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Report No. : |
301958 |
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Report Date : |
16.01.2015 |
IDENTIFICATION DETAILS
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Name : |
OOO ZOLOTOY |
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Registered Office : |
Ul Marata 2/73-75
Liter A Pom 3-N, 191025 G Sankt-Peterburg |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
06.06.2011 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
·
Manufacture of jewellery
and related articles.
·
Other retail sale in specialized stores ·
Retail sale of second-hand goods in stores ·
Letting of own property |
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No. of Employee : |
Not Available |
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.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Russia |
B1 |
B1 |
|
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.
|
Source
: CIA |
OOO ZOLOTOY
Ul Marata 2/73-75 Liter A Pom 3-N,
191025 G Sankt-Peterburg
Legal form Limited liability companies
(OOO)
Established on 06/06/2011 - Limited liability
companies (OOO)
Registered on 06/06/2011, MEZHRAYONNAYA
INSPEKTSIYA FNS ROSSII N 15 PO SANKT-
PETERBURGU, RegNr.: 1117847234141
Tax number: 7805555551
Statistical number:
91961828
Registered
RUB 10 000,-
capital
Owner Vladimir Ivanovich
Feliksov
% 100
Sole Executive Andrey Viktorovich ZHirnykh
Body Managing director
General data Main activity:
Other retail sale in specialized stores (52.48.22)
Full name:
Obshchestvo
s ogranichennoy otvetstvennostyu
"Zolotoy"
Short name:
OOO "Zolotoy"
Residence address:
UL MARATA 2/73-75 LITER A
POM 3-N, 191025 G SANKT-PETERBURG
Other
activities :
Manufacture of jewellery and related articles n.e.c.
Other retail sale in
specialized stores
Retail sale of second-hand
goods in stores
Letting of own property
Annual turnover 31/12/2011 Enterprise turnover RUB 170 280 000,-
31/12/2012 Enterprise turnover RUB 514 757 000,-
31/12/2013 Enterprise turnover RUB 613 113 000,-
Remarks OOO “Zolotoy”
retail jewelry using offline and internet shops.
Company doesn’t public any
information about main office location.
Through
managing director, Prokhorov Evgeny
Gennadevich, company is affiliated with:
OOO “AGATA” – OGRN: 1147847100752, Sent-Petersburg.
He is managing director of company.
OOO “REMEDIUM” – OGRN: 1027200841568, Tumen. He was managing
director of company
According to the research, affiliation through the former director with other legal persons has not been revealed. Company did not participate in court cases as claimant. The following inspections of the company were planned in 2015-2015:
n/n - verification of compliance on the subject of protection of mandatory requirements for fire safety. Federal state fire supervision provided by the Federal Law of 21.12.1994 69 - FZ On Fire. – November 2015
According to the information, disclosed by the Federal Tax Service, “Zolotoy” 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, “MOSTORG” does not have delays in social payments.
According to the information, disclosed by the Federal Labor Service “Zolotoy”" does not plan to attract foreign employees.
According to the research, “Zolotoy” 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.
“Zolotoy” 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 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).
B. 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 31.12.2012 B 31.12.2013
1.
ASSETS
I.
FIXED ASSETS
Intangible
assets 0 0
The
results of research and
0 0
development
Intangible
research assets 0 0
Tangible
research assets
0 0
Fixed
assets
2 912
9 695
Profitable
investments in 0 0
tangible
assets
Financial
investments
0 0
Deferred
tax assets
0 0
Other
non-current assets
0 0
TOTAL
IN SECTION I.
2 912
9 695
II.
CURRENT ASSETS
Inventories 212 330 242 296
VAT
on acquired assets
0 0
Accounts
receivable
213 669
444 681
Financial
investments
23 200
25 753
(excluding
the monetary
equivalent)
Cash
and monetary equivalents 28 151 27 795
Other
current assets
0 264
TOTAL
IN SECTION II.
477 350
740 789
BALANCE 480 262 750 484
2.
LIABILITIES
III.
CAPITAL AND RESERVES
Authorized
capital (share 10 10
capital,
charter capital,
deposits
capital, partners
capital)
Treasury
stock
0 0
Revaluation
of fixed assets 0 0
Additional
capital (without 0 0
revaluation)
Reserve
capital
0 0
Retained
earnings (uncovered
224 567
383 345
loss)
TOTAL
IN SECTION III.
224 577
383 355
IV.
LONG-TERM LIABILITIES
Borrowed
funds 0 170 184
Deferred
tax liabilities
0 0
Provisions 0 0
Other
liabilities 0 0
TOTAL
IN SECTION IV.
0 170 184
V.
SHORT-TERM LIABILITIES
Borrowed
funds
250 000 185 000
Payables
5 230
11 306
Deferred
income
455 639
Provisions 0 0
Sonstige Verbindlichkeiten 0 0
TOTAL
IN SECTION V.
255 685
196 945
BALANCE
480 262
750 484
A.
The enclosed profit and loss account of 2012 is originated from official
source,
no data available about authentication. (31.12.2012 - 1000 RUB)
B.
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
31.12.2012 B 31.12.2013 C
Turnover
514 757
613 113
Cost
of sales 236 456 275 783
Gross
profit (loss)
278 301
337 330
Selling
expenses
87 717
120 516
Administrative
expenses 0 0
Sales
profit (loss)
190 584
216 814
Earnings
from other entities
0 0
Interest
receivable 466 1 589
Interest
payable
19 049
46 194
Other
operating income
8 961
159 669
Other
operating expenses
6 778 171 213
Profit
(loss) before tax
174 184
160 665
Current
profit tax
0 0
Permanent
tax liabilities
0 0
(assets)
Change
in deferred tax
0 0
liabilities
Change
in deferred tax assets
0 0
Different
1 373
1 886
Net
profit (loss)
172 811
158 779
Results
of fixed assets
0 0
revaluation,
non-includedin
net
profit/loss for period
Result
of other transactions, 0 0
non
included in net profit/
loss
for period
Total
financial result for 172 811 158 779
period
Ratios 2012 2013
Current ratio 1,87 3,76
Quick ratio 1,04 2,53
Average Collection 80,07 196
Period
Payables turnover 123
10,94
Period
Debt ratio 0,53 0,49
Equity to total assets 0,47
0,51
ratio
Funding ratio 0,88 1,04
Return on sales 33,57 25,9
Return on Assets 50,37 25,8
Return on Equity 125 52,24
DIAMOND INDUSTRY – INDIA
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From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
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The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the
untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
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The area of study of family owned diamond businesses derives its
importance from the huge conglomerate of family run organizations which operate
in the diamond industry since many generations.
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Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small, nimble
and quick to react, information as a source of advantage and philanthropy.
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Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
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Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
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Excerpts from Times of India dated 30th October 2010 is as
under –
-
Gem & Jewellery Export Promotion Council
in its statistical data has shown the export of polished diamonds to have
increase by 28 % in February 2013. Compared to $ 1.4 bn
worth of polished diamond export in February, 2012, India exported $ 1.84
billion worth of polished diamonds in February 2013. A senior executive of
GJEPC said, “Export of cut and polished diamonds started falling month-wise
after the imposition of 2 % of import duty on the polished diamonds. But
February, 2013 has given a new ray of hope to the industry as the export of
polished diamonds has actually increased by 28 %. It means the industry
is on the track of recovery and round tripping of diamonds has stopped
completely.” Demand has started coming from the US, the UK, Japan and China.
India’s polished diamond export is expected to cross $ 21 bn
in 2013-14.
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The banking sector has started exercising restraint while following
prudent risk management norms when lending money to gems and jewellery sector. This follows the implementation of Basel
III accord – a global voluntary regulatory standard on bank capital adequacy,
stress testing and market liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.76 |
|
|
1 |
Rs.94.02 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.