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MIRA INFORM REPORT
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Report No. : |
492842 |
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Report Date : |
24.02.2018 |
IDENTIFICATION DETAILS
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Name : |
ROYAL COLLECTION JOANNA ADAMCZYK |
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Registered Office : |
Ul. Jaśminowa 23, 43-300 Bielsko-Biała |
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Country : |
Poland |
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Date of Incorporation : |
14.01.2008 |
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Legal Form : |
Natural Persons Conducting Business Activity |
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Line of Business : |
Wholesale of Watches, Clocks and Jewelery |
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No. of Employees : |
1 to 9 [2015] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
D |
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Credit Rating |
Explanation |
Rating Comments |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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Status : |
Business Activity Suspended |
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Payment Behaviour : |
-- |
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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.
ECGC Country Risk Classification List
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Poland |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
POLAND - ECONOMIC OVERVIEW
Poland has the sixth-largest economy in the EU and has long had a reputation
as a business-friendly country with largely sound macroeconomic policies. Since
1990, Poland has pursued a policy of economic liberalization. During the
2008-09 economic slowdown Poland was the only EU country to avoid a recession,
in part because of the government’s loose fiscal policy combined with a
commitment to rein in spending in the medium-term Poland is the largest
recipient of EU development funds and their cyclical allocation can
significantly impact the rate of economic growth.
The Polish economy performed well during the 2014-17 period, with the
real GDP growth rate generally exceeding 3%, in part because of increases in
government social spending that have helped to accelerate consumer-driven
growth. However, since 2015, Poland has implemented new business restrictions
and taxes on foreign-dominated economic sectors, including banking and
insurance, energy, and healthcare, that have dampened investor sentiment and
has increased the government’s ownership of some firms. The government reduced
the retirement age in 2016 and has had mixed success in introducing new taxes
and boosting tax compliance to offset the increased costs of social spending
programs and relieve upward pressure on the budget deficit. Some credit ratings
agencies estimate that Poland during the next few years is at risk of exceeding
the EU’s 3%-of-GDP limit on budget deficits, possibly impacting its access to
future EU funds. Poland’s economy is projected to perform well in the next few
years in part because of an anticipated cyclical increase in the use of its EU
development funds and continued, robust household spending.
Poland faces several systemic challenges, which include addressing some
of the remaining deficiencies in its road and rail infrastructure, business environment,
rigid labor code, commercial court system, government red tape, and burdensome
tax system, especially for entrepreneurs. Additional long-term challenges
include diversifying Poland’s energy mix, strengthening investments in
innovation, research, and development, as well as stemming the outflow of
educated young Poles to other EU member states, especially in light of a coming
demographic contraction due to emigration, persistently low fertility rates,
and the aging of the Solidarity-era baby boom generation.
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Source
: CIA |
Company name & address
ROYAL COLLECTION JOANNA ADAMCZYK
Ul. Jaśminowa 23,
43-300 Bielsko-Biała
Company summary
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.82 |
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1 |
INR 90.40 |
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Euro |
1 |
INR 79.76 |
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PLN |
1 |
INR 19.12 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low risk
of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
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Financial condition covering various ratios
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Company background and operations size
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Promoters / Management background
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Payment record
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Litigation against the subject
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Industry scenario / competitor analysis
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Supplier / Customer / Banker review (wherever
available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.