MIRA INFORM REPORT

 

 

Report Date :

06.09.2012

 

IDENTIFICATION DETAILS

 

Name :

FASHION CONTINENT PUBLIC JOINT STOCK COMPANY

 

 

Registered Office :

Letnikovskaya str., 10, bldg. 5, Moscow, 115114

 

 

 

 

Country :

Russian Federation

 

 

 

 

Financials (as on) :

01.01.2012

 

 

 

 

Date of Incorporation :

20.02.2008

 

 

 

 

Com. Reg. No.:

1087746249832

 

 

 

 

Legal Form :

OAO (Public Joint Stock Company by Russian Law)

 

 

 

 

Line of Business :

Wholesale and retail trade in clothes

 

 

 

 

No. of Employees :

400 Approximately

 

 

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 :

Exist

 

 

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)

Russia

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

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

 

Comments

 

 

Information

The address mentioned in your inquiry belongs to the company Otkrytoe aktsyonernoe obschestvo "MODNIY KONTINENT" (name in English: "FASHION CONTINENT" PUBLIC JOINT STOCK COMPANY). We provide the report on this company.

 

 

 

Summary

 

 

Original Name

Otkrytoe aktsyonernoe obschestvo "MODNIY KONTINENT"

Legal Form

OAO (Public Joint Stock Company by Russian Law)

Year of Foundation

2008

Sales

6 243 608 th RUR for 12 months, ended 01.01.2012

Employees

400 (approx.) on September, 05, 2012 (company's data)

 

 

 

 

 

Company Identification Details

 

 

Original Name

Otkrytoe aktsyonernoe obschestvo "MODNIY KONTINENT"

Short Name

OAO "MODNIY KONTINENT"

Name in English

"FASHION CONTINENT" PUBLIC JOINT STOCK COMPANY

Address

Letnikovskaya str., 10, bldg. 5, Moscow, 115114, Russian Federation

Legal Address

Bol'shaya Spasskaya str., 27, Moscow, 129010, Russian Federation

Phone

+7 (495) 6578080, 6578081, 6578086, 6578085

Fax

+7 (495) 6578084

E-mail

info@incity.ru
contact@incity.ru

WEB Address

www.incity.ru

 

 

History

The company was formed through reorganization of company Obschestvo s ogranichennoy otvetstvennostyu "MODNIY KONTINENT" (registration number: 1037708046606, taxpayer number (INN): 7708233598, date of registration: 07.08.2003) with change of legal status. The company is the legal successor of the company OOO "MODNIY KONTINENT".

 

 

 

Official Company Data

 

 

Legal Form

OAO (Public Joint Stock Company by Russian Law)

Date of Registration

20.02.2008

Registration Number

1087746249832

Statistic Code (OKPO)

70054227

Taxpayer Code (INN)

7708663960

Registration Authority

Federal Tax Service of Russian Federation Interregional Inspection N 46 within Moscow

 

 

 

Public Record Information

 

 

Information

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

 

 

 

Share Capital

 

 

Current Share Capital

132 131 100 RUR

 

 

 

Shareholders

 

 

Total

legal and private persons incl.

 

 

Shareholder

UNITED CAPITAL PARTNERS SELECTED ASSETS LIMITED

Address

Cyprus

Share

26,7109 %

 

 

Shareholder

Mr Popov Aleksandr Viktorovich

Nationality

Russian Federation

Address

Stroginskiy bul'var, 26, bldg. 2, ap. 454, Moscow, Russian Federation

Date of Birth

13.01.1973

Taxpayer Code (INN)

773400740538

Share

12,4071 %

 

 

Shareholder

Mr Kulibaba Vladislav Anatol'evich

Nationality

Russian Federation

Address

Spiridonovka str., 27/24, ap. 9, Moscow, 123001, Russian Federation

Date of Birth

13.03.1967

Taxpayer Code (INN)

770303108328

Share

6,7818 %

 

 

Shareholder

Ms Gruzdeva Nelli Ivanovna

Nationality

Russian Federation

Address

Skakovaya str., 5, ap. 40, Moscow, 125040, Russian Federation

Date of Birth

06.04.1939

Taxpayer Code (INN)

774309697571

Share

50,1369 %

 

 

Shareholder

Ms Gruzdeva Mariya Vladimirovna

Nationality

Russian Federation

Taxpayer Code (INN)

774318818800

Share

0,0984 %

 

 

Shareholder

Mr Did'e Zhak Mishel' Rabattu

Nationality

France

Share

0,1072 %

 

 

Comments

The information on the shareholders of the company is presented on 27.08.2012.

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

 

 

 

Directors

 

 

Director

Mr Kutsenko Sergey Vasil'evich

 

Signature Right

Nationality

Russian Federation

Taxpayer Code (INN)

781123443445

 

 

Executives

Data on 01.07.2012:

Board of Directors

Chief of Board of Directors - Mr Gruzdev Sergey Timofeevich

Members of Board of Directors

Ms Gruzdeva Mariya Vladimirovna
Mr Kulibaba Vladislav Anatol'evich
Mr Popov Aleksandr Viktorovich
Ms Lazareva Viktoriya Igorevna
Mr Koval' Aleksandr Pavlovich
Mr Did'e Zhak Mishel' Rabattu

 

 

 

Re-Registration Data

 

 

Date of Registration

20.02.2008

 

(Entering into the Single State Register of Legal Entities)

Registration Number

1087746249832

Registration Authority

Federal Tax Service of Russian Federation
Interregional Inspection N 46 within Moscow

 

 

Date of Re-registration

11.07.2008

File Number

2087757477135

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

30.03.2010

File Number

9107746028337

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

11.01.2011

File Number

2117746031027

Registration Authority

Federal Tax Service of Russian Federation

Changes

Share Capital

 

 

Date of Re-registration

28.10.2011

File Number

7117747670616

Registration Authority

Federal Tax Service of Russian Federation

Changes

Share Capital

 

 

 

Operations

 

 

Activities

Wholesale and retail trade in clothes.

The company trades in goods under brands Ann Demeulemeester, Costume National, Philip Treacy, Barbato, Roberto Cavali, Dirk Bikkembergs, Caractere, Helmut Lang, Paul Smith, JP Gaultier, Victor & Rolf, Richmond, Canali.

The company operates under trading names F.C.TRADING and INCITY.

 

 

Staff Employed

400 (approx.) on September, 05, 2012 (company's data)

Employees' History

350 (approx.) on January, 10, 2012 (company's data)
300 (approx.) on August, 04, 2011 (company's data)
200 (approx.) on April, 04, 2011 (company's data)
100 (approx.) on March, 17, 2010 (company's data)
70 (approx.) on September, 29, 2009 (company's data)
70 (approx.) on August, 31, 2009 (company's data)
70 (approx.) on April, 30, 2009 (company's data)
100 (approx.) on December, 17, 2008 (company's data)
100 (approx.) on October, 23, 2008 (company's data)
100 (approx.) on March, 18, 2008 (company's data)
100 (approx.) on January, 15, 2008 (company's data)
50 (approx.) on November, 21, 2006 (company's data)
43 on January, 01, 2005 (official data)

 

 

 

Real Estate

 

 

Own

Office
Address: Letnikovskaya str., 10, bldg. 5, Moscow, 115114, Russian Federation
(company's data)

 

 

Rent

Warehouse
Address: Bykovo Village, Ramenskiy District, Moscow Region, 107113, Russian Federation
(company's data)

 

 

 

Export & Import

 

 

Export Countries

2011: Ukraine
2010: Ukraine, Kazakhstan
2009: Kazakhstan, Armenia, Ukraine
2008: Ukraine, Armenia, Kazakhstan
2007: Ukraine, Kazakhstan

Exported Goods

costume jewellery, clothes, bags, accessories, furniture, dummies, underwear

Export Value

in 2011: 379 291 USD
in 2010: 328 788 USD
in 2009: 797 190 USD
in 2008: 1 337 297 USD
in 2007: 710 980 USD
in 2004-2006: none

 

 

Import Countries

2011: China, Finland, Myanmar, Bangladesh, India, Hong Kong
2010: Finland, China, Latvia, Vietnam, Great Britain
2009: Finland, China, Hong Kong, United Arab Emirates, India, Lithuania, Great Britain, Luxembourg
2008: China, United Arab Emirates, Finland, Turkey
2007: Finland, USA, Bulgaria, Turkey, Poland

Imported Goods

clothes, bags, accessories, furniture, dummies, underwear

Import Value

in 2011: 66 834 489 USD
in 2010: 16 811 768 USD
in 2009: 28 854 249 USD
in 2008: 21 812 136 USD
in 2007: 13 761 253 USD
in 2004-2006: none

 

 

 

Branches

 

 

Branch

According to the company's administration the company has got branches and shops in following cities of Russian Federations: Abakan, Angarsk, Armavir, Astrakhan, Balakovo, Barnaul, Belgorod, Berdsk, Blagoveshchensk, Bryansk, Velikikj Novgorod, Vladivostok, Vladimir, Vladikavkaz, Volgograd, Volgodonsk, Vologda, Voronezh, Gatchina, Dzerzhinsk, Ekaterinburg, Ivanovo, Izhevsk, Irkutsk, Kazan, Kaliningrad, Kaluga, Kemerovo, Kirov, Komsomolsk-on-cupid, Kostroma, Krasnodar, Krasnoyarsk, Kursk, Lipetsk, Magnitogorsk, Makhachkala, Murmansk, Nizhnevartovsk, Nizhnekamsk, Nizhni Novgorod, Nizhni Tagil, Novokuznetsk, Novosibirsk, Norilsk, Omsk, Orenburg, Orsk, Penza, Perm, Petropavlovsk-Kamchatskij, Prokopevsk, Pskov, Pyatigorsk, Rostov-on-Don, Ryazan, Salekhard, Samara, Saransk, Saratov, Smolensk, Sochi, Stavropol, Syktyvkar, Surgut, Tambov, Tolyatti, Tomsk, Tula, Tyumen, Ulan-Ude, Ulyanovsk, Ufa, Khabarovsk, Cheboksary, Chelyabinsk, Cherepovets, Chita, Engels, Yakutsk, Yaroslavl.

 

 

 

Participation

 

 

Information

The company is a shareholder of companies:

OOO "MK-ESTEYT"
Address: Bol'shaya Spasskaya str., 27, Moscow, 129010, Russian Federation
Registration Number: 1077761836393
Taxpayer Code (INN): 7708652373
Share: 100 %

OOO "MK-RENT"
Address: Letnikovskaya str., 10, bldg. 5, Moscow, 115114, Russian Federation
Registration Number: 1097746633203
Taxpayer Code (INN): 7705900074
Share: 100 %

 

 

 

Related Companies

 

 

Information

Mr Popov Aleksandr Viktorovich is a shareholder of companies:

OOO "T.D. NASH KONTINENT"
Registration number: 1027700173060

ZAO "YUMI-A"
Registration number: 1027700122658

OOO "VK-ESTEYT"
Registration number: 1097746805210

Ms Gruzdeva Nelli Ivanovna is also the shareholder of company

OOO "VZLET"
Registration number: 1077758271360

Mr Kulibaba Vladislav Anatol'evich is also the shareholder of companies:

ZAO "YUMI-A"
Registration number: 1027700122658

OOO "KIT-TREYD"
Registration number: 1097746611005

ZAO "VYSTAVOCHNO-SKLADSKOY KOMPLEKS SOKOL'NIKI"
Registration number: 1037700007509

OOO "VK-ESTEYT"
Registration number: 1097746805210

Ms Gruzdeva Mariya Vladimirovna is a shareholder of company

OOO "KLASSIKA"
Registration number: 1127746553670

The company UNITED CAPITAL PARTNERS LLC isn't a shareholder of any other companies in Russian Federation.

Mr Did'e Zhak Mishel' Rabattu isn't a shareholder or a director of any other companies in Russian Federation.

 

 

 

Bankers

 

 

Bank

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

Account(s)

40702810200014144112 (RUR)

 

 

Bank

OOO "DOYCHE BANK" (Russian Federation)

 

 

Bank

OAO "VNESHTORGBANK" (Russian Federation)

 

 

 

Financial Data

 

 

Profit and Loss (extract)

 

The following figures are shown in units of 1000

 

 

 

Period, months

12

12

12

12

Ended

01.01.2012

01.01.2011

01.01.2010

01.01.2009

Currency

RUR

RUR

RUR

RUR

SALES

6243608

4380299

2666157

1962869

Cost of Goods sold

2782569

1867032

1212816

1016392

GROSS PROFIT

3461039

2513267

1453341

946477

Distribution Costs

2389158

1339065

611786

540204

Management Costs

537446

391436

341964

269916

OPERATING PROFIT

534435

782766

499591

136357

Non Trading Income

-199822

-54646

-52727

-19885

PRE TAX PROFIT

334613

728120

446864

116472

Taxation

104203

160624

104322

13457

PROFIT AFTER TAX

231303

571971

346678

103015

 

Balance Sheet (extract)

 

The following figures are shown in units of 1000

 

As at

01.01.2012

01.01.2011

01.01.2010

01.01.2009

Currency

RUR

RUR

RUR

RUR

TOTAL FIXED ASSETS

283896

211867

131422

136715

 Intangible Assets

220

251

289

314

 Fixed Assets

213866

131416

68972

55515

TOTAL CURRENT ASSETS

1984548

1493143

1129535

775823

 Stock

1047885

505549

299906

338407

 Trade debtors

829801

794837

585700

263925

 Cash

96315

130375

175711

111514

TOTAL ASSETS

2268444

1705010

1260957

912538

 

 

 

 

 

TOTAL EQUITY

1667810

1371090

926105

579427

 Share Capital

132131

141541

141541

141541

 Retained Profits

1218310

1036861

479379

132701

TOTAL LONG TERM LIABS

 

 

 

 

 Long Term Loans

 

 

 

 

TOTAL CURRENT LIABS

600634

333920

334852

333111

 Short Term Loans

175412

22454

166080

204356

 Short Term Trade Creditors

383812

283253

151487

128755

TOTAL EQUITY & LIABS

2268444

1705010

1260957

912538

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

01.01.2012

01.01.2011

01.01.2010

01.01.2009

Current Ratio

3,3

4,47

3,37

2,33

Working Capital, x1000 RUR

1383914

1159223

794683

442712

Quick Ratio

1,56

2,96

2,48

1,31

Debt to Equity Ratio

0,36

0,24

0,36

0,57

Current Assets Turnover

3,15

2,93

2,36

2,53

Total Assets Turnover Ratio

2,75

2,57

2,11

2,15

Pre Tax Profit Margin, %

5,36

16,62

16,76

5,93

Gross Profit, %

55,43

57,38

54,51

48,22

Return on Investment, %

20,06

53,11

48,25

20,1

Return on Assets, %

14,75

42,7

35,44

12,76

 

 

 

Clients & Suppliers

 

 

Clients

OOO MODNYY KONTINET-UKRAINA (Ukraine)

TOO ZHKKH-GRUPP (Kazakhstan)

OOO "SARDEN" (Armenia)

MOLTO BENE LLC (Armenia)

TOO "RITORIAN" (Kazakhstan)

OOO "KALTSRU" (Russian Federation)

ZAO "MEZHDUNARODNAYA VYSTAVOCHNAYA KOMPANIYA" (Russian Federation)

OOO "KUL'TURNO-VYSTAVOCHNIY TSENTR "SOKOL'NIKI" (Russian Federation)

OOO "SNAER" (Russian Federation)

ZAO "SIBIUS MEDIAKOM" (Russian Federation)

 

 

Suppliers

F.C. TRADING LTD. (United Arab Emirates)

SUNBRICK INVESTMENTS LLC (USA)

PANALPINA WORLD TRANSPORT (PRC) LTD. (China)

VICBAG S.A.S. (Finland)

GRAND SPORTS INTERNATIONAL LTD. (Myanma)

OV CONTAINER LINE LTD. (Myanma)

PAWLA KNITWEAR (PVT) LTD. (Bangladesh)

GEODIS WILSON SHANGHAI LTD. (China)

GREAM AND BROWN LIMITED (Great Britain)

OOO "KALTSRU" (Russian Federation)

OOO "TK OR-ARENDA" (Russian Federation)

OOO "NAYADA-MOSOBLPROEKT" (Russian Federation)

OOO "GRANDAYS" (Russian Federation)

OOO "GERMES" (Russian Federation)

OOO "STROYKOMPLEKT" (Russian Federation)

OOO "ASTOR VTS" (Russian Federation)

OOO KOMPANIYA "EYMART" (Russian Federation)

OOO "ELEMENT STOR" (Russian Federation)

OOO "TD "AMIKOM" (Russian Federation)

OOO "RAMZEN" (Russian Federation)

OOO "GELAKSI" (Russian Federation)

OOO "GOL'FSTRIM" (Russian Federation)

OOO "MARKET PLYUS" (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

24.06.2011

Registration number

A40-67830/2011

Plaintiff

OAO "MODNIY KONTINENT"

Defendant

ZAO "NAGATINSKAYA POYMA"

Claim sum

569 353 RUR

Claim category

Default of obligations under the contract

 

Date of registration

18.08.2009

Registration number

105425/09-89-717

Plaintiff

OAO "MODNIY KONTINENT"

Defendant

ZAO "MAYAK-INVEST"

Claim sum

344 937 RUR

Claim category

Default of obligations under the contract

 

Date of registration

23.09.2009

Registration number

124323/09-98-862

Plaintiff

OOO "PRIVET-EKSPO"

Defendant

OAO "MODNIY KONTINENT"

Claim sum

2 625 430 RUR

Claim category

Default of obligations under the contract

 

Date of registration

29.07.2009

Registration number

94976/09-132-649

Plaintiff

OOO "ASK FRIZ"

Defendant

OAO "MODNIY KONTINENT"

Claim sum

1 504 381 RUR

Claim category

Default of obligations under the contract

 

Date of registration

28.05.2009

Registration number

61648/09-15-118

Plaintiff

OOO "SK ARTEL'"

Defendant

OAO "MODNIY KONTINENT"

Claim sum

891 042 RUR

Claim category

Default of obligations under the contract

 

Date of registration

28.04.2009

Registration number

49282/09-51-423

Plaintiff

OOO "STROYINVEST"

Defendant

OAO "MODNIY KONTINENT"

Claim sum

1 994 664 RUR

Claim category

Default of obligations under the contract

 

Date of registration

18.03.2009

Registration number

28895/09-156-344

Plaintiff

OOO "TD TERRA"

Defendant

OAO "MODNIY KONTINENT"

Claim sum

1 178 513 RUR

Claim category

Default of obligations under the contract

 

 

 

Publications

 

 

Date

2012

Source

The Federal Tax Service of Russian Federation

Text of Publication

The Federal Tax Service of Russian Federation has published the information that the Mr Popov Aleksandr Viktorovich (as private person) doesn't have not paid taxes.

 

 

Date

2012

Source

The Federal Tax Service of Russian Federation

Text of Publication

The Federal Tax Service of Russian Federation has published the information that the Ms Gruzdeva Nelli Ivanovna (as private person) doesn't have not paid taxes.

 

 

Date

2012

Source

The Federal Tax Service of Russian Federation

Text of Publication

The Federal Tax Service of Russian Federation has published the information that the Mr Kulibaba Vladislav Anatol'evich (as private person) doesn't have not paid taxes.

 

 

 

Financial Data

 

 


The export and the import of the company OOO "MODNIY KONTINENT" (registration number: 1037708046606) for 2004-2007 years are specified in our report.

The employees' history of the company OOO "MODNIY KONTINENT" (registration number: 1037708046606) for 2005-2006 years are specified in our report.

 

 

 

Original Financial Data

(Russian Accounting Report in English)

 

 

Balance Sheet

 

The following figures are shown in units of 1000

 

 
ASSETS

Line code

as at
01.01.2010

as at
01.01.2011

as at
01.01.2012

 

 

 

 

 

I. NON-CURRENT ASSETS

 

 

 

 

Intangible assets

110

289

251

220

Fixed assets

120

68972

131416

213866

Construction in progress

130

2831

15218

-

Income-bearing investments in tangible assets

135

-

-

-

Long-term financial investments

140

30261

30263

30275

Deferred tax assets

145

4137

9188

10080

Other non-current assets

150

24932

25531

29455

Total section I

190

131422

211867

283896

II. CURRENT ASSETS

 

 

 

 

Inventories

210

299906

505549

1047885

including :

 

 

 

 

 raw materials and other inventories

211

21145

48383

-

 livestock

212

-

-

-

 work in progress

213

-

-

-

 finished goods and goods for resale

214

272427

443072

-

 goods dispatched

215

-

-

-

 expenses related to future periods

216

6334

14094

-

 other supplies and expenditures

217

-

-

-

Value added tax on purchased goods

220

5415

5116

5379

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

230

47345

56950

-

including :

 

 

 

 

 buyers and customers

231

-

-

-

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

240

585700

794837

829801

including :

 

 

 

 

 buyers and customers

241

17177

18105

-

Short-term investments

250

15458

316

-

Monetary assets

260

175711

130375

96315

Other current assets

270

-

-

5168

Total section II

290

1129535

1493143

1984548

TOTAL SECTIONS I and II

300

1260957

1705010

2268444


 


 


 


 


 

EQUITY AND LIABILITIES

 

 

 

 

 

 

 

 

 

III. EQUITY AND RESERVES

 

 

 

 

Share capital

410

141541

141541

132131

Treasury shares

411

-

124681

-

Additional capital

420

305185

317369

317369

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

479379

1036861

1218310

Total section III

490

926105

1371090

1667810

IV. NON-CURRENT LIABILITIES

 

 

 

 

Borrowings

510

-

-

-

Deferred tax liabilities

515

-

-

-

Other non-current liabilities

520

-

-

-

Total section IV

590

-

-

-

V. CURRENT LIABILITIES

 

 

 

 

Borrowings

610

166080

22454

175412

Accounts payable

620

151487

283253

383812

including :

 

 

 

 

 suppliers and contractors

621

33669

38202

-

 salaries payable

622

4070

17552

-

 payable to state non-budget funds

623

3707

8655

-

 taxes payable

624

75742

130010

-

 other creditors

625

34299

88834

-

Dividends payable to participants (shareholders)

630

-

-

-

Income of future periods

640

-

-

-

Reserves for future expenses
and payments

650

17285

28213

-

Other current liabilities

660

-

-

-

Total section V

690

334852

333920

600634

TOTAL SECTIONS III,IV,V

700

1260957

1705010

2268444

 

PROFIT AND LOSS ACCOUNT

 

The following figures are shown in units of 1000

 

 
PARAMETER

Line code

 
01.01.2012

 
01.01.2011

 
01.01.2010

 

 

 

 

 

INCOME FROM AND EXPENSES ON ORDINARY ACTIVITIES

 

 

 

 

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

010

6243608

4380299

2666157

Cost of goods, products, work, services sold

020

2782569

1867032

1212816

Gross profit

029

3461039

2513267

1453341

Selling expenses

030

2389158

1339065

611786

Administrative expenses

040

537446

391436

341964

Profit (loss) from operations

050

534435

782766

499591

OTHER INCOME AND EXPENSES

 

 

 

 

Interest income

060

6

1010

3700

Interest expenses

070

12380

3941

16826

Income from investments in other companies

080

-

-

-

Other operating income

090

364599

190432

186358

Other operating expenses

100

552047

242147

225959

Non-operating income

120

-

-

-

Non-operating expenses

130

-

-

-

Profit (loss) before profit tax

140

334613

728120

446864

Deferred tax assets

141

893

4475

4136

Deferred tax liabilities

142

-

-

-

Current profit tax

150

104203

160624

104322

Net profit (loss) for the reporting period

190

231303

571971

346678

 

 

Additional information about related companies

 

 

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

 

 

 

Name

ZAO "YUMI-A"

Registration Number

1027700122658

Taxpayer code (INN)

7702312645

 

 

 

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

351941

518739

570543

460254

Cost of Goods sold

328297

472167

430143

328341

GROSS PROFIT

23644

46572

140400

131913

Distribution Costs

46215

92872

129580

101038

Management Costs

5969

5046

631

427

OPERATING PROFIT

-28540

-51346

10189

30448

Non Trading Income

-3674

-7210

-13767

-9631

PRE TAX PROFIT

-32214

-58556

-3578

20817

Taxation

 

 

 

5282

PROFIT AFTER TAX

-32214

-58556

-3910

15556

 

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

16124

21919

28484

26947

 Intangible Assets

 

 

 

 

 Fixed Assets

15699

21790

28338

26097

TOTAL CURRENT ASSETS

105224

213172

200130

190960

 Stock

80391

174255

178326

162435

 Trade debtors

804

569

1292

1767

 Cash

13753

22675

10652

14771

TOTAL ASSETS

121348

235091

228614

217907

 

 

 

 

 

TOTAL EQUITY

13819

46033

104589

108500

 Share Capital

1000

1000

1000

1000

 Retained Profits

12819

45033

103589

107500

TOTAL LONG TERM LIABS

123

123

122

122

 Long Term Loans

 

 

 

 

TOTAL CURRENT LIABS

107406

188935

123903

109284

 Short Term Loans

 

 

7

42434

 Short Term Trade Creditors

107406

188935

123896

66850

TOTAL EQUITY & LIABS

121348

235091

228614

217907

 

Name

OOO "VZLET"

Registration Number

1077758271360

Taxpayer code (INN)

7743653098

 

 

 

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

 

 

 

 

Cost of Goods sold

 

 

 

 

GROSS PROFIT

 

 

 

 

Distribution Costs

 

 

 

 

Management Costs

537

113

20

676

OPERATING PROFIT

-537

-113

-20

-676

Non Trading Income

8311

2166

22

-123

PRE TAX PROFIT

7774

2053

2

-799

Taxation

1555

251

1

 

PROFIT AFTER TAX

6219

1802

1

-799

 

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

265477

111038

86020

 

 Intangible Assets

 

 

 

 

 Fixed Assets

 

 

 

 

TOTAL CURRENT ASSETS

341107

577347

1510

4201

 Stock

 

 

1279

 

 Trade debtors

23973

2982

 

 

 Cash

1614

575

7

4201

TOTAL ASSETS

606584

688385

87530

4201

 

 

 

 

 

TOTAL EQUITY

47224

6005

4202

4201

 Share Capital

40000

5000

5000

5000

 Retained Profits

7224

1005

-798

-799

TOTAL LONG TERM LIABS

 

2747

 

 

 Long Term Loans

 

2747

 

 

TOTAL CURRENT LIABS

559360

679634

83328

 

 Short Term Loans

216049

679352

83327

 

 Short Term Trade Creditors

343311

281

1

 

TOTAL EQUITY & LIABS

606584

688385

87530

4201

 

 

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.55.89

UK Pound

1

Rs.88.63

Euro

1

Rs.70.02

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.