MIRA INFORM REPORT

 

 

Report Date :

25.06.2012

 

IDENTIFICATION DETAILS

 

Name :

AKTIV SHUZ ICHUPP

 

 

Registered Office :

Oktyabrskaya Street 19, Apartment 10, Leninskiy District, Minsk 220030

 

 

Country :

Belarus

 

 

Date of Incorporation :

30.09.2002

 

 

Legal Form :

Foreign Enterprise

 

 

Line of Business :

Manufacturers of military, tourist, hunter special footwear

 

 

No. of Employees :

186

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No Complaints

Litigation :

Clear

 

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Belarus

B2

B2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

COmpany NAME

 

Aktiv Shuz ICHUPP (Correct)

Active Shoes (Requested)

 

 

company ADDRESS

 

Street               : Oktyabrskaya Street 19, Apartment 10

Area                 : Leninskiy District

Town                 : Minsk 220030

Country             : Belarus

Telephone         : (375 17) 328 5446 / 327 4406 / Mobile (375 29) 671 4775

Fax                   : (375 17) 327 4406

E-Mail               : info@garsing.by  / marketing@garsing.ru  / marina0064@yandex.ru  / lenashatu@gmail.com

Website            : www.garsing.by

 

Trading Style :               Garsing

 

English Translation :       Active Shoes Foreign Enterprise

 

Also known as :             Aktiv Shuz IP

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                                Position

 

1. Dmitriy Vladislavovich Leytan              General Director 

 

2. Marina Mikhailovna Perezhogina          Deputy General Director / Finance 

 

3. Elena Ivanovna Shatunova                   Chief Accountant         

 

Total Employees : 186

 

 

PAYMENTS

 

No complaints have been heard regarding payments from local suppliers or banks.

 

We consider it is acceptable to deal with subject for SMALL amounts,

although it is normal accepted practice for international suppliers to deal on secured terms with Belarusian importers.

 

Trade risk assessment: Normal

 

 

PRINCIPAL BANKERS

 

NAME               : BELSWISSBANK CJSC

Branch              : Pobediteley Avenue 23/3

Town                 : Minsk 220004

Telephone         : (375 17) 306 2040

Fax                   : (375 17) 306 2040    

 

The company also has an account with :

 

Bank Moskva-Minsk OAO

Kommunisticheskaya Street 49, Premise 1

Minsk 220002

Telephone         : (375 17) 237 9797 / 237 9732

Fax                   : (375 17) 239 1709

 

 

FINANCIAL INFORMATION

 

Private companies in Belarus are not required to publish or disclose balance sheets. However, the subject interviewed offered the following information :

 

Sales Turnover            : B ROUBLE 11,000,000,000 - 2010 - exact

                        : B ROUBLE 22,078,000,000 - 2011 - exact

                        : B ROUBLE 13,185,000,000 - 2012 - exact * 

                        : B ROUBLE 35,000,000,000 - 2012 - projected   

 

Net Profit                       : B ROUBLE  1,712,000,000 - 2011 - exact

 

* 3 months results (January – March).

 

Financial year ends 31 December.

 

 

LEGAL STATUS AND HISTORY

 

Date Started :                30 September 2002

 

Tax No. :                       UNP 800016267

 

Statistic Code :              OKPO 37579897

 

Authorised Capital :        B ROUBLE 219,397,860

           

Paid-Up Capital :            B ROUBLE 219,397,860                                                

 

Innastrannoye Predpryatie (Foreign Enterprise) with the following sole shareholder :

 

Euroinvest LTD                                     100%

Skolas iela 14—21

Riga LV-1010

Latvia

Telephone : (371) 6728 4040

Fax       : (371) 6728 4040

 

Affiliated companies of Aktiv Shuz ICHUPP :

 

Associate

 

Kompaniya Garsing OOO

Bulvar Sireneviy 1, Block 5

Moscow 105122

Russia

Telephone : (7 495) 500 5600  

Fax       : (7 495) 500 5600   

Managing Director : Igor Vladimirovich Akimov

Est.: 28 February 2005

C.R. No.: 1057746326660

Tax No.: INN 7719546105  

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Manufacturers of military, tourist, hunter special footwear under the brand name “Garsing”.

 

NACE Code : 1520

 

Imports from Italy, Poland and Russia.

 

Exports to Russia, Latvia, France, Kazakhstan and Ukraine.

 

 

FACILITIES

 

The Company has the following facilities :

 

Rented premises comprising administrative offices, a manufacturing unit and storage facilities located at the heading address as well as 2 branch offices located in Baranovich and Chervin.

 

REGISTERED OFFICE

 

Oktyabrskaya Street 19, Apartment 10

Leninskiy District

Minsk 220030

 

 

SPECIAL NOTE

 

You enquired on: Active Shoes. Please note that the correct name is as per heading..

 

Interviewed : Marina Mikhailovna Perezhogina (Deputy General Director / Finance).

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.99

UK Pound

1

Rs.88.97

Euro

1

Rs.71.57

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.