MIRA INFORM REPORT

 

 

Report Date :

28.04.2014

 

IDENTIFICATION DETAILS

 

Name :

OBSHCHESTVO S OGRANICHENNOY OTVETSTVENNOSTYU "VICHYUNAY-RUS"

 

 

Registered Office :

ul Mayakovskogo d 3b, 238758 Kaliningradskaya obl, g Sovetsk

 

 

Country :

Russia

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

28.06.2002

 

 

Com. Reg. No.:

1023902001947

 

 

Legal Form :

Limited Liability Companies

 

 

Line of Business :

Processing and preserving of fish and fish products

 

 

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 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Russia

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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

 

 

Company identification

 

OOO "Vichyunay Rus"

Tel

74016140700

ul Mayakovskogo d 3b

Telefax

74016140700

238758 Kaliningradskaya obl, g Sovetsk

E-Mail

office@vici-rus.com

Russia

Web

www.viciunaigroup.eu

 

 

Registration:      MEZHRAYONNAYA INSPEKTSIYA

N4 MNS PO KALININGRADSKOY OBLASTI

Statistical Nr.                51813165                      Registration Nr. 1023902001947

Tax Nr.                          3911008930                   Status               active

 

 

Economic situation

 

Business connection

Business connection appears permissable.

Terms of payment

As far as know, punctually.

 

 

Basic information

 

Legal form

Limited liability companies (OOO)

 

Founded

28/06/2002 as Limited liability companies (OOO)

 

Registration

02/10/2002, MEZHRAYONNAYA INSPEKTSIYA N4 MNS PO KALININGRADSKOY OBLASTI, 1023902001947

Statistical Nr.: 51813165

Tax Nr.: 3911008930

 

Registered names

Valid from                                  Short name                                                                               Valid until

OOO ”Vichyunay Rus”

Valid from                                  Brand name                                                                               Valid until

”COLUMBUS”

”ESVA”

”VICI”

Valid from                                  Full name                                                                                  Valid until

Obshchestvo s ogranichennoy otvetstvennostyu ”Vichyunay-Rus”

 

 


Owners and Capital

 

Crefo Nr.

Name / Address / Status

From

Share

Owner

9497523920 9497523920

ZAKRYTOE AKTSIONERNOE OBSHCHESTVO VICHYUNU GRUPE

PR-T V. KREVES 97, SAMOUPR. G KAUNAS Lithuania

 

100%

 

Registered capital

Date                                                     Currency                                   Value

31/12/2010                                            RUB                                         193 000 000                                         

 

 

Management

Crefo Nr.                                  Name / Address / Status                       Since               Power of attorney

Sole Executive Body

9497523934                               Managing director

Natalya Viktorovna Bakina

Tax Nr.: 391101518195

 

Company addresses

Valid from                                  Residence address                                                        Valid until

ul Mayakovskogo d 3b, 238758 Kaliningradskaya obl,

g Sovetsk, Russia

Tel: 74016140700

Telefax: 74016140700

E-Mail: office@vici-rus.com

Web: www.viciunaigroup.eu

 

 

Subsidiaries

 

Crefo Nr.                                   Name / Address / Status            Valid from                      Share

Owner

9496207657                               SPM                                         08/04/2011                    0 %

Statistical Nr.: 91442175

ul Krzhizhanovskogo d 14,

korp 3, 117218 g

Moskva Russia

 

 

Business activities

 

Main activity

Processing and preserving of fish and fish products

 


Additional activities

Wholesale of live animals

Wholesale of other food

Wholesale of other food

Freight transport by road

Storage and warehousing

Activities of other transport agencies

Advertising

 

OOO \VICHUNAI RUS" is a part of VICIUNAI GROUP. The main activity of \

OOO \VICHUNAI RUS" is production of fish products and crab sticks \

under the marks \VICI", \ESVA", \COLUMBUS".

 

 

Economic data

 

Turnover and Employees

Date

Turnover

Employees

31/12/2006

1 862 712 000 RUB

 

31/12/2007

2 306 738 000 RUB

 

31/12/2008

3 302 404 000 RUB

 

31/12/2009

3 550 871 000 RUB

 

31/12/2010

3 861 417 000 RUB

 

31/12/2011

4 602 929 000 RUB

 

31/12/2012

4 803 997 000 RUB

 

 

 

Properties

During the phone call the representative rejected to inform if business premises are rented or owned by the company.

 

 

Supplementary data

 

Remarks

According to the research, the affiliation through the director of

OOO “VICHUNAI-RUS”, Natalya Viktorovna Bakina, with other legal

persons has not been revealed.

OOO “VICHUNAI-RUS” participated in court cases as claimant and

collected the following amount of debt:

In 2013: 1 622 188,22 RUB.

It is important to note that general director of OOO “VICHUNAI-RUS”

was changed 08.04.2014 from Meishtas Vitautas to Natalya Viktorovna

Bakina.

According to information, disclosed by the Federal Tax Service, OOO

“VICHUNAI RUS” does not have tax arrears, the 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 “VICHUNAI RUS” does not have delays in social

payments.

According to information, disclosed by the Federal Labor Service, OOO

“VICHUNAI RUS” does not plan to attract foreign employees.

According to the research, OOO “VICHUNAI RUS” 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.

OOO “VICHUNAI RUS” 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.

 

 

Main indices

 

Payment experience and credit opinion

 

Terms of payment

As far as know, punctually.

Business connection

Business connection appears permissable.

 

Business development

 

Company development

Constant company development.

Business course

Good order situation.

 

Events

 

Date                                         Kind                                                                                                     

25/09/2012

Legal debt collection procedure

Debt capital : 318963 RUB

Debt total: 318963 RUB

A21-8730/2012

 

 

Balances

 

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

6 333

5 716

The results of research and development

1120

0

0

Intangible research assets

1130

0

0

Tangible research assets

1140

0

0

Fixed assets

1150

699 904

725128

Profitable investments in tangible assets

1160

0

0

Financial investments

1170

216 253

216 253

Deferred tax assets

1180

9 013

17 008

Other non-current assets

1190

4 697

17 280

TOTAL IN SECTION I.

1100

936 200

981 385

II. CURRENT ASSETS

 

Inventories

1210

959 228

867 810

VAT on acquired assets

1220

3 932

45 419

Accounts receivable

1230

1 463 005

1 217192

Financial investments (excluding the monetary equivalent)

1240

275 816

57 267

Cash and monetary equivalents

1250

14 052

17 312

Other current assets

1260

1 786

0

TOTAL IN SECTION II.

1200

2 717 819

2 205 000

BALANCE

1600

3 654 019

3 186 385

2. LIABILITIES

 

 

 

III. CAPITAL AND RESERVES

 

 

 

Authorized capital (share capital, charter capital, deposits capital, partners capital)

1310

193 000

193 000

Treasury stock

1320

0

0

Revaluation of fixed assets

1340

9 100

9 100

Additional capital (without revaluation)

1350

2

2

Reserve capital

1360

0

0

Retained earnings (uncovered loss)

1370

775 384

586 164

TOTAL IN SECTION III.

1300

977 486

788 266

IV. LONG-TERM LIABILITIES

 

Borrowed funds

1410

490 000

484 500

Deferred tax liabilities

1420

73 853

69 433

Provisions

1430

0

0

Other liabilities

1450

0

32 287

TOTAL IN SECTION IV.

1400

563 853

586 220

V. SHORT-TERM LIABILITIES

 

Borrowed funds

1510

1 229 909

1 052184

Payables

1520

867 101

748 430

Deferred income

1530

0

0

Provisions

1540

15 669

11 284

Sonstige Verbindlichkeiten

1550

0

0

TOTAL IN SECTION V.

1500

2 112 680

1 811 898

BALANCE

1700

3 654 019

3 186 385

 

 


Profit and loss accounts

 

31.12.2012 The enclosed profit and loss account of 2012 is originated from official source, no data available about authentication.

31.12.2011 The enclosed profit and loss account of 2011 is originated from official source, no data available about authentication.

 

Name

Ref.

31/12/2012

1000

RUB

profit and loss account

31/12/2011

1000

RUB

profit and loss account

Turnover

2110

4 803 997

4 602 929

Cost of sales

2120

4 078 037

3 844 761

Gross profit (loss)

2100

725 960

758168

Selling expenses

2210

356 618

376 231

Administrative expenses

2220

47 590

35 953

Sales profit (loss)

2200

321 752

345 984

Earnings from other entities

2310

0

0

Interest receivable

2320

3 662

10 470

Interest payable

2330

150 976

126 781

Other operating income

2340

526 989

424 630

Other operating expenses

2350

463 260

418 359

Profit (loss) before tax

2300

238 167

235 944

Current profit tax

2410

36 534

43 397

Permanent tax liabilities (assets)

2421

1 315

8 499

Change in deferred tax liabilities

2430

4 420

11 797

Change in deferred tax assets

2450

-7 994

8 565

Different

2430

0

0

Net profit (loss)

2400

189 219

189 315

Results of fixed assets revaluation, non-includedin net profit/loss for period

2510

0

9 100

Result of other transactions, non included in net profit/loss for period

2520

0

0

Total financial result for period

2500

189 219

198 415

 

 

Financial Ratios

 

Name

Ref.

31/12/2012

31/12/2011

Quick ratio

1

0,84

0,72

Current ratio

2

0,60

0,52

Average Collection Period

3

101,82

48,26

Payables turnover Period

4

72,30

35,53

Debt ratio

5

0,73

0,75

Equity to total assets ratio

6

0,27

0,25

Funding ratio

7

0,37

0,33

Return on sales

8

3,94

4,11

Return on Assets

9

10,55

11,06

Return on Equity

10

21,43

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.12

UK Pound

1

Rs.102.71

Euro

1

Rs.84.52

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

NNA

 

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.