MIRA INFORM REPORT

 

 

 

Report Date :

13.12.2008

 

IDENTIFICATION DETAILS

 

Name :

GLESS LIMITED LIABILITY COMPANY

 

 

Registered Office :

Dyzelna 3/5 61000 Kharkiv

 

 

Country :

Ukraine

 

 

Financials (as on) :

2007

 

 

Year of Establishment :

1997

 

 

Com. Reg. No.:

24277924

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Retail Sale of Food, Beverages and Tobacco in Specialised Stores

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

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

Small

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

name of the company

 

 

 

 

 

 

 

GLESS LIMITED LIABILITY COMPANY


Principal Address

 

Dyzelna 3/5
61000 Kharkiv
Ukraine
Kharkivs'ka Oblast'
Tel: +380-057-946526
Fax: +380-057-7198303

 

 

registration data

 

ICON number: 85060340
National ID: 24277924
VAT number: 242779220304
Statistic number: 24277924

 

Registration status: 17.07.1997 - registered company
Activity status: 1997 - active company

 

 

 

 

 

CREDIT INFORMATION SUMMARY

 

 

 

Insolvency Information:

According to available information sources the company is not in a insolvency/preliminary/debt regulation proceeding.

 

 

 

 

 

 

Payment Practices:

Payments are made according to terms

 

 

Debt Collection:

There is no record of any debt collection action against this company exceeding a single case volume of EUR 500.

 

 

 

COMPANY DETAILS

 

 

 

Established:

1997

 

 

Registration:

No. 24277924
17.07.1997
Kharkiv, Ukraine
Kharkivs'ka Oblast'

 

 

Legal Form:

1997
Limited Liability Company

 

 

Capital:

Nominal capital:

 

UAH 1.500,00

since 17.07.1997

 

 

 

 

Shareholders:

Full Name

Function

Address

Equity capital

Yusi Private Industrial and Trading Company
Registration: No. 21178268, 03.02.1993, Kharkiv, Ukraine

Shareholder

Dyzelna 3/5
61000 Kharkiv
Ukraine
Kharkivs'ka Oblast'

100,00%

 

 

 

Management:

Full Name

Function

Address

SVATKO Tetiana Yevgeniyivna

Managing director

Drugoyi Pyatyrichky 2-A, Ap.22
61000 Kharkiv
Ukraine
Kharkivs'ka Oblast'

SVATKO Tetiana Yevgeniyivna

Head of Finance and Accounting

Drugoyi Pyatyrichky 2-A, Ap.22
61000 Kharkiv
Ukraine
Kharkivs'ka Oblast'

 

 

 

KEY DATA ON OPERATIONS

 

 

 

Subject of Operation:

NACE
  4720 Retail sale of food, beverages and tobacco in specialised stores


Retail sale of tobacco, drinks; retail trade in non-specialized shops; non-speecialized trade of food products, drinks and tobacco.
NACE codes given are based on the most recent NACE Revision 2.

 

 

Company Development:

0: Development cannot be determined by outside parties

 

 

Turnover:

2007

2006

2005

UAH 68,10 Thousand

UAH 51,80 Thousand

UAH 49,10 Thousand

 

 

 

Key Data:

Amounts shown in Ukraine Hryvnia (UAH)

 

2007

2006

2005

Turnover

68.100

51.800

49.100

Noncurrent assets total

9.400

10.300

11.000

Capital and reserves total

16.300

13.200

12.200

Profit after taxation

3.100

900

200

 

 

 

Workforce:

 

01.01.2008

Total workforce

6

 

 

 

Imports:

According to official sources the Company carries ouy no impot/export transactions.

 

 

 

Exports:

According to official sources the Company carries ouy no impot/export transactions.

 

 

 

FINANCIAL INFORMATION

 

 

 

Financials:

Amounts shown in Ukraine Hryvnia (UAH)  

2007

2006

2005

 


BALANCE SHEET

 

ASSETS

I.

NON-CURRENT ASSETS

 

Construction-in-progress

0,00

0,00

0,00

 

Tangible assets

9.400,00

10.300,00

11.000,00

residual value

9.400,00

10.300,00

11.000,00

acquisition cost

15.100,00

15.100,00

15.100,00

accumulated depreciation

5.700,00

4.800,00

4.100,00

capital participation in other enterprises

0,00

0,00

0,00

 

Other noncurrent assets

0,00

0,00

0,00

 

Noncurrent assets total

9.400,00

10.300,00

11.000,00

II.

CURRENT ASSETS

raw materials, consumables and supplies

0,00

0,00

0,00

finished goods

0,00

0,00

0,00

net realizable value

6.900,00

5.000,00

5.000,00

acquisition cost

6.900,00

5.000,00

5.000,00

doubtful debts reserve

0,00

0,00

0,00

receivables due from public authorities (taxes etc.)

0,00

0,00

400,00

 

Other current accounts receivable

300,00

400,00

0,00

 

Current financial investments

0,00

0,00

0,00

 

Cash at bank and on hand

7.400,00

5.100,00

3.700,00

funds in local currency

7.400,00

5.100,00

3.700,00

funds in foreign currencies

0,00

0,00

0,00

 

Other current assets

0,00

0,00

0,00

 

Current assets total

14.600,00

10.500,00

9.100,00

 

Deferred charges

300,00

100,00

0,00

 

ASSETS TOTAL

24.300,00

20.900,00

20.100,00

 


EQUITY AND LIABILITIES

I.

CAPITAL AND RESERVES

 

Authorized capital

15.000,00

15.000,00

15.000,00

 

Additional paid-in capital

0,00

0,00

0,00

 

Reserve capital

0,00

0,00

0,00

 

Retained earnings (Uncovered loss)

1.300,00

-1.800,00

-2.800,00

 

Unpaid capital

0,00

0,00

0,00

 

Capital and reserves total

16.300,00

13.200,00

12.200,00

II.

Provisions for expenses and liabilities

 

Provisions for payments to personnel

0,00

0,00

0,00

 

Other provisions

0,00

0,00

0,00

 

Special purpose funding

0,00

0,00

0,00

 

Provisions for expenses and liabilities total

0,00

0,00

0,00

III.

Long-term liabilities

 

Long-term amounts owed to credit institutions

0,00

0,00

0,00

 

Other long-term financial liabilities

0,00

0,00

0,00

 

Deferred tax liabilities

0,00

0,00

0,00

 

Other long-term liabilities

0,00

0,00

0,00

 

Long-term liabilities

0,00

0,00

0,00

IV.

Current liabilities

 

Short-term amounts owed to credit institutions

0,00

0,00

0,00

 

Short-term portion of long-term liabilities

0,00

0,00

0,00

 

Trade creditors

100,00

1.100,00

900,00

liabilities to public funds

3.800,00

3.000,00

3.500,00

social security payable

1.000,00

900,00

900,00

accrued payroll

3.000,00

2.700,00

2.500,00

 

Other short-term liabilities

100,00

0,00

100,00

 

Current liabilities total

8.000,00

7.700,00

7.900,00

 

Deferred income

8.000,00

0,00

0,00

 

EQUITY AND LIABILITIES TOTAL

24.300,00

20.900,00

20.100,00

 

PROFIT AND LOSS ACCOUNT

 

Sales revenue (Income from sales of goods, works, services)

81.500,00

62.200,00

58.900,00

 

Value added tax

13.400,00

10.400,00

9.800,00

 

Net sales revenue (Turnover)

68.100,00

51.800,00

49.100,00

 

Gross

 

Other operating income

0,00

0,00

0,00

 

Operating

 

Other income

0,00

0,00

0,00

 

Extraordinary

 

income

0,00

0,00

0,00

 

Net

 

profit

3.100,00

900,00

200,00

 

loss

0,00

0,00

0,00

 


Operating charges details

 

Tangible expenses

1.500,00

600,00

300,00

 

Payroll costs

43.700,00

33.600,00

33.100,00

 

Allocation to social needs

12.900,00

9.300,00

10.300,00

 

Amortization charges

900,00

900,00

900,00

 

OPERATING CHARGES TOTAL

65.000,00

50.900,00

48.900,00

 

 

 

Approximate Exchange Rates:

2007: 6,9179 UAH = 1 EUR
2006: 6,3369 UAH = 1 EUR
2005: 6,3899 UAH = 1 EUR
2007: 5,05 UAH = 1 USD
2006: 5,05 UAH = 1 USD

 

 

 

Bankers:

Real Bank - Account no. 26002301924-UAH
Kharkiv

Real Bank - Account no. 26068301924-UAH
Kharkiv

 

 


 

Ratios:

 

2007

2006

2005

Return on sales, %
Profit after taxation / Turnover * 100

3,80

1,45

0,34

Return on investment, %
Profit after taxation / Capital and reserves total * 100

19,02

6,82

1,64

Return on assets ( ROA ), in%
(Profit after taxation / Total assets)*100

12,76

4,31

1,00

Net working capital
Current assets - Short term liabilities

UAH 6.600,00

UAH 2.800,00

UAH 1.200,00

Current assets turnover, %
Turnover / Current assets * 100

558,22

592,38

647,25

Leverage
Equity / Total assets

0,67

0,63

0,61

Current ratio
Current assets / Short term liabilities

1,83

1,36

1,15

Debt-to-equity ratio
(Short term liabilities + Long term liabilities) / Capital and reserves total

0,49

0,58

0,65

Debt Ratio
(Short term liabilities + Long term liabilities) / Total Assets

0,33

0,37

0,39

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.47.94

UK Pound

1

Rs.72.07

Euro

1

Rs.64.70

 

 

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%)

 

 

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