MIRA INFORM REPORT
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Report No. : |
308265 |
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Report Date : |
02.03.2015 |
IDENTIFICATION DETAILS
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Name : |
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Formerly Known As : |
ZANDRA-TASHKENT MCHJ |
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Registered Office : |
Block TS-4 (Kashgar), Building 27A Yunusabad Ditrict Tashkent 100017 |
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Country : |
Uzbekistan |
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Date of Incorporation : |
29.10.2012 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as importers
and distributors of pharmaceutical products. |
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No. of Employee : |
15 |
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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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Uzbekistan |
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 |
UZBEKISTAN ECONOMIC OVERVIEW
Uzbekistan is a dry, landlocked country; 11% of the land is
intensely cultivated, in irrigated river valleys. More than 60% of the
population lives in densely populated rural communities. Export of
hydrocarbons, primarily natural gas, provides a significant share of FOREIGN EXCHANGE
earnings.
Other major export earners include gold and cotton. Despite ongoing efforts to
diversify crops, Uzbekistani agriculture remains largely centered around
cotton, although production has dropped by 35% since 1991. Uzbekistan is now
the world's fifth largest cotton exporter and sixth largest producer. The
country is addressing international criticism for the use of child labor in its
cotton harvest. Following independence in September 1991, the government sought
to prop up its Soviet-style command economy with subsidies and tight controls
on production and prices. While aware of the need to improve the investment
climate, the government still sponsors measures that often increase, not
decrease, its control over business decisions. A sharp increase in the
inequality of income distribution has hurt the lower ranks of society since
independence. In 2003, the government accepted Article VIII obligations under
the IMF, providing for full currency convertibility. However, strict currency
controls and tightening of borders have lessened the effects of convertibility
and have also led to some shortages that have further stifled economic
activity. The Central Bank often delays or restricts convertibility, especially
for consumer goods. Uzbekistan's growth has been driven primarily by state-led
investments and a favorable export environment. In the past Uzbekistani
authorities have accused US and other foreign companies operating in Uzbekistan
of violating Uzbekistani laws and have frozen and even seized their assets. At
the same time, the Uzbekistani Government has actively courted several major US
and international corporations, offering financing and tax advantages. A major
US automaker opened a powertrain manufacturing facility in Tashkent in November
2011, but there have been no sizable US investments since then. Diminishing
foreign investment and difficulties transporting goods across borders further
challenge the economy of Uzbekistan.
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Source
: CIA |
Company
name and address
Zandra-Tashkent
OOO (Correct)
ZANDRA TASHKENT
LLC (Requested)
ADDRESS
Street : Block TS-4 (Kashgar), Building 27A
Area : Yunusabad Ditrict
Town : Tashkent 100017
Country : Uzbekistan
Telephone
: (998 71) 235 6546 / 235 8348
Fax : (998 71) 235 8348
E-Mail : kate-31@mail.ru
Extended Name : Zandra-Tashkent Obshchestvo
s Ogranichennoy Otvetstvennostyu
English Translation : Zandra-Tashkent LLC
Also known as : Zandra-Tashkent MChJ
SENIOR
COMPANY PERSONNEL
Name Position
Ekaterina
Nikolaevna Managing Director
Total Employees : 15
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, however in view of the lack
of financial information we recommend international suppliers exercise a degree
of caution.
Opinion on maximum
credit : SUM 40,000,000 (higher amounts may be considered with full fiscal
disclosure)
Trade risk
assessment: Normal
It is normal
accepted practice for international suppliers to deal on secured terms with
Uzbekistani importers.
PRINCIPAL BANKERS
NAME : TRUST BANK POJSC
Branch : Navoi Street 7
Town : Tashkent 100011
Telephone : (998 71) 140 0088
Fax : (998 71) 244 7661
The company also
has an account with :
Kapital Bank OJSC
Sayilgoh Street 7
Tashkent
Telephone: (998
71) 200 1515
Fax : (998 71) 200 1616
FINANCIAL INFORMATION
Private companies
in Uzbekistan 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.
LEGAL STATUS AND HISTORY
Date Started : 29 October 2012
History : The subject company was
established in Uzbekistan on 29 October 2012.
Tax No. : INN 207158132
Capital : not given
Obshchestvo s OgranichennoyOtvetstvennostyu (limited liability company)
with the following shareholders :
Shareholders Percentage
1. Arun Menon 50%
(Indian national)
2. Anand Pandya 50%
(Indian national)
ACTIVITIES
The Company is involved in
the following activities :
Trading as importers and
distributors of pharmaceutical products.
NACE Code: 4646
Imports from India.
Subject does not export,
all sales are domestic.
FACILITIES
The Company has the
following facilities :
Administrative offices and
storage facilities located at the heading address.
REGISTERED OFFICE
Block TS-4 (Kashgar),
Building 27A
Yunusabad District
Tashkent 100017
SPECIAL NOTE
You enquired on: ZANDRA
TASHKENT LLC. Please note that the correct name is as per heading.
The address which you provided: 4/27 KASHGARSHET TASHKENT 100017 is misspelt. Please note that subject's administrative office address is as per heading.
Interviewed: Ekaterina
Nikolaevna (Managing Director).
Every effort is made to
ensure that the information given herein is
accurate, but no legal
responsibility is accepted for any error or omission in the text.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.79 |
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1 |
Rs.95.42 |
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Euro |
1 |
Rs.69.28 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
ANK |
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.