MIRA INFORM REPORT
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Report No. : |
330864 |
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Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
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Name : |
RASHAD BAHLUL OGLU ABBASOV IP |
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Registered Office : |
Yeni Yasamal
Street 1, Building 6, Flat 174, Yasamal District, Baku AZ1012 |
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Country : |
Azerbaijan |
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Date of Incorporation : |
03.08.2006 |
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Legal Form : |
Individual Entrepreneur |
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Line of Business : |
Trading as
Importers and Distributors of Pet Food and Accessories. |
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No. of Employees : |
27 |
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 Limit : |
NEW MANAT 20,000 |
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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
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 |
COmpany NAME
RASHAD
BAHLUL OGLU ABBASOV IP (Correct)
RASHAD ABBASOV (Requested)
ADDRESS
Street : Heydar Aliyev Avenue 92
Town : Baku
Country : Azerbaijan
Telephone : (994 12) 567 3793 / Mobile (994 50) 344
8818 / (994 55) 857 8888 (Mikhail Kheyrutdinov)
Fax : (994 12) 567 3793
E-Mail
: info@animal.az
Website
: www.animal.az
Extended Name
: Rashad Bahlul Oglu
Abbasov Individualniy Predprinimatel
English Translation : Rashad Bahlul Oglu Abbasov Individual
Entrepreneur
SENIOR
COMPANY PERSONNEL
Name Position
1. Rashad Bahlul
Oglu Abbasov General Manager / Owner
2. Mikhail
Kheyrutdinov Assistant General Manager
Total Employees: 27
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, although it is normal
accepted practice for international suppliers to deal on secured terms with
Azerbaijani importers.
Opinion on
maximum credit : NEW MANAT 20,000
Trade risk
assessment: Normal
PRINCIPAL BANKER
NAME
: KAPITAL BANK OJSC
Branch
: Fizuli Street 71
Town
: Baku AZ1014
Telephone :
(994 12) 493 5041
Fax
: (994 12) 493 7905
FINANCIAL INFORMATION
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 767,357 - 2013 - exact
: NEW MANAT
913,150 - 2014 - exact
: NEW MANAT
426,575 - 2015 – exact *
Net Profit : NEW MANAT 153,471 - 2013 - exact
: NEW MANAT
173,498 - 2014 - exact
Total Value of
Stock Held : NEW MANAT 748,346.60 (as of 1 July 2015)
* 6 months results
(January - June).
Financial year
ends 31 December.
LEGAL STATUS AND HISTORY
Date Started : 3
August 2006
History : The
subject company was established in Azerbaijan on 3 August 2006.
Tax No.: VOEN
1301068072
Capital : not
applicable
Individualniy Predprinimatel (Individual
Entrepreneur) owned by Rashad Bahlul Oglu Abbasov.
Affiliated
companies of the subject company :
Associate
Universal-RA
MMC
Yeni Yasamal
Street 1, Building 6, Flat 174
Yasamal District
Baku AZ1012
Managing Director:
Rashad Bahlul Oglu Abbasov
Est.: 24 December
2007
Tax No.: VOEN
Capital: NEW MANAT
20
ACTIVITIES
The Company is
involved in the following activities :
Trading as importers
and distributors of pet food and accessories.
NACE Code: 4690
Imports from
Germany, USA, Italy, Poland, Ukraine, Russia and China.
Subject does not
export, all sales are domestic.
FACILITIES
The Company has
the following facilities :
Rented premises (1,300 sq. m.) comprising administrative
offices and storage facilities located at the heading address as
well as branch office located elsewhere in Baku (see 'Branch Offices' below).
REGISTERED OFFICE
Yeni Yasamal
Street 1, Building 6, Flat 174
Yasamal District
Baku AZ1012
BRANCH OFFICES
TC “Taza Bazar”
Azadliq Avenue 97C
SPECIAL NOTE
You enquired on: RASHAD
ABBASOV. Please note that the
correct name is as per heading.
The address provided by you: YENI YASAMAL 1 6/174 AZ1012 BAKU applies to subject's registered office address. Please note that
subject's administrative office address is as per heading.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.49 |
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1 |
Rs.99.43 |
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Euro |
1 |
Rs.69.14 |
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.