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Caucasus AutoImport, LLC - Issuer's card |
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INFORMATION |
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| company: |
Caucasus Auto Import |
| Country: |
Georgia |
| full company name: |
Caucasus AutoImport, LLC |
| site: |
http://www.cai.ge/?e=2 |
| Industry: |
Transportation |
| code: |
CAI |
| Profile: |
Caucasus AutoImport, LLC
(www.cai.ge), which serves its clients in 9 major cities of Georgia as well as in Azerbaijan (Baku) and
Armenia (Yerevan) in purchasing used and new cars abroad (USA, Germany and Japan) and
importing them to Georgia. Most of the clients at the time of purchasing the cars pay only part of the
purchase price, transportation cost and service fees and pay the rest upon arrival of the purchased car
to the Port Poti, Georgia. Caucasus Auto Import retains the title of the corresponding car up until the full
amount due is paid by the client. Thus, each asset in the issuer’s portfolio is a cash receivable, which
the client has to pay to the owner of the asset in order to take the title of the car. By selling the portfolio
of assets to the issuer, Caucasus AutoImport transfers the rights on cash receivables as well as the
corresponding car title and consignment documentation on the name of the Issuer to the issuer. Most of
the cars which secure the cash receivable assets are used cars and are very liquid. |
| type: |
corporate |
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