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Report No. : |
318441 |
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Report Date : |
19.05.2015 |
IDENTIFICATION DETAILS
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Name : |
SOHIB OMAD BARAKASI OOO |
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Formerly Known As : |
SOHIB OMAD BARAKASI OBSHCHESTVA S OGRANICHENNOY OTVETSTVENNOSTYU |
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Registered Office : |
At-Termiziy Street 1 Tashkurgan
Mahalle, Kurgontepa Andizhanskaya
Oblast |
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Country : |
Uzbekistan |
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Date of Incorporation : |
2012 (not confirmed) |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
General trading company. [Note: We tried to confirm
/ obtain the detailed activity but the same is not available from any
sources] |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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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 |
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; more than 60% of the population lives in densely populated rural communities. Export of natural gas, gold and cotton provides a significant share of foreign exchange earnings. Despite ongoing efforts to diversify crops, Uzbekistani agriculture remains largely centered around cotton; Uzbekistan is now the world's fifth largest cotton exporter and sixth largest producer. The country is beginning to enforce a ban on the use of child labor in its cotton harvest and is trying to address international criticism for its previous use of this practice. 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. A sharp increase in the inequality of income distribution has hurt the lower ranks of society since independence. While aware of the need to improve the investment climate, the government continues to intervene in the business sector and has not addressed the impediments to foreign investment in the country. 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. Diminishing foreign investment and difficulties transporting goods across borders further challenge Uzbekistan’s economy though it recently has intensified economic ties to Beijing. Tashkent began exporting natural gas to China and Chinese investments in the country have substantially increased.
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Source
: CIA |
SOHIB OMAD
BARAKASI OOO (CORRECT)
SOHIB OMAD BARAKASI LLC (REQUESTED)
Street : At-Termiziy Street 1
Area : Tashkurgan Mahalle
Town : Kurgontepa
Province : Andizhanskaya Oblast
Country : Uzbekistan
English Translation : Sohib Omad Barakasi Ltd
Also known as : Sohib Omad Barakasi Obshchestva s Ogranichennoy
Otvetstvennostyu / Sohib Omad Barakasi MChJ
Name Position
Sohibdzhon Ahmedov
Managing Director
Current trade experience of payments has not been traced.
Our sources could not contact the subject and obtain a direct interview.
No telephone numbers are listed for the subject in the local telephone
directory.
Information in this report was obtained from the third party sources
only.
Opinion on maximum credit : In view of the above we have insufficient
basis on which to speak for unsecured
credit
and recommend dealing on fully
secured terms for all transactions
pending fuller knowledge.
Trade risk assessment : No classification (see above comments)
It is normal accepted practice for international suppliers to deal on
secured terms with Uzbekistani importers.
Details of subject's bankers could not be learnt.
Balance sheets are not available and no financial information could
be obtained from third party sources.
Date Started : 2012 (not confirmed)
Tax No.: INN 301934854
Statistic Code: OKPO 23618398
Capital : not given
Obshchestvo s Ogranichennoy Otvetstvennostyu (limited liability
company)with the following shareholders :
Details of shareholders could not be obtained at present.
The Company is involved in the following activities :
Registered activity: General trading company.
NACE Code: 4690
The Company has the following facilities :
Registered office is as per heading.
At-Termiziy Street 1
Tashkurgan Mahalle,
Kurgontepa
Andizhanskaya Oblast
You enquired on: Sohib Omad Barakasi LLC. Please note that the correct
name is as per heading.
Interviewed: Third party sources.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.63.55 |
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|
1 |
Rs.99.86 |
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Euro |
1 |
Rs.72.67 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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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 |
-- |
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.