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Report No. : |
356675 |
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Report Date : |
28.12.2015 |
IDENTIFICATION DETAILS
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Name : |
NAMIG MIRZOSHURAFOVICH
HAKIMOV CHP |
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Registered Office : |
R. Ismayilov Street 9,
Flat No. 1, Binagadi 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 : |
27.09.2006 |
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Legal Form : |
Proprietorship |
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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 Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
NEW MANAT 60,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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) |
|
Azerbaijan |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
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 : NAMIG MIRZOSHURAFOVICH HAKIMOV CHP
(CORRECT)
CP
HAKIMOV NAMIG MIRZOSHURAFOVICH (REQUESTED)
Street : R.
Ismayilov Street 9, Flat No. 1
Area : Binagadi
District
Town : Baku
Country : Azerbaijan
Telephone: (994
12) 514 1946 (Financial Manager) / 490 4209 / 566 2922 ext. 108 (Financial
Manager) / 496 4747 / Mobiles (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
/ immarka@gmail.com
Extended Name : Namig Mirzoshurafovich Hakimov Chastniy
Predprinimatel
English Translation
: Namig Mirzoshurafovich Hakimov
Private Entrepreneur
Also Known As : Namik Mirzoshurafovich Hakimov ChP /
Namig Mirzoshurafovich Hakimov Hacioglu
Firmasi
Name Position
1. Namig
Mirzoshurafovich Hakimov General Manager /
Owner
2. Elshad
Bayramov Financial Manager
Total Employees : 5
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 60,000
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
Subject also has an account with the following banks :
1. International
Bank of Azerbaijan
Nizami Avenue 67
Baku
Telephone: (994 12) 498 1053 / 493 1842
Fax
: (994 12) 493 4091 / 498 1158
2. 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
3. Bank Technique
OJSC
M. K. Ataturk Avenue, 1107-Block, Narimanov
District
Baku AZ1069
Telephone: (994 12) 447 7744
Fax
: (994 12) 447 7744
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 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
: NOT GIVEN - 2013
: NEW MANAT 3,000,000 - 2014 – exact *
: NEW MANAT 3,000,000 - 2015 – projected
Net Profit : not given but stated to be profitable
* Increase in sales turnover in 2014 was due to favourable market conditions.
Financial year ends
31 December.
The following Balance sheets as
at 1 October 2012 applies to Universal
Makina MMC (latest available):
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
INCOME STATEMENT
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 : 27
September 2006
History : Subject was established in Azerbaijan on 27 September 2006.
Tax No. : VOEN
1000957452
Capital : not
applicable
Ferde Muessesesi
(proprietorship) owned by Namig Mirzoshurafovich Hakimov (resides at : R.
Ismayilov Street 9, Flat No. 1, Binagadi District, Baku / date of birth
26/07/1968 / Azerbaijani national / Personal No.: AZE 02123655).
Affiliated companies
of Namig Mirzoshurafovich Hakimov ChP :
Associates
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
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. Suleyman Sahib
Oglu Ismayilzade ChP
N. Ismayilov Street 6, Flat No. 45
Qarachukhur Qesebesi
Baku
Tax No. : VOEN 1901011522
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 Codes : 4613 /
4669
Imports from Italy,
Turkey, UAE, Germany, China, Czech Republic, Poland and France.
Subject does not
export, all sales are domestic.
The Company has the
following facilities :
Owned premises comprising
administrative offices and a storage facilities located at the heading address
as well as showroom located at Niyazova Street 20/75, Baku.
R. Ismayilov Street
9, Flat No. 1
Binagadi District
Baku
Azerbaijan
You enquired on :
“CP HAKIMOV NAMIG MIRZOSHURAFOVICH”. Please note that the correct name is as
per heading.
Interviewed : Elshad
Bayramov (Financial Manager).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.20 |
|
|
1 |
Rs.98.30 |
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Euro |
1 |
Rs.72.41 |
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NEW MANAT |
1 |
Rs.42.57 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
TRI |
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|
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Report Prepared
by : |
TPT |
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.