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Report No. : |
333000 |
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Report Date : |
29.07.2015 |
IDENTIFICATION DETAILS
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Name : |
ABC-TELECOM MMC |
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Registered Office : |
Hanifa Alasgarov
Street 20, Flat 17, Nasimi District, Baku AZ1007 |
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Country : |
Azerbaijan |
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Date of Incorporation : |
11.10.2006 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is trading as importers, wholesalers and retailers of mobiles
and Azercell mobile cards. |
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No. of Employee : |
300 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
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 |
|
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 |
ABC-TELECOM MMC (Correct)
ABC TELECOM LLC (Requested)
Street :
Sh. Mehdiyev Street 138
Area :
Yasamalskiy District
Town :
Baku AZ1141
Country :
Azerbaijan
Telephone :
(994 12) 437 2262 / 533 0101 (Marketing Department) / Mobile (994 50) 225 6676
Fax :
(994 12) 437 2262
E-Mail :
n.azimova@abc-telecom.az
Website :
www.kontakt.az
Trading Style :
Kontakt
Extended Name : ABC-Telecom Mehdud Mesuliyyetli Camiyyeti
English Translation : ABC-Telecom LLC
Name Position
1. Elnur Marat
Oglu Allakhverdiyev Managing Director
2. Nigyar
Azimova Chief
Accountant
Total Employees : 300
No complaints have
been heard regarding payments from local suppliers or banks.
We consider it is
acceptable to deal with subject for MEDIUM 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 100,000 (higher amounts may be considered
with full fiscal disclosure)
It is normal
accepted practice for international suppliers to deal on secured terms with
Azerbaijani importers.
WITH RESPECT TO
ABC-TELECOM INITIATED INVESTIGATION INTO THE ARTIFICIAL PRICE
5 March 2015
(www.1news.az) : The specialists of the State Service for Antimonopoly Policy
and Consumer Protection under the Ministry of Economy and Industry (MEI) of
Azerbaijan discovered the facts of groundless increase of ABC-Telecom Ltd.
prices for home appliances and mobile phones. According to the ministry, the
facts revealed during the inspections carried out in the stores ABC-Telecom on
the basis of consumer complaints. "Recently, the State Service received a
lot of citizens, which indicated an artificial inflating LLC ABC-Telecom prices
of household appliances," - the report says. In connection with the abuses
in relation to company ABC-Telecom prosecuted for violation of antitrust laws.
It should be noted that the Ministry, in particular, its subordinate State
Service for Antimonopoly Policy and Consumer Protection, is continuing its
intensive control measures in the consumer market in order to prevent possible
abuses of the situation and artificial overpricing business entities [as a
result of exchange rate of manat]. State Service warns that in respect of
business entities that have committed an artificial increase in prices will be
taken legal measures. In the case of goods in shops that are offered at higher
prices, consumers should contact T The telephone help center "195-2"
MEP. You can also call the State Service for Antimonopoly Policy and Consumer
Protection under numbers: (99412) 498-15-01 and 498-15-04. It should be noted
that the Board of Directors of the Central Bank of Azerbaijan (CBA) on February
21, 2015 the official exchange rate on February 21, 2015 has been set at 1.05
manat . The report, released by the Central Bank, said that this decision was
taken in order to further stimulate the diversification of the national
economy, increasing its competitiveness and export potential, and to ensure
strategic stability of the international balance of payments and the country's
solvency.
NAME : YAPIKREDI BANK AZERBAIJAN CJSC
Branch :
Nasimi District, 678, C. Mammadguluzadeh Street 73 G
Town :
Baku AZ1078
Telephone : (994 12) 497 7795
Fax :
(994 12) 497 0276
The company also
has an account with :
Unibank
R.Behbudov Street
55
Baku AZ1022
Telephone: (994
12) 541 3333
Fax : (994 12) 498 0953
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.
Date Started : 11
October 2006
History : The
subject company was established in Azerbaijan on 11 October 2006.
Tax No.: VOEN
1401005061
Authorised Capital
: NEW MANAT 20
Paid-Up Capital :
NEW MANAT 20
Mehdud Mesuliyyetli Cemiyyeti (limited liability
company) with the following sole shareholder:
Ibragim Bakhtiyar Oglu Suleymanly 100%
The Company is
involved in the following activities :
Trading as
importers, wholesalers and retailers of mobiles and Azercell mobile cards.
NACE Code: 4690
Imports from
Europe.
Subject does not
export, all sales are domestic.
The Company has
the following facilities :
Owned office
premises and storage facilities located at the heading address as well as 16
retail outlets styled “Kontakt” located throughout Azerbaijan.
Hanifa Alasgarov
Street 20, Flat 17
Nasimi District
Baku AZ1007
You enquired on: ABC
TELECOM LLC. Please note that the
correct name is as per heading.
Interviewed:
Nigyar Azimova (Chief Accountant). Subject's senior officials (Managing
Director) is currently away on a prolonged holiday, in his absence staff is not
authorized to divulge any financial information.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.03 |
|
|
1 |
Rs.99.72 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ASH |
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 |
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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 |
|
-- |
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.