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Report Date : |
20.03.2013 |
IDENTIFICATION DETAILS
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Name : |
OPEN TECHNOLOGIES GROUP TOO |
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Registered Office : |
Dostyk Street 5, Flat 200, Esil District , Astana 010000 |
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Country : |
Kazakhstan |
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Date of Incorporation : |
04.11.2010 |
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Com. Reg. No.: |
4203 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Providers of IT, software, mobile applications and networking
solutions. |
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No. of Employees : |
5 (subject) 45 (subject and its affiliates) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Kazakhstan |
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 |
kazakhstan - ECONOMIC OVERVIEW
Kazakhstan, geographically the largest of the former Soviet republics, excluding Russia, possesses enormous fossil fuel reserves and plentiful supplies of other minerals and metals, such as uranium, copper, and zinc. It also has a large agricultural sector featuring livestock and grain. In 2002 Kazakhstan became the first country in the former Soviet Union to receive an investment-grade credit rating. Kazakhstan's economy has largely recovered from the global financial crisis of 2008, and GDP increased 7% year-on-year in 2011. Extractive industries have been and will continue to be the engine of this growth. Landlocked, with restricted access to the high seas, Kazakhstan relies on its neighbors to export its products, especially oil and grain. Although its Caspian Sea ports, pipelines, and rail lines carrying oil have been upgraded, civil aviation and roadways have been neglected. Telecoms are improving, but require considerable investment, as does the information technology base. Supply and distribution of electricity can be erratic because of regional dependencies. At the end of 2007, global financial markets froze up and the loss of capital inflows to Kazakhstani banks caused a credit crunch. The subsequent and sharp fall of oil and commodity prices in 2008 aggravated the economic situation, and Kazakhstan plunged into recession. While the global financial crisis took a significant toll on Kazakhstan's economy, it has rebounded well. In response to the crisis, Kazakhstan's government devalued the tenge (Kazakhstan's currency) to stabilize market pressures and injected around $10 billion in economic stimulus. Rising commodity prices have helped revive Kazakhstan's economy, which registered roughly 7% growth in 2010-11. Despite solid macroeconomic indicators, the government realizes that its economy suffers from an overreliance on oil and extractive industries, the so-called "Dutch disease." In response, Kazakhstan has embarked on an ambitious diversification program, aimed at developing targeted sectors like transport, pharmaceuticals, telecommunications, petrochemicals and food processing. In 2010 Kazakhstan joined the Belarus-Kazakhstan-Russia Customs Union in an effort to boost foreign investment and improve trade relationships. The government expects to join the World Trade Organization in 2012, which should also help to develop the manufacturing and service sector base.
|
Source : CIA |
Open Technologies
Group TOO (Correct)
OPEN TECHNOLOGIES
GROUP LLP (Requested)
Building : NC KazMunayGas JSC Building, Block E, Office 801
Street : Kabanbay Batyra Avenue 19
Area : Esil District
Town : Astana 010000
Country : Kazakhstan
Telephone : (7 7172) 573 167 / 495 010 / Mobile (7 701) 947 7955 / (7 701) 534 2777 (Aset Bakibaevich
Akhmetov) / (7 701) 707 4746 (Dina Mukanova)
Fax : (7 7172) 573 167
E-Mail : sales@otgroup.kz / mdina61@mail.ru
Website : www.otgroup.kz
Extended Name : Open Technologies Group Tovarishchestvo s Ogranichennoy Otvetstvennostyu
English Translation : Open Technologies Group LLP
Also known as : Open Technologies Group ZhShS
Name Position
1. Aset Bakibaevich Akhmetov Managing Director
2. Dina Mukanova Chief Accountant
Total Employees : 5 (subject)
45 (subject and its affiliates)
No complaints have been heard regarding payments from local suppliers or banks.
We consider it is acceptable to deal with subject for SMALL amounts, although it is normal accepted practice for international suppliers to deal on secured terms with Kazakhstani importers.
Trade risk assessment: Normal
NAME : KAZKOMMERTSBANK AO
Branch : Abay Avenue 24
Town : Astana 010000
Telephone: (7 7172) 580 102
Fax : (7 7172) 580 102
Acc. No. : KZ699261501157493000
BIK : KZKOKZKX
Tax No. : RNN 600400055239
The company also has an account with :
Bank RBK AO
Dostyk Street 5
Astana 010000
Telephone : (7 7172) 689 400
Fax : (7 7172) 689 400
Acc. No. : KZ698210439895911367
BIK : KINCKZKA
Tax No. : RNN 600900038006
Private companies in Kazakhstan are not required to publish or disclose balance sheets. However, the subject interviewed offered
the following information :
Sales Turnover : TENGE 40,000,000 - 2012 - exact
: TENGE 150,000,000 - 2013 - projected
Net Profit : TENGE 20,000,000 - 2012 - exact
Financial year ends 31 December.
The following
financial information applies to subject and its affiliates :
Sales Turnover : TENGE 200,000,000 - 2012 - approx
Net Profit : not given
Financial year ends 31 December.
Date Started : 4 November 2010
History : The subject company was established in Kazakhstan on 4 November 2010 and started trading on 4 January 2012.
C.R. No. : 4203 (issue date : 13/07/2012)
Former C.R. No. : 10544
Tax No.: RNN 620500006524
Business Identification No.: BIN 101140003000
Statistics No.: OKPO 51086078
Authorised Capital : TENGE 150,000
Paid-Up Capital : TENGE 150,000
Tovarishchestvo s Ogranichennoy Otvetstvennostyu (limited liability company) with the following shareholders :
Percentage
1. Aliya Balgabaevna Akhmetova 40%
(Kazakhstani national / RNN 620220028787 / IIN/BIN
840526451005 / ID No.: 031834444, issued on 28 June 2011)
2. Aset Bakibaevich Akhmetov 40%
(Kazakhstani national / RNN 451520259358 / IIN/BIN
870520350310 / ID No.: 022298244, issued on 1 April 2008)
3. Dzhamelya Davlyubayevna Raisova 10%
(Kazakhstani national / RNN 391820022496 / IIN/BIN
850926450727 / ID No.: 012896055, issued on 23 May 2002)
4. Askar Muratovich Abeldinov 10%
(Kazakhstani national / RNN 451812566313 / IIN/BIN
820122350040 / ID No.: 020818866, issued on 3 August 2007)
Affiliated
companies of Open Technologies Group TOO :
Associates
1. The One Capital TOO
NC KazMunayGas JSC Building, Block E, Office 801
Kabanbay Batyra Avenue 19
Esil District
Astana 010000
Telephone : (7 7172) 573 167
Est.: 4 March 2008
Tax No.: RNN 620200320924
Business Identification No.: BIN 080340001131
2. Korkem Telekom TOO
Kabanbay Batyra Avenue 19, C 105
Esil District
Astana 010000
Est.: 4 March 2011
Tax No.: RNN 620500008080
Business Identification No.: BIN 110340003601
3. Oybay.kz TOO
Dostyk Street 5/2
Esil District
Astana 010000
Est.: 1 October 2012
Tax No.: RNN 620500017838
Business Identification No.: BIN 121040000630
4. Black Bolt Studio TOO
Dostyk Street 5/2
Esil District
Astana 010000
Est.: 25 October 2012
Tax No.: RNN 6205000018275
Business Identification No.: BIN 121040019265
5. Gigaphone TOO
Astana
The Company is involved in the following activities :
Providers of IT,
software, mobile applications and networking solutions.
Subject
also provides repair services.
Trading as importers and distributors of IT hardware and CCTV systems.
NACE Code: 6201
Imports from USA and Russia.
Subject does not export, all sales are domestic.
The Company has the following facilities :
Rented premises comprising administrative offices located at the heading address as well as a service centre and office premises located at Korgalzhinskoe Highway 6, VP 8, Astana.
Dostyk Street 5, Flat 200
Esil District
Astana 010000
You enquired on: OPEN TECHNOLOGIES GROUP LLP. Please note that this name applies to an English translation of the subject’s name. Subject’s correct registered name is as per heading.
The address which you provided: 5 Dostyk, Kv 500, Astana applies to subject's registered office address. Please note that subject's administrative office address is as per heading.
Interviewed: Dina Mukanova (Chief Accountant).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.26 |
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UK Pound |
1 |
Rs.81.94 |
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Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.