MIRA INFORM REPORT

 

 

Report No. :

317068

Report Date :

17.04.2015

 

IDENTIFICATION DETAILS

 

Name :

OAO KORPORATSIYA "TRANSSTROY"

 

 

Registered Office :

Ul Sadovaya-Spasskaya D 21/1,  107217 G Moskva

 

 

Country :

Russia

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

11.09.2002

 

 

Legal Form :

Public limited company

 

 

Line of Business :

Business and management consultancy activities

 

 

No. of Employee :

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 :

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

Russia

B1

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 COMMODITYhttps://cdncache-a.akamaihd.net/items/it/img/arrow-10x10.png 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 PRICEShttps://cdncache-a.akamaihd.net/items/it/img/arrow-10x10.png rose rapidly, was one of the hardest hit by the 2008-09 global economic crisis as OIL PRICEShttps://cdncache-a.akamaihd.net/items/it/img/arrow-10x10.png 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, economic growth declined further, with expectations that GDP growth in 2015 could drop below zero if world oil prices continue to fall. The Russian ruble lost about half of its value in the second half of 2014 and remains volatile, contributing to increased capital outflows.

 

Source : CIA

 

Company name and address

 

OAO KORPORATSIYA "TRANSSTROY"

ul Sadovaya-Spasskaya d 21/1,
107217 g Moskva

Tel: 74956440200
Telefax: 74957777908
E-Mail: info@transstroy.ru
Web: www.corptransstroy.ru

 

 

 

Company summary

 

 

Company development

Stagnant company development.

 

Business course

Satisfactory order situation.

 

Terms of payment

With delays of payments, frequent payment reminders.

 

 

Business connection

Business connection is not denied. Credit is not assigned, it requires securities.

 

 

Established on

11/09/2002 - Public limited company (OAO)

Registered on

11/09/2002, Mezhrayonnaya inspektsiya Ministerstva Rossiyskoy Federatsii po nalogam i sboram №39 po g. Moskve, RegNr.: 1027739175562
Tax number: 7708022854
Statistical number: 00041571

 

Registered capital

RUB

69 286 020,-

 

Stockholders

OOO "Proektno-stroitelnaya kompaniya "Transstroy"
ul Sadovaya-Spasskaya d 21/1, 107217 g Moskva
Beginning of validity: 27.11.2014

%

80,3836

 

 

 

OAO "LEMZ"
UL TRANSPORTNAYA D 6, 140000 G LYUBERTSY

%

0,12

 

Board of directors

Aleksandr Nikolaevich Dzvonkovskiy
Member of the board of directors

 

 

Elena Valerevna Nevsetaeva
Member of the board of directors

 

Kirill Aleksandrovich Polyakov
Member of the board of directors

 

 

Nikolay Petrovich Zaytsev
Member of the board of directors

 

SHtefan TSekhling
Member of the board of directors

 

Sole Executive Body

Igor Vladimirovich Pankin
Managing director

General data

Main activity:
Business and management consultancy activities



 

 

Full name:
Otkrytoe aktsionernoe obshchestvo Korporatsiya "Transstroy"

 

Name in foreign language:
OJSC "Transstroy" corporation

 

 

Short name:
OAO Korporatsiya "Transstroy"

 

 

 

Residence address:
ul Sadovaya-Spasskaya d 21/1, 107217 g Moskva

 

Office address:
ul Kolskaya d 2/6, 129329 g Moskva
Tel:
74956440200
Telefax:
74957777908
E-Mail:
info@transstroy.ru
Web:
www.corptransstroy.ru

 

 

 

Other activities

 

:

 

 

 

Site preparation

 

Demolition and wrecking of buildings; earth moving

 

 

Demolition and wrecking of buildings; earth moving

 

Demolition and wrecking of buildings; earth moving

 

 

Building of complete constructions or parts thereof; civil engineering

 

General construction of buildings and civil engineering works

 

 

General construction of buildings and civil engineering works

 

General construction of buildings and civil engineering works

 

 

General construction of buildings and civil engineering works

 

General construction of buildings and civil engineering works

 

 

General construction of buildings and civil engineering works

 

General construction of buildings and civil engineering works

 

 

General construction of buildings and civil engineering works

 

Erection of roof covering and frames

 

 

Construction of motorways

 

Construction of motorways

 

 

Construction of water projects

 

Construction of water projects

 

 

Construction of water projects

 

Construction of water projects

 

 

Other construction work involving special trades

 

Other construction work involving special trades

 

 

Other construction work involving special trades

 

Other construction work involving special trades

 

 

Other construction work involving special trades

 

Building installation

 

 

Installation of electrical wiring and fittings

 

Insulation work activities

 

 

Plumbing

 

Other building installation

 

 

Building completion

 

Plastering

 

 

Joinery installation

 

Floor and wall covering

 

 

Painting and glazing

 

Other building completion

 

 

Renting of construction or demolition equipment with operator

 

Maintenance and repair of motor vehicles

 

 

Wholeslae of other machinery and equipments

 

Wholesale of operational materials and accessories of vehicles and equipments

 

 

Storage and warehousing

 

Activities of other transport agencies

 

 

Other financial intermediation n.e.c.

 

Real estate agencies

 

 

Research and experimental development on natural sciences and engineering

 

Legal activities

 

 

Market research and public opinion polling

 

Architectural and engineering activities and related technical consultancy

 

 

Architectural and engineering activities and related technical consultancy

 

Architectural and engineering activities and related technical consultancy

 

 

Architectural and engineering activities and related technical consultancy

 

Architectural and engineering activities and related technical consultancy

 

 

Technical testing and analysis

 

Technical testing and analysis

 

Annual turnover

31/12/2006

Enterprise turnover

RUB

15 963 569 000,-

 

 

31/12/2007

Enterprise turnover

RUB

12 655 534 000,-

 

 

 

31/12/2008

Enterprise turnover

RUB

15 511 470 000,-

 

 

31/12/2009

Enterprise turnover

RUB

12 455 908 000,-

 

 

 

31/12/2010

Enterprise turnover

RUB

2 313 946 000,-

 

 

31/12/2011

Enterprise turnover

RUB

4 002 338 000,-

 

 

 

31/12/2012

Enterprise turnover

RUB

7 658 398 000,-

 

 

31/12/2013

Enterprise turnover

RUB

18 896 151 000,-

 

 

Events, negative data

03.05.2012 - Legal debt collection procedure

Remark:
A40-64605/2012: 4 822 502RUB

 

29.06.2012 - Legal debt collection procedure

Remark:
A40-89405/2012: 2155693,07 RUB

 

 

20.12.2012 - Legal debt collection procedure

Remark:
A40-166883/2012: 18403444,59 RUB

 

29.05.2014 - Legal debt collection procedure

Remark:
A40-81363/2014

 

 

02.07.2014 - Legal debt collection procedure

Remark:
A40-101165/2014

 

09.07.2014 - Legal debt collection procedure

Remark:
A40-106112/2014

 

 

18.08.2014 - Legal debt collection procedure

Remark:
A40-131071/2014

 

18.08.2014 - Legal debt collection procedure

Remark:
A40-131763/2014

 

 

03.09.2014 - Legal debt collection procedure

Remark:
A40-142571/2014

 

08.09.2014 - Legal debt collection procedure

Remark:
A40-145350/2014

 

 

16.09.2014 - Legal debt collection procedure

Remark:
A40-150679/2014

 

25.09.2014 - Legal debt collection procedure

Remark:
A40-156150/2014

 

 

16.10.2014 - The claim for the recognition of debtor insolvency

Remark:
A40-169271/2014

 

31.10.2014 - Termination of bankruptcy proceedings

Remark:
A40-169271/2014

 

 

24.11.2014 - Legal debt collection procedure

Remark:
A40-193136/2014

 

22.12.2014 - Legal debt collection procedure

Remark:
A40-214017/2014

 

 

23.03.2015 - The claim for the recognition of debtor insolvency

Remark:
A40-49691/2015

 

31.03.2015 - Acceptance of claim for the recognition of debtor insolvency

Remark:
A40-49691/2015

 

 

02.04.2015 - Legal debt collection procedure

Remark:
A40-58839/2015

Remarks

OAO “Korporatsiya “Transstroy” is the member and the main company of the group “Transstroy” specializing in construction of large-scale infrastructure projects.
Since 27.05.2011 the register of shareholders of OAO “Korporatsiya “Transstroy” is held by a private non-state registrar:
OAO “MEZHREGIONALNYI REGISTRATORSKIY TSENTR” – Reg. num.: 1021900520883.
The information about shareholders is closed. List of shareholders provided in the report was formed according to the information from last published official “List of affiliated persons” of the company of 31.03.2015.
According to the research, through the managing director of OAO “Korporatsiya “Transstroy”, Igor Vladimirovich Pankin, the company is affiliated with following legal persons:
OOO “Transstroy-invest” – OGRN: 1127746776200, Moscow. Igor Vladimirovich Pankin is the managing director of this company.
ZAO “INZHTRANSSTROY” – OGRN: 1027700060520, Moscow. Igor Vladimirovich Pankin is the head of the board of directors of this company.
Affiliation through the managing director with other legal subjects has not been revealed.
Debt collection (as claimant):
In 2014: 18 939 584, 53 RUB;
In 2013: 742 414, 33 RUB.
The company had state contracts on the total sum:
In 2014: 7 921 390 000 RUB;
In 2012: 18 440 861 753 RUB.
According to the information, disclosed by the Federal Tax Service, OAO “Korporatsiya “Transstroy” 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, OAO “Korporatsiya “Transstroy” does not have delays in social payments.
According to the information, disclosed by the Federal Labor Service, OAO “Korporatsiya “Transstroy” does not plan to attract foreign employees.
According to the research, OAO “Korporatsiya “Transstroy” 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.
OAO “Korporatsiya “Transstroy” 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.

 

Bank relations

MINB:
Central address: RU MOSKVA, UL.ORDZHONIKIDZE,5
Account number: 40702810600110000587

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 official source, it is authenticated by the auditor . (31.12.2013 - 1000 RUB) - Warning! The figures stated in the balance sheet may contain error(s).

 

 

Financial statement

 

 

BALANCE

A 31.12.2011

B 31.12.2012

C 31.12.2013

1. ASSETS

 

 

 

I. FIXED ASSETS

 

 

 

Intangible assets

1 271

1 271

1 271

The results of research and development

0

0

0

Intangible research assets

0

0

0

Tangible research assets

0

0

0

Fixed assets

33 463

106 617

234 489

Profitable investments in tangible assets

0

0

0

Financial investments

3 385 588

5 886 125

5 864 778

Deferred tax assets

17

362 576

630 877

Other non-current assets

2 123

0

0

TOTAL IN SECTION I.

3 422 462

6 356 589

6 731 415

II. CURRENT ASSETS

 

 

 

Inventories

2 296 729

248 263

406 679

VAT on acquired assets

387

22

20 832

Accounts receivable

6 784 528

13 876 551

13 236 217

Financial investments (excluding the monetary equivalent)

3 276 240

2 794 836

5 065 437

Cash and monetary equivalents

3 487

288 220

72 048

Other current assets

1 001 790

1 702 793

3 600 458

TOTAL IN SECTION II.

13 363 161

18 910 685

22 401 671

BALANCE

16 785 623

25 267 274

29 133 086

2. LIABILITIES

 

 

 

III. CAPITAL AND RESERVES

 

 

 

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

69 286

69 286

69 286

Treasury stock

0

-14 415

14 521

Revaluation of fixed assets

0

0

0

Additional capital (without revaluation)

1 334

1 334

1 334

Reserve capital

17 321

17 321

17 321

Retained earnings (uncovered loss)

3 266 465

3 602 399

3 645 450

TOTAL IN SECTION III.

3 354 406

3 675 925

3 718 870

IV. LONG-TERM LIABILITIES

 

 

 

Borrowed funds

0

0

0

Deferred tax liabilities

13 556

0

387 640

Provisions

0

0

0

Other liabilities

0

0

0

TOTAL IN SECTION IV.

13 556

0

387 640

V. SHORT-TERM LIABILITIES

 

 

 

Borrowed funds

5 488 629

8 619 826

11 686 358

Payables

7 901 203

12 498 698

10 764 045

Deferred income

0

0

0

Provisions

0

14 917

1 921 808

Sonstige Verbindlichkeiten

27 829

457 908

305 489

TOTAL IN SECTION V.

13 417 661

21 591 349

25 026 576

BALANCE

16 785 623

25 267 274

29 133 086

  1. 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 official source, it is authenticated by the auditor . (31.12.2013 - 1000 RUB)

 

 

PROFIT AND LOSS ACCOUNT

A 31.12.2011

B 31.12.2012

C 31.12.2013

Turnover

4 002 338

7 658 398

18 896 151

Cost of sales

2 913 570

6 977 184

17 250 844

Gross profit (loss)

1 088 768

681 214

1 645 307

Selling expenses

0

0

0

Administrative expenses

386 979

587 396

204 490

Sales profit (loss)

701 789

93 818

1 440 817

Earnings from other entities

0

9 324

1 608

Interest receivable

147 129

194 969

281 532

Interest payable

643 928

819 766

1 176 433

Other operating income

1 097 252

5 271 955

1 702 324

Other operating expenses

1 157 305

4 711 597

2 085 843

Profit (loss) before tax

144 937

38 703

164 005

Current profit tax

46 740

0

52 322

Permanent tax liabilities (assets)

22 351

381 081

52 322

Change in deferred tax liabilities

4 609

0

387 640

Change in deferred tax assets

14

362 576

268 301

Different

9 907

82 441

1 615

Net profit (loss)

83 695

318 838

43 051

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

0

0

0

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

0

0

0

Total financial result for period

83 695

318 838

43 051

 

 

 

RATIOS

 

2011

2012

2013

 

Current ratio

1

0,88

0,9

 

 

Quick ratio

0,82

0,86

0,88

 

Average Collection Period

512

492

262

 

 

Payables turnover Period

965

534

246

 

Debt ratio

0,8

0,85

0,87

 

 

Equity to total assets ratio

0,2

0,15

0,13

 

Funding ratio

0,25

0,17

0,15

 

 

Return on sales

2,09

4,16

0,23

 

Return on Assets

1

1,52

0,16

 

 

Return on Equity

4,99

9,07

1,16

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.37

UK Pound

1

Rs.92.44

Euro

1

Rs.66.56

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

ANK

 

 

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.