MIRA INFORM REPORT

 

 

Report Date :

06.03.2014

 

IDENTIFICATION DETAILS

 

Name :

BELIY DOM TOO

 

 

Registered Office :

Ryskulova Street 101, Almalinskiy District, Almaty 050061 

 

 

Country :

Kazakhstan

 

 

Date of Incorporation :

19.07.2002

 

 

Com. Reg. No.:

48544-1910-ТОО (IU) 

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacturers of paints, glues and dry mixes.

 

 

No. of Employees :

50 plus

 

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

 

Maximum Credit Limit :

TENGE 18,000,000

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 – 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

 

BELIY DOM TOO (Correct)

BELYDOM CO LTD (Requested)

 

 

ADDRESS

 

Street    :          Ryskulova Street 101

 

Area      :          Almalinskiy District

 

Town      :         Almaty 050061 

Country   :         Kazakhstan

 

Telephone :       (7 727) 253 0503 / 253 0564 / 253 0470 / 253 0323 / (7 701) 711 1544 / (7 701) 389 7673

Fax       :           (7 727) 253 0564  

E-Mail    :          info@beliydom.com / a22n@mail.ru

Website   :        www.beliydom.com

 

Trading Style :   Beliy Dom

 

Extended Name : Beliy Dom Tovarishchestvo s Ogranichennoy Otvetstvennostyu

 

English Translation : Beliy Dom LLP

 

Also known as :             TOO SP Beliy Dom / Sovmestnoe Predpriyatie Beliy Dom TOO / BelyDom Co Ltd

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                                Position

 

1. Seyed Mehdi Kheravi                         Managing Director

 

2. Marina Gennadievna Matytsina           Chief Accountant

 

Total Employees : 50 plus

 

 

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 18,000,000

 

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  

Acc. No. :         KZ788560000004263679

Acc. No. :         KZ898560000006322403

Acc. No. :         KZ728560000000066500 (320070069)

Acc. No. :         KZ818560000000064107 (300467854)

BIK      :            KCJBKZKX (190501719)

Tax No.  :          RNN 600700033173

 

The company also has an account with the following banks:

 

1. Sberbank DB AO

   Kaldayakova Street 28  

   Almaty 

   Telephone: (7 727) 250 0060

   Fax      : (7 727) 250 0063

   Acc. No. : KZ34914840914BC31026

   Acc. No. : KZ74914398914BC33782

   BIK      : SABRKZKA

   Tax No.  : RNN 600900050984

 

2. Kazkommertsbank AO

   Bayseitovoy Street, Novaya Ploschad 49

   Almaty 050000

   Telephone: (7 727) 258 5123 / 258 5435

   Fax      : (7 727) 258 5340

   Acc. No. : KZ479261802147284000 (011467930)

   Acc. No. : KZ209261802147284001 (029070490USD)

   Acc. No. : KZ909261802147284002 (029070490EUR)

   BIK      : KZKOKZKX  

   Tax No.  : RNN 600400055239 

 

FINANCIAL INFORMATION

 

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

the following information :

 

Sales Turnover          : TENGE 800,000,000 - 2013 – approx

 

Net Profit              : not given 

 

Financial year ends 31 December.

 

 

LEGAL STATUS AND HISTORY

 

Date Started :               19 July 2002 

 

History :                        The subject company was established in Kazakhstan on 19 July 2002.

 

C.R. No. :                     48544-1910-ТОО (IU) 

 

Tax No.:                        RNN 600500507894 

 

Business Identification No.: BIN 020640000222

 

Statistics Code:            OKPO 39755370

 

Authorised Capital :       TENGE 42,500,000 (increased from TENGE 13,315,400)   

 

Paid-Up Capital :           TENGE 42,500,000 (increased from TENGE 13,315,400)   

 

Tovarishchestvo s Ogranichennoy Otvetstvennostyu (limited liability company) with the following directors and shareholders:

 

Directors

 

1. Seyed Mehdi Kheravi  

  (RNN 600720202604 / IIN/BIN 671126399075)                

 

2. Marina Gennadievna Matytsina         

  (Kazakhstani national / RNN 600810595248 / IIN/BIN 631030401656)                 

 

Shareholders                                         Percentage

 

1. Seyed Mehdi Kheravi                                   97.80%

  (Kazakhstani national of Iranian origins / ID No.: 023115189,

   issued on 14 July 2009)   

 

2. Lyudmila Pavlovna Ovchinnikova                         2.20%

  (Kazakhstani national / RNN 531410486825 / IIN/BIN 800830400323

   / issued on: 26 September 2005)                 

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Manufacturers of paints, glues and dry mixes.

 

Annual production capacity: 100,000 tonnes

 

NACE Code: 4613

 

Imports from Russia and China.

 

Exports to CIS countries.

 

 

FACILITIES

 

The Company has the following facilities :

 

Owned 2 storey premises comprising administrative offices, a retail outlet, a manufacturing unit and storage facilities located at the heading address.

 

 

REGISTERED OFFICE

 

Ryskulova Street 101

Almalinskiy District

Almaty 050061 

 

 

SPECIAL NOTE

 

You enquired on: BelyDom Co Ltd. Please note that this name applies to subject’s also known as name. Subject’s correct registered name is as per heading.   

 

The postal address given by you: 050060 Almaty is incorrect. Please note that subject’s correct PO Box number is as per heading.

 

Interviewed: Seyed Mehdi Kheravi (Managing Director). 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.86

UK Pound

1

Rs.103.06

Euro

1

Rs.84.92

 

 

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.