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Report No. : |
305451 |
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Report Date : |
13.02.2015 |
IDENTIFICATION DETAILS
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Name : |
AO “VERKHNEVOLZHSKIY KOZHEVENNYY ZAVOD" |
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Registered Office : |
ul Rabochaya d 60 ZH 172735 Tverskaya obl, g Ostashkov |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
09.01.2013 |
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Legal Form : |
Closed and joint-stock companies (ZAO) |
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Line of Business : |
· Production of meat and poultrymeat products · Manufacture of crude oils and fats · Manufacture of prepared feeds for farm animals · Manufacture of glues and gelatines |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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.
ECGC Country Risk Classification List – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Russia |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source
: CIA |
AO "VERKHNEVOLZHSKIY KOZHEVENNYY
ZAVOD"
ul Rabochaya d 60 ZH,
172735 Tverskaya obl, g Ostashkov
Tel: 74957837342
Telefax: 74957837342
E-Mail: okz@okz.ru
Web: www.okz.ru
Company Constant company
development
development
Business course Satisfactory order situation
Terms of No complaints /
delays of payments are known.
payment
Business Business connection appears
permissable
connection
Legal form Closed and joint-stock companies
(ZAO)
Established on 09/01/2013 - Closed and joint-stock
companies (ZAO)
Registered on 09/01/2013, Mezhrayonnaya
inspektsiya Federalnoy nalogovoy
sluzhby ¹ 6 po Tverskoy oblasti,
RegNr.: 1136913000014
Tax
number: 6913015706
Statistical number: 14932931
Registered
RUB
10 000 000,-
capital
Stockholders OBSHCHESTVO S
OGRANICHENNOY % 99
OTVETSTVENNOSTYU "FLORESAN
SARL"
UL BOMON 17, ÝË-1219 LYUKSEMBURG,
Luxemburg
Beginning of validity: 09.01.2013
Tatyana Mikhaylovna Zaborskaya % 1
Beginning of validity: 09.01.2013
Sole Executive Filipp Aleksandrovich Azarchenkov
Body Managing director
General data
Main activity:
Tanning and
dressing of leather
(19.10)
Commercial
name:
Ostashkovskiy
kozhevennyy zavod
Full name:
AKTSIONERNOE
OBSHCHESTVO "VERKHNEVOLZHSKIY KOZHEVENNYY ZAVOD"
Short name:
AO
"VERKHNEVOLZHSKIY KOZHEVENNYY ZAVOD"
Residence address:
ul Rabochaya d 60
ZH, 172735 Tverskaya obl, g Ostashkov
Tel:
74823552500
74957837342
Telefax:
74957837342
E-Mail:
okz@okz.ru
supply@okz.ru
Web:
www.okz.ru
Other
activities :
Production of meat
and poultrymeat products
Manufacture of
crude oils and fats
Manufacture of
prepared feeds for farm animals
Manufacture of glues and gelatines
Manufacture of
other chemical products n.e.c
Collection
Wholesale of
grain
Wholesale of
hides
Wholesale of meat
and meat products
Wholesale of dairy
produce
Wholesale of other
food
Wholesale of
chemical products
Retail sale in
non-specialized stores with food
Retail sale of
meat and meat products
Retail sale via
mail order houses
Canteens
Cargo
handling
Storage and
warehousing
Other supporting
land transport activities
Letting of own
property
Renting of
automobiles
Renting of other
machinery and equipment n.e.c.
Research and
experimental development on
natural sciences
and engineering
Technical testing and analysis
Annual turnover 31/12/2013 Enterprise turnover RUB 210 431 000,-
Remarks According to the information from
official web site, AO
"VERKHNEVOLZHSKIY KOZHEVENNYY ZAVOD"
belongs to the Group of
companies operating under common name
“Ostashkovsky
kozhevennyy zavod” – big producer of wide
range of leathers
and crust leathers.
Since 15 May, 2014 the
register of shareholders of company is
held by a private non-state registrar - OAO
“Registrator
R.O.S.T.” (INN: 7726030449). Due to this fact
information
about shareholders of company is closed and is not updated in
the state register. List
of shareholders of AO
"VERKHNEVOLZHSKIY
KOZHEVENNYY ZAVOD" provided in this
report
was formed according to last
information from Federal State
Statistics Service.
During the phone call
representative of the company refused
to inform whether the business
premises is rented or owned by
the company.
According to the research, the
affiliation of the company
through the managing director, Filipp Aleksandrovich
Azarchenkov (INN: 7840493280),
was found with following legal
entities:
- ZAO "GRAVIS
KHOLDING" - INN: 7840493280, g Sankt-Peterburg
– active legal entity. Filipp Aleksandrovich
Azarchenkov is
the managing director and sole owner
of 100% of share capital
of the company;
- OOO "PRAIM.
KONSULTATSIONNYE I OTSENOCHNYE USLUGI" - INN:
7805196398, g Sankt-Peterburg –
active legal entity. Filipp
Aleksandrovich Azarchenkov is
the managing director of the
company;
- ZAO "NEVSKI 11" -
INN: 7840507487, g Sankt-Peterburg –
active legal entity. Filipp Aleksandrovich Azarchenkov is
the
managing director of the
company;
- OOO "OTS" - INN:
7813486372, g Sankt-Peterburg – active
legal entity. Filipp Aleksandrovich Azarchenkov
was
previously the managing
director of the company;
- OOO "MVT-TORGOVAYA
NEDVIZHIMOST" - INN: 7804407984, g
Moskva – active legal entity. Filipp
Aleksandrovich
Azarchenkov was previously the managing director and the
owner of 70% of share capital
of the company.
In 2014 AO
"VERKHNEVOLZHSKIY KOZHEVENNYY ZAVOD" had 2 state
contracts on the total sum 90
854 RUB.
The company did not participate
in court cases.
According to information,
disclosed by the Federal Tax
Service, the company did not have tax arrears, the company
is
not going to be excluded from
the state register as non-
active.
According to information,
disclosed by the Pension Fund of
Russian Federation, AO "VERKHNEVOLZHSKIY
KOZHEVENNYY ZAVOD"
did not have delays in social payments.
According to information,
disclosed by the Federal Labor
Service, AO "VERKHNEVOLZHSKIY KOZHEVENNYY ZAVOD"
did not plan
to attract foreign
employees.
AO "VERKHNEVOLZHSKIY KOZHEVENNYY
ZAVOD" 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,
blacklist of
Russian Private Persons.
A. 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).
Balance A 31.12.2013 B C
1.
ASSETS
I.
FIXED ASSETS
Intangible
assets 0
The
results of research and
0
development
Intangible
research assets 0
Tangible
research assets
0
Fixed
assets
80 055
Profitable
investments in
2 246
tangible
assets
Financial
investments
0
Deferred
tax assets 0
Other
non-current assets
0
TOTAL
IN SECTION I.
82 301
II.
CURRENT ASSETS
Inventories 30 573
VAT
on acquired assets
7 452
Accounts
receivable
114 083
Financial
investments
0
(excluding
the monetary
equivalent)
Cash
and monetary equivalents
28
Other
current assets
12
TOTAL
IN SECTION II.
152 148
BALANCE
234 449
2.
LIABILITIES
III.
CAPITAL AND RESERVES
Authorized
capital (share
10 000
capital,
charter capital,
deposits
capital, partners
capital)
Treasury
stock
0
Revaluation
of fixed assets 0
Additional
capital (without 0
revaluation)
Reserve
capital
0
Retained
earnings (uncovered
7 936
loss)
TOTAL
IN SECTION III.
17 936
IV.
LONG-TERM LIABILITIES
Borrowed
funds
0
Deferred
tax liabilities
0
Provisions 0
Other
liabilities
0
TOTAL
IN SECTION IV.
0
V.
SHORT-TERM LIABILITIES
Borrowed
funds
15 695
Payables
200 818
Deferred
income
0
Provisions 0
Sonstige
Verbindlichkeiten
0
TOTAL
IN SECTION V.
216 513
BALANCE 234 449
A.
The enclosed profit and loss account of 2013 is originated from official
source,
no data available about authentication. (31.12.2013 - 1000 RUB)
profit and loss
account A 31.12.2013 B C
Turnover
210 431
Cost
of sales
193 506
Gross
profit (loss)
16 925
Selling
expenses
77
Administrative
expenses
1 589
Sales
profit (loss)
15 259
Earnings
from other entities
0
Interest
receivable
23
Interest
payable
93
Other
operating income
21 750
Other
operating expenses
26 176
Profit
(loss) before tax
10 763
Current
profit tax
2 827
Permanent
tax liabilities
0
(assets)
Change
in deferred tax
0
liabilities
Change
in deferred tax assets
0
Different 0
Net
profit (loss)
7 936
Results
of fixed assets
0
revaluation,
non-includedin
net
profit/loss for period
Result
of other transactions,
0
non
included in net profit/
loss
for period
Total
financial result for
7 936
period
Ratios 2013
Current ratio 0,7
Quick ratio 0,56
Average Collection n/a
Period
Payables turnover n/a
Period
Debt ratio 0,92
Equity to total assets 0,08
ratio
Funding ratio 0,08
Return on sales 3,77
Return on Assets n/a
Return on Equity n/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.43 |
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|
1 |
Rs.95.02 |
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Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
ANK |
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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.