|
Report Date : |
17.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
ZAO MEDKHIM |
|
|
|
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Registered Office : |
ul Zavodskaya d 5, 446021 g |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
29.11.2000 |
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Com. Reg. No.: |
1036301251524 |
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Legal Form : |
Closed and joint-stock companies |
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Line of Business : |
· Engaged in production and sale of ichthyol and liquid paraffin. producer of medical and veterinary
essences. Manufacturer of soap and detergents |
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|
|
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 |
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Payment Behaviour : |
No Complaints |
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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 |
ZAO "MEDKHIM"
ul Zavodskaya d 5,
446021 g
Tel: 78469310090
E-Mail: info@medhim.net
Web: www.medhim.net
|
Company
development |
Constant company development. |
|
Business course |
Satisfactory order situation. |
|
Terms of payment |
As far as know, punctually. |
|
Business
connection |
Business connection appears permissible. |
|
Legal form |
Closed and joint-stock companies (ZAO) |
|
|
|
Established on |
29/11/2000 - Closed and joint-stock
companies (ZAO) |
||
|
Registered on |
01/02/2003, Mezhrayonnaya inspektsiya
Ministerstva Rossiyskoy Federatsii po nalogam i sboram № 3 po Samarskoy
oblasti, RegNr.: 1036301251524 |
||||
|
Registered
capital |
|
RUB |
40 000 000,- |
|
|
|
Owner |
Obshchestvo s
ogranichennoy otvetstvennostyu Torgovo-promyshlennaya kompaniya
"Betta" |
% |
98,48 |
|
|
|
Russian citizen |
% |
1,52 |
|
|
|
Russian citizen |
% |
1,52 |
|
|
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Sole Executive
Body |
Talat Seyfulla
Ogly Eyvazov |
||||
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General data |
Main activity: |
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Full name: |
||
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Name in foreign
language: |
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Short name: |
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Residence
address: |
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Permanent
address: |
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Other activities |
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Quarrying of slate |
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Manufacture of basic pharmaceutical
products |
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Manufacture of pharmaceutical preparations |
|
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Manufacture of pharmaceutical preparations |
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Manufacture of pharmaceutical preparations |
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Manufacture of soap and detergents |
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Manufacture of other chemical products
n.e.c. |
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Wholesale of pharmaceutical goods |
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|||||
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Annual turnover |
31/12/2006 |
Enterprise turnover |
RUB |
100 601 000,- |
|
||
|
|
31/12/2007 |
Enterprise turnover |
RUB |
156 610 000,- |
|
|
|
31/12/2008 |
Enterprise turnover |
RUB |
172 568 000,- |
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|
|
31/12/2009 |
Enterprise turnover |
RUB |
192 847 000,- |
|
|
|
31/12/2010 |
Enterprise turnover |
RUB |
264 407 000,- |
|
|
|
31/12/2011 |
Enterprise turnover |
RUB |
323 273 000,- |
|
|
|
31/12/2012 |
Enterprise turnover |
RUB |
290 313 000,- |
|
|
Remarks |
The main activity of ZAO
"MEDKHIM" is production and sale of ichthyol and liquid paraffin.
ZAO
"MEDKHIM" has following certificates:
ООО ТPK
"Betta"- INN: 6312048150; Samara. He is the managing director and
the owner of 100% of share capital of the company. In 2013: 11 400 RUB.
|
|
Bank relations |
ROSSELKHOZBANK: |
|
A. The enclosed balance of 2011 is originated
from official source, no data available about authentication. (31.12.2011 -
1000 RUB) - Warning! The figures stated in the balance sheet may contain
error(s). |
|||
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Balance |
A 31.12.2011 |
B 31.12.2012 |
|
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1. ASSETS |
|
|
|
|
I. FIXED ASSETS |
|
|
|
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Intangible assets |
105 |
99 |
|
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The results of research and development |
0 |
0 |
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Intangible research assets |
0 |
0 |
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Tangible research assets |
0 |
0 |
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Fixed assets |
23 170 |
33 540 |
|
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Profitable investments in tangible assets |
0 |
0 |
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Financial investments |
0 |
0 |
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Deferred tax assets |
0 |
0 |
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Other non-current assets |
0 |
0 |
|
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TOTAL IN SECTION I. |
23 275 |
33 639 |
|
|
II. CURRENT ASSETS |
|
|
|
|
Inventories |
142 901 |
110 431 |
|
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VAT on acquired assets |
1 595 |
947 |
|
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Accounts receivable |
39 311 |
23 341 |
|
|
Financial investments (excluding the
monetary equivalent) |
0 |
0 |
|
|
Cash and monetary equivalents |
11 327 |
37 195 |
|
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Other current assets |
664 |
2 570 |
|
|
TOTAL IN SECTION II. |
195 798 |
174 484 |
|
|
BALANCE |
219 073 |
208 123 |
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2. LIABILITIES |
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|
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III. CAPITAL AND RESERVES |
|
|
|
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Authorized capital (share capital, charter
capital, deposits capital, partners capital) |
40 000 |
40 000 |
|
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Treasury stock |
0 |
0 |
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Revaluation of fixed assets |
0 |
0 |
|
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Additional capital (without revaluation) |
0 |
0 |
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Reserve capital |
384 |
474 |
|
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Retained earnings (uncovered loss) |
12 965 |
13 591 |
|
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TOTAL IN SECTION III. |
53 349 |
54 065 |
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IV. LONG-TERM LIABILITIES |
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Borrowed funds |
0 |
0 |
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Deferred tax liabilities |
0 |
0 |
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Provisions |
0 |
0 |
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Other liabilities |
0 |
0 |
|
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TOTAL IN SECTION IV. |
0 |
0 |
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V. SHORT-TERM LIABILITIES |
|
|
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Borrowed funds |
150 000 |
117 112 |
|
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Payables |
15 205 |
34 703 |
|
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Deferred income |
0 |
2 243 |
|
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Provisions |
0 |
0 |
|
|
Sonstige Verbindlichkeiten |
519 |
0 |
|
|
TOTAL IN SECTION V. |
165 724 |
154 058 |
|
|
BALANCE |
219 073 |
208 123 |
|
|
A. The enclosed profit and loss account of 2011 is originated from
official source, no data available about authentication. (31.12.2011 - 1000
RUB) |
|||
|
profit and loss account |
A 31.12.2011 |
B 31.12.2012 |
|
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Turnover |
323 273 |
290 313 |
|
|
Cost of sales |
269 340 |
245 644 |
|
|
Gross profit (loss) |
53 933 |
44 669 |
|
|
Selling expenses |
14 261 |
10 410 |
|
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Administrative expenses |
17 053 |
15 315 |
|
|
Sales profit (loss) |
22 619 |
18 944 |
|
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Earnings from other entities |
0 |
0 |
|
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Interest receivable |
0 |
0 |
|
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Interest payable |
0 |
0 |
|
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Other operating income |
4 971 |
4 083 |
|
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Other operating expenses |
24 097 |
21 457 |
|
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Profit (loss) before tax |
3 493 |
1 570 |
|
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Current profit tax |
805 |
314 |
|
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Permanent tax liabilities (assets) |
0 |
0 |
|
|
Change in deferred tax liabilities |
0 |
0 |
|
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Change in deferred tax assets |
0 |
0 |
|
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Different |
0 |
10 |
|
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Net profit (loss) |
2 688 |
1 246 |
|
|
Results of fixed assets revaluation,
non-includedin net profit/loss for period |
0 |
0 |
|
|
Result of other transactions, non included
in net profit/loss for period |
0 |
0 |
|
|
Total financial result for period |
2 688 |
1 246 |
|
|
Ratios
|
2011 |
2012 |
|
Quick ratio |
0,31 |
0,4 |
|
Current ratio |
0,93 |
0,99 |
|
Average Collection Period |
22,19 |
39,38 |
|
Payables turnover Period |
10,3 |
37,08 |
|
Debt ratio |
0,76 |
0,74 |
|
Equity to total assets ratio |
0,24 |
0,26 |
|
Funding ratio |
0,32 |
0,36 |
|
Return on sales |
0,83 |
0,43 |
|
Return on Assets |
1,59 |
0,75 |
|
Return on Equity |
n/a |
2,32 |
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.