MIRA INFORM REPORT

 

 

Report Date :

25.09.2013

 

IDENTIFICATION DETAILS

 

Name :

CHAINIY TSENTR TOO

 

 

Registered Office :

Babaeva Street 4 village Almalybak  Karasayskiy District 040909  Almaty Region  

 

 

Country :

Kazakhstan

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

31.10.2000

 

 

Com. Reg. No.:

422-1907-05-ТОО

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Subject is engaged in Producers and processors of tea and confectionery products.

 

 

No. of Employees :

250

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No complaints

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 – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Kazakhstan

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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. Extractive industries have been and will continue to be the engine of Kazakhstan's growth, although the country is aggressively pursuing diversification strategies. 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 continue to need attention. 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, but the country is moving forward with plans to improve reliability of electricity and gas supply to its population. 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, helped by prudent government measures. GDP increased 7.5% year-on-year in 2011, and 5.0% in 2012. Rising commodity prices have helped the recovery. 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 and is planning to accede to the World Trade Organization in 2013

Source : CIA

Company name

 

Chainiy Tsentr TOO (Correct)

LLP (Chainy Tsentr) Tea Centre Ltd (Requested)

 

 

ADDRESS

 

Street      : Babaeva Street 4

Area        : village Almalybak

Town       : Karasayskiy District 040909

Province  : Almaty Region 

Country    : Kazakhstan

 

 

Telephone                     : (7 727) 388 3928 / 388 3929 / 388 3943 / Mobile (7 701) 758 1309 (Zhandos  Medeuovich Serikbaev) / (7 707) 216 2842 / (7 701) 777 5198

Fax                               : (7 727) 388 3929 

E-Mail                           : office@teacenter.kz / sergek_2009@mail.ru

Website                        : www.teacenter.kz

 

Trading Style                 : Altyn Kese / Baykhoviy 1 / Toy / Radj / Traditsia / Bodrost / Zavarka iz Indii 

 

Extended Name            : Chainiy Tsentr Tovarishchestvo s Ogranichennoy Otvetstvennostyu

 

English Translation        : Chainiy Tsentr LLP

 

Also known as               : Chainiy Tsentr ZhShS / Shay Ortalygy TOO

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                                              Position

 

1. Kudaybergen Kuanyshbaevich Tukenov          Managing Director

 

2. Zhandos Medeuovich Serikbaev                                 Import & Export Manager

  (grandson of Toleugazy Taskimbaevich Serikbaev)

 

3. Gaukhar Koksigenovna                                  Chief Accountant

 

4. Zhulduz Kalimbetova                                     Sales Manager  

 

Total Employees : 250

 

 

PAYMENTS

 

No complaints have been heard regarding payments from local suppliers or banks.

 

We consider it is acceptable to deal with subject for MEDIUM amounts, although it is normal accepted practice for international suppliers to deal on secured terms with Kazakhstani importers.

 

Opinion on maximum credit : TENGE 60,000,000

 

Trade risk assessment: Normal

 

 

PRINCIPAL BANKERS

 

NAME               : BANK TSENTRKREDIT AO

 

Branch               : Rozybakieva Street 111

Town                : Almaty

 

Telephone         : (7 727) 316 0209 / 244 3000

Fax                   : (7 727) 258 4510  

 

The company also has an account with :

 

Qazaq Banki (frmly Senim-Bank) AO

Furmanova Street 279

Almaty

Telephone         : (7 727) 380 3950 / 380 3951 / 380 3952

Fax                   : (7 727) 380 3950  

BIK                               : SENIKZKA

Acc. No.           : KZ69549B1398R7001259     

 

 

FINANCIAL INFORMATION

 

Private companies in Kazakhstan are not required to publish or disclose balance sheets. However, the subject interviewed offered

the following information, which applies to subject and its registered branches :

 

Sales Turnover              : US DLRS 20,000,000 - 2012 - approx

 

Net Profit                      : not given but stated to be profitable

 

Financial year ends 31 December.

 

The following financial information is obtained from the local tax office file :

 

Corporate Income Tax      : TENGE           0 – 2009 – exact

                          : TENGE     100,000 – 2010 – exact

                          : TENGE     500,000 - 2011 – exact

                          : TENGE     600,000 - 2012 - exact

                          : TENGE  (1,900,000)- 2013 - exact *  

 

VAT Paid           : TENGE           0 – 2009 – exact

                          : TENGE           0 – 2010 – exact

                          : TENGE  12,200,000 – 2011 – exact

                          : TENGE   8,900,000 - 2012 - exact

                          : TENGE   2,400,000 - 2013 - exact * 

 

Individual Income Tax     : TENGE     500,000 – 2009 – exact

                          : TENGE     600,000 – 2010 – exact

                          : TENGE     800,000 – 2011 – exact

                          : TENGE     900,000 - 2012 - exact

                          : TENGE     200,000 - 2013 - exact *     

 

Social Tax         : TENGE     700,000 – 2009 – exact

                          : TENGE     800,000 – 2010 – exact

                          : TENGE     800,000 – 2011 – exact

                          : TENGE     900,000 - 2012 - exact

                          : TENGE     200,000 - 2013 - exact *

 

Property Tax      : TENGE     200,000 – 2009 – exact

                          : TENGE     100,000 – 2010 – exact

                          : TENGE           0 – 2011 – exact

                          : TENGE           0 - 2012 - exact

                          : TENGE           0 - 2013 - exact *

 

Land Tax           : TENGE           0 – 2009 – exact

                          : TENGE           0 – 2010 – exact

                          : TENGE     100,000 – 2011 – exact

                          : TENGE           0 - 2012 - exact

                          : TENGE           0 - 2013 - exact * 

 

Tax on vehicles: TENGE     400,000 – 2009 – exact

                          : TENGE     100,000 - 2010 – exact

                          : TENGE     100,000 – 2011 – exact

                          : TENGE     100,000 - 2012 - exact

                          : TENGE     100,000 - 2013 - exact *

 

Other income    : TENGE           0 – 2009 – exact

                          : TENGE     200,000 - 2010 – exact

                          : TENGE     100,000 – 2011 – exact

                          : TENGE     200,000 - 2012 - exact

                          : TENGE           0 - 2013 - exact * 

 

Total Taxes Paid: TENGE   1,800,000 – 2009 – exact

                          : TENGE   1,900,000 – 2010 – exact

                          : TENGE  14,500,000 – 2011 – exact

                          : TENGE  11,500,000 – 2012 – exact

                          : TENGE   1,000,000 - 2013 - exact *

 

As of 1 June 2013.

 

 

LEGAL STATUS AND HISTORY

 

Date Started :               31 October 2000

 

History :                        The subject company was established in Kazakhstan on 31 October 2000, however its origins can be traced back to 1998.

 

C.R. No. :                     422-1907-05-ТОО

 

Tax No.:                        RNN 090500032300

 

Business Identification No.: BIN 001040000287

 

Statistics No.:               OKPO 39342142

 

Authorised Capital :       TENGE 200,000

 

Paid-Up Capital :           TENGE 200,000

 

Tovarishchestvo s Ogranichennoy Otvetstvennostyu (limited liability company) with the following director and sole shareholder :

 

 

Director

 

Kudaybergen Kuanyshbaevich Tukenov

(Kazakhstani national / RNN 090520082977 / IIN/BIN 540101306812)

 

 

Shareholder                                 

 

Toleugazy Taskimbaevich Serikbaev                        100%

(Kazakhstani national / RNN 600411085527 / IIN/BIN 400304300046

ID No.: 007417533, issued on 20 August 1998)                   

  

Affiliated companies of Chainiy Tsentr TOO :

 

 

Associate

 

Food Center TC TOO

Babaeva Street 4

village Almalybak

Karasayskiy District 040909

Almaty Region 

Telephone : (7 727) 388 3928 / 388 3929 / 388 3943 / Mobile (7 701) 758 1309 (Zhandos Medeuovich Serikbaev) / (7 707) 216 2842 / (7 701) 777 5198

Fax       : (7 727) 388 3929 

E-Mail    : trade@foodcenter.kz

Est.: May 2012

Tax No.: RNN 090500235495

Business Identification No.: BIN 120540009634

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Producers and processors of tea and confectionery products.

 

NACE Code: 1082 / 1083 

 

Imports from China, Kenya, India and Sri Lanka.

 

Exports to Kyrgyzstan and Russia.

 

Subject closely cooperates with :

 

Laura Zhangirovna Bimakhanova IP

Zhazylbekova Street 16

Karasayskiy District 480000

Almaty Region 

Tax No.: RNN 090511662278  

 

 

FACILITIES

 

The Company has the following facilities :

 

Owned premises comprising administrative offices, a manufacturing unit and storage facilities located at the heading address as well as 3 branch offices located elsewhere in Pavlodar, Taldykorgan and Karaganda (see 'Branch Offices' below).

 

 

REGISTERED OFFICE

 

Babaeva Street 4

village Almalybak

Karasayskiy District 040909

Almaty Region

 

BRANCH OFFICES

 

1. Chainiy Tsentr TOO - Pavlodar Branch

   Pavlodar

   Tax No.: RNN 451500232324

 

2. Chainiy Tsentr TOO - Taldykorgan Branch

   Taldykorgan

   Tax No.: RNN 092200218819

 

 

SPECIAL NOTE

 

You enquired on: LLP (Chainy Tsentr) Tea Centre Ltd. Please note that the correct name is as per heading.  

 

Interviewed: Zhandos Medeuovich Serikbaev (Import & Export Manager).

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.66

UK Pound

1

Rs.100.46

Euro

1

Rs.84.60

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

New Business

 

--

 

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%)

 

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.