MIRA INFORM REPORT

 

 

Report No. :

329915

Report Date :

11.07.2015

 

IDENTIFICATION DETAILS

 

Name :

KARTER-AA MMC

 

 

Registered Office :

Alim Sebiyev Street 17, Flat 30, Qaradag District, Baku AZ1063

 

 

Country :

Azerbaijan

 

 

Date of Incorporation :

16.01.2009

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Trading as Importers and Wholesalers of Construction Materials Mainly Marble.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

 

Status :

Dormant

Payment Behaviour :

--

Litigation :

--

 

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

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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

 

COMPANY REPORT

 

CO. NAME :      KARTER-AA MMC

 

 

ADDRESS

 

Street   : Alim Sebiyev (Lokbatan) Street 17, Flat 30 

 

Area     : Qaradag District

 

Town     : Baku AZ1063

Country  : Azerbaijan

 

Telephone: (994 12) 545 1640 (residence of Vagif Mirza Oglu Aliyev) / Mobile (994 50) 510 3954 (Vagif Mirza Oglu Aliyev) / (994 50) 511 4501 (unobtainable)

 

English Translation : Karter-AA Ltd

 

Also known as : Karter-AA Mehdud Mesuliyyetli Cemiyyeti

 

 

SENIOR COMPANY PERSONNEL

 

  Name                                                 Position

 

1. Vagif Mirza Oglu Aliyev                      Managing Director

 

2. Mr. Hikmat                                          Director

 

Total Employees : 15 (when in operations)

 

 

PAYMENTS

 

Current trade experience of payments has not been traced.   

 

Subject was established on 16 January 2009 and ceased trading and became dormant in 2015.

 

Opinion on maximum credit : As the subject has ceased trading and  therefore the question of international                                credit should not arise.                                                                    

 

Trade risk assessment : No classification (see above comments)

 

It is normal accepted practice for international suppliers to deal on secured terms with Azerbaijani importers.

 

PRINCIPAL BANKERS

 

NAME               : KAPITAL BANK

Branch              : Fizuli Street 71

Town                : Baku AZ1014

Telephone         : (994 12) 493 5041

Fax                    : (994 12) 493 7905

 

 

FINANCIAL INFORMATION

 

As the Company has ceased trading, relevant financial information is

not available.

 

 

LEGAL STATUS AND HISTORY

 

Date Started : 16 January 2009

 

History : The subject company was established in Azerbaijan on 16 January 2009 and ceased trading in 2015.

 

Tax No.: VOEN 1100466081

 

Authorised Capital : NEW MANAT 10

 

Paid-Up Capital : NEW MANAT 10

 

Mehdud Mesuliyyetli Cemiyyeti (limited liability company) with the following sole shareholder:

 

Vagif Mirza Oglu Aliyev                            100%

 

 

ACTIVITIES

 

The Company was involved in the following activities :

 

Dormant company.

 

Trading as importers and wholesalers of construction materials mainly marble.

 

NACE Code : 4673

 

Imports from Iran, Turkey, India and China.

 

Subject does not export, all sales are domestic.

 

Subject was closely cooperating with :

 

1. Meteorit MMC (Marble House)

   Bakixanov Ştq, Samadbay Mehmandarov Street 12,Flat 12

   Sabunchi District

   Baku AZ1040

   Telephone: (994 12) 489 8533 / Mobile (994 50) 211 1002 (Adalat

   Rahman Oglu Zamanov)

   Managing Director: Adalat Rahman Oglu Zamanov

   Est.: 27 October 2010

   Tax No.: VOEN 1801236911

   Capital: NEW MANAT 10

   Sole Shareholder: Adalat Rahman Oglu Zamanov

   (wholesalers of marble)

 

2. Ilqar Servis MMC

   Alim Shabiyev Street 17, Flat 30

   Lokbatan STQ, Qaradag District

   Baku AZ1063

   Telephone: (994 12) 545 1640 / 545 1347 / (994 50) 303 1164

   Managing Director : Sabuhi Vaqif Oglu Aliyev

   Est.: 31 March 2009

   Tax No.: VOEN 1100483071 

   Capital : NEW MANAT 10

   Sole shareholder: Sabuhi Vaqif Oglu Aliyev

 

3. Okean Servis MMC

   Alim Sebiyev Street 17, Flat 30 

   Lokbatan Stq, Qaradag District  

   Baku AZ1063 

   Telephone: (994 12) 545 1640 / 545 1347 / (994 50) 303 1164

   Managing Director : Sabuhi Vaqif Oglu Aliyev

   Est.: 31 March 2009

   Tax No. : VOEN 1100482561

   Capital : NEW MANAT 10

   Sole shareholder : Sabuhi Vaqif Oglu Aliyev

 

4. Sistem Insaat MMC

   Azadliq Avenue 34, Flat 20

   Binagadi District

   Baku AZ1010

   Telephone: (994 12) 440 1538 / Mobile (994 50) 359 3665 / (994 50)

   510 3954

   Managing Director : Tahir Sabir Oglu Alekberov

   Est.: 6 December 2012

   Tax No.: VOEN 1002759951

   Capital : NEW MANAT 10

 

5. Natiq Asadov ChP

   Mobile: (994 55) 353 5333 (Natiq Asadov)

   E-mail: asadovnatig.05@gmail.com

FACILITIES

 

The Company has the following facilities :

 

Administrative offices located at the heading address.

 

 

REGISTERED OFFICE

 

Alim Sebiyev Street 17, Flat 30 

Qaradag District

Baku AZ1063

 

 

SPECIAL NOTE

 

The telephone numbers given by you: 994124898533 / 994502111002 applies to subject’s partner Meteorit MMC (Marble House). Please note that subject's correct telephone numbers are as per heading.

 

As per your special query: Important To Be Confirmed : PLEASE SPECIFICALLY CONFIRM BUYER HAS GONE BANCRUPT OR NOT.

 

Please be advised that subject has ceased trading and became dormant in 2015 as per interviewee. 

 

Interviewed: Vagif Mirza Oglu Aliyev (Managing Director).

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.38

UK Pound

1

Rs.97.65

Euro

1

Rs.70.43

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

TPT

 

               

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

 

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

 

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

 

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

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

 

--

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.