MIRA INFORM REPORT
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Report Date : |
13.09.2011 |
IDENTIFICATION DETAILS
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Name : |
JAIDEV KASPIAN LIMITED MMC |
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Registered Office : |
Istiglaliyat
Street 31A, Baku AZ100 |
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Country : |
Azerbaijan |
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Date of Incorporation : |
September 2005 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers,
Wholesalers and Exporters of heavy metal scrap |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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Litigation : |
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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 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Azerbaijan |
b1 |
b1 |
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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 |
copmpANY
NAME
Jaidev Kaspian Limited MMC (Correct)
Jaidev Caspian Limited (Requested)
company ADDRESS
Street Istiglaliyat
Street 31A
Town Baku
AZ1001
Country Azerbaijan
Telephone: (994
12) 492 6027 / 492 6148 (reallocated)
Fax (994
12) 497 1101 (reallocated)
E-Mail cmd@jcl.com
English
Translation : Jaidev Caspian Limited
Also known
as : Jaidev Kaspian Limited Məhdud Məsuliyyətli Cəmiyyəti
SENIOR COMPANY PERSONNEL
Name Position
Ravindra
Dev Singh Managing Director
Total
Employees : 9 (as of 2006)
PAYMENTS
No trade experience
of payments is available.
Our sources could not contact the company and obtain a
direct interview. The telephone and fax numbers which you provided : (994 12)
492 6027 / 492 6148 and 497 1101 have been reallocated. According to our
subject’s telephone and fax numbers were as follows : (994 12) 492 6555 and 492
9620 respectively. Both numbers have been reallocated in 2008. No other numbers
are listed for the subject at the local telephone directory.
According to the local tax office subject's position is
shown as an active company.
Information in this report was obtained from the third party
sources only.
Opinion on
maximum credit : In the circumstances we recommend
international
suppliers deal on a
strictly cash or prepaid basis.
Trade risk
assessment: No classification
It is normal accepted practice for international suppliers to deal on secured terms with Azerbaijani importers.
PRINCIPAL BANKERS
NAME :
RABITABANK SKB
Branch :
B. Sardarova kuchesi 1
Town :
Baku
Telephone : (994 12) 4925761 / 4926157 / 492 6148
Fax :
(994 12) 4971101
Account
No.: 0038130100840-12725
FINANCIAL INFORMATION
Balance sheets are not available and no financial information could be obtained from third party sources.
LEGAL STATUS AND HISTORY
Date
Started : September 2005
Capital : not given
Mekhdud Mesuliatli Camiyeti (limited liability company) with the following shareholders :
Percentage
1.
Ravindradev Singh
99%
2. Elenara
Chakieva 1%
Affiliated
companies of the subject company :
Associates
1. Jaidev
Qlobal Kaspian Limited MMC
(also known as: Jaidev Global Caspian
Limited)
Azerbaijan
2. Jaidev
Global Kyrgyzstan Limited
Yunusaliyeva Street 63
Bishkek
Kyrgyzstan
3. Jaidev
Central Asia Limited
Aktau
Kazakhstan
3. Jaidev
Exim Pvt. Ltd.
India
ACTIVITIES
The Company
is involved in the following activities :
Trading as
importers, wholesalers and exporters of heavy metal scrap.
Imports
mainly from Russia.
Exports to
India, Vietnam, Sweden, Iran and Turkey.
FACILITIES
The Company
has the following facilities :
Until 2008 subject’s premises were located as per heading. Subject’s Current operational address could not be learnt.
SPECIAL NOTE
Interviewed:
Third Party Sources.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.46.97 |
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UK Pound |
1 |
Rs.74.22 |
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Euro |
1 |
Rs.63.66 |
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.