MIRA
INFORM REPORT
|
Report Date : |
16.02.2008 |
IDENTIFICATION
DETAILS
|
Name : |
DISTRIB'YUTORSKAYA KOMPANIYA AVALON |
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|
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|
Registered Office : |
Panfilova str., 19, bldg. 1, Business Centre, Khimki,
Moscow Region |
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|
|
Country : |
Russian Federation |
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|
Financials (as on) : |
01.01.2007 |
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|
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Date of Incorporation : |
1998 |
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|
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Com. Reg. No.: |
1025003513281 |
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|
Legal Form : |
Private Joint Stock Company |
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|
|
|
Line of Business : |
Wholesale and Retail Trade in Foodstuff, Tea, Coffe,
Tobacco Goods |
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 : |
USD 100 000 |
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|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Comments
Information
The address
and the telephone number mentioned in your inquiry belong to the company
Zakrytoe aktsyonernoe obschestvo "DISTRIB'YUTORSKAYA KOMPANIYA
"AVALON" (name in English: DISTRIBUTION COMPANY AVALON PRIVATE JOINT
STOCK COMPANY). We provide the report on this company.
Summary
Original Name Zakrytoe
aktsyonernoe obschestvo "DISTRIB'YUTORSKAYA KOMPANIYA "AVALON"
Legal Form ZAO
(Private Joint Stock Company by Russian Law)
Year of Foundation 1998
Sales 1 370 871
th RUR for 12 months, ended 01.01.2007
Employees 40
(approx.) on February, 15, 2008 (company's data)
Creditline Recommendations
Risk Category AVERAGE
RISK
Credit Limit 100
000 USD
Company Identification Details
Original Name Zakrytoe
aktsyonernoe obschestvo " DISTRIB'YUTORSKAYA KOMPANIYA "AVALON"
Short Name ZAO
"DISTRIB'YUTORSKAYA KOMPANIYA "AVALON"
Name in English DISTRIBUTION
COMPANY AVALON PRIVATE JOINT STOCK COMPANY
Address Panfilova
str., 19, bldg. 1, Business Centre, Khimki, Moscow Region, Russian Federation
Legal Address Panfilova
str., 19, bldg. 1, Khimki, Moscow Region, Russian Federation
Phone +7
(495) 9334646, 2215850
Fax +7
(495) 2215851
E-mail mail@avalongroup.ru
WEB Address www.avalongroup.ru
History 02.05.2007:
Legal Address changed from Olimpiyskiy prosp., 38, bldg. 5, Mytischi, Moscow
Region, 141006, Russian Federation
Official Company Data
Legal Form ZAO
(Private Joint Stock Company by Russian Law)
Date of Registration 30.07.2002
Registration Number 1025003513281
Statistic Code (OKPO) 18427874
Taxpayer Code (INN) 7703190816
Registration
Authority Ministry
for Taxes and Duties of Russian Federation
Inspection within Mytischi of Moscow Region
Public Record Information
Information The
company Zakrytoe aktsyonernoe obschestvo "DISTRIB'YUTORSKAYA KOMPANIYA
"AVALON" was not included in the published list of bankrupt
companies.
Share Capital
Current
Share Capital 111 300 000
RUR
Shareholders
Total 2
legal persons
Shareholder COMPANY
"CL HOLDING ACTIONGEZELLSHAFT"
Address Austria
Share 50 %
Shareholder COMPANY
"FELISITOS LIMITED"
Address Cyprus
Share 50 %
Directors
Director Mr
Ivanov Andrey Vasil'evich
Signature Right
Nationality Russian
Federation
Taxpayer Code (INN) 772130367215
Re-Registration Data
Initial Registration 02.04.1998
Registration Number 001.305.073
Registration Authority Moscow Register Chamber
Date of
Registration 30.07.2002
(Entering into the Single State Register of Legal Entities)
Registration Number 1025003513281
Registration
Authority Ministry
for Taxes and Duties of Russian Federation
Inspection within Mytischi of Moscow Region
Date of Re-registration 12.11.2002
File Number 2025003521300
Registration
Authority Ministry
for Taxes and Duties of Russian Federation
Inspection within Mytischi of Moscow Region
Changes Company's
Rules
Date of Re-registration 24.11.2004
File Number 2045005521713
Registration
Authority Ministry
for Taxes and Duties of Russian Federation
Inspection within Mytischi of Moscow Region
Changes Share
Capital
Date of Re-registration 30.12.2004
File Number 2045005526091
Registration
Authority Ministry
for Taxes and Duties of Russian Federation
Inspection within Mytischi of Moscow Region
Changes Company's
Rules
Date of Re-registration 09.03.2005
File Number 2055005107628
Registration
Authority Federal
Tax Service of Russian Federation
Inspection within Mytischi of Moscow Region
Changes Company's
Rules
Date of Re-registration 21.12.2005
File Number 2055005180261
Registration
Authority Federal
Tax Service of Russian Federation
Inspection within Mytischi of Moscow Region
Changes Company's
Rules
Date of Re-registration 25.04.2006
File Number 2065029126292
Registration
Authority Federal
Tax Service of Russian Federation
Inspection within Mytischi of Moscow Region
Changes Company's
Rules
Date of Re-registration 02.05.2007
File Number 2075029041514
Registration
Authority Federal
Tax Service of Russian Federation
Inspection within Mytischi of Moscow Region
Changes Legal
Address
Date of Re-registration 22.10.2007
File Number 2075047175421
Registration
Authority Federal
Tax Service of Russian Federation
Interregional Inspection ¹ 13 within Moscow Region
Changes Company's
Rules
Operations
Activities Wholesale
and retail trade in foodstuff, tea, coffe, tobacco goods.
Staff Employed 40 (approx.)
on February, 15, 2008 (company's data)
Real Estate
Own None
Rent Office,
shop, warehouse
Address: Panfilova
str., 19, bldg. 1, Business Centre, Khimki, Moscow Region, Russian Federation
(company's data)
Export & Import
Export Countries 2004-2006:
No Export Activity
Exported Goods none
Export Value none
Import
Countries 2006:
Sri Lanka, China, Vietnam, Netherlands, Germany Poland, USA, Lithuania, Kenya,
Indonesia, India, Latvia
2005: Sri Lanka, China, Netherlands, USA, Japan, Vietnam, Germany, Poland,
India, Kenya, Indonesia, Estonia, Switzerland
2004: Sri Lanka, Netherlands, Great Britain, China, Switzerland, USA, Germany,
Vietnam, Kazakhstan, Indonesia, India, Finland
Imported Goods tea,
tobacco goods
Import Value in
2006: 17 235 114 USD
in 2005: 676 476 712 RUR
in 2004: 694 278 563 RUR
Branches
Branch The
company has representations:
Address: Shefskaya str., 2, bldg. A, Ekaterinburg, Sverdlov Region, 620137, Russian
Federation
Address: Kombaynostroiteley pl., 2, Rostov-on-Don, 344029, Russian Federation
Address: Moskovskoe shosse, 70A, Samara, 443031, Russian Federation
The company has got a branch situated at the address:
Address: Severnoe shosse, 14, Serpukhov, Moscow Region, 142200, Russian
Federation
Participation
Information None
Related Companies
Information None
Bankers
Bank ZAO
"RAYFFAYZENBANK AVSTRIYA", bank code: 044525700 (Russian Federation)
Account(s) 40702810800001400248
(RUR)
Bank KB
"TRETIY RIM" (ZAO), bank code: 044579520 (Russian Federation)
Account(s) 40702810200000000021
(RUR)
Bank "KOMMERCHESKIY
BANK INDII" OOO, bank code: 044525500 (Russian Federation)
Account(s) 40702810000000001002
(RUR)
Financial Data
Profit and Loss (extract)
The following figures are shown
in units of 1000
|
Period, months |
12 |
12 |
12 |
12 |
|
Ended |
01.01.2007
|
01.01.2006
|
01.01.2005
|
01.01.2004
|
|
Currency |
RUR |
RUR |
RUR |
RUR |
|
SALES |
1370871
|
1702080
|
1456984
|
1256734
|
|
Cost of Goods sold |
1034600
|
1307019
|
1125786
|
1053013
|
|
GROSS PROFIT |
336271
|
395061
|
331198
|
203721
|
|
Distribution Costs |
339549
|
344762
|
265540
|
216209
|
|
Management Costs |
|
|
|
|
|
OPERATING PROFIT |
-3278
|
50299
|
65658
|
-12488
|
|
Non Trading Income |
-10625
|
-18882
|
-64091
|
13914
|
|
PRE TAX PROFIT |
-13903
|
31417
|
1567
|
1426
|
|
Taxation |
5297
|
11157
|
|
290 |
|
PROFIT AFTER TAX |
-18780
|
20199
|
6982
|
1024
|
Balance Sheet (extract)
|
The following figures are
shown in units of 1000 |
|
As at |
01.01.2007
|
01.01.2006
|
01.01.2005
|
01.01.2004
|
|
Currency |
RUR |
RUR |
RUR |
RUR |
|
TOTAL FIXED ASSETS |
49519
|
48039
|
18884
|
10876
|
|
Intangible Assets |
7190
|
5775
|
2915
|
1505
|
|
Fixed Assets |
12224
|
9173
|
10763
|
9259
|
|
TOTAL CURRENT ASSETS |
522962
|
633058
|
669774
|
467177
|
|
Stock |
193006
|
227031
|
246202
|
200549
|
|
Trade debtors |
280944
|
240036
|
280882
|
206683
|
|
Cash |
27620
|
58856
|
34380
|
30729
|
|
TOTAL ASSETS |
572481
|
681097
|
688658
|
478053
|
|
|
|
|
|
|
|
TOTAL EQUITY |
70608
|
90226
|
65872
|
58890
|
|
Share Capital |
111300
|
111300
|
111300
|
111300
|
|
Retained Profits |
-40692
|
-21074
|
-45428
|
-52410
|
|
TOTAL LONG TERM LIABS |
291156
|
153953
|
125569
|
102942
|
|
Long Term Loans |
269774
|
130318
|
125453
|
102818
|
|
TOTAL CURRENT LIABILITIES |
210717
|
436918
|
497217
|
316221
|
|
Short Term Loans |
72494
|
233725
|
139333
|
151427
|
|
Short Term Trade Creditors |
138223
|
203193
|
357884
|
164794
|
|
TOTAL EQUITY & LIABILITIES |
572481
|
681097
|
688658
|
478053
|
Key Credit Ratios
|
|
The following figures are
shown as Ratios or Percentages |
|
Accounts Date |
01.01.2007
|
01.01.2006
|
01.01.2005
|
01.01.2004
|
|
Current Ratio |
2,48
|
1,45
|
1,35
|
1,48
|
|
Working Capital, x1000 RUR |
312245
|
196140
|
172557
|
150956
|
|
Quick Ratio |
1,57
|
0,93
|
0,85
|
0,84
|
|
Debt to Equity Ratio |
7,11
|
6,55
|
9,45
|
7,12
|
|
Current Assets Turnover |
2,62
|
2,69
|
2,18
|
2,69
|
|
Total Assets Turnover Ratio |
2,39
|
2,5 |
2,12
|
2,63
|
|
Pre Tax Profit Margin, % |
-1,01
|
1,85
|
0,11
|
0,11
|
|
Gross Profit, % |
24,53
|
23,21
|
22,73
|
16,21
|
|
Return on Investment, % |
-19,69
|
34,82
|
2,38
|
2,42
|
|
Return on Assets, % |
-2,43
|
4,61
|
0,23
|
0,3 |
Clients & Suppliers
Clients
OOO
"YUNEKT YUNION" (Russian Federation)
OOO "UNIVERSAL'NYE PISCHEVYE TEKHNOLOGII" (Russian Federation)
OOO "PLANETA CHAYA" (Russian Federation)
OOO "INVESTPROD" (Russian Federation)
OOO "TABAK MARKET M" (Russian Federation)
OOO "MARKETREYD" (Russian Federation)
OOO "FIRMA SLATA" (Russian Federation)
OOO "TABAK-MARKET MSK" (Russian Federation)
OOO "SIBCHAY-SERVIS" (Russian Federation)
OOO "BENIFID" (Russian Federation)
Suppliers
M.J.F.TEAS
PVT LTD (Sri Lanka)
J.V.GOKAL CEYLON PVT LTD (Sri Lanka)
BRITISH AMERICAN TOBACCO NETHERLANDS BV (Netherlands)
GENRI WINTERMANS CIGARS B.V. (Netherlands)
MARTIN BAUER GMBH & KO.KG (Germany)
PT SARI VANGI A.E.A. (Indonesia)
NAT SHERMAN INC (USA)
HUNAN TEA COMPANY LIMITED (China)
OOO "ARS" (Russian Federation)
OOO "TIPOGRAFIYA "INDUSTRIYA TSVETA" (Russian Federation)
OOO "MOSKOVSKAYA CHAYNAYA FABRIKA" (Russian Federation)
OOO "RARITET" (Russian Federation)
OOO "GLOBAL INVESTMENT" (Russian Federation)
OOO "SDS-FUDS" (Russian Federation)
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 |
2915
|
5775
|
7190
|
|
Fixed assets |
120 |
10763
|
9173
|
12224
|
|
Construction in progress |
130 |
- |
294 |
- |
|
Income-bearing investments |
|
|
|
|
|
Long-term financial investments |
140 |
- |
- |
- |
|
Deferred tax assets |
145 |
5128
|
32740
|
30068
|
|
Other non-current assets |
150 |
78 |
57 |
37 |
|
Total section I |
190 |
18884
|
48039
|
49519
|
|
II.
CURRENT ASSETS |
|
|
|
|
|
Inventories |
210 |
246202
|
227031
|
193006
|
|
including : |
|
|
|
|
|
raw materials and other inventories |
211 |
29506
|
8595
|
8582
|
|
livestock |
212 |
- |
- |
- |
|
work in progress |
213 |
1429
|
1069
|
659 |
|
finished goods and goods for resale |
214 |
210385
|
193536
|
168972
|
|
goods dispatched |
215 |
- |
- |
- |
|
expenses related to future periods |
216 |
4882
|
23831
|
14793
|
|
other supplies and expenditures |
217 |
- |
- |
- |
|
Value added tax on purchased goods |
220 |
30572
|
25927
|
9103
|
|
Accounts receivable (payments |
|
|
|
|
|
including : |
|
|
|
|
|
buyers and customers |
231 |
- |
- |
- |
|
Accounts receivable (payments |
|
|
|
|
|
including : |
|
|
|
|
|
buyers and customers |
241 |
145082
|
189120
|
186100
|
|
Short-term investments |
250 |
74773
|
73325
|
10390
|
|
Monetary assets |
260 |
34380
|
58856
|
27620
|
|
Other current assets |
270 |
2965
|
7883
|
1899
|
|
Total section II |
290 |
669774
|
633058
|
522962
|
|
TOTAL
SECTIONS I and II |
300 |
688658
|
681097
|
572481
|
|
|
|
|
|
|
|
EQUITY
AND LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
III.
EQUITY AND RESERVES |
|
|
|
|
|
Share capital |
410 |
111300
|
111300
|
111300
|
|
Treasury shares |
411 |
- |
- |
- |
|
Additional capital |
420 |
- |
- |
- |
|
Legal reserve |
430 |
- |
- |
- |
|
including : |
|
|
|
|
|
reserves and provisions formed in |
|
|
|
|
|
reserves formed in accordance |
|
|
|
|
|
Retained earnings (loss) |
470 |
-45428
|
-21074
|
-40692
|
|
Total section III |
490 |
65872
|
90226
|
70608
|
|
IV.
NON-CURRENT LIABILITIES |
|
|
|
|
|
Borrowings |
510 |
125453
|
130318
|
269774
|
|
Deferred tax liabilities |
515 |
116 |
23635
|
21382
|
|
Other non-current liabilities |
520 |
- |
- |
- |
|
Total section IV |
590 |
125569
|
153953
|
291156
|
|
V.
CURRENT LIABILITIES |
|
|
|
|
|
Borrowings |
610 |
139333
|
233725
|
72494
|
|
Accounts payable |
620 |
357884
|
203193
|
138223
|
|
including : |
|
|
|
|
|
suppliers and contractors |
621 |
322579
|
157814
|
126542
|
|
salaries payable |
622 |
5419
|
4995
|
4037
|
|
payable to state non-budget funds |
623 |
1716
|
1703
|
1406
|
|
taxes payable |
624 |
2440
|
7365
|
1562
|
|
other creditors |
625 |
25730
|
31316
|
4676
|
|
Dividends payable to participants |
|
|
|
|
|
Income of future periods |
640 |
- |
- |
- |
|
Reserves for future expenses |
|
|
|
|
|
Other current liabilities |
660 |
- |
- |
- |
|
Total section V |
690 |
497217
|
436918
|
210717
|
|
TOTAL
SECTIONS III,IV,V |
700 |
688658
|
681097
|
572481
|
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 |
336271
|
395061
|
331198
|
|
Selling expenses |
030 |
339549
|
344762
|
265540
|
|
Administrative expenses |
040 |
- |
- |
- |
|
Profit (loss) from operations |
050 |
-3278
|
50299
|
65658
|
|
OTHER INCOME AND EXPENSES |
|
|
|
|
|
Interest income |
060 |
601 |
510 |
36 |
|
Interest expenses |
070 |
29782
|
28232
|
16012
|
|
Income from investments in other |
|
|
|
|
|
Other operating income |
090 |
439779
|
572493
|
433351
|
|
Other operating expenses |
100 |
424517
|
563653
|
452806
|
|
Non-operating income |
120 |
- |
- |
43019
|
|
Non-operating expenses |
130 |
- |
- |
71679
|
|
Profit (loss) before profit tax |
140 |
-13903
|
31417
|
1567
|
|
Deferred tax assets |
141 |
2672
|
475 |
5531
|
|
Deferred tax liabilities |
142 |
2252
|
536 |
116 |
|
Current profit tax |
150 |
5297
|
11157
|
- |
|
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%)