MIRA INFORM REPORT

 

 

Report Date :

18.08.2011

 

IDENTIFICATION DETAILS

 

Name :

ZAKRYTOE AKTSYONERNOE OBSCHESTVO "KALUGIN"

 

 

Registered Office :

Mira str., 33, Ekaterinburg, Sverdlov Region, 620078

 

 

Country :

Russian Federation

 

 

Financials (as on) :

01.01.2010

 

 

Date of Incorporation :

02.08.2002

 

 

Com. Reg. No.:

1026602947997

 

 

Legal Form :

ZAO (Private Joint Stock Company by Russian Law)

 

 

Line of Business :

Sales of technological equipment, products and materials for blast furnace and stoves.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 100 000

Status :

Moderate

Payment Behaviour :

No Complaints

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Russia

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

Comments

 

 

Information

The address and the telephone number mentioned in your inquiry belong to the company Zakrytoe aktsyonernoe obschestvo "KALUGIN" (name in English: "KALUGIN" PRIVATE JOINT STOCK COMPANY). We provide the report on this company.

 

 

 

Summary

 

 

Original Name

Zakrytoe aktsyonernoe obschestvo "KALUGIN"

Legal Form

ZAO (Private Joint Stock Company by Russian Law)

Year of Foundation

2000

Sales

752 549 th RUR for 12 months, ended 01.01.2010

Employees

50 (approx.) (company's data)

 

 

 

Creditline Recommendations

 

 

Credit Limit

100 000 USD

 

 

 

Company Identification Details

 

 

Original Name

Zakrytoe aktsyonernoe obschestvo "KALUGIN"

Short Name

ZAO "KALUGIN"

Name in English

"KALUGIN" PRIVATE JOINT STOCK COMPANY

Address

Mira str., 33, Ekaterinburg, Sverdlov Region, 620078, Russian Federation

Legal Address

Mira str., 33, Ekaterinburg, Sverdlov Region, 620078, Russian Federation

Phone

+7 (343) 2165053, 2165054

Fax

+7 (343) 2165053, 2165054

E-mail

mail@kalugin.biz

WEB Address

www.kalugin.biz

 

 

History

16.12.2005: Legal Address changed from Armavirskaya str., 33, ap. 108, Ekaterinburg, Sverdlov Region, 620046, Russian Federation

 

 

 

 

 

 

 

Official Company Data

 

 

Legal Form

ZAO (Private Joint Stock Company by Russian Law)

Date of Registration

02.08.2002

Registration Number

1026602947997

Statistic Code (OKPO)

53381545

Taxpayer Code (INN)

6659057232

Registration Authority

Ministry for Taxes and Duties of Russian Federation

 

 

 

Public Record Information

 

 

Information

The company Zakrytoe aktsyonernoe obschestvo "KALUGIN" was not included in the published list of bankrupt companies.

 

 

 

Share Capital

 

 

Current Share Capital

3 000 060 RUR

 

 

 

Shareholders

 

 

Total

1 private person

 

 

Shareholder

Mr Kalugin Yakov Prokop'evich

Nationality

Russian Federation

Taxpayer Code (INN)

666003065756

Share

100 %

 

 

Comments

The information on the shareholders of the company is presented on 27.02.2007:

According to Russian legislation the information on change of shareholders of companies with the legal status joint-stock company isn’t included in the Single State Register of Legal Entities of Russian Federation.
Data on change of shareholders of company (if the company has a status joint-stock company) are reflected in register of shareholders which is conducted either by the company itself or by independent specific company – register holder. According to Russian legislation to get an extract about the composition of shareholders at current situation from the register of shareholders it’s necessary to be a shareholder of this company (to have no less than 1 % of its share).

The inquired company isn’t public corporation (the shares of the company aren’t presented on the exchange), that’s why the company doesn’t publish quarterly reports about the composition of shareholders.

Therefore current composition of company’s shareholders may differ from ours one in the report.

 

 

 

Directors

 

 

Director

Mr Kalugin Yakov Prokop'evich

 

Signature Right

Nationality

Russian Federation

Taxpayer Code (INN)

666003065756

 

 

 

Re-Registration Data

 

Initial Registration

22.02.2000

Registration Number

12349 1-EI

Registration Authority

Register Chamber of Ekaterinburg

 

 

Date of Registration

02.08.2002

 

(Entering into the Single State Register of Legal Entities)

Registration Number

1026602947997

Registration Authority

Ministry for Taxes and Duties of Russian Federation

 

 

Date of Re-registration

02.08.2002

File Number

2026602948007

Registration Authority

Ministry for Taxes and Duties of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

16.12.2005

File Number

2056603286210

Registration Authority

Federal Tax Service of Russian Federation

Changes

Legal Address

 

 

Date of Re-registration

11.11.2009

File Number

2096670563053

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

17.12.2010

File Number

2106670505192

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

18.03.2011

File Number

2116670129827

Registration Authority

Federal Tax Service of Russian Federation

Changes

Share Capital

 

 

Date of Re-registration

30.05.2011

File Number

2116670194530

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

 

Operations

 

 

Activities

Sales of technological equipment, products and materials for blast furnace and stoves.

The company is engaged in:
- Scientific and science-technical developments;
- Research works at laboratory units and simulators;
- Mathematical and computer models, exact computer calculations giving good coincidence to the results of industrial researches;
- Design engineering, basic & detailed engineering of hot blast stoves;
- Researches and setting-up works at existing industrial devices.

 

 

Staff Employed

50 (approx.) (company's data)

Employees' History

49 on August, 11, 2008 (company's data)

 

 

 

Real Estate

 

 

Own

None

 

 

Rent

Office
Address: Mira str., 33, Ekaterinburg, Sverdlov Region, 620078, Russian Federation
(company's data)

 

 

 

Export & Import

 

 

Export Countries

2005-2010, for 2 months 2011: No Export Activity

Exported Goods

none

Export Value

none

 

 

Import Countries

2010: China, Ukraine
2009: China

Imported Goods

decorative products, lighters, plastic products, cases, printing calendars, valves, armature

Import Value

for 2 months 2011: none
in 2010: 61 288 USD
in 2009: 1 871 421 USD
in 2005-2008: none

 

 

 

 

Branches

 

 

Branch

The company has representations

Address: Kostenko str., 6, office 87, im. Kazybek bi District, Karaganda, Karaganda Region, 1000000, Russian Federation

Address: Filosofskaya str., 67, Dnepropetrovsk, 49006, Ukraine

 

 

 

Participation

 

Information

None

 

Related Companies

 

Information

Mr Kalugin Yakov Prokop'evich is also the shareholder of company

ZAO "POLITERM"
Registration Number: 1036603148867

 

 

 

Bankers

 

 

Bank

URAL'SKIY BANK SBERBANKA ROSSIYSKOY FEDERATSII, bank code: 046577674 (Russian Federation)

Account(s)

40702810616090101148 (RUR)

 

 

 

Financial Data

 

 

Profit and Loss (extract)

 

The following figures are shown in units of 1000

 

 

 

Period, months

12

12

12

12

Ended

01.01.2010

01.01.2009

01.01.2008

01.01.2007

Currency

RUR

RUR

RUR

RUR

SALES

752549

470626

87623

136798

Cost of Goods sold

676224

468769

82247

130000

GROSS PROFIT

76325

1857

5376

6798

Distribution Costs

13490

 

 

 

Management Costs

35415

 

 

 

OPERATING PROFIT

27420

1857

5376

6798

Non Trading Income

-2349

10387

-678

-2479

PRE TAX PROFIT

25071

12244

4698

4319

Taxation

5889

4164

1734

1298

PROFIT AFTER TAX

19182

8080

2964

3021

 

Balance Sheet (extract)

 

The following figures are shown in units of 1000

 

As at

01.01.2010

01.01.2009

01.01.2008

01.01.2007

Currency

RUR

RUR

RUR

RUR

TOTAL FIXED ASSETS

1256

1702

1854

1129

 Intangible Assets

425

 

 

 

 Fixed Assets

804

1702

1854

1129

TOTAL CURRENT ASSETS

419413

201284

99393

45198

 Stock

 

33133

 

 

 Trade debtors

133926

92904

11481

7618

 Cash

84243

62758

61532

34539

TOTAL ASSETS

420669

202986

101247

46327

 

 

 

 

 

TOTAL EQUITY

33542

14360

6280

3315

 Share Capital

8

8

8

8

 Retained Profits

33533

14351

6271

3307

TOTAL LONG TERM LIABS

 

 

 

 

 Long Term Loans

 

 

 

 

TOTAL CURRENT LIABILITIES

387127

188626

94967

43012

 Short Term Loans

 

 

 

 

 Short Term Trade Creditors

387127

188626

94967

43012

TOTAL EQUITY & LIABILITIES

420669

202986

101247

46327

 

 

Key Credit Ratios

 

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

01.01.2010

01.01.2009

01.01.2008

01.01.2007

Current Ratio

1,08

1,07

1,05

1,05

Working Capital, x1000 RUR

32286

12658

4426

2186

Quick Ratio

1,08

0,89

1,05

1,05

Debt to Equity Ratio

11,54

13,14

15,12

12,97

Current Assets Turnover

1,79

2,34

0,88

3,03

Total Assets Turnover Ratio

1,79

2,32

0,87

2,95

Pre Tax Profit Margin, %

3,33

2,6

5,36

3,16

Gross Profit, %

10,14

0,39

6,14

4,97

Return on Investment, %

74,75

85,26

74,81

130,29

Return on Assets, %

5,96

6,03

4,64

9,32

 

 

 

Clients & Suppliers

 

 

Clients

OAO "SEVERSTAL'" (Russian Federation)

OAO "TULACHERMET" (Russian Federation)

OOO "TORGOVYY DOM "EVRAZKHOLDING" (Russian Federation)

OAO "ZAPADNO-SIBIRSKIY METALLURGICHESKIY KOMBINAT" (Russian Federation)

 

 

Suppliers

BEIJING GOLDEN BRIDGE METALLURGICAL EQUIPMENT AND TECHNICAL CO., LTD. (China)

TNT (Ukraine)

QINHUANGDAO QINYE HEAVY INDUSTRY CO., LTD. (China)

OAO "SNEGIREVSKIE OGNEUPORY" (Russian Federation)

ZAO "IST-LAYN" (Russian Federation)

OOO "VIKTORIYA TREVELS" (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.

 

 

 

Actions at law

 

 


According to Arbitration court of Moscow judicial claims of the company are not registered.

 

 

 

Original Financial Data (Russian Accounting Report in English)

 

 

Balance Sheet

 

The following figures are shown in units of 1000

 

 
ASSETS

Line code

as at
01.01.2008

as at
01.01.2009

as at
01.01.2010

 

 

 

 

 

I. NON-CURRENT ASSETS

 

 

 

 

Intangible assets

110

-

-

425

Fixed assets

120

1854

1702

804

Construction in progress

130

-

-

-

Income-bearing investments in tangible assets

135

-

-

-

Long-term financial investments

140

-

-

-

Deferred tax assets

145

-

-

-

Other non-current assets

150

-

-

27

Total section I

190

1854

1702

1256

II. CURRENT ASSETS

 

 

 

 

Inventories

210

-

33133

-

including :

 

 

 

 

 raw materials and other inventories

211

-

-

-

 livestock

212

-

-

-

 work in progress

213

-

-

-

 finished goods and goods for resale

214

-

33133

-

 goods dispatched

215

-

-

-

 expenses related to future periods

216

-

-

-

 other supplies and expenditures

217

-

-

-

Value added tax on purchased goods

220

-

-

-

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

11481

92904

133926

including :

 

 

 

 

 buyers and customers

241

8916

79587

111305

Short-term investments

250

500

12489

200758

Monetary assets

260

61532

62758

84243

Other current assets

270

25880

-

486

Total section II

290

99393

201284

419413

TOTAL SECTIONS I and II

300

101247

202986

420669


 


 


 


 


 

EQUITY AND LIABILITIES

 

 

 

 

 

 

 

 

 

III. EQUITY AND RESERVES

 

 

 

 

Share capital

410

8

8

8

Treasury shares

411

-

-

-

Additional capital

420

-

-

-

Legal reserve

430

1

1

1

including :

 

 

 

 

 reserves and provisions formed in
 accordance with legislation

431

-

-

-

 reserves formed in accordance
 with foundation documents

432

1

1

1

Retained earnings (loss)

470

6271

14351

33533

Total section III

490

6280

14360

33542

IV. NON-CURRENT LIABILITIES

 

 

 

 

Borrowings

510

-

-

-

Deferred tax liabilities

515

-

-

-

Other non-current liabilities

520

-

-

-

Total section IV

590

-

-

-

V. CURRENT LIABILITIES

 

 

 

 

Borrowings

610

-

-

-

Accounts payable

620

94967

188626

387127

including :

 

 

 

 

 suppliers and contractors

621

94475

146497

345448

 salaries payable

622

80

32

8

 payable to state non-budget funds

623

-

-

81

 taxes payable

624

412

13566

9470

 other creditors

625

-

28531

32120

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

94967

188626

387127

TOTAL SECTIONS III,IV,V

700

101247

202986

420669

 

 

PROFIT AND LOSS ACCOUNT

 

 

The following figures are shown in units of 1000

 

 
PARAMETER

Line code

 
01.01.2010

 
01.01.2009

 
01.01.2008

 

 

 

 

 

INCOME FROM AND EXPENSES ON ORDINARY ACTIVITIES

 

 

 

 

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

010

752549

470626

87623

Cost of goods, products, work, services sold

020

676224

468769

82247

Gross profit

029

76325

1857

5376

Selling expenses

030

13490

-

-

Administrative expenses

040

35415

-

-

Profit (loss) from operations

050

27420

1857

5376

OTHER INCOME AND EXPENSES

 

 

 

 

Interest income

060

2283

1948

704

Interest expenses

070

-

-

-

Income from investments in other companies

080

-

-

-

Other operating income

090

61795

26659

2341

Other operating expenses

100

66427

18220

3723

Non-operating income

120

-

-

-

Non-operating expenses

130

-

-

-

Profit (loss) before profit tax

140

25071

12244

4698

Deferred tax assets

141

-

-

-

Deferred tax liabilities

142

-

-

-

Current profit tax

150

5889

4164

1734

Net profit (loss) for the reporting period

190

19182

8080

2964

 

 

Rates of Exchange

 

 

RUR - Russian Rouble

01.01.2010:    1 EUR = 43.46 RUR,   1 USD = 30.19 RUR

EUR - EURO

01.01.2009:    1 EUR = 41.43 RUR,   1 USD = 29.39 RUR

USD - US Dollar

01.01.2008:    1 EUR = 35.93 RUR,   1 USD = 24.55 RUR

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.37

UK Pound

1

Rs.74.56

Euro

1

Rs.65.33

 

 

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

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

--

NB

                                       New Business

 

--

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.