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Report No. : |
351261 |
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Report Date : |
01.12.2015 |
IDENTIFICATION DETAILS
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Name : |
POLIMASTER OOO |
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Registered Office : |
Bogdanovicha Street 112, Minsk 220040 |
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Country : |
Belarus |
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Date of Incorporation : |
27.06.1997 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers and Distributors of Radiation
Monitoring and Control Equipment. |
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No. of Employees : |
168 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 : |
No Complaints |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Belarus |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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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 |
BELARUS - ECONOMIC OVERVIEW
As part of the former Soviet Union, Belarus had a relatively
well-developed, though aging industrial base; it retained this industrial base
- which is now outdated, energy inefficient, and dependent on subsidized
Russian energy and preferential access to Russian markets - following the
breakup of the USSR. The country also has a broad agricultural base which is
largely inefficient and dependent on government subsidies. After an initial
burst of capitalist reform from 1991-94, including privatization of smaller
state enterprises and some service sector businesses, creation of institutions
of private property, and development of entrepreneurship, Belarus' economic
development greatly slowed. About 80% of all industry remains in state hands,
and foreign investment has been hindered by a climate hostile to business. A
few banks, which had been privatized after independence, were renationalized.
State banks account for 75% of the banking sector. Economic output, which had
declined for several years following the collapse of the Soviet Union, revived
in the mid-2000s thanks to the boom in oil prices. Belarus has only small
reserves of crude oil, though it imports most of its crude oil and natural gas
from Russia at prices substantially below the world market. Belarus exported
refined oil products at market prices produced from Russian crude oil purchased
at a steep discount. In late 2006, Russia began a process of rolling back its
subsidies on oil and gas to Belarus. Tensions over Russian energy reached a
peak in 2010, when Russia stopped the export of all subsidized oil to Belarus
save for domestic needs. In December 2010, Russia and Belarus reached a deal to
restart the export of discounted oil to Belarus. In 2015, Belarus continued to
import Russian crude oil at a discounted price. However, the plunge in global
oil prices heavily reduced revenues. Little new foreign investment has occurred
in recent years. In 2011, a financial crisis began, triggered by government directed
salary hikes unsupported by commensurate productivity increases. The crisis was
compounded by an increased cost in Russian energy inputs and an overvalued
Belarusian ruble, and eventually led to a near three-fold devaluation of the
Belarusian ruble in 2011. In November 2011, Belarus agreed to sell to Russia
its remaining shares in Beltransgaz, the Belarusian natural gas pipeline
operator, in exchange for reduced prices for Russian natural gas. Receiving
more than half of a $3 billion loan from the Russian-dominated Eurasian
Economic Community (EurAsEC) Bail-out Fund, a $1 billion loan from the Russian
state-owned bank Sberbank, and the $2.5 billion sale of Beltranzgas to Russian
state-owned Gazprom helped stabilize the situation in 2012; nevertheless, the
Belarusian currency lost more than 60% of its value, as the rate of inflation
reached new highs in 2011 and 2012, before calming in 2013. As of January 2014,
the final tranche of the EurAsEC loan has been delayed. In December 2013,
Russia announced a new loan for Belarus of up to $2 billion for 2014.
Notwithstanding foreign assistance, the Belarusian economy continued to
struggle under the weight of high external debt servicing payments and trade
deficit. In mid-December 2014, structural economic shortcomings were aggravated
by the devaluation of the Russian ruble and triggered a near 40% devaluation of
the Belarusian ruble. Belarus entered 2015 with stagnant economic growth and
reduced hard currency reserves, with under one month of import cover.
|
Source
: CIA |
CO. NAME : POLIMASTER
OOO (CORRECT)
POLIMASTER LTD (REQUESTED)
Street :
Skoriny Street 51
Town :
Minsk 220141
Country :
Belarus
Telephone: (375 17) 217 7080 / 268 6819 (Reception)
/ 288 3564 (Marketing Department) / 285 9348 / 263 7200 / 263 8188 / 288 3561
Fax :
(375 17) 217 7081 / 217 7083 / 21 7087
E-Mail : polimaster@polimaster.com /
info@polimaster.com / borisova@polimaster.com
Website : www.polimaster.ru
Extended
Name : Polimaster Obshchestvo s
Ogranichennoy Otvetstvennostyu
English
Translation : Polimaster LLC
Name Position
1. Dmitriy Nikolaevich Buriy Managing
Director
2. Aleksandr Nikolaevich Gordeev Deputy
Director / Commerce
3. Lyubov Vladimirovna Borisova Head
of Foreign Affairs
Department
Total Employees: 168
No complaints have been heard regarding payments
from local suppliers or banks.
We consider it is acceptable to deal with subject
for MEDIUM amounts, although it is normal accepted practice for international
suppliers to deal on secured terms with Belarusian importers.
Trade risk assessment: Normal
NAME : BANK BELVEB OJSC
Branch : Pobediteley
Avenue 29
Town : Minsk 220004
Telephone :
(375 17) 215 6115
Fax : (375 17) 309 6212
Private companies in Belarus are not required to publish
or disclose balance sheets. However, the subject interviewed offered the
following information :
Sales Turnover :
US DLRS 8,000,000 - 2014 - exact
: US DLRS
8,000,000 - 2015 - projected
Net Profit :
not given but stated to be profitable
Financial year ends 31 December.
Date Started : 27 June 1997
History : Subject was established in Belarus on 27
June 1997, however its
origins can be traced back to 1992.
Tax No. : UNP 100345122
Statistics
Code : OKPO 14804920
Capital : not given
Ludmila
Antonovskaya
100%
(Belarusian
national)
Affiliated companies of Polimaster OOO:
Associates
Subject
is a member of the Polimaster Group of
Companies, headed by:
Polimaster Holding GmbH
Argentinierstrasse 21/10
Vienna
1040
Austria
Other members of the group includes the
following companies :
1.
Polimaster Europe UAB
Ezero Street 4
Didziasalio k., Nemezio sen.
Vilnius LT-13264
Lithuania
Telephone: (370 5) 210 2323 / 210 2324
2.
Polimaster Pacific Kabushiki Kaisha
Casa de Kudan #506
Kudan-kita 1-1-7, Chiyoda-ku
Tokyo
Japan
Telephone: (81 036) 272 4280
Fax
: (81 036) 272 4290
3.
Polimaster Inc
Falcon Place 44873, Suite No. 128
Sterling VA 20166
USA
Telephone: (1 703) 525 5075 / 608 3850
Fax
: (1 703) 525 5079
4. Polimaster IP Solutions LLC
Sterling, VA
USA
5.
Polimaster Investments Limited
Nicosia
Cyprus
6. Polimaster International IP
Minsk
The Company is involved in the following activities
:
Manufacturers and distributors of radiation
monitoring and control equipment.
Subject also provides after-sale and repair
services.
NACE Code: 2790
Imports from Russia, China, USA and Poland
Exports to 73 countries in Europe, North America,
Africa and USA.
The Company has the following facilities :
Premises comprising administrative offices, a
manufacturing unit and storage facilities located at the heading address.
Subject plans to move to its own building located
at Miroshnichenko Street 41 by 2017.
Bogdanovicha Street 112
Minsk 220040
You enquired on : “POLIMASTER LTD”. Please note that
the correct name is as per heading.
The
address given by you : “112, BOGDANOVICH ST., MINSK, 220040” is misspelt and
applies to subject's registered office address. Please note that subject’s
correct administrative office address is as per heading.
Interviewed : Lyubov Vladimirovna Borisova (Head of
Foreign Affairs Department).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.81 |
|
|
1 |
Rs.100.36 |
|
Euro |
1 |
Rs.70.68 |
|
BYR |
1 |
Rs.0.0037 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
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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.