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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

511000

Report Date :

29.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

AGIEV AMBER SUPPLY LTD.

 

 

Registered Office :

Maskavas 136, Riga, LV-1003

 

 

Country :

Latvia

 

 

Year of Establishment :

2014

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Subject is engaged in manufacturer, supplier and exporter that deals in various sorts of products.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

C

 

Credit Rating

Explanation

Rating Comments

C

Medium High Risk

Business dealings permissible preferably on secured basis

 

Status :

Not registered on Latvia 

 

 

Payment Behaviour :

Unknown

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Latvia

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

LATVIA - ECONOMIC OVERVIEW

 

Latvia is a small, open economy with exports contributing more than half of GDP. Due to its geographical location, transit services are highly-developed, along with timber and wood-processing, agriculture and food products, and manufacturing of machinery and electronics industries. Corruption continues to be an impediment to attracting foreign direct investment and Latvia's low birth rate and decreasing population are major challenges to its long-term economic vitality.

 

Latvia's economy experienced GDP growth of more than 10% per year during 2006-07, but entered a severe recession in 2008 as a result of an unsustainable current account deficit and large debt exposure amid the slowing world economy. Triggered by the collapse of the second largest bank, GDP plunged by more than 14% in 2009 and, despite strong growth since 2011, the economy took until 2017 return to pre-crisis levels in real terms. Strong investment and consumption, the latter stoked by rising wages, helped the economy grow by more than 4% in 2017, while inflation rose to 3%. Continued gains in competitiveness and investment will be key to maintaining economic growth, especially in light of unfavorable demographic trends, including the emigration of skilled workers, and one of the highest levels of income inequality in the EU.

 

In the wake of the 2008-09 crisis, the IMF, EU, and other international donors provided substantial financial assistance to Latvia as part of an agreement to defend the currency's peg to the euro in exchange for the government's commitment to stringent austerity measures. The IMF/EU program successfully concluded in December 2011, although, the austerity measures imposed large social costs. The majority of companies, banks, and real estate have been privatized, although the state still holds sizable stakes in a few large enterprises, including 80% ownership of the Latvian national airline. Latvia officially joined the World Trade Organization in February 1999 and the EU in May 2004. Latvia also joined the euro zone in 2014 and the OECD in 2016.

 

Source : CIA

 

 

 

 

Identification

 

Full Name

:

AGIEV AMBER SUPPLY LTD.

Name in English

:

AGIEV AMBER SUPPLY LTD.

Name in national language

:

AGIEV AMBER SUPPLY LTD.

Office Address

:

Maskavas 136, Riga, LV-1003, Latvia

/According to mass-media sources data/

Legal Address

:

/Not traced/

( the data as of 13.02.2017 )

Contacts

:

Information as at 13.02.2017:

-

Phone

:

(+371) 25367217

-

E-mail

:

agievgroup@gmail.com

-

WWW

:

http://www.agievamber.com

Not confirmed. See the Final comments.

 

 

SUMMARY


Legal Form : 

Incorporation : 2014

Staff : n/a

Litigation events : n/a
Remarks on payments : n/a


Sales : n/a

Incorporation

:

2014

Registration number

:

n/a

Registr. place

:

British Virgin Islands

The company is not registered as independent legal person in Latvia.

Legal Form

:

since n/a

LTD

Share Capital

:

Information is not available.

Shareholders

:

Information as at 13.02.2017: According to Mr Vladimirs Blinovs words, there are two shareholders in company: two private persons from Russia and Latvia.

Board / Executives

Executives

Chief Executive Officer

:

Mr Blinovs, Vladimirs (Latvia)

Authorised signature

:

n/a

Activities

:

According to company's website data: Agiev Amber Supply Ltd., a manufacturer, exporter, trader and supplier of a wide range of jewelery, bags, food items, etc. More detailed information see by the link: http://www.agievamber.com/company-profile.html Information as at 13.02.2017: According to Mr Vladimirs Blinovs words, the company is not active.

Staff employed

:

n/a

Subsidiaries and Participation

:

n/a

Bankers

:

n/a

Other associated Companies

:

Information as at 13.02.2017:

-

AGIEV GROUP (Latvia)

reg. number

:

40103841019

Mr Vladimirs Blinovs is registered in the mentioned company as shareholder and Member of the Board. According to his words, AGIEV AMBER SUPPLY LTD. and SIA AGIEV GROUP are not related.

Financial Elements

:

The company is not registered as independent legal person in Latvia, so it didn't submitted its Financial statement to local official sources.

Publications

- 0001

:

Subject

:

About

About Us It was the year 2014 when our proprietor had the desire to commence a business as a manufacturer, supplier and exporter that deals in various sorts of products. The company was named Agiev Amber Supply Ltd. Based in Riga, Latvia, the business has experienced considerable growth in the industry within a short period of time. Our company basically deals in food products, electronic items and supplies, jewelry, bags and other miscellaneous products like safety matches. All in all the products that we offer, comprise Egg Powders, Diamonds, Cotton Bags, Wires, Natural Blue Sapphires Roughs and numerous other things. We have walked through various rough patches and presently, our company has membership from CEBIT - Electronics , Latvian and EU Chamber of Commerce. Alongside the products, we are also going to undertake our future venture, that is, GESAT and GRACE patented projects... Export Market Within a short period of time, we have received good and affirmative feedback from our customers. Our company has become diversified as an exporter and trader, which is the why we supply our products in the global markets as well. Below are some of the major markets, where we deliver our quality products: Asia and Europe China India Japan Korea Singapore Italy Germany Denmark

We also found several links in the Internet, that might have the relation to the requested company: https://www.tradeindia.com/Seller-11140650-AGIEV-AMBER-SUPPLY-LTD-/ http://www.sdelki.ru/c/83144-agiev-amber-supply-ltd

FINAL COMMENTS

SEARCH/INTERVIEW RESULTS: We tried to call Mr Blinovs by the only available phone number 25367217, but it was switched off. We have sent a letter by the e-mail address agievgroup@gmail.com and wait for a feedback. Searching by the company's name in the internet we found a link: https://www.tradeindia.com/Seller-11140650-AGIEV-AMBER-SUPPLY-LTD-/ However, there are no contact data. We will try to re-contact Mr Blinov again later. If we get some additional information, we will inform you at once.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 67.44

UK Pound

1

INR 89.88

Euro

1

INR 79.00

Euro

1

INR 78.19

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

Report Prepared by :

DNS

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

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:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.