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Report No. : |
316948 |
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Report Date : |
17.04.2015 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
V. Qahramanov Street 5A Qabala AZ3600 |
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Country : |
Azerbaijan |
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Date of Incorporation : |
02.04.2008 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
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No. of Employees : |
38 |
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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Maximum Credit Limit : |
NEW MANAT 20,000 |
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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 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Azerbaijan |
B2 |
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.
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Source
: CIA |
CO. NAME : Cahandar-2008
MMC (Correct)
CHANDAR 2008 MMC (Requested)
ADDRESS
Street : V. Plotnikov Street 21
Area : Nasimi District
Town : Baku AZ1007
Country : Azerbaijan
Telephone: (994 12) 449 8181 / Mobile (994 55) 700 2653 (Rashad Qasimov) / (994 50) 220 9120 (Qasim Isak Oglu Aliyev)
Fax : (994 12) 449 8181
E-Mail : avtokom2004@rambler.ru / rashad-8282@mail.ru
English Translation : Cahandar-2008 LLC
Also known as : Cahandar-2008 Mehdud Mesuliyyetli Cemiyyeti
Name Position
1. Elchin Rasim Oglu Sherkerov Managing Director
2. Maftun Ilqar Oglu Rustamov Deputy Managing Director
3. Rashad Qasimov Technical Clerk
Total Employees : 38
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 Azerbaijani importers.
Opinion on maximum credit : NEW MANAT 20,000
Trade risk assessment: Normal
NAME : ATABANK ASC
Branch : Shamsi Badalbeyli Street 102
Town : Baku AZ1010
Telephone: (994 12) 497 8700 / 598 0841
Fax : (994 12) 498 7447
Private companies in Azerbaijan are not required to publish or disclose balance sheets. However, the subject interviewed offered
the following information :
Sales Turnover : NEW MANAT 800,000 - 2014 – approx
Net Profit : not given but stated to be profitable
Financial year ends 31 December.
Date Started : 2 April 2008
History : The subject company was established in Azerbaijan on 2 April 2008.
Tax No.: VOEN 4400296891
Authorised Capital : NEW MANAT 10
Paid-Up Capital : NEW MANAT 10
Mehdud Mesuliyyetli Cemiyyeti (limited liability company) with the following sole shareholder:
Elchin Rasim Oglu Sherkerov 100%
The Company is involved in the following activities :
Trading as importers and wholesalers of auto spare parts and motor oils.
Subject engages in customs clearance services and customs brokerage services.
NACE Codes: 4613 / 4941 / 6622
Imports from Europe, Russia, Germany and Italy.
Subject does not export, all sales are domestic.
Subject closely cooperates with :
Qasim Isak Oglu Aliyev Private Entrepreneur
M. Cafarov Street 16, Flat 128
Nasimi District
Baku
Telephone: (994 12) 530 3606 / (994 50) 220 9120
Fax : (994 12) 530 3606
E-Mail: avtokom2004@rambler.ru
Tax No.: VOEN 1401203002
Date of birth : 1968
(Trading as importers and wholesalers of auto spare parts and motor oils)
The Company has the following facilities :
Rented office premises located at the heading address.
V. Qahramanov Street 5A
Qabala AZ3600
Until 2013, subject’s registered address was located at :
Zardabi Street 45
Zardabi AZ6300
Zardabi District
You enquired on: CHANDAR 2008 MMC. Please note that the correct name is as per heading.
The address which you provided: V QAHRAMANOV 5A 3600 QEBELE applies to subject's registered office address. Please note that subject's administrative office address is as per heading.
The telephone number: +99450 220 9120 applies to subject’s partner Mr. Qasim Isak Oglu Aliyev. Please note that subject's correct telephone numbers are as per heading.
Interviewed: Rashad Qasimov (Technical Clerk).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.37 |
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1 |
Rs.92.44 |
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Euro |
1 |
Rs.66.56 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
VNT |
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.