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Report No. : |
307111 |
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Report Date : |
14.02.2015 |
IDENTIFICATION DETAILS
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Name : |
OBSHCHESTVO S OGRANICHENNOY OTVETSTVENNOSTYU "YUVELIRNYY DOM YASHMA" |
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Registered Office : |
Aviamotornaya ul. d. 10, 111024 g. Moskva |
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Country : |
Russia |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
05.07.2001 |
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Com. Reg. No.: |
1027739405275 |
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Legal Form : |
Limited liability companies |
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Line of Business : |
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No of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Russia |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 |
OOO "YUvelirnyy Dom YAshma"
ul Kulakova d 20, str 1A,
123592 g Moskva
Tel: 74957758750
E-Mail: td2000@inbox.ru
Web: www.udyashma.ru
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Company
development |
Constant company development. |
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Business course |
Satisfactory order situation. |
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Terms of payment |
As far as know, punctually. |
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Business
connection |
Business connection appears permissable. |
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Legal form |
Limited liability companies (OOO) |
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Established on |
05/07/2001 - Limited liability companies
(OOO) |
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Registered on |
17/10/2002, Mezhrayonnaya inspektsiya
Ministerstva Rossiyskoy Federatsii po nalogam i sboram №39 po g.
Moskve, RegNr.: 1027739405275 |
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Registered
capital |
RUB |
1 400 013 500,- |
|
||
|
Owner |
Robert
Albertovich Martirosyan |
% |
0,001 |
|
|
|
Owner |
OOO"YASHMA
EKSPORT" (Statistical number: 59125047) |
% |
100 |
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Sole Executive
Body |
Robert
Albertovich Martirosyan |
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General data |
Main activity: |
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Full name: |
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Short name: |
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Residence
address: |
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Permanent
address: |
Other
activities
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||
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: |
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Manufacture of jewellery and related
articles n.e.c. |
(36.22) |
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Wholesale of other household goods |
(51.47.34) |
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Wholesale of metals and metal ores |
(51.52.23) |
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Wholesale of other intermediate products |
(51.56.3) |
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Other retail sale in specialized stores |
(52.48.22) |
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Repair of watches |
(52.73) |
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Buying and selling of own real estate |
(70.12.2) |
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Buying and selling of own real estate |
(70.12.3) |
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Letting of own property |
(70.20.2) |
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Management of real estate on a fee or
contract basis |
(70.32) |
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Annual turnover |
31/12/2006 |
Enterprise turnover |
RUB |
2 165 793 000,-
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|
|
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31/12/2007 |
Enterprise turnover |
RUB |
2 489 640 000,-
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31/12/2008 |
Enterprise turnover |
RUB |
2 842 692 000,-
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31/12/2009 |
Enterprise turnover |
RUB |
2 979 939 000,-
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31/12/2010 |
Enterprise turnover |
RUB |
7 212 272 000,-
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31/12/2011 |
Enterprise turnover |
RUB |
9 166 690 000,-
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31/12/2012 |
Enterprise turnover |
RUB |
7 263 558 000,-
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31/12/2013 |
Enterprise turnover |
RUB |
6 988 125 000,-
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Remarks |
OOO “Yuvelirny Dom Yashma” is production and sales of jewelry. Managing director of company, Robert Albertovich Martirosyan,
affiliated with 39 companies. According to the information, disclosed by the Federal Tax Service,
“Yuvelirny Dom Yashma” 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, “Yuvelirny Dom Yashma” does not have delays in social payments. According to the information, disclosed by the Federal Labor Service
“Yuvelirny Dom Yashma " does not plan to attract foreign employees. According to the research, “Yuvelirny Dom Yashma” 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. |
|
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). |
|
balance |
A 31.12.2011 |
B 31.12.2012 |
C 31.12.2013 |
|
1. ASSETS |
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|
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I. FIXED ASSETS |
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|
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Intangible assets |
0 |
0 |
0 |
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The results of research and development |
0 |
0 |
0 |
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Intangible research assets |
0 |
0 |
0 |
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Tangible research assets |
0 |
0 |
0 |
|
Fixed assets |
2 704 |
1 661 |
781 |
|
Profitable investments in tangible assets |
0 |
0 |
0 |
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Financial investments |
0 |
0 |
0 |
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Deferred tax assets |
0 |
0 |
0 |
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Other non-current assets |
0 |
0 |
0 |
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TOTAL IN SECTION I. |
2 704 |
1 661 |
781 |
|
II. CURRENT ASSETS |
|
|
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Inventories |
6 220 887
|
7 341 583
|
7 535 443
|
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VAT on acquired assets |
33 |
107 |
596 |
|
Accounts receivable |
272 647 |
628 583 |
825 864 |
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Financial investments (excluding the
monetary equivalent) |
345 003 |
328 188 |
463 836 |
|
Cash and monetary equivalents |
18 356 |
2 349 |
16 992 |
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Other current assets |
951 563 |
1 165 584
|
1 169 995
|
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TOTAL IN SECTION II. |
7 808 489
|
9 466 394
|
10 012 726
|
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BALANCE |
7 811 193
|
9 468 055
|
10 013 507
|
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2. LIABILITIES |
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III. CAPITAL AND RESERVES |
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|
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Authorized capital (share capital, charter
capital, deposits capital, partners capital) |
650 014 |
800 014 |
1 400 014
|
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Treasury stock |
0 |
0 |
0 |
|
Revaluation of fixed assets |
0 |
0 |
0 |
|
Additional capital (without revaluation) |
0 |
0 |
0 |
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Reserve capital |
0 |
0 |
0 |
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Retained earnings (uncovered loss) |
155 688 |
168 647 |
184 480 |
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TOTAL IN SECTION III. |
805 702 |
968 661 |
1 584 494
|
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IV. LONG-TERM LIABILITIES |
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Borrowed funds |
1 800 120
|
2 194 441
|
1 378 010
|
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Deferred tax liabilities |
0 |
0 |
0 |
|
Provisions |
0 |
0 |
0 |
|
Other liabilities |
0 |
0 |
0 |
|
TOTAL IN SECTION IV. |
1 800 120
|
2 194 441
|
1 378 010
|
|
V. SHORT-TERM LIABILITIES |
|
|
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Borrowed funds |
1 645 434
|
547 117 |
650 000 |
|
Payables |
3 559 937
|
5 757 836
|
6 401 003
|
|
Deferred income |
0 |
0 |
0 |
|
Provisions |
0 |
0 |
0 |
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Sonstige Verbindlichkeiten |
0 |
0 |
0 |
|
TOTAL IN SECTION V. |
5 205 371
|
6 304 953
|
7 051 003
|
|
BALANCE |
7 811 193
|
9 468 055
|
10 013 507
|
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profit and loss
account |
A 31.12.2011 |
B 31.12.2012 |
C 31.12.2013 |
|
Turnover |
9 166 690
|
7 263 558
|
6 988 125
|
|
Cost of sales |
8 715 132
|
6 756 389
|
6 321 971
|
|
Gross profit (loss) |
451 558 |
507 169 |
666 154 |
|
Selling expenses |
173 411 |
219 365 |
490 932 |
|
Administrative expenses |
0 |
0 |
0 |
|
Sales profit (loss) |
278 147 |
287 804 |
175 222 |
|
Earnings from other entities |
0 |
0 |
0 |
|
Interest receivable |
19 412 |
17 863 |
17 677 |
|
Interest payable |
249 903 |
273 175 |
165 613 |
|
Other operating income |
582 |
418 |
69 |
|
Other operating expenses |
14 380 |
7 749 |
7 375 |
|
Profit (loss) before tax |
33 858 |
25 161 |
19 980 |
|
Current profit tax |
7 231 |
5 292 |
4 146 |
|
Permanent tax liabilities (assets) |
2 300 |
1 299 |
752 |
|
Change in deferred tax liabilities |
0 |
0 |
0 |
|
Change in deferred tax assets |
0 |
0 |
0 |
|
Different |
0 |
0 |
0 |
|
Net profit (loss) |
26 627 |
19 869 |
15 834 |
|
Results of fixed assets revaluation,
non-includedin net profit/loss for period |
0 |
0 |
0 |
|
Result of other transactions, non included
in net profit/loss for period |
0 |
0 |
0 |
|
Total financial result for period |
26 627 |
19 869 |
15 834 |
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Ratios |
|
2011 |
2012 |
2013 |
|
|
Current ratio |
1,5 |
1,5 |
1,42 |
|
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Quick ratio |
0,3 |
0,34 |
0,35 |
|
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Average Collection Period |
11,24 |
22,64 |
37,98 |
|
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Payables turnover Period |
117 |
252 |
351 |
|
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Debt ratio |
0,9 |
0,9 |
0,84 |
|
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Equity to total assets ratio |
0,1 |
0,1 |
0,16 |
|
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Funding ratio |
0,12 |
0,11 |
0,19 |
|
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Return on sales |
0,29 |
0,27 |
0,23 |
|
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Return on Assets |
0,37 |
0,23 |
0,16 |
|
|
Return on Equity |
3,71 |
2,24 |
1,24 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.13 |
|
|
1 |
Rs. 95.77 |
|
Euro |
1 |
Rs. 71.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
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Report Prepared
by : |
DPT |
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.