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Report No. : |
350225 |
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Report Date : |
25.11.2015 |
IDENTIFICATION DETAILS
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Name : |
NIKI SHPS |
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Registered Office : |
Orakhelashvili
Street 1 Imereti Region Kutaisi 4600 |
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Country : |
Georgia |
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Date of Incorporation : |
29.09.2010 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading
as importers, wholesalers and distributors of building materials, such as ·
plasterboard tile; ·
metal structures of ceilings; ·
inner fillings; ·
cement; ·
partitions; ·
fiberglass; ·
paints; ·
decorative paints, fillings and floors; ·
enamels; ·
oak and laminate flooring; ·
facade brick and tiles; ·
metal roofs; ·
foams; ·
silicones; ·
glues ·
germen; ·
wallpaper; ·
ceramic tile. |
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No. of Employee : |
7 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
LARI 24,000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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) |
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Georgia |
C1 |
C1 |
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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 |
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.
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Source
: CIA |
Niki ShPS(Correct)
OOO NIKI (Requested)
Street :
Orakhelashvili Street 1
Area :
Imereti Region
Town :
Kutaisi 4600
Country :
Georgia
Telephone : (995 431) 292 399 / Mobile (995 579)
145 656 (Konstantin Nikifi)
Fax :
(995 431) 292 399
E-Mail :
p.nikifi@mail.ru
Extended Name : Niki Shazguduli Pasukhismbgeblobis Sazagadoeba
English Translation : Niki LLC
Also Known As : Niki OOO
Name Position
Konstantin
Nikifi Managing Director
Total
Employees : 7
No
complaints have been heard regarding payments from local suppliers or banks.
We
consider it is acceptable to deal with subject for SMALL amounts, although it
is normal accepted practice for international suppliers to deal on secured
terms with Georgian importers.
Opinion
on maximum credit : LARI 24,000
Trade
risk assessment: Normal
NAME :
PROCREDIT BANK JSC
Branch : A. Tsereteli Street 3B
Town :
Kutaisi 4600
Telephone: (995 431) 257 575
Fax : (995 431) 257 575
Private
companies in Georgia are not required to publish or disclose balance sheets.
However, the subject interviewed offered the following information :
Sales
Turnover : LARI 1,200,000 - 2014 - exact
: LARI 1,000,000 - 2015 – exact *
Net
Profit : not given but stated to be profitable
* 9
months results (January - September).
Financial
year ends 31 December.
Date
Started : 29 September 2010
History
: Subject was established in Georgia on 29 September 2010 and started trading
in 2011.
ID
Code : 412673496
Authorised
Capital : LARI 200
Paid-Up
Capital : LARI 200
Shazguduli
Pasukhismbgeblobis Sazagadoeba (Limited Liability Company) ShPS) with the
following sole shareholder :
Konstantin
Nikifi
100%
(Georgian national /
Personal No. : 60001027683)
The
Company is involved in the following activities :
Trading
as importers, wholesalers and distributors of building materials, such as :
-
plasterboard tile;
-
metal structures of ceilings;
-
inner fillings;
-
cement;
-
partitions;
-
fiberglass;
-
paints;
-
decorative paints, fillings and floors;
-
enamels;
- oak
and laminate flooring;
-
facade brick and tiles;
-
metal roofs;
-
foams;
-
silicones;
-
glues
-
germen;
-
wallpaper;
-
ceramic tile.
Distributors
for :
-
Knauf;
-
Caparol.
Subject
closely cooperates with :
Heidelbergcement
Georgia ShPS
Lortkipanidze
Street 4
Old
Tbilisi District
Tbilisi
0114
Telephone:
(995 32) 247 4747
Fax : (995 32) 247 0707
Managing
Director : Mikhael Iurgen Khampel
Est. :
20 May 2004
C.R.
No. : 36/4-113
ID
Code : 230866435
NACE
Code : 4673
Imports
from Poland.
Subject
does not export, all sales are domestic.
The
Company has the following facilities :
Premises
comprising administrative offices, a showroom and storage facilities located at
the heading address as well as one showroom located at Abashidze Street 21A,
Kutaisi.
Orakhelashvili
Street 1
Imereti
Region
Kutaisi
4600
You
enquired on : “OOO
NIKI”. Please note that subject is also known by this name.
Subject's correct registered name is as per heading.
Interviewed
: Konstantin Nikifi (Managing Director).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.38 |
|
|
1 |
Rs.100.45 |
|
Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TRU |
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 |
-- |
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.