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Report Date : |
10.11.2014 |
IDENTIFICATION DETAILS
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Name : |
AYDIN SERVIS MMC |
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Registered Office : |
Bilal Nifteliyev Street 29/39 Qaradag District Baku AZ1063 |
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Country : |
Azerbaijan |
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Date of Incorporation : |
24.02.2009 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as wholesalers and retailers of general merchandise. |
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No. of Employees : |
03 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Azerbaijan |
B1 |
B2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
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
|
Source
: CIA |
CO. NAME : AYDIN SERVIS MMC (CORRECT)
CJSC AYDIN SERVISE (REQUESTED)
Street : Bilal Nifteliyev Street 29/39
Area : Qaradag District
Town : Baku AZ1063
Country : Azerbaijan
Mobile : (994 50) 351 9589 (Imam Balakishi Oglu Mammadov) / (994 51) 746 7490 (Elman Balakishi Oglu Mammadov)
Extended Name : Aydin Servis Mehdud Mesuliyyetli Cemiyyeti
English Translation : Aydin Servis Ltd
Name Position
1. Elman Balakishi Oglu Mammadov Managing Director
2. Imam Balakishi Oglu Mammadov Auditor
Total Employees : 3 (administrative staff)
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: Normal
It is normal accepted practice for international suppliers to deal on secured terms with Azerbaijani importers.
NAME : KAPITAL BANK
Branch : Fizuli Street 71
Town : Baku AZ1014
Telephone: (994 12) 493 5041
Fax : (994 12) 493 7905
The company also has accounts with other local banks.
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 : 24 February 2009
History : The subject company was established in Azerbaijan on 24 February 2009 with the following sole shareholder Aydin Vidadi Oglu Dzhalilov. In 2013, subject’s shareholding structure changed to the present.
Tax No.: VOEN 1100476581
Authorised Capital : NEW MANAT 10
Paid-Up Capital : NEW MANAT 10
Mehdud Mesuliyyetli Cemiyyeti (limited liability company)
with the following sole shareholder:
Elman Balakishi Oglu Mammadov 100%
(resides at Nizami Street, Ashagi Qushchu Kendi, Tovuz Distinct)
The Company is involved in the following activities :
Trading as wholesalers and retailers of general merchandise.
NACE Code: 4690
Subject neither imports nor exports any products (requirements) at present time.
Imported from Turkey, UAE and China.
Subject closely cooperated with the following companies :
1. Omas Servis MMC
Ganja Avenue 51, Flat 4
Khatai District
Baku AZ1126
Telephone: (994 50) 388 6363
Director: Elshan Musa Oglu Mammedov
Est.: 3 April 2009
Tax No.: VOEN 2001453211
Capital: NEW MANAT 10
Sole shareholder: Elshan Musa Oglu Mammedov
2. Fales Servis MMC
Alim Sabiev Street 17, Flat 30
Qaradag District, Lokbatan STQ
Baku AZ1063
Telephone: (994 50) 510 3954
Director: Vagif Mirza Oglu Aliyev
Est.: 31 March 2009
Tax No.: VOEN 1100482301
Capital: NEW MANAT 10
3. Aydin Vidadi Oglu Celilov
Bilal Niftaliyev Street 29, Flat 39
Lokbatan STQ, Qaradag District
Baku AZ1063
Telephone: (994 12) 498 6523 / (994 50) 303 1164 / (994 50) 232
3205 (Sabuhi Mammadov)
Tax No.: VOEN 1100461202
The Company has the following facilities :
Administrative offices located at the heading address.
Subject formerly used the following contact details:
Telephone: (994 12) 545 0079 (residence) / Mobile (994 51) 974 6020 (Aydin Vidadi Oglu Dzhalilov) / 994 50) 232 3205 (Sabuhi Mammadov)
Mollamaharramli AZ1900
Fuzuli District
Subject formerly was located at :
Bilal Nifteliyev Street 29/39
Qaradag District
Baku AZ1063
You enquired on :
CJSC Aydin Servise. Please note that the correct name is as per heading.
Interviewed: Imam Balakishi Oglu Mammadov (Auditor).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.52 |
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|
1 |
Rs.97.39 |
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Euro |
1 |
Rs.76.16 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
NIS |
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 |
-- |
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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.