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Report Date : |
20.12.2012 |
IDENTIFICATION DETAILS
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Name : |
OBSCHESTVO S OGRANICHENNOY OTVETSTVENNOSTYU "ALMAZ" |
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Registered Office : |
Gvardeyskiy prosp., 15, Kaliningrad, Kaliningrad Region, 236000, Russian
Federation |
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Country : |
Russia |
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Date of Incorporation : |
10.03.2009 |
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Reg. No.: |
1093925007285 |
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Legal Form : |
OOO (Limited Liability Company by Russian Law) |
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Line of Business : |
Retail trade in jewelry |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Russia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
russia - ECONOMIC OVERVIEW
Russia has undergone significant changes since the collapse of the Soviet
Union, moving from a globally-isolated, centrally-planned economy to a more
market-based and globally-integrated economy. Economic reforms in the 1990s
privatized most industry, with notable exceptions in the energy and
defense-related sectors. The protection of property rights is still weak and
the private sector remains subject to heavy state interference. Russian
industry is primarily split between globally-competitive commodity producers.
In 2011, Russia became the world's leading oil producer, surpassing Saudi
Arabia; Russia is the second-largest producer of natural gas; Russia holds the
world's largest natural gas reserves, the second-largest coal reserves, and the
eighth-largest crude oil reserves. Russia is the third-largest exporter of both
steel and primary aluminum. Other less competitive heavy industries remain
dependent on the Russian domestic market. Russia's reliance on commodity
exports makes it vulnerable to boom and bust cycles that follow the highly
volatile swings in global commodity prices. The government since 2007 has
embarked on an ambitious program to reduce this dependency and build up the
country's high technology sectors, but with few results so far. The economy had
averaged 7% growth in the decade following the 1998 Russian financial crisis,
resulting in a doubling of real disposable incomes and the emergence of a
middle class. The Russian economy, however, was one of the hardest hit by the
2008-09 global economic crisis as oil prices plummeted and the foreign credits
that Russian banks and firms relied on dried up. According to the World Bank
the government's anti-crisis package in 2008-09 amounted to roughly 6.7% of
GDP. The Central Bank of Russia spent one-third of its $600 billion
international reserves, the world's third largest, in late 2008 to slow the
devaluation of the ruble. The government also devoted $200 billion in a rescue
plan to increase liquidity in the banking sector and aid Russian firms unable
to roll over large foreign debts coming due. The economic decline bottomed out
in mid-2009 and the economy began to grow in the third quarter of 2009.
However, a severe drought and fires in central Russia reduced agricultural
output, prompting a ban on grain exports for part of the year, and slowed
growth in other sectors such as manufacturing and retail trade. High oil prices
buoyed Russian growth in 2011 and helped Russia reduce the budget deficit
inherited from the lean years of 2008-09. Russia has reduced unemployment since
2009 and has made progress on reducing inflation since 2010. Russia's long-term
challenges include a shrinking workforce, a high level of corruption,
difficulty in accessing capital for smaller, non-energy companies, and poor
infrastructure in need of large investments.
|
Source : CIA |
|
Information |
The address and the
taxpayer code (INN): 3906206084 mentioned in your inquiry belong to the
company Obschestvo s ogranichennoy otvetstvennostyu "ALMAZ" (name
in English: "DIAMOND" LIMITED LIABILITY COMPANY). We provide the
report on this company. |
|
Original Name |
OBSCHESTVO S OGRANICHENNOY OTVETSTVENNOSTYU "ALMAZ" |
|
Legal Form |
OOO (Limited Liability Company by Russian Law) |
|
Year of Foundation |
2009 |
|
Sales |
not available |
|
Employees |
not available |
|
Original Name |
OBSCHESTVO S OGRANICHENNOY OTVETSTVENNOSTYU "ALMAZ" |
|
Short Name |
OOO "ALMAZ" |
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Name in English |
"DIAMOND" LIMITED LIABILITY COMPANY |
|
Address |
not available (see comments) |
|
Legal Address |
Gvardeyskiy prosp., 15, Kaliningrad, Kaliningrad Region, 236000,
Russian Federation |
|
Phone |
not available |
|
Fax |
not available |
|
E-mail |
none |
|
WEB Address |
none |
|
Legal Form |
OOO (Limited Liability Company by Russian Law) |
|
Date of Registration |
10.03.2009 |
|
Registration Number |
1093925007285 |
|
Statistic Code (OKPO) |
60578886 |
|
Taxpayer Code (INN) |
3906206084 |
|
Registration Authority |
Federal Tax Service of Russian Federation |
|
Information |
The company Obschestvo s ogranichennoy otvetstvennostyu
"ALMAZ" was not included in the published list of bankrupt
companies. |
|
Current Share Capital |
12 500 RUR |
|
Total |
1 private person |
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Shareholder |
Mr Kharchenko Anton Sergeevich |
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Nationality |
Russian Federation |
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Share |
100 % |
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Director |
Mr Kharchenko Anton Sergeevich |
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Signature Right |
|
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Nationality |
Russian Federation |
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Date of Registration |
10.03.2009 |
|
|
(Entering into the Single State Register of Legal Entities) |
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Registration Number |
1093925007285 |
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Registration Authority |
Federal Tax Service of Russian Federation |
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Date of Re-registration |
15.12.2009 |
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File Number |
6093925059959 |
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Registration Authority |
Federal Tax Service of Russian Federation |
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Changes |
Company's Rules |
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|
|
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Date of Re-registration |
22.03.2010 |
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File Number |
2103925174307 |
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Registration Authority |
Federal Tax Service of Russian Federation |
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Changes |
Company's Rules |
|
Activities |
Data on current activity of the company
are not available. |
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Staff Employed |
not available |
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Own |
not available |
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Rent |
not available |
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Export Countries |
2009-2011, for 3 months 2012: No Export Activity |
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Exported Goods |
none |
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Export Value |
none |
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Import Countries |
2009-2011, for 3 months 2012: No Import Activity |
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Imported Goods |
none |
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Import Value |
none |
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Branch |
None |
|
Information |
None |
|
Information |
Mr Kharchenko Anton Sergeevich is also a
shareholder and a director of company |
Actions at law
According to Arbitration court of Moscow judicial claims of the company are not
registered.
We couldn't ascertain the actual address of company's location for the
following reasons.
The address mentioned in your inquiry is the legal address of the company. The
company is registered at this address but de facto the company hasn't got an
office at the above-mentioned address.
In all accessible reference-books and data bases there's not any information
about company's location too.
In the Telephone Inquiry Service of Kaliningrad there aren't any data on
company.
During the registration in 2009 the company has indicated the contact telephone
number +7 (921) 510546. This telephone number doesn't exist in Russia.
We were trying to find the company OOO "ALMAZ" using the contact
information of the related company.
In Internet we have found the telephone number of company OOO
"IZUMRUD": +7 (906) 2382529. By this telephone number the woman has
responded. She informed us that this telephone number did not belong to the
company OOO "IZUMRUD" and that she didn't possess any information on
the company OOO "ALMAZ". Also she refused to inform her name and
surname.
We've sent a telegram for company with request to contact our company, but no
answer has followed during six days.
The search of information about the company in Internet either wasn't
successful.
We couldn’t get the financial data on the company of 2009-2011 years, because
there weren’t company’s financial data of 2009-2011 years in the Federal
Statistics Service of Russian Federation.
|
RUR - Russian Rouble |
01.01.2012: 1 EUR = 41.67 RUR, 1 USD = 32.19
RUR |
|
EUR - EURO |
01.01.2011: 1 EUR = 40.49 RUR, 1 USD = 30.35
RUR |
|
USD - US Dollar |
01.01.2010: 1 EUR = 43.46 RUR, 1 USD = 30.19
RUR |
DIAMOND INDUSTRY –
INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of diamonds
but history says that in the remote past, diamonds were mined only in India.
Diamond production in India can be traced back to almost 8th Century
B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
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The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
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The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
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Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
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Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
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The diamond jewellery industry in India today may be
more than Rs 60000 mil and is rated amongst the fastest growing in the
world. Indi ranks third in the world in domestic diamond consumption.
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Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
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Excerpts from Times of India dated 30th
October 2010 is as under –
DIAMOND SAGA – DIRTY DOZEN STUCK WITH 2K CR DEBT
This could be the biggest credibility crisis
the Indian diamond industry has ever faced. Fifteen banks run the risk of
losing Rs 2000 crore lent to a dozen diamond firms in Surat. Until about two
months ago, they had not repaid these dues. Bankers believe many
diamantaires borrowed money during the economic downturn two years ago and
diverted funds to businesses like real estate and capital markets. Many of
themselves made money from these businesses but their diamond companies have
gone sick and declared insolvency.
-
Most of the money borrowed from the banks in the name
of their diamond business has been diverted in real estate and the share
market. The banks are not in a position to seize their properties because in
many cases, these were purchased in the name of their relatives and friends.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.73 |
|
|
1 |
Rs.89.02 |
|
Euro |
1 |
Rs.72.48 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.