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Report Date : |
21.05.2014 |
IDENTIFICATION DETAILS
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Name : |
TAK BAR MMC |
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Registered Office : |
Sergey Senyushkin Street 13, Flat 9, Khatai District, Baku AZ1025 |
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Country : |
Azerbaijan |
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Date of Incorporation : |
13.03.2009 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as importers and wholesalers of oil & gas equipment and machinery |
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No of Employees : |
2 (administrative) |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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Azerbaijan |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
AZERBAIJAN - ECONOMIC OVERVIEW
Azerbaijan's high economic growth has been attributable to large and growing oil and gas exports, but some non-export sectors also featured double-digit growth, including construction, banking, and real estate. Oil exports through the Baku-Tbilisi-Ceyhan Pipeline, the Baku-Novorossiysk, and the Baku-Supsa pipelines remain the main economic driver, but efforts to boost Azerbaijan's gas production are underway. The eventual completion of the geopolitically important Southern Gas Corridor between Azerbaijan and Europe will open up another, albeit, smaller source of revenue from gas exports. Azerbaijan has made only limited progress on instituting market-based economic reforms. Pervasive public and private sector corruption and structural economic inefficiencies remain a drag on long-term growth, particularly in non-energy sectors. Several other obstacles impede Azerbaijan's economic progress, including the need for stepped up foreign investment in the non-energy sector and the continuing conflict with Armenia over the Nagorno-Karabakh region. Trade with Russia and the other former Soviet republics is declining in importance, while trade is building with Turkey and the nations of Europe. Long-term prospects depend on world oil prices, Azerbaijan's ability to negotiate export routes for its growing gas production, and its ability to use its energy wealth to promote growth and spur employment in non-energy sectors of the economy.
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Source
: CIA |
Tak Bar MMC (Correct)
Takbar Azerbaijan Co
(Requested)
Street :
Z. Tagiyev Street 13/2
Town :
Baku AZ1005
Country :
Azerbaijan
Mobile :
(61 73) 343 7290 / (98 912) 120 0042
E-Mail :
davari@takbar.com / info@takbar.com
Extended Name : Tak Bar Mehdud Mesuliyyetli
Cemiyyeti
English Translation : Tak Bar Ltd
Also known as : Takbar Azerbaijan / Takbar
Azerbaijan Co
Name Position
Jahedan
Miyandoab Behbood Ayyoub Managing
Director
(Iranian national)
Total Employees : 2 (administrative)
No complaints have been
heard regarding payments from local suppliers or banks.
We consider it is
acceptable to deal with subject for SMALL amounts, however in view of the lack
of financial information we recommend international suppliers exercise a degree
of caution.
Trade risk assessment:
Above Average
It is normal accepted
practice for international suppliers to deal on secured terms with Azerbaijani
importers.
NAME : INTERNATIONAL BANK OF AZERBAIJAN
Branch : Khatai Branch
Yusif Safarov Street 9
Town : Baku
Telephone: (994 12) 490
2014
Fax : (994 12) 490 2434
Private companies in
Azerbaijan 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.
Date Started : 13 March 2009
Tax No. : VOEN 2001443121
Authorised Capital : NEW MANAT 100
Paid-Up Capital : NEW MANAT 100
Mehdud Mesuliyyetli
Cemiyyeti (limited liability company) with the following sole shareholder :
Vahid Hossein Davari 100%
(Iranian national)
The Company is involved in
the following activities :
Trading as importers and
wholesalers of oil & gas equipment and machinery.
NACE Code : 4614
Imports from Europe.
Subject does not export,
all sales are domestic.
The Company has the
following facilities :
Administrative offices
located at the heading address.
Sergey Senyushkin Street
13, Flat 9
Khatai District
Baku AZ1025
You enquired on: Takbar
Azerbaijan Co. Please note that this name applies to subject’s also known as
name. Subject's correct name is as per heading.
Interviewed: Vahid Hossein
Davari (Shareholder).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs. 58.74 |
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|
1 |
Rs. 98.77 |
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Euro |
1 |
Rs. 80.52 |
INFORMATION DETAILS
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Analysis Done by
: |
KRN |
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Report Prepared
by : |
DPT |
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 |
-- |
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.