MIRA INFORM REPORT

 

 

Report Date :           

12.12.2011

 

IDENTIFICATION DETAILS

 

Name :

BELMEDPREPARATY RUP

 

 

Formerly Known As :

Belmedpreparaty AO

 

 

Registered Office :

Fabriciusa Street 30, Minsk 220007

 

 

Country :

Belarus

 

 

Year of Establishment :

1994

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacturers of pharmaceutical products such as antibiotics, insulin, vitamins, etc.

 

 

No. of Employees :

2,800 persons

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

B Rouble 5,000,000,000

Status :

Satisfactory

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Belarus

b2

b2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

COmpany NAME

 

Belmedpreparaty RUP (Correct)

Belmedpreparaty RUE (Requested)

 

 

company ADDRESS 

 

Street               : Fabritsiusa Street 30

 Town                : Minsk 220007

Country             : Belarus

 

Telephone         : (375 17) 222 7637 / 213 1730 / 220 3867 / 229 3979 / 220 3725 (Elena Mihailovna Belova) / 222

7838 / 207 8648 / 216 2102 (Finance Department) / 310 5456 (Inna Grigorevna Matusevich) / (375 44) 795 7322 (Andrei Alexandrovich Pilipenko)

 

Fax                     : (375 17) 213 1743 / 213 1745

 

E-Mail                : omts4@belmedpreparaty.com  / elena-belova@tut.by

 

Website             : www.belmedpreparaty.com   

 

English Translation : Belmedpreparaty RUE

 

Formerly Known As : Belmedpreparaty AO

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                                            Position

 

1. Viktor Evgenievich Zaesskiy                General Director

 

2. Elena Mihailovna Belova                      Financial Director 

 

3. Andrei Alexandrovich Pilipenko             Head of Procurement Department

 

4. Inna Grigorevna Matusevich                 Deputy Chief Accountant    

 

Total Employees : 2,800

 

 

PAYMENTS

 

No complaints have been heard regarding payments from local suppliers or banks.

 

We consider it is acceptable to deal with subject for LARGE amounts,

although it is normal accepted practice for international suppliers to deal on secured terms with Belarus importers.

 

Opinion on maximum credit : B ROUBLE 5,000,000,000

 

Trade risk assessment: Normal

 

 

PRINCIPAL BANKERS

 

NAME               : ASB BELARUSBANK

Branch              : 32 Myasnikov

Town                 : Minsk 220050

Telephone         : (375 17) 289 3814

Fax                   : (375 17) 226 4750

 

Acc. Num.: (BYR) 3012200609060

Acc. Num.: (RUB) 3012200638103

Acc. Num.: (USD) 3012200618400

Acc. Num.: (EUR) 3012500009780

SWIFT     : AKBB BY 2X

 

 

FINANCIAL INFORMATION

 

State owned companies in Belarus are not required to publish or disclose balance sheets. However, the subject interviewed offered the following information :

 

Sales Turnover               : US DLRS 150,000,000 – 2010 - approx

                                    : US DLRS 180,000,000 – 2011 – projected

 

Net Profit                       : not given but stated to be profitable

 

Financial year ends 31 December.

 

 

LEGAL STATUS AND HISTORY

 

Date Started : 1994

 

History : Subject has its origins in a state owned company Belmed preparaty PO which was established in 1927. It was reregistered in 1994 and was converted into a Joint Stock Company. In 2004 subject was converted into Republican Unitary Enterprise and adopted its present style.

 

Tax No.: UNP 100049731

 

Capital : not given

 

Respublikanskoye Unitarnoye Predpriyatiye (Republican Unitary Enterprise) fully responsible for its own undertakings.

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Manufacturers of pharmaceutical products such as antibiotics, insulin, vitamins, etc.

 

NACE Code : 2110

 

Imports substances and equipment from China, India, Austria, Germany, UK, Switzerland, South Korea and USA.

 

Exports mainly to Europe, Mongolia, China, USA and Baltic countries.

 

 

FACILITIES

 

The Company has the following facilities :

 

Owned premises comprising a manufacturing plant, storage facilities and administrative offices located at the heading address as well as 3 additional manufacturing units located at Oranskogo Street 7, Minsk, Skidel and Lido, Grodnenskaya oblast.

 

 

REGISTERED OFFICE

 

Fabriciusa Street 30

Minsk 220007

 

 

SPECIAL NOTE

 

You enquired on: Belmedpreparaty RUE. Please note that this name applies to an English translation of the subject’s name. Subject’s correct registered name is as per heading.

 

Interviewed : Andrei Alexandrovich Pilipenko (Head of Procurement Department).

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.23

UK Pound

1

Rs.81.55

Euro

1

Rs.69.60

 

 

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.