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Report No. : |
344811 |
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Report Date : |
20.10.2015 |
IDENTIFICATION DETAILS
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Name : |
ZEAL STANDART TRADE OOO |
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Registered Office : |
Massive 17,
Building 12A, Yunusabad District, Tashkent 100206 |
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Country : |
Uzbekistan |
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Date of Incorporation : |
18.11.2014 |
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Com. Reg. No.: |
009577-10 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as
importers and distributors of building materials and foodstuff. |
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No. of Employees : |
7 |
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 Business |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 |
In absence of financials, no credit limit could be recommended.
ZEAL
STANDART TRADE OOO (CORRECT)
OOO ZEAL STANDART TRADE (REQUESTED)
Street : Massive 17, Building 12A
Area : Yunusabad District
Town : Tashkent 100206
Country : Uzbekistan
Telephone : (998 71) 150 2333 / Mobile (998 90) 350
4004 (Sanzhar
Fatakhov) / (998
90) 121 4947
Fax : (998 71) 150 2333
E-Mail
: zealstandart@gmail.com / sanjex81@mail.ru
Extended Name
: Zeal Standart Trade Obshchestvo s Ogranichennoy Otvetstvennostyu
English Translation : Zeal Standart Trade LLC
Also known as : Zeal Standart Trade MChJ
Name Position
1. Dilshod
Sadikovich Agzamov Managing Director
2. Sanzhar
Fatakhov Foreign Relations Officer
Total Employees :
7
No trade
experience of payments is available.
Subject is a newly
established company incorporated in November 2014.
Opinion on maximum
credit : As the company has recently commenced trading and has no financial or
payment track record, we recommend dealing on fully secured terms
Trade risk
assessment : High (see above comments) __
NAME :
KAPITALBANK JSC
Branch : Matbuotchilar Street 32
Town :
Tashkent 100029
Telephone : (998 71) 113 0131
Fax :
(998 71) 113 0131
As the Subject has
only recently commenced trading, relevant financial information is not
available.
Date Started : 18
November 2014
History : The
subject company was established in Uzbekistan in November 2014.
C.R. No. :
009577-10
Tax No.: 303092826
Statistics Code:
OKPO 25319346
Activity Code: OKONKh 71150
Authorised Capital
: US DLRS 100,000
Paid-Up Capital :
US DLRS 100,000
Obshchestvo s OgranichennoyOtvetstvennostyu (limited liability company)
with the following sole shareholder :
Dilshod Sadikovich
Agzamov 100%
The Company is
involved in the following activities :
Trading as
importers and distributors of building materials and foodstuff.
NACE Code: 4690
Imports from
Spain, Poland, Germany, CIS countries, Russia and China.
Subject does not
export, all sales are domestic.
The Company has
the following facilities :
Rented premises
comprising administrative offices located at the heading address.
Massive 17,
Building 12A
Yunusabad District
Tashkent 100206
You enquired on: OOO
ZEAL STANDART TRADE. Please note that the
correct name is as per heading
Interviewed:
Sanzhar Fatakhov (Foreign Relations Officer).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.82 |
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1 |
Rs.100.12 |
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Euro |
1 |
Rs.73.75 |
INFORMATION DETAILS
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Analysis Done by
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HEE |
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Report Prepared
by : |
NIT |
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.