MIRA INFORM REPORT

 

 

Report Date :

10.12.2013

 

IDENTIFICATION DETAILS

 

Name :

OOO PREMIUM BRENDS 

 

 

Registered Office :

prosp Kutuzovskiy d 36, str 3, 121170 g Moskva

 

 

Country :

Russian Federation

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

30.07.2002

 

 

Com. Reg. No.:

Inspektsiya Mns Rossii N 10 Po Tsao G.Moskvy, 1027710002066

 

 

Legal Form :

Limited Liability Companies

 

 

Line of Business :

·         Sale of Tea

Wholesaler of coffee

Manufacturer of bread

manufacturer of fresh pastry goods and cakes

Manufacturer of rusks and biscuits

manufacturer of preserved pastry goods and cakes

Manufacturer of sugar

 

 

No. of Employees :

Not Available 

 

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, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

Russian Federation

A2

A2

 

Risk Category

ECGC Classification

 

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

 

Russian Federation 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

 

 

 

 

 


Company identification

 

OOO ”PREMIUM BRENDS”

prosp Kutuzovskiy d 36, str 3

121170 g Moskva

Russia

Tel                    74996438225

E-Mail               expert@riston.ru

Web                 www.riston.ru

 

Registration:                  INSPEKTSIYA MNS ROSSII N 10

PO TSAO G.MOSKVY

Statistical Nr.                59069458

Registration Nr.             1027710002066

Tax Nr.                          7710433442

Status                           active

 

 

Economic situation

 

Business connection                Business connection appears permissible.

Terms of payment                    Mostly within agreed terms, in individual cases delays of payments / payment

reminders.

 

 

 

Basic information

 

Legal form

Limited liability companies (OOO)

 

Founded

30/07/2002 as Limited liability companies (OOO)

 

Registration

30/07/2002, INSPEKTSIYA MNS ROSSII N 10 PO TSAO G.MOSKVY, 1027710002066

Statistical Nr.: 59069458

Tax Nr.: 7710433442

 

Registered names

Valid from                                Short name                              Valid until

OOO ”PREMIUM BRENDS”

 

Valid from                                Full name                                Valid until

OOO ”PREMIUM BRENDS”

 


Owners and Capital

 

                                    Name / Address / Status                       From                Share

Owner

9497336599                   VALGAMPALAGE MAKHIL NISANTKHA                       

PERERA                                                                       100 %

 

Registered capital

 

Date                             Currency                      Value

31/12/2010                    RUB                             20 000

 

Management

 

                                    Name / Address / Status                       Since               Power of attorney

Sole Executive Body

9510907959                   Managing director

Aleksey YUrevich Danshin

 

Company addresses

Valid from                    Residence address                  Valid until

prosp Kutuzovskiy d 36,

str 3, 121170 g Moskva, Russia

Tel:                   74996438225

E-Mail:              expert@riston.ru

Web:                www.riston.ru

 

 

BUSINESS ACTIVITIES

 

Main activity

Nace

Wholesale of coffee

51.37

Additional activities

Nace

Manufacture of bread; manufacture of fresh pastry goods and cakes

15.81

Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes

15.82

Manufacture of sugar

15.83

Manufacture of cocoa; chocolate and sugar confectionery

15.84

Manufacture of macaroni

15.85

Processing of tea and coffee

15.86

Manufacture of condiments and seasonings

15.87

Manufacture of homogenized food preparations and dietetic food

15.88

Manufacture of other food products n.e.c.

15.89

Agents involved in the sale of food

51.17

Agents specializing in the sale of particular products or ranges of products n.e.c.

51.18

Agents involved in the sale of a variety of goods

51.19

Wholesale of fruit and vegetables

51.31

Wholesale of alcoholic and other beverages

51.34

Wholesale of tobacco products

51.35

Wholesale of sugar and chocolate and sugar confectionery

51.36

Wholesale of other food

51.38

Non-specialized wholesale of food

51.39

Wholesale of textiles

51.41

Wholesale of clothing and footwear

51.42

Wholesale of electrical household appliances and radio and television goods

51.43

Wholesale of china and glassware

51.44

Wholesale of perfume and cosmetics

51.45

Wholesale of pharmaceutical goods

51.46

Wholesale of other household goods

51.47

Other wholesale trade

51.70

Retail sale in non-specialized stores with food

52.11

Retail sale of fruit and vegetables

52.21

Retail sale of meat and meat products

52.22

Retail sale of fish

52.23

Retail sale of bread

52.24

Retail sale of alcoholic and other beverages

52.25

Retail sale of tobacco products

52.26

Other retail sale of food

52.27

Retail sale of textiles

52.41

Retail sale of clothing

52.42

Retail sale of footwear and leather goods

52.43

Retail sale of furniture

52.44

Retail sale of electrical household appliances and radio and television goods

52.45

Retail sale of hardware

52.46

Retail sale of books

52.47

 

Other retail sale in specialized stores

52.48

 

Retail sale via mail order houses

52.61

 

Retail sale via stalls and markets

52.62

 

Other non-store retail sale

52.63

 

Development and selling of real estate

70.11

 

Buying and selling of own real estate

70.12

 

Letting of own property

70.20

 

Real estate agencies

70.31

 

Renting of other land transport equipment

71.21

 

Renting of water transport equipment

71.22

 

Renting of airtransport equipment

71.23

 

Renting of agricultural machinery and equipment

71.31

 

Renting of construction and civil engineering machinery and equipment

71.32

 

Renting of office machinery and equipment

71.33

 

Renting of other machinery and equipment n.e.c.

71.34

 

Hardware consultancy

72.10

 

Database activities

72.40

 

Other computer related activities

72.60

 

Legal activities

74.11

 

Accounting

74.12

 

Market research and public opinion polling

74.13

 

Business and management consultancy activities

74.14

 

Advertising

74.40

 

 


Economic data

 

Turnover

Date

Turnover

31/12/2008

831 053 000 RUB

31/12/2009

1 236 998 000 RUB

31/12/2010

1 563 341 000 RUB

31/12/2011

1 577 260 000 RUB

31/12/2012

1 134 838 000 RUB

 

 

Supplementary data

 

Remarks

The main activity of OOO ”PREMIUM BRENDS” is sale of tea. The subject is an office of Riston Company in Russia.

 

During the research no affiliation of the subject with other entities was revealed through the managing director, Aleksey YUrevich Danshin.

 

The subject participated in court cases as claimant and collected:

 

·         In 2010: 45952,1 RUB.

In 2011: 235728,4 RUB.

 

No negative information was found out about the subject in open sources.

 

 

Main indices

 

Payment experience and credit opinion

 

Terms of payment                    Mostly within agreed terms, in individual cases delays of payments /

payment reminders.

 

Business connection                Business connection appears permissible.

 

 

Business development

 

Company development           Constant company development.

Business course                       Satisfactory order situation.

 

 

Events

 

No negative events registered.

 

Balance sheet

 

31.12.2012

The enclosed balance of 2012 is originated from official source, no data available about authentication.

 

31.12.2011

The enclosed balance of 2011 is originated from official source, no data available about authentication.

 

Name

Ref.

31/12/2012

1000

RUB balance

31/12/2011

1000

RUB balance

1. ASSETS

 

 

 

I. FIXED ASSETS

 

 

 

Intangible assets

1110

8 654

8 821

The results of research and development

1120

0

0

Intangible research assets

1130

0

0

Tangible research assets

1140

0

0

 

Fixed assets

1150

2 999

5 845

 

Profitable investments in tangible assets

1160

0

0

 

Financial investments

1170

0

0

 

Deferred tax assets

1180

0

0

 

Other non-current assets

1190

0

0

 

TOTAL IN SECTION I.

1100

11 653

14 665

 

II. CURRENT ASSETS

 

 

Inventories

1210

541 543

352 030

 

VAT on acquired assets

1220

42 435

46 806

 

Accounts receivable

1230

396 567

292 750

 

Financial investments (excluding the monetary equivalent)

1240

424 798

357 420

 

Cash and monetary equivalents

1250

1 513

12 787

 

Other current assets

1260

706 687

696 679

 

TOTAL IN SECTION II.

1200

2 113 543

1 758 473

 

BALANCE

1600

2125196

1 773138

 

2. LIABILITIES

 

 

 

 

III. CAPITAL AND RESERVES

 

 

 

 

Authorized capital (share capital, charter capital, deposits capital, partners capital)

1310

20

20

 

Treasury stock

1320

0

0

 

Revaluation of fixed assets

1340

0

0

 

Additional capital (without revaluation)

1350

0

0

 

Reserve capital

1360

0

0

 

Retained earnings (uncovered loss)

1370

23 301

17 138

 

TOTAL IN SECTION III.

1300

23 321

17 158

 

Iv Long – Term Liabilities

 

 

 

 

Borrowed funds

1410

401 937

439 842

Deferred tax liabilities

1420

0

0

Provisions

1430

0

0

Other liabilities

1450

0

0

TOTAL IN SECTION IV.

1400

401 937

439 842

V. SHORT-TERM LIABILITIES

 

Borrowed funds

1510

242 267

285 850

Payables

1520

1 457 670

1 030 287

Deferred income

1530

0

0

Provisions

1540

0

0

Sonstige Verbindlichkeiten

1550

0

0

TOTAL IN SECTION V.

1500

1 699 937

1 316137

BALANCE

1700

2125196

1 773138

 

 

Profit and loss accounts

 

31.12.2012

The enclosed profit and loss account of 2012 is originated from official source, no data available about authentication.

 

31.12.2011

The enclosed profit and loss account of 2011 is originated from official source, no data available about authentication.

 

Name

Ref.

31/12/2012

1000

RUB

profit and loss account

31/12/2011

1000

RUB

profit and loss account

Turnover

2110

1 134 838

1 577 260

Cost of sales

2120

649 515

808 486

Gross profit (loss)

2100

485 323

768 774

Selling expenses

2210

395 866

658127

Administrative expenses

2220

0

0

Sales profit (loss)

2200

89 457

110 647

Earnings from other entities

2310

0

0

Interest receivable

2320

4 355

2 920

Interest payable

2330

31 264

16 448

Other operating income

2340

45 419

45 774

Other operating expenses

2350

100 070

136 472

Profit (loss) before tax

2300

7 897

6 421

Current profit tax

2410

1 735

1 543

Permanent tax liabilities (assets)

2421

0

0

Change in deferred tax liabilities

2430

0

0

Change in deferred tax assets

2450

0

0

Different

2430

0

0

Net profit (loss)

2400

6 162

4 878

Results of fixed assets revaluation, non-included in net profit/loss for period

2510

0

0

Result of other transactions, non included in net profit/loss for period

2520

0

0

Total financial result for period

2500

6 162

4 878

 

Financial Ratios

 

Name

Ref.

31/12/2012

31/12/2011

Quick ratio

1

0,48

0,50

Current ratio

2

0,99

1,08

Average Collection Period

3

110,85

33,87

Payables turnover Period

4

699,06

232,57

Debt ratio

5

0,99

0,99

Equity to total assets ratio

6

0,01

0,01

Funding ratio

7

0,01

0,01

Return on sales

8

0,54

0,31

Return on Assets

9

1,64

1,13

Return on Equity

10

30,45

 


 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.79

UK Pound

1

Rs.100.01

Euro

1

Rs.83.82

 

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.