|
Report Date : |
17.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
OAO ”NIZHNE-LENSKOE” |
|
|
|
|
Registered Office : |
Ul Kirova d 18, Blok ”B” 677027 G Yakutsk |
|
|
|
|
Country : |
Russia |
|
|
|
|
Date of Incorporation : |
20.11.2000 |
|
|
|
|
Com. Reg. No.: |
1021401776659 |
|
|
|
|
Legal Form : |
Public
limited company |
|
|
|
|
Line of Business : |
·
Subject is diamond recovery · Mining of non-ferrous metal ores ·
Manufacture of jewellery and related articles · Manufacture of aircraft and spacecraft |
|
|
|
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
OAO ”NIZHNE-LENSKOE” Tel 84112496000
ul Kirova d 18, blok ”B” E-Mail lenskoe@sakha.com
677027 g YAkutsk
Russia
Crefo Nr. 9494636769 Registration:
Mezhrayonnaya inspektsiya
Ministerstva
Rossiyskoy Federatsii po
nalogam i sboram 6 po Respublike
Sakha (YAkutiya) (Strukturnoe podrazdelenie
po ZHiganskomu ulusu)
Statistical Nr. 34151207 Registration
Nr. 1021401776659
Tax Nr. 1435116362 Status
active
|
Business connection |
Business
connection is not denied. Credit is not assigned, it requires securities. |
|
Terms of payment |
Mostly
within agreed terms, partly dalays of payments / payment reminders. |
Legal form
Public
limited company (OAO)
Founded
20/11/2000
as Public limited company (OAO)
Registration
18/12/2002,
Mezhrayonnaya inspektsiya Ministerstva Rossiyskoy Federatsii po nalogam i
sboram 6 po Respublike Sakha (YAkutiya) (Strukturnoe podrazdelenie po ZHiganskomu
ulusu), 1021401776659 Statistical Nr.: 34151207 Tax Nr.: 1435116362
|
Valid from |
Short name |
Valid until |
|
|
OAO
"Nizhne-Lenskoe" |
|
|
Valid from |
Full name |
Valid until |
|
|
OAO
"Nizhne-Lenskoe" |
|
|
Valid from |
Name in foreign language |
Valid until |
|
|
Join
Stock Company Nizhne-Lenskoe |
|
|
Crefo Nr. |
Name / Address / Status |
From |
Share |
|
Owner |
|||
|
9494644123 |
OAO "Almazy
Anabara" Tax Nr.:
1435152770 Statistical
Nr.: 46723459 ul
CHernyshevskogo d 6, 677018 g YAkutsk Russia Phone
Nr.: 450100 Fax:
425030 E-mail: OFFICE@ALANAB.RU |
|
100% |
Date Currency Value
29/12/2012 RUB 1
015 757 080
|
Crefo Nr. |
Name / Address / Status |
Since Power of attorney |
|
Management |
||
|
9497336503 |
Member of the board of
directors Andrey
Vilevich Karkhu |
|
|
9497336505 |
Member of the board of
directors Andrey
YUrevich Nikolaev |
|
|
9497336501 |
Member of the board of
directors Dzhenita
Stanislavovna Belchusova |
|
|
9497336504 |
Member of the board of
directors Marianna
Anatolevna Magomedova |
|
|
9497336502 |
Member of the board of
directors Matvey
Nikolaevich vseev |
|
|
9497336506 |
Member of the board of
directors Pavel
Nikolaevich Oshchepkov |
|
|
Sole Executive Body |
||
|
9513402969 |
Managing director Ivan
Ivanovich Andreev Tax Nr.:
143505382860 |
|
|
Valid from |
Residence address |
Valid until |
|
|
ul
Kirova d 18, blok "B", 677027 g YAkutsk, Russia Tel:
84112496000 E-Mail: lenskoe@sakha.com |
|
|
Crefo Nr. |
Name / Address / Status |
Valid from |
Share |
|
Owner |
|||
|
9494633141 |
OAO "KDM-OLENEK" Statistical
Nr.: 23293973 UL
BOESKOROVA D 24, 678480 S OLENEK Russia |
|
99 % |
|
9491929649 |
OAO AKB
"Universalnyy kredit" Statistical
Nr.: 40014271 ul
Zemlyanoy Val d 36, korp 2-2A, 105064 g Moskva
Russia |
|
1% |
|
9494639987 |
OAO "AK "
ZHDYA" Statistical
Nr.: 40822893 ul
Mayakovskogo d 14, 678900 g Aldan Russia |
|
1% |
|
9494651493 |
ZAO
"YAKUTZOLOTO" Statistical
Nr.: 52495732 UL
YAROSLAVSKOGO D 16, KORP 1, 677000 G YAKUTSK Russia |
|
51 % |
|
9494651512 |
ZAO "YAGDK" Statistical
Nr.: 52496236 UL
OKTYABRSKAYA D 6, 678500 RP BATAGAY Russia |
|
62 % |
|
9494651737 |
ZAO "Daymond
Taas" Statistical
Nr.: 52500893 ul
Kirova d 12, 677000 g YAkutsk Russia |
|
24 % |
|
9494654295 |
OOO "ZARNITSA" Statistical
Nr.: 55661190 UL OSIPENKO
D 8 KORP 1 "B", 677001 G YAKUTSK Russia |
|
50 % |
|
9494658724 |
Obosoblennoe
podrazdelenie OAO "Nizhne-Lenskoe" Statistical
Nr.: 72336214 pr
Lenina d 4, korp 2, 677000 g YAkutsk Russia |
|
0% |
|
9494667265 |
OOO "NEDKO" Statistical
Nr.: 81732713 sh
KHatyn-YUryakhskoe 9km, d 7, 677008 g YAkutsk
Russia |
|
38 % |
|
9494667266 |
OAO YAKGK Statistical
Nr.: 81732724 UL
KIROVA D 28, KORP 1, 677027 G YAKUTSK Russia |
|
40 % |
|
9494673174 |
OP OAO
"Nizhne-Lenskoe" Karer "Molodo" Statistical
Nr.: 93796894 678421 s Siktyakh Russia |
|
0% |
|
9494673175 |
OP OAO
"Nizhne-Lenskoe" Karer "Olenek" Statistical
Nr.: 93796902 Razvedochno-Ekspluatatsionnyy uchastok "KHara-Mas",
678480 s Olenek Russia |
|
0% |
|
9495778222 |
Baza
"Dzhardzhan" - OP OAO "Nizhne-Lenskoe" Statistical
Nr.: 89996564 678330 s ZHigansk Russia |
12/07/2011 |
0% |
|
9494673173 |
OP OAO
"Nizhne-Lenskoe" Karer "Billyakh" Statistical
Nr.: 93796888 678442 s Ebelyakh Russia |
12/07/2011 |
0% |
|
9494636266 |
AKB
"Almazergienbank" OAO Statistical
Nr.: 31452865 pr-kt
Lenina d 1, 677000 g YAkutsk Russia |
18/12/2012 |
20 % |
|
9494663235 |
OAO "RSK
"Sterkh" Statistical
Nr.: 76712588 ul
Lermontova d 152, 677000 g YAkutsk Russia |
08/04/2013 |
4% |
|
Owner |
|||
|
9494636240 |
OOO "POKROVSKIY
GRANILNYY ZAVOD" Statistical
Nr.: 31450334 UL
BRATEV KSENOFONTOVYKH D 22, 678000 G POKROVSK Russia |
|
70% |
|
9494654216 |
OOO "Aldanzoloto
LTD" Statistical
Nr.: 55660108 ul
Stroitelnaya d 14, 678940 rp Nizhniy Kuranakh Russia |
|
30% |
|
9494659316 |
TRK "Almaz" Statistical
Nr.: 72342982 ul
Petrovskogo d 21, korp 2, kv 103, 677008 g YAkutsk
Russia |
|
20% |
|
9494659352 |
OOO
"Nizhne-Lenskoe-Invest" Statistical
Nr.: 72343361 km
KHatyn-YUryakhskoe shosse 5, 677000 g YAkutsk
Russia |
|
99% |
|
9494663886 |
OOO "Konsaltingovaya
kompaniya "NL-Konsultant" Statistical
Nr.: 76719805 SH
KHATYN-YURYAKHSKOE D 7, 677008 G YAKUTSK
Russia |
|
75 % |
|
9494631577 |
OOO SK "Severnyy
Dom" Statistical
Nr.: 15276908 sh KHatyn-YUryakhskoe
d 9, korp 1, 677008 g YAkutsk
Russia |
12/10/2011 |
95 % |
|
Main activity |
Nace |
|
Other
mining and quarrying n.e.c. |
14.50.22 |
|
Additional activities |
Nace |
|
Hunting |
01.50 |
|
Mining of
non-ferrous metal ores |
13.20.41 |
|
Other
mining and quarrying n.e.c. |
14.50.21 |
|
Manufacture
of tools |
28.62 |
|
Manufacture
of aircraft and spacecraft |
35.30.9 |
|
Manufacture
of jewellery and related articles n.e.c. |
36.22 |
|
Manufacture
of jewellery and related articles n.e.c. |
36.22.1 |
|
Manufacture
of jewellery and related articles n.e.c. |
36.22.2 |
|
Manufacture
of jewellery and related articles n.e.c. |
36.22.3 |
|
Manufacture
of jewellery and related articles n.e.c. |
36.22.4 |
|
Manufacture
of jewellery and related articles n.e.c. |
36.22.5 |
|
Recycling
of non-metal waste and scrap |
37.20.6 |
|
Retail
sale of automotive fuel |
50.50 |
|
Agents
involved in the sale of fuels |
51.12.24 |
|
Agents specializing
in the sale of particular products or ranges of products n.e.c. |
51.18.24 |
|
Agents
specializing in the sale of particular products or ranges of products n.e.c. |
51.18.25 |
|
Wholesale
of other household goods |
51.47.34 |
|
Wholesale
of metals and metal ores |
51.52.23 |
|
Wholesale
of other intermediate products |
51.56.3 |
|
Other
retail sale in specialized stores |
52.48.22 |
|
Hotels
without restaurants |
55.12 |
|
Other
land passenger transport |
60.23 |
|
Freight
transport by road |
60.24 |
|
Non-scheduled
airtransport |
62.20 |
|
Storage
and warehousing |
63.12.21 |
|
Security
broking and fund management |
67.12.2 |
|
Security
broking and fund management |
67.12.4 |
|
Architectural
and engineering activities and related technical consultancy |
74.20.2 |
|
Sewage
and refuse disposal |
90.0 |
Turnover and Employees
|
Date |
Turnover |
|
31/12/2006 |
2 243
385 000 RUB |
|
31/12/2007 |
2 483
263 000 RUB |
|
31/12/2008 |
2 562
763 000 RUB |
Remarks
As the
financial information of the subject company is not disclosed, the Credit limit
cannot be calculated.
The main
activity of OAO "Nizhne-Lenskoe" is diamond recovery. The subject was
bought by OAO "Almazy Anabara" in 2012 in the state of bankruptcy.
The
subject has following licenses: VP-73-000587N valid until 15.07.2016.
14.01.01.002.L.000016.06.06 valid until 02.06.2016. IV-00-011317 temporally
unlimited. PV-00-010729 temporally unlimited. YAKU02649KR valid until
15.04.2028. YAKU 13662KE valid until 01.08.2018. YAKU 13661KE valid until
01.08.2018.
Affiliation
of the subject with other companies was found out through the managing
director, Ivan Ivanovich Andreev (INN: 143505382860)
OOO ”ELEKTRUM” – INN: 1435002975; Yakutsk. He was the shareholder of
the company. The company was excluded from EGRUL in 2013.
OOO ”Saidyy” – INN: 1435179524; Yakutsk. He is the managing director
and the owner of 100% of share capital of the company. The company
will excluded from EGRUL as inactive upon registering authorities
decision.
OOO ”MAISKI VETER” – INN: 1435211841; Yakutsk. He was the owner of
30% of share capital of the company.
The subject had several state contracts for the total sum:
In 2013: 4 722 747 RUB.
In 2012: 167 143 850 RUB.
In 2011: 134 733 RUB.
No negative information was found out about the subject in open
sources.
Payment experience and credit opinion
|
Terms of payment |
Mostly within
agreed terms, partly dalays of payments / payment reminders. |
|
Business connection |
Business
connection is not denied. Credit is not assigned, it requires securities. |
|
Company development |
Constant
company development. |
|
|
Business course |
Satisfactory
order situation. |
|
Date Kind
Code
18/01/2013
Legal debt collection procedure 16
Debt capital : 26860000 RUB
Debt total: 26860000 RUB
A58-194/2013
24/01/2013
Legal debt collection procedure 16
Debt capital : 40180879 RUB
Debt total: 40180879 RUB
A58-257/2013
22/08/2013
Legal debt collection procedure 16
Debt capital : 2228200 RUB
Debt total: 2228200 RUB
Debt collection result: claim accepted /
taken it to the production
A58-4778/2013 in process
There are
no balance sheets registered.
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the untiring
and unflagging efforts of the Indian diamantaires, supported by progressive
Government policies.
-
The area of study of family owned diamond businesses derives its
importance from the huge conglomerate of family run organizations which operate
in the diamond industry since many generations.
-
Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small,
nimble and quick to react, information as a source of advantage and philanthropy.
-
Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
-
Excerpts from Times of India dated 30th October 2010 is as
under –
-
Gem & Jewellery Export Promotion Council in its statistical data has
shown the export of polished diamonds to have increase by 28 % in February
2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012,
India exported $ 1.84 billion worth of polished diamonds in February 2013. A
senior executive of GJEPC said, “Export of cut and polished diamonds started
falling month-wise after the imposition of 2 % of import duty on the polished
diamonds. But February, 2013 has given a new ray of hope to the industry as the
export of polished diamonds has actually increased by 28 %. It means the
industry is on the track of recovery and round tripping of diamonds has
stopped completely.” Demand has started coming from the US, the UK, Japan and
China. India’s polished diamond export is expected to cross $ 21 bn in 2013-14.
-
The banking sector has started exercising restraint while following
prudent risk management norms when lending money to gems and jewellery sector.
This follows the implementation of Basel III accord – a global voluntary
regulatory standard on bank capital adequacy, stress testing and market
liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.28 |
|
|
1 |
Rs.103.67 |
|
Euro |
1 |
Rs.85.18 |
INFORMATION DETAILS
|
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.