MIRA INFORM REPORT

 

 

Report Date :

24.03.2011

 

IDENTIFICATION DETAILS

 

Name :

FEDERAL'NOE GOSUDARSTVENNOE UNITARNOE PREDPRIYATIE "VNESHNEEKONOMICHESKOE OB'EDINENIE "ALMAZYUVELIREKSPORT"

 

 

Registered Office :

Zubovskiy bul'var, 25, bldg. 1, Moscow, 119021, Russian Federation

 

 

Country :

Russia

 

 

Financials (as on) :

01.01.2010

 

 

Year of Establishment :

1993

 

 

Com. Reg. No.:

1027739136017

 

 

Legal Form :

FGUP (Federal State Unitary Enterprise by Russian Law)

 

 

Line of Business :

Wholesale trade in precious stones and metals for manufacture of jewels

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 – December 31, 2010

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

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 mentioned in your inquiry belongs to the company FEDERAL'NOE GOSUDARSTVENNOE UNITARNOE PREDPRIYATIE "VNESHNEEKONOMICHESKOE OB'EDINENIE "ALMAZYUVELIREKSPORT" (name in English: "FOREIGN ECONOMIC ASSOCIATION "DIAMONDJEWELEREXPORT" FEDERAL STATE UNITARY ENTERPRISE). The company operates under trading name ALMAZYUVELIREKSPORT. We provide the report on this company.

 

 

 

Summary

 

 

Original Name

FEDERAL'NOE GOSUDARSTVENNOE UNITARNOE PREDPRIYATIE "VNESHNEEKONOMICHESKOE OB'EDINENIE "ALMAZYUVELIREKSPORT"

Legal Form

FGUP (Federal State Unitary Enterprise by Russian Law)

Year of Foundation

1993

Sales

1 965 276 th RUR for 12 months, ended 01.01.2010

Employees

300 (approx.)

 

 

 

 

Company Identification Details

 

 

 

Original Name

FEDERAL'NOE GOSUDARSTVENNOE UNITARNOE PREDPRIYATIE "VNESHNEEKONOMICHESKOE OB'EDINENIE "ALMAZYUVELIREKSPORT"

Short Name

FGUP "V/O "ALMAZYUVELIREKSPORT"

Name in English

"FOREIGN ECONOMIC ASSOCIATION "DIAMONDJEWELEREXPORT" FEDERAL STATE UNITARY ENTERPRISE

Address

Ostozhenka str., 22/1, Moscow, 119034, Russian Federation

Legal Address

Zubovskiy bul'var, 25, bldg. 1, Moscow, 119021, Russian Federation

Phone

+7 (495) 6947848, 6947880, 6947878

Fax

+7 (495) 6947848, 6947880, 6947878

E-mail

info@almaz.ru
almazexport@mail.ru

WEB Address

www.almaz.ru /under construction/

 

 

History

03.11.2005: change of name from GOSUDARSTVENNOE UNITARNOE PREDPRIYATIE VNESHNEEKONOMICHESKOE OB'EDINENIE "ALMAZYUVELIREKSPORT"

 

 

 

Official Company Data

 

 

Legal Form

FGUP (Federal State Unitary Enterprise by Russian Law)

Date of Registration

30.08.2002

Registration Number

1027739136017

Statistic Code (OKPO)

1859902

Taxpayer Code (INN)

7704047921

Registration Authority

Ministry for Taxes and Duties of Russian Federation

 

 

 

Public Record Information

 

 

Information

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

 

 

 

Share Capital

 

 

Current Share Capital

8 000 000 000 RUR

 

 

 

Shareholders

 

 

Total

1 legal person

 

 

Shareholder

MINISTERSTVO FINANSOV ROSSIYSKOY FEDERATSII (MINISTRY OF FINANCE OF RUSSIAN FEDERATION)

Address

Il'inka str., 9, Moscow, 103097, Russian Federation

Registration Number

1037739085636

Taxpayer Code (INN)

7710168360

Share

100 %

 

Directors

 

 

Director

Mr Usmanov Rustem Mansurovich

 

Signature Right

Nationality

Russian Federation

Taxpayer Code (INN)

771609397100

 

 

 

Re-Registration Data

 

 

Initial Registration

16.12.1993

Registration Number

028.966

Registration Authority

Moscow Register Chamber

 

 

Date of Registration

30.08.2002

 

(Entering into the Single State Register of Legal Entities)

Registration Number

1027739136017

Registration Authority

Ministry for Taxes and Duties of Russian Federation

 

 

Date of Re-registration

03.11.2005

File Number

2057748912241

Registration Authority

Federal Tax Service of Russian Federation

Changes

Name

 

 

 

Operations

 

 

Activities

Wholesale trade in precious stones and metals for manufacture of jewels.

The company operates under trading name ALMAZYUVELIREKSPORT.

 

 

Staff Employed

300 (approx.) on March, 22, 2011 (company's data)

 

 

 

Real Estate

 

 

Own

Office
Address: Ostozhenka str., 22/1, Moscow, 119034, Russian Federation
(company's data)

 

 

Rent

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

 

 

 

Export & Import

 

 

Export Countries

for 10 months 2010: Belgium, United Arab Emirates, Israel, India, Switzerland, Canada, Hong Kong
2009: Switzerland, Germany, Japan, USA, Great Britain, Belgium, United Arab Emirates, China, Israel, Hong Kong, Netherlands, Canada, India, Czechia
2008: USA, Germany, Japan, Switzerland, United Arab Emirates, China, Belgium, Great Britain, Hong Kong, Israel
2007: Switzerland, USA, Japan, Great Britain, Germany, Belgium, United Arab Emirates, Hong Kong, Israel, Netherlands, Korea, Czechia

Exported Goods

natural stone, precious metals

Export Value

for 10 months 2010: 99 442 510 USD
in 2009: 739 828 779 USD
in 2008: 737 668 248 USD
in 2007: 1 679 550 883 USD

 

 

Import Countries

2008: Belgium

Imported Goods

equipment, bags, paper products, rubber products

Import Value

for 10 months 2010: none
in 2009: none
in 2008: 70 173 USD
in 2007: none

 

 

 

Branches

 

 

Branch

None

 

 

 

Participation

 

 

Information

OOO "ALMAZ"
Registration number: 1026701440040
OOO "ALMOSS"
Registration number: 1037739239581

OOO "MOSALMAZ"
Registration number: 102770019418

OOO "KRISTALLDIAM"
Registration number: 1026701429402

 

 

 

Related Companies

 

 

Information

MINISTERSTVO FINANSOV ROSSIYSKOY FEDERATSII (MINISTRY OF FINANCE OF RUSSIAN FEDERATION) is also the shareholder of more than 100 companies, including:

GOSUDARSTVENNOE UNITARNOE PREDPRIYATIE "KALININGRADSKIY YANTARNIY KOMBINAT"
Registration number: 1023902058685

GOSUDARSTVENNOE UCHREZHDENIE "EKATERINBURGSKAYA MEZHREGIONAL'NAYA INSPEKTSIYA STRAKHOVOGO NADZORA MF RF"
Registration number: 1026602330501

GOSUDARSTVENNOE UCHREZHDENIE "VEDOMSTVENNAYA OKHRANA MINISTERSTVA FINANSOV ROSSIYSKOY FEDERATSII"
Registration number: 1027739085461

GOSUDARSTVENNOE OBRAZOVATEL'NOE UCHREZHDENIE SREDNEGO PROFESSIONAL'NOGO OBRAZOVANIYA "PERMSKIY FINANSOVO-EKONOMICHESKIY KOLLEDZH"
Registration number: 1025901370494

GOSUDARSTVENNOE OBRAZOVATEL'NOE UCHREZHDENIE SREDNEGO PROFESSIONAL'NOGO OBRAZOVANIYA "BLAGOVESCHENSKIY FINANSOVO-EKONOMICHESKIY KOLLEDZH"
Registration number: 1022800528442

 

Bankers

 

 

Bank

OAO BANK "VOZROZHDENIE", bank code: 044525181 (Russian Federation)

Account(s)

40502810500200140554 (RUR)

 

 

Bank

OAO "VTB 24", bank code: 044525187 (Russian Federation)

Account(s)

40502810700000000528 (RUR)

 

 

Bank

OAO AKB "ROSBANK", bank code: 044525256 (Russian Federation)

Account(s)

40502810200000013247 (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

1965276

2941446

3417111

2539169

Cost of Goods sold

1793256

2341710

2755322

1980932

GROSS PROFIT

172020

599736

661789

558237

Distribution Costs

402947

575728

476581

470431

Management Costs

 

 

 

 

OPERATING PROFIT

-230927

24008

185208

87806

Non Trading Income

470092

230892

-400885

182197

PRE TAX PROFIT

239165

254900

-215677

270003

Taxation

47164

217597

26706

11387

PROFIT AFTER TAX

197141

22668

-241942

254669

 

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

6532526

6505692

6383056

4865051

 Intangible Assets

 

 

 

 

 Fixed Assets

90394

85420

80985

91116

TOTAL CURRENT ASSETS

4297634

15693027

14042881

19992337

 Stock

2158535

3050249

2231008

2349566

 Trade debtors

901842

9543696

10591123

14063402

 Cash

116443

2741634

985006

2038795

TOTAL ASSETS

10830160

22198719

20425937

24857388

 

 

 

 

 

TOTAL EQUITY

10654530

10457389

10645796

10996368

 Share Capital

8000000

8000000

8000000

8000000

 Retained Profits

1586202

1390194

1578573

1935469

TOTAL LONG TERM LIABS

6598

12329

934

934

 Long Term Loans

 

 

 

 

TOTAL CURRENT LIABILITIES

169032

11729001

9779207

13860086

 Short Term Loans

 

 

 

 

 Short Term Trade Creditors

140018

11710351

9760562

13842177

TOTAL EQUITY & LIABILITIES

10830160

22198719

20425937

24857388

 

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

25,42

1,34

1,44

1,44

Working Capital, x1000 RUR

4128602

3964026

4263674

6132251

Quick Ratio

12,65

1,08

1,21

1,27

Debt to Equity Ratio

0,02

1,12

0,92

1,26

Current Assets Turnover

0,46

0,19

0,24

0,13

Total Assets Turnover Ratio

0,18

0,13

0,17

0,1

Pre Tax Profit Margin, %

12,17

8,67

-6,31

10,63

Gross Profit, %

8,75

20,39

19,37

21,99

Return on Investment, %

2,24

2,44

-2,03

2,46

Return on Assets, %

2,21

1,15

-1,06

1,09

 

 

Clients & Suppliers

 

Clients

KANTECH SYSTEMS LIMITED (Canada)

DIABEX N.V. (Belgium)

HARI KRISHNA EXPORTS (India)

JERODIAM LTD. (Israel)

RATILAL BECHARLAL AND SONS (India)

DOMINO DIAMONDS LTD. (Israel)

RAJ IMPEX LTD. (United Arab Emirates)

OOO "ALMOSS" (Russian Federation)

OOO "MOSALMAZ" (Russian Federation)

OAO "ALROSA-NYURBA" (Russian Federation)

OOO "CHELPROM-DAYMOND" (Russian Federation)
ZAO "YUNILYUKS" (Russian Federation)
ZAO "ARTEL' STARATELEY AMUR" (Russian Federation)
ZAO "KORYAKGEOLDOBYCHA" (Russian Federation)

 

 

Suppliers

RUBIN AND ZONEN B.V.B.A. (Belgium)

OOO "DDK" (Russian Federation)

OOO "ALMAZ" (Russian Federation)

OOO "KRISTALLDIAM" (Russian Federation)

OOO "DIAPUR" (Russian Federation)

OAO "PO KRISTALL" (Russian Federation)

ZAO "ALROSA" (Russian Federation)

ZAO "ARKHANGEL'SKIE ALMAZY" (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    03.02.2009

Registration number  10328/09-110-120

Plaintiff                      FGUP "V/O "ALMAZYUVELIREKSPORT"

Defendant                  State storehouse of values

Claim sum                 30 000 000 RUR

Claim category          Default of obligations under the contract

 

Date of registration    20.07.2004

Registration number  36142/04-27-170

Plaintiff                      GUP "V/O "ALMAZYUVELIREKSPORT"

Defendant                  ZAO "MASTER-R.O.S.S.I.YA."

Claim sum                 73 660 029 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    80985          85420          90394

Construction in progress                130    -                  -                  -

Income-bearing investments in tangible assets            135              -          -           -

Long-term financial investments     140    6299402      6418692       6441119

Deferred tax assets                       145    2669            1580            1013

Other non-current assets               150    -                  -                  -

Total section I                             190    6383056      6505692       6532526

II. CURRENT ASSETS                                                                  

Inventories                                    210    2231008      3050249       2158535

including :                                                                                    

 raw materials and other inventories         211             2453            3689    2290

 livestock                                     212    -                  -                  -

 work in progress                          213    -                  -                  -

 finished goods and goods for resale        214             2225808       2979019          2119437

 goods dispatched                        215    -                  -                  -

 expenses related to future periods 216    2747            67541          36808

 other supplies and expenditures    217    -                  -                  -

Value added tax on purchased goods      220             14828          357448            322930

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       10591123          9543696                                                   901842

including :                                                                                    

 buyers and customers                  241    9640630      8761601       195828

Short-term investments                 250    220916        -                  797884

Monetary assets                           260    985006        2741634       116443

Other current assets                     270    -                  -                  -

Total section II                            290    14042881     15693027     4297634

TOTAL SECTIONS I and II           300    20425937     22198719     10830160


                                                  

EQUITY AND LIABILITIES                                                            

                                                                                                   

III. EQUITY AND RESERVES                                                        

Share capital                                410    8000000      8000000       8000000

Treasury shares                            411    -                  -                  -

Additional capital                          420    8897            8869            8869

Legal reserve                                430    1058326      1058326       1059459

including :                                                                                    

 reserves and provisions formed in
 accordance with legislation           431    1058326      1058326       1059459

 reserves formed in accordance
 with foundation documents           432    -                  -                  -

Retained earnings (loss)                470    1578573      1390194       1586202

Total section III                           490    10645796     10457389     10654530

IV. NON-CURRENT LIABILITIES                                                   

Borrowings                                   510    -                  -                  -

Deferred tax liabilities                    515    934             12329          6598

Other non-current liabilities            520    -                  -                  -

Total section IV                          590    934             12329          6598

V. CURRENT LIABILITIES                                                            

Borrowings                                   610    -                  -                  -

Accounts payable                         620    9760562      11710351     140018

including :                                                                                    

 suppliers and contractors             621    9741491      11635104     138678

 salaries payable                          622    -                  -                  -

 payable to state non-budget funds 623    -                  -                  -

 taxes payable                              624    18259          72742          926

 other creditors                             625    812             2505            414

Dividends payable to participants (shareholders)         630              -          -           -

Income of future periods                640    18645          18650          29014

Reserves for future expenses
and payments                              650    -                  -                  -

Other current liabilities                  660    -                  -                  -

Total section V                           690    9779207      11729001     169032

TOTAL SECTIONS III,IV,V           700    20425937     22198719     10830160

 

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       1965276                                                   2941446               3417111

Cost of goods, products, work, services sold              020              1793256          2341710            2755322

Gross profit                                  029    172020        599736         661789

Selling expenses                          030    402947        575728         476581

Administrative expenses                040    -                  -                  -

Profit (loss) from operations           050    -230927       24008          185208

OTHER INCOME AND EXPENSES                                                           

Interest income                             060    356399        288019         240070

Interest expenses                         070    -                  -                  -

Income from investments in other companies              080              40225  13734   25100

Other operating income                 090    7385615      4702782       3097615

Other operating expenses              100    7312147      4773643       3763670

Non-operating income                   120    -                  -                  -

Non-operating expenses                130    -                  -                  -

Profit (loss) before profit tax       140    239165        254900         -215677

Deferred tax assets                       141    -566            -774             446

Deferred tax liabilities                    142    -5706           13860          -

Current profit tax                           150    47164          217597         26706

Net profit (loss) for the reporting period                 190              197141            22668   -241942

 

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

 

Information is strictly confidential.
This Report prepared for Costumer only.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.96

UK Pound

1

Rs.73.56

Euro

1

Rs.63.68

 

 

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.