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Report No. : |
325345 |
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Report Date : |
01.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
AO "GERMANIY" |
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Registered Office : |
Proezd Transportnyy d. 1, Str. 107, 660027 G Krasnoyarsk |
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Country : |
Russia |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
12.07.1993 |
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Legal Form : |
Closed and joint-stock companies (ZAO) |
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Line of Business : |
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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 |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 |
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, economic growth declined further, with expectations that GDP growth in 2015 could drop below zero if world oil prices continue to fall. The Russian ruble lost about half of its value in the second half of 2014 and remains volatile, contributing to increased capital outflows.
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Source
: CIA |
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AO
"GERMANIY" |
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Company development |
Positive company development. |
(21) |
|
Business course |
Satisfactory order situation. |
(31) |
|
Terms of payment |
As far as know, punctually. |
(29) |
|
Business connection |
Business connection and credit are permissible. |
(21) |
|
Legal form |
Closed and joint-stock companies (ZAO) |
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Established on |
12/07/1993 - Closed and joint-stock companies (ZAO) |
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Registered on |
27/12/2010, Mezhrayonnaya inspektsiya
Federalnoy nalogovoy sluzhby № 23 po Krasnoyarskomu krayu, RegNr.:
1102468060155 |
|||
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Registered capital |
RUB |
210 219 000,- |
|
|
|
Owner |
Gosudarstvennaya korporatsiya
"Rostekhnologii" |
% |
97,69 |
|
|
|
Rosimushchestvo |
% |
2,31 |
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Sole
Executive Body |
Oleg
Ivanovich Podkopaev |
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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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Other
activities |
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: |
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Manufacture of other inorganic basic
chemicals |
(24.13) |
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Research and experimental development on
natural sciences and engineering |
(73.10) |
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Research and experimental development on
social sciences and humanities |
(73.20) |
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Annual
turnover |
31/12/2006 |
Enterprise turnover |
RUB |
121 601 000,- |
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|
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31/12/2007 |
Enterprise turnover |
RUB |
230 408 000,- |
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31/12/2008 |
Enterprise turnover |
RUB |
343 818 000,- |
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31/12/2009 |
Enterprise turnover |
RUB |
400 582 000,- |
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31/12/2010 |
Enterprise turnover |
RUB |
302 042 000,- |
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31/12/2011 |
Enterprise turnover |
RUB |
512 405 000,- |
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31/12/2012 |
Enterprise turnover |
RUB |
456 645 000,- |
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31/12/2013 |
Enterprise turnover |
RUB |
624 953 000,- |
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Remarks |
The main activity of AO “GERMANY” is production
of germanium. |
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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).
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BALANCE |
A 31.12.2011 |
B 31.12.2012 |
C 31.12.2013 |
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1. ASSETS |
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I. FIXED ASSETS |
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|
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Intangible assets |
0 |
0 |
847 |
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The results of research and development |
0 |
704 |
1 572 |
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Intangible research assets |
0 |
0 |
0 |
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Tangible research assets |
0 |
0 |
0 |
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Fixed assets |
79 994 |
81 589 |
119 597 |
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Profitable investments in tangible assets |
0 |
0 |
0 |
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Financial investments |
0 |
0 |
0 |
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Deferred tax assets |
2 097 |
3 627 |
2 142 |
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Other non-current assets |
0 |
0 |
0 |
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TOTAL IN SECTION I. |
82 091 |
85 920 |
124 158 |
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II. CURRENT ASSETS |
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Inventories |
129 075 |
170 510 |
135 661 |
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VAT on acquired assets |
1 228 |
18 637 |
15 031 |
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Accounts receivable |
89 117 |
82 538 |
95 170 |
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Financial investments (excluding the monetary equivalent) |
0 |
0 |
0 |
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Cash and monetary equivalents |
42 123 |
17 880 |
69 939 |
|
Other current assets |
800 |
63 |
127 |
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TOTAL IN SECTION II. |
262 343 |
289 628 |
315 928 |
|
BALANCE |
344 434 |
375 548 |
440 086 |
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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) |
205 371 |
205 371 |
227 396 |
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Treasury stock |
0 |
0 |
0 |
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Revaluation of fixed assets |
0 |
0 |
0 |
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Additional capital (without revaluation) |
0 |
0 |
13 973 |
|
Reserve capital |
3 852 |
4 074 |
6 877 |
|
Retained earnings (uncovered loss) |
117 712 |
101 211 |
154 466 |
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TOTAL IN SECTION III. |
326 935 |
310 656 |
402 712 |
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IV. LONG-TERM LIABILITIES |
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Borrowed funds |
0 |
0 |
0 |
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Deferred tax liabilities |
0 |
0 |
314 |
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Provisions |
0 |
0 |
0 |
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Other liabilities |
0 |
0 |
0 |
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TOTAL IN SECTION IV. |
0 |
0 |
314 |
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V. SHORT-TERM LIABILITIES |
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Borrowed funds |
0 |
0 |
0 |
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Payables |
12 229 |
53 139 |
26 801 |
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Deferred income |
5 270 |
4 721 |
4 171 |
|
Provisions |
0 |
7 032 |
6 088 |
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Sonstige Verbindlichkeiten |
0 |
0 |
0 |
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TOTAL IN SECTION V. |
17 499 |
64 892 |
37 060 |
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BALANCE |
344 434 |
375 548 |
440 086 |
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A. The enclosed profit and loss account of
2011 is originated from official source, no data available about authentication.
(31.12.2011 - 1000 RUB) |
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PROFIT AND LOSS ACCOUNT |
A 31.12.2011 |
B 31.12.2012 |
C 31.12.2013 |
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Turnover |
512 405 |
456 645 |
624 953 |
|
Cost of sales |
387 163 |
384 078 |
506 537 |
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Gross profit (loss) |
125 242 |
72 567 |
118 416 |
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Selling expenses |
20 726 |
10 764 |
11 220 |
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Administrative expenses |
28 171 |
36 732 |
33 330 |
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Sales profit (loss) |
76 345 |
25 071 |
73 866 |
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Earnings from other entities |
0 |
0 |
0 |
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Interest receivable |
364 |
601 |
698 |
|
Interest payable |
0 |
0 |
30 |
|
Other operating income |
144 848 |
122 110 |
65 606 |
|
Other operating expenses |
150 640 |
138 914 |
68 792 |
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Profit (loss) before tax |
70 917 |
8 868 |
71 348 |
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Current profit tax |
16 049 |
4 486 |
13 473 |
|
Permanent tax liabilities (assets) |
935 |
-2 512 |
-1 002 |
|
Change in deferred tax liabilities |
0 |
0 |
314 |
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Change in deferred tax assets |
931 |
201 |
-1 484 |
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Different |
183 |
153 |
19 |
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Net profit (loss) |
55 616 |
4 430 |
56 058 |
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Results of fixed assets revaluation, non-includedin net profit/loss
for period |
0 |
0 |
0 |
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Result of other transactions, non included in net profit/loss for
period |
0 |
0 |
0 |
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Total financial result for period |
55 616 |
4 430 |
56 058 |
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RATIOS
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|
2011 |
2012 |
2013 |
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|
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Current ratio |
14,99 |
4,46 |
8,52 |
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Quick ratio |
7,62 |
1,84 |
4,86 |
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Average Collection Period |
52,75 |
68,6 |
51,89 |
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Payables turnover Period |
12,38 |
31,06 |
28,8 |
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Debt ratio |
0,05 |
0,17 |
0,08 |
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Equity to total assets ratio |
0,95 |
0,83 |
0,92 |
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Funding ratio |
18,68 |
4,79 |
10,78 |
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Return on sales |
10,85 |
0,97 |
8,97 |
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Return on Assets |
17,5 |
1,23 |
13,75 |
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Return on Equity |
18,59 |
1,39 |
15,72 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.97.80 |
|
Euro |
1 |
Rs.69.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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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.