|
Report Date : |
14.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
POLYPLAST NORTH-WEST LIMITED LIABILITY COMPANY |
|
|
|
|
Registered Office : |
Kingisepp, Leningrad Region, 188480, |
|
|
|
|
Country : |
Russian Federation |
|
|
|
|
Financials (as on) : |
01.01.2012 |
|
|
|
|
Date of Incorporation : |
14.01.2003 |
|
|
|
|
Com. Reg. No.: |
1034701420049 |
|
|
|
|
Legal Form : |
OOO (Limited Liability Company by Russian Law) |
|
|
|
|
Line of Business : |
Manufacture and
sales of chemical additives. |
|
|
|
|
No. of Employees : |
370 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 : |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
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
|
Information |
The address and the telephone number
mentioned in your inquiry belong to the company Obschestvo s ogranichennoy
otvetstvennostyu "POLIPLAST SEVERO-ZAPAD" (name in English:
"POLYPLAST NORTH-WEST" LIMITED LIABILITY COMPANY). We provide the
report on this company. |
|
Original Name |
Obschestvo s ogranichennoy otvetstvennostyu
"POLIPLAST SEVERO-ZAPAD" |
|
Legal Form |
OOO (Limited Liability Company by Russian
Law) |
|
Year of Foundation |
2003 |
|
Sales |
756 096 th RUR for 12 months, ended 01.01.2012 |
|
Employees |
370 (approx.) on February, 12, 2013
(company's data) |
|
Original Name |
Obschestvo s ogranichennoy otvetstvennostyu
"POLIPLAST SEVERO-ZAPAD" |
|
Short Name |
OOO "POLIPLAST SEVERO-ZAPAD" |
|
Name in English |
"POLYPLAST NORTH-WEST" LIMITED
LIABILITY COMPANY |
|
Address |
promzona "FOSFORIT", Kingisepp,
Leningrad Region, 188480, Russian Federation |
|
Legal Address |
Kingisepp, Leningrad Region, 188480,
Russian Federation |
|
Phone |
+7 (813) 7596100, 7526998 |
|
Fax |
+7 (813) 7596100, 7526998 |
|
E-mail |
|
|
WEB Address |
|
|
|
|
|
History |
20.04.2004: change of name from OOO
"POLIPLAST" |
|
Legal Form |
OOO (Limited Liability Company by Russian
Law) |
|
Date of Registration |
14.01.2003 |
|
Registration Number |
1034701420049 |
|
Statistic Code (OKPO) |
11186083 |
|
Taxpayer Code (INN) |
4707019370 |
|
Registration Authority |
Ministry for Taxes and Duties of Russian
Federation |
|
Information |
The company Obschestvo s ogranichennoy
otvetstvennostyu "POLIPLAST SEVERO-ZAPAD" was not included in the
published list of bankrupt companies. |
|
Current Share Capital |
146 688 496 RUR |
|
Total |
1 legal person |
|
|
|
|
Shareholder |
OAO "POLIPLAST" |
|
Address |
M. Semenovskaya str., 11A, bldg. 4, Moscow,
107023, Russian Federation |
|
Registration Number |
1037739322598 |
|
Taxpayer Code (INN) |
7708186108 |
|
Share |
100 % |
|
Director |
Mr Velizhanin Aleksey Aleksandrovich |
|
|
Signature Right |
|
Nationality |
Russian Federation |
|
Taxpayer Code (INN) |
662500168916 |
|
Date of Registration |
14.01.2003 |
|
|
(Entering into the Single State Register of
Legal Entities) |
|
Registration Number |
1034701420049 |
|
Registration Authority |
Ministry for Taxes and Duties of Russian
Federation |
|
|
|
|
Date of Re-registration |
20.04.2004 |
|
File Number |
2044701421092 |
|
Registration Authority |
Ministry for Taxes and Duties of Russian
Federation |
|
Changes |
Name |
|
|
|
|
Date of Re-registration |
08.09.2005 |
|
File Number |
2054700336865 |
|
Registration Authority |
Federal Tax Service of Russian Federation |
|
Changes |
Company's Rules |
|
|
|
|
Date of Re-registration |
04.10.2005 |
|
File Number |
2054700337349 |
|
Registration Authority |
Federal Tax Service of Russian Federation |
|
Changes |
Company's Rules |
|
|
|
|
Date of Re-registration |
14.11.2005 |
|
File Number |
2054700338592 |
|
Registration Authority |
Federal Tax Service of Russian Federation |
|
Changes |
Company's Rules |
|
|
|
|
Date of Re-registration |
01.12.2005 |
|
File Number |
2054700339220 |
|
Registration Authority |
Federal Tax Service of Russian Federation |
|
Changes |
Company's Rules |
|
|
|
|
Date of Re-registration |
18.08.2006 |
|
File Number |
2064707016482 |
|
Registration Authority |
Federal Tax Service of Russian Federation |
|
Changes |
Company's Rules |
|
|
|
|
Date of Re-registration |
11.10.2007 |
|
File Number |
2074707026172 |
|
Registration Authority |
Federal Tax Service of Russian Federation |
|
Changes |
Company's Rules |
|
|
|
|
Date of Re-registration |
30.06.2008 |
|
File Number |
2084707051284 |
|
Registration Authority |
Federal Tax Service of Russian Federation |
|
Changes |
Company's Rules |
|
|
|
|
Date of Re-registration |
27.10.2008 |
|
File Number |
2084707055838 |
|
Registration Authority |
Federal Tax Service of Russian Federation |
|
Changes |
Company's Rules |
|
|
|
|
Date of Re-registration |
24.11.2009 |
|
File Number |
2094707022826 |
|
Registration Authority |
Federal Tax Service of Russian Federation |
|
Changes |
Company's Rules |
|
Activities |
Manufacture and
sales of chemical additives. |
|
|
|
|
Staff Employed |
370 (approx.) on February, 12, 2013
(company's data) |
|
Own |
Office,
warehouse, industrial area |
|
|
|
|
Rent |
None |
|
Export Countries |
2011: Turkey,
Israel, Lebanon, Egypt, Germany, Cyprus, Brazil, Morocco, Poland, Italy,
Netherlands, Bulgaria, Republic of South Africa, Algeria, Iran, Syria, Greece,
United Arab Emirates, Bahrain, Vietnam, Jordan, Romania, France |
|
Exported Goods |
chemical production, packing |
|
Export Value |
in 2011: 13 716
041 USD |
|
|
|
|
Import Countries |
2011: China,
Ukraine, Finland, Estonia |
|
Imported Goods |
cement, chemical production, equipment |
|
Import Value |
in 2011: 852
682 USD |
|
Branch |
None |
|
Information |
None |
|
Information |
The company OAO
"POLIPLAST" is also a shareholder of companies: |
|
Bank |
OAO BANK "TAVRICHESKIY", Kingisepp
branch, bank code: 044106793 (Russian Federation) |
|
Account(s) |
40702810103000000351 (RUR) |
|
|
|
|
Bank |
SEVERO-ZAPADNYY BANK SBERBANKA ROSSIYSKOY
FEDERATSII, bank code: 044030653 (Russian Federation) |
|
Account(s) |
40702810155300176413 (RUR) |
|
|
|
|
Bank |
OOO "RAYFFAYZENBANK" (Russian
Federation) |
|
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 |
756096 |
694451 |
585382 |
543238 |
|
Cost of Goods sold |
570364 |
540780 |
407832 |
413536 |
|
GROSS PROFIT |
185732 |
153671 |
177550 |
129702 |
|
Distribution Costs |
70012 |
50187 |
39309 |
41397 |
|
Management Costs |
56899 |
36351 |
55402 |
43220 |
|
OPERATING PROFIT |
58821 |
67133 |
82839 |
45085 |
|
Non Trading Income |
-46242 |
-54161 |
-55400 |
-19830 |
|
PRE TAX PROFIT |
12579 |
12972 |
27439 |
25255 |
|
Taxation |
3090 |
4164 |
6591 |
12218 |
|
PROFIT AFTER TAX |
9059 |
8611 |
16453 |
15096 |
|
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 |
344063 |
354264 |
337703 |
282335 |
|
Intangible Assets |
|
|
|
|
|
Fixed Assets |
339312 |
299858 |
257442 |
157065 |
|
TOTAL CURRENT ASSETS |
267658 |
254794 |
192029 |
216856 |
|
Stock |
70315 |
51403 |
53167 |
58169 |
|
Trade debtors |
186670 |
185643 |
118615 |
106150 |
|
Cash |
3577 |
5254 |
2876 |
6867 |
|
TOTAL ASSETS |
611721 |
609058 |
529732 |
499191 |
|
|
|
|
|
|
|
TOTAL EQUITY |
212254 |
203195 |
194583 |
178130 |
|
Share Capital |
146688 |
146688 |
146688 |
146688 |
|
Retained Profits |
65566 |
56507 |
47895 |
31442 |
|
TOTAL LONG TERM LIABS |
272355 |
328365 |
224477 |
198403 |
|
Long Term Loans |
272355 |
328365 |
224477 |
198403 |
|
TOTAL CURRENT LIABS |
127112 |
77498 |
110672 |
122658 |
|
Short Term Loans |
58894 |
|
36551 |
54783 |
|
Short Term Trade Creditors |
67889 |
77498 |
74121 |
67875 |
|
TOTAL EQUITY & LIABS |
611721 |
609058 |
529732 |
499191 |
|
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 |
2,11 |
3,29 |
1,74 |
1,77 |
|
Working Capital, x1000 RUR |
140546 |
177296 |
81357 |
94198 |
|
Quick Ratio |
1,55 |
2,62 |
1,25 |
1,29 |
|
Debt to Equity Ratio |
1,88 |
2 |
1,72 |
1,8 |
|
Current Assets Turnover |
2,82 |
2,73 |
3,05 |
2,51 |
|
Total Assets Turnover Ratio |
1,24 |
1,14 |
1,11 |
1,09 |
|
Pre Tax Profit Margin, % |
1,66 |
1,87 |
4,69 |
4,65 |
|
Gross Profit, % |
24,56 |
22,13 |
30,33 |
23,88 |
|
Return on Investment, % |
5,93 |
6,38 |
14,1 |
14,18 |
|
Return on Assets, % |
2,06 |
2,13 |
5,18 |
5,06 |
|
Clients |
TILLMAN
CHEMICAL BUILDING MATERIALS (Netherlands) |
|
|
|
|
Suppliers |
OAO
"ZAPOROZHKOKS" (Ukraine) |
|
The information of Arbitration court of Moscow
about judicial claims is presented |
|
|
|
Date of registration |
02.11.2012 |
|
Registration number |
A13-12861/2012 |
|
Plaintiff |
OOO "POLIPLAST SEVERO-ZAPAD" |
|
Defendant |
OOO EKOBETON |
|
Claim sum |
45 746 RUR |
|
Claim category |
Default of obligations under the contract |
|
Date of registration |
31.10.2012 |
|
Registration number |
A56-65529/2012 |
|
Plaintiff |
OOO "POLIPLAST SEVERO-ZAPAD" |
|
Defendant |
OOO ROSTRANSOYL |
|
Claim sum |
210 930 RUR |
|
Claim category |
Default of obligations under the contract |
|
Date of registration |
31.08.2012 |
|
Registration number |
A56-52889/2012 |
|
Plaintiff |
OOO "POLIPLAST SEVERO-ZAPAD" |
|
Defendant |
ZAO BETON PLYUS |
|
Claim sum |
116 403 RUR |
|
Claim category |
Default of obligations under the contract |
|
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 Velizhanin Aleksey Aleksandrovich (as
private person) does't have not paid taxes. |
(Russian Accounting Report in English)
|
Balance Sheet |
|
The following figures
are shown in units of 1000 |
|
|
Line code |
as at |
as at |
as at |
|
|
|
|
|
|
|
I. NON-CURRENT ASSETS |
|
|
|
|
|
Intangible assets |
110 |
- |
- |
- |
|
Fixed assets |
120 |
257442 |
299858 |
339312 |
|
Construction in progress |
130 |
76687 |
51028 |
- |
|
Income-bearing investments in tangible
assets |
135 |
- |
- |
- |
|
Long-term financial investments |
140 |
25 |
25 |
25 |
|
Deferred tax assets |
145 |
3549 |
3353 |
2921 |
|
Other non-current assets |
150 |
- |
- |
- |
|
Total section I |
190 |
337703 |
354264 |
344063 |
|
II. CURRENT ASSETS |
|
|
|
|
|
Inventories |
210 |
53167 |
51403 |
70315 |
|
including : |
|
|
|
|
|
raw materials and other inventories |
211 |
16975 |
37524 |
- |
|
livestock |
212 |
- |
- |
- |
|
work in progress |
213 |
6752 |
3364 |
- |
|
finished goods and goods for resale |
214 |
28941 |
9616 |
- |
|
goods dispatched |
215 |
- |
- |
- |
|
expenses related to future periods |
216 |
499 |
899 |
- |
|
other supplies and expenditures |
217 |
- |
- |
- |
|
Value added tax on purchased goods |
220 |
17313 |
12436 |
7096 |
|
Accounts receivable (payments expected
beyond 12 months after the reporting date) |
230 |
- |
- |
- |
|
including : |
|
|
|
|
|
buyers and customers |
231 |
- |
- |
- |
|
Accounts receivable (payments expected
within 12 months after the reporting date) |
240 |
118615 |
185643 |
186670 |
|
including : |
|
|
|
|
|
buyers and customers |
241 |
72777 |
147203 |
- |
|
Short-term investments |
250 |
- |
- |
- |
|
Monetary assets |
260 |
2876 |
5254 |
3577 |
|
Other current assets |
270 |
58 |
58 |
- |
|
Total section II |
290 |
192029 |
254794 |
267658 |
|
TOTAL SECTIONS I and II |
300 |
529732 |
609058 |
611721 |
|
|
|
|
|
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
III. EQUITY AND RESERVES |
|
|
|
|
|
Share capital |
410 |
146688 |
146688 |
146688 |
|
Treasury shares |
411 |
- |
- |
- |
|
Additional capital |
420 |
- |
- |
- |
|
Legal reserve |
430 |
- |
- |
- |
|
including : |
|
|
|
|
|
reserves and provisions formed in |
431 |
- |
- |
- |
|
reserves formed in accordance |
432 |
- |
- |
- |
|
Retained earnings (loss) |
470 |
47895 |
56507 |
65566 |
|
Total section III |
490 |
194583 |
203195 |
212254 |
|
IV. NON-CURRENT LIABILITIES |
|
|
|
|
|
Borrowings |
510 |
224477 |
328365 |
272355 |
|
Deferred tax liabilities |
515 |
- |
- |
- |
|
Other non-current liabilities |
520 |
- |
- |
- |
|
Total section IV |
590 |
224477 |
328365 |
272355 |
|
V. CURRENT LIABILITIES |
|
|
|
|
|
Borrowings |
610 |
36551 |
- |
58894 |
|
Accounts payable |
620 |
74121 |
77498 |
67889 |
|
including : |
|
|
|
|
|
suppliers and contractors |
621 |
46707 |
64172 |
- |
|
salaries payable |
622 |
2737 |
3845 |
- |
|
payable to state non-budget funds |
623 |
1320 |
1012 |
- |
|
taxes payable |
624 |
20461 |
6179 |
- |
|
other creditors |
625 |
2896 |
2290 |
- |
|
Dividends payable to participants
(shareholders) |
630 |
- |
- |
- |
|
Income of future periods |
640 |
- |
- |
- |
|
Reserves for future expenses |
650 |
- |
- |
- |
|
Other current liabilities |
660 |
- |
- |
- |
|
Total section V |
690 |
110672 |
77498 |
127112 |
|
TOTAL SECTIONS III,IV,V |
700 |
529732 |
609058 |
611721 |
|
PROFIT AND LOSS
ACCOUNT |
|
The following
figures are shown in units of 1000 |
|
|
Line code |
|
|
|
|
|
|
|
|
|
|
INCOME FROM AND EXPENSES ON ORDINARY ACTIVITIES |
|
|
|
|
|
Sale of goods, products, work, services
(less VAT, excise tax, other similar mandatory payments) |
010 |
756096 |
694451 |
585382 |
|
Cost of goods, products, work, services
sold |
020 |
570364 |
540780 |
407832 |
|
Gross profit |
029 |
185732 |
153671 |
177550 |
|
Selling expenses |
030 |
70012 |
50187 |
39309 |
|
Administrative expenses |
040 |
56899 |
36351 |
55402 |
|
Profit (loss) from operations |
050 |
58821 |
67133 |
82839 |
|
OTHER INCOME AND EXPENSES |
|
|
|
|
|
Interest income |
060 |
- |
- |
- |
|
Interest expenses |
070 |
20646 |
41042 |
50721 |
|
Income from investments in other companies |
080 |
- |
- |
- |
|
Other operating income |
090 |
446197 |
296651 |
282564 |
|
Other operating expenses |
100 |
471793 |
309770 |
287243 |
|
Non-operating income |
120 |
- |
- |
- |
|
Non-operating expenses |
130 |
- |
- |
- |
|
Profit (loss) before profit tax |
140 |
12579 |
12972 |
27439 |
|
Deferred tax assets |
141 |
-430 |
-197 |
-4395 |
|
Deferred tax liabilities |
142 |
- |
- |
- |
|
Current profit tax |
150 |
3090 |
4164 |
6591 |
|
Net profit (loss) for the reporting period |
190 |
9059 |
8611 |
16453 |
|
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.53.85 |
|
|
1 |
Rs.84.42 |
|
Euro |
1 |
Rs.72.40 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.