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Report No. : |
345259.2 |
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Report Date : |
30.10.2015 |
IDENTIFICATION DETAILS
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Name : |
AI JEI AI IMPORTERS SHPS |
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Registered Office : |
M. Kostava
Street 46/50, Flat No. 44, Old Tbilisi District Tbilisi |
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Country : |
Georgia |
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Date of Incorporation : |
12.02.2015 |
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Com. Reg. No.: |
404487239 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers and Retailers of Vegetables. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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) |
|
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.
|
Source
: CIA |
In absence of financials, no credit limit could be recommended.
AI JEI AI
IMPORTERS SHPS (CORRECT)
IJI IMPOTERS (REQUESTED)
Street : M. Kostava Street 46/50, Flat No. 44
Area : Old Tbilisi District
Town : Tbilisi
Country : Georgia
Telephone: (995
32) 298 2828 (unobtainable)
E-Mail
: irakli@gelwins.com
Extended Name : Ai Jei Ai Importers
Shazguduli Pasukhismbgeblobis Sazagadoeba
English Translation : IJI Impoters LLC
Name
Position
Irakli
Kirguradze Managing Director
No trade
experience of payments is available.
Subject is a newly
established company incorporated on 12 February 2015.
Our sources could not
contact the company and obtain a direct interview. Our show the following
telephone number listed for the subject : (995 32) 298 2828. This number is
currently unobtainable. Several messages have been sent to the above email
address requesting a contact, however no reply have been received. No other
telephone or fax numbers are listed for the subject at the local telephone
directory.
Information in
this report was obtained from third party sources.
Opinion on maximum
credit : In the circumstances we recommend
international
suppliers deal on a
strictly cash or
prepaid basis, however
As the subject has
recently started
trading and has no
financial or
payment track
record, we recommend
dealing on fully
secured terms, however
as the company has recently been
established and has no
financial or
payment track
record, we recommend
dealing on fully
secured terms.
Trade risk
assessment : No classification (see above comments)
Details of subject's bankers could not be
learnt.
As the subject has
only recently started trading, relevant financial information is not available.
Date Started : 12
February 2015
History : Subject
was established in Georgia on 12 February 2015.
ID Code :
404487239
Capital : not
given
Shazguduli Pasukhismbgeblobis Sazagadoeba
(limited liability company) ShPS) with the following shareholders :
Details of subject's shareholding
structure could not be learnt.
The Company is
involved in the following activities :
Registered activity : Importers and retailers
of vegetables.
NACE Code : 4721
Details of subject’s imports and exports
could not be learnt.
The Company has
the following facilities :
Registered office premises located at
the heading address.
M. Kostava Street
46/50, Flat No. 44
Old Tbilisi
District
Tbilisi
You enquired on: “IJI IMPORTERS”. Please note that the correct name is
as per heading.
The commercial registration number given by you: “40448723” is
incorrect. Please note that subject’s correct commercial registration number is
404487239.
Interviewed: Third party sources.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.15 |
|
|
1 |
Rs.99.36 |
|
Euro |
1 |
Rs.71.25 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
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.