MIRA INFORM REPORT

 

 

Report No. :

305250

Report Date :

04.02.2015

 

IDENTIFICATION DETAILS

 

Name :

OOO "INVESTTRAST"     

 

 

Registered Office :

Ul Letnikovskaya D 13 A,  115114 G Moskva

 

 

Country :

Russia

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

17.08.2006

 

 

Com. Reg. No.:

5067746205654

 

 

Legal Form :

Limited Liability Companies

 

 

Line of Business :

Subject is wholesale of machinery and equipments.

 

 

No. of Employee :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 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, prospects for economic growth declined further, with expections that GDP growth could drop as low as zero.

 

Source : CIA

 


NOTE

 

In absence of financials, no credit limit could be recommended.

 

Company name and address

 

OOO "INVESTTRAST"     

                

Ul Letnikovskaya D 13 A,             

115114 G Moskva                        

                                                                               

Credit limit                   0,-                                                           

                                    EUR 0,-                   

                                    

Legal form                   Limited liability companies (OOO)                                              

Established on             17/08/2006 - Limited liability companies (OOO)                 

Registered on               17/08/2006, Mezhrayonnaya inspektsiya Federalnoy nalogovoy sluzhby ¹ 46 po g. Moskve

Reg Nr.:                        5067746205654               

Tax number:                 7707598395                                          

Statistical number:       96598580                                   

Registered capital         RUB            10 000,-    

 

                                                                    

Owner                   

 

Manvel Aramovich Galoyan                    %                    98    

Irina Aleksandrovna Orlova                     %                     2    

 

 

Sole Executive Body   

 

Manvel Aramovich Galoyan                                       

                                    Managing director                                               

 

 

General data   

                       

MAIN ACTIVITY:                                                 

                                    Wholesale of machinery and equipments                    (51.6)

                                    FULL NAME:                                                      

                                    Obshchestvo s ogranichennoy otvetstvennostyu "InvestTrast"     

                                    SHORT NAME:                                                    

                                    OOO "InvestTrast"                                               

                                       RESIDENCE ADDRESS:                                             

                                    Ul Letnikovskaya d 13 A, 115114 g Moskva                       

 

 

Other activities                                                              

                                   

Building of complete constructions or parts                    (45.2)

                                     thereof; civil engineering                                     

                                    General construction of buildings and civil                      (45.21)

                                    engineering works                                              

                                    Agents involved in the sale of machinery                        (51.14.2)

                                    Wholesale of machines for metal working                       (51.61.2)

                                    Wholesale of machines for other metal working               (51.61.3)

                                    Wholeslae of other machinery and equipments               (51.65)

                                    Wholesale of operational materials and                          (51.65.2)

                                    accessories of vehicles and equipments                         

                                    Wholesale of handling machineries and                          (51.65.3)

                                    equipments                                                      

                                    Wholesale of other machineries                                      (51.65.6)

                                    Other retail sale in non-specialized stores                       (52.12)

                                    Retail sale of hardware                                                  (52.46.73)

                                    Cargo handling and storage                                                       (63.1)

                                    Storage and warehousing                                              (63.12)

                                    Market research and public opinion polling                     (74.13.1)

                                    Business and management consultancy activities          (74.14)

                                    Advertising                                                                               (74.40)

 

 

Annual turnover    

 

31/12/2008      Enterprise turnover RUB                                      0,-    

31/12/2009      Enterprise turnover RUB                                      0,-    

31/12/2010      Enterprise turnover RUB                                      0,-    

 

 

Remarks               

 

Due to the reason that the financial statement of OOO         

                                   

 “InvestTrast”  is not disclosed, as well as contact telephone numbers, there is  possibility that the company is not-active. 

Therefore the Creditreform solvency index is not provided.     

During the research the following telephone numbers have been checked:                                                       

                                                                               

                                    +7 (499) 1201983 – the number is not responding;               

                                                                                

                                    +7 (499) 7138859 – the number is not available;                

                                                                               

                                    +7 (901) 5170723 – the number is not available.                

                                                                          

OOO “InvestTrast” does not provide any other contact information in available sources.                              

 

Managing director of the company was changed in September of 2014. Previous managing director: Orlova Irina Aleksandrovna.  

                                                                               

According to the research, through the managing director of OOO  “InvestTrast”, Manvel Aramovich Galoyan, the company is affiliated with following legal persons:                       

                                                                               

OOO “GURGEN KHAUS” – OGRN: 1087746669845, Moscow. Manvel Aramovich Galoyan is the owner of 100% of share capital of  this company.                                                  

                                                                               

IP Galoyan Manvel Aramovich  - OGRNIP: 305213814500121,Chuvashskaya  respublika Chuvashiya, humerlya. The entrepreneur lost his state registration in 2008.              

                                                                               

Affiliation through the managing director with other legal subjects has not been revealed.                                

OOO “InvestTrast” did not participate in court cases.          

                                                                               

According to the information, disclosed by the Federal Tax Service,  OOO “InvestTrast” 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, OOO “InvestTrast” does not have delays in social payments.                                            

                                                                                

According to the information, disclosed by the Federal Labor Service, OOO “InvestTrast” does not plan to attract foreign  employees.     

                                              

According to the research, OOO “InvestTrast” could meet some of the  most frequently encountered in practice                

characteristics of unreliable  companies (so-called “shell” companies), developed by the Federal Tax Service of Russian    

 

 

Federation

 

- Managing director of OOO “InvestTrast” is the shareholder of other companies;                                            

                                                                               

- OOO “InvestTrast” does not provide its financial statement to statistical agencies;                                       

                                                                               

- Ground capital of OOO “InvestTrast” is amounted to the fixed minimum amount of ground capital – 10 000 RUB.           

                                                                               

OOO “InvestTrast” 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.    

                               

A. The enclosed Updated Balance Form of 2008 is originated from official source, no data available about authentication. (31.12.2008 - 1000 RUB)        

 

B. The enclosed Updated Balance Form of 2009 is originated from official       

source, no data available about authentication. (31.12.2009 - 1000 RUB) 

      

C. The enclosed balance of 2010 is originated from official source, no data    

available about authentication. (31.12.2010 - 1000 RUB)                      

 

 

Updated Balance Form             

 

 A 31.12.2008    B 31.12.2009    C 31.12.2010

1. ASSETS                                                                      

I. FIXED ASSETS                                                                 

Intangible assets                                   0               0               0

Fixed assets                                         0               0               0

Construction in progress                        0               0               0

Profitable investments in                       0               0               0

tangible assets                                                                

Long-term financial investments              0               0               0

Deferred tax assets                               0               0               0

Other non-current assets                        0               0               0

TOTAL IN SECTION I.                           0               0               0

II. CURRENT ASSETS                                                             

Inventories                                            0               1               1

raw materials, materials and                  0               0               0

other similar assets                                                           

live stock                                                          0               0               0

WIP costs                                             0               0               0

finished goods and goods for                           0               0               0

resale                                                                         

goods shipped                                     0               0               0

Deferred expenses                                0               1               1

other inventories and costs                   0               0               0

VAT on acquired assets                        0               0               0

Accounts receivable (due after                           0               0               0

12 months)                                                                     

trade accounts receivable                     0               0               0

Accounts receivable (due                      0               1               0

before 12 months)                                                              

trade accounts receivable                     0               0               0

Short-term financial                               0               0               0

investments                                                                    

Cash                                                                 9               5               3

Other current assets                              0               0               0

TOTAL IN SECTION II.                            9               7               5

Net Worth                                             9               7               5

>2. LIABILITIES                                                                

Nominal capital                                     10              10              10

Treasury stock                                       0               0               0

Additional capital                                  0               0               0

Reserve capital                                     0               0               0

legal reserves                                        0               0               0

statutory reserves                                  0               0               0

Retained earnings (uncovered                -1              -4              -6

loss)                                                                          

TOTAL IN SECTION III.                           9               6               4

IV. LONG-TERM LIABILITIES                                                       

Borrowings and loans                            0               0               0

Deferred tax liabilities                            0               0               0

Other long-term liabilities                       0               0               0

TOTAL IN SECTION IV.                          0               0               0

V. SHORT-TERM LIABILITIES                                                      

Borrowings and loans                            0               0               0

Accounts payable                                 0               1               1

trade accounts payable                        0               0               0

payables to employees                                     0               0               0

payables to state extra-                         0               0               0

budgetary funds                                                                

taxes payable                                       0               0               0

other creditors                                       0               1               1

Dividends payable                                0               0               0

Deferred income                                   0               0               0

Reserves for future expenses                  0               0               0

Other short-term liabilities                      0               0               0

TOTAL IN SECTION V.                           0               1               1

BALANCE                                             9               7               5

Report about values recorded                                                   

on the Out-of-Balance Accounts                                                 

Leased assets                                       0               0               0

operating leasing                                   0               0               0

Goods and materials accepted                0               0               0

for custody                                                                     

Goods accepted for commission             0               0               0

Indebtedness of insolvent                      0               0               0

debtors written off to losses                                                   

Securities received for                           0               0               0

obligations and payment                                                        

Securities given for                               0               0               0

obligations and payment                                                        

Depreciation of housing stock                           0               0               0

Depreciation of land                              0               0               0

improvement facilities and                                                     

other similar objects                                                          

Intangible assets for use                        0               0               0

 

A. The enclosed Updated PnL of 2008 is originated from official source, no     

data available about authentication. (31.12.2008 - 1000 RUB)                   

B. The enclosed Updated PnL of 2009 is originated from official source, no     

data available about authentication. (31.12.2009 - 1000 RUB)                   

C. The enclosed profit and loss account of 2010 is originated from official    

source, no data available about authentication. (31.12.2010 - 1000 RUB)  

   

 

Updated PnL                       

 

A 31.12.2008    B 31.12.2009    C 31.12.2010

Net revenue from sales of                     0               0               0

goods, products, operations                                                    

and services (less VAT, excise                                                  

taxes and similar payments)                                                    

Cost of goods, products,                                  0               0               0

operations, and services sold                                                   

Gross profit                                          0               0               0

Selling expenses                                   0               0               0

Administrative expenses                       0               0               0

Sales profit (loss)                                  0               0               0

Interest receivable                                 0               0               0

Interest payable                                     0               0               0

Earnings from other entities                  0               0               0

Other operating income                        0               0               0

Other operating expenses                                  1               4               2

Profit (loss) before tax                          -1              -4              -2

Deferred tax assets                               0               0               0

Deferred tax liabilities                            0               0               0

Current profit tax                                   0               0               0

Net profit (loss) of the                           -1              -4              -2

reported period                                                                

Constant tax liabilities                            0               0               0

 


                                                              

Ratios               

                                    2008    2009    2010

                Current ratio                                      n/a     n/a     n/a

                Quick ratio                                        n/a     n/a     n/a

                Average Collection                n/a     n/a     n/a

                Period                                         

                Payables turnover                 n/a     n/a     n/a

                Period                                         

                Debt ratio                                         0    0,14     0,2

                Equity to total assets            1    0,86     0,8

                ratio                                           

                Funding ratio                         n/a       6       4

                Return on sales                     n/a     n/a     n/a

                Return on Assets                   n/a     -50  -33,33

                Return on Equity                   n/a     n/a     n/a

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs. 61.74

UK Pound

1

Rs. 92.71

Euro

1

Rs. 69.94

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ASH

 


 

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.