|
Report Date : |
17.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
OAO NIZHNE-LENSKOE |
|
|
|
|
Registered Office : |
Ul Kirova D 18, Blok
"B", 677027 G |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
20.11.2000 |
|
|
|
|
Com. Reg. No.: |
1021401776659 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
· recovery of diamond Hunting
Mining of non-ferrous metal ores
Manufacturer of tools Manufacturer of aircraft and spacecraft Recycling of non-metal waste and scrap Retail sale of automotive fuel |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
Slow but Correct |
|
|
|
|
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) |
|
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 |
OAO "Nizhne-Lenskoe"
Ul Kirova D 18, Blok "B",
677027 G
Tel: 84112496000
E-Mail: lenskoe@sakha.com
|
Company
development |
Constant company development. |
|
|
Business course |
Satisfactory order situation. |
|
|
Terms of payment |
Mostly within agreed terms, partly delays
of payments / payment reminders. |
|
|
Business
connection |
Business connection is not denied. Credit
is not assigned, it requires securities. |
|
|
Established on |
20/11/2000 - Public limited company (OAO) |
|
Registered on |
18/12/2002, Mezhrayonnaya inspektsiya
Ministerstva Rossiyskoy Federatsii po nalogam i sboram №6 po Respublike
Sakha (YAkutiya) (Strukturnoe podrazdelenie po ZHiganskomu ulusu), RegNr.:
1021401776659 |
|
Registered
capital |
|
RUB |
1 015 757 080,- |
|
|
Owner |
OAO "Almazy
Anabara" |
% |
100 |
|
|
Management |
Andrey Vilevich
Karkhu |
|
|
Andrey YUrevich
Nikolaev |
|
|
Dzhenita
Stanislavovna Belchusova |
|
|
Marianna
Anatolevna Magomedova |
|
|
Matvey
Nikolaevich vseev |
|
|
Pavel
Nikolaevich Oshchepkov |
|
Sole Executive
Body |
Ivan Ivanovich
Andreev |
||
|
General data |
Main activity: |
|
|
|
|
Full name: |
|
|
Name in foreign
language: |
|
|
Short name: |
|
|
|
|
|
Residence
address: |
|
Other activities |
|
|
|
|
|
|
|
Hunting |
|
|
|
Mining of non-ferrous metal ores |
|
|
Other mining and quarrying n.e.c. |
|
|
Manufacture of tools |
|
|
Manufacture of aircraft and spacecraft |
|
|
Manufacture of jewellery and related
articles n.e.c. |
|
|
Manufacture of jewellery and related
articles n.e.c. |
|
|
Manufacture of jewellery and related
articles n.e.c. |
|
|
Manufacture of jewellery and related
articles n.e.c. |
|
|
Manufacture of jewellery and related
articles n.e.c. |
|
|
Manufacture of jewellery and related
articles n.e.c. |
|
|
Recycling of non-metal waste and scrap |
|
|
Retail sale of automotive fuel |
|
|
Agents involved in the sale of fuels |
|
|
Agents specializing in the sale of
particular products or ranges of products n.e.c. |
|
|
Agents specializing in the sale of particular
products or ranges of products n.e.c. |
|
|
Wholesale of other household goods |
|
|
Wholesale of metals and metal ores |
|
|
Wholesale of other intermediate products |
|
|
Other retail sale in specialized stores |
|
|
Hotels without restaurants |
|
|
Other land passenger transport |
|
|
Freight transport by road |
|
|
Non-scheduled air transport |
|
|
Storage and warehousing |
|
|
Security broking and fund management |
|
|
Security broking and fund management |
|
|
Architectural and engineering activities
and related technical consultancy |
|
|
Sewage and refuse disposal |
|
Annual turnover |
31/12/2006 |
Enterprise turnover |
RUB |
2 243 385 000,- |
|
|
|
31/12/2007 |
Enterprise turnover |
RUB |
2 483 263 000,- |
|
|
|
31/12/2008 |
Enterprise turnover |
RUB |
2 562 763 000,- |
|
|
|
Events, negative
data |
18.01.2013 - Legal debt collection
procedure |
|||||
|
|
24.01.2013 - Legal debt collection
procedure |
|
|
22.08.2013 - Legal debt collection
procedure |
|
Remarks |
As the financial information of the subject
company is not disclosed, the Credit limit cannot be calculated.
The subject was bought by OAO “Almazy
Anabara” in 2012 in the state of bankruptcy. The
subject has following licenses: VP-73-000587N valid until 15.07.2016.
OOO "ELEKTRUM" – INN:
1435002975; Yakutsk. He was the shareholder of the company. The company was
excluded from EGRUL in 2013. OOO "Saidyy" – INN: 1435179524;
Yakutsk. He is the managing director and the owner of 100% of share capital
of the company. The company will excluded from EGRUL as inactive upon
registering authorities decision.
In 2013: 4 722 747 RUB.
|
There are no balancesheets registered.
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Excerpts from Times of India dated 30th October 2010 is as
under –
-
Gem & Jewellery Export Promotion Council in its statistical data has
shown the export of polished diamonds to have increase by 28 % in February 2013.
Compared to $ 1.4 bn worth of polished diamond export in February, 2012, India
exported $ 1.84 billion worth of polished diamonds in February 2013. A senior
executive of GJEPC said, “Export of cut and polished diamonds started falling
month-wise after the imposition of 2 % of import duty on the polished diamonds.
But February, 2013 has given a new ray of hope to the industry as the export of
polished diamonds has actually increased by 28 %. It means the industry
is on the track of recovery and round tripping of diamonds has stopped
completely.” Demand has started coming from the US, the UK, Japan and China.
India’s polished diamond export is expected to cross $ 21 bn in 2013-14.
-
The banking sector has started exercising restraint while following prudent
risk management norms when lending money to gems and jewellery sector. This
follows the implementation of Basel III accord – a global voluntary regulatory
standard on bank capital adequacy, stress testing and market liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.10 |
|
UK Pound |
1 |
Rs.101.27 |
|
Euro |
1 |
Rs.85.43 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.