MIRA INFORM REPORT

 

 

Report Date :           

09.05.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

OTKRYTOE AKTSYONERNOE OBSCHESTVO KOMPANIYA MAY

 

 

Formerly Known As :

OAO "FRYAZINSKIY TERMINAL"

 

 

Registered Office :

Ozernaya str., 1A, Fryazino, Moscow Region, 141191

 

 

Country :

Russia

 

 

Financials (as on) :

01.01.2010

 

 

Date of Incorporation :

06.11.2002

 

 

Com. Reg. No.:

1025007068790

 

 

Legal Form :

Public Joint Stock Company

 

 

Line of Business :

Manufacture and sales of coffee and tea

 

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 :

50 000 USD

 

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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, website, e-mail and the telephone numbers mentioned in your inquiry belong to the company Otkrytoe aktsyonernoe obschestvo KOMPANIYA "MAY" (name in English: "COMPANY MAY" PUBLIC JOINT STOCK COMPANY).

Mr Lisinenko Igor' Vasil'evich mentioned in your inquiry is the director of this company.

We provide the report on this company.

 

 

 

Summary

 

 

Original Name

Otkrytoe aktsyonernoe obschestvo KOMPANIYA "MAY"

Legal Form

OAO (Public Joint Stock Company by Russian Law)

Year of Foundation

1997

Sales

304 262 th RUR for 12 months, ended 01.01.2010

Employees

650 (approx.) on May, 06, 2010 (company's data)

 

 

 

Creditline Recommendations

 

 

Credit Limit

50 000 USD

 

 

 

Company Identification Details

 

 

Original Name

Otkrytoe aktsyonernoe obschestvo KOMPANIYA "MAY"

Short Name

OAO KOMPANIYA "MAY"

Name in English

"COMPANY MAY" PUBLIC JOINT STOCK COMPANY

Address

Ozernaya str., 1A, Fryazino, Moscow Region, 141191, Russian Federation

Legal Address

Ozernaya str., 1A, Fryazino, Moscow Region, 141191, Russian Federation

Phone

+7 (495) 7757505, 3490013

Fax

+7 (495) 7755515

E-mail

info@maycompany.ru
trevina@maycompany.ru

WEB Address

www.maycompany.ru

 

 

History

03.04.2003: change of name from OAO "FRYAZINSKIY TERMINAL"

 

Official Company Data

 

 

Legal Form

OAO (Public Joint Stock Company by Russian Law)

Date of Registration

06.11.2002

Registration Number

1025007068790

Statistic Code (OKPO)

45678395

Taxpayer Code (INN)

5052009652

Registration Authority

Ministry for Taxes and Duties of Russian Federation Inspection within Fryazino of Moscow Region

 

 

 

Public Record Information

 

 

Information

The company Otkrytoe aktsyonernoe obschestvo KOMPANIYA "MAY" was not included in the published list of bankrupt companies.

 

 

Share Capital

 

 

Current Share Capital

497 731 104 RUR

 

 

 

Shareholders

 

 

Total

legal persons and private persons

 

 

Shareholder

CORPORATION FORWARD NVESTMENTS LIMITED

Address

Ceylon

Share

54,91 %

 

 

Shareholder

OOO "TRANSPROD"

Address

Ukhtomskiy per., 4, bldg. 1, Moscow, Russian Federation

Registration Number

1027739486994

Taxpayer Code (INN)

7722144029

Share

5,19 %

 

 

Shareholder

private persons

Nationality

Russian Federation

Share

39,9 %

 

 

Comments

The information on the shareholders of the company is presented on 01.01.2009:

According to Russian legislation the information on change of shareholders of companies with the legal status joint-stock company isnt 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 its necessary to be a shareholder of this company (to have no less than 1 % of its share).

The inquired company isnt public corporation (the shares of the company arent presented on the exchange), thats why the company doesnt publish quarterly reports about the composition of shareholders.

Therefore current composition of companys shareholders may differ from ours one in the report.

 

 

 

Directors

 

 

Director

Mr Lisinenko Igor' Vasil'evich

 

Signature Right

Nationality

Russian Federation

Address

Krasnodonskaya str., 39, ap. 69, Moscow, Russian Federation

Date of Birth

18.05.1962

Taxpayer Code (INN)

772317892389

 

 

 

Re-Registration Data

 

 

Initial Registration

20.10.1997

Registration Number

50:44:0043

Registration Authority

Moscow Region Register Chamber

 

 

Date of Registration

06.11.2002

 

(Entering into the Single State Register of Legal Entities)

Registration Number

1025007068790

Registration Authority

Ministry for Taxes and Duties of Russian Federation
Inspection within Fryazino of Moscow Region

 

 

Date of Re-registration

03.04.2003

File Number

2035010552344

Registration Authority

Ministry for Taxes and Duties of Russian Federation Inspection within Fryazino of Moscow Region

Changes

Name

 

 

Date of Re-registration

26.09.2003

File Number

2035010553720

Registration Authority

Ministry for Taxes and Duties of Russian Federation Inspection within Fryazino of Moscow Region

Changes

Director

 

 

Date of Re-registration

27.10.2003

File Number

2035010554071

Registration Authority

Ministry for Taxes and Duties of Russian Federation Inspection within Fryazino of Moscow Region

Changes

Director

 

 

Date of Re-registration

05.03.2004

File Number

2045010550319

Registration Authority

Ministry for Taxes and Duties of Russian Federation Inspection within Fryazino of Moscow Region

Changes

Director

 

 

Date of Re-registration

09.03.2004

File Number

2045010550320

Registration Authority

Ministry for Taxes and Duties of Russian Federation Inspection within Fryazino of Moscow Region

Changes

Share Capital

 

 

Date of Re-registration

18.07.2005

File Number

2055014120160

Registration Authority

Ministry for Taxes and Duties of Russian Federation Inspection within Fryazino of Moscow Region

Changes

Company's Rules

 

 

Date of Re-registration

07.06.2006

File Number

2065050023784

Registration Authority

Federal Tax Service of Russian Federation Interregional Inspection N 16 within Moscow

Changes

Company's Rules

 

 

Date of Re-registration

02.05.2007

File Number

2075050021286

Registration Authority

Federal Tax Service of Russian Federation Interregional Inspection N 16 within Moscow

Changes

Company's Rules

 

 

Date of Re-registration

01.07.2008

File Number

2085050033209

Registration Authority

Federal Tax Service of Russian Federation Interregional Inspection N 16 within Moscow

Changes

Company's Rules

 

 

Date of Re-registration

16.10.2009

File Number

2095050099461

Registration Authority

Federal Tax Service of Russian Federation Interregional Inspection N 16 within Moscow

Changes

Company's Rules

 

 

 

Operations

 

 

Activities

Manufacture and sales of coffee and tea.

The company produces goods under brands MAYSKIY, LISMA, ZAVARKIN, CURTIS.

The company enters into the group of companies KOMPANIYA MAY.

 

 

Staff Employed

650 (approx.) on May, 06, 2010 (company's data)

Employees' History

700 (approx.) on July, 02, 2009 (company's data)
700 (approx.) on May, 22, 2008 (company's data)
650 (approx.) on January, 24, 2008 (company's data)
700 (approx.) on September, 05, 2006 (company's data)

 

 

 

Real Estate

 

 

Own

Industrial area, warehouse, office
Address: Ozernaya str., 1 A, Fryazino, Moscow Region, 141190, Russian Federation
(company's data)

Office
Address: 4294-th Proektiruemiy pr., 19, Moscow, 109233, Russian Federation
(company's data)

 

 

Rent

none

 

 

 

Export & Import

 

 

Export Countries

for 10 months 2010: Latvia
2008: Germany, Italy
2007: Italy, Germany
2005: Ukraine

Exported Goods

equipment, spares, tea, packaging

Export Value

for 10 months 2010: 42 214 USD
in 2009: none
in 2008: 16 089 USD
in 2007: 2 434 USD
in 2006: none
in 2005: 13 700 000 RUR
in 2004: none

 

 

Import Countries

2006-2009, for 10 months 2010: Germany, Italy, Great Britain
2005: Italy, Germany
2004: Germany

Imported Goods

equipment, spares

Import Value

for 10 months 2010: 2 569 749 USD
in 2009: 5 827 227 USD
in 2008: 7 989 823 USD
in 2007: 9 283 556 USD
in 2006: 7 302 749 USD
in 2005: 138 607 615 RUR
in 2004: 116 525 706 RUR

 

 

 

Branches

 

 

Branch

According to the company's administration the company has got representations situated in following cities of Russian Federations: St.-Petersburg, Krasnodar, Samara, Novosibirsk, Ekaterinburg, Vladivostok

 

 

 

Participation

 

 

Information

OOO "KOMPANIYA MAY"
Registration number: 1027739484079
Address: Proektiruemiy pr., 4294, 19, Moscow, 109233, Russian Federation
Share: 100 %

OOO "AGROLIDER"
Registration number: 1027739487050

 

 

 

Related Companies

 

 

Information

OOO "TRANSPROD" is the shareholder of companies:

OOO "INTERPROD"
Registration number: 1047796853917

OOO "TOPSERVIS"
Registration number: 1047796765829

Mr Lisinenko Igor' Vasil'evich is the shareholder of companies:

OOO "TORGOVO-RASPREDELITEL'NIY TSENTR "BAKALEYA"
Registration Number: 1027739462585

OOO "TK NOVEKS"
Registration Number: 1027739486565

OOO "TRTS "INTERPROD"
Registration Number: 1027739486752

OOO "TRANSPROD"
Registration Number: 1027739486994

OOO "AGROKOMSTAR"
Registration Number: 1027739487027

OOO KOMPANIYA "MAY"
Registration Number: 1025007068756

ZAO "VOSTOKBAKALEYA"
Registration number: 1035010554171

OOO "INTERPROD"
Registration Number: 1047796853917

OOO"YUNAYTED EKSPORT KOMPANI"
Registration number: 1067746126755

OOO "DZHENERAL EKSPORT"
Registration number: 1097746151513

OOO "FUD EKSPORT"
Registration number: 1097746153482

 

 

 

Bankers

 

 

Bank

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

Account(s)

40702810600090020625 (RUR)

 

 

Bank

ZAO "RAYFFAYZENBANK AVSTRIYA", bank code: 044525700 (Russian Federation)

Account(s)

40702810200001400563 (RUR)

 

 

Bank

ZAO "YUNIKREDIT BANK", bank code: 044525545 (Russian Federation)

Account(s)

40702810000010135228 (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

304262

832982

634301

338083

Cost of Goods sold

297341

461611

339900

173555

GROSS PROFIT

6921

371371

294401

164528

Distribution Costs

267

1514

1484

1337

Management Costs

3553

272005

197397

102480

OPERATING PROFIT

3101

97852

95520

60711

Non Trading Income

-497731

480847

-84820

-47350

PRE TAX PROFIT

1021

5108

10700

13361

Taxation

271

3345

4455

4023

PROFIT AFTER TAX

750

1535

6245

6560

 

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

1050964

1173748

1078013

913675

 Intangible Assets

9256

9480

5539

4002

 Fixed Assets

1016415

1105455

1017642

884011

TOTAL CURRENT ASSETS

38056

347601

310842

317277

 Stock

26935

57074

100180

41721

 Trade debtors

10920

167555

191959

170464

 Cash

201

6352

17060

1992

TOTAL ASSETS

1089020

1521349

1388855

1230952

 

 

 

 

 

TOTAL EQUITY

689498

688748

695213

688968

 Share Capital

497731

497731

497731

497731

 Retained Profits

34973

34223

40688

34443

TOTAL LONG TERM LIABS

359958

712784

589803

493283

 Long Term Loans

359958

711420

588476

492286

TOTAL CURRENT LIABILITIES

39564

119817

103839

48701

 Short Term Loans

 

 

 

 

 Short Term Trade Creditors

39564

119817

103839

43371

TOTAL EQUITY & LIABILITIES

1089020

1521349

1388855

1230952

 

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

0,96

2,9

2,99

6,51

Working Capital, x1000 RUR

-1508

227784

207003

268576

Quick Ratio

0,28

2,42

2,03

5,66

Debt to Equity Ratio

0,58

1,21

1

0,79

Current Assets Turnover

8

2,4

2,04

1,07

Total Assets Turnover Ratio

0,28

0,55

0,46

0,27

Pre Tax Profit Margin, %

0,34

0,61

1,69

3,95

Gross Profit, %

2,27

44,58

46,41

48,66

Return on Investment, %

0,15

0,74

1,54

1,94

Return on Assets, %

0,09

0,34

0,77

1,09

 

 

 

Clients & Suppliers

 

 

Clients

IMA S.P.A. (Italy)

TEEPACK SPEZIALMASCHINEN GMBH AND CO.KG (Germany)

OOO PII MAYSKIY CHAY (Ukraine)

OOO "TK NOVEKS" (Russian Federation)

OOO "YUNA TREYD" (Russian Federation)

OOO "TRTS BAKALEYA" (Russian Federation)

ZAO "CHERMET-REZERV" (Russian Federation)

OOO "ARTEKS" (Russian Federation)

OAO "PLASTPOLITEN" (Russian Federation)

OOO "KLIN MASTER" (Russian Federation)

ZAO "TD PRODINVEST" (Russian Federation)

OOO "PRODTORGMASH" (Russian Federation)

ZAO TRTS "PROMPAK" (Russian Federation)

OOO "KOKA-KOLA EYCHBISI EVRAZIYA" (Russian Federation)

ZAO "VOSTOKBAKALEYA" (Russian Federation)

 

 

Suppliers

IMA S.P.A. (Italy)

IMA FLAVOUR S.P.L. (Italy)

TEEPACK SPEZIALMASCHINEN GMBH AND CO.KG (Germany)

BRADMAN LAKE LTD. (Great Britain)

BRAMPATI S.P.A (Italy)

AZO GMBH (Germany)

ABX LOGISTICS INTERNATIONAL GMBH (Germany)

OOO "TRTS "INTERPROD" (Russian Federation)

OOO "TK NOVEKS" (Russian Federation)

OOO "INTEK" (Russian Federation)

ZAO "STROITEL'NAYA FIRMA ALANA" (Russian Federation)

ZAO "BESTROM" (Russian Federation)

OOO "ELEKTRONMONTAZHSTROY" (Russian Federation)

OAO "RESO-GARANTIYA" (Russian Federation)

OOO "GLOBAL PRINTING SISTEMS" (Russian Federation)

OOO "DOLINA SERVIS" (Russian Federation)

ZAO "PRODMASHIMPORT" (Russian Federation)

OOO "STROYVENTSERVIS" (Russian Federation)

OOO "KVADRAT SG" (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

15.03.2011

Registration number

A41-9730/11

Plaintiff

OAO KOMPANIYA "MAY"

Defendant

OAO " 56 INSTITUT INZHENERNYKH IZYSKANIY"

Claim sum

-

Claim category

Economic disputes

 

 

 

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

5539

9480

9256

Fixed assets

120

1017642

1105455

1016415

Construction in progress

130

25293

25293

25293

Income-bearing investments in tangible assets

135

-

-

-

Long-term financial investments

140

28954

32724

-

Deferred tax assets

145

585

796

-

Other non-current assets

150

-

-

-

Total section I

190

1078013

1173748

1050964

II. CURRENT ASSETS

 

 

 

 

Inventories

210

100180

57074

26935

including :

 

 

 

 

 raw materials and other inventories

211

94615

50375

26935

 livestock

212

-

-

-

 work in progress

213

-

-

-

 finished goods and goods for resale

214

-

-

-

 goods dispatched

215

-

-

-

 expenses related to future periods

216

5565

6699

-

 other supplies and expenditures

217

-

-

-

Value added tax on purchased goods

220

1643

4049

-

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

191959

167555

10920

including :

 

 

 

 

 buyers and customers

241

127326

113726

6100

Short-term investments

250

-

112450

-

Monetary assets

260

17060

6352

201

Other current assets

270

-

121

-

Total section II

290

310842

347601

38056

TOTAL SECTIONS I and II

300

1388855

1521349

1089020


 


 


 


 


 

EQUITY AND LIABILITIES

 

 

 

 

 

 

 

 

 

III. EQUITY AND RESERVES

 

 

 

 

Share capital

410

497731

497731

497731

Treasury shares

411

-

-

-

Additional capital

420

156794

156794

156794

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

40688

34223

34973

Total section III

490

695213

688748

689498

IV. NON-CURRENT LIABILITIES

 

 

 

 

Borrowings

510

588476

711420

359958

Deferred tax liabilities

515

1327

1364

-

Other non-current liabilities

520

-

-

-

Total section IV

590

589803

712784

359958

V. CURRENT LIABILITIES

 

 

 

 

Borrowings

610

-

-

-

Accounts payable

620

103839

119817

39564

including :

 

 

 

 

 suppliers and contractors

621

76531

37879

27401

 salaries payable

622

14649

49708

8437

 payable to state non-budget funds

623

10553

1396

1081

 taxes payable

624

1947

29741

2374

 other creditors

625

159

1093

271

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

103839

119817

39564

TOTAL SECTIONS III,IV,V

700

1388855

1521349

1089020

 

 

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

304262

832982

634301

Cost of goods, products, work, services sold

020

297341

461611

339900

Gross profit

029

6921

371371

294401

Selling expenses

030

267

1514

1484

Administrative expenses

040

3553

272005

197397

Profit (loss) from operations

050

3101

97852

95520

OTHER INCOME AND EXPENSES

 

 

 

 

Interest income

060

-

28

-

Interest expenses

070

-

54477

44641

Income from investments in other companies

080

-

-

-

Other operating income

090

-

535296

104711

Other operating expenses

100

497731

-

144890

Non-operating income

120

-

-

-

Non-operating expenses

130

-

-

-

Profit (loss) before profit tax

140

1021

5108

10700

Deferred tax assets

141

-

568

584

Deferred tax liabilities

142

-

796

584

Current profit tax

150

271

3345

4455

Net profit (loss) for the reporting period

190

750

1535

6245

 

 

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.44.78

UK Pound

1

Rs.73.43

Euro

1

Rs.65.27

 

 

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.