|
Report No. : |
334073 |
|
Report Date : |
06.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAGLYK KHO |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
16.10.2007 |
|
|
|
|
Com. Reg. No.: |
24863644 |
|
|
|
|
Legal Form : |
Not Available |
|
|
|
|
Line of Business : |
Trading as importers, wholesalers and
retailers of pharmaceuticals, cosmetics, perfumery and hygienic products. |
|
|
|
|
No. of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Turkmenistan |
C2 |
C2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
TURKMENISTAN - ECONOMIC OVERVIEW
Turkmenistan is largely a desert country with intensive
agriculture in irrigated oases and significant natural gas and some oil
resources. The two largest crops are cotton, most of which is produced for
export, and wheat, which is domestically consumed. Although agriculture
accounts for roughly 14% of GDP, it continues to employ nearly half of the
country's workforce. Turkmenistan's authoritarian regime has taken a cautious
approach to economic reform, hoping to use gas and cotton export revenues to
sustain its inefficient and highly corrupt economy. The government introduced a
privatization plan in 2012. While some small- and medium-size enterprises were
privatized since 2013, the implementation of this initiative has been slow, and
privatization goals remain limited. From 1998-2005, Turkmenistan suffered from
the continued lack of adequate export routes for natural gas and from
obligations on extensive short-term external debt. At the same time, however,
total exports rose by an average of roughly 15% per year from 2003-08, largely
because of higher international oil and gas prices. Additional pipelines to
China, that began operation in early 2010, and increased pipeline capacity to
Iran, have expanded Turkmenistan's export routes for its gas. Two other export
initiatives—a trans-Caspian pipeline that would carry gas to Europe and the
Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline— are not likely to
be realized any time soon. Overall prospects in the near future are
discouraging because of endemic corruption, a poor educational system,
government misuse of oil and gas revenues, and Ashgabat's reluctance to adopt
market-oriented reforms. The majority of Turkmenistan's economic statistics are
state secrets. The GDP numbers and other figures that the government makes
public are subject to wide margins of error. Based on government-provided data,
the International Monetary Fund (IMF) reported 10.3% GDP growth in 2014. Since
his election, President BERDIMUHAMEDOV unified the country's dual currency
exchange rate, ordered the redenomination of the manat, reduced state subsidies
for gasoline, electricity, natural gas, and transportation services, and
initiated development of a special tourism zone on the Caspian Sea. Although
foreign investment is encouraged, and some improvements in macroeconomic policy
have been made, numerous bureaucratic obstacles impede international business
activity. In January 2015, Turkmenistan devalued its local currency, the manat,
by 19%.
|
Source
: CIA |
CO. NAME : Saglyk KhO (Correct)
SAGLYK (Requested)
ADDRESS
Street : Andaliba
Street 70
Area : Kopetdagskiy
Etrap
Town : Ashgabat
744000
Country : Turkmenistan
Telephone : (993
12) 471 719 / 945 501 / Mobile (993 65) 673 799
Fax : (993
12) 945 501
Email : guvanch.jc.saglyk@gmail.com
Extended Name : Saglyk
Khozyaystvennoye Obschestvo
English Translation : Saglyk Economic Society
Also known as : Saglyk Hojalyk Jemgyyeti
SENIOR COMPANY PERSONNEL
Name Position
1. Begench Charyyarovich
Saparov Managing Director
2. Larisa Aleksandrovna
Barkalova Chief Accountant
No negative information found.
Authorised Capital : MANAT 5,000
Paid-Up Capital : MANAT 5,000
Khozyaystvennoye Obschestvo (economic society) with the
following shareholders :
Shareholders Percentage
1. Guvanch Charyyarovich
Saparov 90%
(brother of Begench Charyyarovich Saparov)
2. Zokhra Nuriyevna Saparova 10%
PAYMENTS
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 Turkmenistani
importers.
N/A
Private companies in Turkmenistan are not required to
publish or disclose balance sheets. However, the subject interviewed offered
the following information :
Sales Turnover : MANAT 2,060,000 - 2008 - exact
: MANAT 1,333,228 – 2009 – exact *
: MANAT 2,067,710 – 2010 – exact
: not given - 2011/2012
: MANAT 5,255,071 – 2013 - exact
: MANAT
12,372,092 – 2014 – exact **
: MANAT 7,686,460 - 2015 - exact ***
Net Profit : MANAT 342,000 - 2008 - exact
: MANAT 268,573 – 2009 – exact *
: not given - 2010/2012
: MANAT 1,050,041 - 2013 - exact
: MANAT 3,074,418 - 2014 - exact
: MANAT 1,921,512 - 2015 - exact ***
* Decrease in sales turnover and net profit in 2009
was due to governmental restrictions imposed on international trade with a
number of countries.
** A significant increase in
sales turnover in 2014 was attributed to favourable market conditions and
expansion of the business.
*** 6 months results (January - June).
Financial year ends 31 December.
N/A
Total Employees: 20
PRINCIPAL
BANKER
NAME: SENAGAT
BANK
Street: Turkmenbashi
Street 42
Town: Ashgabat
744017
Telephone: (993
12) 510 305 / 350 690
Fax: (993
12) 350 693
Date Started : 16 October 2007
History : The subject company was established in
Turkmenistan on 16 October 2007 and started trading in March 2008. Initially,
subject’s shareholding structure was as follows: Sapardudry Tilkiliyev (90%)
and Zokhra Nuriyevna Saparova (10%). In 2013, subject’s shareholding structure changed
to the present.
C.R. No. : 24863644 (issued on 24
March 2015 / frmly 23633820)
Tax No.: INN 207131000041
Trade license No.: 132178 (issue
date : 14 April 2014)
(expiry date: 14 April 2017
The Company is involved in the
following activities :
Trading as importers, wholesalers and retailers of
pharmaceuticals, cosmetics, perfumery and hygienic products.
NACE Code: 4645
Imports from France, Switzerland, India, Poland and Hungary.
Subject does not export, all sales are domestic.
The Company has the following
facilities:
Rented premises comprising administrative offices,
storage facilities and a pharmacy located at the heading address.
Subject previously was located
at:
Barkhannaya Street 25
Ashkhabad 744000
Telephone: (993 12) 281 595 / 328 824 / 350 503
Fax: (993 12) 281 595
Andaliba Street 70
Kopetdagskiy Etrap
Ashgabat 744000
Subject’s registered address previously was located at:
Turkmenistan Syoly 13
Jemgyyeti
SPECIAL
NOTE
You enquired on: SAGLYK. Please
note that the correct name is as per heading.
The address provided by you: JEMGYYETI, TURKMENISTAN SYOLY
13 applies to subject's former registered office address. Please note that
subject's administrative office address is as per
heading.
Interviewed: Begench
Charyyarovich Saparov (Managing Director).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.82 |
|
|
1 |
Rs.99.15 |
|
Euro |
1 |
Rs.69.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.