ores

Staff employed

:

n/a

Subsidiaries and Participation

:

n/a

Bankers

:

n/a

Other associated Companies

:

The subject company nis a part of BLRT Group (http://www.blrt.ee/en/) BLRT Grupp is one of the biggest industrial holdings in the region of the Baltic Sea. The BLRT Grupp started its operations back in 1912, when a decision was made to found the Russo-Baltic Shipbuilding Yard in Tallinn, Estonia. The Holding Company provides quality vessel servicing during their entire life cycle and is a reliable partner in the manufacturing of complex steelwork, mechanical engineering, metal processing and sale, gas production and sale, scrap metal processing, transport and port services. Today BLRT Grupp unites 52 subsidiaries and 4 joint ventures in Estonia, Latvia, Lithuania, Finland, Poland, Russia, and Ukraine; employs more than 4000 specialists; was awarded two times the title of Best Company of Estonia; was recognized for seven consecutive years as the most competitive industrial company in Estonia.

Litigation

:

none

Remarks on payment

:

none

Tax Debt Information The operator BLRT Refonda Baltic OÜ (12497282) has no tax debt as at 27.05.2015. The Taxation Act § 14 (5) sets out that a tax authority is required to issue a certificate to verify the absence of tax debts if the tax debt of the taxable person as regards the total of all the taxes administered by the same tax authority is less than 10 euros or if the tax debt is being paid in instalments.

Financial Elements

:

Taxes paid: • In Q1 2015, the company paid • 0.00 EUR as state taxes • 103 582.57 EUR as payroll taxes The FS 2013 and 2014 f the subject company are not available from the State Register yet. The subject is a newly established company.

 

 

FINAL COMMENTS

The report is based on the information collected from different sources. We called the comapny by phone and spoke to it's administration. We were promised to be provided with some information. If/when we get it we will up-date the report at once.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.76

UK Pound

1

Rs.97.80

Euro

1

Rs.69.91

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ASH

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.