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Report No. : |
323631 |
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Report Date : |
30.05.2015 |
IDENTIFICATION DETAILS
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Name : |
SHAYANA FARM LLC |
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Registered Office : |
Usta Shirin Street 117, Olmazar District, Tashkent
100057 |
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Country : |
Uzbekistan |
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Date of Incorporation : |
28.10.2002 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is importers and distributors of
pharmaceutical goods |
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No. of Employee : |
50 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
SHAYANA FARM OOO (Correct)
SHAYANA FARM
LLC (Requested)
Street : Usta
Shirin Street 117
Area : Olmazar
District
Town : Tashkent
100057
Country : Uzbekistan
Telephone : (998
71) 228 1982 / 228 1692 / 228 1693
Fax : (998
71) 228 1692
E-Mail : irina-2-nik@mail.ru
Website :
www.shayanafarm.uz
Extended Name : Shayana Farm Obshchestvo s Ogranichennoy Otvetstvennostyu
English Translation : SHAYANA FARM LLC
Also known as : Shayana Farm MChJ
Name Position
1. Ashok Tivari
Kumar Managing Director
2. Irina
Viktorovna Sakerina Chief Accountant
Total Employees :
50
No complaints have
been heard regarding payments from local suppliers or banks.
We consider it is
acceptable to deal with subject for MEDIUM amounts,
although it is
normal accepted practice for international suppliers to deal on secured terms
with Uzbekistani importers.
Trade risk
assessment: Normal
NAME : NATIONAL BANK OF
UZBEKISTAN
Branch : Amir Temur Street
101
Town : Tashkent 100000
Telephone: (998
71) 137 6345
Fax : (998 71) 137
6345
MFO : 00451
Subject previously
had bank account with Asaka Bank.
Private companies
in Uzbekistan are not required to publish or disclose balance sheets. However,
the subject interviewed offered
the following information
:
Sales
Turnover : SUM 27,000,000,000 - 2013 - exact
: SUM
38,000,000,000 - 2014 - exact
: SUM
10,000,000,000 – 2015 – exact *
Net Profit : but stated to be 3% of the sales
turnover
* 3 months results
(January – March).
Financial year
ends 31 December.
Date Started : 28
October 2002
History : The
subject company was established in Uzbekistan on 28 October 2002.
C.R. No. :
1214
Tax No.: INN
204233778
Statistics
Code : OKPO 18718643
Activity Code : OKONKh 71150
Authorised Capital
: SUM 28,000,000
Paid-Up Capital :
SUM 28,000,000
Obshchestvo s OgranichennoyOtvetstvennostyu (limited liability company) with
the following shareholders :
Shareholders Percentage
1. Ashok Tivari Kumar 98%
(Indian national)
2. Rashid Abdullayevich Akhmedov 1%
(Uzbekistani national)
3. Gayrat Kushkarovich Tashkhanov 1%
The Company is
involved in the following activities :
Trading as
importers and distributors of pharmaceutical goods.
NACE Code: 4646
Imports from
India.
Subject does not
export, all sales are domestic.
The Company has
the following facilities :
Rented premises
comprising administrative offices and storage facilities located at the heading
address
Subject previously
was located at :
Dzhami Street 6
Tashkent 100057
Usta Shirin Street
117
Olmazar District
Tashkent 100057
You enquired on: SHAYANA
FARM LLC. Please note that this
name applies to an English translation of the subject’s name. Subject’s correct
registered name is as per heading.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
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|
1 |
Rs.97.80 |
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Euro |
1 |
Rs.69.91 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ASH |
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.