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Report No. : |
353707 |
|
Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
AO "VTK"KAMAZ" |
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|
|
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Registered Office : |
Prosp Avtozavodskiy D 2, 423827 G Naberezhnye Chelny |
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|
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Country : |
Russia |
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|
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
15.12.2002 |
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|
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Legal Form : |
Closed and joint-stock companies (ZAO) |
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|
|
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Line of Business : |
Sale of motor vehicles. |
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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 |
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|
|
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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) |
|
Russia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 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. In 2014, economic growth declined further when Russia forcibly violated Ukraine’s sovereignty and territorial integrity, and interfered in Ukraine’s internal affairs. In the second half of 2014, the Russian ruble lost about half of its value, contributing to increased capital outflows that reached $151.5 billion for the year; the ruble remains volatile. Declining oil prices, lack of economic reforms, and the imposition of foreign sanctions have contributed to the downturn and created wide expectations the economy will continue to slump. In April 2015, the Russian Ministry of Economic Development predicted that the Russia’s economy will contract by 3% in 2015, and average only 2.5% growth through 2030.
|
Source
: CIA |
AO "VTK"KAMAZ"
Prosp Avtozavodskiy D 2,
423827 G Naberezhnye Chelny
Tel: 78552373909
E-Mail: kokinaev@kamaz.org
Web: www.kamaz.ru
|
Company development |
Constant
company development. |
|
Business course |
Satisfactory
order situation. |
|
|
Terms of payment |
Mostly within agreed
terms, in individual cases dalays of payments / payment reminders. |
|
Business connection |
Business
connection appears permissable. |
|
Legal form |
Closed and
joint-stock companies (ZAO) |
|
|
Established on |
04/03/2002 - Closed
and joint-stock companies (ZAO) |
|
|
Registered on |
15/12/2002,
Inspektsiya MNS Rossii po g.Naberezhnye CHelny Respubliki Tatarstan, RegNr.:
1021602027622 |
|||
|
Registered capital |
RUB |
365 209 597,- |
|
|
|
Owner |
PAO "KAMAZ" |
% |
100 |
|
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Sole Executive Body |
Rafail Vasilovich Gafeev |
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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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Sale of motor
vehicles |
(50.10.2) |
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Maintenance and
repair of motor vehicles |
(50.20.2) |
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Sale of motor
vehicle parts and accessories |
(50.30.1) |
|
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Sale of motor
vehicle parts and accessories |
(50.30.2) |
|
|
Financial
leasing |
(65.21) |
|
|
Market research
and public opinion polling |
(74.13.1) |
|
|
Advertising |
(74.40) |
||||
|
Annual turnover |
31/12/2006 |
Enterprise
turnover |
RUB |
906 795 000,-
|
|
|
|
|
31/12/2007 |
Enterprise turnover
|
RUB |
825 090 000,-
|
|
|
|
31/12/2008 |
Enterprise
turnover |
RUB |
629 035 000,-
|
|
|
|
31/12/2009 |
Enterprise
turnover |
RUB |
494 264 000,-
|
|
|
|
31/12/2010 |
Enterprise
turnover |
RUB |
587 434 000,-
|
|
|
|
31/12/2011 |
Enterprise
turnover |
RUB |
793 852 000,-
|
|
|
|
31/12/2012 |
Enterprise
turnover |
RUB |
738 291 000,-
|
|
|
|
31/12/2013 |
Enterprise
turnover |
RUB |
772 261 000,-
|
|
|
|
31/12/2014 |
Enterprise turnover
|
RUB |
791 714 000,-
|
|
|
Remarks |
AO
“Vneshnetorgovaya kompaniya KAMAZ” is a supplier of cars. |
|
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). |
|
|
BALANCE |
A 31.12.2012 |
B 31.12.2013 |
C 31.12.2014 |
|
1. ASSETS |
|
|
|
|
I. FIXED ASSETS
|
|
|
|
|
Intangible
assets |
7 |
4 |
2 |
|
The results of
research and development |
0 |
0 |
0 |
|
Intangible
research assets |
0 |
0 |
0 |
|
Tangible
research assets |
0 |
0 |
0 |
|
Fixed assets |
1 058 |
1 992 |
1 167 |
|
Profitable
investments in tangible assets |
0 |
0 |
0 |
|
Financial
investments |
95 993 |
172 979 |
52 911 |
|
Deferred tax
assets |
72 156 |
59 549 |
6 944 |
|
Other
non-current assets |
11 |
48 |
0 |
|
TOTAL IN
SECTION I. |
169 225 |
234 572 |
61 024 |
|
II. CURRENT
ASSETS |
|
|
|
|
Inventories |
90 940 |
82 338 |
83 958 |
|
VAT on acquired
assets |
41 480 |
45 917 |
47 558 |
|
Accounts
receivable |
2 907 600
|
3 970 732
|
5 873 618
|
|
Financial
investments (excluding the monetary equivalent) |
0 |
0 |
0 |
|
Cash and
monetary equivalents |
23 754 |
105 263 |
143 161 |
|
Other current
assets |
0 |
0 |
0 |
|
TOTAL IN
SECTION II. |
3 063 774
|
4 204 250
|
6 148 295
|
|
BALANCE |
3 232 999
|
4 438 822
|
6 209 319
|
|
2. LIABILITIES |
|
|
|
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III. CAPITAL
AND RESERVES |
|
|
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Authorized capital
(share capital, charter capital, deposits capital, partners capital) |
365 210 |
365 210 |
365 210 |
|
Treasury stock |
0 |
0 |
0 |
|
Revaluation of
fixed assets |
0 |
0 |
0 |
|
Additional
capital (without revaluation) |
12 625 |
12 625 |
12 625 |
|
Reserve capital
|
7 678 |
0 |
18 260 |
|
Retained
earnings (uncovered loss) |
-115 655 |
649 349 |
269 978 |
|
TOTAL IN
SECTION III. |
269 858 |
1 027 184
|
666 073 |
|
IV. LONG-TERM
LIABILITIES |
|
|
|
|
Borrowed funds |
0 |
0 |
0 |
|
Deferred tax
liabilities |
0 |
0 |
59 |
|
Provisions |
0 |
0 |
0 |
|
Other
liabilities |
0 |
0 |
0 |
|
TOTAL IN
SECTION IV. |
0 |
0 |
59 |
|
V. SHORT-TERM
LIABILITIES |
|
|
|
|
Borrowed funds |
0 |
515 006 |
401 254 |
|
Payables |
2 957 105
|
2 887 784
|
5 134 249
|
|
Deferred income
|
0 |
0 |
0 |
|
Provisions |
6 036 |
8 848 |
7 684 |
|
Sonstige
Verbindlichkeiten |
0 |
0 |
0 |
|
TOTAL IN
SECTION V. |
2 963 141
|
3 411 638
|
5 543 187
|
|
BALANCE |
3 232 999
|
4 438 822
|
6 209 319
|
|
A. The enclosed
profit and loss account of 2012 is originated from official source, no data
available about authentication. (31.12.2012 - 1000 RUB) |
|||
|
PROFIT AND LOSS ACCOUNT |
A 31.12.2012 |
B 31.12.2013 |
C 31.12.2014 |
|
Turnover |
738 291 |
772 261 |
791 714 |
|
Cost of sales |
632 838 |
733 982 |
672 388 |
|
Gross profit
(loss) |
105 453 |
38 279 |
119 326 |
|
Selling
expenses |
18 158 |
8 366 |
39 497 |
|
Administrative
expenses |
0 |
0 |
0 |
|
Sales profit
(loss) |
87 295 |
29 913 |
79 829 |
|
Earnings from
other entities |
2 622 |
676 717 |
465 556 |
|
Interest
receivable |
1 452 |
516 |
323 |
|
Interest
payable |
0 |
3 535 |
42 600 |
|
Other operating
income |
56 189 |
178 690 |
1 100 625
|
|
Other operating
expenses |
408 095 |
99 694 |
1 223 589
|
|
Profit (loss)
before tax |
-260 537 |
782 607 |
380 144 |
|
Current profit
tax |
16 568 |
12 517 |
13 474 |
|
Permanent tax liabilities
(assets) |
69 253 |
-131 359 |
-9 891 |
|
Change in
deferred tax liabilities |
0 |
0 |
59 |
|
Change in
deferred tax assets |
-53 |
-12 607 |
-52 605 |
|
Different |
814 |
143 |
135 |
|
Net profit
(loss) |
-277 972 |
757 340 |
313 871 |
|
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 |
-277 972 |
757 340 |
313 871 |
|
|
|||
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RATIOS |
|
2012 |
2013 |
2014 |
|
|
Current ratio |
1,03 |
1,23 |
1,11 |
|
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Quick ratio |
1 |
1,21 |
1,09 |
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Average
Collection Period |
1486 |
1625 |
2269 |
|
|
Payables
turnover Period |
1787 |
1453 |
2177 |
|
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Debt ratio |
0,92 |
0,77 |
0,89 |
|
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Equity to total
assets ratio |
0,08 |
0,23 |
0,11 |
|
|
Funding ratio |
0,09 |
0,3 |
0,12 |
|
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Return on sales
|
-37,65 |
98,07 |
39,64 |
|
|
Return on
Assets |
-7,96 |
19,74 |
5,9 |
|
|
Return on
Equity |
-71,94 |
117 |
37,07 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.99 |
|
|
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.73.47 |
|
RUB |
1 |
Rs.0.95 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
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.