MIRA
INFORM REPORT
|
Report Date : |
04.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
OAO NOVOTROITSKIY ZAVOD |
|
|
|
|
Registered Office : |
Promishlennaya str., 49, Novotroitsk, Orenburg Region, 462353, |
|
|
|
|
Country : |
Russian Federation |
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|
|
|
Financials (as on) : |
01.01.2008 |
|
|
|
|
Date of Incorporation : |
1992 |
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|
|
|
Com. Reg. No.: |
025600820431 |
|
|
|
|
Legal Form : |
Public Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture and Sales of Chemical (Chromium Compounds). |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 1 000 000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
Comments
Information
The
properties mentioned in your inquiry belong to the company Otkrytoe
aktsionernoe obschestvo "NOVOTROITSKIY ZAVOD KHROMOVYKH SOEDINENIY" (name
in English: NOVOTROITSK PLANT OF CHROMIUM COMPOUNDS PUBLIC JOINT STOCK
COMPANY). We provide the report on this company.
Summary
Original Name Otkrytoe aktsionernoe obschestvo
"NOVOTROITSKIY ZAVOD KHROMOVYKH SOEDINENIY"
Legal Form OAO (Public
Joint Stock Company by Russian Law)
Year of Foundation 1992
Sales 2 387
021 th RUR for 12 months, ended 01.01.2008
Employees 1 359
on July, 01, 2008 (official data)
Creditline Recommendations
Credit Limit 1
000 000 USD
Company Identification Details
Original Name Otkrytoe aktsionernoe obschestvo
"NOVOTROITSKIY ZAVOD KHROMOVYKH SOEDINENIY"
Short Name OAO
"NZKHS"
Name in
English NOVOTROITSK
PLANT OF CHROMIUM COMPOUNDS PUBLIC JOINT STOCK COMPANY
Address Promishlennaya
str., 49, Novotroitsk, Orenburg Region, 462353, Russian Federation
Legal Address Promishlennaya
str., 49, Novotroitsk, Orenburg Region, 462353, Russian Federation
Phone +7
(3537) 674152, 674132, 672010
Fax +7
(3537) 672010
E-mail post@nzhs.ru
WEB Address www.nzhs.ru
History 30.10.2003:
Legal Address changed from Zavodskaya str., 1, Novotroitsk, 462359, Russian
Federation
Official Company Data
Legal Form OAO
(Public Joint Stock Company by Russian Law)
Date of Registration 29.07.2002
Registration Number 1025600820431
Statistic Code (OKPO) 5762312
Taxpayer Code (INN) 5607002135
Registration Authority Ministry for Taxes and Duties of Russian Federation
Public Record Information
Information
The
company Otkrytoe aktsionernoe obschestvo "NOVOTROITSKIY ZAVOD KHROMOVYKH
SOEDINENIY" was not included in the published list of bankrupt companies.
Share Capital
Current Share Capital 188 261 RUR
Shareholders
Total 357
legal and private persons incl.
Shareholder Mr Izmalkin
Vasiliy Ivanovich
Nationality Russian
Federation
Taxpayer Code (INN) 560701337903
Share not
available
Shareholder Ms
Izmalkina Nadezhda Fedorovna
Nationality Russian
Federation
Share not
available
Shareholder Mr Izmalkin
Sergey Vasil'evich
Nationality Russian
Federation
Share not
available
Shareholder Mr
Miroshnichenko Aleksey Nikolaevich
Nationality Russian
Federation
Share not
available
Shareholder Mr
Salikhov Ravil' Rinatovich
Nationality Russian
Federation
Taxpayer Code (INN) 771700364993
Share not
available
Comments The
information on the shareholders of the company is presented on 01.07.2008.
By Russian law full structural information of shareholders is not available.
Directors
Director Mr
Izmalkin Vasiliy Ivanovich
Signature Right
Nationality Russian
Federation
Taxpayer Code (INN) 560701337903
Re-Registration Data
Initial Registration 05.10.1992
Registration Number 189
Registration Authority Administration of Novotroitsk
Date of
Registration 29.07.2002
(Entering into the Single State Register of Legal Entities)
Registration Number 1025600820431
Registration Authority Ministry for Taxes and Duties of Russian Federation
Date of Re-registration 02.08.2002
File Number 2025600820530
Registration Authority Ministry for Taxes and Duties of Russian Federation
Changes Company's
Rules
Date of Re-registration 24.12.2002
File Number 2025600825930
Registration Authority Ministry for Taxes and Duties of Russian Federation
Changes Company's
Rules
Date of Re-registration 30.10.2003
File Number 2035603254344
Registration Authority Ministry for Taxes and Duties of Russian Federation
Changes Legal
Address
Date of Re-registration 19.10.2005
File Number 2055607061464
Registration Authority Federal Tax Service of Russian Federation
Changes Company's
Rules
Operations
Activities Manufacture
and sales of chemical (chromium compounds).
Staff Employed 1 359 on
July, 01, 2008 (official data)
Real Estate
Own Office,
industrial area, warehous
Address: Promishlennaya str., 49, Novotroitsk, Orenburg Region, 462353, Russian
Federation
(company's data)
Cost of buildings on July, 01, 2008 - 400 837 671 RUR
Rent None
Export & Import
Export
Countries 2007:
Germany, Latvia, Kazakhstan, Lithuania, Ukraine, Austria, Brazil, Colombia,
Uruguay, Spain, Mexico, Georgia, Malaysia, Indonesia, Taiwan, Australia, Pakistan,
Poland, Czechia, Canada and other countries.
2006: Kazakhstan, Ukraine, Lithuania, Latvia, Poland, Georgia, Moldavia,
Estonia, Germany, Uruguay, Brazil, Iran, Chile, Pakistan, France, Australia,
Mexico, Venezuela, Czechia, Italy, Canada and other countries.
2005: Latvia, Uzbekistan, Kazakhstan, Germany, Ukraine, Estonia, Georgia,
Poland, Iran, Turkey, Spain, Uruguay, Azerbaijan, China, Australia, Brazil,
Chile, Tajikistan, Turkmenistan, India, Italy and other countries.
Exported Goods chrome,
chromic compounds
Export Value in 2007: 69 952 865 USD
in 2006: 56 474 721 USD
in 2005: 1 495 361 975 RUR
Import
Countries 2007:
Kazakhstan
2006: Kazakhstan
2005: Kazakhstan, Taiwan, Germany
Imported Goods chrome
iron ore, equipment
Import Value in 2007: 14 480 653 USD
in 2006: 12 254 261 USD
in 2005: 394 633 210 RUR
Branches
Branch None
Participation
Information None
Bankers
Bank ZAO KB
"SITIBANK", bank code: 044525202 (Russian Federation)
Account(s) 40702810600700025039
(RUR)
Bank ZAO
"RAYFFAYZENBANK AVSTRIYA", bank code: 044525700 (Russian Federation)
Account(s) 40702810900001400559
(RUR)
Bank OAO
"BANKA MOSKVY", Orsk branch, bank code: 045339802 (Russian
Federation)
Account(s) 40702810700620000003
(RUR)
Financial Data
Profit
and Loss (extract)
The
following figures are shown in units of 1000
|
Period, months |
12 |
12 |
12 |
12 |
|
Ended |
01.01.2008
|
01.01.2007
|
01.01.2006
|
01.01.2005
|
|
Currency |
RUR |
RUR |
RUR |
RUR |
|
SALES |
2387021
|
2240711
|
1897977
|
1317556
|
|
Cost of Goods sold |
1929525
|
1643440
|
1395911
|
1035378
|
|
GROSS PROFIT |
457496
|
597271
|
502066
|
282178
|
|
Distribution Costs |
113879
|
134592
|
121589
|
89702
|
|
Management Costs |
|
|
|
|
|
OPERATING PROFIT |
343617
|
462679
|
380477
|
192476
|
|
Non Trading Income |
-38593
|
-45230
|
-24912
|
-38301
|
|
PRE TAX PROFIT |
305024
|
417449
|
355565
|
154175
|
|
Taxation |
76076
|
108033
|
81900
|
49867
|
|
PROFIT AFTER TAX |
229627
|
313521
|
268412
|
111605
|
Balance
Sheet (extract)
The
following figures are shown in units of 1000
|
As at |
01.01.2008
|
01.01.2007
|
01.01.2006
|
01.01.2005
|
|
Currency |
RUR |
RUR |
RUR |
RUR |
|
TOTAL FIXED ASSETS |
372910
|
331409
|
277869
|
250029
|
|
Intangible Assets |
10 |
13 |
16 |
19 |
|
Fixed Assets |
253466
|
257504
|
246594
|
237700
|
|
TOTAL
CURRENT ASSETS |
1176271
|
986241
|
843117
|
578130
|
|
Stock |
231198
|
350981
|
344329
|
236248
|
|
Trade debtors |
292915
|
307460
|
220594
|
126026
|
|
Cash |
410662
|
209576
|
173533
|
134413
|
|
TOTAL ASSETS |
1549181
|
1317650
|
1120986
|
828159
|
|
|
|
|
|
|
|
TOTAL EQUITY |
1482795
|
1266689
|
1047298
|
788298
|
|
Share Capital |
188 |
188 |
188 |
188 |
|
Retained Profits |
867728
|
723415
|
932495
|
287887
|
|
TOTAL
LONG TERM LIABS |
2219
|
2159
|
12403
|
165 |
|
Long Term Loans |
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
64167
|
48802
|
61285
|
39696
|
|
Short Term Loans |
|
|
|
|
|
Short Term Trade
Creditors |
63968
|
48480
|
61008
|
39204
|
|
TOTAL EQUITY & LIABILITIES |
1549181
|
1317650
|
1120986
|
828159
|
Key Credit Ratios
The following figures are shown
as Ratios or Percentages
|
Accounts Date |
01.01.2008
|
01.01.2007
|
01.01.2006
|
01.01.2005
|
|
Current Ratio |
18,33
|
20,21
|
13,76
|
14,56
|
|
Working Capital, x1000 RUR |
1112104
|
937439
|
781832
|
538434
|
|
Quick Ratio |
14,73
|
13,02
|
8,14
|
8,61
|
|
Debt to Equity Ratio |
0,04
|
0,04
|
0,07
|
0,05
|
|
Current Assets Turnover |
2,03
|
2,27
|
2,25
|
2,28
|
|
Total Assets Turnover Ratio |
1,54
|
1,7 |
1,69
|
1,59
|
|
Pre Tax Profit Margin, % |
12,78
|
18,63
|
18,73
|
11,7
|
|
Gross Profit, % |
19,17
|
26,66
|
26,45
|
21,42
|
|
Return on Investment, % |
20,57
|
32,96
|
33,95
|
19,56
|
|
Return on Assets, % |
19,69
|
31,68
|
31,72
|
18,62
|
Clients & Suppliers
Clients
OOO KHIM
LAT (Latvia)
TOO MAY (Kazakhstan)
ZAO KHROMTEKH (Lithuania)
OOO NPP BYTKHIM (Ukraine)
AO STEKOL'NAYA KOMPANIYA SAF (Kazakhstan)
K.D. FEDDERSEN DO BRASIL LTDA (Brazil)
NUBIOLA COLUMBIA PIGMENTOS S.A. (Colombia)
OOO "PROKTER END GEMBL-NOVOMOSKOVSK" (Russian Federation)
OOO "OMEGA-KHROM" (Russian Federation)
OAO "NEFIS KOSMETIKS" (Russian Federation)
OOO "SPEKTRUM LAYN" (Russian Federation)
OOO "LEYKRETS" (Russian Federation)
Suppliers
TOO
SPETSSTAL'-DG (Kazakhstan)
AO ALUMINIY KAZAKHSTANA (Kazakhstan)
AO TNK KAZKHROM (Kazakhstan)
OOO "SUAL-PM" (Russian Federation)
ZAO "STROYKOMPLEKTSOYUZ" (Russian Federation)
OOO "ORENBURGREGIONGAZ" (Russian Federation)
OAO "EDINAYA TORGOVAYA KOMPANIYA" (Russian Federation)
OAO "CHELYABINSKIY TSINKOVYY ZAVOD" (Russian Federation)
*** The names of foreign partners may be pointed incorrectly as in official
documents (declarations) they’re
written in Russian. We present our apologies for possible mistakes in
transliteration.
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 |
16 |
13 |
10 |
|
Fixed assets |
120 |
246594
|
257504
|
253466
|
|
Construction in progress |
130 |
22458
|
72584
|
117386
|
|
Income-bearing investments |
|
|
|
|
|
Long-term financial investments |
140 |
335 |
335 |
335 |
|
Deferred tax assets |
145 |
8466
|
973 |
1713
|
|
Other non-current assets |
150 |
- |
- |
- |
|
Total section I |
190 |
277869
|
331409
|
372910
|
|
II.
CURRENT ASSETS |
|
|
|
|
|
Inventories |
210 |
344329
|
350981
|
231198
|
|
including : |
|
|
|
|
|
raw materials and other inventories |
211 |
214022
|
281286
|
181495
|
|
livestock |
212 |
- |
- |
- |
|
work in progress |
213 |
2983
|
11975
|
12016
|
|
finished goods and goods for resale |
214 |
58225
|
56322
|
35858
|
|
goods dispatched |
215 |
68651
|
- |
- |
|
expenses related to future periods |
216 |
448 |
1398
|
1829
|
|
other supplies and expenditures |
217 |
- |
- |
- |
|
Value added tax on purchased goods |
220 |
54661
|
58224
|
41496
|
|
Accounts receivable (payments |
|
|
|
|
|
including : |
|
|
|
|
|
buyers and customers |
231 |
- |
- |
1000
|
|
Accounts receivable (payments |
|
|
|
|
|
including : |
|
|
|
|
|
buyers and customers |
241 |
87399
|
138488
|
144479
|
|
Short-term investments |
250 |
50000
|
60000
|
200000
|
|
Monetary assets |
260 |
173533
|
209576
|
410662
|
|
Other current assets |
270 |
- |
- |
- |
|
Total section II |
290 |
843117
|
986241
|
1176271
|
|
TOTAL
SECTIONS I and II |
300 |
1120986
|
1317650
|
1549181
|
|
|
|
|
|
|
|
EQUITY
AND LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
III.
EQUITY AND RESERVES |
|
|
|
|
|
Share capital |
410 |
188 |
188 |
188 |
|
Treasury shares |
411 |
- |
- |
- |
|
Additional capital |
420 |
114568
|
543039
|
614832
|
|
Legal reserve |
430 |
47 |
47 |
47 |
|
including : |
|
|
|
|
|
reserves and provisions
formed in |
|
|
|
|
|
reserves formed in accordance |
|
|
|
|
|
Retained earnings (loss) |
470 |
932495
|
723415
|
867728
|
|
Total section III |
490 |
1047298
|
1266689
|
1482795
|
|
IV.
NON-CURRENT LIABILITIES |
|
|
|
|
|
Borrowings |
510 |
- |
- |
- |
|
Deferred tax liabilities |
515 |
12403
|
2159
|
2219
|
|
Other non-current liabilities |
520 |
- |
- |
- |
|
Total section IV |
590 |
12403
|
2159
|
2219
|
|
V.
CURRENT LIABILITIES |
|
|
|
|
|
Borrowings |
610 |
- |
- |
- |
|
Accounts payable |
620 |
61008
|
48480
|
63968
|
|
including : |
|
|
|
|
|
suppliers and contractors |
621 |
18879
|
19366
|
20549
|
|
salaries payable |
622 |
8618
|
10101
|
10042
|
|
payable to state non-budget funds |
623 |
- |
487 |
1078
|
|
taxes payable |
624 |
3864
|
5343
|
3134
|
|
other creditors |
625 |
29647
|
13183
|
29165
|
|
Dividends payable to participants |
|
|
|
|
|
Income of future periods |
640 |
- |
- |
- |
|
Reserves for future expenses |
|
|
|
|
|
Other current liabilities |
660 |
- |
- |
- |
|
Total section V |
690 |
61285
|
48802
|
64167
|
|
TOTAL
SECTIONS III,IV,V |
700 |
1120986
|
1317650
|
1549181
|
|
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 |
457496
|
597271
|
502066
|
|
Selling expenses |
030 |
113879
|
134592
|
121589
|
|
Administrative expenses |
040 |
- |
- |
- |
|
Profit (loss) from operations |
050 |
343617
|
462679
|
380477
|
|
OTHER INCOME AND EXPENSES |
|
|
|
|
|
Interest income |
060 |
8692
|
2700
|
1489
|
|
Interest expenses |
070 |
- |
- |
- |
|
Income from investments in other |
|
|
|
|
|
Other operating income |
090 |
1812496
|
1393092
|
1057755
|
|
Other operating expenses |
100 |
1859781
|
1441022
|
1084162
|
|
Non-operating income |
120 |
- |
- |
- |
|
Non-operating expenses |
130 |
- |
- |
- |
|
Profit (loss) before profit tax |
140 |
305024
|
417449
|
355565
|
|
Deferred tax assets |
141 |
740 |
-6144
|
6985
|
|
Deferred tax liabilities |
142 |
60 |
-10249
|
12238
|
|
Current profit tax |
150 |
76076
|
108033
|
81900
|
|
Net profit (loss) for the reporting |
|
|
|
|
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 |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.37 |
|
UK Pound |
1 |
Rs.78.09 |
|
Euro |
1 |
Rs.63.41 |
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%)