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Report No. : |
345290 |
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Report Date : |
24.10.2015 |
IDENTIFICATION DETAILS
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Name : |
NURAFSHON YULDUZ YOG’DUSI OOO |
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Registered Office : |
Istiqlol Street
5,Gizhduvan, Bukhara Region |
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Country : |
Uzbekistan |
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Date of Incorporation : |
05.02.2012 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers of
Matches. |
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No. of Employees : |
20 |
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 : |
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
|
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 |
NURAFSHON YULDUZ YOG’DUSI OOO (CORRECT)
NURAFSHONYULDUZYONG DUSI LLC (REQUESTED)
Street :
Istiqlol Street 5
Town :
Gizhduvan
Region :
Bukhara Region
Country :
Uzbekistan
Mobile :
(998 98) 774 2116 / (998 98) 274 1021 (Zhamshid
Mukhtarovich
Abdullaev) / (998 91) 977 3767 (Mr.Akil)
E-Mail
: azizinvest@mail.ru
Extended Name
: Nurafshon Yulduz
Yog’dusi Obshchestvo s Ogranichennoy Otvetstvennostyu
English Translation : Nurafshon Yulduz Yog’dusi LLC
Also known as : Nurafshon Yulduz
Yog’dusi MChJ
Name Position
1. Aziz
Safarov Managing Director
2. Mr.Akil Deputy
Managing Director
Total Employees : 20
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.
Trade risk
assessment: Normal
It is normal
accepted practice for international suppliers to deal on secured terms with
Uzbekistani importers.
NAME :
AGROBANK JSC
Branch : B.Naqshbandiy Street 3
Town : Gizhduvan
Telephone: (998
65) 572 1793
Fax : (998 65) 572 1793
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.
Date Started : 5
February 2012
History : The
subject company was established in Uzbekistan on 5 February 2012.
Tax No.: INN
302377225
Authorised Capital
: US DLRS 15,000
Paid-Up Capital :
US DLRS 15,000
Obshchestvo s Ogranichennoy Otvetstvennostyu (limited liability company)
with the following shareholders :
Shareholders
Percentage
1. Aziz
Safarov 50%
2. Zhamshid
Mukhtarovich Abdullaev 50%
The Company is involved
in the following activities :
Manufacturers of
matches.
NACE Code: 3299
Imports from
Russia.
Subject does not
export, all sales are domestic.
The Company has
the following facilities :
Administrative
offices, a manufacturing unit and storage facilities located at the heading
address.
Istiqlol Street 5
Gizhduvan
Bukhara Region
You enquired on: NURAFSHONYULDUZYONG
DUSI LLC. Please note that the
correct name is as per heading.
Interviewed: Zhamshid
Mukhtarovich Abdullaev (Shareholder).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.88 |
|
|
1 |
Rs.99.89 |
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Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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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.