MIRA INFORM REPORT

 

 

Report Date :

09.08.2014

 

IDENTIFICATION DETAILS

 

Name :

OOO MCHF

 

 

Registered Office :

Ul Borovaya d 3, 111020 g Moskva

 

 

Country :

Russia

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

07.04.1998

 

 

Com. Reg. No.:

1027700037573

 

 

Legal Form :

Limited liability companies

 

 

Line of Business :

·         General construction of buildings and civil engineering works

·         Maintenance and repair of motor vehicles

·         Wholesale of coffee

 

 

No. of Employees

Not Available

 

 

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 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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Russia

A2

B1

 

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 towards a more market-based and globally-integrated economy, but stalling as a partially reformed, statist economy with a high concentration of wealth in officials' hands. 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%. In 2014, following Russia's military intervention in Ukraine, prospects for economic growth declined further, with expections that GDP growth could drop as low as zero

 

Source : CIA

Company name and address

 

OOO "MCHF"

 

ul Borovaya d 3,

111020 g Moskva

 

Tel: 74959182467

E-Mail: moschay.3600010@gmail.com

Web: www.moschay.ru

 

 

Company summary

 

Legal form         Limited liability companies (OOO)                                              

Established on  07/04/1998 - Limited liability companies (OOO)                 

Registered on   18/07/2002, Upravlenie Ministerstva Rossiyskoy Federatsii po   

nalogam i sboram po g.Moskve, RegNr.: 1027700037573

Tax number: 7722146516

Statistical number: 18406694

 

Registered                                          RUB        19 877 153,-    

capital                                                                        

 

Owner           Zakrytaya aktsionernaya kompaniya   %                100    

                s ogranichennoy otvetstvennostyu                                

                YU-Vi-Si Limited                                               

                Kapatakis bilding,Nausis 1, 6018                               

                Larnakas, Cyprus                                                

 

Sole Executive               Andrey Anatolevich Ostryagin                                   

Body                             Managing director                                              

General data                  Main activity:                                                  

             

    Letting of own property                                  (70.2)

                Full name:                                                     

                Obshchestvo s ogranichennoy otvetstvennostyu "Moskovskaya chaynaya fabrika"

                Name in foreign language:                                      

                Moscow Tea Factory Limited                                     

                Short name:                                                    

                OOO "MCHF"                                                     

                                                                               

                Residence address:                                             

                ul Borovaya d 3, 111020 g Moskva                               

                Tel:                                                           

                74959182467                                                    

                E-Mail:                                                         

                moschay.3600010@gmail.com                                      

                Web:                                                           

                www.moschay.ru                                                  

                 The main activity of OOO “Moskovskaya chaybaya fabrika” is    

                production of tea.                                             

                                                                                

                 The subject produces following tea brands: “Nikitin”, “¹36”,  

                “Ataman”  and supply its products all over the Russia as well  

                to Europe, USA and CIS countries.                               

Other          

activities     

                :                                                              

                Printing n.e.c.                                         (22.22)

                General construction of buildings and civil             (45.21)

                engineering works                                              

                Maintenance and repair of motor vehicles                (50.20)

                Agents involved in the sale of a variety of             (51.19)

                goods                                                          

                Wholesale of coffee                                     (51.37)

                Non-specialized wholesale of food                       (51.39)

                Other wholesale trade                                   (51.70)

                Other retail sale in non-specialized stores             (52.12)

                Other retail sale of food                            (52.27.36)

                Other retail sale in specialized stores                 (52.48)

                Restaurants                                             (55.30)

                Activities of other transport agencies                  (63.40)

                Financial leasing                                       (65.21)

                Other financial intermediation n.e.c.                   (65.23)

                Real estate activities with own property                 (70.1)

                Real estate activities on a fee or contract              (70.3)

                basis                                                          

                Software consultancy and supply                         (72.20)

                Legal activities                                        (74.11)

                Market research and public opinion polling            (74.13.1)

                Advertising                                             (74.40)

                Other service activities n.e.c.                         (93.05)

 

Annual turnover

 

   31/12/2006      Enterprise turnover RUB       221 704 000,-    

                31/12/2007      Enterprise turnover RUB       205 018 000,-    

                31/12/2008      Enterprise turnover RUB       216 131 000,-    

                31/12/2009      Enterprise turnover RUB       315 230 000,-    

                31/12/2010      Enterprise turnover RUB       291 300 000,-    

                31/12/2011      Enterprise turnover RUB       123 001 000,-    

                31/12/2012      Enterprise turnover RUB       356 307 000,-    

                31/12/2013      Enterprise turnover RUB       595 331 000,-    

 

Remarks  According to the research, through the managing director of   

                OOO  “Moskovskaya chaybaya fabrika”, Andrey Anatolevich        

                Osryagin, the company is affiliated with following legal       

                persons:                                                       

                                                                                

                 OOO “MCHK” - INN: 7722547765; 111020, g. Moskva, ul.          

                Borovaya, d. 3. He is the managing director of the company.    

                                                                                

                 The affiliation through the managing director with other      

                legal subjects has not been revealed.                          

                                                                                

                 OOO “Moskovskaya chaybaya fabrika” had several state          

                contracts for the total sum:                                   

                In 2013: 3 367 615 RUB;                                         

                In 2010: 2 180 020 RUB;                                        

                In 2009: 207 845 RUB;                                          

                In 2008: 1 630 487 RUB.                                         

                The subject participated in court cases as claimant and        

                collected:                                                     

                In 2013: 145 850 RUB;                                          

                In 2012: 2 606 354.2 RUB;                                      

                In 2011: 142 031.36 RUB.                                       

                                                                               

                 According to the information, disclosed by the Federal Tax    

                Service,  OOO “Moskovskaya chaybaya fabrika” does not have tax 

                arrears, the  company is not going to be excluded from the     

                state register as non-active.                                  

                                                                               

                 According to the information, disclosed by the Pension Fund   

                of  Russian Federation, OOO “Moskovskaya chaybaya fabrika”     

                does not have delays in social payments.                       

                                                                               

                 According to the information, disclosed by the Federal Labor  

                Service,  OOO “Moskovskaya chaybaya fabrika” does not plan to  

                attract foreign employees.                                     

                                                                                

                 According to the research, OOO “Moskovskaya chaybaya fabrika” 

                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 “Moskovskaya chaybaya fabrika” is not in the list of      

                default  debtors, the Register of unfair suppliers, the        

                blacklist of Russian companies.  

           


Financial data

                 

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).                              

C. The enclosed balance of 2013 is originated from other source, no data       

available about authentication. (31.12.2013 - 1000 RUB) - Warning! The figures 

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

                          

 

 

BALANCE sheet

 

                           A 31.12.2011    B 31.12.2012    C 31.12.2013

1. ASSETS                                                                      

I. FIXED ASSETS                                                                

Intangible assets                           995           3 806           3 772

The results of research and                   0               0               0

development                                                                    

Intangible research assets                    0               0               0

Tangible research assets                      0               0               0

Fixed assets                            654 797       1 489 888       1 578 719

Profitable investments in                     0               0               0

tangible assets                                                                

Financial investments                     2 510           2 510           2 510

Deferred tax assets                      35 538          32 366               0

Other non-current assets                477 743           3 438               0

TOTAL IN SECTION I.                   1 171 583       1 532 008       1 626 461

II. CURRENT ASSETS                                                             

Inventories                               6 759          33 381          40 343

VAT on acquired assets                   10 604             329             141

Accounts receivable                     883 152         415 230         216 045

Financial investments                     8 050           4 667           4 667

(excluding the monetary                                                        

equivalent)                                                                    

Cash and monetary equivalents            28 339          64 599          74 371

Other current assets                      4 204           2 050           4 615

TOTAL IN SECTION II.                    941 108         520 257         340 181

BALANCE                               2 112 691       2 052 265       1 966 641

2. LIABILITIES                                                                 

III. CAPITAL AND RESERVES                                                      

Authorized capital (share                19 877          19 877          19 877

capital, charter capital,                                                      

deposits capital, partners                                                     

capital)                                                                        

Treasury stock                                0               0               0

Revaluation of fixed assets                   0               0               0

Additional capital (without                   0               0               0

revaluation)                                                                   

Reserve capital                               0               0               0

Retained earnings (uncovered           -149 179        -241 678        -458 049

loss)                                                                           

TOTAL IN SECTION III.                  -129 302        -221 801        -438 171

IV. LONG-TERM LIABILITIES                                                      

Borrowed funds                        2 095 769       1 804 809       1 812 059

Deferred tax liabilities                  4 232           1 630             705

Provisions                                    0               0               0

Other liabilities                             0               0               0

TOTAL IN SECTION IV.                  2 100 001       1 806 440       1 812 764

V. SHORT-TERM LIABILITIES                                                      

Borrowed funds                           20 077         376 162         536 192

Payables                                121 915          91 464          50 700

Deferred income                               0               0               0

Provisions                                    0               0           5 157

Sonstige Verbindlichkeiten                    0               0               0

TOTAL IN SECTION V.                     141 992         467 626         592 049

BALANCE                               2 112 691       2 052 265       1 966 641

 

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)        

C. The enclosed profit and loss account of 2013 is originated from other       

source, no data available about authentication. (31.12.2013 - 1000 RUB)        

 

 

PROFIT AND LOSS ACCOUNT           

 

A 31.12.2011    B 31.12.2012    C 31.12.2013

Turnover                                123 001         356 307         595 331

Cost of sales                            22 155          59 749         100 845

Gross profit (loss)                     100 846         296 558         494 484

Selling expenses                            594           7 127          24 569

Administrative expenses                 112 167         351 623         355 317

Sales profit (loss)                     -11 915         -62 192         114 598

Earnings from other entities                  0               0               0

Interest receivable                         572             546           1 969

Interest payable                         21 022         112 315         142 824

Other operating income                  894 511         425 248         200 845

Other operating expenses              1 042 844         343 155         398 737

Profit (loss) before tax               -180 698         -91 868        -224 149

Current profit tax                            0               0               0

Permanent tax liabilities                     0         -24 883               0

(assets)                                                                        

Change in deferred tax                   -2 001          -2 601             705

liabilities                                                                    

Change in deferred tax assets            30 624          -3 172               0

Different                                   238              59               0

Net profit (loss)                      -148 311         -92 498        -215 085

Results of fixed assets                       0               0               0

revaluation, non-includedin                                                    

net profit/loss for period                                                     

Result of other transactions,                 0               0               0

non included in net profit/                                                     

loss for period                                                                

Total financial result for             -148 311         -92 498        -215 085

period                                                                          

     

 

RATIOS

                                            2011    2012    2013

                              Quick ratio                6,48    1,04     0,5

                Current ratio              0,33    0,22    0,21

                Average Collection         1310     665     194

                Period                                         

                Payables turnover          1004     652     257

                Period                                         

                Debt ratio                 1,06    1,11    1,22

                Equity to total assets    -0,06   -0,11   -0,22

                ratio                                          

                Funding ratio             -0,06    -0,1   -0,18

                Return on sales         -120,58  -25,96  -36,13

                Return on Assets          -7,58    0,97   -4,24

                Return on Equity            n/a   52,69   65,18

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.56

UK Pound

1

Rs.103.50

Euro

1

Rs.82.41

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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.