MIRA INFORM REPORT

 

 

Report Date :

13.01.2007

 

IDENTIFICATION DETAILS

 

Name :

Protien Technologies Ingredients

 

 

Registered Office :

129337, Yaroslavskoye shosse, 19 build 1, Moscow

 

 

Country :

Russian Federation

 

 

Date of Incorporation :

2001

 

 

Com. Reg. No.:

1027739343158

 

 

Legal Form :

Private Joint Stock Company by Russian Law

 

 

Line of Business :

Wholesale trade in food ingredients and food concentrates (soya fibers, dyes, extracts, dry sauces).

 

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

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Company

 

Protien Technologies Ingredients

 

 

Address

 

129337, Yaroslavskoye shosse,

19 build 1, Moscow,

Country Russian Federation

Phone +7(495)786-8565

Website www.protien.ru

 

 

 

Comments

 

 

Information

According to the data of the Single State Register of Legal Entities of Russian Federation the company "Protien Technologies Ingredients" isn't registered.


The address, the telephone number and website mentioned in your inquiry belongs to the company Zakrytoe aktsyonernoe obschestvo "PTI MENEDZHMENT" (name in English: PTI MANAGEMENT PRIVATE JOINT STOCK COMPANY). The company is the head company in the group of companies "Protien Technologies Ingredients" (PTI). We provide the report on this company.

 

 

 

Summary

 

 

Original Name

Zakrytoe aktsyonernoe obschestvo "PTI MENEDZHMENT"

Legal Form

ZAO (Private Joint Stock Company by Russian Law)

Year of Foundation

2001

Sales

92 516 th RUR for 12 months, ended 01.01.2006

Employees

15 on January, 12, 2006

 

 

 

Creditline Recommendations

 

 

Risk Category

AVERAGE RISK

Credit Limit

25 000 USD

 

 

 

Company Identification Details

 

 

Original Name

Zakrytoe aktsyonernoe obschestvo "PTI MENEDZHMENT"

Short Name

ZAO "PTI MENEDZHMENT"

Name in English

PTI MANAGEMENT PRIVATE JOINT STOCK COMPANY

Address

Yaroslavskoe shosse, 19, bldg. 1, Moscow, 129337, Russian Federation

Legal Address

Bol'shaya Ordynka str., 10, Moscow, 113035, Russian Federation

Phone

+7 (495) 7893877, 7868564, 7868566, 7862655

Fax

+7 (495) 7893877

E-mail

info@protein.ru

WEB Address

www.protein.ru

 

 

 

Official Company Data

 

 

Legal Form

ZAO (Private Joint Stock Company by Russian Law)

Date of Registration

09.10.2002

Registration Number

1027739343158

Statistic Code (OKPO)

58181986

Taxpayer Code (INN)

7706257346

Registration Authority

Ministry for Taxes and Duties of Russian Federation
Interregional Inspection N 39 within Moscow

 

 

 

Public Record Information

 

 

Information

The company Zakrytoe aktsyonernoe obschestvo "PTI MENEDZHMENT" was not included in the published list of bankrupt companies.

 

 

Share Capital

 

 

Current Share Capital

5 000 000 RUR

 

 

History

from 21.11.2003: 5 000 000 RUR

from 09.10.2002: 10 000 RUR

 

 

 

Shareholders

 

 

Total

2 private persons

 

 

Shareholder

Mr Prokhorenko Sergey Yur'evich

Nationality

Russian Federation

Address

Novokosinskaya str., 20, bldg. 1, ap.108, Moscow, 111672, Russian Federation

Date of Birth

31.01.1962

Taxpayer Code (INN)

772001524244

Share

50 %

 

 

Shareholder

Ms Kuznetsova Ol'ga Vladimirovna

Nationality

Russian Federation

Address

Obraztsova str., 24, ap. 47, Moscow, 101475, Russian Federation

Date of Birth

29.10.1961

Taxpayer Code (INN)

771503167700

Share

50 %

 

 

 

Directors

 

 

Director

Mr Voronin Denis Anatol'evich

Signature Right

Nationality

Russian Federation

 

 

 

Re-Registration Data

 

 

Initial Registration

21.12.2001

Registration Number

2070540

Registration Authority

Moscow Register Chamber

 

 

Date of Registration

09.10.2002
(Entering into the Single State Register of Legal Entities)

Registration Number

1027739343158

Registration Authority

Ministry for Taxes and Duties of Russian Federation
Interregional Inspection N 39 within Moscow

 

 

Date of Re-registration

21.11.2003

File Number

2037706073140

Registration Authority

Ministry for Taxes and Duties of Russian Federation
Inspection N 6 within Moscow

Changes

Share Capital

 

 

Date of Re-registration

17.06.2004

File Number

2047706030524

Registration Authority

Ministry for Taxes and Duties of Russian Federation
Inspection N 6 within Moscow

Changes

Company Rules

 

 

Operations

 

 

Activities

The company is the head company in the group of companies Protien Technologies Ingredients (PTI).


Wholesale trade in food ingredients and food concentrates (soya fibers, dyes, extracts, dry sauces).

 

 

Staff Employed

15 on January, 12, 2006 (company's data)

 

 

 

Real Estate

 

 

Own

None

 

 

Rent

Office, warehouse

Address: Yaroslavskoe shosse, 19, bldg. 1, Moscow, 129337, Russian Federation
(company's data)

 

 

 

Export & Import

 

 

Export Countries

2004-2006: No Export Activity

Exported Goods

none

Export Value

none

 

 

Import Countries

2006: Denmark, Netherlands, China

2005: Spain, China

2004: France

Imported Goods

food ingredients, food concentrates

Import Value

for 6 months 2006: 565 447 USD

in 2005: 84 453 204 RUR

in 2004: 991 726 RUR

 

 

Branches

 

 

Branch

None

 

 

Participation

 

 

Information

Obschestvo s ogranichennoy otvetstvennostyu "GLOBAL

INGREDIENTS TREYDING"

Registration number: 1067746367974


Obschestvo s ogranichennoy otvetstvennostyu "PTI-VORONEZH"

Registration number: 1023601570563


Obschestvo s ogranichennoy otvetstvennostyu "PROTEIN-SAMARA"

Registration number: 1026300966955


Obschestvo s ogranichennoy otvetstvennostyu "R.U.S. SEMSTROY"

Registration number: 1027700382885


Obschestvo s ogranichennoy otvetstvennostyu "PTI-YUG"

Registration number: 1032307167771


Obschestvo s ogranichennoy otvetstvennostyu "PTI-VLADIVOSTOK"

Registration number: 1052504442462


Obschestvo s ogranichennoy otvetstvennostyu "PTI-NOVOSIBIRSK"

Registration number: 1055406216942


Obschestvo s ogranichennoy otvetstvennostyu "PTI-IRKUTSK"

Registration number: 1063808152902


Obschestvo s ogranichennoy otvetstvennostyu "PTI-IRKUTSK"

Registration number: 1063808155290


Obschestvo s ogranichennoy otvetstvennostyu "PTI-NORD"

Registration number: 1027804907680

 

 

 

Related Companies

 

 

Information

The company enters into the group of companies Protien Technologies Ingredients (PTI). Into this group of companies enter more than 30 companies.

 

 

 

Bankers

 

 

Bank

KB "RUSSKIY KUPECHESKIY BANK" (ZAO), bank code: 044552609 (Russian Federation)

Account(s)

40702810100000000349 (RUR)

 

 

Financial Data

 

 

Profit and Loss (extract)

 

The following figures are shown in units of 1000

 

Period, months

12

12

 

 

Ended

01.01.2006

01.01.2005

 

 

Currency

RUR

RUR

 

 

SALES

92516

1163

 

 

Cost of Goods sold

88533

1115

 

 

GROSS PROFIT

3983

48

 

 

Distribution Costs

1666

 

 

 

Management Costs

 

 

 

 

OPERATING PROFIT

2317

48

 

 

Non Trading Income

-1305

-16

 

 

PRE TAX PROFIT

1012

32

 

 

Taxation

246

 

 

 

PROFIT AFTER TAX

761

32

 

 

 

Balance Sheet (extract)

 

The following figures are shown in units of 1000

 

As at

01.01.2006

01.01.2005

 

 

Currency

RUR

RUR

 

 

TOTAL FIXED ASSETS

5028

4730

 

 

 Intangible Assets

 

 

 

 

 Fixed Assets

 

 

 

 

TOTAL CURRENT ASSETS

7764

352

 

 

 Stock

 

 

 

 

 Trade debtors

7607

339

 

 

 Cash

21

13

 

 

TOTAL ASSETS

12792

5082

 

 

 

 

 

 

 

TOTAL EQUITY

5793

5033

 

 

 Share Capital

5000

5000

 

 

 Retained Profits

792

32

 

 

TOTAL LONG TERM LIABS

 

 

 

 

 Long Term Loans

 

 

 

 

TOTAL CURRENT LIABILITIES

6999

49

 

 

 Short Term Loans

 

 

 

 

 Short Term Trade Creditors

6999

49

 

 

TOTAL EQUITY & LIABILITIES

12792

5082

 

 

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

01.01.2006

01.01.2005

 

 

Current Ratio

1,11

7,18

 

 

Working Capital, x1000 RUR

765

303

 

 

Quick Ratio

1,11

7,18

 

 

Debt to Equity Ratio

1,21

0,01

 

 

Current Assets Turnover

11,92

3,3

 

 

Total Assets Turnover Ratio

7,23

0,23

 

 

Pre Tax Profit Margin, %

1,09

2,75

 

 

Gross Profit, %

4,31

4,13

 

 

Return on Investment, %

17,47

0,64

 

 

Return on Assets, %

7,91

0,63

 

 

 

Clients & Suppliers

 

 

Clients

OOO "TORGOVIY DOM BAGRATION" (Russian Federation)


OOO "PLATINUM ABSOLYUT" (Russian Federation)

 

 

Suppliers

CINDAO CRAUN IMP. EXP. CO., LTD (China)

COTION LTD (China)

CARGILL B.V. (Netherlands)

CENTRAL SOYA EUROPEAN PROTEINS A/S (Denmark)

ROKETT FRERS (France)

 

 

 

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

 

 

 

 

I. NON-CURRENT ASSETS

 

 

 

Intangible assets

110

-

-

Fixed assets

120

-

-

Construction in progress

130

-

-

Income-bearing investments in tangible
assets


135


-


-

Long-term financial investments

140

4730

5028

Deferred tax assets

145

-

-

Other non-current assets

150

-

-

Total section I

190

4730

5028

II. CURRENT ASSETS

 

 

 

Inventories

210

-

-

including :

 

 

 

 raw materials and other inventories

211

-

-

 livestock

212

-

-

 work in progress

213

-

-

 finished goods and goods for resale

214

-

-

 goods dispatched

215

-

-

 expenses related to future periods

216

-

-

 other supplies and expenditures

217

-

-

Value added tax on purchased goods

220

-

136

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


339


7607

including :

 

 

 

 buyers and customers

241

295

6750

Short-term investments

250

-

-

Monetary assets

260

13

21

Other current assets

270

-

-

Total section II

290

352

7764

TOTAL SECTIONS I and II

300

5082

12792


 


 


 


 

EQUITY AND LIABILITIES

Line code

 

 

 

 

 

 

III. EQUITY AND RESERVES

 

 

 

Share capital

410

5000

5000

Treasury shares

411

-

-

Additional capital

420

-

-

Legal reserve

430

1

1

including :

 

 

 

 reserves and provisions formed in
 accordance with legislation


431


-


-

 reserves formed in accordance
 with foundation documents


432


1


1

Retained earnings (loss)

470

32

792

Total section III

490

5033

5793

IV. NON-CURRENT LIABILITIES

 

 

 

Borrowings

510

-

-

Deferred tax liabilities

515

-

-

Other non-current liabilities

520

-

-

Total section IV

590

-

-

V. CURRENT LIABILITIES

 

 

 

Borrowings

610

-

-

Accounts payable

620

49

6999

including :

 

 

 

 suppliers and contractors

621

45

5872

 salaries payable

622

2

2

 payable to state non-budget funds

623

-

1

 taxes payable

624

2

99

 other creditors

625

-

1025

Dividends payable to participants
(shareholders)


630


-


-

Income of future periods

640

-

-

Reserves for future expenses and payments

650

-

-

Other current liabilities

660

-

-

Total section V

690

49

6999

TOTAL SECTIONS III,IV,V

700

5082

12792

 

PROFIT AND LOSS ACCOUNT

 

The following figures are shown in units of 1000

 


 PARAMETER

Line code

 
01.01.2006

 
01.01.2005

 

 

 

 

INCOME FROM AND EXPENSES ON ORDINARY ACTIVITIES

 

 

 

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



010



92516



1163

Cost of goods, products, work, services sold

020

88533

1115

Gross profit

029

3983

48

Selling expenses

030

1666

-

Administrative expenses

040

-

-

Profit (loss) from operations

050

2317

48

OTHER INCOME AND EXPENSES

 

 

 

Interest income

060

-

-

Interest expenses

070

-

-

Income from investments in other
companies


080


-


-

Other operating income

090

-

1

Other operating expenses

100

151

-

Non-operating income

120

256

-

Non-operating expenses

130

1410

17

Profit (loss) before profit tax

140

1012

32

Deferred tax assets

141

-

-

Deferred tax liabilities

142

5

-

Current profit tax

150

246

-

Net profit (loss) for the reporting period

190

761

32

 

 

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