MIRA INFORM REPORT

 

 

Report Date :           

09.08.2012

 

IDENTIFICATION DETAILS

 

Name :

OTKRYTOE AKTSYONERNOE OBSCHESTVO "NEFTYANAYA KOMPANIYA "ROSNEFT'"

 

 

Registered Office :

Sofiyskaya nab., 26/1, Moscow, 115035, Russian Federation

 

 

Country :

Russia

 

 

Financials (as on) :

01.04.2012

 

 

Date of Incorporation :

19.07.2002

 

 

Com. Reg. No.:

1027700043502

 

 

Legal Form :

OAO (Public Joint Stock Company by Russian Law)

 

 

Line of Business :

Manufacture and sales of oil and gas.

 

 

No. of Employees :

2180

 

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

 

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)

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 belonged to the company Otkrytoe aktsyonernoe obschestvo "NK"ROSNEFT'"-STAVROPOL'NEFTEGAZ" (registration number: 1022600872799) (short name in English: OJSC STAVROPOLNEFT).


On 01.10.2006 in the Single State Register of Legal Entities of Russian Federation a record about termination of business activity of the company OOO "NK"ROSNEFT'"-STAVROPOL'NEFTEGAZ" (registration number: 1022600872799) and about association it to the company OAO "ROSNEFT'" (registration number: 1027700043502) was included.


Thus the company OOO "NK"ROSNEFT'"-STAVROPOL'NEFTEGAZ" at the moment does not exist and the company OAO "ROSNEFT'" is its assignee.


We provide the report on the company OAO "ROSNEFT'".


In your inquiry the telephone number +7 926 004 93 05 is mentioned. We've been trying to contact the company by the number +7 (8634) 311249 but we failed, by phone the fax is working.

 

 

Summary

 

 

Original Name

Otkrytoe aktsyonernoe obschestvo "NEFTYANAYA KOMPANIYA "ROSNEFT'"

Legal Form

OAO (Public Joint Stock Company by Russian Law)

Year of Foundation

1995

Sales

448 237 586 th RUR for 3 months, ended 01.04.2012

Employees

2 180 on April, 01, 2012 (official data)

 

 

Company Identification Details

 

 

Original Name

Otkrytoe aktsyonernoe obschestvo "NEFTYANAYA KOMPANIYA "ROSNEFT'"

Short Name

OAO "ROSNEFT'"

Name in English

"OIL COMPANY ROSOIL" PUBLIC JOINT STOCK COMPANY

Address

Sofiyskaya nab., 26/1, Moscow, 115035, Russian Federation

Legal Address

Sofiyskaya nab., 26/1, Moscow, 115035, Russian Federation

Phone

+7 (495) 7774422

Fax

+7 (495) 7774444

E-mail

postman@rosneft.ru

WEB Address

www.rosneft.ru

 

 

History

01.10.2006: the annexation of the companies Otkrytoe aktsyonernoe obschestvo "NK "ROSNEFT'"- SAKHALINMORNEFTEGAZ" (registration number: 1026500528185), Otkrytoe aktsyonernoe obschestvo "NK "ROSNEFT'" - ARKHANGEL'SKNEFTEPRODUKT" (registration number: 1022901495341), Otkrytoe aktsyonernoe obschestvo "SEL'KUPNEFTEGAZ" (registration number: 1028900699024), Otkrytoe aktsyonernoe obschestvo "NK "ROSNEFT'" - NAKHODKANEFTEPRODUKT" (registration number: 1022500703807), Otkrytoe aktsyonernoe obschestvo "NK ROSNEFT'"-KRASNODARNEFTEGAZ" (registration number: 1022301172827), Otkrytoe aktsyonernoe obschestvo "NK "ROSNEFT'" - KOMSOMOL'SKIY NEFTEPERERABATYVAYUSCHIY ZAVOD" (registration number: 1022700516827), Otkrytoe aktsyonernoe obschestvo "SEVERNAYA NEFT'" (registration number: 1025700825050), Otkrytoe aktsyonernoe obschestvo "YUGANSKNEFTEGAZ" (registration number: 1028601789556), Otkrytoe aktsyonernoe obschestvo "NK "ROSNEFT'" - PURNEFTEGAZ" (registration number: 1028900897838), Otkrytoe aktsyonernoe obschestvo "NK "ROSNEFT'"-TUAPSENEFTEPRODUKT" (registration number: 1022303278964), Otkrytoe aktsyonernoe obschestvo "NK "ROSNEFT'"- TUAPSINSKIY NEFTEPERERABATYVAYUSCHIY ZAVOD" (registration number: 1022303280966), Otkrytoe aktsyonernoe obschestvo "NK"ROSNEFT'"-STAVROPOL'NEFTEGAZ" (registration number: 1022600872799).

 

 

Official Company Data

 

 

Legal Form

OAO (Public Joint Stock Company by Russian Law)

Date of Registration

19.07.2002

Registration Number

1027700043502

Statistic Code (OKPO)

44428

Taxpayer Code (INN)

7706107510

Registration Authority

Ministry for Taxes and Duties of Russian Federation

 

 

Public Record Information

 

 

Information

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

 

 

Share Capital

 

 

Current Share Capital

105 981 778 RUR

 

 

Shareholders

 

 

Total

31 841 legal and private persons incl.

 

 

Shareholder

OAO "ROSNEFTEGAZ"

Address

Sofiyskaya nab., 26/1, Moscow, 115035, Russian Federation

Registration Number

1047796902966

Taxpayer Code (INN)

7705630445

Share

75,16 %

 

 

Comments

The information on the shareholders of the company is presented on 01.04.2012.

By Russian law full structural information of shareholders is not available.

 

 

Directors

 

 

Director

Mr Sechin Igor' Ivanovich

 

Signature Right

Nationality

Russian Federation

 

 

Executives

Data on 01.04.2012:

Board of Directors

Chief of Board of Directors - Mr Nekipelov Aleksandr Dmitrievich, year of birth 1951

Members of Board of Directors

Mr Bogdanov Vladimir Leonidovich, year of birth 1951
Mr Varnig Mattias, year of birth 1955
Mr Kostin Andrey Leonidovich, year of birth 1956
Mr Rudloff Khans-Yorg, year of birth 1940
Mr Tokarev Nikolay Petrovich, year of birth 1950
Mr Khudaynatov Eduard Yur'evich, year of birth 1960
Mr Shishin Sergey Vladimirovich, year of birth 1963
Mr Shugaev Dmitriy Evgen'evich, year of birth 1965

 

 

Re-Registration Data

 

 

Initial Registration

07.12.1995

Registration Number

024537

Registration Authority

Moscow Register Chamber

 

 

Date of Registration

19.07.2002

 

(Entering into the Single State Register of Legal Entities)

Registration Number

1027700043502

Registration Authority

Ministry for Taxes and Duties of Russian Federation

 

 

Date of Re-registration

08.06.2006

File Number

9067746050407

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

19.09.2006

File Number

2067756949852

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

02.11.2006

File Number

2067759129557

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

06.12.2006

File Number

2067760637041

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

08.08.2007

File Number

2077758863356

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

12.03.2008

File Number

7087746218025

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

24.09.2009

File Number

9097747670055

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

25.03.2010

File Number

8107746867539

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

17.03.2011

File Number

6117746655680

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

07.09.2011

File Number

6117747422710

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Operations

 

 

Activities

Manufacture and sales of oil and gas.

The company is engaged in exploration and production of hydrocarbons, production of petroleum products and petrochemicals, and marketing of outputs.

Rosneft is widely engaged in exploration and production across all key hydrocarbon regions of Russia: Western Siberia, Southern and Central Russia, Timan-Pechora, Eastern Siberia and the Far East. In addition, the company participates in several exploration projects in Kazakhstan and Algeria. Rosneft’s seven major refineries have convenient locations throughout the country, from the Black Sea coast to the Far East, and the company’s retail network covers 41 regions of the Russian Federation. Rosneft also owns 50% of Ruhr Oel GmbH which holds stakes in four refineries in Germany.

 

 

Staff Employed

2 180 on April, 01, 2012 (official data)

Employees' History

1 802 on January, 01, 2012 (official data)
1 500 (approx.) on July, 16, 2010 (company's data)
1 472 on April, 01, 2010 (official data)
1 510 on January, 01, 2010 (official data)

 

 

Real Estate

 

 

Own

Office
Address: Sofiyskaya nab., 26/1, Moscow, 115035, Russian Federation
(company's data)

The total sum of immovables (lands, buildings, constructions) on 01.04.2010: 360 225 400 397 RUR.

The total sum of immovables (lands, buildings, constructions) on 01.04.2012: 520 945 592 181 RUR.

 

 

Rent

None

 

 

Export & Import

 

 

Export Countries

2007-2011: Italy, Netherlands, China, Japan, Poland, Siangan (Hong Kong), Finland, France, Singapore, Korea, Turkey, Chyprus, Lithuania, USA, India, Belgium, Spain, Latvia, Malta, Tunis, Malaysia, Great Britai, Canada, Ukraine, Kazakhstan, Greece, Brazil, Taiwan, Bulgaria, Georgia and others

Exported Goods

oil

Export Value

in 2011: 42 191 618 452 USD
in 2010: 42 843 793 662 USD
in 2009: 31 812 497 441 USD
in 2008: 48 404 192 757 USD
in 2007: 29 550 064 052 USD

 

 

Import Countries

2007-2011: Sweden, Japan, Argentina, China, Uruguay, Ukraine, Singapore, USA,Great Britai, Canada, Ukraine, Kazakhstan, Greece, Brazil, Taiwan, Bulgaria, Georgia and others

Imported Goods

equipment

Import Value

in 2011: none
in 2010: none
in 2009: 27 092 412 USD
in 2008: 77 701 097 USD
in 2007: 643 120 USD

 

 

 

Branches

 

 

Branch

The company has got branches and representations in following cities of Russian Federations:
Grozniy, Krasnodar, Gubkinskiy, Yuzhno-Sakhalinsk, Neftekumsk, Nefteyugansk, Usinsk, Komsomol'sk-na-Amure, Talagi, Vladivostok, Malgobek.

 

 

Participation

 

 

Information

The company is a shareholder of companies:

ZAO "VANKORNEFT'"
Address: A.E. Shadrina str., 20, Turukhansk village, Krasnoyarsk Region, 663230, Russian Federation
Registration Number: 1042400920077
Taxpayer Code (INN): 2437261631
Share: 93,96 %

OOO "RN-RAZVITIE"
Address: Sofiyskaya nab., 26/1, Moscow, 115035, Russian Federation
Registration Number: 1077746098396
Taxpayer Code (INN): 7706645719
Share: 9,53 %

 

 

Related Companies

 

 

Information

The company OAO "ROSNEFTEGAZ" is a shareholder of companies:

OAO "UNIVERSAL'NYY KOMMERCHESKIY INVESTITSIONNYY TSENTR"
Registration number: 1035004453736

OOO "VOSTOKGAZINVEST"
Registration number: 1117746028290

OAO "GAZPROM"
Registration number: 1027700070518

 

 

 

Bankers

 

 

Bank

"BNP PARIBA" ZAO, bank code: 044525185 (Russian Federation)

Account(s)

40502810300000010008 (RUR)

 

 

Bank

OAO VNESHTORGBANK, bank code: 044525187 (Russian Federation)

Account(s)

40702810500060000283 (RUR)

 

 

Bank

"ABN AMRO BANK A.O.", bank code: 044525217 (Russian Federation)

Account(s)

40502810200005159466 (RUR)

 

 

Financial Data

 

 

Profit and Loss (extract)

 

The following figures are shown in units of 1000

 

 

 

Period, months

3

12

12

12

Ended

01.04.2012

01.01.2012

01.01.2011

01.01.2010

Currency

RUR

RUR

RUR

RUR

SALES

448237586

1372129955

1061306372

949878883

Cost of Goods sold

306573560

929231000

667758779

548902320

GROSS PROFIT

141664026

442898955

393547593

400976563

Distribution Costs

40835730

125801575

126387002

115410238

Management Costs

6683941

22820359

14799811

14627436

OPERATING PROFIT

90370246

280466460

252360780

270938889

Non Trading Income

13826184

4692887

-15199720

-13869421

PRE TAX PROFIT

104196430

285159347

237161060

257069468

Taxation

23878418

49754241

31504

44556167

PROFIT AFTER TAX

80318012

235405106

237129556

208179775

 

Balance Sheet (extract)

 

The following figures are shown in units of 1000

 

As at

01.04.2012

01.01.2012

01.01.2011

01.01.2010

Currency

RUR

RUR

RUR

RUR

TOTAL FIXED ASSETS

1191529565

1185022986

1046584352

1027678798

 Intangible Assets

674987

412968

3132521

3358598

 Fixed Assets

603751084

578085341

329703446

287121412

TOTAL CURRENT ASSETS

931432436

910315766

877373479

644871783

 Stock

93039329

79732744

34887958

27705185

 Trade debtors

 

 

252994003

194047341

 Cash

71675500

102020000

104782669

38721057

TOTAL ASSETS

2122962001

2095338752

1923957831

1672550581

 

 

 

 

 

TOTAL EQUITY

1200395476

1119357310

916506539

748847750

 Share Capital

105982

105982

105982

105982

 Retained Profits

1087672839

1006101969

191915583

635578563

TOTAL LONG TERM LIABS

579393882

640377197

604576553

540571361

 Long Term Loans

562963173

622715207

550718168

484500434

TOTAL CURRENT LIABS

343172643

335604245

402874739

383131470

 Short Term Loans

134583307

134994694

230144771

270377074

 Short Term Trade Creditors

199522935

190978173

163814315

109682403

TOTAL EQUITY & LIABS

2122962001

2095338752

1923957831

1672550581

 

 

Key Credit Ratios

 

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

01.04.2012

01.01.2012

01.01.2011

01.01.2010

Current Ratio

2,71

2,71

2,18

1,68

Working Capital, x1000 RUR

588259793

574711521

474498740

261740313

Quick Ratio

2,44

2,47

2,09

1,61

Debt to Equity Ratio

0,77

0,87

1,1

1,23

Current Assets Turnover

 

1,51

1,21

1,47

Total Assets Turnover Ratio

 

0,65

0,55

0,57

Pre Tax Profit Margin, %

 

20,78

22,35

27,06

Gross Profit, %

 

32,28

37,08

42,21

Return on Investment, %

 

25,48

25,88

34,33

Return on Assets, %

 

13,61

12,33

15,37

 

 

Clients & Suppliers

 

 

Clients

TOTSA TOTOIL TRADING (China)

VITOL SA (Spain)

BAIVARISHE OIL HUPO AG (Germany)

BNP PARIBAS CO (Turkey)

OOO "KLIRING-NAFTA" (Russian Federation)

OAO NK ROSNEFT'- MURMANSKNEFTEPRODUKT (Russian Federation)

OOO "YUKOS EKSPORT TREYD" (Russian Federation)

OOO "LIGA PETROLEUM" (Russian Federation)

ZAO "VANKORNEFT'" (Russian Federation)

OOO TORGOVYY DOM "FINKO-M" (Russian Federation)

ELVARI NEFTEGAZ ZAO (Russian Federation)

OAO NPO "NK "ROSNEFT'"-TERMNEFT'" (Russian Federation)

OOO "GRATIS SERVIS" (Russian Federation)

 

 

Suppliers

GUNVOR INTERNESHNL B.V. (Netherlands)

VITOL S.A. (Spain)

GUNVOR INTERNATIONAL B.V. (Netherlands)

TRAMPET LIMITED (Poland)

SHELL INTERNATIONAL TRADING LIMITED (USA)

UOTERVEY PETROLEUM LTD. (Japan)

R-TREYD 3 LIMITED (Russian Federation)

UOTERVEY PETROLEUM LTD (Russian Federation)

OOO DAERS-FINANS (Russian Federation)

OAO SEVERNAYA NEFT' (Russian Federation)

OAO AK TRANSNEFT' (Russian Federation)

ZAO FK ROSNEFT'-FINANS (Russian Federation)

OAO NK ROSNEFT'-SAKHALINMORNEFTEGAZ (Russian Federation)

OOO DAL'NEFTETRANS (Russian Federation)

ZAO SEVMORNEFTEGAZ (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

13.07.2010

Registration number

A40-139400/09

Plaintiff

OAO "NK "ROSNEFT'"

Defendant

OAO AK TRANSNEFTEPRODUKT

Claim sum

-

Claim category

Economic disputes

 

Date of registration

08.07.2010

Registration number

A55-14818/10

Plaintiff

OAO "NK "ROSNEFT'"

Defendant

OAO "YUGO-ZAPAD TRANSNEFTEPRODUKT"

Claim sum

-

Claim category

Economic disputes

 

Date of registration

08.07.2010

Registration number

A51-10748/10

Plaintiff

OAO "NK "ROSNEFT'"

Defendant

OOO NAKHODKA-PORTBUNKER

Claim sum

-

Claim category

Economic disputes

 

Date of registration

05.07.2010

Registration number

A42-6967/08

Plaintiff

OAO "NK "ROSNEFT'"

Defendant

OOO "NEFTYANOY TERMINAL"BELOKAMENKA"

Claim sum

-

Claim category

Economic disputes

 

Date of registration

01.07.2010

Registration number

A40-77785/10

Plaintiff

OAO "NK "ROSNEFT'"

Defendant

OOO "IMPEKS-PLYUS"

Claim sum

-

Claim category

Economic disputes

 

Date of registration

30.11.2011

Registration number

A21-9342/2011

Plaintiff

OAO "NK "ROSNEFT'"

Defendant

ZAO "ROSNEFT'"

Claim sum

5 000 000 RUR

Claim category

Economic disputes

 

Date of registration

17.05.2012

Registration number

A40-96771/2010

Plaintiff

OAO "NK "ROSNEFT'"

Defendant

ZAO S UCHASTIEM INOSTRANNYKH INVESTOROV VLAKRA

Claim sum

425 350 RUR

Claim category

Economic disputes

 

Date of registration

17.05.2012

Registration number

A40-19699/2012

Plaintiff

OAO "NK "ROSNEFT'"

Defendant

OOO TRANSOYL

Claim sum

1 111 153 RUR

Claim category

Default of obligations under the contract

 

Date of registration

24.05.2012

Registration number

A40-31755/2012

Plaintiff

OAO "RZHD"

Defendant

OAO "NK "ROSNEFT'"

Claim sum

146 800 RUR

Claim category

Default of obligations under the contract

 

Date of registration

31.05.2012

Registration number

A40-76794/2012

Plaintiff

OAO "NK "ROSNEFT'"

Defendant

OOO "DAL'NEFTETRANS"

Claim sum

137 506 RUR

Claim category

Default of obligations under the contract

 

 

Publications

 

 

Date

02.05.2012

Source

www.rosneft.com

Text of Publication

Rosneft Net Profit Up 55.6% in Q1 2012
On 2 May 2012 Rosneft publishes its consolidated IFRS financial statements for Q1 2012.

Financial and Operating Highlights:

Net profit grew 55.6% on Q4 2011;
EBITDA increased 11.5% on Q4 2011;
Hydrocarbon output up 2.7% on Q1 2011;
Refinery throughput increased 25% compared to Q1 2011.

Q1 2012 sales revenue was RUB 748 billion, matching the level in Q4 2011. This represents a 27% increase on Q1 2011. Revenue was up thanks to higher oil and petroleum product prices and increased oil production and refining volumes.

Rosneft’s EBITDA in Q1 2012 amounted to RUB 165 billion. This represents an 11.5% increase on Q4 2011 and a 14.9% drop on Q1 2011. Prudent cost management had a positive impact on EBITDA. Crude production costs fell 6.3% on Q4 2011 to RUB 88.3 per barrel. General and administrative expenses per barrel fell 2.6%.

The increase in the base mineral extraction tax (MET) rate negatively impacted EBITDA, as did increased transport tariffs and electricity prices. EBITDA was also affected by higher excise duties, which were not compensated by a corresponding rise in petroleum product prices on the domestic market. A key factor behind the decrease in EBITDA compared to Q1 2011 was the expiration of reduced MET rates and export duties for oil produced at the Vankor field.

Q1 2012 net profit was RUB 112 billion, which represents a 55.6% increase on Q4 2011 and an 8.9% drop on Q1 2011. Other expenses decreased from Q4 2011, while exchange rate gains rose compared to Q1 2011, which was reflected in a better net profit dynamic compared to that of EBITDA.

As a measure to manage cash flow, Rosneft temporarily stopped collecting advance payments from oil purchasers in Q1 2012, which led to an increase in working capital. Additional factors contributing to a further increase in Rosneft’s working capital were the expansion of the Company’s own oil stocks at refineries in Germany and the creation of petroleum product reserves in Russia in anticipation of a seasonal increase in demand. Cash flow from operations before the changes in working capital was RUB 141 billion, a 9% increase on Q4 2011. Rosneft’s free cash flow before the changes in working capital was RUB 23 billion.

Hydrocarbon production (including production by subsidiaries and share in production by affiliated companies) increased 2.7% in Q1 2012 compared to the same period last year to 2,634 th. boepd. Oil production increased 2.3%, while gas output grew 9.4%.

The Company refined 15.54 million tonnes of crude at refineries in Russia and those of Ruhr Oel GmbH in Germany which represents a 2.3% drop on Q4 2011 and a 25.0% increase compared to Q1 2011. Refinery throughput increased on Q1 2011 thanks to the acquisition of a 50% share of Ruhr Oel GmbH in May 2011. The negligible decrease in refinery throughput in Russia compared to Q4 2011 was due to planned maintenance works at the Komsomolsk and Novokuibyshevsk refineries.

 

 

Original Financial Data (Russian Accounting Report in English)

 

 

Balance Sheet

 

The following figures are shown in units of 1000

 

 
ASSETS

Line code

as at
01.01.2011

as at
01.01.2012

as at
01.04.2012

 

 

 

 

 

I. NON-CURRENT ASSETS

 

 

 

 

Intangible assets

110

3132521

412968

674987

Fixed assets

120

329703446

578085341

603751084

Construction in progress

130

138901641

-

-

Income-bearing investments in tangible assets

135

-

-

-

Long-term financial investments

140

532133039

-

526365633

Deferred tax assets

145

2062695

4676121

5612292

Other non-current assets

150

40651010

5356353

5381718

Total section I

190

1046584352

1185022986

1191529565

II. CURRENT ASSETS

 

 

 

 

Inventories

210

34887958

79732744

93039329

including :

 

 

 

 

 raw materials and other inventories

211

5080921

7347438

8340523

 livestock

212

-

-

-

 work in progress

213

2704409

3913517

4132404

 finished goods and goods for resale

214

20940894

63951387

79542114

 goods dispatched

215

4405787

3444870

-

 expenses related to future periods

216

1755947

1075532

1024288

 other supplies and expenditures

217

-

-

-

Value added tax on purchased goods

220

16127126

17660321

20378887

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

230

22493262

335842716

365196933

including :

 

 

 

 

 buyers and customers

231

-

-

-

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

240

252994003

-

-

including :

 

 

 

 

 buyers and customers

241

104917796

-

-

Short-term investments

250

443751842

374955348

380921209

Monetary assets

260

104782669

102020000

71675500

Other current assets

270

2336619

-

-

Total section II

290

877373479

910315766

931432436

TOTAL SECTIONS I and II

300

1923957831

2095338752

2122962001


 


 


 


 


 

EQUITY AND LIABILITIES

 

 

 

 

 

 

 

 

 

III. EQUITY AND RESERVES

 

 

 

 

Share capital

410

105982

105982

105982

Treasury shares

411

-

-

-

Additional capital

420

113275168

113277035

113275082

Legal reserve

430

5299

5299

5299

including :

 

 

 

 

 reserves and provisions formed in
 accordance with legislation

431

-

-

-

 reserves formed in accordance
 with foundation documents

432

5299

-

-

Retained earnings (loss)

470

191915583

1006101969

1087672839

Total section III

490

916506539

1119357310

1200395476

IV. NON-CURRENT LIABILITIES

 

 

 

 

Borrowings

510

550718168

622715207

562963173

Deferred tax liabilities

515

14211231

16084835

16430709

Other non-current liabilities

520

39647154

1577155

-

Total section IV

590

604576553

640377197

579393882

V. CURRENT LIABILITIES

 

 

 

 

Borrowings

610

230144771

134994694

134583307

Accounts payable

620

163814315

190978173

199522935

including :

 

 

 

 

 suppliers and contractors

621

66657894

76773288

92530507

 salaries payable

622

-

1944

667223

 payable to state non-budget funds

623

-

84

162357

 taxes payable

624

2989

32862343

40229711

 other creditors

625

97153432

81340514

65933137

Dividends payable to participants (shareholders)

630

47126

-

-

Income of future periods

640

47126

43342

46814

Reserves for future expenses
and payments

650

2948713

-

-

Other current liabilities

660

-

100578

100221

Total section V

690

402874739

335604245

343172643

TOTAL SECTIONS III,IV,V

700

1923957831

2095338752

2122962001

 

 

PROFIT AND LOSS ACCOUNT

 

The following figures are shown in units of 1000

 

 
PARAMETER

Line code

 
01.04.2012

 
01.01.2012

 
01.01.2011

 

 

 

 

 

INCOME FROM AND EXPENSES ON ORDINARY ACTIVITIES

 

 

 

 

Sale of goods, products, work, services (less VAT, excise tax, other similar mandatory payments)

010

448237586

1372129955

1061306372

Cost of goods, products, work, services sold

020

306573560

929231000

667758779

Gross profit

029

141664026

442898955

393547593

Selling expenses

030

40835730

125801575

126387002

Administrative expenses

040

6683941

22820359

14799811

Profit (loss) from operations

050

90370246

280466460

252360780

OTHER INCOME AND EXPENSES

 

 

 

 

Interest income

060

5751834

24139965

22342260

Interest expenses

070

5293927

18598557

17203321

Income from investments in other companies

080

-

4804888

2230835

Other operating income

090

78289833

249340065

170692754

Other operating expenses

100

64921556

254993474

193262248

Non-operating income

120

-

-

-

Non-operating expenses

130

-

-

-

Profit (loss) before profit tax

140

104196430

285159347

237161060

Deferred tax assets

141

-

-

-

Deferred tax liabilities

142

-

-

-

Current profit tax

150

23878418

49754241

31504

Net profit (loss) for the reporting period

190

80318012

235405106

237129556

 

Additional information about shareholders (legal persons)

 

 

Below is presented the extended information about the shareholders (legal persons) of subject company.

 

 

Name

OAO "ROSNEFTEGAZ"

Legal address

Sofiyskaya nab., 26/1, Moscow, 115035, Russian Federation

Taxpayer code (INN)

7705630445

Registration Number

1047796902966

Share

75,16 %

 

 

 

 

 

Profit and Loss (extract)

 

The following figures are shown in units of 1000

 

 

 

Period, months

12

12

12

12

Ended

01.01.2011

01.01.2010

01.01.2009

01.01.2008

Currency

RUR

RUR

RUR

RUR

SALES

27454585

16325038

19508356

17052486

Cost of Goods sold

2880186

 

 

 

GROSS PROFIT

24574399

16325038

19508356

17052486

Distribution Costs

 

 

 

 

Management Costs

66641

43610

8030

5428

OPERATING PROFIT

24507758

16281428

19500326

17047058

Non Trading Income

1271308

140160

-18884532

425696

PRE TAX PROFIT

25779066

16421588

615794

17472754

Taxation

247562

20792

236197

101041

PROFIT AFTER TAX

25366108

16395807

379594

16365839

 

Balance Sheet (extract)

 

The following figures are shown in units of 1000

 

As at

01.01.2011

01.01.2010

01.01.2009

01.01.2008

Currency

RUR

RUR

RUR

RUR

TOTAL FIXED ASSETS

2147483647

2536236580

1154258348

2147483647

 Intangible Assets

 

 

 

 

 Fixed Assets

50

31

67

 

TOTAL CURRENT ASSETS

48803030

23414427

1158440

16349317

 Stock

314

171

 

7

 Trade debtors

639646

26816

338

34443

 Cash

1541

5725

3637

397

TOTAL ASSETS

2147483647

2559651007

1155416788

2147483647

 

 

 

 

 

TOTAL EQUITY

2147483647

2489734972

1155413909

2147483647

 Share Capital

253460714

183550500

183550500

183550500

 Retained Profits

147683270

123136952

106760125

112164612

TOTAL LONG TERM LIABS

651

11

3

 

 Long Term Loans

 

 

 

 

TOTAL CURRENT LIABS

28323

69916024

2876

9789323

 Short Term Loans

 

 

 

 

 Short Term Trade Creditors

28034

5788

2876

9789323

TOTAL EQUITY & LIABS

2147483647

2559651007

1155416788

2147483647

 

Additional information about participation companies

 

 

Below is presented the extended information about the participation companies of subject company.

 

 

 

Name

ZAO "VANKORNEFT'"

Legal address

A.E. Shadrina str., 20, Turukhansk village, Krasnoyarsk Region, 663230, Russian Federation

Registration Number

1042400920077

Taxpayer code (INN)

2437261631

Share

93,96 %

 

 

 

 

Profit and Loss (extract)

 

The following figures are shown in units of 1000

 

 

 

Period, months

12

12

12

12

Ended

01.01.2011

01.01.2010

01.01.2009

01.01.2008

Currency

RUR

RUR

RUR

RUR

SALES

207200346

38597917

3924054

660400

Cost of Goods sold

28354411

18488337

3773944

593692

GROSS PROFIT

178845935

20109580

150110

66708

Distribution Costs

20245571

 

 

 

Management Costs

1676394

1459409

108438

37914

OPERATING PROFIT

156923970

18650171

41672

28794

Non Trading Income

-966363

-797173

-633793

-120846

PRE TAX PROFIT

155957607

17852998

-592121

-92052

Taxation

25197763

845265

61

 

PROFIT AFTER TAX

129798084

14302328

-586841

-86547

 

 

Balance Sheet (extract)

 

The following figures are shown in units of 1000

 

As at

01.01.2011

01.01.2010

01.01.2009

01.01.2008

Currency

RUR

RUR

RUR

RUR

TOTAL FIXED ASSETS

222073393

173972569

96530078

42105595

 Intangible Assets

2929

8793

3366

3852

 Fixed Assets

122920332

90504264

4888503

2589417

TOTAL CURRENT ASSETS

76048401

49071097

41836429

25961517

 Stock

21546242

17937122

19687817

17861629

 Trade debtors

45435163

27113068

15654761

7893432

 Cash

3073162

533

2391

2055

TOTAL ASSETS

298121794

223043666

138366507

68067112

 

 

 

 

 

TOTAL EQUITY

144052136

14254052

-48276

544334

 Share Capital

11896

11896

11896

11896

 Retained Profits

143299645

13502156

-800172

-207562

TOTAL LONG TERM LIABS

118065219

182366514

130799496

61139294

 Long Term Loans

114279799

179655071

130681898

61060014

TOTAL CURRENT LIABS

36004439

26423100

7615287

6383484

 Short Term Loans

 

3599830

 

432000

 Short Term Trade Creditors

35805936

22670821

7518975

5923289

TOTAL EQUITY & LIABS

298121794

223043666

138366507

68067112

 

Name

OOO "RN-RAZVITIE"

Legal address

Sofiyskaya nab., 26/1, Moscow, 115035, Russian Federation

Registration Number

1077746098396

Taxpayer code (INN)

7706645719

Share

9,53 %

 

 

 

 

Profit and Loss (extract)

 

The following figures are shown in units of 1000

 

 

 

Period, months

12

12

12

12

Ended

01.01.2011

01.01.2010

01.01.2009

01.01.2008

Currency

RUR

RUR

RUR

RUR

SALES

2300000

 

 

 

Cost of Goods sold

 

 

 

 

GROSS PROFIT

2300000

 

 

 

Distribution Costs

 

 

 

 

Management Costs

3521

2797

2173

409

OPERATING PROFIT

2296479

-2797

-2173

-409

Non Trading Income

-4996830

-5606913

-11727958

3554602

PRE TAX PROFIT

-2700352

-5609710

-11730131

3554193

Taxation

-1118288

1119595

 

 

PROFIT AFTER TAX

-619253

-3430605

-10842704

2855392

 

 

 

Balance Sheet (extract)

 

The following figures are shown in units of 1000

 

As at

01.01.2011

01.01.2010

01.01.2009

01.01.2008

Currency

RUR

RUR

RUR

RUR

TOTAL FIXED ASSETS

229084646

262855977

111488799

231570008

 Intangible Assets

 

 

 

 

 Fixed Assets

 

 

 

 

TOTAL CURRENT ASSETS

39034117

37347016

63671181

37513002

 Stock

 

 

 

 

 Trade debtors

1623615

1329287

3003710

321336

 Cash

1108

1673

1723

661

TOTAL ASSETS

268118763

300202993

175159980

269083010

 

 

 

 

 

TOTAL EQUITY

12445121

46202914

-91636481

40185984

 Share Capital

10

10

10

10

 Retained Profits

-12170921

-11567702

-91636491

2855368

TOTAL LONG TERM LIABS

 

 

 

 

 Long Term Loans

 

 

 

 

TOTAL CURRENT LIABS

255673642

254000079

266796461

228897026

 Short Term Loans

255673467

253999726

266795847

228896951

 Short Term Trade Creditors

1

320

595

43

TOTAL EQUITY & LIABS

268118763

300202993

175159980

269083010

 

 

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.55.15

UK Pound

1

Rs.86.00

Euro

1

Rs.68.31

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.