MIRA INFORM REPORT

 

 

Report Date :

01.11.2013

 

IDENTIFICATION DETAILS

 

Name :

ANGSTREM TRADING COMPANY LTD

 

 

Registered Office :

UL Shotlandskaya 6, 198035 G Sankt-Peterburg               

 

 

Country :

Russia

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

30.04.1996

 

 

Legal Form :

Limited liability companies

 

 

Line of Business :

Wholesale of food 

 

 

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 – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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

 Company name and address

                                                                               

OOO "KOMPANIYA "ANGSTREM TREYDING"     

UL SHOTLANDSKAYA 6,                    

198035 G SANKT-PETERBURG               

                                                                                

Tel:        78123039390

Telefax: 78123039394

E-Mail: angstrem@angstrem.lek.ru

Web:    www.angstremgroup.ru

 

 

Company summary

 

Company                      Constant company development.                              

development                                                                     

 

Business course         

 

Satisfactory order situation.                             

 

Terms of payment                               

 

Mostly within agreed terms, in individual                 

 

cases dalays of payments / payment reminders.                  

 

Business                     

 

Business connection appears permissable.                 

connection                                                                     

 

Credit limit                    

 

RUB 19 700 000,-                                               

EUR 509 639,-      

                                         

Legal form                  

 

Limited liability companies (OOO)                                              

 

Established on                        

 

30/04/1996 - Limited liability companies (OOO)                 

Registered on   24/09/2002, INSPEKTSIYA MNS ROSSII PO KIROVSKOMU RAYONU SANKT-  PETERBURGA,

RegNr.: 1027802719218                              

Tax number: 7816108153                                          

 Statistical number: 33150217        

                          

Registered                                                                     RUB           350 000,-    

capital                                                                        

 

Owner               Kompaniya NAFG (SNG) LTD                 %                   100    

                        Prespas  2, 3 y etazh, kvfis 302,                              

                        1082 Nikosiya, Cyprus                                          

Employees        Tatyana Viktorovna Balatruk                                    

                        Director of accounting                                         

 

Sole Executive   VIKTOR VIKENTEVICH MESHKEVICH                                  

 

Body                President                                                       

 

General data    Main activity:                                                 

                        Wholesale of food                                       

 

              

Full name: 

                                                    

OOO "Kompaniya "ANGSTREM Treyding"

              

 

 Name in foreign language:   

                                  

               

ANGSTREM Trading Company Ltd                                   

               

Short name:   

                                                

              

 OOO "Kompaniya "ANGSTREM Treyding"                             

                                                                               

                Residence address:  

                                          

                UL SHOTLANDSKAYA 6, 198035 G SANKT-PETERBURG                   

                Tel:                                                           

                78123039390                                                     

                Telefax:                                                       

                78123039394                                                    

                E-Mail:                                                         

                angstrem@angstrem.lek.ru                                       

                Web:                                                           

                www.angstremgroup.ru                                            

 

 

OTHER ACTIVITIES     

                :                                                              

                                                Manufacture of other food products n.e.c.              

Annual turnover 31/12/2006      Enterprise turnover RUB              840 101 000,-    

                         31/12/2007      Enterprise turnover RUB             1 144 998 000,-    

                        31/12/2008      Enterprise turnover RUB              1 900 648 000,-    

                        31/12/2012      Enterprise turnover RUB              1 924 605 000,-    

 

Events,              30.08.2011 - Legal debt collection procedure                   

negative data                                                                  

 

 

Remark:                                                        

A50-17763/2011                                                 

               

                                                              

Remarks            The main activity of  OOO "Kompaniya "ANGSTREM                

Treyding" is   production and import of products. The subject is a member of  Group  of companies” Angstrem” – producer of grits and cereals. Also the  member of the Group is OOO “Angstrem” – distributor of “Angstrem” products. The Group produces products under the brand – “Natsional”.

 

During the phone call the representative informed, that the business  premise are owned by the company. The total space is more than 250 square meters.

During the research the following affiliation of the subject was  found though the managing director, Meshkevich Viktor Vikentevich (INN: 781005201545):

                        OOO "TTP                                                      

                        ASTON” – INN: 7805069706; g. SANKT-PETERBURG. He is the  owner 

                         of 7.50% of share capital and the managing director of the     

                         company. The company shares the same web-site with the         

                         subject.                                                       

                                                                                

OOO "Gosprodukt" – INN: 805291588; g. SANKT-PETERBURG. He is

the owner of 7.50% of share capital of the company.

                                                                               

OOO “Rosprodsoyuz” - INN: 7805388967; g. SANKT-PETERBURG. He

is the owner of 7.50% of share capital of the company.

                                                                               

OOO "BakaleyaServis" - INN: 7805385028; g. Moscow. He was the

owner  of 7.50% of share capital of the company. The company

was liquidated in 2012.

                                                                                                                                                                                                                   

OOO "Angstrem" – INN: 7805385028; g. SANKT-PETERBURG. He was

the owner of 7.50% of share capital of the company.

The subject participated in court case as claimant as

collected:

                        In 2011: 10 864 917 RUB.                                       

                                                                                

                        Acñording to information, disclosed by the Federal Tax        

                        Service, OOO  "Kompaniya "ANGSTREM                             

Treyding" does not have tax arrears, company is not going to be excluded from the state register as non-active.

According to information, disclosed by the Pension Fund of Russian  Federation, OOO "Kompaniya 

                        "ANGSTREM Treyding" does not have delays in social payments.   

                                                                               

OOO "Kompaniya "ANGSTREM Treyding" is not in the list of default  debtors, the Register of unfair suppliers, the blacklist of Russian companies.

 

The management of company is not in the list of default debtors, the  register of disqualified persons, the blacklist of Russian Private Persons.

                                                                               

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).      

                      

B. The enclosed balance of 2012 is originated from official source, no data    

available about authentication. (31.12.2012 - 1000 RUB) - Warning! The figures 

stated in the balance sheet may contain error(s).               

 

 

financial data

            

BALANCE                                 A 31.12.2011    B 31.12.2012               C

1. ASSETS                                                                      

I. FIXED ASSETS                                                                

Intangible assets                                   764             696                

The results of research and                   0                      0                

development                                                                    

Intangible research assets                      0                      0                

Tangible research assets                      0                       0                

Fixed assets                                                     45 949          39 791                

Profitable investments in                       0                      0                 

tangible assets                                                                

Financial investments                            0                      0                

Deferred tax assets                               0                      0                 

Other non-current assets                        0                       0                

TOTAL IN SECTION I.                           46 713          40 487                

 

II. CURRENT ASSETS                                                             

Inventories                                            264 965         267 552                

VAT on acquired assets                        0                       0                

Accounts receivable                              185 837         243 160                

Financial investments                            7 615          20 000                

(excluding the monetary                                                        

equivalent)                                                                    

Cash and monetary equivalents             6 292           7 508                

Other current assets                              896              23                

TOTAL IN SECTION II.                          465 605         538 243                

BALANCE                                              512 318         578 731                

 

2. LIABILITIES                                                                 

 

III. CAPITAL AND RESERVES                                                      

Authorized capital (share                        350             350                

capital, charter capital,                                                      

deposits capital, partners                                                     

capital)                                                                        

Treasury stock                                       0               0                

Revaluation of fixed assets                  79              79                

Additional capital (without                      0               0                 

revaluation)                                                                   

Reserve capital                                     19              19                

Retained earnings (uncovered                336 413         330 807                 

loss)                                                                          

TOTAL IN SECTION III.                         336 861         331 255                

 

IV. LONG-TERM LIABILITIES                                                      

Borrowed funds                                    41 500               0                

Deferred tax liabilities                            0                      0                

Provisions                                            0                       0                

Other liabilities                                      0                      0                

TOTAL IN SECTION IV.                          41 500               0                

V. SHORT-TERM LIABILITIES                                                      

Borrowed funds                                    45 500         147 500                

Payables                                              88 457          99 976                

Deferred income                                   0               0                

Provisions                                             0               0                

Sonstige Verbindlichkeiten                    0               0                

TOTAL IN SECTION V.                         133 957         247 476                

BALANCE                                              512 318         578 731                

 

A. The enclosed profit and loss account of 2011 is originated from official    

source, no data available about authentication. (31.12.2011 - 1000 RUB)    

   

B. The enclosed profit and loss account of 2012 is originated from official    

source, no data available about authentication. (31.12.2012 - 1000 RUB)  

    

PROFIT AND LOSS ACCOUNT            A 31.12.2011    B 31.12.2012               C

Turnover                                               2 294 532       1 924 605                

Cost of sales                                        1 783 201       1 391 165                

Gross profit (loss)                                 511 331         533 440                

Selling expenses                                   469 476         485 375                 

Administrative expenses                       0                      0                

Sales profit (loss)                                   41 855          48 065                

Earnings from other entities                  0                      0                 

Interest receivable                                  0                     837                

Interest payable                                      22 915           7 876                

Other operating income                         17 050           7 519                

Other operating expenses                      16 855          32 608                

Profit (loss) before tax                           19 135          15 937                

Current profit tax                                    3 894           3 323                

Permanent tax liabilities                         0               0                

(assets)                                                                       

Change in deferred tax                           0               0                

liabilities                                                                     

Change in deferred tax assets                 0               0                

Different                                               0               0                

Net profit (loss)                                     15 241          12 614                

Results of fixed assets                           0               0                

revaluation, non-includedin                                                    

net profit/loss for period                                                      

Result of other transactions,                 0               0                

non included in net profit/                                                    

loss for period                                                                 

Total financial result for                         15 241          12 614                

period                                                                         

                                                               

 

RATIOS                                     2011    2012

Quick ratio                                1,49    1,09

Current ratio                              2,09    1,19

Average Collection                    14,78   40,68

Period

Payables turnover                     9,05   24,72

Period

Debt ratio                                 0,34    0,43

Equity to total assets                0,66    0,57

ratio

Funding ratio                             1,92    1,34

Return on sales                          0,66    0,66

Return on Assets                       8,21    3,97

Return on Equity                       n/a    3,78

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.41

UK Pound

1

Rs.98.29

Euro

1

Rs.84.12

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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.