MIRA
INFORM REPORT
|
Report Date : |
19.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
POLYMERS SERVICE LTD |
|
|
|
|
Registered Office : |
Ul. Novokrymskaya, 3 .kv. 25,
Dnepropetrovsk |
|
|
|
|
Country : |
Ukraine |
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|
|
|
Financials (as on) : |
30.06.2007 |
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|
|
|
Date of Incorporation : |
28.01.1998 |
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|
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Com. Reg. No.: |
12241200000018005 |
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|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Sale of Furniture Fittings |
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 |
|
Maximum Credit Limit : |
EUR 30,000 |
|
|
|
|
Status : |
Small Company |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
|
|
Litigation : |
Clear |
name and address of the company
OOO POLIMERSERVIS
ul. Novokrymskaya, 3 .kv. 25, Dnepropetrovsk, UKRAINE
Telephone: (056)3717034, (0562)320427, (0562)318881, (0562)318889, (0562)362865
Fax: (0562)318881, (0562)318889, (0562)362865
Legal form
Limited liability Company (OOO)
Established
1998
Registration
# 12241200000018005 from 28.01.1998 - First
registration, Public Administration in Krasnogvardeiskii district,
Dnepropetrovsk
Certificate 4514022
Statistical number 25022333
INN (tax number) 250223304661
Share capital
UAH 30,000 1.01.2007
Shareholders
Rudenko Dmitrii Aleksandrovich - 50%
Belous Lyudmila Semenovna - 50%
Management
Matienko Natalya Anatolevna -
Chief-accountant
Rudenko Dmitrii Aleksandrovich - Director
General data
Main
activity:
Sale of furniture fittings
Legal address:
UKRAINE, Dnepropetrovsk, ul. Novokrymskaya, 3, kv. 25
Virtual address:
49070, UKRAINE, Dnepropetrovsk, ul. Chkalova, 28 («Trio» store)
Staff
25 employees
Annual sales
2005 UAH - 6,523,400
2006 UAH - 11,731,800
Real estate
On 1.07.2007:
Fixed assets
-residual value - 0
-original value - 8,100 UAH
-tear & wear - 8,100 UAH
Balance sheet
s. appendix
Remarks
ООО
ПОЛИМЕРСЕРВИС
Short name: OOO POLIMERSERVIS
Auditor
no data
Suppliers/partners:
no data
Main
consumers:
no data
Main
competitors:
no data
Subsidiary
no data
Associated
companies
no data
Branches:
no data
IMPORT
no
EXPORT
no
Bankers
Dnepropetrovskii branch of OAO KB Yuzhkombank
UKRAINE, Dnepropetrovsk, ul. Rogaleva, d. 12
- acc. 26008010058420 - settlement.account. (opened 22.06.2000)
KB PROMEKONOMBANK, branch in Dnepropetrovsk
UKRAINE, 49000, Dnepropetrovsk, Karla Marksa av., 71
- acc. 2606698022920 - settlement.account. (opened 29.03.2004)
- acc. 2606798022921 - settlement.account. (opened 29.03.2004)
- acc. 2600198022921 - settlement.account. (opened 5.02.2003)
- acc. 2600681022920 - currency.account. (opened 18.07.2001)
- acc. 2600098022920 - settlement.account. (opened 18.07.2001)
Mode of payment
On place claims are unknown
Credit opinion Business connection is not denied.
Maximal credit in the sum of EUR 30,000 is possible.
BALANCE SHEET (UAH)
|
|
|
|
31.12.2005 |
|
31.12.2006 |
|
30.6.2007 |
|
І.
Noncurrent assets |
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|
|
|
|
|
|
|
Intangible
assets: |
|
|
|
|
|
|
|
|
-residual value |
010 |
|
0 |
|
0 |
|
0 |
|
-original value |
011 |
|
0 |
|
0 |
|
0 |
|
-tear & wear
|
012 |
|
0 |
|
0 |
|
0 |
|
Uncompleted
building |
020 |
|
0 |
|
0 |
|
0 |
|
Fixed assets |
|
|
|
|
|
|
|
|
-residual value |
030 |
|
2,200 |
|
2,200 |
|
0 |
|
-original value |
031 |
|
8,100 |
|
8,100 |
|
8,100 |
|
-tear & wear
|
032 |
|
5,900 |
|
5,900 |
|
8,100 |
|
Long term
financial investments |
|
|
|
|
|
|
|
|
-as participation
in capital of other companies |
040 |
|
0 |
|
0 |
|
0 |
|
-other financial
investments |
045 |
|
0 |
|
0 |
|
0 |
|
Long term
accounts receivable |
050 |
|
0 |
|
0 |
|
0 |
|
Deferred taxes |
060 |
|
0 |
|
0 |
|
0 |
|
Other noncurrent
assets |
070 |
|
10,300 |
|
10,300 |
|
0 |
|
Total Noncurrent
assets |
080 |
|
12,500 |
|
12,500 |
|
0 |
|
ІІ.
Current assets |
|
|
|
|
|
|
|
|
Resources |
|
|
|
|
|
|
|
|
-production
resources |
100 |
|
0 |
|
0 |
|
0 |
|
-fattening
animals |
110 |
|
0 |
|
0 |
|
0 |
|
-goods in
progress |
120 |
|
0 |
|
0 |
|
0 |
|
-finished goods |
130 |
|
0 |
|
0 |
|
0 |
|
Goods |
140 |
|
394,600 |
|
394,600 |
|
1,355,900 |
|
Notes received |
150 |
|
0 |
|
0 |
|
0 |
|
Accounts
receivable for goods: |
|
|
|
|
|
|
|
|
-Net value |
160 |
|
1,947,700 |
|
1,947,700 |
|
6,877,700 |
|
-primary cost |
161 |
|
1,947,700 |
|
1,947,700 |
|
6,877,700 |
|
-reserve of
doubtful debts |
162 |
|
0 |
|
0 |
|
0 |
|
Accounts
receivable for: |
|
|
|
|
|
|
|
|
-budget |
170 |
|
54,500 |
|
54,500 |
|
20,800 |
|
-paid advances |
180 |
|
0 |
|
0 |
|
0 |
|
-accrual income |
190 |
|
0 |
|
0 |
|
0 |
|
-internal
payments |
200 |
|
0 |
|
0 |
|
0 |
|
Other accounts
receivable |
210 |
|
0 |
|
0 |
|
0 |
|
Current
financial investments |
220 |
|
0 |
|
0 |
|
0 |
|
Cash: |
|
|
|
|
|
|
|
|
-in national
currency |
230 |
|
5,700 |
|
5,700 |
|
0 |
|
-in foreign
currency |
240 |
|
0 |
|
0 |
|
0 |
|
Other current
assets |
250 |
|
0 |
|
0 |
|
0 |
|
Total Current
assets |
260 |
|
2,402,500 |
|
2,402,500 |
|
8,254,400 |
|
ІІІ.
Expenses of the future periods |
270 |
|
0 |
|
0 |
|
0 |
|
Total assets |
280 |
|
2,415,000 |
|
2,415,000 |
|
8,254,400 |
|
LIABILITIES |
|
|
|
|
|
|
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І. Own
capital |
|
|
|
|
|
|
|
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Authorized fond |
300 |
|
30,000 |
|
30,000 |
|
30,000 |
|
Stock capital |
310 |
|
0 |
|
0 |
|
0 |
|
Additional
capital |
320 |
|
7,300 |
|
7,300 |
|
7,300 |
|
Other additional
capital |
330 |
|
0 |
|
0 |
|
0 |
|
Reserve capital |
340 |
|
0 |
|
0 |
|
0 |
|
Undistributed
profit (uncovered loss) |
350 |
|
149,600 |
|
149,600 |
|
193,000 |
|
Unpaid capital |
360 |
|
0 |
|
0 |
|
0 |
|
Extracted capital
|
370 |
|
0 |
|
0 |
|
0 |
|
Total Own
capital |
380 |
|
186,900 |
|
186,900 |
|
230,300 |
|
ІІ.
Supporting of future expenses and payments |
|
|
|
|
|
|
|
|
Supporting of
payments for staff |
400 |
|
0 |
|
0 |
|
0 |
|
Other supportings
|
410 |
|
0 |
|
0 |
|
0 |
|
Other
supportings 1 |
415 |
|
0 |
|
0 |
|
0 |
|
Other
supportings 2 |
416 |
|
0 |
|
0 |
|
0 |
|
Other
supportings 3 |
417 |
|
0 |
|
0 |
|
0 |
|
Other
supportings 4 |
418 |
|
0 |
|
0 |
|
0 |
|
Special purpose
funding |
420 |
|
0 |
|
0 |
|
0 |
|
Total part
ІІ |
430 |
|
0 |
|
0 |
|
0 |
|
ІІІ.
Longterm liabilities |
|
|
|
|
|
|
|
|
Longterm bank
credits |
440 |
|
0 |
|
0 |
|
0 |
|
Other longterm
financial liabilities |
450 |
|
0 |
|
0 |
|
0 |
|
Deferred tax
liabilities |
460 |
|
0 |
|
0 |
|
0 |
|
Other longterm
liabilities |
470 |
|
0 |
|
0 |
|
0 |
|
Total Longterm
liabilities |
480 |
|
0 |
|
0 |
|
0 |
|
IV. Current
liabilities |
|
|
|
|
|
|
|
|
Shortterm bank credits
|
500 |
|
0 |
|
0 |
|
29,600 |
|
Current debts
for longterm liabilities |
510 |
|
0 |
|
0 |
|
0 |
|
Notes payable |
520 |
|
0 |
|
0 |
|
0 |
|
Liabilities for
goods and services |
530 |
|
2,227,800 |
|
2,227,800 |
|
7,632,000 |
|
Current
liabilities for debts: |
|
|
|
|
|
|
|
|
received
advances |
540 |
|
0 |
|
0 |
|
0 |
|
-budget |
550 |
|
0 |
|
0 |
|
600 |
|
-offbudget
payments |
560 |
|
0 |
|
0 |
|
0 |
|
-insurance |
570 |
|
300 |
|
300 |
|
7,600 |
|
-remuneration of
labour |
580 |
|
0 |
|
0 |
|
13,400 |
|
-with members |
590 |
|
0 |
|
0 |
|
0 |
|
-internal
payments |
600 |
|
0 |
|
0 |
|
0 |
|
Other current
liabilities |
610 |
|
0 |
|
0 |
|
340,900 |
|
Total current
liabilities |
620 |
|
2,228,100 |
|
2,228,100 |
|
8,024,100 |
|
V. Income of the
future periods |
630 |
|
0 |
|
0 |
|
0 |
|
Total
liabilities |
640 |
|
2,415,000 |
|
2,415,000 |
|
8,254,400 |
PROFIT AND LOSS STATEMENT (UAH)
|
|
|
|
1.01.2006 |
1.01.2007 |
1.07.2007 |
|
|
|
|
|
|
|
|
Sales proceeds |
010 |
|
6,523,400 |
11,731,800 |
7,068,500 |
|
Value added tax |
015 |
|
1,087,200 |
1,955,300 |
1,178,100 |
|
Excise tax |
020 |
|
0 |
0 |
0 |
|
|
025 |
|
0 |
0 |
0 |
|
Other charges
from income |
030 |
|
0 |
0 |
170,200 |
|
Net operating
income |
035 |
|
5,436,200 |
9,776,500 |
5,720,200 |
|
Cost of goods
sold |
040 |
|
4,972,200 |
9,475,500 |
5,532,700 |
|
Gross: |
|
|
|
|
|
|
-profit |
050 |
|
464,000 |
301,000 |
187,500 |
|
-loss |
055 |
|
0 |
0 |
0 |
|
Other operation
income |
060 |
|
0 |
0 |
0 |
|
Administrative
expenses |
070 |
|
120,400 |
150,500 |
108,900 |
|
Marketing costs |
080 |
|
0 |
0 |
0 |
|
Other operating
expenses |
090 |
|
302,900 |
115,200 |
29,800 |
|
Financial result
from operating activity: |
|
|
|
|
|
|
-profit |
100 |
|
40,700 |
35,300 |
48,800 |
|
-loss |
105 |
|
0 |
0 |
0 |
|
Income from
interest |
110 |
|
0 |
0 |
0 |
|
Other financial
incomes |
120 |
|
0 |
0 |
0 |
|
Other incomes |
130 |
|
0 |
0 |
0 |
|
Financial
expenses |
140 |
|
0 |
0 |
300 |
|
Expenses from
interest |
150 |
|
0 |
0 |
0 |
|
Other expenses |
160 |
|
0 |
0 |
0 |
|
Financial results
from ordinary activity before the taxation: |
|
|
|
|
|
|
-profit |
170 |
|
40,700 |
35,300 |
48,500 |
|
-loss |
175 |
|
0 |
0 |
0 |
|
Tax profit |
180 |
|
16,500 |
10,500 |
5,100 |
|
Financial
results from ordinary activity |
|
|
|
|
|
|
-profit |
190 |
|
24,200 |
24,800 |
43,400 |
|
-loss |
195 |
|
0 |
0 |
0 |
|
Extraordinary: |
|
|
0 |
0 |
0 |
|
-income |
200 |
|
0 |
0 |
0 |
|
-expenses |
205 |
|
0 |
0 |
0 |
|
Extraordinary
income tax |
210 |
|
0 |
0 |
0 |
|
Net: |
|
|
|
|
|
|
-profit |
220 |
|
24,200 |
24,800 |
43,400 |
|
-loss |
225 |
|
0 |
0 |
0 |
|
II. Elements of
operational expenses |
|
|
|
|
|
|
Tangible costs |
230 |
|
0 |
0 |
0 |
|
Labour costs |
240 |
|
66,600 |
91,700 |
75,000 |
|
Social measures
costs |
250 |
|
27,300 |
33,700 |
27,500 |
|
Depreciation |
260 |
|
800 |
2,200 |
0 |
|
Other
operational expenses |
270 |
|
25,700 |
22,900 |
36,200 |
|
Total |
280 |
|
120,400 |
150,500 |
138,700 |
|
III. Finance
indicators |
|
|
|
|
|
|
Annual average
of ordinary shares |
300 |
|
0 |
0 |
0 |
|
Corrected annual
average of ordinary shares |
310 |
|
0 |
0 |
0 |
|
Net profit on
one share |
320 |
|
0 |
0 |
0 |
|
Corrected net
profit on one share |
330 |
|
0 |
0 |
0 |
|
Dividends on one
ordinary share |
340 |
|
0 |
0 |
0 |
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%)