MIRA INFORM REPORT

 

 

Report Date :

04.02.2014

 

IDENTIFICATION DETAILS

 

Name :

OOO ”OSTIN”

 

 

Registered Office :

ul Profsoyuznaya d 61 A, 117420 g Moskva

 

 

Country :

Russia

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

27.06.2005

 

 

Com. Reg. No.:

1057747320003

 

 

Legal Form :

Limited liability companies (OOO)

 

 

Line of Business :

·         Retail sale of clothing

·         Wholesaler of clothing and footwear

·         Retail sale of footwear and leather goods

 

 

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 :

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 – 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. 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 identification

 

OOO "Ostin"                                                         Tel         74957774999

ul Profsoyuznaya d 61 A                                        Telefax 
74957774999

117420 g Moskva                                                   E-Mail    www.ostin.com               

Russia

 

 

 

Crefo Nr.       9492420361                                    Registration:     Mezhrayonnaya inspektsiya Federalnoy

                                                                                                         nalogovoy sluzhby 46 po g.

                                                                                                         Moskve

Statistical Nr. 77522753                                        Registration Nr. 1057747320003

Tax Nr.          7728551510                                     Status               active

 

 

Economic situation

 

Business connection

Business connection appears permissable.

(31)

Terms of payment

As far as know, punctually.

(29)

Credit Limit

311 712 000

RUB

 

8 063 989

EUR

 

 

Basic information

Legal form

 

Limited liability companies (OOO)

 

 

Founded

 

27/06/2005 as Limited liability companies (OOO)

 

 

Registration

 

27/06/2005, Mezhrayonnaya inspektsiya Federalnoy nalogovoy sluzhby 46 po g. Moskve, 1057747320003

Statistical Nr.: 77522753

Tax Nr.: 7728551510

 

 

Registered names

 

Valid from

Short name

Valid until

 

OOO "Ostin"

 

Valid from

Full name

Valid until

 

Obshchestvo s ogranichennoy otvetstvennostyu "Ostin"

 

Valid from

Name in foreign language

Valid until

 

"Ostin" Ltd.

 

 

Owners and Capital

 

Crefo Nr.

Name / Address / Status

From

Share

Owner

9497194190 9497194190

Kompaniya s ogranichennoy otvetstvennostyu "TIMSTEL LIMITED"

Adzhiu Pavlu 15, 1105 Nikosiya, Adzhios Andreas, Ledra KHaus Russia

 

100%

 

Registered capital

 

Date

Currency

Value

31.12.2010

RUB

123 534 845,07

 

 

Management

 

Crefo Nr.

Name / Address / Status

Since            Power of attorney

Sole Executive Body

9509965322

Managing director

Vasiliy Anatolevich Frolov

 

 

Company addresses

 

Valid from

Representative office

Valid until

 

Pudong, ZHang YAng Road 838, 200122 SHankhay, China

 

 

Dunfen Road 438, 510040 Guanchzhou, China

 

Valid from

Residence address

Valid until

 

ul Profsoyuznaya d 61 A, 117420 g Moskva, Russia

 

Valid from

Address of the company premises

Valid until

 

Moskovskoe shosse d. 81A, komn. 143, 443111 g. Samara, Russia

 

 

ul. Sulimovad. 50, ofis 3.09, 620137 g. Ekaterinburg, Russia

 

 

Leninskiy prospekt d. 127, lit. B, 198216 g. Sankt-Peterburg, Russia

 

 

Voroshilovskiy prospekt d. 59/18, 344007 g. Rostov-na-Donu, Russia

 

 

ul. Karla Marksad. 182, 680031 g. KHabarovsk, Russia

 

 

ul. Korolevad. 40, 134, pom. 17, 630015 g. Novosibirsk, Russia

 

Valid from

Permanent address

Valid until

 

ul. Aviakonstruktora Mikoyanad. 12, g. Moskva, Russia

Tel: 74957774999 Telefax: 74957774999

E-Mail: www.ostin.com

 

 

Subsidiaries

 

Crefo Nr.

Name / Address / Status

Valid from

Share

Owner

9496976226

OOO "Sportmaster-Logistik"

Statistical Nr.: 18098554

Novomiletskoe shosse vladenie 2, 143912 g

Balashikha Russia

31/12/2012

1%

Owner

9495111724

STPOBP OOO "OSTIN" TTS "MAKSI"

Statistical Nr.: 64775282

UL SHILOVA D 100, STR 2, 672038 G CHITA Russia

 

0%

9495115717

OSP "Sib.fl, g. Omsk, Semeynyy TTS "MEGA" OOO"Ostin

Statistical Nr.: 64826737

Bulvar Arkhitektorov 35, 644074 g Omsk Russia

 

0%

9495165728

FL OOO "Ostin"

Statistical Nr.: 65436257

prosp Voroshilovskiy 59/18, ofis 2, 344002 g

Rostov-na-Donu Russia

 

0%

9495180738

FL Uralskiy OOO "Ostin"

Statistical Nr.: 65623640

ul Sulimova d 50, of 3.09, 620137 g Ekaterinburg

Russia

 

0%

9495197068

OP Privolzhskogo filiala OOO "Ostin" "Magazin ul CHa

Statistical Nr.: 65834779

ul CHapaeva d 52, 410012 g Saratov Russia

 

0%

 

9495228644

Sibirskiy filial OOO "Ostin"

Statistical Nr.: 66225539

ul Koroleva 40 korpus 134 pomeshchenie 13,

630015 g Novosibirsk Russia

 

0%

 

9495251832

OSP Sibirskogo FL "Ostin" g.Ulan-Ude "Piplz park"

Statistical Nr.: 66514060

ul ZHerdeva 104 b, 670033 g Ulan-Ude Russia

 

0%

 

9495293703

Privolzhskiy FL OOO "Ostin"

Statistical Nr.: 67045934

Moskovskoe shosse d 81 a komn 143, 443111 g

Samara Russia

 

0%

 

9495322808

Severo-Zapadnyy FL OOO "Ostin"

Statistical Nr.: 67462218

PROSP LENINSKIY 127 LITER B, 198216 G SANKT-PETERBURG Russia

 

0%

 

9493175692

OOO "SM- Sibir"

Statistical Nr.: 98384340

UL KRASNOYARSKAYA 32, 630132 G NOVOSIBIRSK Russia

 

1%

 

9496450087

DV filial OOO "Ostin"

Statistical Nr.: 92797710

ul Karla Marksa d 182, 680031 g KHabarovsk

Russia

11/10/2011

0%

 

9496835634

STPOBP ZHeleznogorskoe Sibirskogo filiala OOO "Osti

Statistical Nr.: 10221268 Leningradskiy prospekt 1B, 662978 g ZHeleznogorsk Russia

11/09/2012

0%

 

9496835636

STPOBP Zelenogorskoe Sibirskogo filiala OOO "Ostin

Statistical Nr.: 10221305

ul. Peschanaya d. 2 lit. B, 663690 g Zelenogorsk

Russia

11/09/2012

0%

 

9496859101

OSP "gorod Seversk, Magazin Torgovyy tsentr "Marmel

Statistical Nr.: 28823683

ul Kurchatova d 11"a", 636039 g Seversk Russia

17/09/2012

0%

 

9495870039

Magazin Torgovyy tsentr "Mega Adygeya"

Statistical Nr.: 66073710

Turgenevskoe shosse 27, 385132 p Novaya

Adygeya Russia

02/03/2011

0%

 

9495996791

Obosoblennoe podrazdelenie OOO "Ostin"

Statistical Nr.: 66519436

ul Lenina 40, 670000 g Ulan-Ude Russia

10/03/2011

0%

 

9496027969

OSP Sibirskogo filiala Obshchestva s ogranichennoy otv

Statistical Nr.: 90296843

ul Uchebnaya d 48"d", 634034 g Tomsk Russia

30/03/2011

0%

 

9496027973

STPOBP Sibirskogo filiala Obshchestva s ogranichennoy

Statistical Nr.: 90296866

per Nakhanovicha d 10, 634050 g Tomsk Russia

30/03/2011

0%

 

9496096121

OSP "gorod Omsk, Mag TTS "AT-Market" Sib fl

OOO "Os

Statistical Nr.: 90277426

ul. Dianova d. 14, 644106 g Omsk Russia

21/06/2011

0%

 

9496096123

OSP "g Omsk, Mag pr-t Mira, d. 56" Sib fl OOO "Ost

Statistical Nr.: 90277432

pr-kt Mira d 56, 644029 g Omsk Russia

21/06/2011

0%

 

9496110121

STPOBP TRK "Semya" Uralskogo FL OOO "Ostin"

Statistical Nr.: 67856561

prospekt Oktyabrya 34, 450059 g Ufa Russia

29/04/2011

0%

 

9496110125

STPOBP TTS "Prostor" Uralskogo FL OOO "Ostin"

Statistical Nr.: 67856621

ul Marshala ZHukova 29, 450099 g Ufa Russia

29/04/2011

0%

 

9496110127

STPOBP TTS "TSentralnyy" Uralskogo FL OOO "Ostin"

Statistical Nr.: 67856638

ul TSyurupy 97, 450006 g Ufa Russia

29/04/2011

0%

 

9496337915

STPOBP TK "GOSTINYY DVOR" V G SALAVAT

OOO "OSTIN"

Statistical Nr.: 92815052

UL LENINA 42, 453260 G SALAVAT Russia

29/07/2011

0%

 

9496355571

STPOBP Severo-Zapadnogo filiala OOO "Ostin"

Statistical Nr.: 90319952

ul Bolshaya Sankt-Peterburgskaya d 25, 173003

Velikiy Novgorod Russia

25/08/2011

0%

 

9496375011

STPOBP TTS "FABRI" V G STERLITAMAK OOO

"OSTIN"

Statistical Nr.: 92815856

UL KHUDAYBERDINA 120, 453116 G

STERLITAMAK Russia

16/08/2011

0%

 

9496388008

OSP "gorod Omsk, Magazin ulitsa Partizanskaya, ugol

Statistical Nr.: 30334626

Ul. Partizanskaya ugol Lenina, d. 2/18, 644043 g

Omsk Russia

22/09/2011

0%

 

9496564023

OSP "gorod Omsk, Magazin TK "Okey" Sib fl OOO "Ost

Statistical Nr.: 30350157

ul. Entuziastov d. 2 korpus 1, 644065 g Omsk

Russia

02/02/2012

0%

 

9496560571

OSP "gorod Elista, Magazin Torgovyy tsentr "Romanti

Statistical Nr.: 91114904

ul Neyman d 1, 358000 g Elista Russia

06/02/2012

0%

 

9496927321

STPOBP "gorod Abakan, Magazin Torgovyy tsentr ""Kal

Statistical Nr.: 16263090

ul Nekrasova d 31, liter A, 655004 g Abakan

Russia

09/11/2012

0%

 

9496966346

OP OOO "Ostin" - "Magazin Ostin-Egorevsk TTS "Foru

Statistical Nr.: 13278033

ulitsa Sovetskaya d 157, 140300 g Egorevsk

Russia

31/12/2012

0%

 

9497004787

STPOBP Kanskoe Sibirskogo filiala OOO "Ostin"

Statistical Nr.: 14853522

ul 40 let Oktyabrya d 62, 663606 g Kansk Russia

24/01/2013

0%

 

9497078433

STPOBP Magazin TTS "Ishimbay" Uralskogo FL OOO "OST

Statistical Nr.: 12741552

ul Stakhanovskaya 92, 453215 g Ishimbay Russia

12/03/2013

0%

 

9497246513

STPOBP g Oktyabrskiy Magazin TTS "Astrum" Uralskog

Statistical Nr.: 20668929

ul Ostrovskogo 6a, 452600 g Oktyabrskiy Russia

19/07/2013

0%

 

Business activities

 

Main activity

Nace

Retail sale of clothing

52.42.1

Additional activities

Nace

Wholesale of clothing and footwear

51.42.1

Wholesale of clothing and footwear

51.42.2

Wholesale of clothing and footwear

51.42.3

Wholesale of clothing and footwear

51.42.4

Wholesale of clothing and footwear

51.42.5

Retail sale of clothing

52.42.2

Retail sale of clothing

52.42.3

Retail sale of clothing

52.42.4

Retail sale of clothing

52.42.5

Retail sale of clothing

52.42.6

Retail sale of clothing

52.42.7

Retail sale of clothing

52.42.8

Retail sale of footwear and leather goods

52.43.1

Retail sale of footwear and leather goods

52.43.2

Other retail sale in specialized stores

52.48.23

 

OOO \Ostin" is managing chain of stores \O'STIN", which sell clothes \ for men and women. Currently chain is represented by more than 500 \ stores in Russia and CIS countries. \O'STIN" was created by biggest \ chain of sport shops in Russia { \Sportmaster".

 

 

Economic data

 

Turnover and Employees

Date

Turnover

Employees

31/12/2007

2 257 186 000 RUB

 

31/12/2008

4 865 993 000 RUB

 

31/12/2009

6 674 721 000 RUB

 

31/12/2010

9 317 581 000 RUB

 

31/12/2011

14 346 057 000 RUB

 

31/12/2012

19 456 021 000 RUB

 

 

Supplementary data

 

Remarks         

The main activity of OOO "Ostin" is trade retail chain of women and men cloths.

The subject represents following brands on the Russian market:

O'Stin Casual, O'Stin Studio, O'Stin Woman and O'stin Man.

During the research no affiliation of the subject with other legal entities was found out through the managing director, Vasiliy

Anatolevich Frolov.

The subject participated in court cases as claimant and collected:

In 2013: 53959 RUB.

No negative information was found out about the subject in open sources.

 

 

Main indices

 

Payment experience and credit opinion

 

Terms of payment

As far as know, punctually.

(29)

Business connection

Business connection appears permissable.

(31)

 

8 063 989

EUR

 

Business development

 

Company development

Constant company development.

(29)

Business course

Good order situation.

(21)

 

 

Events

 

Date

Kind

Code

26.12.2013

A

 


Legal debt collection procedure

Debt total: 0

Debt collection result: claim accepted / taken it to the production A40-188550/2013: 51818, 58 RUB in process Legal debt collection

16

09.01.2014

A

Legal debt collection procedure

Debt total: 0

Debt collection result: claim accepted / taken it to the production A40-654/2014: 271372,72 RUB in process

16

 

 

Balances

 

Balance

 

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

49 091

23 857

The results of research and development

1120

0

0

Intangible research assets

1130

0

0

Tangible research assets

1140

0

0

Fixed assets

1150

447 931

368 396

Profitable investments in tangible assets

1160

0

0

Financial investments

1170

0

0

Deferred tax assets

1180

0

0

Other non-current assets

1190

7 192

9 779

TOTAL IN SECTION I.

1100

504 214

402 032

 

Name

Ref.

31/12/2012

1000

RUB balance

31/12/2011

1000

RUB balance

II. CURRENT ASSETS

 

Inventories

1210

4 511 308

3 947 444

VAT on acquired assets

1220

12 236

72 339

Accounts receivable

1230

1 280 701

1 422 502

Financial investments (excluding the monetary equivalent)

1240

50 275

76 669

Cash and monetary equivalents

1250

1 667 486

511 098

Other current assets

1260

0

414

TOTAL IN SECTION II.

1200

7 522 006

6 030 466

BALANCE

1600

8 026 220

6 432 498

2. LIABILITIES

 

 

 

III. CAPITAL AND RESERVES

 

 

 

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

1310

123 535

123 535

Treasury stock

1320

0

0

Revaluation of fixed assets

1340

0

0

Additional capital (without revaluation)

1350

154

154

Reserve capital

1360

0

0

Retained earnings (uncovered loss)

1370

5 606 246

4 246 878

TOTAL IN SECTION III.

1300

5 729 935

4 370 567

IV. LONG-TERM LIABILITIES

 

Borrowed funds

1410

1 314 493

779 726

Deferred tax liabilities

1420

0

0

Provisions

1430

0

0

Other liabilities

1450

0

0

TOTAL IN SECTION IV.

1400

1 314 493

779 726

V. SHORT-TERM LIABILITIES

 

 

 

Name

Ref.

31/12/2012

1000

RUB balance

31/12/2011

1000

RUB balance

Payables

1520

981 791

1 282 201

Deferred income

1530

0

4

Provisions

1540

0

0

Sonstige Verbindlichkeiten

1550

0

0

TOTAL IN SECTION V.

1500

981 791

1 282 205

BALANCE

1700

8 026 220

6 432 498

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

19 456 021

14 346 057

Cost of sales

2120

7 302 069

5 049 298

Gross profit (loss)

2100

12 153 952

9 296 759

Selling expenses

2210

10 079 772

7 205 926

Administrative expenses

2220

0

0

Sales profit (loss)

2200

2 074 180

2 090 833

Earnings from other entities

2310

0

0

Interest receivable

2320

45 776

11 346

Interest payable

2330

128 501

78 925

Other operating income

2340

293 143

367123

Other operating expenses

2350

447 906

513 075

Profit (loss) before tax

2300

1 836 692

1 877 302

Current profit tax

2410

368 172

376 000

 

Name

Ref.

31/12/2012

1000

RUB

profit and loss account

31 12 2011

1000

RUB

profit and loss account

Permanent tax liabilities (assets)

2421

0

0

Change in deferred tax liabilities

2430

0

0

Change in deferred tax assets

2450

0

0

Different

2430

109152

52 073

Net profit (loss)

2400

1 359 368

1 449 229

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

1 359 368

1 449 229

 

 

Financial Ratios

 

Name

Ref.

31/12/2012

31/12/2011

Quick ratio

1

3,05

1,57

Current ratio

2

6,34

3,54

Average Collection Period

3

25,36

18,10

Payables turnover Period

4

56,58

46,34

Debt ratio

5

0,29

0,32

Equity to total assets ratio

6

0,71

0,68

Funding ratio

7

2,50

2,12

Return on sales

8

6,99

10,10

Return on Assets

9

23,91

30,24

Return on Equity

10

26,92

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs. 62.68

UK Pound

1

Rs. 102.96

Euro

1

Rs. 84.57

 

 

INFORMATION DETAILS

 

Report Prepared by :

DPT

 

 

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.