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Report No. : |
329427 |
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Report Date : |
10.07.2015 |
IDENTIFICATION DETAILS
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Name : |
ATL ELECTRONICS MMC |
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Registered Office : |
Ismayilbay Gutgashinli Avenue 50, 24, Yasamal District, Baku AZ1073 |
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Country : |
Azerbaijan |
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Date of Incorporation : |
29.02.2012 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as Importers and Retailers of Household Appliances and
Electronic Devices. |
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No. of Employees : |
54 (Subject)/ 108 (Group) |
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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Maximum Credit Limits : |
NEW MANAT 100,000 |
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Status : |
Moderate |
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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
|
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.
|
Source
: CIA |
CO. NAME :
ATL Electronics MMC
ADDRESS
Street : Bulbul Avenue 30A
Area : Nasimi District
Town : Baku AZ1014
Country : Azerbaijan
Telephone : (994 12) 493
9052 / 493 9053 / 493 9054 / Mobile (994 55) 636 3030 / (994 55) 511 9591
Fax : (994 12) 493 9052
E-Mail : info@sharphome.az / rauf.ismayilov@rambler.ru
Website : www.sharphome.az
Trading Style : SHARP
Electronics
English Translation : ATL Electronics Ltd
Also known as : ATL Electronics
Mehdud Mesuliyyetli Cemiyyeti
Name Position
1. Rashad Rafael Oglu Mirzayev Managing Director
2. Rauf Ismayilov Chief Accountant
Total Employees : 54 (subject)/ 108 (group)
No complaints have
been heard regarding payments from local suppliers or banks.
Subject is a
member of ATL Group of Companies, which offers a wide range of activities,
which includes information technology business consulting and audit services,
the sales of electrical products, car rental, construction, logistics, etc.
We consider it is
acceptable to deal with subject for MEDIUM amounts, although it is normal
accepted practice for international suppliers to deal on secured terms with
Kazakhstani importers.
Opinion on
maximum credit : NEW MANAT
100,000
Trade risk
assessment: Normal
NAME : AFB BANK JSC
Branch : Gutgashinli Street 112
Town : Baku AZ1073
Telephone: (994 12) 565 6565
Fax : (994 12) 565 6567
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 5,000,000 - 2014 - approx
Net Profit : not given
Financial year ends 31 December.
Date Started : 29 February 2012
History : The subject
company was established in Azerbaijan 29 February 2012 and started trading
in
June 2012.
Tax No .: VOEN
1302809291
Authorised Capital : NEW MANAT 80
Paid-Up Capital : NEW MANAT 80
Mehdud Mesuliyyetli Cemiyyeti (limited liability company) with the
following sole shareholder:
Rashad Rafael Oglu Mirzayev 100%
(Azerbaijani national)
Affiliated companies of ATL Electronics MMC :
Associates
1. ATL Consulting
MMC
Baku
2. ATL Rent a Car
MMC
Baku
3. ATL Info Tech MMC
Baku
4. ATL Engineering MMC
Baku
5. ATL Audit MMC
Baku
The Company is involved in the following activities :
Trading as importers and retailers of household appliances and
electronic devices.
NACE Code : 4754
Imports from Turkey, UAE (Dubai), Georgia and Poland.
Export to Georgia.
Subject is agent for SHARP, HP, HUAWEI and SYSCON.
The Company has the following facilities :
Rented premises comprising administrative offices, a showroom and
storage facilities located at the heading address as well as a showroom located
elsewhere in Ganja (see 'Branch Offices' below).
Subject is planning to open 2 showrooms in Baku by 2015.
Ismayilbay Gutgashinli Avenue 50, 24
Yasamal District
Baku AZ1073
Heydar Aliyev Avenue 101A
Ganja
Telephone: (994 22) 256 5088
Fax : (994 22) 256 5482
The telephone number which you provided: 99 41 24971227 is incorrect.
Please note that subject’s correct administrative office telephones numbers are
as per heading.
Interviewed: Rauf Ismayilov (Chief Accountant).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.51 |
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|
1 |
Rs.97.85 |
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Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
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.