MIRA INFORM REPORT

 

 

Report Date :

27th November, 2006

 

IDENTIFICATION DETAILS

 

Name :

ALROSA-NURBA PUBLIC JOINT STOCK COMPANY

 

 

Registered Office :

Kvartal Energetikov, Nyurba, Republic Sakha, 678450, Russian Federation

 

 

Country :

Russian Federation

 

 

Financials (as on) :

01.10.2006

 

 

Date of Incorporation :

23.09.2002

 

 

Com. Reg. No.:

1021400778607

 

 

Legal Form :

OAO (Public Joint Stock Company by Russian Law)

 

 

Line of Business :

Wholesale Trade in Diamonds.

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

1 000 000 USD

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

 

 

Summary

 

 

Original Name

Otkrytoe aktsyonernoe obschestvo "ALROSA-NYURBA"

Legal Form

OAO (Public Joint Stock Company by Russian Law)

Year of Foundation

1997

Sales

9 750 137 th RUR for 9 months, ended 01.10.2006

Employees

38 on October, 01, 2006 (official data)

 

 

 

Creditline Recommendations

 

 

Credit Rating

A

Risk Category

LOW RISK

Credit Limit

1 000 000 USD

 

 

 

Company Identification Details

 

 

Original Name

Otkrytoe aktsyonernoe obschestvo "ALROSA-NYURBA"

Short Name

OAO "ALROSA-NYURBA"

Name in English

ALROSA-NURBA PUBLIC JOINT STOCK COMPANY

Address

Kvartal Energetikov, Nyurba, Republic Sakha, 678450, Russian Federation

Legal Address

Kvartal Energetikov, Nyurba, Republic Sakha, 678450, Russian Federation

Phone

+7 (41136) 46466, 46681

Fax

+7 (41134) 23309, 23691

E-mail

alrosa-nurba@yandex.ru

WEB Address

none

 

 

History

22.09.2004: Legal Address changed from 50 let Oktyabrya str., 18, Mirniy, Republic Sakha, 678170, Russian Federation

 

 

 

Official Company Data

 

 

Legal Form

OAO (Public Joint Stock Company by Russian Law)

Date of Registration

23.09.2002

Registration Number

1021400778607

Statistic Code (OKPO)

46724387

Taxpayer Code (INN)

1419003844

Registration Authority

Ministry for Taxes and Duties of Russian Federation
Inspection within Nyurbinskiy Ulusu District of Republic Sakha

 

 

 

 

Public Record Information

 

 

Information                    The company Otkrytoe aktsyonernoe obschestvo "ALROSA-NYURBA" was not included in the published list of bankrupt companies.

 

 

 

Share Capital

 

 

Current Share Capital             20 000 000 RUR

 

Shareholders

 

 

Total

948 legal and private persons incl.

 

 

Shareholder

ZAO AK "ALROSA"

Address

Lenina str., 6, Mirniy, Republic Sakha, 678170, Russian Federation

Registration Number

1021400967092

Taxpayer Code (INN)

1433000147

Share

86,65 %

 

 

Shareholder

MINISTERSTVO IMUCSHESTVENNYKH OTNOSHENIY RESPUBLIKI SAKHA (YAKUTIYA) (State organisation)

Address

Yakutsk, Republic Sakha, Russian Federation

Share

10 %

 

 

Comments

By Russian law full structural information of shareholders is not available.

 

 

 

Directors

 

 

Director

Mr Kolodeznikov Valeriy Kimovich
Signature Right

Nationality

Russian Federation

Taxpayer Code (INN)

143502387725

 

 

Executives

Chairman of the Board of Directors:
Mr Yakovlev Gustav Afanas'evich

Members of the Board of Directors:
Mr Alyab'ev Sergey Georgievich
Mr Dmitriev Roman Gavril'evich
Mr Kalitin Vladimir Tikhonovich
Mr Kolodeznikov Valeriy Kimovich
Mr Nichiporuk Aleksandr Olegovich
Mr Dudenkov Yuriy Aleksandrovich
Ms Potrubeyko Valentina Anatol'evna
Mr Prokop'ev Vladimir Mikhaylovich

 

 

 

Re-Registration Data

 

 

Initial Registration

15.07.1997

Registration Number

270-R

Registration Authority

Administration of Nyurbinskiy Ulusu District of Republic Sakha

 

 

Date of Registration

23.09.2002
(Entering into the Single State Register of Legal Entities)

Registration Number

1021400778607

Registration Authority

Ministry for Taxes and Duties of Russian Federation
Inspection within Nyurbinskiy Ulusu District of Republic Sakha

 

 

Date of Re-registration

22.09.2004

File Number

2041400893378

Registration Authority

Ministry for Taxes and Duties of Russian Federation
Inspection within Nyurbinskiy Ulusu District of Republic Sakha

Changes

Legal Address

 

 

Date of Re-registration

20.06.2005

File Number

2051400895456

Registration Authority

Federal Tax Service of Russian Federation
Interregional Inspection N 3 within Republic Sakha

Changes

Company Rules

 

 

 

Operations

 

 

Activities

Wholesale trade in diamonds.

 

 

Staff Employed

38 on October, 01, 2006 (official data)

 

 

 

Real Estate

 

 

Own

The total sum of immovables (lands, buildings, constructions) on October, 01, 2006 - 267 906 982 RUR

 

 

Rent

None

 

 

 

Export & Import

 

Export Countries

2005: Belgium, Israel, Great Britain

Exported Goods

diamonds

Export Value

for 6 months 2006: none
in 2005: 1 945 718 168 RUR
in 2004: none

 

 

Import Countries

2004-2006: No Import Activity

Imported Goods

none

Import Value

none

 

 

 

Branches

 

 

Branch

Mirniy branch
Address: 50 let Oktyabrya str., 18, Mirniy, Republic Sakha, 678170, Russian Federation

Moscow branch
Address: 1-st Kazachiy per., 10/12, Moscow, 119017, Russian Federation

 

 

 

Participation

 

 

Information

OOO "IIS - UUS ARN"
Address: Chusovskogo str., 24, Nyurba, Republic Sakha, Russian Federation
Share: 66,67 %

OOO "SYULINSKIY"
Address: Selo Ul'tsy, Nyurba, Republic Sakha, Russian Federation
Share: 58,14 %

OOO "NYURBINSKIY PICSHEKOMBINAT"
Address: Lesnaya str., 21, Nyurba, Republic Sakha, Russian Federation
Share: 23,96 %

 

 

 

Related Companies

 

 

Information

The company OAO "ALROSA-NYURBA" enters into the group of companies "ALROSA".

Also into the group of companies enter the following companies: OOO "ALROSA-AVTO", ZAO "ALROSA-TORG", OOO "ALROSA-OKHRANA", OOO "ALMAZ-ANTAREKS", ZAO "LOTTA", ZAO "IRELYAKHNEFT'" , OOO "MIRKOM", ZAO "SANATORIY "GOLUBAYA VOLNA", OAO "AYKHAL'SKIY ORS", OAO "LENSKAYA OPTOVO-TORGOVAYA KONTORA", OAO "SUDOKHODNAYA KOMPANIYA "ALROSA-LENA", OAO "UDACHNINSKIY KOMBINAT PICSHEVYKH PREDPRIYATIY", OOO "MIRNINSKOE PREDPRIYATIE ZHILICSHNOGO KHOZYAYSTVA", OOO "NIKONOVKA", CHK "ALROSA FAYNENS B.V.", OAO "UPRAVLENIE RABOCHEGO SNABZHENIYA", ZAO "AK ALROSA-AVIA".

 

 

 

Bankers

 

 

Bank

OOO KB "MAK-BANK", bank code: 044552514 (Russian Federation)

Account(s)

40702810300010000020 (RUR)

 

 

Bank

OAO "SOBINBANK", bank code: 044525487 (Russian Federation)

Account(s)

40702810300000001344 (RUR)

 

 

Bank

OOO FMKB "MAK-BANK", bank code: 049879717 (Russian Federation)

Account(s)

40702810400060000359 (RUR)

 

 

 

Financial Data

 

 

Profit and Loss (extract)

 

 

The following figures are shown in units of 1000

 

Period, months

9

12

12

12

Ended

01.10.2006

01.01.2006

01.01.2005

01.01.2004

Currency

RUR

RUR

RUR

RUR

SALES

9750137

17226783

14206433

3821794

Cost of Goods sold

2648519

3787602

2866120

618398

GROSS PROFIT

7101618

13439181

11340313

3203396

Distribution Costs

102549

599760

302257

58496

Management Costs

1382604

2138882

1796370

571071

OPERATING PROFIT

5616465

10700539

9241686

2573829

Non Trading Income

-137148

-258930

-236831

-185107

PRE TAX PROFIT

5479317

10441609

9004855

2388722

Taxation

768594

2508251

2101287

430748

PROFIT AFTER TAX

4135005

7876990

6794205

1774969

 

 

Balance Sheet (extract)

 

 

The following figures are shown in units of 1000

 

As at

01.10.2006

01.01.2006

01.01.2005

01.01.2004

Currency

RUR

RUR

RUR

RUR

TOTAL FIXED ASSETS

588161

596955

566266

420239

 Intangible Assets

11

11

11

11

 Fixed Assets

290469

36939

35330

34844

TOTAL CURRENT ASSETS

4727870

2320433

1881640

1889771

 Stock

4203185

1935708

1678089

1173343

 Trade debtors

442407

207637

89899

672436

 Cash

71974

95167

39073

3714

TOTAL ASSETS

5316031

2917388

2447906

2310010

 

 

 

 

 

TOTAL EQUITY

4050998

1546038

1625518

922406

 Share Capital

20000

20000

20000

20000

 Retained Profits

4023760

1518800

1598280

895339

TOTAL LONG TERM LIABS

933380

357626

301222

191734

 Long Term Loans

 

 

 

 

TOTAL CURRENT LIABILITIES

331653

1013724

521166

1195870

 Short Term Loans

 

 

 

 

 Short Term Trade Creditors

213553

645624

403066

1077770

TOTAL EQUITY & LIABILITIES

5316031

2917388

2447906

2310010

 

 

Key Credit Ratios

 

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

01.10.2006

01.01.2006

01.01.2005

01.01.2004

Current Ratio

14,26

2,29

3,61

1,58

Working Capital, x1000 RUR

4396217

1306709

1360474

693901

Quick Ratio

1,58

0,38

0,39

0,6

Debt to Equity Ratio

0,31

0,89

0,51

1,5

Current Assets Turnover

 

7,42

7,55

2,02

Total Assets Turnover Ratio

 

5,9

5,8

1,65

Pre Tax Profit Margin, %

 

60,61

63,39

62,5

Gross Profit, %

 

78,01

79,83

83,82

Return on Investment, %

 

675,38

553,97

258,97

Return on Assets, %

 

357,91

367,86

103,41

 

 

Clients & Suppliers

 

 

Clients                                 

 

ARCOS CO. (Belgium)

DVS DIAMOND (Israel)

SPIDIAM BVBA (Belgium)

BLUE PLANET DIAMOND LTD (Israel)

STAR DIAMOND CO. (Great Britain)

TRAU BRAS HB (Belgium)

DIAMOND TRADIMG COMPANY (Great Britain)

ZAO AK "ALROSA" (Russian Federation)

OAO NTB (Russian Federation)

                                             

Suppliers                            

 

GUPVO "ALMAZYUVELIREKSPORT" (Russian Federation)

OOO "ALMAZINTEKH-KONSUL'TATSII I INZHINIRING" (Russian Federation)

OAO "AK VILYUYGESSTROY" (Russian Federation)

OAO "VNESHTORGBANK DOPOLNIT" (Russian Federation)

ZAO KB "SITIBANK" (Russian Federation)

OOO "STANDART KHKH1" (Russian Federation)

OOO "STS-N" (Russian Federation)

OOO "KONTAKT BIZNES SERVIS KONSALT" (Russian Federation)

NOU "GEMMOLOGICHESKIY INSTITUT" (Russian Federation)

OOO "ER-STAYL TREYTING" (Russian Federation)

ZAO "TPK FELIKS" (Russian Federation)

OOO "ALMAZY I ZOLOTO" (Russian Federation)

 

 

 

Original Financial Data (Russian Accounting Report in English)

 

 

 

Balance Sheet

 

 

The following figures are shown in units of 1000

 

 
ASSETS

Line code

as at
01.01.2005

as at
01.01.2006

as at
01.10.2006

 

 

 

 

 

I. NON-CURRENT ASSETS

 

 

 

 

Intangible assets

110

11

11

11

Fixed assets

120

35330

36939

290469

Construction in progress

130

502917

519164

256557

Income-bearing investments
in tangible assets


135


-


5797


6112

Long-term financial investments

140

27700

34700

34700

Deferred tax assets

145

308

344

312

Other non-current assets

150

-

-

-

Total section I

190

566266

596955

588161

II. CURRENT ASSETS

 

 

 

 

Inventories

210

1678089

1935708

4203185

including :

 

 

 

 

 raw materials and other inventories

211

1334

2971

3869

 livestock

212

-

-

-

 work in progress

213

969488

1110765

2065416

 finished goods and goods for resale

214

-

-

1421067

 goods dispatched

215

162360

256315

198347

 expenses related to future periods

216

544907

565657

514486

 other supplies and expenditures

217

-

-

-

Value added tax on purchased goods

220

74340

81682

10065

Accounts receivable (payments
expected beyond 12 months after
the reporting date)


230


-


-


-

including :

 

 

 

 

 buyers and customers

231

-

-

-

Accounts receivable (payments
expected within 12 months after
the reporting date)


240


89899


207637


442407

including :

 

 

 

 

 buyers and customers

241

2135

5044

23999

Short-term investments

250

-

-

-

Monetary assets

260

39073

95167

71974

Other current assets

270

239

239

239

Total section II

290

1881640

2320433

4727870

TOTAL SECTIONS I and II

300

2447906

2917388

5316031


 


 


 


 


 

EQUITY AND LIABILITIES

 

 

 

 

 

 

 

 

 

III. EQUITY AND RESERVES

 

 

 

 

Share capital

410

20000

20000

20000

Treasury shares

411

-

-

-

Additional capital

420

3238

3238

3238

Legal reserve

430

4000

4000

4000

including :

 

 

 

 

 reserves and provisions formed in
 accordance with legislation


431


4000


4000


4000

 reserves formed in accordance
 with foundation documents


432


-


-


-

Retained earnings (loss)

470

1598280

1518800

4023760

Total section III

490

1625518

1546038

4050998

IV. NON-CURRENT LIABILITIES

 

 

 

 

Borrowings

510

-

-

-

Deferred tax liabilities

515

301222

357626

933380

Other non-current liabilities

520

-

-

-

Total section IV

590

301222

357626

933380

V. CURRENT LIABILITIES

 

 

 

 

Borrowings

610

-

-

-

Accounts payable

620

403066

645624

213553

including :

 

 

 

 

 suppliers and contractors

621

245863

199351

56759

 salaries payable

622

102

85

822

 payable to state non-budget funds

623

104

-

181

 taxes payable

624

155586

433651

154622

 other creditors

625

1411

12537

1144

Dividends payable to participants
(shareholders)


630


-


250000


-

Income of future periods

640

118100

118100

118100

Reserves for future expenses
and payments


650


-


-


-

Other current liabilities

660

-

-

-

Total section V

690

521166

1013724

331653

TOTAL SECTIONS III,IV,V

700

2447906

2917388

5316031

 

 

PROFIT AND LOSS ACCOUNT

 

 

The following figures are shown in units of 1000

 


 PARAMETER

Line code

 
01.10.2006

 
01.01.2006

 
01.01.2005

 

 

 

 

 

INCOME FROM AND EXPENSES ON ORDINARY ACTIVITIES

 

 

 

 

Sale of goods, products, work,
services (less VAT, excise tax, other
similar mandatory payments)


010


9750137


17226783


14206433

Cost of goods, products, work,
services sold


020


2648519


3787602


2866120

Gross profit

029

7101618

13439181

11340313

Selling expenses

030

102549

599760

302257

Administrative expenses

040

1382604

2138882

1796370

Profit (loss) from operations

050

5616465

10700539

9241686

OTHER INCOME AND EXPENSES

 

 

 

 

Interest income

060

-

-

-

Interest expenses

070

-

-

-

Income from investments in other
companies


080


-


-


-

Other operating income

090

2256

3094

765

Other operating expenses

100

3551

7260

3591

Non-operating income

120

6474

26526

9262

Non-operating expenses

130

142327

281290

243267

Profit (loss) before profit tax

140

5479317

10441609

9004855

Deferred tax assets

141

34

36

125

Deferred tax liabilities

142

575752

56404

109488

Current profit tax

150

768594

2508251

2101287

Net profit (loss) for the reporting
period


190


4135005


7876990


6794205

 

 

Rates of Exchange

 

 

RUR - Russian Rouble            01.01.2006:    1 EUR = 34.19 RUR,   1 USD = 28.78 RUR

EUR - EURO                         01.01.2005:    1 EUR = 37.84 RUR,   1 USD = 27.74 RUR

USD - US Dollar                     01.01.2004:    1 EUR = 37.09 RUR,   1 USD = 29.45 RUR

 

 

 

RATING EXPLANATIONS

 

 

RATING

STATUS

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

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