MIRA INFORM REPORT

 

Report Date :

20.01.2011

 

IDENTIFICATION DETAILS

 

Name :

FEDERALNOE GOSUDARSTVENNOE UNITARNOE PREDPRIYATIE VNESHNEEKONOMICHESKOE PREDPRIYATIE SUDOEKSPORT

 

 

Formerly Known As :

GOSUDARSTVENNOE VNESHNEEKONOMICHESKOE PREDPRIYATIE "SUDOEKSPORT"

 

 

Registered Office :

Sadovaya-Kudrinskaya str., 11, Moscow, 123242

 

 

Country :

Russia

 

 

Financials (as on) :

01.01.2010

 

 

Date of Incorporation :

16.12.2002

 

 

Com. Reg. No.:

1027700532749

 

 

Legal Form :

Federal State Unitary Enterprise

 

 

Line of Business :

Wholesale trade in vessels and water crafts, the ship equipment and materials

 

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 :

250 000 USD

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

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 numbers mentioned in your inquiry belong to the company FEDERAL'NOE GOSUDARSTVENNOE UNITARNOE PREDPRIYATIE "VNESHNEEKONOMICHESKOE PREDPRIYATIE "SUDOEKSPORT" (name in English: FOREIGN ECONOMIC ENTERPRISE SUDOEXPORT FEDERAL STATE UNITARY ENTERPRISE). We provide the report on this company.

 

 

 

Summary

 

 

Original Name

FEDERAL'NOE GOSUDARSTVENNOE UNITARNOE PREDPRIYATIE "VNESHNEEKONOMICHESKOE PREDPRIYATIE "SUDOEKSPORT"

Legal Form

FGUP (Federal State Unitary Enterprise by Russian Law)

Year of Foundation

1992

Sales

333 758 th RUR for 12 months, ended 01.01.2010

Employees

50 (approx.) on January, 18, 2011 (company's data)

 

 

 

Creditline Recommendations

 

 

Credit Limit

250 000 USD

 

 

 

Company Identification Details

 

 

Original Name

FEDERAL'NOE GOSUDARSTVENNOE UNITARNOE PREDPRIYATIE "VNESHNEEKONOMICHESKOE PREDPRIYATIE "SUDOEKSPORT"

Short Name

FGUP "SUDOEKSPORT"

Name in English

FOREIGN ECONOMIC ENTERPRISE SUDOEXPORT FEDERAL STATE UNITARY ENTERPRISE

Address

Sadovaya-Kudrinskaya str., 11, Moscow, 123242, Russian Federation

Legal Address

Sadovaya-Kudrinskaya str., 11, Moscow, 123242, Russian Federation

Phone

+7 (495) 7273052
+7 (499) 2524491

Fax

+7 (495) 7273053
+7 (499) 2550145

E-mail

info@sudoexport.ru

WEB Address

www.sudoexport.ru

 

 

History

04.08.2010: Legal Address changed from Sadovaya-Kudrinskaya str., 11, bldg. 1ABVD, Moscow, 123231, Russian Federation

18.03.2003: change of name from GOSUDARSTVENNOE VNESHNEEKONOMICHESKOE PREDPRIYATIE "SUDOEKSPORT"

 

 

 

Official Company Data

 

 

Legal Form

FGUP (Federal State Unitary Enterprise by Russian Law)

Date of Registration

16.12.2002

Registration Number

1027700532749

Statistic Code (OKPO)

07504956

Taxpayer Code (INN)

7703012877

Registration Authority

Ministry for Taxes and Duties of Russian Federation

 

 

 

Public Record Information

 

 

Information

The company FEDERAL'NOE GOSUDARSTVENNOE UNITARNOE PREDPRIYATIE "VNESHNEEKONOMICHESKOE PREDPRIYATIE "SUDOEKSPORT" was not included in the published list of bankrupt companies.

 

 

 

Share Capital

 

 

Current Share Capital

55 000 000 RUR (since 04.08.2010)

 

 

 

Shareholders

 

 

Total

1 legal person

 

 

Shareholder

FEDERAL'NOE AGENTSTVO PO UPRAVLENIYU FEDERAL'NYM IMUSCHESTVOM (FEDERAL AGENCY FOR MANAGEMENT OF FEDERAL PROPERTY)

Address

Nikol'skiy per., 9, Moscow, 103685, Russian Federation

Registration Number

1047796345794

Taxpayer Code (INN)

7710542402

Share

100 %

 

 

 

Directors

 

 

Director

Mr Shulepov Stanislav Valentinovich

 

Signature Right

Nationality

Russian Federation

 

 

 

Re-Registration Data

 

 

Initial Registration

17.01.1992

Registration Number

007.639

Registration Authority

Moscow Register Chamber

 

 

Date of Registration

16.12.2002

 

(Entering into the Single State Register of Legal Entities)

Registration Number

1027700532749

Registration Authority

Ministry for Taxes and Duties of Russian Federation

 

 

Date of Re-registration

18.03.2003

File Number

2037703012500

Registration Authority

Ministry for Taxes and Duties of Russian Federation

Changes

Name

 

 

Date of Re-registration

30.05.2005

File Number

2057747115193

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

04.08.2010

File Number

9107747846494

Registration Authority

Federal Tax Service of Russian Federation

Changes

Legal Address

 

Operations

 

 

Activities

Wholesale trade in vessels and water crafts, the ship equipment and materials.

 

 

Staff Employed

50 (approx.) on January, 18, 2011 (company's data)

 

 

 

Real Estate

 

 

Own

none

 

 

Rent

Office
Address: Sadovaya-Kudrinskaya str., 11, Moscow, 123242, Russian Federation
(company's data)

Warehouse
Address: Moscow, Russian Federation
(company's data)

 

 

 

Export & Import

 

 

Export Countries

2009, for 10 months 2010: India
2008: India, Germany, Hungary
2007: India, Moldova

Exported Goods

equipment, spare parts, fixture, plastic products, tools, lighting equipment

Export Value

for 10 months 2010: 4 445 707 USD
in 2009: 7 996 539 USD
in 2008: 5 121 054 USD
in 2007: 4 002 661 USD

 

 

Import Countries

2009, for 10 months 2010: Kazakhstan
2007: Kazakhstan

Imported Goods

equipment, spare parts

Import Value

for 10 months 2010: 4 010 USD
in 2009: 52 071 USD
in 2008: none
in 2007: 84 636 USD

 

 

 

Branches

 

 

Branch

None

 

 

 

Participation

 

 

Information

None

 

Related Companies

 

Information

FEDERAL'NOE AGENTSTVO PO UPRALENIYU FEDERAL'NYM IMUSCHESTVOM (FEDERAL AGENCY FOR MANAGEMENT OF FEDERAL PROPERTY) is also the shareholder of more than 90 companies, including:

OAO "FARMATSIYA"
Registration number: 1050900972099

OAO "SCHEKINSKAYA TIPOGRAFIYA"
Registration number: 1047103323068

OAO "YASNOGORSKAYA TIPOGRAFIYA"
Registration number: 1047102961685

OAO "52-OY TSENTRAL'NIY PROEKTNIY INSTITUT"
Registration number: 1062721100463

OAO "KAZANSKIY KOMBINAT BYTOVOGO OBSLUZHIVANIYA"
Registration number: 1061655003607

OAO "TAYSHETSKOE DOROZHNOE PREDPRIYATIE"
Registration number: 1043801944812

OAO "OMSKIY NAUCHNO-ISSLEDOVATEL'SKIY INSTITUT TEKHNOLOGII I ORGANIZATSII PROIZVODSTVA DVIGATELEY"
Registration number: 1065506007346

OAO "UCHEBNO-OPYTNOE KHOZYAYSTVO 1"
Registration number: 1065501003700

OAO "NAUCHNO-TEKHNICHESKIY KOMPLEKS "LENELEKTRONMASH"
Registration number: 1047806042228

OAO PLEMENNOY ZAVOD "NOVOLADOZHSKIY"
Registration number: 1064702016686

Mr Shulepov Stanislav Valentinovich isn't a shareholder and a director of any other companies of Russian Federation.

 

 

Bankers

 

 

Bank

OAO AKB "EVROFINANS MOSNARBANK", bank code: 044525204 (Russian Federation)

Account(s)

40502810400005733190 (RUR)

 

 

Bank

OAO AKB "NATSIONAL'NYY REZERVNYY BANK", bank code: 044525933 (Russian Federation)

Account(s)

40502810400000000227 (RUR)

 

 

Bank

OAO "BANK MOSKVY", bank code: 044525219 (Russian Federation)

Account(s)

40502810400010000003 (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

333758

143550

109845

141750

Cost of Goods sold

136248

54105

40897

58938

GROSS PROFIT

197510

89445

68948

82812

Distribution Costs

106043

53182

53193

54603

Management Costs

 

 

 

 

OPERATING PROFIT

91467

36263

15755

28209

Non Trading Income

-36248

-26070

-9374

-12538

PRE TAX PROFIT

55219

10193

6381

15671

Taxation

13679

4934

3032

5482

PROFIT AFTER TAX

41456

5315

3452

10240

 

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

4022

4272

5349

6564

 Intangible Assets

 

 

 

 

 Fixed Assets

4015

4209

5239

6506

TOTAL CURRENT ASSETS

123255

138114

55950

64160

 Stock

25498

3391

1057

5612

 Trade debtors

39130

104025

47164

49885

 Cash

32779

22231

1560

1117

TOTAL ASSETS

127277

142386

61299

70724

 

 

 

 

 

TOTAL EQUITY

75284

34243

29334

27004

 Share Capital

727

727

727

727

 Retained Profits

69847

28806

23897

21567

TOTAL LONG TERM LIABS

84

 

 

 

 Long Term Loans

 

 

 

 

TOTAL CURRENT LIABILITIES

51909

108143

31965

43720

 Short Term Loans

43425

79621

13750

36864

 Short Term Trade Creditors

8484

28522

18215

6856

TOTAL EQUITY & LIABILITIES

127277

142386

61299

70724

 

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

2,37

1,28

1,75

1,47

Working Capital, x1000 RUR

71346

29971

23985

20440

Quick Ratio

1,88

1,25

1,72

1,34

Debt to Equity Ratio

0,69

3,16

1,09

1,62

Current Assets Turnover

2,71

1,04

1,96

2,21

Total Assets Turnover Ratio

2,62

1,01

1,79

2

Pre Tax Profit Margin, %

16,54

7,1

5,81

11,06

Gross Profit, %

59,18

62,31

62,77

58,42

Return on Investment, %

73,35

29,77

21,75

58,03

Return on Assets, %

43,38

7,16

10,41

22,16

 

 

 

Clients & Suppliers

 

 

Clients

MAZAGON DOCK LTD. (India)

CWH (MB) (India)

DKG-EAST ZRT. (Hungary)

MRR HANDEL & VERTRIEB (Germany)

FGUP MMPP "SALYUT" (Moldova)

FGUP "VNESHNEEKONOMICHESKOE PREDPRIYATIE "SUDOEKSPORT" (Kazakhstan)

OOO "AN KVARTIRA.RU" (Russian Federation)

ZAO "PRAVOVOY TSENTR ZHIL'YA-NOVOSTROYKI" (Russian Federation)

OOO "RESURS" (Russian Federation)

OOO "VTORAYA RIELTORSKAYA KOMPANIYA" (Russian Federation)

ZAO "OB'EDINENNAYA RIELTORSKAYA KOMPANIYA" (Russian Federation)

OOO "GELIOS-LIGA" (Russian Federation)

OOO "LENINGRADSKIY SUDOSTROITEL'NYY ZAVOD "PELLA" (Russian Federation)

 

 

Suppliers

AO "MASHINOSTROITEL'NYY ZAVOD IM. S.M.KIROVA" (Kazakhstan)

OOO NTP "PIKSEL" (Russian Federation)

FGUP "EKSPLOR" (Russian Federation)

OAO "KRASNYY GIDROPRESS" (Russian Federation)

ZAO "MARS-TEKHNOLOGIYA" (Russian Federation)

OOO "VALKOM" (Russian Federation)

OAO "BALTIYSKIY ZAVOD" (Russian Federation)

ZAO FIRMA "DIZEL'SERVIS" (Russian Federation)

OOO "RESURS" (Russian Federation)

OOO "RIALTEK" (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

 

The information of Arbitration court of Moscow about judicial claims is presented

Date of registration

16.07.2009

Registration number

88360/09-159-773

Plaintiff

FGUP "SUDOEKSPORT"

Defendant

FGUP "ROSOBORONEKSPORT"

Claim sum

9 105 074 RUR

Claim category

Default of obligations under the contract

 

Date of registration

17.06.2009

Registration number

71621/09-73-286

Plaintiff

FGUP "SUDOEKSPORT"

Defendant

OOO "ESTO-VAKUUM"

Claim sum

776 248 RUR

Claim category

Default of obligations under the contract

 

Date of registration

22.07.2004

Registration number

36793/04-29-383

Plaintiff

OAO "MORSKOY SUDOSTROITEL'NYY ZAVOD"

Defendant

FGUP "SUDOEKSPORT"

Claim sum

5 181 565 RUR

Claim category

Default of obligations under the contract

 

 

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

-

-

-

Fixed assets

120

5239

4209

4015

Construction in progress

130

-

-

-

Income-bearing investments in tangible assets

135

-

-

-

Long-term financial investments

140

7

7

7

Deferred tax assets

145

103

56

-

Other non-current assets

150

-

-

-

Total section I

190

5349

4272

4022

II. CURRENT ASSETS

 

 

 

 

Inventories

210

1057

3391

25498

including :

 

 

 

 

 raw materials and other inventories

211

92

242

361

 livestock

212

-

-

-

 work in progress

213

-

-

-

 finished goods and goods for resale

214

703

2988

25037

 goods dispatched

215

-

-

-

 expenses related to future periods

216

262

161

100

 other supplies and expenditures

217

-

-

-

Value added tax on purchased goods

220

6169

8467

25848

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

47164

104025

39130

including :

 

 

 

 

 buyers and customers

241

26507

84755

29643

Short-term investments

250

-

-

-

Monetary assets

260

1560

22231

32779

Other current assets

270

-

-

-

Total section II

290

55950

138114

123255

TOTAL SECTIONS I and II

300

61299

142386

127277

EQUITY AND LIABILITIES

 

 

 

 

 

 

 

 

 

III. EQUITY AND RESERVES

 

 

 

 

Share capital

410

727

727

727

Treasury shares

411

-

-

-

Additional capital

420

4710

4710

4710

Legal reserve

430

-

-

-

including :

 

 

 

 

 reserves and provisions formed in
 accordance with legislation

431

-

-

-

 reserves formed in accordance
 with foundation documents

432

-

-

-

Retained earnings (loss)

470

23897

28806

69847

Total section III

490

29334

34243

75284

IV. NON-CURRENT LIABILITIES

 

 

 

 

Borrowings

510

-

-

-

Deferred tax liabilities

515

-

-

84

Other non-current liabilities

520

-

-

-

Total section IV

590

-

-

84

V. CURRENT LIABILITIES

 

 

 

 

Borrowings

610

13750

79621

43425

Accounts payable

620

18215

28522

8484

including :

 

 

 

 

 suppliers and contractors

621

6273

11147

7918

 salaries payable

622

-

-

-

 payable to state non-budget funds

623

-

-

-

 taxes payable

624

37

2164

74

 other creditors

625

11905

15211

492

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

31965

108143

51909

TOTAL SECTIONS III,IV,V

700

61299

142386

127277

 

 

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

333758

143550

109845

Cost of goods, products, work, services sold

020

136248

54105

40897

Gross profit

029

197510

89445

68948

Selling expenses

030

106043

53182

53193

Administrative expenses

040

-

-

-

Profit (loss) from operations

050

91467

36263

15755

OTHER INCOME AND EXPENSES

 

 

 

 

Interest income

060

2

-

1

Interest expenses

070

6318

5113

3675

Income from investments in other companies

080

-

-

-

Other operating income

090

53565

16920

5728

Other operating expenses

100

83497

37877

11428

Non-operating income

120

-

-

-

Non-operating expenses

130

-

-

-

Profit (loss) before profit tax

140

55219

10193

6381

Deferred tax assets

141

-

56

103

Deferred tax liabilities

142

84

-

-

Current profit tax

150

13679

4934

3032

Net profit (loss) for the reporting period

190

41456

5315

3452

 

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.45.38

UK Pound

1

Rs.72.71

Euro

1

Rs.61.15

 

 

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

 

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.