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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

495243

Report Date :

07.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

KAMAL NABIZADA FE LLC

 

 

Registered Office :

Labzak Massive, Zulfiyakhonim Street 21a, Shaykhontohur District, C-13, Tashkent 100128

 

 

Country :

Uzbekistan

 

 

Date of Incorporation :

22.02.1996

 

 

Com. Reg. No.:

000579

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

·         Operators of a café styled “Ariana”.

·         Renting of own real estate.

 

 

No. of Employees :

6

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Maximum Credit Limit :

SUM 14,000,000

 

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Uzbekistan

B2

B2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

UZBEKISTAN - ECONOMIC OVERVIEW

 

Uzbekistan is a doubly landlocked country in which 51% of the population lives in urban settlements; the agriculture-rich Fergana Valley, in which Uzbekistan’s eastern borders are situated, has been counted among the most densely populated parts of Central Asia. Since its independence in September 1991, the government has largely maintained its Soviet-style command economy with subsidies and tight controls on production, prices, and access to foreign currency. Despite ongoing efforts to diversify crops, Uzbek agriculture remains largely centered on cotton; Uzbekistan is the world's fifth-largest cotton exporter and seventh-largest producer. Uzbekistan's growth has been driven primarily by state-led investments, and export of natural gas, gold, and cotton provides a significant share of foreign exchange earnings.

Recently, lower global commodity prices and economic slowdowns in neighboring Russia and China have hurt Uzbekistan's trade and investment and worsened its foreign currency shortage. Aware of the need to improve the investment climate, the government is taking incremental steps to reform the business sector and address impediments to foreign investment in the country. Since the death of first President Islam KARIMOV and election of President Shavkat MIRZIYOYEV, emphasis on such initiatives and government efforts to improve the private sector have increased. In the past, Uzbek authorities accused US and other foreign companies operating in Uzbekistan of violating Uzbek laws and have frozen and seized their assets.

As a part of its economic reform efforts, the Uzbek Government is looking to expand opportunities for small and medium enterprises and prioritizes increasing foreign direct investment. In September 2017, the government devalued the official currency rate by almost 50% and announced the loosening of currency restrictions to eliminate the currency black market, increase access to hard currency, and boost investment.

 

Source : CIA

 

COmpany NAME

 

Kamal Nabizada IP OOO (Correct)

KAMAL NABIZADA FOREIGN ENTERPRISE LTD (Requested)

 

 

ADDRESS

 

Street     :                     Labzak Massive, Zulfiyakhonim Street 21A

Area       :                     Shaykhontohur District, C-13

Town       :                    Tashkent 100128

Country    :                    Uzbekistan

Telephone  :                  (998 71) 255 1460 (Ariana Café) / Mobile (998 90) 997 7524 (Chief Accountant) / (998 90) 174 4094 (Managing Director)

Fax        :                      (998 71) 255 1460

E-Mail     :                     kamal@apggroup.net

Extended Name  :         Kamal Nabizada Inostrannoe Predriyatie Obshchestvo s Ogranichennoy Otvetstvennostyu

English Translation :      Kamal Nabizada FE LLC

Also known as :            Kamal Nabizada XK MChJ

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                                             Position

 

1. Kamolkhon Dzhurakhonovich Kamilov            Managing Director

 

2. Gulfira Shamsutdinova                                   Chief Accountant

 

3. Said Sanjar Barlas                                         Group Financial Manager   

 

Total Employees : 6

 

 

PAYMENTS

 

No complaints have been heard regarding payments from local suppliers or banks.

 

Subject is a member of AP&G Group of Companies. 

 

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 Uzbekistani importers.

 

Opinion on maximum credit : SUM 14,000,000

 

 

PRINCIPAL BANKERS

 

NAME     :         NATIONAL BANK OF UZBEKISTAN

Branch   :          A.Temur Street 101

Town     :          Tashkent 100084

Telephone:        (998 71) 234 9060

Fax      :            (998 71) 235 9020

 

 

FINANCIAL INFORMATION

 

Private companies in Uzbekistan are not required to publish or disclose balance sheets. However, the subject interviewed offered the following information :

 

Sales Turnover              : SUM 700,000,000 - 2017 - exact

 

Net Profit                      : SUM 200,000,000 - 2017 - exact

 

Financial year ends 31 December.

 

 

LEGAL STATUS AND HISTORY

 

Date Started :               22 February 1996

 

History :                        The subject company was established in Tashkent on 22 February 1996.

 

C.R. No. :                     000579

 

Tax No.:                        INN 201674840

 

Statistics Code :           OKPO 16105965

 

Activity Code :              OKONh 71300

 

Authorised Capital :       SUM 30,000,000

 

Paid-Up Capital :           SUM 30,000,000

 

Inostrannoye Predpriyatiye v forme Obshchestva s Ogranichennoy Otvetstvennostyu (limited liability company) with the following sole shareholder :

 

Shkeb Anvari Co Ltd         100%

Afghanistan

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Operators of a café styled “Ariana”.

Renting of own real estate.

 

NACE Code: 6820

 

Subject neither imports nor exports any products (requirements) at present time.

 

 

FACILITIES

 

The Company has the following facilities :

 

Owned premises comprising administrative offices located at the heading address as well as a branch office located elsewhere in Tashkent (see 'Branch Offices' below).

 

 

REGISTERED OFFICE

 

Labzak Massive, Zulfiyakhonim Street 21A

Shaykhontohur District, C-13

Tashkent 100128

 

 

BRANCH OFFICES

 

Café “Ariana”

Bobur Street 61

Yakkasaray District

Tashkent 100000

 

 

SPECIAL NOTE

 

You enquired on: KAMAL NABIZADA FOREIGN ENTERPRISE LTD. Please note that the correct name is as per heading.

 

The telephone numbers which you provided: +371 2410588 / 2410568 are no longer in use. Please note that subject's current telephone and mobile numbers are as per heading.

 

Interviewed: Gulfira Shamsutdinova (Chief Accountant).

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.99

UK Pound

1

INR 89.91

Euro

1

INR 80.21

UZS

1

INR 0.0078

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

Report Prepared by :

SYL

                                                


 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.