MIRA
INFORM REPORT
|
Report Date : |
29.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
OSTIN LIMITED LIABILITY COMPANY |
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Registered Office : |
Yaroslavskaya Str., 8, Bldg. 7, Office 304, Moscow, 129164 |
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Country : |
Russian Federation |
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Financials (as on) : |
01.01.2007 |
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Date of Incorporation : |
27.06.2005 |
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Com. Reg. No.: |
1057747320003 |
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Legal Form : |
Limited Liability Company by Russian Law |
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Line of Business : |
Wholesale Trade in Clothing, Footwear, Handbags,
Accessories. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 500 000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Comments
Information
The
properties mentioned in your inquiry belong to the company Obschestvo s
ogranichennoy otvetstvennostyu "OSTIN" (name in English: OSTIN
LIMITED LIABILITY COMPANY).
Ms Inna Vladimirovna Isankova mentioned in your inquiry is the employee of this
company.
We provide the report on this company.
Summary
Original Name Obschestvo
s ogranichennoy otvetstvennostyu "OSTIN"
Legal Form OOO
(Limited Liability Company by Russian Law)
Year of Foundation 2005
Sales 564
977 th RUR for 12 months, ended 01.01.2007
Employees 50
(approx.) (company's data)
Creditline Recommendations
Risk Category BELOW
AVERAGE RISK
Credit Limit 500
000 USD
Company Identification Details
Original Name Obschestvo
s ogranichennoy otvetstvennostyu "OSTIN"
Short Name OOO
"OSTIN"
Name in English OSTIN
LIMITED LIABILITY COMPANY
Address Yaroslavskaya
str., 8, bldg. 7, office 304, Moscow, 129164, Russian Federation
Legal Address Profsoyuznaya
str., 61A, Moscow, 117420, Russian Federation
Phone +7
(495) 9747872, 9747962
Fax +7
(495) 9747872, 9747962
E-mail info@o-stin.ru
WEB Address www.o-stin.ru
man-isankova@ostin.ru
History 09.07.2007:
Legal Address changed from Profsoyuznaya str., 144, Moscow, 117321, Russian
Federation
Official Company Data
Legal Form OOO
(Limited Liability Company by Russian Law)
Date of Registration 27.06.2005
Registration Number 1057747320003
Statistic Code (OKPO) 77522753
Taxpayer Code (INN) 7728551510
Registration Authority Federal Tax Service of Russian
Federation
Interregional Inspection N 46 within Moscow
Public Record Information
Information
The
company Obschestvo s ogranichennoy otvetstvennostyu "OSTIN" was not
included in the published list of bankrupt companies.
Share Capital
Current Share Capital 123 534 845 RUR (since 25.05.2007)
Shareholders
Total 1
legal person
Shareholder WESTINAR
LIMITED LLC
Address Cyprus
Registration Number 160877
Share 100 %
Directors
Director Mr
Frolov Vasiliy Anatol'evich
Signature Right
Nationality Russian
Federation
Re-Registration Data
Date of
Registration 27.06.2005
(Entering into the Single State Register of Legal Entities)
Registration Number 1057747320003
Registration
Authority Federal
Tax Service of Russian Federation
Interregional Inspection N 46 within Moscow
Date of Re-registration 24.11.2005
File Number 2057749215984
Registration
Authority Federal
Tax Service of Russian Federation
Interregional Inspection N 46 within Moscow
Changes Company's
Rules
Date of Re-registration 27.02.2006
File Number 2067746445809
Registration
Authority Federal
Tax Service of Russian Federation
Interregional Inspection N 46 within Moscow
Changes Company's
Rules
Date of Re-registration 19.06.2006
File Number 9067746274500
Registration
Authority Federal
Tax Service of Russian Federation
Interregional Inspection N 46 within Moscow
Changes Company's
Rules
Date of Re-registration 15.11.2006
File Number 2067759740409
Registration
Authority Federal
Tax Service of Russian Federation
Interregional Inspection N 46 within Moscow
Changes Company's
Rules
Date of Re-registration 06.03.2007
File Number 7077746982450
Registration
Authority Federal
Tax Service of Russian Federation
Interregional Inspection N 46 within Moscow
Changes Company's
Rules
Date of Re-registration 25.05.2007
File Number 2077755740951
Registration
Authority Federal
Tax Service of Russian Federation
Interregional Inspection N 46 within Moscow
Changes Share
Capital
Date of Re-registration 09.07.2007
File Number 2077757726066
Registration
Authority Federal
Tax Service of Russian Federation
Interregional Inspection N 46 within Moscow
Changes Legal
Address
Date of Re-registration 09.10.2007
File Number 2077761095960
Registration
Authority Federal
Tax Service of Russian Federation
Interregional Inspection N 46 within Moscow
Changes Company's
Rules
Date of Re-registration 09.11.2007
File Number 2077762293849
Registration
Authority Federal
Tax Service of Russian Federation
Interregional Inspection N 46 within Moscow
Changes Company's
Rules
Operations
Activities Wholesale
trade in clothing, footwear, handbags, accessories.
Staff Employed 50
(approx.) on April, 28, 2008 (company's data)
Employees' History 50 (approx.)
on July, 06, 2007 (company's data)
Real Estate
Own None
Rent Office
Address: Yaroslavskaya str., 8, bldg. 7, office 304, Moscow, 129164, Russian
Federation
(company's data)
Office, warehouse
Address: Yaroslavskaya str., 8, bldg. 7, Moscow, 129164, Russian Federation
(company's data)
Export & Import
Export
Countries 2007:
Ukraine
2006: Ukraine
Exported Goods clothes,
handbags
Export Value in
2007: 29 866 USD
in 2006: 1 591 USD
in 2005: none
Import
Countries 2007:
China, Turkey, Hong Kong, India
2006: China, Hong Kong, Turkey
Imported Goods clothing,
footwear, handbags, accessories
Import Value in
2007: 34 335 775 USD
in 2006: 12 506 285 USD
in 2005: none
Branches
Branch None
Participation
Information OOO
"SM-YUG"
Registration Number: 1066163064032
OOO "SM-SEVER"
Registration Number: 1067847725296
OOO "SM-SIBIR'"
Registration Number: 1065407146991
OOO "SM-POVOLZH'E"
Registration Number: 1066319098053
Related Companies
Information
According
to the data of the Single State Register of Legal Entities of Russian
Federation the company OOO "OSTIN" is the shareholder of companies:
OOO "SM-POVOLZH'E"
Registration number: 1066319098053
OOO "SM- SIBIR'"
Registration number: 1065407146991
Bankers
Bank "MOSKOVSKIY
KREDITNYY BANK" OAO (Russian Federation)
Account(s) Not
available
Financial Data
Profit and Loss (extract)
The following figures are shown
in units of 1000
|
Period, months |
12 |
12 |
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|
Ended |
01.01.2007
|
01.01.2006
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Currency |
RUR |
RUR |
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SALES |
564977
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Cost of Goods sold |
288797
|
261 |
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GROSS PROFIT |
276180
|
-261
|
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Distribution Costs |
188639
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Management Costs |
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OPERATING PROFIT |
87541
|
-261
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Non Trading Income |
-26249
|
-1539
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PRE TAX PROFIT |
61292
|
-1800
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Taxation |
14651
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PROFIT AFTER TAX |
46333
|
-1476
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Balance Sheet (extract)
The following figures are shown
in units of 1000
|
As at |
01.01.2007
|
01.01.2006
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Currency |
RUR |
RUR |
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TOTAL FIXED ASSETS |
9756
|
363 |
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Intangible Assets |
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Fixed Assets |
9130
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TOTAL CURRENT ASSETS |
481107
|
117524
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|
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Stock |
312047
|
60234
|
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Trade debtors |
84877
|
20996
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Cash |
69667
|
35022
|
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TOTAL ASSETS |
490863
|
117887
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TOTAL EQUITY |
114499
|
12828
|
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Share Capital |
69487
|
14150
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Retained Profits |
44858
|
-1476
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TOTAL LONG TERM LIABS |
223434
|
100042
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Long Term Loans |
223434
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100042
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TOTAL CURRENT LIABILITIES |
152929
|
5017
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Short Term Loans |
101977
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Short Term Trade Creditors |
50953
|
5017
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TOTAL EQUITY & LIABILITIES |
490863
|
117887
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Key Credit Ratios
The following figures are shown
as Ratios or Percentages
|
Accounts Date |
01.01.2007
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01.01.2006
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Current Ratio |
3,15
|
23,43
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Working Capital, x1000 RUR |
328178
|
112507
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Quick Ratio |
1,11
|
11,42
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Debt to Equity Ratio |
3,29
|
8,19
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Current Assets Turnover |
1,17
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Total Assets Turnover Ratio |
1,15
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Pre Tax Profit Margin, % |
10,85
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Gross Profit, % |
48,88
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Return on Investment, % |
53,53
|
-14,03
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Return on Assets, % |
12,49
|
-1,53
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Clients & Suppliers
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Clients |
OOO ILION-UKRAINA (Ukraine) |
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Suppliers |
ZHANGJIAGANG DAKSA
KNITTING CO. LTD (China) |
Original Financial Data (Russian
Accounting Report in English)
Balance Sheet
The following figures are shown
in units of 1000
|
ASSETS |
Line
code |
as
at |
as
at |
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I.
NON-CURRENT ASSETS |
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Intangible assets |
110 |
- |
- |
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Fixed assets |
120 |
- |
9130
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Construction in progress |
130 |
39 |
395 |
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Income-bearing investments in tangible |
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Long-term financial investments |
140 |
- |
- |
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Deferred tax assets |
145 |
324 |
16 |
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Other non-current assets |
150 |
- |
214 |
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Total section I |
190 |
363 |
9756
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II.
CURRENT ASSETS |
|
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Inventories |
210 |
60234
|
312047
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including : |
|
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raw materials and other inventories |
211 |
- |
907 |
|
livestock |
212 |
- |
- |
|
work in progress |
213 |
- |
- |
|
finished goods and goods
for resale |
214 |
60133
|
308964
|
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goods dispatched |
215 |
- |
- |
|
expenses related to
future periods |
216 |
101 |
2176
|
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other supplies and
expenditures |
217 |
- |
- |
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Value added tax on purchased
goods |
220 |
1271
|
14511
|
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Accounts receivable (payments
expected |
|
|
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including : |
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buyers and customers |
231 |
- |
- |
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Accounts receivable (payments
expected |
|
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including : |
|
|
|
|
buyers and customers |
241 |
989 |
67499
|
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Short-term investments |
250 |
- |
5 |
|
Monetary assets |
260 |
35022
|
69667
|
|
Other current assets |
270 |
- |
- |
|
Total section II |
290 |
117524
|
481107
|
|
TOTAL
SECTIONS I and II |
300 |
117887
|
490863
|
|
|
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EQUITY
AND LIABILITIES |
Line
code |
|
|
|
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III.
EQUITY AND RESERVES |
|
|
|
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Share capital |
410 |
14150
|
69487
|
|
Treasury shares |
411 |
- |
- |
|
Additional capital |
420 |
154 |
154 |
|
Legal reserve |
430 |
- |
- |
|
including : |
|
|
|
|
reserves and provisions
formed in |
|
|
|
|
reserves formed in
accordance |
|
|
|
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Retained earnings (loss) |
470 |
-1476
|
44858
|
|
Total section III |
490 |
12828
|
114499
|
|
IV.
NON-CURRENT LIABILITIES |
|
|
|
|
Borrowings |
510 |
100042
|
223434
|
|
Deferred tax liabilities |
515 |
- |
- |
|
Other non-current liabilities |
520 |
- |
- |
|
Total section IV |
590 |
100042
|
223434
|
|
V.
CURRENT LIABILITIES |
|
|
|
|
Borrowings |
610 |
- |
101977
|
|
Accounts payable |
620 |
5017
|
50953
|
|
including : |
|
|
|
|
suppliers and contractors |
621 |
5015
|
35957
|
|
salaries payable |
622 |
1 |
- |
|
payable to state non-budget funds |
623 |
- |
6 |
|
taxes payable |
624 |
- |
14868
|
|
other creditors |
625 |
- |
122 |
|
Dividends payable to
participants |
|
|
|
|
Income of future periods |
640 |
- |
- |
|
Reserves for future expenses and payments |
650 |
- |
- |
|
Other current liabilities |
660 |
- |
- |
|
Total section V |
690 |
5017
|
152929
|
|
TOTAL
SECTIONS III,IV,V |
700 |
117887
|
490863
|
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, services |
|
|
|
|
Cost of goods, products, work, services sold |
020 |
288797
|
261 |
|
Gross profit |
029 |
276180
|
-261
|
|
Selling expenses |
030 |
188639
|
- |
|
Administrative expenses |
040 |
- |
- |
|
Profit (loss) from operations |
050 |
87541
|
-261
|
|
OTHER INCOME AND EXPENSES |
|
|
|
|
Interest income |
060 |
- |
- |
|
Interest expenses |
070 |
26203
|
975 |
|
Income from investments in
other |
|
|
|
|
Other operating income |
090 |
24782
|
5221
|
|
Other operating expenses |
100 |
24828
|
5785
|
|
Non-operating income |
120 |
- |
- |
|
Non-operating expenses |
130 |
- |
- |
|
Profit (loss) before profit tax |
140 |
61292
|
-1800
|
|
Deferred tax assets |
141 |
-308
|
324 |
|
Deferred tax liabilities |
142 |
- |
- |
|
Current profit tax |
150 |
14651
|
- |
|
Net profit (loss) for the reporting period |
190 |
46333
|
-1476
|
Rates of Exchange
|
RUR - Russian Rouble |
01.01.2008: 1 EUR = 35.93 RUR,
1 USD = 24.55 RUR |
|
EUR - EURO |
01.01.2007: 1 EUR = 34.69 RUR,
1 USD = 26.33 RUR |
|
USD - US Dollar |
01.01.2006: 1 EUR = 34.19 RUR,
1 USD = 28.78 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%)