MIRA INFORM REPORT

 

 

Report Date :

26.04.2013

 

IDENTIFICATION DETAILS

 

Name :

OTKRYTOE AKTSYONERNOE OBSCHESTVO MELON FESHN GRUP

 

 

Registered Office :

10-th Krasnoarmeyskaya str., 22, St.-Petersburg, 190103

 

 

Country :

Russia

 

 

Financials (as on) :

01.01.2013

 

 

Date of Incorporation :

27.12.2005

 

 

Com. Reg. No.:

1057813298553

 

 

Legal Form :

Public Joint Stock Company

 

 

Line of Business :

Manufacture and sales of clothes for women

 

 

No. of Employees :

850 (approx.) on March, 29, 2013 (company's data)

 

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 – March 31st 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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. 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 also a top exporter of metals such as steel and primary aluminum. Russia's reliance on commodity exports makes it vulnerable to boom and bust cycles that follow the volatile swings in global 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 visible 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 economic decline bottomed out in mid-2009 and the economy began to grow again in the third quarter of 2009. High oil prices buoyed Russian growth in 2011-12 and helped Russia reduce the budget deficit inherited from 2008-09. Russia has reduced unemployment to a record low and has lowered inflation below double digit rates. Russia joined the World Trade Organization in 2012, which will reduce trade barriers in Russia for foreign goods and services and help open foreign markets to Russian goods and services. At the same time, Russia has sought to cement economic ties with countries in the former Soviet space through a Customs Union with Belarus and Kazakhstan, and, in the next several years, through the creation of a new Russia-led economic bloc called the Eurasian Economic Union. Russia has had difficulty attracting foreign direct investment and has experienced large capital outflows in the past several years, leading to official programs to improve Russia's international rankings for its investment climate. Russia's adoption of a new oil-price-based fiscal rule in 2012 and a more flexible exchange rate policy have improved its ability to deal with external shocks, including volatile oil prices. Russia's long-term challenges also include a shrinking workforce, rampant corruption, and underinvestment in infrastructure.

 

Source : CIA

 

 

 

Comments

 

 

Information

According to the data of the State Register of Legal Entities of Russian Federation the company PJSC Melson Fashion Group hasn't been registered.

The address "10-th Krasnoarmeyskaya str., 22, St.-Petersburg, 190103, Russian Federation" belongs to the company Otkrytoe aktsyonernoe obschestvo "MELON FESHN GRUP" (name in English: "MELON FASHION GROUP" PUBLIC JOINT STOCK COMPANY (short name in English: "MELON FASHION GROUP" PJSC)).

In your inquiry the short name in English of this company is mentioned not correctly.

In your inquiry the address of this company is mentioned not correctly.

We provide the report on the company Otkrytoe aktsyonernoe obschestvo "MELON FESHN GRUP".

 

 

 

Summary

 

 

Original Name

Otkrytoe aktsyonernoe obschestvo "MELON FESHN GRUP"

Legal Form

OAO (Public Joint Stock Company by Russian Law)

Year of Foundation

2005

Sales

8 207 745 th RUR for 12 months, ended 01.01.2013

Employees

850 (approx.) on March, 29, 2013 (company's data)

 

 

 

Company Identification Details

 

 

Original Name

Otkrytoe aktsyonernoe obschestvo "MELON FESHN GRUP"

Short Name

OAO "MELON FESHN GRUP"

Name in English

"MELON FASHION GROUP" PUBLIC JOINT STOCK COMPANY

Address

10-th Krasnoarmeyskaya str., 22, St.-Petersburg, 190103, Russian Federation

Legal Address

10-th Krasnoarmeyskaya str., 22, St.-Petersburg, 190103, Russian Federation

Phone

+7 (812) 3264546, 3266361, 3265062, 3265042, 3266362, 3275612

Fax

+7 (812) 3265090, 3208444

E-mail

office@zarina.ru

WEB Address

www.melonfashion.ru
www.zarina.ru

 

 

History

The company Otkrytoe aktsyonernoe obschestvo "MELON FESHN GRUP" was formed through reorganization by separation from the composition of the company Zakrytoe aktsyonernoe obschestvo "PERVOMAYSKAYA ZARYA" (registration number: 1027810270476).

10.01.2007: the annexation of the companies Zakrytoe aktsyonernoe obschestvo "ZARINA" (registration number: 5067847329480), Zakrytoe aktsyonernoe obschestvo "KURT KELLERMANN-SANKT-PETERBURG" (registration number: 5067847330601).

 

 

 

Official Company Data

 

 

Legal Form

OAO (Public Joint Stock Company by Russian Law)

Date of Registration

27.12.2005

Registration Number

1057813298553

Statistic Code (OKPO)

79723322

Taxpayer Code (INN)

7839326623

Registration Authority

Federal Tax Service of Russian Federation Interregional Inspection N 15 within St.-Petersburg

 

 

 

Public Record Information

 

 

Information

The company Otkrytoe aktsyonernoe obschestvo "MELON FESHN GRUP" was not included in the published list of bankrupt companies.

 

 

 

Share Capital

 

 

Current Share Capital

48 156 000 RUR (since 21.05.2012)

 

 

 

Shareholders

 

 

Total

283 legal and private persons including

 

 

Shareholder

I.G.M. MANUFACTRUST LIMITED

Address

Cyprus

Share

36,34 %

 

 

Shareholder

SKANDINAVISKA ENSKILDA BANKEN AB (PUBL)

Address

Sweden

Share

43,04 %

 

 

Shareholder

Ms Sintsova Galina Genrikhovna

Nationality

Russian Federation

Address

Tavricheskaya str., 2, ap. 258, St.-Petersburg, Russian Federation

Date of Birth

31.10.1939

Share

1,56 %

 

 

Shareholder

Mr Urzhumtsev Mikhail Mikhaylovich

Nationality

Russian Federation

Address

Ordinarskaya str., 11/85, ap. 37, St.-Petersburg, Russian Federation

Date of Birth

17.02.1970

Taxpayer Code (INN)

781305305376

Share

5,96 %

 

 

Shareholder

Mr Kellermann David Gustav

Nationality

Sweden

Share

2,85 %

 

 

Comments

The information on the shareholders of the company is presented on 01.01.2012:

According to Russian legislation the information on change of shareholders of companies with the legal status joint-stock company isn’t included in the Single State Register of Legal Entities of Russian Federation.
Data on change of shareholders of company (if the company has a status joint-stock company) are reflected in register of shareholders which is conducted either by the company itself or by independent specific company – register holder. According to Russian legislation to get an extract about the composition of shareholders at current situation from the register of shareholders it’s necessary to be a shareholder of this company (to have no less than 1 % of its share).

The inquired company isn’t public corporation (the shares of the company aren’t presented on the exchange), that’s why the company doesn’t publish quarterly reports about the composition of shareholders.

Therefore current composition of company’s shareholders may differ from ours one in the report.

The names of foreign shareholders of the company may be pointed incorrectly as in official documents (extracts from register) they’re written in Russian by cyrillic letters. We present our apologies for possible mistakes in transliteration.

 

 

 

Directors

 

 

Director

Mr Urzhumtsev Mikhail Mikhaylovich

 

Signature Right

Nationality

Russian Federation

Address

Ordinarnaya str., 11/85, ap. 37, St.-Petersburg, 197136, Russian Federation

Date of Birth

17.02.1970

Taxpayer Code (INN)

781305305376

 

 

Executives

data on 01.01.2012:

Members of Board of Directors

Mr Biner Lilian
Mr Izaksson Karin
Mr Karlsson Konni
Mr Kellermann David Gustav
Mr Kinning Kristel'
Mr Pipinis Yustas
Mr Pramkhall Khans Ingvar Soren
Ms Sintsova Galina Genrikhovna

 

Re-Registration Data

 

 

Date of Registration

27.12.2005

 

(Entering into the Single State Register of Legal Entities)

Registration Number

1057813298553

Registration Authority

Federal Tax Service of Russian Federation
Interregional Inspection N 15 within St.-Petersburg

 

 

Date of Re-registration

24.05.2006

File Number

6067847117002

Registration Authority

Federal Tax Service of Russian FederationInterregional Inspection N 15 within St.-Petersburg

Changes

Company Rules

 

 

Date of Re-registration

13.11.2006

File Number

9067847806150

Registration Authority

Federal Tax Service of Russian FederationInterregional Inspection N 15 within St.-Petersburg

Changes

Share Capital

 

 

Date of Re-registration

30.08.2007

File Number

9077847047885

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

17.12.2007

File Number

7079847268000

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

10.07.2008

File Number

8089847216924

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

05.05.2009

File Number

7097847122102

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

24.06.2010

File Number

7107847601063

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

21.05.2012

File Number

7127847025310

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

27.06.2012

File Number

7127847606550

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

Date of Re-registration

18.09.2012

File Number

8127847763882

Registration Authority

Federal Tax Service of Russian Federation

Changes

Company's Rules

 

 

 

Operations

 

 

Activities

Manufacture and sales of clothes for women.

Retail trade in footwear, textile products, bijouterie.

The company produces goods under brands: ZARINA, ZARINA-PLUS, KELLERMANN, CI MI AND DI PIU, BEFREE.

 

 

Staff Employed

850 (approx.) on March, 29, 2013 (company's data)

Employees' History

900 (approx.) on March, 22, 2012 (company's data)
850 (approx.) on April, 10, 2011 (company's data)
850 (approx.) on March, 28, 2011 (company's data)
800 (approx.) on April, 22, 2010 (company's data)
800 (approx.) on March, 30, 2010 (company's data)
800 (approx.) on February, 16, 2010 (company's data)
800 (approx.) on May, 28, 2009 (company's data)
900 (approx.) on August, 22, 2011 (company's data)
800 (approx.) on March, 06, 2009 (company's data)
1 000 (approx.) on November, 17, 2008 (company's data)
1 000 (approx.) on October, 28, 2008 (company's data)
1 000 (approx.) on March, 03, 2008 (company's data)
1 000 (approx.) on December, 28, 2007 (company's data)
950 on May, 25, 2007 (company's data)
940 on January, 23, 2007 (company's data)

 

 

 

Real Estate

 

 

Own

Industrial area, office, warehouse
Address: 10-th Krasnoarmeyskaya str., 22, St.-Petersburg, 190103, Russian Federation
(company's data)

 

 

Rent

Shop, warehouse
Address: Taganskaya str., 1, bldg.1, TTs "Zvezdochka", Moscow, Russian Federation
(company's data)

Shop, warehouse
Address: Andropova prosp., vl. 4-10, TK "Megapolis", Moscow, Russian Federation
(company's data)

Shop, warehouse
Address: Krasnogo Mayaka str., 2B, TRK "Prazhskiy Passazh", Moscow, Russian Federation
(company's data)

Shop, warehouse
Address: Bol'shevikov prosp., 18, bldg. 2, TRK "Nevskiy-2", St.-Petersburg, Russian Federation
(company's data)

 

 

 

 

Export & Import

 

 

Export Countries

2012: Ukraine
2011: Ukraine
2010: Ukraine

Exported Goods

clothes, footwear, textile products, bijouterie

Export Value

in 2012: 263 397 USD
in 2011: 285 645 USD
in 2010: 188 144 USD
in 2005-2009: none

 

 

Import Countries

2012: China, Hong Kong, South Korea, Lithuania, Turkey, Estonia, United Arab Emirates, France
2011: China, Hong Kong, South Korea, Lithuania, Turkey, Estonia, United Arab Emirates, France, India
2010: China, Hong Kong, South Korea, Lithuania, Turkey, Estonia, United Arab Emirates, France, India
2009: China, Hong Kong, South Korea, Lithuania, Turkey, Estonia, United Arab Emirates, France, India
2008: China, Belgium, Hong Kong, India, France, United Arab Emirates, Lithuania, South Korea, Portugal, Turkey, Tunisia, Spain
2007: China, Hong Kong, Italy, France, India, Netherlands, Estonia, Turkey, Portugal, Lithuania, Tunisia, Finland, South Korea, Taiwan, Pakistan

Imported Goods

clothes, footwear, textile products, bijouterie

Import Value

in 2012: 29 870 591 USD
in 2011: 51 350 748 USD
in 2010: 14 957 718 USD
in 2009: 21 613 977 USD
in 2008: 22 623 964 USD
in 2007: 12 503 974 USD
in 2005-2006: none

 

 

 

Branches

 

 

Branch

According to the company's administration the company has got branches and shops situated in following cities of Russian Federation: St.-Petersburg, Abakan, Arkhangelsk, Barnaul, Blagoveshchensk, Bryansk, Vladimir, Volgograd, Voronezh, Vyborg, Ekaterinburg, Irkutsk, Kazan, Krasnodar, Krasnoyarsk, Kursk, Murmansk, Nizhni Novgorod, Novosibirsk, Omsk, Rostov-on-Don, Samara, Stavropol, Tolyatti, Chelyabinsk.

The company has representation in China.

 

 

 

Participation

 

 

Information

The company is a shareholder of company:

OOO "TAKSI.STIL'"
Address: 10-th Krasnoarmeyskaya str., 22, St.-Petersburg, 190103, Russian Federation
Registration Number: 5077746932830
Taxpayer Code (INN): 7713623321

 

 

 

Related Companies

 

 

Information

The companies I.G.M. MANUFACTRUST LIMITED and SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) aren't shareholders of any other companies in Russian Federation.

Mr Urzhumtsev Mikhail Mikhaylovich, Ms Sintsova Galina Genrikhovna, and Mr Kellermann David Gustav aren't shareholders of any other companies in Russian Federation.

 

 

 

Bankers

 

 

Bank

OAO "MDM-BANK", St.-Petersburg branch (Russian Federation)

 

 

 

Financial Data

 

Profit and Loss (extract)

 

The following figures are shown in units of 1000

 

 

 

Period, months

12

12

12

12

Ended

01.01.2013

01.01.2012

01.01.2011

01.01.2010

Currency

RUR

RUR

RUR

RUR

SALES

8207745

6263775

4622430

3051729

Cost of Goods sold

3392146

2667088

1754131

1190246

GROSS PROFIT

4815599

3596687

2868299

1861483

Distribution Costs

3877503

3513105

2648219

1676119

Management Costs

150570

137796

120825

99765

OPERATING PROFIT

787526

-54214

99255

85599

Non Trading Income

-26602

-67036

-121263

18106

PRE TAX PROFIT

760924

-121250

-22008

103705

Taxation

141577

 

16

17591

PROFIT AFTER TAX

619347

-100526

-26675

74876

 

Balance Sheet (extract)

 

The following figures are shown in units of 1000

 

As at

01.01.2013

01.01.2012

01.01.2011

01.01.2010

Currency

RUR

RUR

RUR

RUR

TOTAL FIXED ASSETS

656425

497371

388784

160192

 Intangible Assets

5076

5877

5187

365

 Fixed Assets

284433

314415

365580

147678

TOTAL CURRENT ASSETS

1834975

1529260

1220617

1120541

 Stock

1014646

924324

626679

219202

 Trade debtors

 

340691

237499

230537

 Cash

368828

104238

77501

280467

TOTAL ASSETS

2491400

2026631

1609401

1280733

 

 

 

 

 

TOTAL EQUITY

1498360

871733

988706

1016821

 Share Capital

48156

46754

46754

46754

 Retained Profits

839853

242903

359876

387991

TOTAL LONG TERM LIABS

20933

20170

15831

11180

 Long Term Loans

 

 

 

 

TOTAL CURRENT LIABS

972107

1134728

604864

252732

 Short Term Loans

 

289370

 

12364

 Short Term Trade Creditors

907014

809613

603991

239697

TOTAL EQUITY & LIABS

2491400

2026631

1609401

1280733

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

01.01.2013

01.01.2012

01.01.2011

01.01.2010

Current Ratio

1,89

1,35

2,02

4,43

Working Capital, x1000 RUR

862868

394532

615753

867809

Quick Ratio

0,84

0,53

0,98

3,57

Debt to Equity Ratio

0,66

1,32

0,63

0,26

Current Assets Turnover

4,47

4,1

3,79

2,72

Total Assets Turnover Ratio

3,29

3,09

2,87

2,38

Pre Tax Profit Margin, %

9,27

-1,94

-0,48

3,4

Gross Profit, %

58,67

57,42

62,05

61

Return on Investment, %

50,78

-13,91

-2,23

10,2

Return on Assets, %

30,54

-5,98

-1,37

8,1

 

 

 

Clients & Suppliers

 

 

Clients

OOO "MODA KIEV" (Ukraine)

 

 

Suppliers

BOOST CONSULTING GROUP (China)

RISEWIN (H.K.) FASHION LTD. (Hong Kong)

ADM TRADING LTD (China)

JULIA ART&CRAFT CO. LTD (China)

HENITEX INTERNATIONAL S.A. (France)

RON YEE GARMENT CO LTD (Hong Kong)

MIROGLIO S.P.A. (Italy)

MAGHELLA MODA ITALIANA SRF (Italy)

JIAXING MENGDI IMPORT & EXPORT CO. LTD (China)

GISAD DIS TIC. A.B. (Turkey)

*** 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

22.10.2009

Registration number

A32-47623/2009

Plaintiff

OOO "FAKTORIAL"

Defendant

OAO "MELON FESHN GRUP"

Claim sum

65 355 RUR

Claim category

Default of obligations under the contract

 

Date of registration

24.02.2011

Registration number

A56-8047/11

Plaintiff

OAO "MELON FESHN GRUP"

Defendant

IP Purtova Elena Vasil'evna

Claim sum

-

Claim category

Economic disputes

 

Date of registration

11.02.2011

Registration number

A56-50482/10

Plaintiff

OAO "MELON FESHN GRUP"

Defendant

Pulkovo Customs

Claim sum

100 000 RUR

Claim category

Default of obligations under the contract

 

Date of registration

13.11.2009

Registration number

A56-38001/09

Plaintiff

OAO "MELON FESHN GRUP"

Defendant

IP Bessonov Vitaliy Aleksandrovich

Claim sum

1 013 698 RUR

Claim category

Default of obligations under the contract

 

Date of registration

08.04.2011

Registration number

A40-36901/11

Plaintiff

OOO "GARANT BAUINVESTITSION GMBKH"

Defendant

OAO "MELON FESHN GRUP"

Claim sum

-

Claim category

Economic disputes

 

Date of registration

11.05.2011

Registration number

A40-50881/2011

Plaintiff

OOO UPRAVLYAYUSCHAYA KOMPANIYA "TEN-DEVELOPMENT"

Defendant

OAO "MELON FESHN GRUP"

Claim sum

3 621 887 RUR

Claim category

Default of obligations under the contract

 

Date of registration

15.07.2011

Registration number

A56-38857/2011

Plaintiff

OOO "PAZL-PRO"

Defendant

OAO "MELON FESHN GRUP"

Claim sum

2 998 510 RUR

Claim category

Default of obligations under the contract

 

Date of registration

21.03.2012

Registration number

A56-14745/2012

Plaintiff

OOO "EVRAAZIYA KLIMAT"

Defendant

OAO "MELON FESHN GRUP"

Claim sum

129 080 RUR

Claim category

Default of obligations under the contract

 

Date of registration

29.03.2013

Registration number

A40-36915/2011

Plaintiff

OOO "LAYNER MOLL"

Defendant

OAO "MELON FESHN GRUP"

Claim sum

5 144 RUR

Claim category

Default of obligations under the contract

 

Date of registration

14.02.2013

Registration number

A56-27827/2012

Plaintiff

OAO "MELON FESHN GRUP"

Defendant

OOO "RYURIK 4"

Claim sum

-

Claim category

Economic disputes

 

 

 

Publications

 

 

Date

2013

Source

The Federal Tax Service of Russian Federation

Text of Publication

The Federal Tax Service of Russian Federation has published the information that Mr Urzhumtsev Mikhail Mikhaylovich (as private person) does't have not paid taxes.

 

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
01.01.2013

 

 

 

 

 

I. NON-CURRENT ASSETS

 

 

 

 

Intangible assets

110

5187

5877

5076

Fixed assets

120

365580

314415

284433

Construction in progress

130

12331

-

-

Income-bearing investments in tangible assets

135

1093

827

579

Long-term financial investments

140

3015

3015

175813

Deferred tax assets

145

-

29078

11323

Other non-current assets

150

1578

-

179201

Total section I

190

388784

497371

656425

II. CURRENT ASSETS

 

 

 

 

Inventories

210

626679

924324

1014646

including :

 

 

 

 

 raw materials and other inventories

211

28122

-

-

 livestock

212

-

-

-

 work in progress

213

20

-

-

 finished goods and goods for resale

214

509242

-

-

 goods dispatched

215

1901

-

-

 expenses related to future periods

216

87394

-

-

 other supplies and expenditures

217

-

-

-

Value added tax on purchased goods

220

4949

176

1753

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

230

204053

-

426937

including :

 

 

 

 

 buyers and customers

231

-

-

-

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

240

237499

340691

-

including :

 

 

 

 

 buyers and customers

241

61414

-

-

Short-term investments

250

69338

152612

8231

Monetary assets

260

77501

104238

368828

Other current assets

270

598

7219

14580

Total section II

290

1220617

1529260

1834975

TOTAL SECTIONS I and II

300

1609401

2026631

2491400


 


 


 


 


 

EQUITY AND LIABILITIES

 

 

 

 

 

 

 

 

 

III. EQUITY AND RESERVES

 

 

 

 

Share capital

410

46754

46754

48156

Treasury shares

411

-

-

-

Additional capital

420

579738

579738

608013

Legal reserve

430

2338

2338

2338

including :

 

 

 

 

 reserves and provisions formed in
 accordance with legislation

431

-

-

-

 reserves formed in accordance 
 with foundation documents

432

2338

-

-

Retained earnings (loss)

470

359876

242903

839853

Total section III

490

988706

871733

1498360

IV. NON-CURRENT LIABILITIES

 

 

 

 

Borrowings

510

-

-

-

Deferred tax liabilities

515

15831

20170

20933

Other non-current liabilities

520

-

-

-

Total section IV

590

15831

20170

20933

V. CURRENT LIABILITIES

 

 

 

 

Borrowings

610

-

289370

-

Accounts payable

620

603991

809613

907014

including :

 

 

 

 

 suppliers and contractors

621

333703

-

-

 salaries payable

622

54572

-

-

 payable to state non-budget funds

623

15427

-

-

 taxes payable

624

94354

-

-

 other creditors

625

105935

-

-

Dividends payable to participants (shareholders)

630

354

-

-

Income of future periods

640

519

1692

2289

Reserves for future expenses 
and payments

650

-

-

-

Other current liabilities

660

-

5371

6254

Total section V

690

604864

1134728

972107

TOTAL SECTIONS III,IV,V

700

1609401

2026631

2491400

 

PROFIT AND LOSS ACCOUNT

 

The following figures are shown in units of 1000

 

 
PARAMETER

Line code

 
01.01.2013

 
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

8207745

6263775

4622430

Cost of goods, products, work, services sold

020

3392146

2667088

1754131

Gross profit

029

4815599

3596687

2868299

Selling expenses

030

3877503

3513105

2648219

Administrative expenses

040

150570

137796

120825

Profit (loss) from operations

050

787526

-54214

99255

OTHER INCOME AND EXPENSES

 

 

 

 

Interest income

060

24510

16064

6212

Interest expenses

070

26974

19022

14622

Income from investments in other companies

080

-

-

-

Other operating income

090

157072

131161

97948

Other operating expenses

100

181210

195239

210801

Non-operating income

120

-

-

-

Non-operating expenses

130

-

-

-

Profit (loss) before profit tax

140

760924

-121250

-22008

Deferred tax assets

141

-

25063

-

Deferred tax liabilities

142

-

4339

4651

Current profit tax

150

141577

-

16

Net profit (loss) for the reporting period

190

619347

-100526

-26675

 

 

Rates of Exchange

 

 

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

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.17

UK Pound

1

Rs.82.99

Euro

1

Rs.70.62

 

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.