|
Report No. : |
333695 |
|
Report Date : |
30.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
OAO "AVVA RUS" |
|
|
|
|
Registered Office : |
ul. Krylatskie kholmy 30, korp 9, 121614 g. Moskva |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
20.06.1996 |
|
|
|
|
Legal Form : |
Public limited company |
|
|
|
|
Line of Business : |
Manufacture of basic pharmaceutical products. |
|
|
|
|
No. of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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. In 2014, economic growth
declined further when Russia forcibly violated Ukraine’s sovereignty and
territorial integrity, and interfered in Ukraine’s internal affairs. In the
second half of 2014, the Russian ruble lost about half of its value,
contributing to increased capital outflows that reached $151.5 billion for the
year; the ruble remains volatile. Declining oil prices, lack of economic
reforms, and the imposition of foreign sanctions have contributed to the
downturn and created wide expectations the economy will continue to slump. In
April 2015, the Russian Ministry of Economic Development predicted that the
Russia’s economy will contract by 3% in 2015, and average only 2.5% growth
through 2030.
|
Source
: CIA |
OAO "AVVA
RUS"
Tel: 74959567559
Telefax: 74959567554
E-Mail: info@avva-rus.ru
Web: www.avva-rus.ru
|
Company
development |
Stagnant company development. |
(39) |
|
Business
course |
Satisfactory order situation. |
(31) |
|
Terms of
payment |
No complaints / delays of
payments are known. |
(39) |
|
Business
connection |
Business connection appears
permissable. |
(31) |
|
Established
on |
20/06/1996 - Public limited company
(OAO) |
|
Registered on |
19/03/2003, Inspektsiya
Ministerstva Rossiyskoy Federatsii po nalogam i sboram po g.Kirovu Kirovskoy
oblasti, RegNr.:
1034316534394 |
|
Registered
capital |
|
RUB |
3 000 000,- |
|
|
Stockholders |
AVVA
Farmasyutikals AG |
% |
100 |
|
|
Board of
directors |
Aleksandr
Viktorovich Matyushenok |
|
|
Elena
Vitalevna Virich |
|
|
Nataliya
Vladislavovna Pleshkova |
|
|
Petrovna
Larisa Stromko |
|
Sole
Executive Body |
Aleksey
Glebovich Egorov |
|
|
General data |
Main
activity: |
|
|
|
Full name: |
|
|
Name in
foreign language: |
|
|
Short name: |
|
|
|
|
|
Residence
address: |
|
Other
activities |
|
|
|
: |
|
|
|
Manufacture of basic
pharmaceutical products |
(24.41) |
|
|
Manufacture of pharmaceutical
preparations |
(24.42.1) |
|
|
Manufacture of pharmaceutical
preparations |
(24.42.2) |
|
|
Manufacture of medical and
surgical equipment and orthopaedic appliances |
(33.10.1) |
|
|
Agents involved in the sale of
machinery |
(51.14.2) |
|
|
Agents involved in the sale of
a variety of goods |
(51.19) |
|
|
Wholesale of perfume and
cosmetics |
(51.45) |
|
|
Wholesale of pharmaceutical
goods |
(51.46) |
|
|
Other wholesale trade |
(51.70) |
|
|
Dispensing chemists |
(52.31) |
|
|
Retail sale of medical and
orthopaedic goods |
(52.32) |
|
|
Retail sale of cosmetic and
toilet articles |
(52.33) |
|
|
Cargo handling |
(63.11) |
|
|
Storage and warehousing |
(63.12.4) |
|
|
Activities of other transport
agencies |
(63.40) |
|
|
Legal activities |
(74.11) |
|
|
Market research and public
opinion polling |
(74.13.1) |
|
Annual
turnover |
31/12/2005 |
Enterprise turnover |
RUB |
213 718 000,- |
|
|
|
31/12/2006 |
Enterprise turnover |
RUB |
252 161 000,- |
|
|
|
31/12/2007 |
Enterprise turnover |
RUB |
239 484 000,- |
|
|
|
31/12/2008 |
Enterprise turnover |
RUB |
215 884 000,- |
|
|
|
31/12/2009 |
Enterprise turnover |
RUB |
334 478 000,- |
|
|
|
31/12/2010 |
Enterprise turnover |
RUB |
895 384 000,- |
|
|
|
31/12/2011 |
Enterprise turnover |
RUB |
1 910 474 000,-
|
|
|
|
31/12/2012 |
Enterprise turnover |
RUB |
867 958 000,- |
|
|
|
31/12/2013 |
Enterprise turnover |
RUB |
1 180 760 000,-
|
|
|
|
31/12/2014 |
Enterprise turnover |
RUB |
1 458 993 000,-
|
|
|
Events,
negative data |
12.03.2015 - Legal debt collection procedure |
|
Remarks |
The main activity of OAO “AVVA
RUS” is production of pharmaceuticals of the following brands:
"Laktofiltrum", 'Ekofuril", "Ekolevid",
"Ekotsifol", |
|
Bank
relations |
ROSEVROBANK: |
|
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). |
|
|
BALANCE |
A
31.12.2012 |
B
31.12.2013 |
C
31.12.2014 |
|
1. ASSETS |
|
|
|
|
I. FIXED ASSETS |
|
|
|
|
Intangible assets |
11 718
|
54 449
|
91 884
|
|
The results of research and development |
0 |
0 |
0 |
|
Intangible research assets |
0 |
0 |
0 |
|
Tangible research assets |
0 |
0 |
0 |
|
Fixed assets |
147 422
|
173 287
|
195 931
|
|
Profitable investments in tangible assets |
640 |
461 |
283 |
|
Financial investments |
205 |
252 |
252 |
|
Deferred tax assets |
0 |
0 |
0 |
|
Other non-current assets |
60 205
|
36 332
|
37 659
|
|
TOTAL IN SECTION I. |
220 190
|
264 781
|
326 008
|
|
II. CURRENT ASSETS |
|
|
|
|
Inventories |
536 587
|
520 558
|
428 326
|
|
VAT on acquired assets |
3 394
|
19 610
|
760 |
|
Accounts receivable |
346 234
|
723 848
|
629 540
|
|
Financial investments (excluding the monetary equivalent) |
800 |
0 |
33 000
|
|
Cash and monetary equivalents |
13 121
|
18 818
|
154 888
|
|
Other current assets |
2 160
|
1 142
|
1 355
|
|
TOTAL IN SECTION II. |
902 296
|
1 283 976
|
1 247 869
|
|
BALANCE |
1 122 486
|
1 548 757
|
1 573 877
|
|
2. LIABILITIES |
|
|
|
|
III. CAPITAL AND RESERVES |
|
|
|
|
Authorized capital (share capital, charter capital,
deposits capital, partners capital) |
8 500
|
8 500
|
8 500
|
|
Treasury stock |
0 |
0 |
0 |
|
Revaluation of fixed assets |
0 |
0 |
0 |
|
Additional capital (without revaluation) |
0 |
0 |
0 |
|
Reserve capital |
150 |
425 |
425 |
|
Retained earnings (uncovered loss) |
437 544
|
463 034
|
178 803
|
|
TOTAL IN SECTION III. |
446 194
|
471 959
|
187 728
|
|
IV. LONG-TERM LIABILITIES |
|
|
|
|
Borrowed funds |
284 126
|
192 470
|
765 316
|
|
Deferred tax liabilities |
82 |
82 |
82 |
|
Provisions |
0 |
0 |
0 |
|
Other liabilities |
0 |
0 |
0 |
|
TOTAL IN SECTION IV. |
284 208
|
192 552
|
765 398
|
|
V. SHORT-TERM LIABILITIES |
|
|
|
|
Borrowed funds |
23 870
|
480 329
|
173 |
|
Payables |
367 799
|
403 917
|
610 179
|
|
Deferred income |
0 |
0 |
0 |
|
Provisions |
0 |
0 |
9 442
|
|
Sonstige Verbindlichkeiten |
415 |
0 |
957 |
|
TOTAL IN SECTION V. |
392 084
|
884 246
|
620 751
|
|
BALANCE |
1 122 486
|
1 548 757
|
1 573 877
|
|
A. The enclosed profit and loss account of 2012 is originated
from official source, no data available about authentication. (31.12.2012 -
1000 RUB) |
|||
|
PROFIT AND LOSS ACCOUNT |
A
31.12.2012 |
B
31.12.2013 |
C 31.12.2014
|
|
Turnover |
867 958
|
1 180 760
|
1 458 993
|
|
Cost of sales |
696 722
|
781 243
|
975 179
|
|
Gross profit (loss) |
171 236
|
399 517
|
483 814
|
|
Selling expenses |
9 379
|
378 275
|
143 984
|
|
Administrative expenses |
0 |
0 |
0 |
|
Sales profit (loss) |
161 857
|
21 242
|
339 830
|
|
Earnings from other entities |
0 |
0 |
0 |
|
Interest receivable |
0 |
2 288
|
10 354
|
|
Interest payable |
22 546
|
52 192
|
60 749
|
|
Other operating income |
1 048 404
|
395 545
|
530 726
|
|
Other operating expenses |
1 087 819
|
335 923
|
1 004 000
|
|
Profit (loss) before tax |
99 896
|
30 960
|
-183 839
|
|
Current profit tax |
13 286
|
979 |
2 285
|
|
Permanent tax liabilities (assets) |
0 |
0 |
0 |
|
Change in deferred tax liabilities |
0 |
0 |
0 |
|
Change in deferred tax assets |
0 |
0 |
0 |
|
Different |
14 260
|
4 216
|
0 |
|
Net profit (loss) |
72 350
|
25 765
|
-186 124
|
|
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 |
72 350
|
25 765
|
-186 124
|
|
Ratios |
|
2012 |
2013 |
2014 |
|
|
Current ratio |
2,3 |
1,45
|
2,01
|
|
|
Quick ratio |
0,93
|
0,86
|
1,32
|
|
|
Average Collection Period |
148 |
165 |
169 |
|
|
Payables turnover Period |
222 |
180 |
190 |
|
|
Debt ratio |
0,6 |
0,7 |
0,88
|
|
|
Equity to total assets ratio |
0,4 |
0,3 |
0,12
|
|
|
Funding ratio |
0,66
|
0,44
|
0,14
|
|
|
Return on sales |
8,34
|
2,18
|
-12,76
|
|
|
Return on Assets |
6,9 |
1,93
|
-11,92
|
|
|
Return on Equity |
17,76
|
5,61
|
-56,43
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.89 |
|
|
1 |
Rs.99.71 |
|
Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.