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Report No. : |
336408 |
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Report Date : |
20.08.2015 |
IDENTIFICATION DETAILS
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Name : |
ISMAYILZADE SULEYMAN
SAHIB OGLU |
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Formerly Known As : |
ISMAYILZADE SULEYMAN
SAHIB OGLU CHASTNIY PREDPRINIMATEL |
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Registered Office : |
N. Ismayilov Street
6/45 Qarachukhur Qesebesi (Settlement)
Surakhani District Baku |
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Country : |
Azerbaijan |
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Financials (as on) : |
01.10.2012 |
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Date of Incorporation : |
02.03.2010 |
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Legal Form : |
Private Entrepreneur |
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Line of Business : |
Trading as importers,
wholesalers and retailers of building materials and related instruments such
as welding machines, measuring devices, lifting devices, ladders and chemical
products. |
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No. of Employee : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
New Manat 30,000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Azerbaijan |
A2 |
A2 |
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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 |
ISMAYILZADE SULEYMAN SAHIB OGLU (Correct)
C P SULEYMAN SAHIB OGLU ISMAYILZADE (Requested)
Street :
Ziya Bunyadov Avenue, Quarter 2075
Area :
Darnagul Highway, Narimanov District
Town :
Baku AZ1108
Country :
Azerbaijan
Telephone : (994 12) 514 1946
(Elshad Bayramov) / 490 4209 / 566 2922
ext. 108 (Elshad Bayramov) / 496 4747 / Mobile (994 50)
319 4968 (Elshad Bayramov) / (994 50) 250 2272
(Sevil
Hasanova) / (994 50) 355 6023
Fax :
(994 12) 490 3512 / 496 4747 / 514 1946
E-Mail :
e.bayramov@universalgroup.az / s.hasanova@universal-az.com
Shortform Name : Ismayilzade Suleyman Sahib Oglu ChP
English Translation : Ismayilzade Suleyman Sahib Oglu Private
Entrepreneur
Also Known As : Ismayilzade Suleyman Sahib Oglu
Chastniy Predprinimatel
Name Position
1. Suleyman Sahib Oglu
Ismayilzade General Manager / Owner
2. Elshad Bayramov Financial Manager
Total Employees : 6
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.
Opinion on maximum credit :
NEW MANAT 30,000 (higher amounts may be considered with full fiscal disclosure)
Trade risk assessment:
Above Average
It is normal accepted
practice for international suppliers to deal on secured terms with Azerbaijani
importers.
NAME :
BANK TECHNIQUE OJSC
Branch : M. K. Ataturk Avenue, 1107-Block, Narimanov
District
Town :
Baku AZ1069
Telephone : (994 12) 447 7744
Fax :
(994 12) 447 7744
Acc. No. : 3821-001941-0001 (AZN)
Acc. No. : 3822-001941-0001 (USD)
Acc. No. : 3822-001941-0003 (EUR)
Acc. No. : 3822-001941-0002 (RUR)
Corr.No. : 0137010031944
Bank Code : 509590
SWIFT :
TECIAZ 22
Tax No. : VOEN 9900000681
Subject also has
an account with the following banks:
1. Yapi Kredi Bank Azerbaijan QSC (Fmly Kocbank Azerbaijan Jsb)
28 May Street 5
Baku AZ1014
Telephone : (994 12) 497 7795
Fax :
(994 12) 497 0276
2. International Bank of Azerbaijan
Nizami Avenue 67
Baku AZ1005
Telephone : (994 12) 498 1053 / 493 1842
Fax : (994 12) 493 4091 / 498 1158
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.
The following financial
information is the latest available on the subject in our file :
Sales Turnover :
NEW MANAT 5,000,000 - 2012 - approx
Net Profit : not given but stated to be profitable
Financial year ends 31
December.
The following financial
information applies to Namig Mirzoshurafovich Hakimov :
Sales Turnover : NEW MANAT
200,000 - 2006 - exact
: NEW MANAT 500,000 - 2007 - exact
: NEW MANAT 1,000,000 - 2008 - exact
: NEW MANAT
1,000,000 - 2009 - exact
: NEW MANAT
1,000,000 - 2010 - exact
: NEW MANAT 1,500,000 - 2011 - exact
:
NEW MANAT 1,800,000 - 2012 – exact
Net Profit :
not given
Financial year ends 31
December.
The following Balance
sheets as at 1 October 2012 applies to Universal Makina MMC:
31/12/2011 01/10/2012
(in NEW MANAT)
ASSETS
Current assets
Cash 20,000 35,000
Bank accounts - -
Accounts receivables 441,920
1,568,000
Inventory 4,775,000 5,189,320
Deferred tax
- -
Non-current assets
Fixed assets 2,300,000
3,200,000
Less: Accumulated
depreciation (300,000) (400,000)
TOTAL ASSETS 7,236,920
9,592,320
EQUITY AND LIABILITIES
Short-term liabilities
Accounts payables 650,000 850,000
Notes payable - -
Bank loans
- -
Long-term liabilities
Bank loans
- -
EQUITY
Common stock 1,000,000 1,000,000
Retained earnings 3,759,920 5,586,920
Net income – current
year 1,827,000 2,155,400
TOTAL EQUITY AND
LIABILITIES 7,236,920 9,592,320
PROFIT AND LOSS ACCOUNT
31/12/2010
31/12/2011
(in NEW MANAT)
Gross Sales
13,433,420 17,084,400
Sales discounts 1,374,911 2,318,695
Cost of Goods Sold 9,384,050 11,296,718
Gross profit
2,674,460 3,468,987
Total expenses 1,357,984 1,641,987
Operational expenses 1,207,984 1,431,987
Depreciation expenses 70,000 100,000
Interest expenses - -
Tax expenses 80,000 110,000
Net income
1,316,476 1,827,000
Financial year ends 31
December.
Date Started : 2 March 2010
History : Subject was
established in Azerbaijan on 2 March 2010, however the origins can be traced
back to 2008.
Tax No.: VOEN 1901011522
Capital : not applicable
Chastniy Predprinimatel
(Private Entrepreneur) owned by Suleyman Sahib Oglu Ismayilzade (resides at N.
Ismayilov Street 6/45, Qarachukhur Qesebesi, Surakhani District / date of birth
: 1976).
The Company is involved in
the following activities :
Trading as importers,
wholesalers and retailers of building materials and related instruments such as
welding machines, measuring devices, lifting devices, ladders and chemical
products.
NACE Code : 4613 / 4669
Imports from Italy, Turkey,
UAE, China, Czech Republic, Germany, China, Poland and France.
Subject does not export,
all sales are domestic.
Subject closely cooperates
with :
1. Universal Makina MMC
Ziya Bunyadov Avenue, Quarter 2075
Darnagul Highway, Narimanov District
Baku AZ1108
Telephone: (994 12) 490 4209 / 496 4747 /
514 1946 / 490 3512 /
490 3515 / (994 50) 250 2272 / (994 50) 592
4802 / (994 50) 287
0023 / (994 50) 230 3301
Fax
: (994 12) 496 4747 / 490 3512
Managing Director : Ilqar Bahadur Oglu
Ismayilov
Employees: 113
Est.: 23 June 2006
C.R. No.: 1106-T19-4143
Tax No.: VOEN 1000889131
Capital : NEW MANAT 10,000
Shareholders
- Ilqar Bahadur Oglu Ismayilov - 50%
(Azerbaijani national)
- Uzun Salih - 50%
(Registered address: Mir Jalal 9A Micro
District 11, Flat 39
Binagadi District, Baku AZ1134)
2. Namig Mirzoshurafovich
Hakimov
R. Ismayilov Street 9, Flat 1
Binagadi District
Baku
Telephone: (994 12) 514 1946 (Elshad
Bayramov) / 490 4209 / 566
2922 ext. 108 (Elshad Bayramov) / 496 4747 /
Mobile (994 50) 319
4968 (Elshad Bayramov) / (994 50) 250 2272
(Sevil Hasanova)
Fax
: (994 12) 490 3512 / 496 4747
E-Mail
: e.bayramov@universalgroup.az
Est.: 27 September 2006
Tax No.: VOEN 1000957452
3. Unimac AZ MMC
Ziya Bunyadov Avenue, Quarter 2075
Darnagul Highway, Narimanov District
Baku
Managing Director: Ilqar Bahadur Oglu
Ismayilov
Est.: 1 July 2013
Tax No.: VOEN 1502344801
Capital: NEW MANAT 10
4. Kudret Aliyev
Ziya Bunyadov Avenue, Quarter 2075
Darnagul Highway, Narimanov District
Baku
The Company has the
following facilities :
Administrative offices
located at the heading address.
N. Ismayilov Street 6/45
Qarachukhur Qesebesi
(Settlement)
Surakhani District
Baku
You enquired on: C P
SULEYMAN SAHIB OGLU ISMAYILZADE. Please note that the subject’s correct
registered name is as per heading.
The address which you
provided: Ul N Ismayilov 6/45, Baku Quara Curux Settlement applies to subject's
registered office address. Please note that subject's administrative office
address is as per heading.
Interviewed: Subject’s
employee.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.25 |
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|
1 |
Rs.102.25 |
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Euro |
1 |
Rs.72.19 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
ANK |
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.