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Report No. : |
353439 |
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Report Date : |
12.12.2015 |
IDENTIFICATION DETAILS
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Name : |
ATROPATENA QSC |
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Registered Office : |
Mameda Araza Street 18 (formerly Teymur Aliyeva Street 11) Narimanov District Baku AZ1106 |
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Country : |
Azerbaijan |
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Date of Incorporation : |
28.12.1992 |
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Legal Form : |
Closed Joint Stock
Company |
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Line of Business : |
Trading as importers,
wholesalers and distributors of fast moving consumer goods such as personal
hygiene products, household cleaning products as well as foodstuff, such as
dairy and confectionery products. |
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No. of Employee : |
1,050 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
New Manat 2,000,000 |
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Status : |
Satisfactory |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 |
ATROPATENA QSC (CORRECT)
ATROPATENA CJSC (REQUESTED)
Street :
Mameda Araza Street 18 (formerly Teymur Aliyeva Street 11)
Area :
Narimanov District
Town :
Baku AZ1106
Country : Azerbaijan
Telephone : (994 12) 493 8762 ext. 236 (Head
of Foreign Relations Department) / 441 2291 / 441 2281 / Mobile (994 50) 206
2060 (Mushvig Huseynov)
Fax : (994 12) 440 8695
E-Mail :
mveliyev@atropatena.az / hyusifova@atropatena.az / office@atropatena.az / mhuseynov@atropatena.az
Extended Name : Atropatena Qapali Sehmdar Camiyyeti
English Translation : Atropatena CJSC
Name Position
1. Elshad Qahraman Oglu
Rasulov Managing Director
2. Sabira Qahraman Qizi
Rasulova Head of Human Resources Department
3. Hayalya Yusifova Chief Accountant
4. Mushvig Huseynov Head of Foreign Relations
Department
Total Employees : 1,050
No complaints have been
heard regarding payments from local suppliers or banks.
We consider it is
acceptable to deal with subject for LARGE amounts, although it is normal accepted
practice for international suppliers to deal on secured terms with Azerbaijani
importers.
Opinion on maximum credit :
NEW MANAT 2,000,000
Trade risk assessment:
Normal
NAME : PASHA BANK OJSC
Branch : Yusif Mammadaliyev Street 15
Town : Baku AZ1005
Telephone: (994 12) 496
5000
Fax : (994 12) 496 5010
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
74,784,000 - 2012 - exact
: NEW
MANAT 86,453,000 - 2013 - exact
: NEW MANAT
100,000,000 - 2014 – exact
Net Profit :
not given but stated to be 12% of the sales turnover
Financial year ends 31
December.
Date Started : 28 December 1992
History
: Subject was
established in Azerbaijan on 28 December 1992.
C.R. No. : 2177 (issued on 26
December 1996)
Tax No. : VOEN 1400130801
Authorised Capital : NEW MANAT 2,000
Paid-Up Capital : NEW MANAT 2,000
Qapali Sekhmdar Camiyati
(Closed Joint Stock Company) with the
following sole shareholder
:
Elshad Qahraman Oglu Rasulov 100%
(brother of Sabira Qahraman
Qizi Rasulova)
Affiliated companies of
Atropatena QSC :
Subsidiaries
1. Atena MMC
Ag Cabedi Reyonu
Ag Abeyli Kendi AZ0400
Telephone: (994 12) 404 4840 / 441 2281
Fax
: (994 12) 404 4850
Managing Director : Cem Birol Kurt
Est. : 7 October 2010
Tax No. : VOEN 3400352271
Capital : NEW MANAT 2,000
Sole shareholder : Atropatena QSC
(producers of dairy products under the brand
name “Atena”)
2. Aqat Aqro MMC
Ag Cabedi Reyonu
Ag Abeyli Kendi AZ0400
Mobiles : (994 50) 210 1868 (Mulhazil
Suleyman Oglu Balakishiyev)
/ (994 50) 206 089
Managing Director : Alp Parmaksizoglu Ismail
Est. : 13 March 2012
Tax No. : VOEN 3400469141
Capital : NEW MANAT 2,000
Sole shareholder : Atropatena QSC
3. AGS MMC
Ag Cabedi Reyonu
Ag Abeyli Kendi AZ0400
Mobile : (994 50) 210 1868
Managing Director : Mulkhazil Suleyman Oglu
Balakishiyev
Est. : 13 May 2009
Tax No. : VOEN 3400287141
Capital : NEW MANAT 100
Shareholders :
- Gilan MMC 50%
- Atropatena QSC 50%
The Company is involved in
the following activities :
Trading as importers, wholesalers
and distributors of fast moving consumer goods such as personal hygiene
products, household cleaning products as well as foodstuff, such as dairy and
confectionery products.
Distributors for :
Hygiene products &
household items :
- Kimberly-Clark;
- ReckittBenckiser;
- Henkel;
- GlaxoSmithKline.
Pharmaceutics :
- GlaxoSmithKline;
- Bristol-Myers;
- Novartis;
- Sanofi-Aventis;
- Nycomed;
- Reckitt Benckiser
Healthcare;
- Berlin-Chemie.
Dairy products :
- Danone;
- Atena;
- Nestle.
NACE Code : 4649
Imports from France,
Germany, UK, Italy, Norway, Poland, Czech
Republic and USA.
Subject does not
export, all sales are domestic.
The Company has the
following facilities :
Owned premises comprising
administrative offices and storage facilities located at the heading address as
well as 9 regional logistic centres and storage facilities located throughout
Azerbaijan (see 'Branch Offices' below).
Alesger Alekberov Street 9,
Flat No. 50
Yasamal District
Baku AZ1073
1. Agcabedi Branch
Heydar Aliyev Avenue, Stroyka Dairesi
Agcabedi
Telephone: (994 113) 51106
E-Mail
: agcabedi@atropatena.az
2. Ganja Branch
Ganjaa-Shamkir Magistralinin Ustu
Ganja Rabita Sanaye Zavodunun Yani
Ganja
Telephone: (994 22) 254 8574
E-Mail
: gence@atropatena.az
3. Goychay Branch
Heydar Aliyev Avenue
Goychay
Telephone: (994 27) 40607
E-mail
: goycay@atropatena.az
4. Sheki Branch
Hyundai Avtosalonunun yani
Rasulzade Qesebesi
Sheki
Telephone: (994 177) 50382
E-Mail
: sheki@atropatena.az
5. Shirvan Branch
Heydar Aliyev Avenue 35
Shirvan
Telephone: (994 197) 51608
E-Mail
: shirvan@atropatena.az
6. Tovuz Branch
Mardan Musayev Street 23
Tovuz Rayunu
Telephone: (994 231) 56024
E-Mail
: tovuz@atropatena.az
7. Lankaran Branch
Lankaran Dairesi
Baki-Astara Magistralinin Ustul, Konserv
Kombinatının yanı
Lankaran
Telephone: (994 171) 40850
E-Mail
: lenkeran@atropatena.az
8. Mingachevir Branch
Tabriz Street
Mingachevir
Telephone: (994 2427) 48589
E-Mail: mingecevir@atropatena.az
9. Quba Branch
Sahil Street, Kohne DYP Idaresinin yani
Quba
Telephone: (994 169) 54030
E-mail
: quba@atropatena.az
You enquired on :
“ATROPATENA
CJSC”. Please note that this name applies to an English
translation of the subject’s name. Subject’s correct registered name is as per
heading.
The address given by you :
“Teymur Aliyev Street, 11, 1106 Baku” is incorrect. Please note that subject’s
correct administrative office address is as per heading.
The telephone and fax
numbers which you provided : "00 99 412 493 87 62, 00 99 412 440 86 95”
are incorrect. Please note that subject’s correct administrative office
telephone and fax numbers are as per heading.
Interviewed : Mushvig
Huseynov (Head of Foreign Relations Department)
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.79 |
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|
1 |
Rs.101.10 |
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Euro |
1 |
Rs.73.10 |
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AZN |
1 |
Rs.64.16 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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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.