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Report No. : |
346175 |
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Report Date : |
26.10.2015 |
IDENTIFICATION DETAILS
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Name : |
CAHANDAR-2008 MMC |
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Registered Office : |
V. Qahramanov Street 5A,
Qabala AZ3600 |
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Country : |
Azerbaijan |
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Date of Incorporation : |
02.04.2008 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as Importers and Wholesalers
of Auto Spare Parts and Motor Oils. |
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No. of Employees : |
38 |
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 Limits : |
NEW MANAT 20,000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 |
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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 |
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 |
CAHANDAR-2008 MMC (CORRECT)
OOO DZHAHANDAR 2008 (WERSJA
ANG. CHANDAR 2008 MMC)(Requested)
Street :
Mikail Rafili Street 39
Area :
Nasimi District
Town :
Baku AZ1000
Country : Azerbaijan
Telephone : (994 12) 440 3295 / Mobile (994 55)
700 2653 (Rashad
Qasimov) / (994 50)
220 9120 (Qasim Isak Oglu Aliyev)/
(994
50) 528 8630 (Igor Nikolayevich Pavlov)
Fax :
(994 12) 449 8181
E-Mail :
avtokom2004@rambler.ru / rashad-8282@mail.ru
English Translation:
Cahandar-2008 LLC
Also known as :
Cahandar-2008 Mehdud Mesuliyyetli Cemiyyeti
Name Position
1. Maftun Ilqar Oglu
Rustamov Managing Director
2. Rashad Qasimov Technical Clerk
Total Employees : 38
No complaints have
been heard regarding payments from local suppliers or banks.
We consider it is
acceptable to deal with subject for SMALL amounts, although it is normal
accepted practice for international suppliers to deal on secured terms with
Azerbaijani importers.
Opinion on maximum credit :
NEW MANAT 20,000
Trade risk assessment:
Normal
NAME : ATABANK ASC
Branch : Shamsi Badalbeyli Street 102
Town : Baku AZ1010
Telephone: (994 12) 497
8700 / 598 0841
Fax : (994 12) 498 7447
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 800,000 - 2014 – approx
: NEW MANAT 900,000 – 2015 – projected
Net Profit :
not given but stated to be profitable
Financial year
ends 31 December.
Date Started : 2 April 2008
History : The subject
company was established in Azerbaijan on 2 April 2008.
Tax No.: VOEN 4400296891
Authorised Capital : NEW
MANAT 10
Paid-Up Capital : NEW MANAT
10
Mehdud Mesuliyyetli Cemiyyeti
(limited liability company) with the following sole shareholder:
Elchin Rasim Oglu
Sherkerov 100%
The Company is involved in
the following activities :
Trading as importers and
wholesalers of auto spare parts and motor oils.
Subject engages in customs
clearance services and customs brokerage services.
NACE Codes: 4613 / 4941 /
6622
Imports from Europe,
Russia, Germany and Italy.
Subject does not export,
all sales are domestic.
Subject closely cooperates
with :
Qasim Isak Oglu Aliyev
Private Entrepreneur
M. Cafarov Street 16, Flat
128
Nasimi District
Baku
Telephone: (994 12) 530
3606 / (994 50) 220 9120
Fax : (994 12) 530 3606
E-Mail:
avtokom2004@rambler.ru
Tax No.: VOEN 1401203002
Date of birth : 1968
(Trading as importers and
wholesalers of auto spare parts and motor oils)
The Company has the
following facilities :
Rented office premises
located at the heading address.
Until 2015 subject was
located at:
V. Plotnikov Street 21
Nasimi District
Baku AZ1007
Telephone: (994 12) 449
8181
V. Qahramanov Street 5A
Qabala AZ3600
Until 2013, subject’s
registered address was located at :
Zardabi Street 45
Zardabi AZ6300
Zardabi District
You enquired on: OOO
DZHAHANDAR 2008 (WERSJA ANG. CHANDAR 2008 MMC). Please note that the correct
name is as per heading.
The address which you
provided: V QAHRAMANOV 5A 3600 QEBELE applies to subject's registered office
address. Please note that subject's administrative office address is as per
heading.
The telephone number:
+99450 528 8630 applies to subject’s supplier partner Mr. Igor Nikolayevich
Pavlov, when contacted he was uncooperative on the matter and declined to give
any information. Please note that subject's correct telephone numbers are as
per heading.
Interviewed: Rashad Qasimov
(Technical Clerk).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.88 |
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|
1 |
Rs.99.89 |
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Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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.