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Report Date : |
08.03.2014 |
IDENTIFICATION DETAILS
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Name : |
BSF TOO
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Registered Office : |
Kalinina Street 2, Village
Otegen Batyra 040700, Iliyskiy District, Almaty Region |
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Country : |
Kazakhstan |
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Date of Incorporation : |
18.01.2000 |
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Com. Reg. No.: |
772-1907-04-ТОО |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers and retailers of paints and related products under the brand name "Raduga". |
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No. of Employees |
60 |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
TENGE 10,000,000 |
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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 december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
BSF TOO
(Correct)
Raduga
(Requested)
Street : Auezova
Street 3G, Office 7
Town : Almaty
050008
Country : Kazakhstan
Telephone: (7 727) 250 8447 / 250 2501
Fax : (7
727) 250 2501
E-Mail : bsf-kz@mail.ru
Trading
Styles : Raduga
Extended Name: BSF Tovarishchestvo s Ogranichennoy
Otvetstvennostyu
English Translation: BSF LLP
Also Known As : LKZ Raduga /
Lakokrasochniy Zavod Raduga / BSF ZhShS
Name Position
1. Aleksandr Ruvimovich
Rynkovskiy Managing Director
2. Alena Valerievna
Shukshina Chief Accountant
Total Employees : 60
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.
Opinion on maximum credit : TENGE
10,000,000
Trade risk assessment : Normal
NAME : BANK TSENTRKREDIT AO
Branch : Rozybakieva Street 111
Town : Almaty
Telephone: (7 727) 316 0209 / 244
3000
Fax : (7 727) 258 4510
Acc. No. : KZ458560000000088132
(445070025)
Acc. No. : KZ688560000000064438
(422160660)
Acc. No. : KZ668560000000059139
(411467219)
Acc. No. : KZ868560000003157347
(411070415)
Acc. No. : KZ938560000003157318
(411070114)
BIK : KCJBKZKX (190501719)
Tax No. : RNN 600700033173
The
company also has an account with:
Kazkommertsbank AO
Bayseitovoy Street, Novaya
Ploschad 49
Almaty 050000
Telephone: (7 727) 258 5123 / 258
5435
Fax : (7 727) 258 5340
Acc. No. : KZ329261802103782001
(142467061)
BIK : KZKOKZKX
Tax No. : RNN 600400055239
Private companies in Kazakhstan
are not required to publish or
disclose balance sheets. However,
the subject interviewed offered
the following information :
Sales Turnover : TENGE 450,000,000 - 2013 - approx
Net Profit : not given
Financial year ends 31 December.
The
following financial information is obtained from the local tax office file :
Corporate Income Tax : TENGE 156,100 2010 exact
: TENGE 229,400 2011 exact
: TENGE 300,000 - 2012 exact
: TENGE 927,900 2013 exact
VAT Paid : TENGE 2,185,000 2010 exact
: TENGE 5,219,600 2011 exact
: TENGE 7,307,400 - 2012 - exact
: TENGE 12,322,000 2013 exact
Individual Income Tax : TENGE
1,713,200 2010 exact
: TENGE 2,042,800 2011 exact
: TENGE 2,829,700 - 2012 - exact
: TENGE 3,170,400 2013 exact
Social Tax : TENGE 1,426,500 2010 exact
: TENGE 1,580,600 2011 exact
: TENGE 2,104,700 - 2012 - exact
: TENGE 1,874,800 2013 exact
Other income : TENGE 0 2010 exact
: TENGE 0 2011 exact
: TENGE 5,000 - 2012 - exact
: TENGE 5,700 2013 exact
Total Taxes Paid : TENGE 5,480,800 2010 exact
: TENGE 9,072,400 2011 exact
: TENGE 12,546,900 2012 exact
: TENGE 18,300,700 2013 exact
Date Started : 18
January 2000
History : The
subject company was established in Kazakhstan on 18 January 2000.
C.R. No. : 772-1907-04-ТОО
Tax No. : RNN 090400017094
Business Identification No.: BIN
000140002207
Statistics Code: OKPO 39068824
Authorised Capital : TENGE 72,500
Paid up Capital : TENGE 72,500
Tovarishchestvo s Ogranichennoy
Otvetstvennostyu (limited liability company) with the following directors and
sole shareholder :
Directors
1. Aleksandr Ruvimovich
Rynkovskiy
(RNN 600320431683 / IIN/BIN 690106399106)
2. Alena Valerievna
Shukshina
(Kazakhstani national / RNN 600811603558 / IIN/BIN 700719402157)
Shareholder
Natalya Markovna Rynkovskaya 100%
(mother of Aleksandr Ruvimovich
Rynkovskiy / Kazakhstani national
/ RNN 600718643759 / IIN/BIN
470504401060 / ID No.: 007057717, issued on 23 September 1997)
The Company is involved in the
following activities :
Manufacturers and retailers of
paints and related products under the brand name "Raduga".
NACE Code: 2030
Imports from Russia, Finland,
Sweden, Iran and Turkey.
Subject does not export, all sales
are domestic.
The Company has the following
facilities :
Premises comprising
administrative offices, a retail outlet, a manufacturing unit with integrated
storage facilities located at the heading address.
Kalinina Street 2
village Otegen Batyra 040700
Iliyskiy District
Almaty Region
Until 5 February 2007, subject's
registered address was located at:
ulitsa Cheremushki, Stadion, Room
201,
Boralday
Almatinskaya Oblast.
You enquired on: Raduga. Please
note this name applies to subjects trading style only. The correct registered
name is as per heading.
Interviewed: Alena Valerievna Shukshina (Chief Accountant).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.99 |
|
UK Pound |
1 |
Rs.102.07 |
|
Euro |
1 |
Rs.84.53 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
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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 |
|
|
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 |
|
|
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 |
-- |
|
This score serves as a reference to assess
SCs 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.