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Report No. : |
330313 |
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Report Date : |
16.07.2015 |
IDENTIFICATION DETAILS
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Name : |
BAL TEKSTIL TOO |
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Registered Office : |
Quarter No. 264, Building No. 165 (frmly Lenger Highway 7), Ontustik
Special Economic Zone, Enbekshinskiy District Shymkent 160000 |
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Country : |
Kazakhstan
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Date of Incorporation : |
20.12.2011 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers of Carpets and Rugs. |
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No. of Employees : |
200 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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) |
|
Kazakhstan |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
KAZAKHSTAN - ECONOMIC OVERVIEW
Kazakhstan, geographically the largest of the former Soviet
republics, excluding Russia, possesses substantial fossil fuel reserves and
other minerals and metals, such as uranium, copper, and zinc. It also has a
large agricultural sector featuring livestock and grain. In 2002 Kazakhstan
became the first country in the former Soviet Union to receive an
investment-grade credit rating. Extractive industries have been and will
continue to be the engine of Kazakhstan's growth, although the country is
seriously pursuing diversification strategies. Kazakhstan is landlocked, with
restricted access to the high seas, Although its Caspian Sea ports, pipelines,
and rail lines carrying oil have been upgraded, civil aviation and roadways
continue to need attention. Supply and distribution of electricity can be
erratic because of regional dependencies, but the country is moving forward
with plans to improve reliability of electricity and gas supply to its
population. The government realizes that its economy suffers from an overreliance
on oil and extractive industries. Kazakhstan has embarked on an ambitious
diversification program, aimed at developing targeted sectors like transport,
pharmaceuticals, telecommunications, petrochemicals and food processing. In
2010 Kazakhstan joined the Belarus-Kazakhstan-Russia Customs Union in an effort
to boost foreign investment and improve trade relationships. The Customs Union
evolved into the Eurasian Economic Union in January 2015. During 2014,
Kazakhstan’s economy was hampered by Russia’s slowing economy, the weakening
ruble, falling oil prices, and problems at its Kashagan oil field. Kazakhstan
devalued its currency, the tenge, by 19% in February and in November the
government announced a stimulus package to cope with the economic challenges.
|
Source
: CIA |
CO. NAME : BAL TEKSTIL TOO
(CORRECT)
LLP BAL TEKSTIL (REQUESTED)
Street : Quarter No. 264,
Building No. 165 (frmly Lenger Highway 7)
Area : Ontustik Special Economic
Zone, Enbekshinskiy District
Town : Shymkent 160000
Country : Kazakhstan
Telephone : (7 7252) 921 444 / 249 259 / 249 254 / Mobile (7 701) 223
8607 / (7 701) 287 6777 / (7 701) 778 7233 (Chief Accountant)
Fax : (7 7252) 921 444
E-Mail : info@baltekstil.kz /
zhomartkz@hotmail.com
Website : www.baltekstil.kz
Extended Name : Bal Tekstil Tovarishchestvo s Ogranichennoy
Otvetstvennostyu
English Translation : Bal Tekstil LLP
Also known as : Bal Tekstil ZhShS
Name Position
1. Talgat Zhunisbekovich Iskhakhov
General Director
2. Kuan Bayanovich Iskakov
Commercial
Director
3. Zhomart Kerimsheev
Executive
Director
4. Slamkhan Egemberdiev
Chief Accountant
Total Employees: 200
No complaints have been heard regarding payments from local suppliers or
banks.
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.
Trade risk assessment: Normal
NAME : SBERBANK DB AO
Branch : Kaldayakova Street 28
Town : Almaty
Telephone: (7 727) 250 0060
Fax : (7 727) 250 0063
Acc. No. : KZ61914122203EU0000V
Acc. No. : KZ32914398493BC00255
Acc. No. : KZ64914840493BC00277
Acc. No. : KZ55914CC39893391430
Acc. No. : KZ28914122203RU00005
BIK : SABRKZKA
Tax No. : RNN 600900050984
The company also has an account with the following banks:
1. Kazakhstan-Ziraat International Bank DB AO
Askarova Street 38
Shymkent
Telephone: (7 7252) 568 223
Fax : (7 7252) 568 223
Acc. No. : KZ608853022038KHNC01
Acc. No. : KZ918853022036STJW00
BIK : KZIBKZKA (195801439)
Tax No. : RNN 600700148761 (582100288489)
2. Narodniy Bank Kazakhstan AO
Abay Street 109B
Almaty 050008
Telephone: (7 727) 259 0777
Fax : (7 727) 259 0271
Acc. No. :
KZ486010002105963843
BIK : HSBKKZKX
Tax No. : RNN 600200048129
Private companies in Kazakhstan are not required to publish or disclose
balance sheets. However, the subject interviewed offered the following
information :
Sales Turnover :
TENGE 2,273,000,000 - 2014 – exact
(Loss) : TENGE
(160,000,000)- 2014 – exact
Financial year ends 31 December.
The following financial information is obtained from the local tax
office file :
Total Taxes Paid : TENGE
185,600 - 2012 – exact
: TENGE
962,500 - 2013 – exact
: TENGE
110,621,500 - 2014 – exact
:
TENGE 99,980,100 – 2015 – exact *
* As of 7 July 2015.
Financial year ends 31 December.
Date Started :
20 December 2011
History : The subject
company was established in Kazakhstan on 20 December 2011 and commenced
production in October 2013.
C.R. No. :
279
Tax No. :
RNN 581100222111
Business Identification No. :
BIN 111240013497
Statistics No. :
OKPO 51328765
Authorised Capital
: TENGE 162,000
Paid-Up Capital : TENGE 162,000
Tovarishchestvo s Ogranichennoy Otvetstvennostyu (limited
liability company) with the following shareholders :
Percentage
1. Kartal Hali Tekstil Sanayi Ve Ticaret A.S. 50%
4. Organize Sanayi Bolgesi
Bashpınar
27000 Gaziantep
Turkey
Telephone: (90 342) 357 0100
Fax : (90 342) 357 0111
C.R. No. : 5260588162
2. Talgat Zhunisbekovich Iskhakhov 25%
(Kazakhstani national / RNN
600811186449 / IIN/BIN 680503300400
ID No.: 020023955, issued on 29
September 2006)
3. Bayan Zhunisbekovich Iskakov 25%
(Kazakhstani national / RNN
600810987233 / IIN/BIN 621028300470
ID No.: N09036550, issued on 18
October 2013)
The Company is involved in the following activities:
Manufacturers of Carpets and Rugs.
NACE Code: 1393
Imports from Turkey, Bangladesh, Russia, Uzbekistan, Russia, Germany,
China and Indonesia.
Subject does not export, all sales are domestic.
The Company has the following facilities :
6,000 sq. m. owned premises comprising administrative offices, a manufacturing
unit and storage facilities located at the heading address.
Quarter No. 264, Building No. 165 (frmly Lenger Highway 7)
Ontustik Special Economic Zone, Enbekshinskiy District Shymkent 160000
Until 24 September 2014 subject's registered was as follows:
Lenger Highway 7
Ontustik Special Economic Zone, Village Zhuldyz
Sayramskiy District 160800
Yuzhno-Kazakhstanskaya Oblast
You enquired on: LLP BAL TEKSTIL. 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 which you provided: SOUTH KAZAKHSTAN, LENGER, HIGHWAY was
renamed.
Interviewed: Slamkhan Egemberdiev (Chief Accountant).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.38 |
|
|
1 |
Rs.99.13 |
|
Euro |
1 |
Rs.69.69 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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.