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Report No. : |
356186 |
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Report Date : |
28.12.2015 |
IDENTIFICATION DETAILS
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Name : |
RR AQRO MMC |
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Registered Office : |
Ali Ashraf Alizade Street 48C Narimanov District Baku AZ1008 |
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Country : |
Azerbaijan |
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Date of Incorporation : |
15.03.2013 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as importers, wholesalers and
retailers of vegetables and foodstuff. |
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No. of Employee : |
25 |
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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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) |
|
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 : RR
Aqro MMC (Correct)
PR
AQRO LLC (Requested)
ADDRESS
Street : Ali Ashraf Alizade Street 48C
Area : Narimanov District
Town
: Baku AZ1008
Country :
Azerbaijan
Mobile :
(994 50) 369 3704 (Akbar Musa Oglu Mammadov) / (994 77)
556
1401 (Mrs. Tarana) (unobtainable)
Extended Name : RR Aqro Mehdud Mesuliyyetli Camiyyeti
English Translation : RR Aqro LLC
SENIOR COMPANY PERSONNEL
Name Position
1. Akbar Musa Oglu Mammadov Managing
Director
2. Mrs. Tarana Chief
Accountant
Total Employees : 25
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,
however in view of the lack of
financial information we recommend international suppliers exercise a degree of
caution.
Opinion on maximum credit : NEW MANAT
10,000 (higher amounts may be
considered with
full fiscal disclosure)
Trade risk assessment: Normal
It is normal accepted practice for international
suppliers to deal on secured terms with Azerbaijani importers.
PRINCIPAL BANKERS
NAME :
VTB BANK OJSC
Branch
: Khatai Avenue 38
Town
: Baku AZ1008
Telephone : (994 12) 492 0080
Fax
: (994 12) 437 7121
The company also has an account with :
National Bank of Pakistan
Nobel Avenue 9A
Baku
Telephone: (994 12) 464 3052
Fax : (994 12) 464 3053
FINANCIAL INFORMATION
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.
LEGAL STATUS AND HISTORY
Date Started : 15 May 2013
History : The subject company
was established in Azerbaijan on 15 May 2013.
Tax No. : VOEN 1502317311
Authorised Capital : NEW MANAT 40
Paid-Up Capital : NEW MANAT 40
Mehdud Mesuliyyetli Cemiyyeti (limited
liability company) with the following sole shareholder:
Akbar Musa Oglu Mammadov 100%
ACTIVITIES
The Company is involved in the
following activities :
Trading as importers, wholesalers and
retailers of vegetables and foodstuff.
NACE Code: 4617
Imports from Europe, Turkey and
Russia.
Subject does not export, all sales are
domestic.
FACILITIES
The Company has the following
facilities :
Owned premises comprising
administrative offices located at the heading address as well as 20 retail
outlets located elsewhere in Baku.
Subject previously used the following
mobile number:
Mobile: (994 50) 270 3647 (Mr. Garay)
REGISTERED OFFICE
Ali Ashraf Alizade Street 48C
Narimanov District
Baku AZ1008
SPECIAL NOTES
You enquired on: PR AQRO LLC. Please
note that the correct name is as per heading.
Interviewed: Akbar Musa Oglu Mammadov
(Managing Director).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.20 |
|
|
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.41 |
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AZN |
1 |
Rs.42.52 |
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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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.