MIRA INFORM REPORT

 

 

Report Date :

04.12.2014

 

IDENTIFICATION DETAILS

 

Name :

ZAO VIFITEKH

 

 

Registered Office :

142279 Moskovskaya obl., Serpukhovskiy Rayon, Rabochiy Pos. Obolensk, Gnts Pm                  

 

 

Country :

Russia

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

02.06.1992

 

 

Com. Reg. No.:

1025007775484

 

 

Legal Form :

Closed and Joint Stock Companies (ZAO)

 

 

Line of Business :

Manufacturer of Pharmaceutical Preparations.

 

 

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 – 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 information

 

ZAO "VIFITEKH"                                                   

142279 Moskovskaya obl., Serpukhovskiy rayon, rabochiy pos. Obolensk, Gnts Pm, Russia               

Tel        74957161636

Telefax 74957161590

 

 

Crefo Nr.           9492832293      

Registration:     MEZHRAYONNAYA INSPEK-

TSIYA N 6 MNS ROSSII PO MOSKOVSKOY OBLASTI

Statistical Nr.    17491338         

Registration Nr. 1025007775484

Tax Nr.  5077012784      

Status active

 

 

Economic situation

 

Business connection    Business connection and credit are permissible.

Terms of payment        As far as know, punctually.

439 790                         EUR

 

Basic information

 

Legal form

Closed and joint-stock companies (ZAO)

 

Founded

02/06/1992 as Closed and joint-stock companies (ZAO)

 

Registration

30/12/2002, MEZHRAYONNAYA INSPEKTSIYA N 6 MNS ROSSII PO MOSKOVSKOY OBLASTI, 1025007775484

Statistical Nr.: 17491338

Tax Nr.: 5077012784

 

Registered names

Valid from                    Full name                                                         Valid until

Zakrytoe aktsionernoe obshchestvo ”VIFITEKH”

Valid from                    Short name                                                      Valid until

ZAO ”VIFITEKH”

 

Registered Capital

 

Date                             Currency                       Value

31/12/2010                    RUB                             4 400 000

 

Management   

Crefo Nr.

Name / Address / Status

Since            Power of attorney

Sole Executive Body

9508470608

Managing director

SERGEY ANDREEVICH POSTELNIKOV

 

 

Company address

 

Valid from

Residence address

Valid until

 

142279 Moskovskaya obl., Serpukhovskiy rayon, rabochiy pos. Obolensk, Gnts Pm, Russia

 

Valid from

Permanent address

Valid until

 

ul. Skobelevskaya d. 22, 117042 g. Moskva, Russia

Tel: 74957161636 Telefax: 74957161590

 

 

Business activities

 

Main activity

Nace

Manufacture of pharmaceutical preparations

24.42.1

 

 

Additional activities

Nace

Growing of cereals and other crops n.e.c.

01.11.8

Manufacture of pharmaceutical preparations

24.42.2

Wholesale of perfume and cosmetics

51.45

Dispensing chemists

52.31

Hardware consultancy

72.10

Software consultancy and supply

72.20

Maintenance and repair of office

72.50

Other computer related activities

72.60

Research and experimental development on natural sciences and engineering

73.10

 

Economic data

 

Turnover and Employees

 

Date

Turnover

31/12/2006

150 983 000 RUB

31/12/2007

201 039 000 RUB

31/12/2008

294 422 000 RUB

31/12/2009

448 273 000 RUB

31/12/2010

443 442 000 RUB

31/12/2011

572 975 000 RUB

31/12/2012

613 243 000 RUB

31/12/2013

719 141 000 RUB

 

Supplementary data

 

Remarks          

As open source inform, ZAO "Vifitekh" is producer of pharmacological products using natural components.

During phone conversation representative of company reduced to say about ownership of business permission.

The registrar of company is non-state so information about shareholder is unknown.

Licenses:

50.99.08.001.L.000093.10.11 - Activities related to the use of infectious diseases (including common to humans and animals (microorganisms, including genetically modified bacterial toxins, protozoa, helminths and poisons of biological origin I? IV pathogenicity groups, their production, museum strains and sanitary -indicator microorganisms, materials contaminated or suspect infectious agents I - IV pathogenicity groups)) - 3.10.2016 Through managing director, Postelnikov Sergey Andreevich, company is affiliated with:

ZAO "Vifitekh-farm" - OGRN: 1115043002073, He was the managing

director of company. Company was liquidated.

According to the research, affiliation through the director with other legal persons has not been revealed.

Company did not participate in court cases as claimant.

State inspections in 2013-2014:

n/n - Compliance with licensing requirements - February 2014; n/n - Respecting the requirements of legislation in the field of 1. Plant Quarantine - Mart 2014;

n/n - Control over the destruction of medicines; Quality control of drugs in public circulation- January 2013

n/n - Federal government supervision in the field of drugs - January

2013

n/n - State control over the use of the price of medicines included in the list of vital and essential medicines - January 2013 n/n- Compliance with the legislation in the field of Traffic Safety -February 2013

According to the information, disclosed by the Federal Tax Service, ZAO "Vifitekh" 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 ZAO "Vifitekh" does not have delays in social payments.

According to the information, disclosed by the Federal Labor Service OOO "BLAGOVEST-SV Plyus" does not plan to attract foreign employees. According to the research, ZAO "Vifitekh" 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.

ZAO "Vifitekh" 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 and credit are permissible.

 

439 790

 

Business development

 

Company development

Constant company development.

Business course

Good order situation.

 

Events

No negative events registered.

 

 

Balances

Balance           

31.12.2013 The enclosed balance of 2013 is originated from official source, no data available about authentication.

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.

31/12/2013

1000

RUB balance

31/12/2012

1000

RUB balance

31/12/2011

1000

RUB balance

1. ASSETS

 

 

 

 

I. FIXED ASSETS

 

 

 

 

Intangible assets

1110

0

0

0

The results of research and development

1120

0

0

0

Intangible research assets

1130

0

0

0

Tangible research assets

1140

0

0

0

Fixed assets

1150

31 129

34 421

26 921

Profitable investments in tangible assets

1160

0

0

0

Financial investments

1170

0

0

0

Deferred tax assets

1180

0

0

0

Other non-current assets

1190

0

0

0

TOTAL IN SECTION I.

1100

31 129

34 421

26 921

II. CURRENT ASSETS

 

Inventories

1210

250 118

203 664

138 581

VAT on acquired assets

1220

906

803

129

Accounts receivable

1230

188187

100 702

95 369

 

 

Name

Ref.

31/12/2013

1000

RUB balance

31/12/2012

1000

RUB balance

31/12/2011

1000

RUB balance

Financial investments (excluding the monetary equivalent)

1240

0

0

0

Cash and monetary equivalents

1250

21 340

57 016

31 867

Other current assets

1260

0

0

0

TOTAL IN SECTION II.

1200

460 552

362 185

265 946

BALANCE

1600

491 681

396 606

292 867

2. LIABILITIES

 

 

 

 

III. CAPITAL AND RESERVES

 

 

 

 

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

1310

8 800

8 800

8 800

Treasury stock

1320

0

0

0

Revaluation of fixed assets

1340

704

704

704

Additional capital (without revaluation)

1350

0

0

0

Reserve capital

1360

394

394

394

Retained earnings (uncovered loss)

1370

307 944

257 876

204 507

TOTAL IN SECTION III.

1300

317 842

267 774

214 405

IV. LONG-TERM LIABILITIES

 

Borrowed funds

1410

0

0

0

Deferred tax liabilities

1420

10 437

11 722

10 462

Provisions

1430

0

0

0

Other liabilities

1450

0

0

0

TOTAL IN SECTION IV.

1400

10 437

11 722

10 462

V. SHORT-TERM LIABILITIES

 

Borrowed funds

1510

0

0

0

Payables

1520

163 402

117 110

68 001

Deferred income

1530

0

0

0

Provisions

1540

0

0

0

Sonstige Verbindlichkeiten

1550

0

0

0

 

Name

Ref.

31/12/2013

1000

RUB balance

31/12/2012

1000

RUB balance

31/12/2011

1000

RUB balance

TOTAL IN SECTION V.

1500

163 402

117 110

68 001

BALANCE

1700

491 681

396 606

292 867

 

Profit and loss accounts

31.12.2013 The enclosed profit and loss account of 2013 is originated from official source, no data available about authentication.

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.

31/12/2013

1000

RUB

profit and loss account

31/12/2012

1000

RUB

profit and loss account

31/12/2011

1000

RUB

profit and loss account

Turnover

2110

719 141

613 243

572 975

Cost of sales

2120

526 481

447 162

424 579

Gross profit (loss)

2100

192 660

166 081

148 396

Selling expenses

2210

61 269

48 715

33 505

Administrative expenses

2220

21 859

28 888

33 125

Sales profit (loss)

2200

109 532

88 478

81 766

Earnings from other entities

2310

0

0

0

Interest receivable

2320

1 733

545

13

Interest payable

2330

0

0

0

Other operating income

2340

48 276

31 528

29 974

Other operating expenses

2350

63 335

28 056

37 782

Profit (loss) before tax

2300

96 206

92 495

73 971

Current profit tax

2410

19 851

17 757

12 697

Permanent tax liabilities (assets)

2421

1 897

518

444

Change in deferred tax liabilities

2430

1 287

1 260

2 542

Change in deferred tax assets

2450

0

0

0

Different

2430

0

109

0

 

 

Name

Ref.

31/12/2013

1000

RUB

profit and loss account

31/12/2012

1000

RUB

profit and loss account

31/12/2011

1000

RUB

profit and loss account

Net profit (loss)

2400

75 068

73 369

58 732

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

2510

0

0

0

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

2520

0

0

0

Total financial result for period

2500

75 068

73 369

58 732

 

Financial Ratios

 

Name

Ref.

31/12/2013

31/12/2012

31/12/2011

Current ratio

1

2,82

3,09

3,91

Quick ratio

2

1,29

1,35

1,87

Average Collection Period

3

73,31

58,35

63,76

Payables turnover Period

4

97,24

75,55

85,16

Debt ratio

5

0,35

0,32

0,27

Equity to total assets ratio

6

0,65

0,68

0,73

Funding ratio

7

1,83

2,08

2,73

Return on sales

8

10,44

11,96

10,25

Return on Assets

9

16,90

21,28

19,53

Return on Equity

10

25,64

30,43

30,50

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.89

UK Pound

1

Rs.96.83

Euro

1

Rs.76.57

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

TPT

 


 

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.