MIRA INFORM REPORT

 

 

Report Date :

10.01.2008

 

IDENTIFICATION DETAILS

 

Name :

ARIZETTO LIMITED LIABILITY COMPANY

 

 

Registered Office :

Alleya Lipovaya, 9, St.-Petersburg, 197183

 

 

Country :

Russian Federation

 

 

Financials (as on) :

01.01.2007

 

 

Date of Incorporation :

06.02.2004

 

 

Com. Reg. No.:

1047800006583

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture and Sales of Jewelry.

 

 

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 :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

 

 

Summary

 

 

Original Name                     Obschestvo s ogranichennoy otvetstvennostyu "ARIZETTO"

Legal Form                          OOO (Limited Liability Company by Russian Law)

Year of Foundation              2004

Sales                                    56 086 th RUR for 12 months, ended 01.01.2007

Employees                           20 (approx.) (company's data)

 

 

Creditline Recommendations

 

 

Risk Category                       ABOVE AVERAGE RISK

Credit Limit                          Crediting is possible only in the case of guarantees or security.

 

 

Company Identification Details

 

 

Original Name                     Obschestvo s ogranichennoy otvetstvennostyu "ARIZETTO"

Short Name                          OOO "ARIZETTO"

Name in English                   ARIZETTO LIMITED LIABILITY COMPANY

Address                                Alleya Lipovaya, 9, St.-Petersburg, 197183, Russian Federation

Legal Address                      Alleya Lipovaya, 9, St.-Petersburg, 197183, Russian Federation

Phone                                  +7 (812) 3311411

Fax                                      +7 (812) 3311411

E-mail                                  shuvalov_ariz@rambler.ru

WEB Address                       none

 

History 10.11.2005: Legal Address changed from Tuchkov per., 15, liter B, office 2N, St.-   Petersburg, 199004, Russian Federation

 

 

Official Company Data

 

 

Legal Form                          OOO (Limited Liability Company by Russian Law)

Date of Registration             06.02.2004

Registration Number            1047800006583

Statistic Code (OKPO)          71447035

Taxpayer Code (INN)            7801256906

Registration Authority          Ministry for Taxes and Duties of Russian Federation Inspection within Vasileostrovskiy District of St.-Petersburg

 

 

Public Record Information

 

 

Information     The company Obschestvo s ogranichennoy otvetstvennostyu "ARIZETTO" was not included in the published list of bankrupt companies.

 

 

 

Share Capital

 

 

Current Share Capital          14 000 RUR

 

 

Shareholders

 

 

Total                                    1 legal person and 1 private person

                                             

Shareholder                         MILLAR EXPORT LLP

Address                                Great Britain

Share                                   25 %

                                             

Shareholder                         Mr Shuvalov Dmitriy Removich

Nationality                           Russian Federation

Taxpayer Code (INN)            781621612720

Share                                   75 %

 

 

Directors

 

 

Director                                Mr Shuvalov Dmitriy Removich
Signature Right

Nationality                           Russian Federation

Taxpayer Code (INN)            781621612720

 

 

Re-Registration Data

 

 

Date of Registration             06.02.2004
(Entering into the Single State Register of Legal Entities)

Registration Number            1047800006583

Registration Authority          Ministry for Taxes and Duties of Russian Federation
Inspection within Vasileostrovskiy District of St.-Petersburg

                                             

Date of Re-registration         29.08.2005

File Number                         2057811986967

Registration Authority          Federal Tax Service of Russian Federation
Interregional Inspection N 15 within St.-Petersburg

Changes                               Company's Rules

                                             

Date of Re-registration         10.11.2005

File Number                         2057812833868

Registration Authority          Federal Tax Service of Russian Federation
Interregional Inspection N 15 within St.-Petersburg

Changes                               Legal Address

                                             

Date of Re-registration         04.12.2006

File Number                         2069847577017

Registration Authority          Federal Tax Service of Russian Federation
Interregional Inspection N 15 within St.-Petersburg

Changes                               Company's Rules

                                             

Date of Re-registration         01.06.2007

File Number                         6077847969259

Registration Authority          Federal Tax Service of Russian Federation
Interregional Inspection N 15 within St.-Petersburg

Changes                               Company's Rules

 

 

Operations

 

 

Activities                              Manufacture and sales of jewelry.

                                             

Staff Employed                    20 (approx.) (company's data)

 

 

Real Estate

 

 

Own                                     None

Rent                                     Office, industrial area, warehouse
Address: Alleya Lipovaya, 9, St.-Petersburg, 197183, Russian Federation
(company's data)

 

 

Export & Import

 

 

Export Countries                  2005: Israel

Exported Goods                   jewelry

Export Value                        in 2006: none
in 2005: 28 709 935 RUR
in 2004: none

                                             

Import Countries                  2004-2006: No Import Activity

Imported Goods                   none

Import Value                        none

 

 

Branches

 

 

Branch                                 None

 

 

Participation

 

 

Information                          OOO "ALMAZ-MARKET"
Registration number: 1047855113019
Share: 50 %

 

 

Related Companies

 

 

Information                          Mr Shuvalov Dmitriy Removich is also the shareholder of companies:

                                            OOO "ALMAZYUVELIRTORG"
Registration number: 1047855099115

ZAO "NBK"
Registration number: 1047855031366

 

 

Bankers

 

 

Bank                                    OAO "AB "ROSSIYA", bank code: 044030861 (Russian Federation)

 

Account(s)                            40702810700000002644 (RUR)

 

 

Financial Data

 

 

Profit and Loss (extract)

 

The following figures are shown in units of 1000

 

Period, months                              12                    12                     12                      

Ended                                            01.01.2007        01.01.2006         01.01.2005         

Currency                                        RUR                 RUR                  RUR                  

SALES                                           56086               93571                1524                  

Cost of Goods sold                          61428               89637                688                    

GROSS PROFIT                             -5342                3934                  836                    

Distribution Costs                            175                   475                    54                      

Management Costs                          1934                 1847                  414                    

OPERATING PROFIT                      -7451                1612                  368                    

Non Trading Income                         870                   -1300                 -27                     

PRE TAX PROFIT                           -6581                312                    341                    

Taxation                                                                  111                    83                      

PROFIT AFTER TAX                       -6581                201                    258                    

 

Balance Sheet (extract)

 

The following figures are shown in units of 1000

 

As at                                              01.01.2007        01.01.2006         01.01.2005         

Currency                                        RUR                 RUR                  RUR                  

TOTAL FIXED ASSETS                   8                      1829                  1066                  

Intangible Assets                                                                                                       

Fixed Assets                                   3                      1824                  1051                  

TOTAL CURRENT ASSETS             41332               48658                68996                

Stock                                              93                    104                    29763                

Trade debtors                                  39339               43379                38770                

Cash                                               11                    6                                                

TOTAL ASSETS                             41340               50487                70062                

                                                                                                                                

TOTAL EQUITY                               -6107                473                    272                    

Share Capital                                   14                    14                     14                      

Retained Profits                               -6123                457                    256                    

TOTAL LONG TERM LIABS            6400                 15828                                         

Long Term Loans                             6400                 15828                                         

TOTAL CURRENT LIABILITIES       41047               34186                69790                

Short Term Loans                            1060                 17270                483                    

Short Term Trade Creditors               39987               16916                69307                

TOTAL EQUITY & LIABILITIES        41340               50487                70062                

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date                                01.01.2007        01.01.2006         01.01.2005         

Current Ratio                                 1,01                  1,42                   0,99                   

Working Capital, x1000 RUR          285                   14472                -794                   

Quick Ratio                                    1                      1,42                   0,56                   

Debt to Equity Ratio                       -7,77                 105,74               256,58               

Current Assets Turnover                1,36                  1,92                   0,02                   

Total Assets Turnover Ratio           1,36                  1,85                   0,02                   

Pre Tax Profit Margin, %                -11,73               0,33                   22,38                 

Gross Profit, %                               -9,52                 4,2                    54,86                 

Return on Investment, %                (107,76)            65,96                 125,37               

Return on Assets, %                       -15,92               0,62                   0,49                   

 

 

Clients & Suppliers

 

 

Clients                                  YOHANN BENAROCHE (Israel)

                                             

Suppliers                             OOO "RUSSKAYA MANUFAKTURA" (Russian Federation)

 

 

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

as at
01.01.2007

 

 

 

 

 

I. NON-CURRENT ASSETS

 

 

 

 

Intangible assets

110

-

-

-

Fixed assets

120

1051

1824

3

Construction in progress

130

15

-

-

Income-bearing investments
in tangible assets


135


-


-


-

Long-term financial investments

140

-

5

5

Deferred tax assets

145

-

-

-

Other non-current assets

150

-

-

-

Total section I

190

1066

1829

8

II. CURRENT ASSETS

 

 

 

 

Inventories

210

29763

104

93

including :

 

 

 

 

 raw materials and other inventories

211

135

83

93

 livestock

212

-

-

-

 work in progress

213

5442

-

-

 finished goods and goods for resale

214

24186

-

-

 goods dispatched

215

-

-

-

 expenses related to future periods

216

-

21

-

 other supplies and expenditures

217

-

-

-

Value added tax on purchased goods

220

463

2357

1809

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


38770


43379


39339

including :

 

 

 

 

 buyers and customers

241

38770

35362

20711

Short-term investments

250

-

2812

80

Monetary assets

260

-

6

11

Other current assets

270

-

-

-

Total section II

290

68996

48658

41332

TOTAL SECTIONS I and II

300

70062

50487

41340


 


 


 


 


 

EQUITY AND LIABILITIES

 

 

 

 

 

 

 

 

 

III. EQUITY AND RESERVES

 

 

 

 

Share capital

410

14

14

14

Treasury shares

411

-

-

-

Additional capital

420

-

-

-

Legal reserve

430

2

2

2

including :

 

 

 

 

 reserves and provisions formed in
 accordance with legislation


431


-


-


-

 reserves formed in accordance
 with foundation documents


432


2


2


2

Retained earnings (loss)

470

256

457

-6123

Total section III

490

272

473

-6107

IV. NON-CURRENT LIABILITIES

 

 

 

 

Borrowings

510

-

15828

6400

Deferred tax liabilities

515

-

-

-

Other non-current liabilities

520

-

-

-

Total section IV

590

-

15828

6400

V. CURRENT LIABILITIES

 

 

 

 

Borrowings

610

483

17270

1060

Accounts payable

620

69307

16916

39987

including :

 

 

 

 

 suppliers and contractors

621

31980

15255

13245

 salaries payable

622

-

57

86

 payable to state non-budget funds

623

-

54

71

 taxes payable

624

85

23

118

 other creditors

625

37242

1527

26467

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

69790

34186

41047

TOTAL SECTIONS III,IV,V

700

70062

50487

41340

 

 

 

PROFIT AND LOSS ACCOUNT

 

The following figures are shown in units of 1000

 


 PARAMETER

Line code

 
01.01.2007

 
01.01.2006

 
01.01.2005

 

 

 

 

 

INCOME FROM AND EXPENSES ON ORDINARY ACTIVITIES

 

 

 

 

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


010


56086


93571


1524

Cost of goods, products, work,
services sold


020


61428


89637


688

Gross profit

029

-5342

3934

836

Selling expenses

030

175

475

54

Administrative expenses

040

1934

1847

414

Profit (loss) from operations

050

-7451

1612

368

OTHER INCOME AND EXPENSES

 

 

 

 

Interest income

060

-

-

-

Interest expenses

070

1415

714

-

Income from investments in other
companies


080


-


-


-

Other operating income

090

107565

94225

-

Other operating expenses

100

105280

94811

9

Non-operating income

120

-

-

147

Non-operating expenses

130

-

-

165

Profit (loss) before profit tax

140

-6581

312

341

Deferred tax assets

141

-

-

-

Deferred tax liabilities

142

-

-

-

Current profit tax

150

-

111

83

Net profit (loss) for the reporting
period


190


-6581


201


258

 

 

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%)

 

 

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