MIRA INFORM REPORT
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Report No. : |
318601 |
|
Report Date : |
25.04.2015 |
IDENTIFICATION DETAILS
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Name : |
OOO "DALVARS" |
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|
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Registered Office : |
Ul Bumazhnaya D 4, 190020 G Sankt-Peterburg |
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Country : |
Russia |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
21.01.2009 |
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Legal Form : |
Limited liability companies (OOO) |
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Line of Business : |
Wholesale of household goods |
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No. of Employee : |
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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, 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
Company
summary
|
|
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Company
development |
Constant company development. |
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Business
course |
Satisfactory order situation. |
|
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Terms of
payment |
Slow but Correct |
|
Business
connection |
Business connection is not denied. Credit is
not assigned, it requires securities. |
|
Legal form |
Limited liability companies (OOO) |
|
|
Established
on |
21/01/2009 - Limited liability companies
(OOO) |
|
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Registered
on |
21/01/2009, MEZHRAYONNAYA INSPEKTSIYA FNS ROSSII
N 15 PO SANKT-PETERBURGU, RegNr.:
1097847012670 |
|||
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Registered
capital |
RUB |
10 000,- |
||
|
Owner |
OOO
"KONTREYL LOGISTIK SEVERO-ZAPAD" (Statistical number: 87439701) |
% |
70 |
|
|
VLADIMIR
VIKTOROVICH SHLAPAK |
% |
30 |
|
Sole
Executive Body |
VLADIMIR
VIKTOROVICH SHLAPAK |
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General
data |
Main
activity: |
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Full name: |
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Name in
foreign language: |
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Short
name: |
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Residence
address: |
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Other
activities |
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: |
||
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Other manufacturing n.e.c. |
(36.63.7) |
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Installation of electrical wiring and
fittings |
(45.31) |
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Maintenance and repair of motor vehicles |
(50.20) |
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Wholesale on a fee or contract basis |
(51.1) |
|
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Other wholesale trade |
(51.7) |
|
Other retail sale of new goods in specialized
stores |
(52.4) |
|
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Other business activities not elsewhere
classified |
(74.84) |
|
Annual
turnover |
31/12/2012 |
Enterprise turnover |
RUB |
50 530 000,- |
|
|
31/12/2013 |
Enterprise turnover |
RUB |
583 929 000,- |
|
Remarks |
The main activity of OOO “DALVARS” is
supply of hardware and fasteners. |
|
A. The enclosed profit and loss account of
2012 is originated from official source, no data available about
authentication. (31.12.2012 - 1000 RUB) |
|
Financial
statement
|
PROFIT AND LOSS
ACCOUNT |
A 31.12.2012 |
B 31.12.2013 |
C |
|
Turnover |
50 530 |
583 929 |
|
|
Cost of sales |
43 472 |
509 199 |
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Gross profit (loss) |
7 058 |
74 730 |
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Selling expenses |
6 808 |
68 116 |
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Administrative expenses |
0 |
0 |
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Sales profit (loss) |
250 |
6 614 |
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Earnings from other entities |
0 |
0 |
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Interest receivable |
0 |
0 |
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Interest payable |
0 |
0 |
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Other operating income |
192 |
8 191 |
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Other operating expenses |
383 |
12 515 |
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Profit (loss) before tax |
59 |
2 290 |
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Current profit tax |
12 |
459 |
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Permanent tax liabilities (assets) |
0 |
0 |
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Change in deferred tax liabilities |
0 |
0 |
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Change in deferred tax assets |
0 |
0 |
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Different |
0 |
3 |
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Net profit (loss) |
47 |
1 828 |
|
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Results of fixed assets revaluation,
non-includedin net profit/loss for period |
0 |
0 |
|
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Result of other transactions, non included
in net profit/loss for period |
0 |
0 |
|
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Total financial result for period |
47 |
1 828 |
|
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A. 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). |
|||
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BALANCE |
A 31.12.2012 |
B 31.12.2013 |
C |
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1. ASSETS |
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I. FIXED ASSETS |
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Intangible assets |
0 |
0 |
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The results of research and development |
0 |
0 |
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Intangible research assets |
0 |
0 |
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Tangible research assets |
0 |
0 |
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Fixed assets |
0 |
0 |
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Profitable investments in tangible assets |
0 |
0 |
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Financial investments |
0 |
0 |
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Deferred tax assets |
0 |
0 |
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Other non-current assets |
0 |
0 |
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TOTAL IN SECTION I. |
0 |
0 |
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II. CURRENT ASSETS |
|||
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Inventories |
6 471 |
22 628 |
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VAT on acquired assets |
0 |
0 |
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Accounts receivable |
21 557 |
182 022 |
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Financial investments (excluding the
monetary equivalent) |
0 |
2 500 |
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Cash and monetary equivalents |
423 |
976 |
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Other current assets |
1 081 |
0 |
|
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TOTAL IN SECTION II. |
29 533 |
208 126 |
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BALANCE |
29 533 |
208 126 |
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2. LIABILITIES |
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III. CAPITAL AND RESERVES |
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Authorized capital (share capital, charter
capital, deposits capital, partners capital) |
10 |
10 |
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Treasury stock |
0 |
0 |
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Revaluation of fixed assets |
0 |
0 |
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Additional capital (without revaluation) |
0 |
0 |
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Reserve capital |
0 |
0 |
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Retained earnings (uncovered loss) |
68 |
1 896 |
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TOTAL IN SECTION III. |
78 |
1 906 |
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IV. LONG-TERM LIABILITIES |
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Borrowed funds |
500 |
0 |
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Deferred tax liabilities |
0 |
0 |
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Provisions |
0 |
0 |
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Other liabilities |
0 |
0 |
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TOTAL IN SECTION IV. |
500 |
0 |
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V. SHORT-TERM LIABILITIES |
|||
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Borrowed funds |
0 |
9 795 |
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Payables |
28 955 |
196 425 |
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Deferred income |
0 |
0 |
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Provisions |
0 |
0 |
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Sonstige Verbindlichkeiten |
0 |
0 |
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TOTAL IN SECTION V. |
28 955 |
206 220 |
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BALANCE |
29 533 |
208 126 |
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RATIOS |
2012 |
2013 |
|
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Current ratio |
1,02 |
1,01 |
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Quick ratio |
0,8 |
0,9 |
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Average Collection Period |
n/a |
63,63 |
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Payables turnover Period |
n/a |
80,78 |
|
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Debt ratio |
1 |
0,99 |
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Equity to total assets ratio |
0 |
0,01 |
|
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Funding ratio |
0 |
0,01 |
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Return on sales |
0,09 |
0,31 |
|
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Return on Assets |
n/a |
1,54 |
|
Return on Equity |
n/a |
184 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.00 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.