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Report No. : |
345173 |
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Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
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Name : |
"MIKULLOVCI" SH.P.K. |
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Registered Office : |
SRB-38000 Vucitrn, St. A. Muzaqi |
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Country : |
Kosoves |
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Date of Incorporation : |
28.03.2011 |
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Com. Reg. No.: |
70739720 |
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Legal Form : |
Not Available |
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Line of Business : |
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No. of Employee : |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
KOSOVES ECONOMIC OVERVIEW
Kosovo's economy has shown progress in transitioning to a market-based system and maintaining macroeconomic stability, but it is still highly dependent on the international community and the diaspora for financial and technical assistance. Kosovo's citizens are the poorest in Europe with a per capita GDP (PPP) of $8,000 in 2014. An unemployment rate of 31% encourages emigration and fuels a significant informal, unreported economy. Remittances from the diaspora - located mainly in Germany, Switzerland, and the Nordic countries - are estimated to account for about 15% of GDP. International donor assistance accounts for approximately 10% of Kosovo’s GDP. Most of Kosovo's population lives in rural towns outside of the capital, Pristina. Inefficient, near-subsistence farming is common - the result of small plots, limited mechanization, and a lack of technical expertise. Kosovo enjoys lower labor costs than the rest of the region. However, high levels of corruption and little contract enforcement have discouraged potential investors. With international assistance, Kosovo has been able to privatize a majority of its state-owned-enterprises. Minerals and metals production - including lignite, lead, zinc, nickel, chrome, aluminum, magnesium, and a wide variety of construction materials - once the backbone of industry, has declined because of ageing equipment and insufficient investment. A limited and unreliable electricity supply is a major impediment to economic development, but Kosovo has received technical assistance to help improve the sector’s performance. In 2012, Kosovo privatized its electricity supply and distribution network. The US Government is cooperating with the Ministry of Economic Development (MED) and the World Bank to conclude a commercial tender for the construction of a new power plant. MED also has plans for the rehabilitation of an older coal power plant, and the development of a coal mine that could supply both plants. In June 2009, Kosovo joined the World Bank and International Monetary Fund, and began servicing its share of the former Yugoslavia's debt. In order to help integrate Kosovo into regional economic structures, UNMIK signed (on behalf of Kosovo) its accession to the Central Europe Free Trade Area (CEFTA) in 2006. Serbia and Bosnia previously had refused to recognize Kosovo's customs stamp or extend reduced tariff privileges for Kosovo products under CEFTA, but both countries resumed trade with Kosovo in 2011. Kosovo joined the European Bank for Reconstruction and Development in 2012 and the Council of Europe Development Bank in 2013. In 2014, Kosovo concluded the Stabilization and Association Agreement negotiations (SAA) with the EU, focused on trade liberalization. The SAA is expected to be signed by end of 2015. The official currency of Kosovo is the euro, but the Serbian dinar is also used illegally in Serb majority communities. Kosovo's tie to the euro has helped keep core inflation low. Kosovo experienced its first federal budget deficit in 2012, when government expenditures climbed sharply. In May 2014, the government introduced a 25% salary increase for public sector employees and an equal increase in certain social benefits. Central revenues could not sustain these increases, and the Government was forced to reduce its planned capital investments. The government recently made changes to its fiscal policy that extended the list of duty-free imports, decreased the Value Added Tax (VAT) for basic food items and public utilities, and increased the VAT for all other goods.
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Source
: CIA |
Full Company name: "MIKULLOVCI" SH.P.K.
Address SRB-38000
Vucitrn, St. A. Muzaqi
Telephone +377-44
400 900
Legal form: Company
National ID No.: 70739720
Tax No.: 600671045
Establishment: 28.3.2011.
Registration: With
Kosovo Business Registers Agency
Reg. No.: 70739720
Management: Director
Mr. Gëzim Mikullovci
No negative information found.
Institutional capital: €
1.000,00
Shareholders: Mr. Gëzim Mikullovci 100%
Mode of payment we have no record about payment delay
N/a
Turnover N/A
Assets/Liabilities N/A
N/a
Activities:
NACE
4711 - Retail sale in non-specialized stores with food, beverages or
tobacco predominating
4631 - Wholesale of fruit and vegetables
4632 - Wholesale of meat and meat products
4633 - Wholesale of dairy products, eggs and edible oils and fats
4634 - Wholesale of beverages
4636 - Wholesale of sugar and chocolate and sugar confectionery
4637 - Wholesale of coffee, tea, cocoa and spices
4638 - Wholesale of other food, including fish, crustaceans and molluscs
4639 - Non-specialized wholesale of food, beverages and tobacco
4641 - Wholesale of textiles
4642 - Wholesale of clothing and footwear
4643 - Wholesale of electrical household appliances
4644 - Wholesale of china and glassware and cleaning materials
4645 - Wholesale of perfume and cosmetics
4649 - Wholesale of other household goods
4673 - Wholesale of wood, construction materials and sanitary equipment
4674 - Wholesale of hardware, plumbing and heating equipment and
supplies
4690 - Non-specialized wholesale trade
4721 - Retail sale of fruit and vegetables in specialized stores
4722 - Retail sale of meat and meat products in specialized stores
4724 - Retail sale of bread, cakes, flour confectionery and sugar
confectionery in specialized stores
4778 - Other retail sale of new goods in specialized stores
4799 - Other retail sale not in stores, stalls or markets
Employees: 2
Bankers: Raiffeisen banka
AD
N/a
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.65.15 |
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1 |
Rs.100.53 |
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Euro |
1 |
Rs.73.97 |
INFORMATION DETAILS
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Analysis Done by
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KIN |
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Report Prepared
by : |
ANK |
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.