MIRA INFORM REPORT

 

 

Report Date :           

08.10.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

EXTERNAL ECONOMIC ASSOCIATION TYAZPROMEXPORT PUBLIC JOINT STOCK COMPANY

 

 

Registered Office :

Ovchinnikovskaya nab., 18/1, office 713-770, Moscow, 115324

 

 

Country :

Russia

 

 

Financials (as on) :

01.01.2010

 

 

Date of Incorporation :

08.09.2011

 

 

Com. Reg. No.:

1117746708078

 

 

Legal Form :

Public Joint Stock Company

 

 

Line of Business :

The company is engaged in construction, rehabilitation and modernization of compound technical projects of mining and metallurgical facilities

 

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 :

100 000 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 – 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 mentioned in your inquiry belongs to the company Otkrytoe aktsyonernoe obschestvo "VNESHNEEKONOMICHESKOE OB'EDINENIE "TYAZHPROMEKSPORT" (name in English: "EXTERNAL ECONOMIC ASSOCIATION "TYAZPROMEXPORT" PUBLIC JOINT STOCK COMPANY). In your inquiry the short name of the company is mentioned. We provide the report on this company.

The company Otkrytoe aktsyonernoe obschestvo "VNESHNEEKONOMICHESKOE OB'EDINENIE "TYAZHPROMEKSPORT" (registration number: 1117746708078, taxpayer number (INN): 7705961278) was formed through reorganization of the Gosudarstvennoe predpriyatie "VNESHNEEKONOMICHESKOE OB'EDINENIE "TYAZHPROMEKSPORT" (registration number: 1027739557328, taxpayer number (INN): 7705036249, date of registration: 18.11.2002) with change of legal status. The company OAO "VNESHNEEKONOMICHESKOE OB'EDINENIE "TYAZHPROMEKSPORT" is the legal successor of the Gosudarstvennoe predpriyatie "VNESHNEEKONOMICHESKOE OB'EDINENIE "TYAZHPROMEKSPORT". Data of reorganization 08.09.2011.

 

 

 

Summary

 

 

Original Name

Otkrytoe aktsyonernoe obschestvo "VNESHNEEKONOMICHESKOE OB'EDINENIE "TYAZHPROMEKSPORT"

Legal Form

OAO (Public Joint Stock Company by Russian Law)

Year of Foundation

2011

Sales

1 141 723 th RUR for 12 months, ended 01.01.2010

Employees

95 on October, 05, 2011 (company's data)

 

 

 

Creditline Recommendations

 

 

Credit Limit

100 000 USD

 

Company Identification Details

 

 

Original Name

Otkrytoe aktsyonernoe obschestvo "VNESHNEEKONOMICHESKOE OB'EDINENIE "TYAZHPROMEKSPORT"

Short Name

OAO "VO "TYAZHPROMEKSPORT"

Name in English

"EXTERNAL ECONOMIC ASSOCIATION "TYAZPROMEXPORT" PUBLIC JOINT STOCK COMPANY

Address

1-st Khoroshevskiy pr., 3, bldg. 2, Moscow, 125284, Russian Federation

Legal Address

Ovchinnikovskaya nab., 18/1, office 713-770, Moscow, 115324, Russian Federation

Phone

+7 (495) 9412552, 9415100, 9415101

Fax

+7 (495) 9412552, 9415100, 9415101

E-mail

tyazh@dol.ru

WEB Address

www.tyazh.ru

 

 

History

The company Otkrytoe aktsyonernoe obschestvo "VNESHNEEKONOMICHESKOE OB'EDINENIE "TYAZHPROMEKSPORT" (registration number: 1117746708078, taxpayer number (INN): 7705961278) was formed through reorganization of the Gosudarstvennoe predpriyatie "VNESHNEEKONOMICHESKOE OB'EDINENIE "TYAZHPROMEKSPORT" (registration number: 1027739557328, taxpayer number (INN): 7705036249, date of registration: 18.11.2002) with change of legal status. The company OAO "VNESHNEEKONOMICHESKOE OB'EDINENIE "TYAZHPROMEKSPORT" is the legal successor of the Gosudarstvennoe predpriyatie "VNESHNEEKONOMICHESKOE OB'EDINENIE "TYAZHPROMEKSPORT". Data of reorganization 08.09.2011.

 

 

 

Official Company Data

 

 

Legal Form

OAO (Public Joint Stock Company by Russian Law)

Date of Registration

08.09.2011

Registration Number

1117746708078

Statistic Code (OKPO)

02839020

Taxpayer Code (INN)

7705961278

Registration Authority

Ministry for Taxes and Duties of Russian Federation

 

 

Public Record Information

 

 

Information

The company Otkrytoe aktsyonernoe obschestvo "VNESHNEEKONOMICHESKOE OB'EDINENIE "TYAZHPROMEKSPORT" was not included in the published list of bankrupt companies.

 

 

 

Share Capital

 

 

Current Share Capital

240 568 000 RUR

 

 

 

Shareholders

 

 

Total

1 legal person

 

 

Shareholder

GOSUDARSTVENNAYA KORPORATSIYA PO SODEYSTVIYU RAZRABOTKE, PROIZVODSTVU I EKSPORTU VYSOKOTEKHNOLOGICHNOY PROMYSHLENNOY PRODUKTSII "ROSTEKHNOLOGII"

Address

Gogolevskiy bul'var, 21, bldg. 1, Moscow, 119991, Russian Federation

Registration Number

1077799030847

Taxpayer Code (INN)

7704274402

Share

100 %

 

 

 

Directors

 

 

Director

Mr Lukin Aleksandr Andreevich

 

Signature Right

Nationality

Russian Federation

Taxpayer Code (INN)

772819789850

 

 

 

Operations

 

 

Activities

Sale of the industrial equipment for the enterprises of black and nonferrous metallurgy, ore and coal industry.

The company is engaged in construction, rehabilitation and modernization of compound technical projects of mining and metallurgical facilities.

 

 

Staff Employed

95 on October, 05, 2011 (company's data)

Employees' History

140 (approx.) on July, 21, 2009 (company's data)
150 (approx.) on February, 26, 2009 (company's data)
156 on January, 01, 2005 (official data)
355 on January, 01, 2004 (official data)

 

 

 

Real Estate

 

 

Own

Office, warehouse
Address: 1-st Khoroshevskiy pr., 3, bldg. 2, Moscow, 125284, Russian Federation
(company's data)

 

 

Rent

None

 

 

 

Export & Import

 

 

Export Countries

2010: Myanma, India, Egypt
2009: Myanmar, India
2008: Cuba, Myanmar, India
2007: India, Cuba, Myanmar
2006: India

Exported Goods

equipment, spares, books, metal designs, fixture

Export Value

for 2 months 2011: none
in 2010: 1 242 648 USD
in 2009: 12 320 693 USD
in 2008: 23 246 665 USD USD
in 2007: 7 103 832 USD
in 2006: 732 059 USD

 

 

Import Countries

2006-2010, for 2 months 2011: No Import Activity

Imported Goods

none

Import Value

none

 

 

 

Branches

 

 

Branch

None

 



Participation

 

 

Information

OOO "MVT INTERNESHNL"
Registration number: 1027739294747

 

 

 

Related Companies

 

 

Information

GOSUDARSTVENNAYA KORPORATSIYA PO SODEYSTVIYU RAZRABOTKE, PROIZVODSTVU I EKSPORTU VYSOKOTEKHNOLOGICHNOY PROMYSHLENNOY PRODUKTSII "ROSTEKHNOLOGII" is also the shareholder of more than 30 companies, including:

ZAO "EYRYUNION"
Registration number: 1087746981640

OOO "STRAKHOVOY BROKER "RT-STRAKHOVANIE"
Registration number: 1097746424753

OOO "NOVYE KOMPOZITSIONNYE MATERIALY"
Registration number: 1097746694264

OAO "RT-BIOTEKHPROM"
Registration number: 1097746425996

OOO "RT-ENERGOEFFEKTIVNOST'"
Registration number: 1107746755258

OOO "RUSSKAYA TSEMENTNAYA KOMPANIYA"
Registration number: 1107746262876

ZAO "RT-OKHRANA"
Registration number: 1107746577652

OOO "RT-KAPITAL"
Registration number: 1107746989954

OAO "NAUCHNO-PROIZVODSTVENNIY KONTSERN "TEKHNOLOGII MASHINOSTROENIYA"
Registration number: 1117746260477

OAO "STRELKOVYE KOMPLEKSY"
Registration number: 1117746058550

Mr Lukin Aleksandr Andreevich isn't a shareholder and director of any other companies of Russian Federation.

 

Bankers

 

 

Bank

OOO "VNESHPROMBANK", bank code: 044525455 (Russian Federation)

 

 

Bank

ZAO AKB "MEZHREGIONAL'NYY INVESTITSIONNYY BANK" (Russian Federation)

 

 

Bank

ZAO AKB "NOVIKOMBANK" (Russian Federation)

 

 

 

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

1141723

1151057

1346423

486888

Cost of Goods sold

1023109

873332

1189559

365993

GROSS PROFIT

118614

277725

156864

120895

Distribution Costs

 

 

 

 

Management Costs

147947

163292

153368

138678

OPERATING PROFIT

-29333

114433

3496

-17783

Non Trading Income

4686

-33356

-155108

21900

PRE TAX PROFIT

-24647

81077

-151612

4117

Taxation

38

2504

 

13432

PROFIT AFTER TAX

-10695

38245

-127348

349

 

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

119520

133275

133514

94649

 Intangible Assets

1

2

3

4

 Fixed Assets

25398

30061

25395

12338

TOTAL CURRENT ASSETS

1935716

2711770

2616432

2233289

 Stock

294286

413824

525215

315062

 Trade debtors

674618

993774

690380

733897

 Cash

736454

1102867

997945

906632

TOTAL ASSETS

2055236

2845045

2749946

2327938

 

 

 

 

 

TOTAL EQUITY

353883

364578

341939

455001

 Share Capital

29

29

29

29

 Retained Profits

353854

364549

341910

454972

TOTAL LONG TERM LIABS

162378

255947

144944

8662

 Long Term Loans

130032

200575

134343

 

TOTAL CURRENT LIABS

1538975

2224520

2263063

1864275

 Short Term Loans

155609

 

 

 

 Short Term Trade Creditors

1383366

2224520

2263063

1864275

TOTAL EQUITY & LIABS

2055236

2845045

2749946

2327938

 

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

1,26

1,22

1,16

1,2

Working Capital, x1000 RUR

396741

487250

353369

369014

Quick Ratio

1,07

1,03

0,92

1,03

Debt to Equity Ratio

4,81

6,8

7,04

4,12

Current Assets Turnover

0,59

0,42

0,51

0,22

Total Assets Turnover Ratio

0,56

0,4

0,49

0,21

Pre Tax Profit Margin, %

-2,16

7,04

-11,26

0,85

Gross Profit, %

10,39

24,13

11,65

24,83

Return on Investment, %

-6,96

22,24

-44,34

0,9

Return on Assets, %

-1,2

2,85

-5,51

0,18

 

 

 

Clients & Suppliers

 

 

Clients

MYANMAR ECONOMIC CORPORATION (Myanmar)

PINN PINN CO., LTD. (Myanmar)

D.G.M CONSTRUCTION (India)

EGYPTIAN IRON AND STEEL COMPANY (Egypt)

RASHTRIYA ISPAT NIGAM LIM VISAKHAPATNAM STEEL PLANT (India)

*** 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.

 

 

Suppliers

OAO "TSENTRELEKTROSET'STROY" (Russian Federation)

ZAO MP KONTSERN "ENERGIYA" (Russian Federation)

OAO "URALELEKTROTYAZHMASH" (Russian Federation)

OOO "EKSPOS" (Russian Federation)

OAO "GIPROMEZ" (Russian Federation)

 

 

 

Actions at law

 

 

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

 

 

 

Date of registration

30.08.2011

Registration number

A40-96919/11

Plaintiff

OAO "MK ORMETO-YUUMZ"

Defendant

GP "VO "TYAZHPROMEKSPORT"

Claim sum

213 003 RUR

Claim category

Default of obligations under the contract

 

Date of registration

10.06.2011

Registration number

A40-63149/11

Plaintiff

OAO ENERGOMASHKORPORATSIYA

Defendant

GP "VO "TYAZHPROMEKSPORT"

Claim sum

9 016 640 RUR

Claim category

Default of obligations under the contract

 

Date of registration

16.12.2010

Registration number

A40-159435/09

Plaintiff

GP "VO "TYAZHPROMEKSPORT"

Defendant

OOO "TSENTR ATTESTATSII RABOCHIKH MEST"

Claim sum

-

Claim category

Economic disputes

 

Date of registration

07.12.2010

Registration number

A40-145348/10

Plaintiff

OOO "TORGOVYY DOM "PROMKOMPLEKTREZERV"

Defendant

GP "VO "TYAZHPROMEKSPORT"

Claim sum

3 170 690 RUR

Claim category

Default of obligations under the contract

 

Date of registration

07.12.2010

Registration number

A40-145029/10

Plaintiff

OOO "TSOLLRU"

Defendant

GP "VO "TYAZHPROMEKSPORT"

Claim sum

65 400 RUR

Claim category

Default of obligations under the contract

 

 

 

 

Comments

 

 


The information about banks, clients and partners, information about export and import, information about actions at law and financial data mentioned in our report belong to the Gosudarstvennoe predpriyatie "VNESHNEEKONOMICHESKOE OB'EDINENIE "TYAZHPROMEKSPORT". The Gosudarstvennoe predpriyatie "VNESHNEEKONOMICHESKOE OB'EDINENIE "TYAZHPROMEKSPORT" is the legal predecessor of the company OAO VO "TYAZHPROMEKSPORT".

 

 

 

Financial Data

 

 


We couldn't get the financial data on the company of 2010 year, because there weren't company's financial data of 2010 year in the Federal Statistics Service of Russian Federation.

 

 

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

3

2

1

Fixed assets

120

25395

30061

25398

Construction in progress

130

36

36

-

Income-bearing investments in tangible assets

135

-

-

-

Long-term financial investments

140

775

775

775

Deferred tax assets

145

107305

102401

93346

Other non-current assets

150

-

-

-

Total section I

190

133514

133275

119520

II. CURRENT ASSETS

 

 

 

 

Inventories

210

525215

413824

294286

including :

 

 

 

 

 raw materials and other inventories

211

18

6

6

 livestock

212

29530

77922

29093

 work in progress

213

162541

21810

2226

 finished goods and goods for resale

214

314637

253537

214418

 goods dispatched

215

17847

59907

47901

 expenses related to future periods

216

642

642

642

 other supplies and expenditures

217

-

-

-

Value added tax on purchased goods

220

36542

7630

18603

Accounts receivable (payments expected beyond 12 months after the reporting date)

230

154551

135510

135262

including :

 

 

 

 

 buyers and customers

231

6800

-

-

Accounts receivable (payments expected within 12 months after the reporting date)

240

690380

993774

674618

including :

 

 

 

 

 buyers and customers

241

42789

460656

376778

Short-term investments

250

211799

58165

76493

Monetary assets

260

997945

1102867

736454

Other current assets

270

-

-

-

Total section II

290

2616432

2711770

1935716

TOTAL SECTIONS I and II

300

2749946

2845045

2055236


 


 


 


 


 

EQUITY AND LIABILITIES

 

 

 

 

 

 

 

 

 

III. EQUITY AND RESERVES

 

 

 

 

Share capital

410

29

29

29

Treasury shares

411

-

-

-

Additional capital

420

-

-

-

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

341910

364549

353854

Total section III

490

341939

364578

353883

IV. NON-CURRENT LIABILITIES

 

 

 

 

Borrowings

510

134343

200575

130032

Deferred tax liabilities

515

10601

55372

32346

Other non-current liabilities

520

-

-

-

Total section IV

590

144944

255947

162378

V. CURRENT LIABILITIES

 

 

 

 

Borrowings

610

-

-

155609

Accounts payable

620

2263063

2224520

1383366

including :

 

 

 

 

 suppliers and contractors

621

168126

446467

229247

 salaries payable

622

5369

6695

1343

 payable to state non-budget funds

623

76

699

556

 taxes payable

624

134

7390

708

 other creditors

625

2089356

1763269

1151512

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

2263063

2224520

1538975

TOTAL SECTIONS III,IV,V

700

2749946

2845045

2055236

 

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

1141723

1151057

1346423

Cost of goods, products, work, services sold

020

1023109

873332

1189559

Gross profit

029

118614

277725

156864

Selling expenses

030

-

-

-

Administrative expenses

040

147947

163292

153368

Profit (loss) from operations

050

-29333

114433

3496

OTHER INCOME AND EXPENSES

 

 

 

 

Interest income

060

587

1947

8054

Interest expenses

070

13891

12316

118

Income from investments in other companies

080

24

-

-

Other operating income

090

758826

686132

545193

Other operating expenses

100

740860

709119

708237

Non-operating income

120

-

-

-

Non-operating expenses

130

-

-

-

Profit (loss) before profit tax

140

-24647

81077

-151612

Deferred tax assets

141

-9055

15576

25748

Deferred tax liabilities

142

-23045

55907

1485

Current profit tax

150

38

2504

-

Net profit (loss) for the reporting period

190

-10695

38245

-127348

 

 

Rates of Exchange

 

 

RUR

- Russian Rouble

01.01.2011:   1 EUR = 40.49 RUR,   1 USD = 30.35 RUR

EUR - EURO

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

USD - US Dollar

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

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.14

UK Pound

1

Rs.75.97

Euro

1

Rs.65.99

 

 

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.