MIRA INFORM REPORT

 

 

Report Date :

27th January, 2007

 

IDENTIFICATION DETAILS

 

Name :

EMPILS PRIVATE JOINT STOCK COMPANY

 

 

Registered Office :

Teatral'niy prosp., 60, Rostov-on-Don, 344010, Russian Federation

 

 

Country :

Russian Federation

 

 

Financials (as on) :

01.01.2006

 

 

Date of Incorporation :

10.09.2002

 

 

Com. Reg. No.:

1026104141260

 

 

Legal Form :

ZAO (Private Joint Stock Company by Russian Law)

 

 

Line of Business :

Manufacture and sales of paint-and-lacquer materials.

 

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

 

Maximum Credit Limit :

30 000 USD

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

Comments

 

 

Information

The address, telephone numbers and website mentioned in your inquiry belong to the company Zakrytoe aktsyonernoe obschestvo "EMPILS"(name in English: EMPILS PRIVATE JOINT STOCK COMPANY). We provide the report on this company.

 

 

Summary

 

Original Name

Zakrytoe aktsyonernoe obschestvo "EMPILS"

Legal Form

ZAO (Private Joint Stock Company by Russian Law)

Year of Foundation

1991

Sales

3 139 566 th RUR for 12 months, ended 01.01.2006

Employees

1 500 (approx.) on January, 22, 2007

 

 

Credit line Recommendations

 

 

Risk Category

AVERAGE RISK

Credit Limit

30 000 USD

 

 

Company Identification Details

 

Original Name

Zakrytoe aktsyonernoe obschestvo "EMPILS"

Short Name

ZAO "EMPILS"

Name in English

EMPILS PRIVATE JOINT STOCK COMPANY

Address

1-st Mashinostroitel'niy per., 21, Rostov-on-Don, 344016, Russian Federation

Legal Address

Teatral'niy prosp., 60, Rostov-on-Don, 344010, Russian Federation

Phone

+7 (863) 2227543, 2221646, 2786586, 2786589, 2786788

Fax

+7 (863) 2227543, 2221646, 2786586, 2786589, 2786788

E-mail

info@empils.ru

WEB Address

www.empils.ru

 

 

Official Company Data

 

Legal Form

ZAO (Private Joint Stock Company by Russian Law)

Date of Registration

10.09.2002

Registration Number

1026104141260

Statistic Code (OKPO)

5744283

Taxpayer Code (INN)

6167008343

Registration Authority

Ministry for Taxes and Duties of Russian Federation
Inspection within Proletarskiy District of Rostov Region

 

 

Public Record Information

 

Information

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

 

 

Share Capital

 

Current Share Capital

20 523 000 RUR

 

 

Shareholders

 

Total

450 legal and private persons including

 

 

Shareholder

OOO "SNABTEKH-OPTIM"

Address

Kosmodamianskaya nab., 40/42, bldg. 3, ap. 35, Moscow, 113035, Russian Federation

Registration Number

1027739094855

Taxpayer Code (INN)

7705405104

Share

10,19 %

 

 

Shareholder

Mr Udras Dmitriy Aleksandrovich

Nationality

Russian Federation

Share

19,9 %

 

 

Shareholder

Mr Babkin Konstantin Anatol'evich

Nationality

Russian Federation

Share

18,9 %

 

 

Shareholder

Mr Ryazanov Yuriy Viktorovich

Nationality

Russian Federation

Share

18,9 %

 

 

Shareholder

Mr Dolgov Vadim Vital'evich

Nationality

Russian Federation

Share

15,3 %

 

 

Comments

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

 

 

Directors

 

Director

Mr Beloborodov Vyacheslav Gennad'evich
Signature Right

Nationality

Russian Federation

Address

Karamyshevskaya nab., 2/1, ap. 10, Moscow, Russian Federation

Date of Birth

29.05.1974

Taxpayer Code (INN)

773423004453

Re-Registration Data

 

 

Initial Registration

25.09.1991

Registration Number

2833

Registration Authority

Administration of Proletarskiy District of Rostov Region

 

 

Date of Registration

10.09.2002
(Entering into the Single State Register of Legal Entities)

Registration Number

1026104141260

Registration Authority

Ministry for Taxes and Duties of Russian Federation
Inspection within Proletarskiy District of Rostov Region

 

 

Date of Re-registration

27.09.2002

File Number

2026104141974

Registration Authority

Ministry for Taxes and Duties of Russian Federation
Inspection within Proletarskiy District of Rostov Region

Changes

Company rules

 

 

Date of Re-registration

23.06.2003

File Number

2036167009635

Registration Authority

Ministry for Taxes and Duties of Russian Federation
Inspection within Proletarskiy District of Rostov Region

Changes

Company rules

 

 

Date of Re-registration

18.08.2004

File Number

2046167012978

Registration Authority

Ministry for Taxes and Duties of Russian Federation
Inspection within Proletarskiy District of Rostov Region

Changes

Company rules

 

 

Date of Re-registration

14.06.2005

File Number

2056167025638

Registration Authority

Federal Tax Service of Russian Federation
Inspection within Proletarskiy District of Rostov Region

Changes

Company rules

 

 

Operations

 

Activities

Manufacture and sales of paint-and-lacquer materials.

The company produces goods under brands "OREOL", "EMPILS", "RASTSVET".

 

 

Staff Employed

1 500 (approx.) on January, 22, 2007(company's data)

 

 

 

 

Real Estate

 

Own

Office, industrial area, warehouse
Address: 1-st Mashinostroitel'niy per., 21, Rostov-on-Don, 344016, Russian Federation
(company's data)

 

 

Rent

None

 

 

Export & Import

 

Export Countries

2004: Ukraine

Exported Goods

paint-and-lacquer materials

Export Value

for 6 months 2006: none
in 2005: none
in 2004: 563 063 RUR

 

 

Import Countries

2006: Poland, Ukraine, Azerbaijan, China, Turkey
2005: Kazakhstan, Ukraine, Poland, Switzerland, Azerbaijan
in 2004: 2 516 503 RUR

Imported Goods

chemical, equipment

Import Value

for 6 months 2006: 2 627 435 USD
in 2005: 7 381 622 RUR
in 2004: 2 516 503 RUR

 

 

Branches

 

Branch

The company ZAO "EMPILS" with the subsidiaries companies form the group of companies "EMPILS".

The group of the companies has got branches and representations in following cities of Russian Federations: Moscow, St.-Petersburg, Novosibirsk, Rostov-on-Don, Samara, Khabarovsk, Chelyabinsk.

 

 

Participation

 

 

Information

B/O "ZOLOTAYA POLYANA"
Address: Krasnodar Region, Russian Federation
Share: 28,75 %

AO "PARTNER"
Address: Rostov Region, Russian Federation
Share: 22 %

AP "SUZOR'E"
Address: Krasnodar Region, Russian Federation
Share: 20,85 %

AO "LASTAR"
Address: Stavropol Region
Share: 18 %

 

 

Related Companies

 

 

Information

The company ZAO "EMPILS" with the subsidiaries companies form the group of companies "EMPILS".

 

 

Bankers

 

Bank

YUGO-ZAPADNIY BANK SBERBANKA RF, bank code: 046015602 (Russian Federation)

Account(s)

40702810852090105480 (RUR)

 

 

Bank

ZAO MEZHDUNARODNIY MOSKOVSKIY BANK, bank code: 044525545 (Russian Federation)

Account(s)

40702810400010372979 (RUR)

 

 

Bank

OAO AKB"SEL'MASHBANK", bank code: 046015860 (Russian Federation)

Account(s)

40702810800000000413 (RUR)

 

 

Financial Data

 

Profit and Loss (extract)

 

The following figures are shown in units of 1000

 

Period, months

12

12

12

12

Ended

01.01.2006

01.01.2005

01.01.2004

01.01.2003

Currency

RUR

RUR

RUR

RUR

SALES

3139566

1516649

764881

501213

Cost of Goods sold

2923852

1365746

600904

367285

GROSS PROFIT

215714

150903

163977

133928

Distribution Costs

173769

27831

16174

12427

Management Costs

 

95000

127228

107453

OPERATING PROFIT

41945

28072

20575

14048

Non Trading Income

-23084

-16456

-11408

4612

PRE TAX PROFIT

18861

11616

9167

18660

Taxation

3330

2782

2391

2131

PROFIT AFTER TAX

17143

5506

6776

16529

 

Balance Sheet (extract)

 

The following figures are shown in units of 1000

 

As at

01.01.2006

01.01.2005

01.01.2004

01.01.2003

Currency

RUR

RUR

RUR

RUR

TOTAL FIXED ASSETS

348496

297562

288411

255373

 Intangible Assets

872

940

620

138

 Fixed Assets

219514

269951

262590

245651

TOTAL CURRENT ASSETS

616199

662085

137338

79963

 Stock

297944

321821

10480

8881

 Trade debtors

233778

218060

101834

56124

 Cash

504

50800

7871

10811

TOTAL ASSETS

964695

959647

425749

335336

 

 

 

 

 

TOTAL EQUITY

219881

208014

207331

210135

 Share Capital

20523

20523

20523

20523

 Retained Profits

16394

5650

4826

7115

TOTAL LONG TERM LIABS

126202

128684

40896

80483

 Long Term Loans

122000

122227

38227

80483

TOTAL CURRENT LIABILITIES

618612

622949

177522

44718

 Short Term Loans

302198

150000

84000

 

 Short Term Trade Creditors

316302

472854

93522

44718

TOTAL EQUITY & LIABILITIES

964695

959647

425749

335336

 

Key Credit Ratios

 

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

01.01.2006

01.01.2005

01.01.2004

01.01.2003

Current Ratio

1

1,06

0,77

1,79

Working Capital, x1000 RUR

-2413

39136

-40184

35245

Quick Ratio

0,51

0,55

0,71

1,59

Debt to Equity Ratio

3,39

3,61

1,05

0,6

Current Assets Turnover

5,1

2,29

5,57

6,27

Total Assets Turnover Ratio

3,25

1,58

1,8

1,49

Pre Tax Profit Margin, %

0,6

0,77

1,2

3,72

Gross Profit, %

6,87

9,95

21,44

26,72

Return on Investment, %

8,58

5,58

4,42

8,88

Return on Assets, %

1,96

1,21

2,15

5,56

 

 

Clients & Suppliers

 

 

Clients

OAO ELAKS (Ukraine)

ZAO "DONSKIE KRASKI" (Russian Federation)

OOO "AVANGARD PEYNTS INK." (Russian Federation)

OOO "KONSTANT PRO" (Russian Federation)

OAO "ELAKS UKRAINA" (Russian Federation)

OOO "UNIVERSAL OPTIMA" (Russian Federation)

OOO "MEZHREGIONTORG" (Russian Federation)

OOO "UTES-INVEST" (Russian Federation)

OOO "TEKH POLIKOM" (Russian Federation)

NOU "MTSFER" (Russian Federation)

 

 

Suppliers

ORGANIC CHEMISTRY SAN VE TIK AS (Turkey)

DINA INTERNATIONAL CO. LTD (China)

SUMGAIT ASHGARLAR (Azerbaijan)

UDGANG TITANIUM CHEMISTRY MANUFACTORY CO. LTD (China)

OAO "AVDEEVSKIY KOKSOKHIMICHESKIY ZAVOD" (Ukraine)

OOO "UTES-INVEST" (Russian Federation)

OOO "TREYD SPUTNIK" (Russian Federation)

OOO "KOMPANIYA PO POSTAVKE ZHESTI I TARY" (Russian Federation)

OOO "SPETSSTAL'KONSTRUKTSIYA SERVIS" (Russian Federation)

OOO "PL MARKETING" (Russian Federation)

ZAO "KUDITS" (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

 

 
ASSETS

Line code

as at
01.01.2004

as at
01.01.2005

as at
01.01.2006

 

 

 

 

 

I. NON-CURRENT ASSETS

 

 

 

 

Intangible assets

110

620

940

872

Fixed assets

120

262590

269951

219514

Construction in progress

130

24017

24938

23412

Income-bearing investments
in tangible assets


135


-


-


-

Long-term financial investments

140

602

572

103873

Deferred tax assets

145

582

1161

825

Other non-current assets

150

-

-

-

Total section I

190

288411

297562

348496

II. CURRENT ASSETS

 

 

 

 

Inventories

210

10480

321821

297944

including :

 

 

 

 

 raw materials and other inventories

211

8744

186828

168675

 livestock

212

-

-

-

 work in progress

213

-

14089

24469

 finished goods and goods for resale

214

492

104786

79483

 goods dispatched

215

-

13180

13646

 expenses related to future periods

216

1244

2938

11671

 other supplies and expenditures

217

-

-

-

Value added tax on purchased goods

220

17153

71404

40813

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


101834


218060


233778

including :

 

 

 

 

 buyers and customers

241

38062

168360

189897

Short-term investments

250

-

-

43160

Monetary assets

260

7871

50800

504

Other current assets

270

-

-

-

Total section II

290

137338

662085

616199

TOTAL SECTIONS I and II

300

425749

959647

964695


 


 


 


 


 

EQUITY AND LIABILITIES

 

 

 

 

 

 

 

 

 

III. EQUITY AND RESERVES

 

 

 

 

Share capital

410

20523

20523

20523

Treasury shares

411

-

-

-

Additional capital

420

181982

181841

182964

Legal reserve

430

-

-

-

including :

 

 

 

 

 reserves and provisions formed in
 accordance with legislation


431


-


-


-

 reserves formed in accordance
 with foundation documents


432


-


-


-

Retained earnings (loss)

470

4826

5650

16394

Total section III

490

207331

208014

219881

IV. NON-CURRENT LIABILITIES

 

 

 

 

Borrowings

510

38227

122227

122000

Deferred tax liabilities

515

2669

6457

4202

Other non-current liabilities

520

-

-

-

Total section IV

590

40896

128684

126202

V. CURRENT LIABILITIES

 

 

 

 

Borrowings

610

84000

150000

302198

Accounts payable

620

93522

472854

316302

including :

 

 

 

 

 suppliers and contractors

621

79574

405824

242428

 salaries payable

622

531

3074

3356

 payable to state non-budget funds

623

8079

2924

2113

 taxes payable

624

-

46

1470

 other creditors

625

-

60986

66935

Dividends payable to participants
(shareholders)


630


-


-


-

Income of future periods

640

-

95

112

Reserves for future expenses
and payments


650


-


-


-

Other current liabilities

660

-

-

-

Total section V

690

177522

622949

618612

TOTAL SECTIONS III,IV,V

700

425749

959647

964695

 

PROFIT AND LOSS ACCOUNT

 

 

The following figures are shown in units of 1000

 


 PARAMETER

Line code

 
01.01.2006

 
01.01.2005

 
01.01.2004

 

 

 

 

 

INCOME FROM AND EXPENSES ON ORDINARY ACTIVITIES

 

 

 

 

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


010


3139566


1516649


764881

Cost of goods, products, work,
services sold


020


2923852


1365746


600904

Gross profit

029

215714

150903

163977

Selling expenses

030

173769

27831

16174

Administrative expenses

040

-

95000

127228

Profit (loss) from operations

050

41945

28072

20575

OTHER INCOME AND EXPENSES

 

 

 

 

Interest income

060

493

56

113

Interest expenses

070

41248

7506

2251

Income from investments in other
companies


080


-


-


-

Other operating income

090

126589

5061

5847

Other operating expenses

100

87239

9503

9927

Non-operating income

120

3687

5079

4508

Non-operating expenses

130

25366

9643

9698

Profit (loss) before profit tax

140

18861

11616

9167

Deferred tax assets

141

-337

579

-

Deferred tax liabilities

142

-1949

3907

-

Current profit tax

150

3330

2782

2391

Net profit (loss) for the reporting
period


190


17143


5506


6776

 

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