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Report No. : |
306134 |
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Report Date : |
10.02.2015 |
IDENTIFICATION DETAILS
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Correct Name : |
BRESTKAYA
OBLASTNAYA BAZA BAKALEYA OAO |
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Registered Office : |
Yanki Kupaly Street 100, Brest 224020 |
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Country : |
Belarus |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
03.04.2003 |
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Legal Form : |
Open Joint Stock Company |
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Line of Business : |
Importers, Wholesalers and retailers
of Alcoholic and Non-Alcoholic Beverages, Food Products, Fruits and
Vegetables. |
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No of Employees : |
1,059 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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.
Belarus ECONOMIC OVERVIEW
As part of the former Soviet Union, Belarus had a relatively well-developed industrial base; it retained this industrial base - which is now outdated, energy inefficient, and dependent on subsidized Russian energy and preferential access to Russian markets - following the breakup of the USSR.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 inefficient and dependent on government subsidies. After an initial burst of capitalist reform from 1991-94, including privatization of state enterprises, 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. 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, but in December 2013 Russia announced a new loan for Belarus of up to $2 billion for 2014. Notwithstanding foreign assistance, the Belarusian economy continues to struggle under the weight of high external debt servicing payments, a growing trade deficit, stagnant economic growth, and low foreign reserves.
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Source
: CIA |
Brestkaya
Oblastnaya Baza Bakaleya OAO (Correct)
PUBLIC JOINT STOCK COMPANY (Requested)
Street :
Yanki Kupaly Street 100
Town :
Brest 224020
Country :
Belarus
Telephone : (375
16) 246 1387 / 246 6101 / 241 7697 (HR Department) / 240 8980 / 246 1985 / 244
8439
(Commercial department) / 241 8177 / 246 2312
(Foreign Relations Department) / 246 1339 / 241 6754 / 242 9635 (Sales
Department) / 246 1220 (Marketing Department) / 241 5729 / 242 9139 / 246 1215
/ 241 6001 (Accounts Department) / 252 7382 (Legal Department) / 246 1271 (Igor
Nikolayevich) / 246 1388 (Lubov Andreyevna Mechnik)
Fax :
(375 16) 246 1387
E-Mail
:
referent@brestbakaleya.com / commerce@brestbakaleya.com / vts@brestbakaleya.com
/
marketing@brestbakaleya.com / buh@brestbakaleya.com /
legal@brestbakaleya.com /
igalievski@brestbakaleya.com
Website
: www.brestbakaleya.com
Extended Name : Brestkaya Oblastnaya
Baza Bakaleya Otkrytoye Aktsyonernoye Obshchestvo
English Translation : Bakaleya Brest
Regional Storehouse Open Joint-Stock Company
Also known as : Public Joint Stock Company
Brestskaya Oblastnaya Baza Bakaleya
Name Position
1.
Valentina Alekseevna Khandoshko Managing Director
2.
Lubov Andreyevna
Mechnik Chief
Accountant
3. Igor Nikolayevich Commercial Director
4.
Aleksnadr Aleksandrovich Ostriy Head of Foreign Relations Department
Total
Employees : 1,059
No
complaints have been heard regarding payments from local suppliers or banks.
We
consider it is acceptable to deal with subject for LARGE amounts, although it
is normal accepted practice for international suppliers to deal on secured
terms with Belarusian importers.
Trade
risk assessment: Normal
NAME : TRESCH SA
Street : 74 Avenue de Belgique
Town : F.68110 Illzach
Country : France
NAME : TAVRIA
Street : pr. Dnipropetrovskiy 299
Town : Nova Kahovka, Khersonska oblast 74905
Country : Ukraine
NAME : ASB BELARUSBANK OJSC
Branch : Moskovskaya Street 202
Town : Minsk 224020
Telephone:
(375 16) 222 3074
Fax : (375 16) 222 3074
Acc.
No. : 3012780020029
MFO : 150501246
The company also has an account with :
MT
Bank JSC
Partizansky
Avenue 6A
Minsk
220033
Telephone:
(375 17) 229 9888
Fax : (375 17) 213 2909
Private
companies in Belarus are not required to publish or disclose balance sheets.
However, the subject interviewed offered the following information :
Sales
Turnover : B ROUBLE 44,635,000,000 - 2003 - exact
: B ROUBLE 55,947,000,000 - 2004 - exact
: B ROUBLE 80,176,000,000 - 2005 - exact
: B ROUBLE 105,712,000,000 - 2006 - exact
: B ROUBLE 131,766,000,000 - 2007 - exact
: B ROUBLE 168,450,000,000 - 2008 – exact
: B ROUBLE 196,707,000,000 – 2009 – exact
: B ROUBLE 256,759,000,000 – 2010 – exact
: B ROUBLE 449,181,000,000 – 2011 – exact
: B ROUBLE 737,878,000,000 – 2012 – exact
: B ROUBLE 851,985,000,000 – 2013 – exact
: B ROUBLE 705,421,000,000 – 2014 – exact**
Net
Profit : B ROUBLE 576,000,000 - 2003 - exact
: B ROUBLE 951,000,000 - 2004 - exact
: B ROUBLE 1,391,000,000 - 2005 - exact
: B ROUBLE 335,000,000 - 2006 – exact *
: not given - 2007/2010
: B ROUBLE 18,548,000,000 - 2011 - exact
: B ROUBLE 13,597,000,000 - 2012 - exact
: B ROUBLE 13,315,000,000 - 2013 - exact
: B ROUBLE 12,502,000,000 - 2014 – exact**
Total
Capital Investment : US DLRS 10,000,000
– approx
*
3 months results (January – March).
**
9 months results (January - September).
Financial
year ends 31 December.
Balance
Sheet as at 31 December 2004 showed (latest available):
2003 2004
B ROUBLE B ROUBLE
FIXED ASSETS
Intangible Assets 3,676,000,000 4,525,000,000
Tangible Assets 31,000,000 24,000,000
Long Term Financial Investments 14,000,000 79,000,000
Total Fixed Assets 3,721,000,000 4,628,000,000
CURRENT ASSETS
Inventories 132,000,000 249,000,000
Value Added Tax on Purchased Goods 286,000,000 550,000,000
Products and Goods
2,960,000,000 4,321,000,000
Goods Sold 2,522,000,000 3,654,000,000
Accounts Receivable 7,000,000 795,000,000
Monetry Assets 141,000,000 280,000,000
Total Current Assets 6,048,000,000 9,849,000,000
Total Assets 9,769,000,000 14,477,000,000
SHAREHOLDERS' EQUITY
Share Capital 2,161,000,000 2,161,000,000
Legal Reserve 2,000,000 1,000,000
Additional Capital 1,899,000,000 2,721,000,000
Retained Earnings 335,000,000 563,000,000
Total Shareholders' Equity 4,397,000,000 5,446,000,000
Future Expenses (11,000,000) (22,000,000)
LIABILITIES
Short Term Borrowings 434,000,000 897,000,000
Long Term Borrowings --- 346,000,000
Trade Credits 4,949,000,000 7,810,000,000
Total Liabilities 5,383,000,000 9,053,000,000
Total Liabilities & Shareholders
Equity
9,769,000,000 14,477,000,000
Financial
year ends 31 December.
Date
Started : 3 April 2003
History
: History : The subject company has its origins as a state owned
enterprise which was established on 8 March 1949. It became an open joint stock
company on 3 April 2003.
Tax
No. : UNP 200014118
Statistics Code : OKPO 01569305
Authorised
& Paid-Up Capital : B ROUBLE 4,511,072,500 divided into 820,195 shares of B
ROUBLE 5,500 each (increased from B ROUBLE 2,277,079,200)
Otkrytoye Aktsyonernoye Obshchestvo (open joint stock company) with the
following shareholders :
Shareholders Percentage
1.
Fond Brestoblimushchestvo 80%
(State Property Management Fund of Brest
Province)
Lenin Street 11
Brest 224006
Telephone: (375 16) 223 4206
Fax
: (375 16) 223 4206
2.
1,693 individual shareholders 20%
The Company is involved in the following activities :
Trading
as importers, wholesalers and retailers of alcoholic and non-alcoholic
beverages, food products, fruits and vegetables.
NACE
Code: 4639
Imports
from Italy, Greece, UK, Pakistan, India, Thailand, Sri Lanka, Mexico, Uruguay,
Chile, Argentina, France, Spain, Germany, Georgia, Armenia, Ukraine, Moldova
and Russia.
Subject
does not export, all sales are domestic.
The Company has the following facilities :
Owned
premises (70,000 sq. m.) comprising administrative offices, a showroom and storage facilities located at the
heading address as well as six branch offices and 30 retail outlets located
throughout Belarus (see 'Branch Offices' below).
Yanki
Kupaly Street 100
Brest
224020
1. Branch Office No.1
Slonimskoe
Highway 1st km
Baranovichi 225320
Telephone:
(375 16) 340 0408
Fax : (375 16) 340 0389
2. Branch Office No.2
Kozuboskogo Street 1
Pinsk 225710
Telephone: (375 16) 337 1533
Fax : (375 16) 537 1183
3. Branch Office No.3 RTP “KobrinBakaleya”
Pl.
Zamkovaya 10
Kobrin 225306
Telephone:
(375 16) 322 3408
Fax : (375 16) 422 7986
C.R. No. :
03387 (issued on 17 February 2003)
Tax No. :
UNP 200980168
Statistics
Code : OKPO 01569305
Managing
Director: Valentina Nikolaevna Alisievich
4. Branch Office No.4
Bazovskaya
Street 1A, Settlement Sukhorukie
Minsk 223050
Telephone: (375 17) 507 8913 / 507 8926
Fax : (375 17) 507 8649
5. TUP “Pinsk Bakaleya”
Belova
Street 2
Pinsk
225710
Telephone:
(375 16) 535 1826
Fax : (375 16) 535 1843
C.R. No. :
0088552 (issued on 10 April 2014)
Tax No. :
UNP 291124414
Managing
Director: Aleksnadr Vasilyevich Pikulik
6. Branch Office No.5
Mogilev
Street 1B
Gomel
246000
Telephone:
(375 23) 254 3610
Fax : (375 23) 263 9958
7. Branch Office No. 6
Rezervnya
Street 9
Mogilev
212002
Telephone:
(375 22) 244 9333
Fax : (375 22) 244 8744
8.
Retail Outlet No.2 “Vinar ”
Lenina Street 16
Brest
9.
Retailer Outlet No.5
Sikorskogo Street 43
Brest
10.Retail
Outlet No.10
Gogolya Street 82
Brest
11.Retail
Outlet No.22 “Vinar”
Suvorova Street 104
Brest
12.Retail
Outlet No.23 “Producti”
Yanki
Kupaly Street 100
Brest 224020
13.Retail
Outlet No.9
Yanki Kupaly Street 18/6
Brest
14.Retail Outlet No.33
Vereskovaya Street 43
Brest
15.Bistro
Yanki Kupaly Street 100
Brest 224020
16.Retail
Outlet No.4
Zheleznodorozhnaya Street 5
Kobrin
17.Retail
Outlet No.7
Sovetskaya Street 115/2
Kobrin
18.Bar
Kutuzova Street 16
Kobrin
19.Retail
Outlet No.15 and Bar
9 May Street 1
Kobrin
20.Retail
Outlet No.24 “Vinar”
Pervomayskaya Street 4
Kobrin
21.Retail
Outlet No.27 “Vinar”
9 May Street 1
Kobrin
22.Retail
Outlet No.1
Lermontova Street 3
Malorita
23.Retail
Outlet No.12
Sovetskaya Street 94
Malorita
24.Retail
Outlet No.
Kalinina Street 8, Settlement Sakharniy Zavod
Zhabinka
25.Retail Outlet No.14
Internatsionalnaya Street 18
Pruzhani
26.Retail Outlet No.9
Nakonechnikova Street 6
Baranovichi
27.Retail Outlet No.16
Oktyabrskaya Street 69
Gantsevich
28.Retail Outlet No.17
Zavodskaya Street 18A
Gantsevich
29.Retail Outlet No.18
Oktyabrskaya Street 58B
Gantsevich
30.Retail Outlet No.31
Kozuboskogo Street 1
Pinsk
31.Retail Outlet No.3
Gorynskaya Street 179
Stolin
32.Retail Outlet No.30
8th Inogorodnaya Street 16A
Gomel
33.Retail Outlet No.6
Brestkaya Street 2
Gomel
34.Retail Outlet No.25 “Vinar”
Vostochnaya Street 131
Minsk
35.Retail Outlet No.26 “Vinar”
Timiryazeva Street 129
Minsk
You
enquired on: PUBLIC JOINT STOCK COMPANY. Please note that the correct
name is as per heading.
Interviewed:
Igor Nikolayevich (Commercial Director).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
UK Pound |
1 |
Rs.94.79 |
|
Euro |
1 |
Rs.70.38 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
|
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 |
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-- |
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.