|
Report Date : |
16.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
NORTH LIMITED LIABILITY COMPANY |
|
|
|
|
Registered Office : |
2-nd
Tverskaya-Yamskaya str., 14, Moscow, 125047 |
|
|
|
|
Country : |
Russian
Federation |
|
|
|
|
Financials (as on) : |
01.01.2008 |
|
|
|
|
Date of Incorporation : |
27.10.2006 |
|
|
|
|
Com. Reg. No.: |
1067758782200 |
|
|
|
|
Legal Form : |
OOO (Limited
Liability Company by Russian Law) |
|
|
|
|
Line of Business : |
Sales of scrap ferrous and non-ferrous metals. |
|
|
|
|
No. of Employees : |
20 Approximately |
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 |
|
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 |
According to
the data of the State Register of Legal Entities of Russian Federation the
company TYOR Russia hasn't been registered. |
|
Original Name |
Obschestvo s ogranichennoy otvetstvennostyu
"SEVER" |
|
Legal Form |
OOO (Limited Liability Company by Russian
Law) |
|
Year of Foundation |
2006 |
|
Sales |
7 065 th RUR for 12 months, ended
01.01.2008 |
|
Employees |
20 (approx.) on February, 12, 2013
(company's data) |
|
Original Name |
Obschestvo s ogranichennoy otvetstvennostyu
"SEVER" |
|
Short Name |
OOO "SEVER" |
|
Name in English |
"NORTH" LIMITED LIABILITY COMPANY |
|
Address |
2-nd
Tverskaya-Yamskaya str., 14, Moscow, 125047, Russian Federation |
|
Legal Address |
2-nd
Tverskaya-Yamskaya str., 14, Moscow, 125047, Russian Federation |
|
Phone |
+7 (985)
9989545 |
|
Fax |
+7 (495) 2292037 |
|
E-mail |
info@severmet.com |
|
WEB Address |
www.severmet.com |
|
|
|
|
History |
29.09.2008:
Legal Address changed from Verkhnyaya Radischevskaya str., 13, Moscow,
109240, Russian Federation |
|
Legal Form |
OOO (Limited Liability Company by Russian
Law) |
|
Date of Registration |
27.10.2006 |
|
Registration Number |
1067758782200 |
|
Statistic Code (OKPO) |
98171213 |
|
Taxpayer Code (INN) |
7709707836 |
|
Registration Authority |
Federal Tax Service of Russian Federation |
|
Information |
The company Obschestvo s ogranichennoy
otvetstvennostyu "SEVER" was not included in the published list of
bankrupt companies. |
|
Current Share Capital |
10 000 RUR |
|
Total |
1 private person |
|
|
|
|
Shareholder |
Mr Danchenkov Oleg Pavlovich |
|
Nationality |
Russian Federation |
|
Share |
100 % |
|
Director |
Ms Ignatik Lyubov' Valer'evna |
|
|
Signature Right |
|
Nationality |
Russian Federation |
|
Taxpayer Code (INN) |
183512264950 |
|
Date of Registration |
27.10.2006 |
|
|
(Entering into the Single State Register of
Legal Entities) |
|
Registration Number |
1067758782200 |
|
Registration Authority |
Federal Tax Service of Russian Federation |
|
|
|
|
Date of Re-registration |
18.01.2007 |
|
File Number |
2077746342551 |
|
Registration Authority |
Federal Tax Service of Russian Federation |
|
Changes |
Company's Rules |
|
|
|
|
Date of Re-registration |
06.02.2008 |
|
File Number |
6087746007200 |
|
Registration Authority |
Federal Tax Service of Russian Federation |
|
Changes |
Company's Rules |
|
|
|
|
Date of Re-registration |
29.09.2008 |
|
File Number |
2087762117848 |
|
Registration Authority |
Federal Tax Service of Russian Federation |
|
Changes |
Legal Address |
|
|
|
|
Date of Re-registration |
14.09.2009 |
|
File Number |
9097747274407 |
|
Registration Authority |
Federal Tax Service of Russian Federation |
|
Changes |
Company's Rules |
|
Activities |
Sales of scrap ferrous and non-ferrous
metals. |
|
|
|
|
Staff Employed |
20 (approx.) on February, 12, 2013
(company's data) |
|
Own |
None |
|
|
|
|
Rent |
Office |
|
Export Countries |
2008-2011, for 3 months 2012: No Export
Activity |
|
Exported Goods |
none |
|
Export Value |
none |
|
|
|
|
Import Countries |
2008-2011, for 3 months 2012: No Import
Activity |
|
Imported Goods |
none |
|
Import Value |
none |
|
Branch |
None |
|
Information |
None |
|
Information |
Mr Danchenkov
Oleg Pavlovich is also a shareholder of more than 20 companies, including: |
|
Profit and Loss
(extract) |
|
The following
figures are shown in units of 1000 |
|
Period, months |
12 |
12 |
|
|
|
Ended |
01.01.2008 |
01.01.2007 |
|
|
|
Currency |
RUR |
RUR |
|
|
|
SALES |
7065 |
|
|
|
|
Cost of Goods sold |
6483 |
|
|
|
|
GROSS PROFIT |
582 |
|
|
|
|
Distribution Costs |
1015 |
|
|
|
|
Management Costs |
316 |
|
|
|
|
OPERATING PROFIT |
-749 |
|
|
|
|
Non Trading Income |
-395 |
|
|
|
|
PRE TAX PROFIT |
-1144 |
|
|
|
|
Taxation |
|
|
|
|
|
PROFIT AFTER TAX |
-1144 |
|
|
|
|
Balance Sheet
(extract) |
|
The following figures
are shown in units of 1000 |
|
As at |
01.01.2008 |
01.01.2007 |
|
|
|
Currency |
RUR |
RUR |
|
|
|
TOTAL FIXED ASSETS |
2439 |
|
|
|
|
Intangible Assets |
6 |
|
|
|
|
Fixed Assets |
1667 |
|
|
|
|
TOTAL CURRENT ASSETS |
7879 |
10 |
|
|
|
Stock |
260 |
|
|
|
|
Trade debtors |
6617 |
10 |
|
|
|
Cash |
499 |
|
|
|
|
TOTAL ASSETS |
10318 |
10 |
|
|
|
|
|
|
|
|
|
TOTAL EQUITY |
-1133 |
10 |
|
|
|
Share Capital |
10 |
10 |
|
|
|
Retained Profits |
-1143 |
|
|
|
|
TOTAL LONG TERM LIABS |
|
|
|
|
|
Long Term Loans |
|
|
|
|
|
TOTAL CURRENT LIABS |
11451 |
|
|
|
|
Short Term Loans |
6226 |
|
|
|
|
Short Term Trade Creditors |
5224 |
|
|
|
|
TOTAL EQUITY & LIABS |
10318 |
10 |
|
|
|
Key Credit
Ratios |
|
The following
figures are shown as Ratios or Percentages |
|
Accounts Date |
01.01.2008 |
01.01.2007 |
|
|
|
Current Ratio |
0,69 |
|
|
|
|
Working Capital, x1000 RUR |
-3572 |
10 |
|
|
|
Quick Ratio |
0,67 |
|
|
|
|
Debt to Equity Ratio |
-10,11 |
|
|
|
|
Current Assets Turnover |
0,9 |
|
|
|
|
Total Assets Turnover Ratio |
0,68 |
|
|
|
|
Pre Tax Profit Margin, % |
-16,19 |
|
|
|
|
Gross Profit, % |
8,24 |
|
|
|
|
Return on Investment, % |
100,97 |
|
|
|
|
Return on Assets, % |
-11,09 |
|
|
|
|
|
|
|
|
|
(Russian Accounting Report in English)
|
Balance Sheet |
|
The following
figures are shown in units of 1000 |
|
|
Line code |
as at |
as at |
|
|
|
|
|
|
I. NON-CURRENT ASSETS |
|
|
|
|
Intangible assets |
110 |
- |
6 |
|
Fixed assets |
120 |
- |
1667 |
|
Construction in progress |
130 |
- |
765 |
|
Income-bearing investments in tangible
assets |
135 |
- |
- |
|
Long-term financial investments |
140 |
- |
- |
|
Deferred tax assets |
145 |
- |
- |
|
Other non-current assets |
150 |
- |
- |
|
Total section I |
190 |
- |
2439 |
|
II. CURRENT ASSETS |
|
|
|
|
Inventories |
210 |
- |
260 |
|
including : |
|
|
|
|
raw materials and other inventories |
211 |
- |
- |
|
livestock |
212 |
- |
- |
|
work in progress |
213 |
- |
- |
|
finished goods and goods for resale |
214 |
- |
33 |
|
goods dispatched |
215 |
- |
- |
|
expenses related to future periods |
216 |
- |
227 |
|
other supplies and expenditures |
217 |
- |
- |
|
Value added tax on purchased goods |
220 |
- |
2 |
|
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 |
10 |
6617 |
|
including : |
|
|
|
|
buyers and customers |
241 |
- |
891 |
|
Short-term investments |
250 |
- |
500 |
|
Monetary assets |
260 |
- |
499 |
|
Other current assets |
270 |
- |
- |
|
Total section II |
290 |
10 |
7879 |
|
TOTAL SECTIONS I and II |
300 |
10 |
10318 |
|
|
|
|
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
|
|
|
|
III. EQUITY AND RESERVES |
|
|
|
|
Share capital |
410 |
10 |
10 |
|
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 |
- |
-1143 |
|
Total section III |
490 |
10 |
-1133 |
|
IV. NON-CURRENT LIABILITIES |
|
|
|
|
Borrowings |
510 |
- |
- |
|
Deferred tax liabilities |
515 |
- |
- |
|
Other non-current liabilities |
520 |
- |
- |
|
Total section IV |
590 |
- |
- |
|
V. CURRENT LIABILITIES |
|
|
|
|
Borrowings |
610 |
- |
6226 |
|
Accounts payable |
620 |
- |
5224 |
|
including : |
|
|
|
|
suppliers and contractors |
621 |
- |
5156 |
|
salaries payable |
622 |
- |
42 |
|
payable to state non-budget funds |
623 |
- |
- |
|
taxes payable |
624 |
- |
22 |
|
other creditors |
625 |
- |
3 |
|
Dividends payable to participants
(shareholders) |
630 |
- |
- |
|
Income of future periods |
640 |
- |
- |
|
Reserves for future expenses |
650 |
- |
- |
|
Other current liabilities |
660 |
- |
- |
|
Total section V |
690 |
- |
11451 |
|
TOTAL SECTIONS III,IV,V |
700 |
10 |
10318 |
|
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 |
7065 |
- |
|
Cost of goods, products, work, services
sold |
020 |
6483 |
- |
|
Gross profit |
029 |
582 |
- |
|
Selling expenses |
030 |
1015 |
- |
|
Administrative expenses |
040 |
316 |
- |
|
Profit (loss) from operations |
050 |
-749 |
- |
|
OTHER INCOME AND EXPENSES |
|
|
|
|
Interest income |
060 |
- |
- |
|
Interest expenses |
070 |
156 |
- |
|
Income from investments in other companies |
080 |
- |
- |
|
Other operating income |
090 |
10735 |
- |
|
Other operating expenses |
100 |
10974 |
- |
|
Non-operating income |
120 |
- |
- |
|
Non-operating expenses |
130 |
- |
- |
|
Profit (loss) before profit tax |
140 |
-1144 |
- |
|
Deferred tax assets |
141 |
- |
- |
|
Deferred tax liabilities |
142 |
- |
- |
|
Current profit tax |
150 |
- |
- |
|
Net profit (loss) for the reporting period |
190 |
-1144 |
- |
|
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.53.99 |
|
|
1 |
Rs.83.72 |
|
Euro |
1 |
Rs.72.08 |
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.