|
Report Date : |
17.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
SCIENTIFIC AND PRODUCTION ENTERPRISE ENERGOSPLAV, LTD |
|
|
|
|
Registered Office : |
138 Orbity Str., Donetsk, Donetsk Region, 83004 |
|
|
|
|
Country : |
Ukraine |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
04.06.2002 |
|
|
|
|
Com. Reg. No.: |
32001775 |
|
|
|
|
Legal Form : |
TOV (Limited Liability
Company by Ukrainian Law) |
|
|
|
|
Line of Business : |
Hazard Waste Collect/Disposal |
|
|
|
|
No of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Exist |
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) |
|
Ukraine |
B2 |
C2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
UKRAINE - ECONOMIC
OVERVIEW
After Russia, the Ukrainian
republic was the most important economic component of the former Soviet Union,
producing about four times the output of the next-ranking republic. Its fertile
black soil generated more than one-fourth of Soviet agricultural output, and
its farms provided substantial quantities of meat, milk, grain, and vegetables
to other republics. Likewise, its diversified heavy industry supplied the
unique equipment (for example, large diameter pipes) and raw materials to
industrial and mining sites (vertical drilling apparatus) in other regions of
the former USSR. Shortly after independence in August 1991, the Ukrainian
Government liberalized most prices and erected a legal framework for
privatization, but widespread resistance to reform within the government and
the legislature soon stalled reform efforts and led to some backtracking.
Output by 1999 had fallen to less than 40% of the 1991 level. Ukraine's
dependence on Russia for energy supplies and the lack of significant structural
reform have made the Ukrainian economy vulnerable to external shocks. Ukraine
depends on imports to meet about three-fourths of its annual oil and natural
gas requirements and 100% of its nuclear fuel needs. After a two-week dispute that
saw gas supplies cutoff to Europe, Ukraine agreed to 10-year gas supply and
transit contracts with Russia in January 2009 that brought gas prices to
"world" levels. The strict terms of the contracts have further
hobbled Ukraine's cash-strapped state gas company, Naftohaz. Outside
institutions - particularly the IMF - have encouraged Ukraine to quicken the
pace and scope of reforms to foster economic growth. Ukrainian Government
officials eliminated most tax and customs privileges in a March 2005 budget law,
bringing more economic activity out of Ukraine's large shadow economy, but more
improvements are needed, including fighting corruption, developing capital
markets, and improving the legislative framework. Ukraine's economy was buoyant
despite political turmoil between the prime minister and president until
mid-2008. The economy contracted nearly 15% in 2009, among the worst economic
performances in the world. In April 2010, Ukraine negotiated a price discount
on Russian gas imports in exchange for extending Russia's lease on its naval
base in Crimea. Movement toward an Association Agreement with the European
Union, which would commit Ukraine to economic and financial reforms in exchange
for preferential access to EU markets, was curtailed by the November 2013
decision of President YANUKOVYCH against signing this treaty. In response, on
17 December 2013 President YANUKOVYCH and President PUTIN concluded a financial
assistance package containing $15 billion in loans and lower gas prices.
However, the end of the YANUKOVYCH government in February 2014 caused Russia to
halt further funding. With the formation of an interim government in late
February 2014, the international community began efforts to stabilize the
Ukrainian economy, including a 27 March 2014 IMF assistance package of $14-18
billion.
|
Source
: CIA |
Full Name : Tovarystvo
z Obmezhenoyu Vidpovidalnistyu Nauchno-Proizvodstvennoe
Predpriyatie
ENERGOSPLAV
Name in English : Scientific
and Production Enterprise ENERGOSPLAV, LTD
Name in national
language
: Товариство
з Обмеженою
Відповідальністю
Научно-Производственное
Предприятие
ЭНЕРГОСПЛАВ
Previous Names : - Tovarystvo
z Obmezhenoyu Vidpovidalnistyu Naukovo-Vyrobnyche
Pidpryemstvo
ENERGOSPLAV
Office Address : Ukraine
Not traced, please see Final comments.
Legal Address : 138
Orbity str., Donetsk, Donetsk region, 83004, Ukraine
Contacts : n/a
Legal Form : TOV (Limited Liability Company by
Ukrainian Law)
Incorporation : 2002
Staff : n/a
Sales : 1 910.90 th UAH ( for 12 months, ended 31.12.2013 )
5 419.00 th UAH ( for 12
months, ended 31.12.2012 )
Incorporation : 2002
Registration Data
Date of
registration : 04.06.2002
Registration
number : 32001775
Registr. authority
: Executive committee of city
council (Donetsk, Donetsk region, Ukraine)
VAT number : 320017705649
Registr. place : Ukraine
Date of VAT Payer
registration: 19.06.2002
Legal Form : TOV (Limited Liability Company by
Ukrainian Law) since 04.06.2002
Share Capital : 14 000 UAH (registered) since 04.06.2002
Shareholders : - Giperion Group, LTD (Ukraine) 100.00 %
share's book value
: 14 000 UAH
reg. number : 38449123
Board / Executives
Executives
Director : Mr Andilahay Dmitriy
Nikolaevich (Ukraine)
Authorised signature: Mr Andilahay
Dmitriy Nikolaevich
Changes in
Registration Data
- 13.12.2004 : name
Activities : - 4953 Hazard Waste
Collect/Disposal
(NACE 3700:
Recycling)
Recovery of sorted
waste. Official data.
Staff employed : n/a
There is no
current information in the official sources.
Staff History : - 58
( the data as of 31.12.2012 )
- 85
( the data as of 31.12.2009 )
Export : none
Import : none
Subsidiaries and
Participation
: n/a
Bankers : - AKB Bank (Ukraine)
bank code : 335764
account(s) : 26007001030735 USD, UAH, RUB
Litigation : Generally in the DB of the
Unified State Register of the Legal Judgements data
there have been traced 4 court where the subject company is filed as a
defendant and claimant in the period from 14.06.2007 up to 19.12.2013.
There
are no bankruptcy/insolvency records filed. These litigation processes
arise in
the course of company's usual operation.
According to the data of Bulletin of the State Registration as of
15.10.2014,
there are no bankruptcy records registered in the name of the subject
company.
Remarks on
payment
: No official
information is available according to the Ukrainian legislation.
There is no company’s
financial report for 6 months 2014 at the official accessible sources.
|
Period, months |
12 |
12 |
12 |
|||
|
Ended |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|||
|
Currency |
UAH th |
UAH th |
UAH th |
|||
|
===== BALANCE SHEET ==================== |
||||||
|
|
||||||
|
--- ASSETS -------------------- |
||||||
|
|
||||||
|
NON-CURRENT
ASSETS |
||||||
|
- Intangible
assets |
45.00 |
|||||
|
- Fixed assets |
3 616.00 |
3 601.00 |
||||
|
- Investments in
tangible assets |
||||||
|
- Financial
assets |
0.00 |
|||||
|
- Other
non-current assets |
0.00 |
|||||
|
Non-current
assets total |
3 616.00 |
3 550.00 |
3 646.00 |
|||
|
|
||||||
|
CURRENT ASSETS |
||||||
|
- Stock |
468.20 |
2 757.00 |
||||
|
- Debtors |
14.20 |
1 555.00 |
1 339.00 |
|||
|
- Other
receivables |
228.00 |
|||||
|
- Short-term
financial investments |
0.00 |
0.00 |
||||
|
- Cash |
0.20 |
79.00 |
1 166.00 |
|||
|
- Other current
assets |
0.00 |
0.00 |
128.00 |
|||
|
Current assets
total |
482.60 |
4 343.00 |
5 618.00 |
|||
|
|
||||||
|
Assets total |
4 098.60 |
7 893.00 |
9 264.00 |
|||
|
|
||||||
|
--- EQUITY AND LIABILITIES --------- |
||||||
|
|
||||||
|
CAPITAL AND
RESERVES |
||||||
|
- Share capital |
14.00 |
14.00 |
14.00 |
|||
|
- Additional
capital |
0.00 |
0.00 |
||||
|
- Other capital |
0.00 |
0.00 |
||||
|
- Reserve
capital |
0.00 |
|||||
|
- Retained
earnings (Non-covered loss) |
1 722.70 |
2 224.00 |
||||
|
Capital and
reserves total |
1 736.70 |
2 136.00 |
2 238.00 |
|||
|
|
||||||
|
Provisions |
0.00 |
0.00 |
0.00 |
|||
|
|
||||||
|
LONG-TERM
LIABILITIES |
||||||
|
- Loans and
credits |
0.00 |
0.00 |
||||
|
- long-term amounts owed to banks |
0.00 |
0.00 |
||||
|
- Other
long-term liabilities |
0.00 |
|||||
|
Long-term
liabilities total |
0.00 |
0.00 |
0.00 |
|||
|
|
||||||
|
SHORT-TERM
LIABILITIES |
||||||
|
- Loans and
credits |
1 080.90 |
0.00 |
331.00 |
|||
|
- short-term amounts owed to banks |
1 080.90 |
0.00 |
0.00 |
|||
|
- Creditors |
1 281.00 |
5 950.00 |
||||
|
- trade debts |
1 258.80 |
5 554.00 |
||||
|
- accrued payroll |
55.00 |
|||||
|
- tax liabilities |
22.20 |
341.00 |
||||
|
- other creditors |
||||||
|
- advances received |
0.00 |
|||||
|
- Dividends in
arrears |
||||||
|
- Accrued
income, deferred charges |
0.00 |
0.00 |
0.00 |
|||
|
- Other
short-term liabilities |
745.00 |
|||||
|
Short-term
liabilities total |
2 361.90 |
5 757.00 |
7 026.00 |
|||
|
|
||||||
|
Liabilities
total |
2 361.90 |
5 757.00 |
7 026.00 |
|||
|
Equity and
liabilities total |
4 098.60 |
7 893.00 |
9 264.00 |
|||
|
===== PROFIT AND LOSS ACCOUNT ========== |
||||||
|
|
||||||
|
ORDINARY
ACTIVITY INCOME AND CHARGES |
||||||
|
Net sales |
1 910.90 |
5 419.00 |
30 701.00 |
|||
|
Cost of goods
sold |
1 817.00 |
4 274.00 |
28 168.00 |
|||
|
Gross profit |
2 533.00 |
|||||
|
Distribution
costs |
93.40 |
29.00 |
||||
|
Administrative
and management costs |
687.00 |
|||||
|
Profit on sales |
||||||
|
|
||||||
|
OPERATING INCOME
AND CHARGES |
||||||
|
Interest
receivable |
||||||
|
Interest payable |
||||||
|
Income from
participating interests |
0.00 |
|||||
|
Other operating
income |
312.00 |
203.00 |
||||
|
Other operating
charges |
0.00 |
295.00 |
||||
|
Operating profit |
||||||
|
|
||||||
|
INVESTMENT
INCOME AND CHARGES |
||||||
|
Investment
income less charges |
0.00 |
0.00 |
||||
|
|
||||||
|
Profit before
taxation |
0.50 |
1 725.00 |
||||
|
Income-tax and
other similar payments |
0.10 |
0.00 |
320.00 |
|||
|
Profit (loss) from
ordinary activity |
||||||
|
Extraordinary
income less charges |
24.00 |
|||||
|
Net profit |
0.40 |
-124.00 |
1 429.00 |
|
- - - - - - - KEY RATIOS - - - - - - - |
||||||
|
Return on sales,
% |
0.03 |
5.62 |
||||
|
Profit before taxation / Net sales |
||||||
|
Operating margin
of profit, % |
||||||
|
Operating profit / Net sales |
||||||
|
Return on
investment, % |
0.03 |
77.08 |
||||
|
Profit before taxation / Equity |
||||||
|
Current assets turnover |
3.96 |
1.25 |
5.46 |
|||
|
Net sales / Current assets |
||||||
|
Working capital |
-1 879.30 |
-1 414.00 |
-1 408.00 |
|||
|
Current assets - Short-term liabilities |
||||||
|
Leverage |
0.42 |
0.27 |
0.24 |
|||
|
Equity / Total assets |
||||||
|
Current ratio |
0.20 |
0.75 |
0.80 |
|||
|
Current assets / Short-term liabilities |
||||||
|
Quick ratio |
0.01 |
0.41 |
||||
|
(Current assets - Stock) / Short-term
liabilities |
||||||
|
Debt-to-equity
ratio |
1.36 |
2.70 |
3.14 |
|||
|
Total liabilities / Equity |
The company is registered as a taxpayer at the State Tax Administration.
Publications
- 10.02.2014 :
Subject : Fitch has degraded the independent rating of Ukraine to CCC Fitch Rating
was the last one which degraded the independent rating of Ukraine to CCC from
previous B-. Long-term rating of national currency obligations stands at B-,
outlook – Negative. Rating of State Obligations in foreign currency was
degraded from B- to CCC, while the State Obligations in national currency
remained as B-. Before Fitch the other International agencies have also
degraded the ratings of Ukraine: on January 28-th Standard&Poor`s changed
long-term and short-term ratings of obligations in foreign currency from B-/B
to CCC+/C/ On February 1-st Moody`s degraded the rating of Ukrainian state
obligations from Caa1 to Caa2. All Agencies assigned "Negative"
outlook for State Obligations.
http://investfunds.ua/news/fitch-snizilo-suverennyj-rejting-ukrainy-do-sss-kommersantukraina-
117691/
- 12.12.2013 :
Subject : INTERNATIONAL RATINGS TREND
http://countryeconomy.com/ratings/ukraine
----------------------- INTERNATIONAL RATINGS TREND FOR THE UKRAINE IN
2012-2013 2013: 1. Rating Moody's Ukraine Long Term Rating: Foreign Currency
Date Rating (Outlook) 2013-09-20 Caa1 (Under Review) 2012-12-05 B3 Local
Currency Date Rating 2013-09-20 Caa1 2012-12-05 B3 2. Rating S&P Ukraine
Long Term Rating Foreign Currency Date Rating (Outlook) 2013-11-01 B-
(Negative) 2012-12-07 B (Negative) Local Currency Date Rating 2013-11-01 B-
2012-12-07 A- 3. Rating Fitch Ukraine Long Term Rating Foreign Currency Date
Rating (Outlook) 2013-11-28 B- (Negative) 2012- 07-18 B (Stable) Local Currency
Date Rating 2013-11-28 B- 2012-07-18 B 2012: Information source:
Correspondent.net, December 1-th 2012: Today, the international rating agency
Standard & Poor's Ratings Services lowered its outlook on the sovereign
credit rating of Ukraine from stable to negative. As informed the press service
of the Agency, short-term ratings in foreign and local currency were affirmed
at B + / B. Ukraine's long-term rating on the national scale was reduced from
uaAA- to uaA +. " Risk assessment of transfer and convertibility of hard
currency (T & C) remains at the level of B +, according to the ratings in
foreign currency. Recovery Rating of unsecured debt in foreign currency
affirmed at level 4, indicating our expectation of payment at 30% -50 % of the
debt in the event of default " – said in a S&P statement. Yesterday
the other international rating agency Moody's downgraded the rating of
Ukrainian government bonds by one notch - from B2 to B3 with a negative
outlook.
FINAL COMMENTS
The information
provided in this report has been collected from all the sources available. We
have not managed to trace the contact data of the subject. The search results:
1. There is no any phone number mentioned in your order. 2. There were the
following phone numbers provided in its registration file: +38 062 3880118, +38
062 3880119. These numbers are disconnected. 3. There were the following
contact numbers found in Internet directories searching by the company’s name:
phone number: +38 062 3459628; phone number: +38 062 3459702; These numbers are
disconnected. 4. The subject company is not listed in Donetsk on-line services.
5. There were no any other contact details found. 6. We have no information
about address mentioned in your order (42 Pushkinska str., Odesa). The result
of contacting by the legal address failed to communicate with the company.
According to the military situation on the territory of Ukraine, this company
may be moved. But on the basis of direct and indirect data, we can conclude
that the company is acting. We have sent our letter of inquiry to the legal address.
No answer has come in to us by now. If we receive the reply from the subject,
we will update this report.
APPENDIX A
|
Financial
Statements |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
- 31.12.2012 |
: |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
BALANCE SHEET |
|
|
|
|
ASSETS |
|
|
|
|
I. NON-CURRENT ASSETS |
|
|
Intangible assets |
|
|
010 residual value |
|
|
011 acquisition cost |
|
|
012 depreciation |
|
|
020 Construction in progress |
|
|
Fixed assets |
|
|
030 residual value |
|
|
031 acquisition cost |
|
|
032 depreciation |
|
|
Long-term biological assets |
|
|
035 residual value |
|
|
036 acquisition cost |
|
|
037 depreciation |
|
|
Long-term financial assets |
|
|
040 Capital participation in other
enterprises |
|
|
045 Other financial investments |
|
|
050 Long-term accounts receivable |
|
|
060 Deferred tax assets |
|
|
070 Other non-current assets |
|
|
080 NON-CURRENT ASSETS TOTAL |
3 550.00 |
|
II. CURRENT ASSETS |
|
|
Stock |
|
|
100 Raw materials, consumables and
supplies |
|
|
110 Current biological assets |
|
|
120 Work in progress |
|
|
130 Finished goods |
|
|
140 Goods for resale |
|
|
150 Bills of exchange receivable |
0.00 |
|
Trade debtors: |
|
|
160 net realizable value |
1 555.00 |
|
161 acquisition cost |
|
|
162 doubtful debts reserve |
|
|
Accounts receivable |
|
|
170 Budget accounts receivable |
|
|
180 Payments in advance |
|
|
190 Accrued income |
|
|
200 Internal payments |
|
|
210 Other current accounts receivable |
|
|
220 Current financial investments |
0.00 |
|
Cash at bank and on hands |
|
|
230 Funds in local currency |
4.00 |
|
231 incl. cash on hands |
|
|
240 Funds in foreign currencies |
75.00 |
|
250 Other current assets |
|
|
260 CURRENT ASSETS TOTAL |
4 343.00 |
|
270 III.
DEFERRED CHARGES |
0.00 |
|
280 ASSETS TOTAL |
7 893.00 |
|
EQUITY AND
LIABILITIES |
|
|
I. CAPITAL AND RESERVES |
|
|
300 Authorized capital |
14.00 |
|
310 Share capital |
0.00 |
|
320 Additional contributed capital |
0.00 |
|
330 Other additional capital |
0.00 |
|
340 Reserve capital |
|
|
350 Retained earnings (loss) |
|
|
360 Unpaid capital (minus) |
0.00 |
|
370 Retired capital (minus) |
0.00 |
|
380 CAPITAL AND RESERVES TOTAL |
2 136.00 |
|
II. PROVISIONS OF EXPENSES AND |
|
|
LIABILITIES |
|
|
400 Provisions of payments to personnel |
|
|
410 Other provisions |
|
|
415 Insurance reserves |
|
|
416 portion covered by insurers |
|
|
417 |
|
|
418 |
|
|
420 Targeted funding |
|
|
430 PROVISIONS OF EXPENSES AND |
0.00 |
|
LIABILITIES TOTAL |
|
|
III. LONG-TERM LIABILITIES |
|
|
440 Long-term amounts owed to credit
institutions |
0.00 |
|
450 Other financial liabilities |
|
|
460 Deferred tax liabilities |
|
|
470 Other long-term liabilities |
|
|
480 TOTAL LONG-TERM LIABILITIES |
0.00 |
|
IV. SHORT-TERM LIABILITIES |
|
|
500 Short-term amounts owed to credit
institutions |
0.00 |
|
510 Short-term portion of long-term
liabilities |
|
|
520 Bills of exchange payable |
|
|
530 Trade creditors |
|
|
Accounts payable: |
|
|
540 Advance payments |
|
|
550 Budget accounts payable |
|
|
560 Non-budget accounts payable |
|
|
570 Insurance payments |
|
|
580 Accrued payroll |
|
|
590 Liabilities to shareholders |
|
|
600 Internal payments |
|
|
610 Other short-term liabilities |
|
|
620 SHORT-TERM LIABILITIES TOTAL |
5 757.00 |
|
630 V.
DEFERRED INCOME |
0.00 |
|
640 EQUITY AND LIABILITIES TOTAL |
7 893.00 |
|
- 31.12.2011 |
: |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.48 |
|
|
1 |
Rs.98.24 |
|
Euro |
1 |
Rs.78.66 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SMN |
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.