Caucasus Auto Import

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 issuers 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.