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MIRA INFORM REPORT
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Report No. : |
504575 |
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Report Date : |
04.05.2018 |
IDENTIFICATION DETAILS
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Name : |
FABBRICANTE SP |
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Registered Office : |
Beruniy
Street 88 , Olmazar District, Tashkent 100020 |
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Country : |
Uzbekistan |
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Date of Incorporation : |
10.07.2017 |
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Com. Reg. No.: |
531206 |
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Legal Form : |
Family Enterprise |
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Line of Business : |
Trading
as importers and distributors of building materials, MDF profiles and furniture
accessories. |
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No. of Employees : |
15 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
NOTE
In absence of financials, no credit limit could be recommended.
Company
name
Fabbricante
SP (Correct)
SP
FABRICANTE (Requested)
ADDRESS
Street : Beruniy Street 88
Area : Olmazar District
Town : Tashkent 100020
Country : Uzbekistan
Mobile : (998 97) 745 8486 (Managing Director) /
(998 95) 170 2280
E-Mail : kronouz@mail.ru
Extended Name : Fabbricante Semeynoe Predpryatye
English Translation : Fabbricante
Family Enterprise
Also known as : Fabbricante
Oilaviy Korxonasi
SENIOR
COMPANY PERSONNEL
Name Position
Saidakmal
Saidazimovich Saidazimov Managing
Director
Total
Employees : 15
PAYMENTS
No
trade experience of payments is available.
Subject
is a newly-established business incorporated on 10 July 2017 and commenced
operations on 1 April 2018.
Opinion
on maximum credit : As the subject has recently commenced
operations
and has no financial or
payment
track record, we recommend
dealing
on fully secured terms.
Trade
risk assessment: High
It is
normal accepted practice for international suppliers to deal on secured terms
with Uzbekistani importers.
PRINCIPAL BANKERS
NAME : NATIONAL BANK OF UZBEKISTAN
Branch : Olmazar Branch, 2nd Qoraqamish
Street 54
Town : Tashkent 100178
Telephone:
(998 71) 228 7852
Fax : (998 71) 228 7852
FINANCIAL INFORMATION
As the
Company has only recently commenced operations, relevant financial information
is not available. However, the subject interviewed offered the following
information :
Sales
Turnover : SUM 3,700,000,000 - 2018 – projected
Net
Profit : not given but stated to be 7-11% of
the
sales turnover
Value
of current contracts : US DLRS
1,000,000 (as of May 2018)
EURO 1,000,000
Total
Value of Stock Held : SUM
105,458,300 (as of May 2018)
Total
Invested Capital : SUM
6,000,000 (as of May 2018)
Financial
year ends 31 December.
LEGAL STATUS AND HISTORY
Date
Started : 10 July 2017
History
: The subject company was established in Tashkent on 10 July 2017 and commenced
operations on 1 April 2018.
C.R.
No. : 531206
Tax
No.: INN 304979717
Statistics
Code : OKPO 27237670
License
No.: 531206
Authorised
Capital : SUM 6,000,000
Paid-Up
Capital : SUM 6,000,000
Semeynoe
Predpryatye (Family Enterprise) with the following partners:
Partners Percentage
1. Nargiza
Tulyaganovna Artikhodjayeva
34%
2.
Ziyodillakhoja Zokirxodjayevich Artikhodjayev
33%
(son of the above)
3.
Saidakmal Saidazimovich Saidazimov
33%
As
matter of interest, the husband of Ms. Nargiza Tulyaganovna Artikhodjayeva, Mr.
Zakirkhodja Abidovich Artikhodjayev has interest in the following company:
Alviero
ChP
Malik
Rabot QFY, Navoiy Erkin Industrial Zone
Karmana
District
Navoiy
Region
Managing
Director: Zakirkhodja Abidovich Artikhodjayev
Est.:
21 September 2001
C.R.
No.: 1216
Tax
No.: INN 203697731
Owner:
Zakirkhodja Abidovich Artikhodjayev
ACTIVITIES
The
Company is involved in the following activities :
Trading
as importers and distributors of building materials, MDF profiles and furniture
accessories.
NACE
Code: 4690
Imports
from Poland, Turkey and China.
Subject
does not export, all sales are domestic.
Subject’s
principal suppliers include: Swiss Krono (Poland) and Gizir Ahsap Ins. Tur.
San. Tic A.S. (Turkey).
FACILITIES
The
Company has the following facilities :
Rented
premises comprising administrative offices located at the heading address as
well as storage facilities located elsewhere in Tashkent (see 'Branch Offices'
below).
REGISTERED OFFICE
Beruniy
Street 88
Olmazar
District
Tashkent
100020
BRANCH OFFICES
Bayratkol
Street 73
Olmazar
District
Tashkent
SPECIAL NOTE
You
enquired on: SP FABRICANTE. Please note that the correct name is as per
heading.
The tax
and reg. numbers which you provided: 00876 / 20420 are incorrect. Please note
that the correct tax is as per heading.
Interviewed:
Saidakmal Saidazimovich Saidazimov (Managing Director).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 66.61 |
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1 |
INR 90.60 |
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Euro |
1 |
INR 79.86 |
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UZS |
1 |
INR 0.0083 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIS |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low risk
of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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
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Payment
record
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Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.