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Report No. : |
313792 |
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Report Date : |
31.03.2015 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Nukus Street 85/1, Mirobad District, Tashkent |
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Country : |
Uzbekistan |
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Date of Incorporation : |
25.06.2014 |
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Com. Reg. No.: |
007081-03 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as importers and distributors of engine, hydraulic, compressor and motor oils. |
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No of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 |
In absence of financials, no credit limit could be recommended.
Marshal Standard OOO
Street :
Abdulla Qodiriy Street 78
Area :
Shayhantahur District
Town :
Tashkent
Country :
Uzbekistan
Telephone : (998 71) 150 4210 / Mobile (998 90) 984 2662
(Mr. Temur)
Fax : (998
71) 150 4210
E-Mail : ev.anna06@list.ru
Extended Name : Marshal Standard
Obshchestvo s Ogranichennoy Otvetstvennostyu
English
Translation : Marshal Standard LLC
Also known
as : Marshal Standard MChJ
Name Position
1. Shukhrat Talatovich Ibragimov
Managing Director
2. Anna Mikhaylovna Evteeva
Chief Accountant
3. Mr. Temur
Legal Adviser
Total Employees : 20
No trade experience of payments is available.
Subject is a newly established company incorporated on 25 June 2014.
Opinion on maximum credit : As
the subject has recently been
established and has no
financial or
payment track record, we
recommend
dealing on fully secured
terms.
Trade risk assessment : High
It is normal accepted practice for international suppliers to deal on
secured terms with Uzbekistani importers.
NAME : IPAK YULI OJSC
Branch : Mirabad Branch, Mirabad Street 25
Town : Tashkent
Telephone :
(998 71) 140 9909
Fax : (998 71) 140 9909
As the Subject has only recently started trading, relevant financial
information is not available.
Date Started : 25
June 2014
History : The
subject company was established in Uzbekistan on 25 June 2014.
C.R. No. :
007081-03
Tax No. :
INN 302988098
Statistics Code : OKPO
25210135
Activity Code :
OKONKh 71150
Capital :
not given
Obshchestvo s OgranichennoyOtvetstvennostyu (limited liability company)
with the following shareholders :
2 Uzbekistani national individuals 100%
* The exact shareholding structure was not disclosed.
The Company is involved in the following activities :
Trading as importers and distributors of engine, hydraulic, compressor
and motor oils.
NACE Code : 4690
Imports from Turkey and Belgium.
Subject does not export, all sales are domestic.
Distributors for Castrol.
The Company has the following facilities :
Rented premises comprising administrative offices located at the heading
address as well as 8 storage facilities located throughout Uzbekistan.
Nukus Street 85/1
Mirobad District
Tashkent
You enquired on: OOO MARSHAL STANDARD. Please note
that subject's correct name is as per heading.
The address provided by you: NUKUS 85/1,
TASZKIENT is misspelt and applies to subject’s registered address. Please note
that subject's administrative office address is as per heading.
Interviewed: Anna Mikhaylovna Evteeva (Chief Accountant).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 62.63 |
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1 |
Rs. 92.94 |
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Euro |
1 |
Rs. 68.06 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
DPT |
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 |
-- |
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.