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Report No. : |
305977 |
|
Report Date : |
05.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SPORTMASTER LTD. |
|
|
|
|
Registered Office : |
UL Miklukho-Maklaya D 18, Korp 2, Komn 102, 117437 G Moskva |
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|
|
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Country : |
Russia |
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|
|
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Financials (as on) : |
31.12.2013 |
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|
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Date of Incorporation : |
27.06.2005 |
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|
|
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Legal Form : |
Limited Liability Companies |
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Line of Business : |
Subject is engaged in retail sale of clothing |
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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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|
|
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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 |
|
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 |
SPORTMASTER LTD.
UL
MIKLUKHO-MAKLAYA D 18, KORP 2, KOMN
102,117437
G MOSKVA
Tel:
74957777771
Telefax:
74957558190
E-Mail:
distribution@sportmaster.ru
Web:
www.sportmaster.ru
Positive
company development.
Good
order situation.
As
far as know, punctually.
Business
connection and credit are permissible.
Limited
liability companies (OOO)
27/06/2005
- Limited liability companies (OOO)
27/06/2005,
Mezhrayonnaya inspektsiya Federalnoy nalogovoy
sluzhby
¹ 46 po g. Moskve, RegNr.: 1057747320278
Tax
number: 7728551528
Statistical
number: 77522772
RUB
251 000 000,-
CHASTNAYA
KOMPANIYA S % 100
OGRANICHENNOY OTVETSTVENNOSTYU
"SPORTMASTER
OPEREYSHNZ PTE.LTD."
80,ROBINZON ROUD,¹ 02-00, 068898
SINGAPUR, Singapur
Leonid Borisovich
Strakhov
Managing
director
MAIN ACTIVITY:
Retail
sale of clothing
(52.42.1)
FULL NAME:
Obshchestvo s ogranichennoy
otvetstvennostyu "Sportmaster"
NAME IN FOREIGN LANGUAGE:
"Sportmaster"
Ltd.
SHORT NAME:
OOO
"Sportmaster"
RESIDENCE
ADDRESS:
UL
MIKLUKHO-MAKLAYA D 18, KORP 2, KOMN 102, 117437 G MOSKVA
Office address:
Kochnovskiy proezd d .4, str. 3,
125319 g. Moskva
Tel:
74959747890 /
74957777771
Telefax: 74957558190
E-Mail: distribution@sportmaster.ru
Web:
www.sportmaster.ru
The main activity of OOO “Sportmaster” is
retail trade of
sport
clothes and equipment. Currently “Sportmaster” chain is
represented by 200 shops in 70 cities of Russia. Since
2011
company is also represented in
Kazakhstan.
Wholesale of clothing
and footwear (51.42.1)
Wholesale of clothing and
footwear (51.42.2)
Wholesale of clothing and
footwear (51.42.3)
Wholesale of clothing and
footwear (51.42.4)
Wholesale
of clothing and footwear
(51.42.5)
Retail sale of clothing (52.42.2)
Retail sale of clothing (52.42.3)
Retail sale of clothing (52.42.4)
Retail sale of clothing (52.42.5)
Retail sale of clothing (52.42.6)
Retail sale of clothing (52.42.7)
Retail sale of clothing (52.42.8)
Retail sale of footwear and leather
goods (52.43.1)
Retail sale of footwear and leather
goods (52.43.2)
Other retail sale in specialized
stores (52.48.23)
Repair n.e.c. (52.74)
Real estate agencies (70.31.12)
Hardware consultancy (72.10)
Software consultancy and supply (72.20)
Maintenance and repair of office (72.50)
Advertising (74.40)
31/12/2006 Enterprise turnover RUB 3 074 127 000,-
31/12/2007 Enterprise turnover RUB 7 924 749 000,-
31/12/2008 Enterprise turnover RUB 14 126 173 000,-
31/12/2009 Enterprise turnover RUB 22 852 851 000,-
31/12/2010 Enterprise turnover RUB 32 980 097 000,-
31/12/2011 Enterprise turnover RUB 44 658 289 000,-
31/12/2012 Enterprise turnover RUB 58 166 522 000,-
31/12/2013 Enterprise turnover RUB 69 181 822 000,-
09.01.2014 - Legal
debt collection procedure
Remark:
A40-656/2014
04.03.2014
- Legal debt collection procedure
Remark:
A40-31695/2014
06.03.2014 - Legal debt collection
procedure
Remark:
A40-33350/2014
11.04.2014 - Legal debt collection
procedure
Remark:
A40-55468/2014
17.06.2014 - Legal debt collection
procedure
Remark:
A63-6338/2014
According to the
research, through the managing director of
OOO
“Sportmaster”, Leonid Borisovich Strakhov, the company is
affiliated
with following legal persons:
OOO "SPORTMASTER" – INN:
7716178510, Moscow region, Blizhnie
Prudishi. The company was liquidated due
to the decision of
the
owners on 21.02.2014. Leonid Borisovich Strakhov was the
general director of this
company.
OOO "Sportmaster"
participated in court cases as claimant and
collected the following amount of
debt:
In 2014: 3 481 995,17 RUB;
In 2013: 6 393 260,7 RUB;
In 2012: 577 117,41 RUB.
The subject had several state contracts
on the total sum:
In 2014: 33 959 RUB;
In 2013: 1 379 318 RUB;
In 2012: 5 340 657 RUB;
In 2011: 507 508 RUB.
According to the information,
disclosed by the Federal Tax
Service, OOO “Sportmaster” 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 “Sportmaster” does not have delays
in
social payments.
According to the information,
disclosed by the Federal Labor
Service, OOO “Sportmaster” does not
plan to attract foreign
employees.
According
to the research, OOO “Sportmaster” 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.
OOO “Sportmaster” 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.
Bank relations PROMSVYAZBANK:
Central address: RU MOSKVA,
UL.SMIRNOVSKAYA,10 STR.22
Account number:
40702810930190530401
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).
C.
The enclosed balance of 2013 is originated from official source, no data
available
about authentication. (31.12.2013 - 1000 RUB) - Warning! The figures
stated
in the balance sheet may contain error(s).
A 31.12.2011 B 31.12.2012 C
31.12.2013
1.
ASSETS
I.
FIXED ASSETS
Intangible
assets 50 636 53 534 84 492
The
results of research and 0 0 0
development
Intangible
research assets 0
0 0
Tangible
research assets 0
0 0
Fixed
assets 2 374 330 3 911 926 4 290 274
Profitable
investments in 652 193 777 385 5 592
tangible
assets
Financial
investments 102 289 103 670 103 661
Deferred
tax assets 0 0 0
Other
non-current assets 0
25 538 1 357 980
TOTAL
IN SECTION I. 3 179 448 4 872 053 5 841 999
II.
CURRENT ASSETS
Inventories 13 423 938 15 471 589 19 584 901
VAT
on acquired assets 226 006 109 045 325 719
Accounts
receivable 4 691 074 3 743 857 4 063 774
Financial
investments 26 128 99 054 104 249
(excluding
the monetary
equivalent)
Cash
and monetary equivalents 2 342 957 4 929 069 5 723 171
Other
current assets 2 651 1 868 1 699
TOTAL
IN SECTION II. 20 712 754 24 354 482 29 803 513
BALANCE 23 892 202 29 226 535 35 645 512
2.
LIABILITIES
III.
CAPITAL AND RESERVES
Authorized
capital (share 251 000 251 000 251 000
capital,
charter capital,
deposits
capital, partners
capital)
Treasury
stock 0 0 0
Revaluation
of fixed assets 0 0 0
Additional
capital (without 214 214 214
revaluation)
Reserve
capital 0 0 0
Retained
earnings (uncovered 8 895 463 14 386 369 18 834 014
loss)
TOTAL
IN SECTION III. 9 146 677 14 637 583 19 085 228
IV.
LONG-TERM LIABILITIES
Borrowed
funds 7 051 290 8 115 737 6 743 765
Deferred
tax liabilities 0 0 0
Provisions 0 0 0
Other
liabilities 0 0 0
TOTAL
IN SECTION IV. 7 051 290 8 115 737 6 743 765
V.
SHORT-TERM LIABILITIES
Borrowed
funds 543 801 387 976 422 972
Payables 7 150 396 6 085 189 9 393 423
Deferred
income 38 50 124
Provisions 0 0 0
Sonstige
Verbindlichkeiten 0
0 0
TOTAL
IN SECTION V. 7 694 235 6 473 215 9 816 519
BALANCE 23 892 202 29 226 535 35 645 512
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)
C.
The enclosed profit and loss account of 2013 is originated from official
source,
no data available about authentication. (31.12.2013 - 1000 RUB)
A 31.12.2011 B 31.12.2012 C
31.12.2013
Turnover 44 658 289 58 166 522 69 181 822
Cost
of sales 20 146 552 26 451 281 32 433 957
Gross
profit (loss) 24 511 737 31 715 241 36 747 865
Selling
expenses 18 930 145 24 602 494 30 789 551
Administrative
expenses 0 0 0
Sales
profit (loss) 5 581 592 7 112 747 5 958 314
Earnings
from other entities 0
0 0
Interest
receivable 30 802 145 668 172 616
Interest
payable 786 261 858 327 752 305
Other
operating income 1 840 341 2 487 403 2 438 654
Other
operating expenses 1 532 969 1 677 055 1 731 363
Profit
(loss) before tax 5 133 505 7 210 436 6 085 916
Current
profit tax 1 026 701 1 442 087 1 217 183
Permanent
tax liabilities 0 0 0
(assets)
Change
in deferred tax 0
0 0
liabilities
Change
in deferred tax assets
0 0 0
Different 172 341
277 443 421 088
Net
profit (loss) 3 934 463 5 490 906 4 447 645
Results
of fixed assets 0 0 0
revaluation,
non-includedin
net
profit/loss for period
Result
of other transactions, 0
0 0
non
included in net profit/
loss
for period
Total
financial result for 3 934 463 5 490 906 4 447 645
period
2011 2012 2013
Current ratio 2,69 3,76
3,04
Quick ratio 0,95
1,37 1,04
Average Collection 28,63 26,46
20,6
Period
Payables turnover 103 91,32
87,1
Period
Debt ratio 0,62
0,5 0,46
Equity to total assets 0,38 0,5
0,54
ratio
Funding ratio 0,62 1
1,15
Return on sales 8,81 9,44
6,43
Return on Assets 19,02 20,67
13,71
Return on Equity 54,8
46,17
26,38
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.68 |
|
|
1 |
Rs. 93.55 |
|
Euro |
1 |
Rs. 70.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.