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Report No. : |
346185 |
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Report Date : |
28.10.2015 |
IDENTIFICATION DETAILS
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Name : |
MOTORSTAR SHPS |
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Registered Office : |
Akaki Tsereteli Avenue 40 Didube-Chugureti District Tbilisi 0154 |
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Country : |
Georgia |
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Date of Incorporation : |
13.08.2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as importers, wholesalers, retailers and distributors of
lubricants, car oils, filters, tars, wide range of car parts and car accessories. |
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No. of Employee : |
40 Plus |
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 : |
LARI 100,000 |
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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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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 |
MOTORSTAR SHPS (CORRECT)
MOTORSTAR (REQUESTED)
Street :
Akaki Tsereteli Avenue 40
Area :
Didube-Chugureti District
Town : Tbilisi 0154
Country :
Georgia
Telephone : (995 32) 214 4040 / 215 4040 / 234 1888 / Mobile (995 790) 121 001
Fax :
(995 32) 235 0484
E-Mail
: amboli@amboli.ge / info@amboli.ge / davit@amboli.ge
Website
: www.amboli.ge
Trading Style
: Amboli
Extended Name : Motorstar Shazguduli Pasukhismbgeblobis Sazagadoeba
English Translation : Motorstar LLC
Name Position
1. Davit
Chanturia Managing Director
2. Keti
Dzabiradze Chief Accountant
Total Employees : 40 plus
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 100,000
NAME :
BANK REPUBLIC JSC
Branch : Gr. Abashidze Street 2
Town :
Tbilisi 0179
Telephone : (995 32) 290 9090
Fax :
(995 32) 292 5544
Private companies
in Georgia are not required to publish or disclose balance sheets. However, the
subject interviewed offered the following information :
Sales
Turnover : LARI 5,000,000 - 2014 - approx
Net Profit :
not given but stated to be profitable
Financial year
ends 31 December.
Date Started : 13 August 2004
History : Subject was
established in Georgia on 13 August 2004.
C.R. No. : 5/b-267
ID Code : 216402701
Authorised Capital
: LARI 200
Paid-Up Capital : LARI 200
Shazguduli Pasukhismbgeblobis
Sazagadoeba (Limited Liability Company) ShPS) with the following director and
shareholders :
Director
Davit Chanturia
(Georgian national / Personal No. :
35001011967)
Shareholders Percentage
1. Davit Chanturia 37.25%
(Georgian national / Personal No. : 35001011967)
2. Zurab Musashvili 37.25%
(Georgian national / Personal No. : 20001003910)
3. Vazha Rekhviashvili 10.20%
(Georgian national / Personal No. : 01001001635)
4. Beglar Sikharulidze 5.10%
(Georgian
national / Personal No. : 46001002706)
5. Kakhaberi Partsakhashvili 5.10%
(Georgian national / Personal No. : 35001042780)
6. Zurab Javakhishvili 2.55%
(Georgian national / Personal No. : 14001001690)
7. Davit Kavakhishvili 2.55%
(Georgian national / Personal No. : 14001001219)
Affiliated
companies of Motorstar ShPS :
Associates
1. Pola ShPS
Peking Avenue 7
Vake-Saburtalo District
Tbilisi 0171
Telephone: (995 32) 230 6556
Est. : 27 July 2010
ID Code : 404868407
Trading
Style : Franco Fontana
2. Larki ShPS
Stanislavsky Street 5
Didube-Chugureti District
Tbilisi 0102
Telephone: (995 32) 236 5638 / Mobiles (995
595) 305 256 / (995
595) 305 254
Est. : 17 February 2004
C. R. No. : 06/4-1460
ID Code : 204454090
Trading
Style : Shodi
3. Tbilisis
Saauktsiono Sakhli (Tbilis Auction House)ShPS
Vazha-Pshavelas Avenue 71
Vake–Saburtalos District
Tbilisi
Est. : 29 December 2007
ID Code : 204545974
4. Evropuli
Avtonatsilebi (European Automotive) ShPS
Leonidze Street 32 B, Flat No. 52
Rustavi
Est. : 21 January 2011
ID Code : 416291408
5. Maksavto
Est. : 21 January 2010
ID Code : 401943331
6. 555 ShPS
Tbilisi
Est. : 27 April 2012
ID Code : 406068721
7. Akio ShPS
Tbilisi
Est. : 16 July 2009
ID Code : 206342723
8. Amboli ShPS
Tbilisi
Est. : 4 February 2009
ID
Code : 200270759
10.Zumeri Georgia
ShPS
Tsabadzi Street 8
Tbilisi
Est. : 21 October 2009
ID Code : 202462717
11.TDK Group ShPS
Tbilisi
Est. : 17 May 2012
ID Code : 401971167
12.Medi ShPS
Tbilisi
Est. : 27 January 2012
ID Code : 400035154
13.Bergi ShPS
Sadguri Street 57A, Office No. 74
Tbilisi
Est. : 16 June 2010
ID Code : 406030058
14.Avtokea
(Autocare) ShPS
Leonidzis Street 24, Flat No. 100
Est. : 26 June 2013
ID Code : 416306483
15.ARTI ShPS
Est. :
14 January 2013
ID Code : 416303832
16.Sololakis Kari
ShPS
Leonidze Street 2
Old Tbilisi
Tbilisi 0105
Telephone: (995 32) 293 1532
Est. : 15 March 2006
C.R. No. : 3773/005
ID Code : 204502993
(suspended)
The Company is
involved in the following activities :
Trading as
importers, wholesalers, retailers and distributors of lubricants, car oils,
filters, tars, wide range of car parts and car accessories.
Distributors for :
- TOYO;
- Totachi;
- Venol;
- MAHLE;
- OSRAM;
- Textar;
- Mintex.
NACE Codes : 4532 / 4540
Imports from
Japan, Germany and South Korea.
Subject does not
export, all sales are domestic.
The Company has
the following facilities :
Premises
comprising administrative offices, a retail outlet and storage facilities
located at the heading address as well as 9 retail outlets located elsewhere in
Tbilisi, Gori and Telavi (see 'Branch Offices' below).
Leonidzi Street
24, Flat No. 100
Rustavi 3700
1. Eliava Market Area
Didube-Chugureti District
Tbilisi 0119
Mobile : (995 790) 121 002
2. George Balanchini Street 7
Vake-Saburtalo District
Tbilisi 0131
Mobile : (995 790) 121 005
3. V. Bagrationi Street 15
Didube-Chugureti District
Tbilisi 0154
Mobile : (995 790) 121 004
4. A. Bakradze Street 7
Didube-Chugureti District
Tbilisi 0105
Mobile : (995 790) 121 007
5. University Street 6
Vake-Saburtalo District
Tbilisi 0177
Mobile : (995 790) 202 080
6. D. Aghmashenebeli Street
Telavi 2200
Mobile : (995 350) 236 868 /
(995 350) 272 020
7. Pushkin Street 2G
Gori 1400
Mobile : (995 790) 414 040 / (995 370) 228 282
You enquired on :
“MOTORSTAR”. Please note that the correct name is as per
heading.
The address given by you : “40AK. TSERETELI
AVE, GRUZJA” is misspelt. Please note that subject’s correct administrative
office address is as per heading.
Interviewed : Keti Dzabiradze (Chief Accountant).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.96 |
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1 |
Rs.99.73 |
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Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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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 |
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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.