MIRA
INFORM REPORT
|
Report Date : |
17.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
CHETRA-INDUSTRIAL MACHINES PUBLIC JOINT STOCK COMPANY |
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|
Registered Office : |
Traktorostroiteley prosp., 101, Cheboksary, 428028 |
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Country : |
Russian Federation |
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Financials (as on) : |
01.10.2007 |
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|
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Date of Incorporation : |
16.09.2002 |
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|
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Com. Reg. No.: |
1022100969703 |
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|
Legal Form : |
OAO (Public Joint Stock Company by Russian Law) |
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Line of Business : |
Wholesale trade in special auto-equipment. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
|
|
Litigation : |
Clear |
Comments
Information The
address mentioned in your inquiry belongs to the company Otkrytoe aktsyonernoe
obschestvo
"CHETRA-PROMYSHLENNYE MASHINY" (name in English: CHETRA-
INDUSTRIAL
MACHINES PUBLIC JOINT STOCK COMPANY (CHETRA IM PJSC)). We
provide
the report on this company.
Summary
Original Name Otkrytoe
aktsyonernoe obschestvo "CHETRA-PROMYSHLENNYE MASHINY"
Legal Form OAO
(Public Joint Stock Company by Russian Law)
Year of Foundation 1994
Sales 4
297 228 th RUR for 9 months, ended 01.10.2007
Employees 506 on
October, 01, 2007 (official data)
Creditline Recommendations
Risk Category AVERAGE
RISK
Credit Limit 300
000 USD
Company Identification Details
Original Name Otkrytoe
aktsyonernoe obschestvo "CHETRA-PROMYSHLENNYE MASHINY"
Short Name OAO
"CHETRA-PROMYSHLENNYE MASHINY"
Name in English CHETRA-INDUSTRIAL
MACHINES PUBLIC JOINT STOCK COMPANY
Address Traktorostroiteley
prosp., 101, Cheboksary, 428028, Russian Federation
Legal Address Traktorostroiteley
prosp., 101, Cheboksary, 428028, Russian Federation
Phone +7
(8352) 625262, 622267, 623079
Fax +7
(8352) 625262, 622267, 623079
E-mail info@chetra.ru
WEB Address www.chetra.ru
History 19.07.2007:
Legal Address changed from Khuzangaya str., 26B, Cheboksary, 428027,
Russian
Federation
15.09.2006: change of name from OAO "PROMTRAKTOR-SERVIS"
Official Company Data
Legal Form OAO
(Public Joint Stock Company by Russian Law)
Date of Registration 16.09.2002
Registration Number 1022100969703
Statistic Code (OKPO) 13096906
Taxpayer Code (INN) 2127007427
Registration Authority Ministry
for Taxes and Duties of Russian Federation
Inspection within Kalininskiy District of
Cheboksary
Public Record Information
Information The company
Otkrytoe aktsyonernoe obschestvo "CHETRA-PROMYSHLENNYE MASHINY" was
not
included in the published list of bankrupt companies.
Share Capital
Current Share Capital 4 722 600
RUR
Shareholders
Total 4 legal persons and 88
private persons incl.
Shareholder OAO
"PROMTRAKTOR"
Address Khuzangaya
str., 26, bldg. B, Cheboksary, 428027, Russian Federation
Registration Number 1022100971144
Taxpayer Code (INN) 2126003074
Share 52
%
Shareholder OOO
"INVESTITSII I MENEDZHMENT"
Address Mira
prosp., 1, Cheboksary, 428000, Russian Federation
Registration Number 1022100976248
Taxpayer Code (INN) 2127319070
Share 19,57
%
Shareholder OOO
"STAL'"
Address Traktorostroiteley
prosp., 101, Cheboksary, 428028, Russian Federation
Registration Number 1022100967019
Taxpayer Code (INN) 2127314114
Share 9,83
%
Shareholder OOO
"REMEKS"
Address Tsivil'skaya
str., 11, Cheboksary, 428022, Russian Federation
Registration Number 1042127004116
Taxpayer Code (INN) 2127329921
Share 6,49
%
Shareholder 88
private persons incl.
Nationality Russian
Federation
Share 12,11
%
Comments By
Russian law full structural information of shareholders is not available.
Directors
Director Mr
Kalabashkin Vadim Leont'evich
Signature Right
Nationality Russian
Federation
Re-Registration Data
Initial Registration 03.08.1994
Registration Number 1654 365
401 1197
Registration Authority Register
Chamber of Cheboksary
Date of
Registration 16.09.2002
(Entering into the Single State Register of Legal Entities)
Registration Number 1022100969703
Registration Authority Ministry
for Taxes and Duties of Russian Federation
Inspection within
Kalininskiy District of Cheboksary
Date of Re-registration 28.02.2005
File Number 2052128018743
Registration Authority Federal
Tax Service of Russian Federation
Inspection within
Leninskiy District of Cheboksary
Changes Company's
Rules
Date of Re-registration 12.07.2005
File Number 2052128113827
Registration Authority Federal
Tax Service of Russian Federation
Inspection within
Leninskiy District of Cheboksary
Changes Company's
Rules
Date of Re-registration 25.08.2005
File Number 2052182832348
Registration Authority Federal
Tax Service of Russian Federation
Inspection within
Leninskiy District of Cheboksary
Changes Company's
Rules
Date of Re-registration 05.10.2005
File Number 2052182855074
Registration Authority Federal
Tax Service of Russian Federation
Inspection within
Leninskiy District of Cheboksary
Changes Company's
Rules
Date of Re-registration 09.12.2005
File Number 2052128143527
Registration Authority Federal
Tax Service of Russian Federation
Inspection within
Leninskiy District of Cheboksary
Changes Company's
Rules
Date of Re-registration 13.07.2006
File Number 2062130070583
Registration Authority Federal
Tax Service of Russian Federation
Inspection within
Cheboksary
Changes Company's
Rules
Date of Re-registration 15.09.2006
File Number 2062130132645
Registration Authority Federal
Tax Service of Russian Federation
Inspection within
Cheboksary
Changes Original
Name
Date of Re-registration 29.12.2006
File Number 2062130203947
Registration Authority Federal
Tax Service of Russian Federation
Inspection within
Cheboksary
Changes Company's
Rules
Date of Re-registration 12.04.2007
File Number 2072130106981
Registration Authority Federal
Tax Service of Russian Federation
Inspection within
Cheboksary
Changes Company's
Rules
Date of Re-registration 19.07.2007
File Number 2072130187677
Registration Authority Federal
Tax Service of Russian Federation
Inspection within
Cheboksary
Changes Legal
Address
Operations
Activities Wholesale
trade in special auto-equipment.
“CHETRA – Industrial Machinery”JSC is a specialized Trade and Service Company
solely representing interests of “Tractor Plants” Concern’s enterprises in
marketing and servicing of industrial and forestry tractors, as well as of
track-type cross-country vehicles and equipment for repair of oil- and –gas pipelines,
an exclusive seller of products of “Promtractor” JSC, “Onezhsk tractor plant”
JSC, “Kurganmashzavod”JSC, “Kraslesmash” JSC, “TK VGTZ”JSC and Silvatec A/S.
CHETRA-Industrial machinery is an exclusive seller of heavy machines: wide
range of crawler dozers with power up to 590 hp for operator under heavy and
ground conditions manufactured by Tractor Plant Promtractor;: crane-pipelayers
manufactured by Promtractor with maximum load lifting capacity up to 104,5
tones and higher stability;:
high productive wheel dozers of manufacturer Promtractor for various types of
construction works; : wheel front loader of company-manufacturer Promtractor
for loading/unloading loose ground and hard-rock;: wheel loader with loading
equipment of Tractor Plant Promtractor;: cross-country vehicles with high
manuevrability made by machine-building complex Kurganmashzavod; : wheel
harvester of company-manufacturer Silvatec Sleipner 8266 THfor timber cutting;
: complex of machines for repair of oil and gas pipelines made by machine-building
complex Kurganmashzavod.
Staff Employed 506 on October, 01, 2007 (official
data)
Real Estate
Own Office,
warehouse
Address: Traktorostroiteley
prosp., 101, Cheboksary, 428028, Russian Federation
(company's data)
Rent None
Export & Import
Export Countries 2006:
Ukraine, Kazakhstan, India
2005: Ukraine,
Kazakhstan, India, Uzbekistan
2004: Ukraine,
Kazakhstan, Estonia, India, Lithuania, Iran
Exported Goods tractor spare part
Export Value in
2006: 462 081 USD
in 2005: 963 881
RUR
in 2004: 9 857 961
RUR
Import Countries 2006:
Kazakhstan
2005: Kazakhstan,
Ukraine
Imported Goods secondhand
tractor engines
Import Value in
2006: 6 396 USD
in 2005: 328 247
RUR
in 2004: none
Branches
Branch The
company has got branches and representations in following cities of Russian
Federations: Petrozavodsk, Krasnoyarsk, Kemerovo, Kurgan, Zheleznogorsk,
Magadan, Yaroslavl', Noviy Urengoy.
The company has representations:
Address: Troitskiy prosp., 52, office 928A, Arkhangel'sk, 163000, Russian
Federation
Address: Medkadry str., 10, Novosibirsk, 630075, Russian Federation
Address: Bol'shoy PS prosp., 44, office 23, St.-Petersburg, 190000, Russian
Federation
Address: Lermontova str., 9/1, office 504, Surgut, 628418, Russian Federation
Participation
Information OOO
"SIBTRAKTORSERVIS"
Registration number: 1028900628525
Share: 75 %
OOO "PROMTRAKTOR-SERVIS-KUZBASS"
Registration number: 1054205255708
Share: 50 %
OOO "KVT"
Registration number: 1022100986258
Share: 25 %
Bankers
Bank BANK
"VYATICH" (OAO), Moscow branch 044583651, bank code: (Russian
Federation)
Account(s) 40702810000020000130
(RUR)
Bank AB
"DEVON-KREDIT" (OAO), Cheboksary branch, bank code: 049706735
(Russian Federation)
Account(s) 40702810700000000259
(RUR)
Bank AKTSIONERNYY
KOMMERCHESKIY SBEREGATEL'NYY BANK ROSSIYSKOY FEDERATSII
(OAO),
Chuvashia branch No 8613, bank code: 049706609 (Russian Federation)
Account(s) 40702810875020000353
(RUR)
Financial Data
Profit and Loss (extract)
The following figures are shown in units of 1000
|
Period,
months |
9 |
12 |
12 |
12 |
|
Ended |
01.10.2007
|
01.01.2007
|
01.01.2006
|
01.01.2005
|
|
Currency |
RUR |
RUR |
RUR |
RUR |
|
SALES |
4297228
|
1122739
|
733829
|
694068
|
|
Cost of Goods sold |
556662
|
987798
|
613348
|
573083
|
|
GROSS
PROFIT |
3740566
|
134941
|
120481
|
120985
|
|
Distribution Costs |
189694
|
56248
|
50187
|
70326
|
|
Management Costs |
47068
|
42259
|
33502
|
21124
|
|
OPERATING
PROFIT |
3503804
|
36434
|
36792
|
29535
|
|
Non Trading Income |
-37254
|
-29780
|
-33133
|
-23297
|
|
PRE
TAX PROFIT |
3466550
|
6654
|
3659
|
6238
|
|
Taxation |
68688
|
|
3643
|
448 |
|
PROFIT
AFTER TAX |
3400109
|
3200
|
12 |
2279
|
|
Balance Sheet (extract) |
|
The following figures are
shown in units of 1000 |
|
As at |
01.10.2007
|
01.01.2007
|
01.01.2006
|
01.01.2005
|
|
Currency |
RUR |
RUR |
RUR |
RUR |
|
TOTAL FIXED ASSETS |
32299
|
36261
|
32930
|
23913
|
|
Intangible Assets |
461 |
497 |
556 |
708 |
|
Fixed Assets |
23337
|
26803
|
25654
|
16570
|
|
TOTAL CURRENT ASSETS |
1261378
|
811691
|
353812
|
404352
|
|
Stock |
488142
|
237929
|
202726
|
222462
|
|
Trade debtors |
545499
|
531281
|
121665
|
125255
|
|
Cash |
78470
|
9737
|
3466
|
1908
|
|
TOTAL ASSETS |
1293677
|
847952
|
386742
|
428265
|
|
|
|
|
|
|
|
TOTAL EQUITY |
250347
|
39948
|
36748
|
36728
|
|
Share Capital |
4723
|
4723
|
4723
|
4723
|
|
Retained Profits |
242906
|
32507
|
29307
|
29295
|
|
TOTAL LONG TERM LIABS |
10985
|
10329
|
6875
|
6871
|
|
Long Term Loans |
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
1032345
|
797675
|
343119
|
384666
|
|
Short Term Loans |
287293
|
298000
|
182687
|
109123
|
|
Short Term Trade Creditors |
745052
|
499675
|
160429
|
275540
|
|
TOTAL EQUITY & LIABILITIES |
1293677
|
847952
|
386742
|
428265
|
Key Credit Ratios
The following
figures are shown as Ratios or Percentages
Accounts
Date 01.10.2007
01.01.2007 01.01.2006 01.01.2005
Current
Ratio 1,22 1,02 1,03 1,05
Working
Capital, x1000 RUR 229033
14016 10693 19686
Quick
Ratio 0,75 0,72 0,44 0,47
Debt
to Equity Ratio 4,17 20,23 9,52 10,66
Current
Assets Turnover
1,38 2,07 1,72
Total
Assets Turnover Ratio
1,32 1,9 1,62
Pre
Tax Profit Margin, %
0,59 0,5 0,9
Gross
Profit, %
12,02 16,42 17,43
Return
on Investment, %
16,66 9,96 16,98
Return
on Assets, %
0,78 0,95 1,46
Clients & Suppliers
Clients
ZAO KRIVOROZHSKIY SPETSTSENTR (Ukraine)
TOO INKOM-TRANZIT (Kazakhstan)
TOO ROSTEKH (Kazakhstan)
OOO TORGOVYY DOM PROMTRAKTOR-SERVIS UKRAINA (Ukraine)
TOO RUDNYY PROMTRAKTORSERVIS (Kazakhstan)
V. B. ENGINEERS INTERNATIONAL PVT. LTD. (India)
TOO GRAN' (Kazakhstan)
OOO STARPAN-SERVIS (Uzbekistan)
OOO SUVAGREGATSERVIS (Uzbekistan)
AO KHARKU KARIER (Estonia)
ZAOŔEDILINAÍŔ (Lithuania)
OOO "VOLGALITMASH" (Russian Federation)
OOO "ASPEKT" (Russian Federation)
OOO "GAZIMUR" (Russian Federation)
OOO "TEKHNOTRANS" (Russian Federation)
ZAO "KORYAKGEOLDOBYCHA" (Russian Federation)
OAO "VOSTOCHNAYA LIZINGOVAYA KOMPANIYA" (Russian Federation)
OOO ARTEL' "VOSTOCHNAYA" (Russian Federation)
OAO "GORNOPROMYSHLENNAYA FINANSOVAYA KOMPANIYA" (Russian Federation)
ZAO "GRAND-TRAKTORORESURS" (Russian Federation)
ZAO "ROSTOK" (Russian Federation)
Suppliers
TOO PROMTRAKTORSERVIS (Kazakhstan)
OOO TORGOVYY DOM PROMTRAKTOR-SERVIS (Ukraine)
TOO INKOM-TRANZIT (Kazakhstan)
OAO "CHEBOKSARSKIY AGREGATNYY ZAVOD" (Russian Federation)
OAO "VOSTOK KAMYSHINSKIY KUZNECHNO-LITEYNYY ZAVOD" (Russian
Federation)
OOO "SAVAR TEKHNO" (Russian Federation)
OOO "TEKHNOLAYN" (Russian Federation)
OOO "STK MEKHANIKA" (Russian Federation)
ZAO "ROSKOMSNAB" (Russian Federation)
OOO "EVROVID" (Russian Federation)
OOO TORGOVYY DOM "MEGATEKS" (Russian Federation)
OAO "ONEZHSKIY TRAKTORNYY ZAVOD" (Russian Federation)
OOO "NPF VIETO" (Russian Federation)
*** The names of foreign partners may be pointed incorrectly as in official
documents (declarations) they’re written in Russian. We present our apologies
for possible mistakes in transliteration.
Original Financial Data (Russian
Accounting Report in English)
Balance Sheet
The following figures are shown in units of 1000
|
|
Line
code |
as
at |
as
at |
as
at |
|
|
|
|
|
|
|
I.
NON-CURRENT ASSETS |
|
|
|
|
|
Intangible assets |
110 |
556 |
497 |
461 |
|
Fixed assets |
120 |
25654
|
26803
|
23337
|
|
Construction in progress |
130 |
2683
|
5303
|
7746
|
|
Income-bearing investments |
|
|
|
|
|
Long-term financial investments |
140 |
1134
|
755 |
755 |
|
Deferred tax assets |
145 |
2903
|
2903
|
- |
|
Other non-current assets |
150 |
- |
- |
- |
|
Total section I |
190 |
32930
|
36261
|
32299
|
|
II.
CURRENT ASSETS |
|
|
|
|
|
Inventories |
210 |
202726
|
237929
|
488142
|
|
including : |
|
|
|
|
|
raw materials and other inventories |
211 |
20870
|
27135
|
47442
|
|
livestock |
212 |
- |
- |
- |
|
work in progress |
213 |
14381
|
30529
|
33692
|
|
finished goods and goods for resale |
214 |
167281
|
170746
|
362628
|
|
goods dispatched |
215 |
- |
9424
|
44272
|
|
expenses related to future periods |
216 |
194 |
95 |
108 |
|
other supplies and expenditures |
217 |
- |
- |
- |
|
Value added tax on purchased goods |
220 |
14046
|
26723
|
61567
|
|
Accounts receivable (payments |
|
|
|
|
|
including : |
|
|
|
|
|
buyers and customers |
231 |
- |
- |
- |
|
Accounts receivable (payments |
|
|
|
|
|
including : |
|
|
|
|
|
buyers and customers |
241 |
87816
|
184867
|
328614
|
|
Short-term investments |
250 |
11909
|
6021
|
87700
|
|
Monetary assets |
260 |
3466
|
9737
|
78470
|
|
Other current assets |
270 |
- |
- |
- |
|
Total section II |
290 |
353812
|
811691
|
1261378
|
|
TOTAL
SECTIONS I and II |
300 |
386742
|
847952
|
1293677
|
|
|
|
|
|
|
|
EQUITY
AND LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
III.
EQUITY AND RESERVES |
|
|
|
|
|
Share
capital |
410 |
4723
|
4723
|
4723
|
|
Treasury
shares |
411 |
- |
- |
- |
|
Additional
capital |
420 |
1771
|
1771
|
1771
|
|
Legal
reserve |
430 |
947 |
947 |
947 |
|
including
: |
|
|
|
|
|
reserves
and provisions formed in |
|
|
|
|
|
reserves
formed in accordance |
|
|
|
|
|
Retained
earnings (loss) |
470 |
29307
|
32507
|
242906
|
|
Total
section III |
490 |
36748
|
39948
|
250347
|
|
IV.
NON-CURRENT LIABILITIES |
|
|
|
|
|
Borrowings |
510 |
- |
- |
- |
|
Deferred
tax liabilities |
515 |
6875
|
10329
|
10985
|
|
Other
non-current liabilities |
520 |
- |
- |
- |
|
Total
section IV |
590 |
6875
|
10329
|
10985
|
|
V.
CURRENT LIABILITIES |
|
|
|
|
|
Borrowings |
610 |
182687
|
298000
|
287293
|
|
Accounts
payable |
620 |
160429
|
499675
|
745052
|
|
including
: |
|
|
|
|
|
suppliers
and contractors |
621 |
144250
|
471275
|
233255
|
|
salaries
payable |
622 |
4892
|
4826
|
4891
|
|
payable
to state non-budget funds |
623 |
151 |
1168
|
1555
|
|
taxes
payable |
624 |
6965
|
13747
|
2754
|
|
other
creditors |
625 |
4171
|
8659
|
502597
|
|
Dividends
payable to participants |
|
|
|
|
|
Income
of future periods |
640 |
- |
- |
- |
|
Reserves
for future expenses |
|
|
|
|
|
Other
current liabilities |
660 |
- |
- |
- |
|
Total
section V |
690 |
343119
|
797675
|
1032345
|
|
TOTAL
SECTIONS III,IV,V |
700 |
386742
|
847952
|
1293677
|
|
PROFIT AND LOSS ACCOUNT |
|
The following figures are shown in
units of 1000 |
|
|
Line
code |
|
|
|
|
|
|
|
|
|
|
INCOME FROM AND EXPENSES ON ORDINARY ACTIVITIES |
|
|
|
|
|
Sale of goods, products, work, |
|
|
|
|
|
Cost of goods, products, work, |
|
|
|
|
|
Gross profit |
029 |
3740566
|
134941
|
120481
|
|
Selling expenses |
030 |
189694
|
56248
|
50187
|
|
Administrative expenses |
040 |
47068
|
42259
|
33502
|
|
Profit (loss) from operations |
050 |
3503804
|
36434
|
36792
|
|
OTHER INCOME AND EXPENSES |
|
|
|
|
|
Interest income |
060 |
2053
|
419 |
315 |
|
Interest expenses |
070 |
11363
|
26176
|
29161
|
|
Income from investments in other |
|
|
|
|
|
Other operating income |
090 |
652877
|
134174
|
80950
|
|
Other operating expenses |
100 |
680821
|
138197
|
85237
|
|
Non-operating income |
120 |
- |
- |
- |
|
Non-operating expenses |
130 |
- |
- |
- |
|
Profit (loss) before profit tax |
140 |
3466550
|
6654
|
3659
|
|
Deferred tax assets |
141 |
2903
|
- |
- |
|
Deferred tax liabilities |
142 |
656 |
3454
|
4 |
|
Current profit tax |
150 |
68688
|
- |
3643
|
|
Net profit (loss) for the reporting |
|
|
|
|
Rates of Exchange
RUR -
Russian Rouble 01.01.2007:
1 EUR = 34.69 RUR, 1 USD = 26.33 RUR
EUR -
EURO 01.01.2006:
1 EUR = 34.19 RUR, 1 USD = 28.78 RUR
USD -
US Dollar 01.01.2005:
1 EUR = 37.84 RUR, 1 USD = 27.74 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. |
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 |
|
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%)