|
Report Date : |
06.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
PUBLIC JOINT STOCK COMPANY "MELON FASHION GROUP" |
|
|
|
|
Registered Office : |
UL 10-Ya Krasnoarmeyskaya d 22 190103 G Sankt-Peterburg |
|
|
|
|
Country : |
Russia |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
27.12.2005 |
|
|
|
|
Com. Reg. No.: |
1057813298553 |
|
|
|
|
Legal Form : |
Public limited company |
|
|
|
|
Line of Business : |
Wholesale
of clothing and footwear |
|
|
|
|
No. of Employees |
2452 |
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 : |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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. Russia is one of the world's leading producers of oil and natural gas and is also a top exporter of metals such as steel and primary aluminum. Russia's manufacturing sector is generally uncompetitive on world markets and is geared toward domestic consumption. Russia's reliance on commodity exports makes it vulnerable to boom and bust cycles that follow the volatile swings in global prices. The economy, which had averaged 7% growth during 1998-2008 as oil prices rose rapidly, 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. Slowly declining oil prices over the past few years and difficulty attracting foreign direct investment have contributed to a noticeable slowdown in GDP growth rates. In late 2013, the Russian Economic Development Ministry reduced its growth forecast through 2030 to an average of only 2.5% per year, down from its previous forecast of 4.0 to 4.2%
|
Source
: CIA |
OAO ”MELON FESHN GRUP” Tel 78122404626
UL 10-ya KRASNOARMEYSKAYA d 22 E-Mail office@melonfashion.ru
190103 G SANKT-PETERBURG Web www.melonfashion.ru
Russia
Crefo Nr. 9491584070 Registration: MEZHRAYONNAYA INSPEKTSIYA
FNS ROSSII N 15 PO SANKTPETERBURGU
Statistical Nr. 79723322 Registration Nr. 1057813298553
Tax Nr. 7839326623 Status active
|
Business
connection |
Business
connection appears permissable. |
|
Terms
of payment |
Mostly
within agreed terms, partly dalays of payments / payment reminders. |
Legal form
Public limited company (OAO
Founded
27/12/2005 as Public limited company (OAO)
Registration
27/12/2005, MEZHRAYONNAYA INSPEKTSIYA FNS ROSSII N 15 PO SANKT-PETERBURGU, 1057813298553
Statistical Nr.: 79723322
Tax Nr.: 7839326623
|
Valid
from |
Short
name |
Valid
until |
|
|
OAO
"Melon Feshn Grup" |
|
|
Valid
from |
Full
name |
Valid
until |
|
|
Otkrytoe
aktsionernoe obshchestvo "Melon Feshn Grup" |
|
|
Valid
from |
Name
in foreign language |
Valid
until |
|
|
PUBLIC
JOINT STOCK COMPANY "MELON FASHION GROUP" |
|
|
Crefo
Nr. |
Name
/ Address / Status |
From |
Share |
|
Stockholders |
|||
|
9497484361
9497484361 |
I.G.M.MANUFAKTRAST
LIMITED VIRONOS
36 NIKOSIYA TAUER TSENTR 8 , 1506 g Nikosiya Cyprus |
|
35,28
% |
|
9497484364
9497484364 |
1st
Kepital Eksplorer Investments AB 11193,
1364 g Stokgolm Sweden |
|
29,62
% |
|
9497484365 9497484365 |
MFG
Intressenter AB 11193,
1364 g Stokgolm Sweden |
|
11,23
% |
|
9497484360
9497484360 |
Mikhail
Mikhaylovich Urzhumtsev |
|
6,37
% |
|
9497484362
9497484362 |
KHumarito
Limited Temistokli
Dervi,3 Dzhulia KHaus, 1066 g Nikosiya Cyprus |
|
6,34
% |
|
9497484358
9497484358 |
David
Gustav Kellerman |
|
4,17
% |
|
9497484359
9497484359 |
Galina
Genrikhovna Sintsova |
|
1,57
% |
Date Currency Value
22/05/2012 RUB 48 156 000
|
Crefo
Nr. |
Name
/ Address / Status |
Since Power of attorney |
|
Board
of directors |
||
|
9497484358 |
Member
of the board of directors David
Gustav Kellerman |
|
|
9497484359 |
Member
of the board of directors Galina
Genrikhovna Sintsova |
|
|
9497484369 |
Member
of the board of directors Kestutis
Sasnauskas |
|
|
9497484370 |
Member
of the board of directors KHerlin
Klas |
|
|
9497484368 |
Member
of the board of directors Kristel
Kinning |
|
|
9497484367 |
Member
of the board of directors Lennart
Dalgren |
|
|
9497484366 |
Member
of the board of directors Lilian
Biner |
|
|
Sole
Executive Body |
||
|
9514441596 |
Managing
director Polina
Olegovna Bakshaeva |
|
|
Crefo
Nr. |
Name
/ Address / Status |
Valid
from |
Share |
|
Owner |
|||
|
9493369308 |
LK
OOO "Pervomayskaya Zarya - Ostrov" Statistical
Nr.: 41584438 per
Zapadnyy d 12, 181350 g Ostrov Russia |
|
100% |
|
9492507620 |
OOO
"TAKSI.STIL" Statistical
Nr.: 81406630 UL
10 KRASNOARMEYSKAYA 22, 190103 G SANKT-PETERBURG
Russia |
|
100% |
|
Main
activity |
Nace |
|
Retail
sale of clothing |
52.42 |
|
Additional
activities |
Nace |
|
Manufacture
of other outerwear |
18.22.3 |
|
Wholesale
of clothing and footwear |
51.42 |
|
Retail
sale via mail order houses |
52.61.2 |
|
Freight
transport by road |
60.24.3 |
|
Letting
of own property |
70.20.2 |
|
Renting
of office machinery and equipment |
71.33 |
|
Renting
of other machinery and equipment n.e.c. |
71.34.7 |
|
Other
business activities not elsewhere classified |
74.84 |
The main activity of OAO \Melon Feshn Grup" is the wholesale and \
retail trade of clothes. The company sells clothes under brands \
befree, ZARINA, LOVE REPUBLIC.
According to the information from open sources, OAO \Melon Feshn \
Grup" had 572 shops in Russia on the date 01.03.2014.
Turnover and Employees
|
Date |
Turnover |
Employees |
|
31/12/2006 |
1
196 064 000 RUB |
|
|
31/12/2007 |
1
398 682 000 RUB |
|
|
31/12/2008 |
2
132 458 000 RUB |
|
|
31/12/2009 |
3
051 729 000 RUB |
|
|
31/12/2010 |
4
622 430 000 RUB |
|
|
31/12/2011 |
6
263 775 000 RUB |
|
|
31/12/2012 |
8
207 745 000 RUB |
2452 |
|
Name |
Detail |
Currency |
Value |
|
office
premise |
Rented
property of the association ul 10-ya Krasnoarmeyskaya d 22, g Sankt-Peterburg
190103, Russia |
|
Unknown |
Remarks
Since
27.12.2005 the register of shareholders of OAO "Melon Feshn
Grup"
is held by a private non-state registrar:
ZAO
"Edinyi Registrator" - Reg. num.: 1027802488570.
The
information about shareholders is closed. List of shareholders
provided
in the report was formed according to the information from
last
published "List of affiliated persons" of company of 31.12.2013.
The
general director of the company was changed 23.01.2014 from
Urzhumcev
Mikhail Mikhailovich to Bakshaeva Polina Olegovna.
During
the research no affiliation of the subject with other entities
was
revealed through the general director, Bakshaeva Polina Olegovna.
The
company participated in court cases as claimant and collected
following
amount of debt:
In
2013: 324 899 RUB
According
to information, disclosed by the Federal Tax Service, OAO
"Melon
Feshn Grup" 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,
OAO "Melon Feshn Grup" does not have delays in social
payments.
According
to information, disclosed by the Federal Labor Service, OAO "Melon Feshn
Grup" does not plan to attract foreign employees. According to the
research, OAO "Melon Feshn Grup" does not meet the most frequently
encountered in practice characteristics of unreliable companies (so-called
"shell" companies), developed by the Federal Tax Service of Russian
Federation.
OAO
"Melon Feshn Grup" is not in the list of default debtors, the
Register
of unfair suppliers, the blacklist of Russian companies. The management of the
company is not in the list of default debtors, the register of disqualified
persons, the blacklist of Russian Private Persons.
|
Terms
of payment |
Mostly
within agreed terms, partly dalays of payments / payment reminders. |
|
Business
connection |
Business
connection appears permissable. |
|
Company
development |
Constant
company development. |
|
Business
course |
Satisfactory
order situation. |
|
Date |
Kind |
Code |
|
06/02/2012 |
Legal
debt collection procedure Date
of notification about starting the execution: 06/02/2012 A Debt capital : 328024 RUB Debt total: 328024 RUB
A40-24941/2012 |
16 |
|
06/02/2012 |
, Legal debt collection procedure A40-24941/2012 |
16 |
|
21/03/2012 |
Legal
debt collection procedure Debt
interest: 129080 RUB Debt total: 129080 RUB A56-14745/2012 |
16 |
|
04/09/2013 |
Legal
debt collection procedure Date
of notification about starting the execution: 04/09/2013 Debt capital :
17293559 RUB A Debt interest: 3802841 RUB Debt total: 21096400 RUB Debt
collection result: claim accepted / taken it to the production
A40-124346/2013 |
16 |
|
04/09/2013 |
, Legal debt collection procedure A40-124346/2013 |
16 |
|
04/02/2014 |
Legal
debt collection procedure Date
of notification about starting the execution: 04/02/2014 Debt capital :
6325025 RUB Debt total: 6325025 RUB Debt
collection result: claim accepted / taken it to the production A56-5256/2014 |
16 |
|
04/02/2014 |
Legal
debt collection procedure Date
of notification about starting the execution: 04/02/2014 Debt capital :
388588 RUB Debt total: 388588 RUB Debt
collection result: claim accepted / taken it to the production A40-14063/2014 |
16 |
|
04/02/2014 |
, Legal debt collection procedure A56-5256/2014 |
16 |
|
04/02/2014 |
, Legal debt collection procedure A40-14063/2014 |
16 |
|
26/02/2014 |
Legal
debt collection procedure Date
of notification about starting the execution: 26/02/2014 Debt capital :
800000 RUB Debt total: 800000 RUB Debt
collection result: claim accepted / taken it to the production A56-10737/2014 |
16 |
|
26/02/2014 |
, Legal debt collection procedure A56-10737/2014 |
16 |
|
Crefo
Nr. |
Name
/ Address / Status |
Since |
Power
of attorney |
|
Auditor |
|||
|
9491794535 |
ZAO
"PvK Audit" Statistical
Nr.: 11701065 ul
Butyrskiy Val d 10, g Moskva, 125047, Russia Tel:
9676000 Tel: 74959676000 Telefax: 9676001 |
|
|
31.12.2012 The enclosed balance of 2012 is originated from official source, no data available about authentication.
31.12.2011 The enclosed balance of 2011 is originated from official source, no data available about authentication
|
Name |
Ref. |
31/12/2012 1000 RUB
balance |
31/12/2011 1000 RUB
balance |
|
1.
ASSETS |
|
|
|
|
I.
FIXED ASSETS |
|
|
|
|
Intangible
assets |
1110 |
5
076 |
5
877 |
|
The
results of research and development |
1120 |
0 |
0 |
|
Intangible
research assets |
1130 |
0 |
0 |
|
Tangible
research assets |
1140 |
0 |
0 |
|
Fixed
assets |
1150 |
284
433 |
314415 |
|
Profitable
investments in tangible assets |
1160 |
579 |
827 |
|
Financial
investments |
1170 |
175
813 |
3
015 |
|
Deferred
tax assets |
1180 |
11
323 |
29
078 |
|
Other
non-current assets |
1190 |
179
201 |
144
159 |
|
TOTAL
IN SECTION I. |
1100 |
656
425 |
497
371 |
|
II.
CURRENT ASSETS |
|
||
|
Inventories |
1210 |
1
014 646 |
924
324 |
|
VAT
on acquired assets |
1220 |
1
753 |
176 |
|
Accounts
receivable |
1230 |
426
937 |
340
691 |
|
Financial
investments (excluding the monetary equivalent) |
1240 |
8
231 |
152
612 |
|
Cash
and monetary equivalents |
1250 |
368
828 |
104
238 |
|
Other
current assets |
1260 |
14
580 |
7
219 |
|
Name |
Ref. |
31/12/2012 1000 RUB
balance |
31/12/2011 1000 RUB
balance |
|
TOTAL
IN SECTION II. |
1200 |
1
834 975 |
1
529 260 |
|
BALANCE |
1600 |
2
491 400 |
2
026 631 |
|
2.
LIABILITIES |
|
||
|
III.
CAPITAL AND RESERVES |
|
||
|
Authorized
capital (share capital, charter capital, deposits capital, partners capital) |
1310 |
48
156 |
46
754 |
|
Treasury
stock |
1320 |
0 |
0 |
|
Revaluation
of fixed assets |
1340 |
0 |
0 |
|
Additional
capital (without revaluation) |
1350 |
608
013 |
579
738 |
|
Reserve
capital |
1360 |
2
338 |
2
338 |
|
Retained
earnings (uncovered loss) |
1370 |
839
853 |
242
903 |
|
TOTAL
IN SECTION III. |
1300 |
1
498 360 |
871
733 |
|
IV.
LONG-TERM LIABILITIES |
|
||
|
Borrowed
funds |
1410 |
0 |
0 |
|
Deferred
tax liabilities |
1420 |
20
933 |
20
170 |
|
Provisions |
1430 |
0 |
0 |
|
Other
liabilities |
1450 |
0 |
0 |
|
TOTAL
IN SECTION IV. |
1400 |
20
933 |
20
170 |
|
V. SHORT-TERM LIABILITIES |
|
||
|
Borrowed
funds |
1510 |
0 |
289
370 |
|
Payables |
1520 |
907
014 |
809
613 |
|
Deferred
income |
1530 |
2
289 |
1
692 |
|
Provisions |
1540 |
56
550 |
28
682 |
|
Sonstige
Verbindlichkeiten |
1550 |
6
254 |
5
371 |
|
TOTAL
IN SECTION V. |
1500 |
972
107 |
1
134 728 |
|
BALANCE |
1700 |
2
491 400 |
2
026 631 |
|
Name |
Ref. |
31/12/2012 1000 RUB profit
and loss account |
31/12/2011 1000 RUB profit
and loss account |
|
Turnover |
2110 |
8
207 745 |
6
263 775 |
|
Cost
of sales |
2120 |
3
392 146 |
2
667 088 |
|
Gross
profit (loss) |
2100 |
4
815 599 |
3
596 687 |
|
Selling
expenses |
2210 |
3
877 503 |
3
513105 |
|
Administrative
expenses |
2220 |
150
570 |
137
796 |
|
Sales
profit (loss) |
2200 |
787
526 |
-54
214 |
|
Earnings
from other entities |
2310 |
0 |
0 |
|
Interest
receivable |
2320 |
24
510 |
16
064 |
|
Interest
payable |
2330 |
26
974 |
19
022 |
|
Other
operating income |
2340 |
157
072 |
131
161 |
|
Other
operating expenses |
2350 |
181
210 |
195
239 |
|
Profit
(loss) before tax |
2300 |
760
924 |
-121
250 |
|
Current
profit tax |
2410 |
141
577 |
0 |
|
Permanent
tax liabilities (assets) |
2421 |
7
910 |
3
526 |
|
Change
in deferred tax liabilities |
2430 |
763 |
4
339 |
|
Change
in deferred tax assets |
2450 |
-17
755 |
25
063 |
|
Different |
2430 |
3
879 |
389 |
|
Net
profit (loss) |
2400 |
596
950 |
-100
915 |
|
Results
of fixed assets revaluation, non-includedin net profit/loss for period |
2510 |
0 |
0 |
|
Result
of other transactions, non included in net profit/loss for period |
2520 |
0 |
0 |
|
Total
financial result for period |
2500 |
596
950 |
-100
915 |
|
Name |
Ref. |
31/12/2012 |
31/12/2011 |
|
Quick
ratio |
1 |
0,88 |
0,54 |
|
Current
ratio |
2 |
1,54 |
1,08 |
|
Average
Collection Period |
3 |
17,07 |
9,93 |
|
Payables
turnover Period |
4 |
92,36 |
55,40 |
|
Debt
ratio |
5 |
0,40 |
0,57 |
|
Equity
to total assets ratio |
6 |
0,60 |
0,43 |
|
Funding
ratio |
7 |
1,60 |
0,78 |
|
Return
on sales |
8 |
7,27 |
-1,61 |
|
Return
on Assets |
9 |
30,64 |
-5,84 |
|
Return
on Equity |
10 |
50,37 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.32 |
|
|
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.