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Report No. : |
345404 |
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Report Date : |
24.10.2015 |
IDENTIFICATION DETAILS
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Name : |
SAF FARMA MMC |
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Registered Office : |
Basti Bagirova Street 14,
Office 12, Yasamal District , Baku AZ1022 |
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Country : |
Azerbaijan
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Date of Incorporation : |
07.08.2013 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as Importers,
Wholesalers and Retailers of Pharmaceuticals. |
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No. of Employees : |
100 |
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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Maximum Credit Limit : |
NEW MANAT 200,000 |
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Status : |
Moderate |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Azerbaijan |
B2 |
B2 |
|
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 |
AZERBAIJAN - ECONOMIC OVERVIEW
Azerbaijan's high economic growth has been attributable to large
and growing oil and gas exports, but some non-export sectors also featured
double-digit growth, including construction, banking, and real estate. Oil
exports through the Baku-Tbilisi-Ceyhan Pipeline, the Baku-Novorossiysk, and
the Baku-Supsa pipelines remain the main economic driver, but efforts to boost
Azerbaijan's gas production are underway. The eventual completion of the
geopolitically important Southern Gas Corridor between Azerbaijan and Europe
will open up another, albeit, smaller source of revenue from gas exports.
Azerbaijan has made only limited progress on instituting market-based economic
reforms. Pervasive public and private sector corruption and structural economic
inefficiencies remain a drag on long-term growth, particularly in non-energy
sectors. Several other obstacles impede Azerbaijan's economic progress,
including the need for stepped up foreign investment in the non-energy sector
and the continuing conflict with Armenia over the Nagorno-Karabakh region.
Trade with Russia and the other former Soviet republics is declining in
importance, while trade is building with Turkey and the nations of Europe.
Long-term prospects depend on world oil prices, Azerbaijan's ability to
negotiate export routes for its growing gas production, and its ability to use
its energy wealth to promote growth and spur employment in non-energy sectors
of the economy.
|
Source
: CIA |
CO. NAME : SAF FARMA MMC
(CORRECT)
SAF
FARMA LLC (REQUESTED)
Street : Basti
Bagirova Street 14, Office 12
Area : Yasamal
District
Town : Baku
AZ1022
Country : Azerbaijan
Telephone : (994
12) 594 4688 (Irada Bekhbudova) / Mobile (994 55)
201
1184 (Azer Ibrahim Oglu Khudiyev)
Fax : (994
12) 594 4688
E-Mail : irada-bexbudova@mail.ru
/ azer.xudiyev@mail.ru
Website : www.saffarma.az
Extended Name : Saf
Farma Mehdud Mesuliyyetli Camiyyeti
English Translation : Saf Farma LLC
Name Position
1. Azer Ibrahim Oglu
Khudiyev Managing Director
2. Irada Bekhbudova Chief
Accountant
Total Employees : 100
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
Azerbaijani importers.
Opinion on maximum credit :
NEW MANAT 200,000
Trade risk assessment:
Normal
NAME : ACCESS
BANK
Branch : Tbilisi
Avenue 3
Town : Baku
AZ1065
Telephone: (994 12) 490 8010
Fax : (994
12) 490 8010
The company also has an
account with the following banks:
1. Unibank Commercial Bank
JSC
Rashid Behbudov Street 55
Baku AZ1014
Telephone: (994 12) 498 2244
Fax
: (994 12) 498 0953
2. Yapı Kredi Bank
678.C.Mammadquluzade Street 73 F
Baku
Telephone: (994 12) 497 7795
Fax
: (994 12) 497 0276
Private companies in
Azerbaijan are not required to publish or disclose balance sheets. However, the
subject interviewed offered
the following information :
Sales Turnover :
NEW MANAT 10,000,000 - 2014 - approx
: NEW MANAT
5,400,000 - 2015 – approx *
Net Profit :
Not given but stated to be profitable
* 9 months results (January
- September).
Financial year ends 31
December.
Date Started : 7 August
2013
History : The subject
company was established in Azerbaijan on 7 August 2013.
Tax No.: VOEN 1303343491
Authorised Capital : NEW
MANAT 20
Paid-Up Capital : NEW MANAT
20
Mehdud Mesuliyyetli Cemiyyeti
(limited liability company)
with the following sole
shareholder:
Azer Ibrahim Oglu
Khudiyev 100%
(Azerbaijani national)
The Company is involved in
the following activities:
Trading as importers,
wholesalers and retailers of pharmaceuticals.
NACE Code: 4646
Imports from Europe, Italy,
Poland, Canada, Argentina, Iran and India.
Exports to Georgia.
The Company has the
following facilities :
Owned premises comprising administrative
offices, a pharmacy and storage facilities located at the heading address as
well as 7 pharmacies located elsewhere in Baku (see 'Branch Offices' below).
Basti Bagirova Street 14,
Office 12
Yasamal District
Baku AZ1022
1. Nasimi Branch No.1
Mir Qasimov street 1 (Semashko Hospital)
Nasimi District
Telephone: (994 12) 595 4935
2. Nasimi Branch No.2
Mardanov Qardashlari Street 127 (Medical
University)
Nasimi District
Telephone: (994 12) 596 4131
3. Yasamal Branch No. 1
Basdi Baghirova street 14 (near OMD
hospital)
Yasamal District
Telephone: (994 12) 436 8275
4. Yasamal Branch No. 2
K. Kazimzade Street 119 (near Custom
Hospital)
Yasamal District
Telephone: (994 12) 537 0132
5. Nizami Branch
Sharifli Street 84 (near Lung University)
Nizami District
Telephone: (994 12) 520 3038
You enquired on: SAF FARMA
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.
Interviewed: Irada
Bekhbudova (Chief Accountant).
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 : |
TPT |
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.