MIRA INFORM REPORT

 

 

Report Date :

03.03.2014

 

IDENTIFICATION DETAILS

 

Name :

ALINA TRADE TOO

 

 

Registered Office :

Kazybaeva Street 20, Almaty 050050

 

 

Country :

Kazakhstan

 

 

Date of Incorporation :

2007

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Trading as importers, wholesalers, retailers and distributors of construction materials

 

 

No. of Employees :

100 plus (subject)

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 163061.40

Status :

Moderate

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 – September 30, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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. 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.

 

Source : CIA

Company name

 

ALINA TRADE TOO

 

 

ADDRESS

 

Street   :           Kazybaeva Street 20

 

Town     :           Almaty 050050

Country  :          Kazakhstan

 

Telephone:        (7 727) 330 3700 ext. 1231 (Accounts Department) / 258 2839

Fax      :            (7 727) 330 3709

E-mail   :           email@alina.kz

 

English Translation : Alina Trade LLP

 

Also known as : Alina Trade Tovarishchestvo s Ogranichennoy Otvetstvennostyu / Alina Trade ZhShS

 

 

SENIOR COMPANY PERSONNEL

           

   Name                                    Position

 

1. Oksana Ipolitova                     General Director

 

2. Viktoria Domracheva              Chief Accountant

 

3. Ms. Elena                               Accountant

 

Total Employees :                      100 plus (subject)

                                                2,000 (group)

 

PAYMENTS

 

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

 

Subject is a member of the Alina Group of companies operating since 1989. Currently The Group is the biggest producer of building materials and dry mixes in the Republic of Kazakhstan. The Group employs 2,000 people.

 

We consider it is acceptable to deal with subject for MEDIUM amounts, however in view of the lack of financial information we recommend international suppliers exercise a degree of caution.

 

Opinion on maximum credit : TENGE 30,000,000 (higher amounts may be considered with full fiscal disclosure)

Trade risk assessment: Normal

 

It is normal accepted practice for international suppliers to deal on secured terms with Kazakhstani importers.

 

 

PRINCIPAL BANKERS

 

NAME     : RBS KAZAKHSTAN AO (FMLY ABN-AMRO BANK KAZAKHSTAN)

 

Branch   : Khadzhi Mukana Street 45

Town     : Almaty 050059

 

Telephone: (7 727) 258 1505

Fax      : (7 727) 258 1506

 

Subject also has an account with :

 

Bank Tsentrkredit AO

Bogenbay Batyra Street 248

Almaty 050096

Telephone: (7 727) 263 0493 / 263 4531

Fax      : (7 727) 250 9496 / 250 7813

 

 

FINANCIAL INFORMATION

 

Private companies in Kazakhstan are not required to publish or disclose balance sheets. Balance sheets are not available from other sources, and the subject interviewed declined to give any financial information, which the company regards as strictly confidential.

 

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

 

Corporate Income Tax                : TENGE 368,892,200 – 2010 – exact

                                                : TENGE 218,989,400 - 2011 - exact 

                                                             : TENGE 115,718,000 – 2012 – exact

                                                            : TENGE 438,320,500 – 2013 – exact

 

VAT Paid                                  : TENGE 115,955,600 – 2010 – exact

                                                : TENGE 248,046,400 - 2011 - exact 

                                                             : TENGE 315,684,300 – 2012 – exact

                                                : TENGE 364,578,600 – 2013 – exact

 

Individual Income Tax     : TENGE  48,168,200 – 2010 – exact

                                                : TENGE  61,746,000 - 2011 - exact 

                                                : TENGE  74,657,000 – 2012 – exact

                                                : TENGE  81,078,100 – 2013 – exact

Social Tax                                 : TENGE  35,536,900 – 2010 – exact

                                                : TENGE  45,004,900 - 2011 - exact 

                                                             : TENGE  52,922,800 – 2012 – exact

                                                             : TENGE  58,175,500 – 2013 – exact

 

Property Tax                              : TENGE     134,400 – 2010 – exact

                                                : TENGE     160,400 - 2011 - exact 

                                                : TENGE     148,100 – 2012 – exact

                                                : TENGE      90,800 – 2013 – exact

 

Land Tax                                    : TENGE       1,000 – 2010 – exact

                                                : TENGE       1,000 - 2011 - exact 

                                                             : TENGE       1,000 – 2012 – exact

                                                             : TENGE         600 – 2013 – exact

 

Tax on vehicles                          : TENGE     914,900 - 2010 - exact  

                                                             : TENGE     916,500 - 2011 - exact 

                                                : TENGE   1,234,100 – 2012 – exact

                                                             : TENGE   1,194,000 – 2013 – exact

 

Other Income                             : TENGE   5,457,800 – 2010 – exact

                                                : TENGE   6,093,300 - 2011 - exact 

                                                : TENGE   8,689,100 – 2012 – exact

                                                : TENGE   3,264,400 – 2013 – exact

 

Total Taxes Paid                        : TENGE 615,061,000 – 2010 – exact

                                                             : TENGE 580,957,900 - 2011 - exact 

                                                : TENGE 569,054,200 – 2012 – exact

                                                : TENGE 946,702,500 – 2013 – exact

 

Financial year ends 31 December.

 

The following financial information applies to Alina Pro TOO:

 

Sales Turnover                            : TENGE  8,000,000,000 - 2006 - exact

                                                : TENGE  8,000,000,000 - 2007 - exact

                                                : TENGE  9,000,000,000 - 2008 - exact

                                                : TENGE 10,000,000,000 - 2009 – exact

                                                 : TENGE  9,000,000,000 - 2010 – exact

                                                : TENGE  4,956,635,000 – 2011 – exact *

                                                 : TENGE 12,000,000,000 – 2011 – projected    

 

Net Profit                                   : TENGE    146,440,000 – 2010 – exact

 

* 6 months results (January - June).

 

Financial year ends 31 December.

 

 

LEGAL STATUS AND HISTORY

 

Date Started :                            2007

 

Tax No.:                                    RNN 600900585351

 

Business Identification No.:         BIN 070240008699

 

Capital :                                    not given

 

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

 

Yerlik Kurmanaliyevich Balfanbayev                      100%

  

Affiliated companies of the subject company :

 

Associates

 

1.  Alina Pro TOO

    Bekmakhanova Street 92G

    Almaty 050030

    Telephone: (7 727) 235 3523 / 235 2267 / 235 1416 / 298 0791

    / (7 701) 759 0041

    Fax      : (7 727) 235 1417 (Accounts Department) / 235 7217

    E-Mail   : alinapro@alinaltd.kz / Ramazan.D@alina.kz

    Employees : 800

    Est.: 10 October 2000

    Tax No.: RNN 600700213644 (issue date: 17 October 2000)

    Statistics Code : OKPO 39369767

    Business Identification No.: BIN 001040003521

    Capital: TENGE 72,500

    Sole shareholder : Yerlik Kurmanaliyevich Balfanbayev

   (Manufacturers of dry mixes)

 

2.  Alina Holding TOO

   (fmly known as J-X TOO and before that Alpaint TOO)

 

3.  Alina Ltd TOO

    Masanchi Street 67A

    Almaty 050012

    Telephone: (7 727) 258 3200 / 250 9334

    Fax      : (7 727) 250 5914 / 250 5915

    Est.: 5 December 1991

    C.R. No. : 8391-1910-TOO

    Tax No.: RNN 600900038534

    Business Identification No.: BIN 911240000297

    Capital : TENGE 2,073,000

    Sole shareholder : Yerlik Kurmanaliyevich Balfanbayev

   (Distributors of building and interior decorating

    materials)     

 

4.  Alina Semey TOO

    Semey

 

5.  Alina D TOO

    Almaty

   (Manufacturers of gypsum)

 

6.  Chemical Systems TOO

    Ospanova Street 81

    Almaty 050020

    Telephone: (7 727) 298 0794 / 298 0790

    Fax      : (7 727) 298 0794

    E-Mail   : molodyh.a@alina.kz

    Est.: November 2009

    Tax No.: RNN 600900626385

    Business Identification No.: BIN 091140013474

    Capital : TENGE 130,000

    Sole shareholder : Itensal Investments Ltd

   (Trading as importers, wholesalers of chemical additives and

    building materials)

 

7.  Alina Trade Bishkek OsOO

    Murmanskaya Street 56

    Bishkek

    Kyrgyzstan

    Telephone: (996 312) 697 400 / 357 554

    Fax      : (996 312) 697 400 / 357 554

    E-mail   : Tashtanaliev.A@alina.kz

    Managing Director: Almazbek Kuramaevich Tashtanaliev

    Est.: 12 October 2009

    C.R. No.: 108163-3300-ООО

    Tax No.: INN 01210200910122

    Statistics No.: OKPO 26737844

    Shareholders:

            - Alina Trade TOO

            - Alina Holding TOO

 

8.  Alinasib OOO

    Tolmachevskaya Street 43/1, ofis 104

    Novosibirsk

    Russia

    Telephone: (7 383) 303 1714 / 303 1887

 

9.  Alina Ltd TOO (branch office)

    Rudaki Avenue 137

    Tadzhikmatlubot Building

    Dushanbe

    Tajikistan

    Telephone: (992 37) 224 1292

    E-mail   : alina@saturn.tj

 

10. Alina Management TOO

    Kazybaeva Street 20

    Almaty

    Telephone: (7 727) 330 3700 ext. (Accounts Department) / 258 2839

    Fax      : (7 727) 330 3709

    Est.: 8 June 2006

 

11. Alina Turan OOO

    Usmana Nasyra Street 30 A

    Tashkent

    Uzbekistan

    Telephone: (998 712) 556 506

    Fax      : (998 712) 377 5849

 

12. Itensal Investments Ltd

    Georgiu Gennadiu Street 10, office 403

    P.O. Box : 3041

    Limassol

    Cyprus

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Trading as importers, wholesalers, retailers and distributors of construction materials.

 

NACE Code: 4613 / 4673

 

Imports from Europe, mainly from Russia.

 

Exports to Russia.

 

 

FACILITIES

 

The Company has the following facilities :

 

Administrative offices located at the heading address.

 

REGISTERED OFFICE

 

Kazybaeva Street 20

Almaty 050050

 

Subject formerly located at :

 

Ospanova Street 81

Medeuskiy District

Almaty 050010

 

 

SPECIAL NOTE

 

The Registry number given by you : 091140013474 is applies to Chemical Systems TOO’s Business Identification Number. Please note that subject’s correct Business Identification No.: BIN is 070240008699.

 

Interviewed: Ms. Elena (Accountant).


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.07

UK Pound

1

Rs.103.61

Euro

1

Rs.85.03

 

 

INFORMATION DETAILS

 

Report Prepared by :

NNA

 

 

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.