MIRA INFORM REPORT

 

 

Report No. :

353763

Report Date :

15.12.2015

 

IDENTIFICATION DETAILS

 

Name :

OOO "TERMOINTEKH"

 

 

Registered Office :

P Zavoda Mosrentgen SDT Dary Prirody, D 78, 142771 G Moskva

 

 

Country :

Russia

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

09.03.2010

 

 

Com. Reg. No.:

1107746173941

 

 

Legal Form :

Limited Liability Companies

 

 

Line of Business :

Manufacture of Other Special Purpose Machinery N.E.C.

 

 

No. of Employees :

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

 

 

Status :

Moderate

 

 

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 – 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

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 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

 

Company name and address

 

OOO "TERMOINTEKH"

P zavoda Mosrentgen sdt DARY PRIRODY, d 78,
142771 g Moskva

Tel: 74954241844
Telefax: 74954241833
E-Mail: info@thermointech.ru
Web: www.thermointech.ru

 

 

Company Summary

 

 

Legal form

Limited liability companies (OOO)

 

Established on

09/03/2010 - Limited liability companies (OOO)

 

Registered on

09/03/2010, Mezhrayonnaya inspektsiya Federalnoy nalogovoy sluzhby № 46 po g. Moskve,

RegNr.: 1107746173941
Tax number: 7743772063
Statistical number: 65313000

Registered capital

RUB

1 202 404 810,-

 

 

Owner

OOO FIRMA "DZHONI-GEYM" (Statistical number: 29902380)
ul Bashilovskaya d 21, 127287 g Moskva

%

50,1

 

 

OAO "ROSNANO" (Statistical number: 94124398)
prosp 60-letiya Oktyabrya d 10 A, 117036 g Moskva

%

47,9

 

 

Sole Executive Body

YAkov Abaev
Managing director

General data

Main activity:
Manufacture of other special purpose machinery n.e.c.


(29.56.2)

 

 

Full name:
Obshchestvo s ogranichennoy otvetstvennostyu "Termoelektricheskie innovatsionnye tekhnologii"

 

Short name:
OOO "TERMOINTEKH"

 

 

 

Residence address:
p zavoda Mosrentgen sdt DARY PRIRODY, d 78, 142771 g Moskva

 

 

Plant, factory address:
4922-y proezd dom 4, str. 5,22, Moskovskaya obl. g. Zelenograd
Tel:
74959819161

 

Permanent address:
44-y km MKAD dom 1., 142771 g. Moskva
Tel:
74954241844
Telefax:
74954241833
E-Mail:
info@thermointech.ru
Web:
www.thermointech.ru

 

Other activities

 

:

 

 

 

Manufacture of other special purpose machinery n.e.c.

(29.56.9)

 

Manufacture of accumulators

(31.40.1)

 

 

Manufacture of other electrical equipment n.e.c.

(31.62)

 

Manufacture of other electrical equipment n.e.c.

(31.62.9)

 

 

Demolition and wrecking of buildings; earth moving

(45.11.1)

 

Demolition and wrecking of buildings; earth moving

(45.11.2)

 

 

Building of complete constructions or parts thereof; civil engineering

(45.2)

 

General construction of buildings and civil engineering works

(45.21.6)

 

 

Other building completion

(45.45)

 

Renting of construction or demolition equipment with operator

(45.50)

 

 

Agents involved in the sale of machinery

(51.14.2)

 

Agents involved in the sale of furniture

(51.15.3)

 

 

Agents specializing in the sale of particular products or ranges of products n.e.c.

(51.18.27)

 

Other financial intermediation n.e.c.

(65.23.3)

 

Annual turnover

31/12/2011

Enterprise turnover

RUB

0,-

 

 

31/12/2012

Enterprise turnover

RUB

482 000,-

 

 

Remarks

The main activity of OOO "TERMOINTEKH" is development of thermoelectric technologies.
The subject was created in 2008 with the support of OAO “Rosnano”.
The company did not disclose its financial statement for the period 2013-2014 to Federal State Statistics Service.
The affiliation of the company through the managing director with other legal entities has not been revealed .
In 2013 the company had 1 state contract for 10 000 000 RUB.
In 2015 the company participated in 3 court cases a claimant for total sum of debt 12 394 915 RUB.
According to the research, OOO "TERMOINTEKH" 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.
According to information, disclosed by the Federal Tax Service, OOO "TERMOINTEKH" does not have tax arrears, company is not going to be excluded from the state register as non-active. OOO "TERMOINTEKH" does not have delays in social payments.
According to information, disclosed by the Federal Labor Service, OOO "TERMOINTEKH" does not plan to attract foreign employees.
OOO "TERMOINTEKH" is not in the list of default debtors, the Register of unfair suppliers, the blacklist of Russians 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.

 

 

Financials

 

A. 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).

 

balance

A 31.12.2011

B 31.12.2012

C

1. ASSETS

 

 

 

I. FIXED ASSETS

 

 

 

Intangible assets

502 474

502 598

 

The results of research and development

0

6 144

 

Intangible research assets

0

0

 

Tangible research assets

0

0

 

Fixed assets

71 727

94 150

 

Profitable investments in tangible assets

0

0

 

Financial investments

500

500

 

Deferred tax assets

0

852

 

Other non-current assets

5 458

10 546

 

TOTAL IN SECTION I.

580 159

614 789

 

II. CURRENT ASSETS

 

 

 

Inventories

6 050

113 203

 

VAT on acquired assets

20 100

36 093

 

Accounts receivable

6 649

24 124

 

Financial investments (excluding the monetary equivalent)

0

0

 

Cash and monetary equivalents

556 162

364 741

 

Other current assets

45 749

1

 

TOTAL IN SECTION II.

634 710

538 162

 

BALANCE

1 214 869

1 152 951

 

2. LIABILITIES

 

 

 

III. CAPITAL AND RESERVES

 

 

 

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

1 202 405

1 202 405

 

Treasury stock

0

0

 

Revaluation of fixed assets

0

0

 

Additional capital (without revaluation)

0

0

 

Reserve capital

87

7 380

 

Retained earnings (uncovered loss)

7 293

-59 852

 

TOTAL IN SECTION III.

1 209 785

1 149 933

 

IV. LONG-TERM LIABILITIES

 

 

 

Borrowed funds

0

0

 

Deferred tax liabilities

0

0

 

Provisions

0

0

 

Other liabilities

0

0

 

TOTAL IN SECTION IV.

0

0

 

V. SHORT-TERM LIABILITIES

 

 

 

Borrowed funds

0

0

 

Payables

5 084

1 959

 

Deferred income

0

0

 

Provisions

0

1 059

 

Sonstige Verbindlichkeiten

0

0

 

TOTAL IN SECTION V.

5 084

3 018

 

BALANCE

1 214 869

1 152 951

 

A. 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)

 

profit and loss account

A 31.12.2011

B 31.12.2012

C

Turnover

0

482

 

Cost of sales

0

1 425

 

Gross profit (loss)

0

-943

 

Selling expenses

0

802

 

Administrative expenses

24 291

32 817

 

Sales profit (loss)

-24 291

-34 562

 

Earnings from other entities

0

0

 

Interest receivable

40 406

31 943

 

Interest payable

0

0

 

Other operating income

0

37

 

Other operating expenses

6 394

58 122

 

Profit (loss) before tax

9 721

-60 704

 

Current profit tax

2 429

0

 

Permanent tax liabilities (assets)

484

11 289

 

Change in deferred tax liabilities

0

0

 

Change in deferred tax assets

0

852

 

Different

0

0

 

Net profit (loss)

7 292

-59 852

 

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

0

0

 

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

0

0

 

Total financial result for period

7 292

-59 852

 

 

 

Ratios

 

2011

2012

 

Current ratio

125

178

 

 

Quick ratio

124

141

 

Average Collection Period

n/a

11652

 

 

Payables turnover Period

n/a

902

 

Debt ratio

0

0

 

 

Equity to total assets ratio

1

1

 

Funding ratio

238

381

 

 

Return on sales

n/a

-12417,43

 

Return on Assets

0,6

-5,06

 

 

Return on Equity

0,6

-5,07

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.99

UK Pound

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 :

KIN

 

 

Report Prepared by :

NIT

 

               


 

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.