MIRA INFORM REPORT

 

 

Report No. :

327725

Report Date :

22.06.2015

 

IDENTIFICATION DETAILS

 

Name :

OAO "GALOPOLIMER PERM"

 

 

Registered Office :

Ul Lasvinskaya 98,  614042 G Perm

 

 

Country :

Russia

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

14.05.1993

 

 

Legal Form :

Public limited company (OAO)

 

 

Line of Business :

v  Manufacture of other inorganic basic chemicals.

v  Manufacture of industrial gases.

v  Manufacture of plastics in primary forms.

 

 

No. of Employee :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No complaints

 

 

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

 

 

 

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

 

Company name and address

 

OAO "GaloPolimer Perm"

UL LASVINSKAYA 98,
614042 G PERM

Tel: 73422506152
E-Mail: info@halopolymer.com
Web: www.halopolymer.ru

 

 

Company summary

 

 

Company development

Constant company development.

(29)

 

Business course

Satisfactory order situation.

(31)

Terms of payment

Recently, occasionally dalays of payments / payment reminders; earlier, within agreed terms, partly.

(33)

 

Business connection

Business connection appears permissable.

(31)

 

Established on

14/05/1993 - Public limited company (OAO)

Registered on

29/07/2002, INSPEKTSIYA MNS ROSSII PO KIROVSKOMU RAYONU G.PERMI, RegNr.: 1025901602858
Tax number: 5908007560
Statistical number: 05807960

 

Registered capital

RUB

250 617,-

 

Stockholders

OAO "GaloPolimer"
prosp Leningradskiy d 31A, korp 1, 125284 g Moskva
Beginning of validity: 12.11.2013

%

99,2

 

 

Board of directors

Andrey Sergeevich Pakhomenkov
Member of the board of directors

 

Konstantin Petrovich Svetlakov
Member of the board of directors

 

 

Mikhail Aleksandrovich Markin
Member of the board of directors

 

Natalya Vladimirovna Starikova
Member of the board of directors

 

Sole Executive Body

Pavel Ivanovich Boyko
Managing director

General data

Main activity:
Manufacture of other inorganic basic chemicals


(24.13)

 

 

Full name:
Otkrytoe aktsionernoe obshchestvo "GaloPolimer Perm"

 

Name in foreign language:
Open Joint Stock Company "HaloPolymer Perm"

 

 

Short name:
OAO "GaloPolimer Perm"

 

 

 

Residence address:
UL LASVINSKAYA 98, 614042 G PERM
Tel:
73422506152
E-Mail:
info@halopolymer.com


Web:
www.halopolymer.ru

 

Other activities

 

 

:

 

 

Manufacture of industrial gases

(24.11)

 

 

Manufacture of other organic basic chemicals

(24.14)

 

Manufacture of other organic basic chemicals

(24.14.2)

 

 

Manufacture of plastics in primary forms

(24.16)

 

Manufacture of plastic plates

(25.21)

 

 

Manufacture of plastic packing goods

(25.22)

 

Wholesale of chemical products

(51.55.2)

 

 

Wholesale of chemical products

(51.55.34)

 

Other land passenger transport

(60.23)

 

 

Freight transport by road

(60.24)

 

Hospital activities

(85.11.2)

 

Annual turnover

31/12/2006

Enterprise turnover

RUB

1 751 795 000,-

 

 

31/12/2007

Enterprise turnover

RUB

1 986 989 000,-

 

 

 

31/12/2008

Enterprise turnover

RUB

2 402 460 000,-

 

 

31/12/2009

Enterprise turnover

RUB

1 969 524 000,-

 

 

 

31/12/2010

Enterprise turnover

RUB

2 726 104 000,-

 

 

31/12/2011

Enterprise turnover

RUB

4 149 476 000,-

 

 

 

31/12/2012

Enterprise turnover

RUB

3 103 356 000,-

 

 

31/12/2013

Enterprise turnover

RUB

2 815 202 000,-

 

 

 

31/12/2014

Enterprise turnover

RUB

2 971 801 000,-

 

Events, negative data

16.12.2014 - Legal debt collection procedure

Remark:
A50-25851/2014

 

 

20.04.2015 - Legal debt collection procedure

Remark:
A50-8009/2015

 

08.05.2015 - Legal debt collection procedure

Remark:
A50-9656/2015

 

 

19.05.2015 - Legal debt collection procedure

Remark:
A50-10407/2015

 

15.06.2015 - Legal debt collection procedure

Remark:
A50-12763/2015

 

Remarks

The main activity of OAO “GALOPOLIMER PERM” is production of chemical goods. The subject is a part of “GaloPolimer” group.
Since 21.08.2014 the register of shareholders of OAO “GALOPOLIMER PERM” is held by a private non-state registrar:
ZAO “KOMPYUTERSHER REGISTRATOR” – Reg. num.: 1027739063087.
The information about shareholders is closed. List of shareholders provided in the report was formed according to the information from last published official “List of affiliated persons” of the company of 31.03.2015.
According to the research, through the managing director of OOO “GALOPOLIMER PERM”, Pavel Ivanovich Boyko, the company is affiliated with following legal persons:
OOO “NV-NGP” – OGRN: 1028600943106, Nizhnevartovsk. Pavel Ivanovich Boyko is the managing director and owner of 100% of share capital of this company.
OOO “Evrofud-3” – OGRN: 1037705000651, Moscow. Pavel Ivanovich Boyko is the owner of 2% of share capital of this company.
OOO “FIESTA” – OGRN: 1137746383103, Moscow. Pavel Ivanovich Boyko is the owner of 2% of share capital of this company.
Affiliation through the managing director with other legal subjects has not been revealed.
OAO “GALOPOLIMER PERM” did not participate in court cases as claimant.
The company had state contracts on the total sum:
In 2015: 85 025 RUB;
In 2013: 417 592 RUB;
In 2012: 334 218 RUB;
In 2011: 289 731 RUB.
According to the information, disclosed by the Federal Tax Service, OAO “GALOPOLIMER PERM” 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, OAO “GALOPOLIMER PERM” does not have delays in social payments.
According to the information, disclosed by the Federal Labor Service, OAO “GALOPOLIMER PERM” does not plan to attract foreign employees.
According to the research, OAO “GALOPOLIMER PERM” 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.
OAO “GALOPOLIMER PERM” 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.

Bank relations

ZAPADNO-URALSKIY BANK SBERBAN:
Central address: RU PERM, UL.ORDZHONIKIDZE,4
Account number: 40702810949360120490

 

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).
C. The enclosed balance of 2014 is originated from official source, it is authenticated by the auditor . (31.12.2014 - 1000 RUB) - Warning! The figures stated in the balance sheet may contain error(s).

 

 

Financial statement

 

 

balance

A 31.12.2012

B 31.12.2013

C 31.12.2014

1. ASSETS

 

 

 

I. FIXED ASSETS

 

 

 

Intangible assets

54

117

102

The results of research and development

0

0

0

Intangible research assets

0

0

0

Tangible research assets

0

0

0

Fixed assets

974 083

995 823

902 237

Profitable investments in tangible assets

0

0

0

Financial investments

49 374

2 186 760

2 148 470

Deferred tax assets

37 392

46 297

17 424

Other non-current assets

0

0

6 385

TOTAL IN SECTION I.

1 060 903

3 228 997

3 074 518

II. CURRENT ASSETS

 

 

 

Inventories

963 295

564 983

320 802

VAT on acquired assets

74 040

58 825

26 259

Accounts receivable

1 769 296

1 181 040

1 518 930

Financial investments (excluding the monetary equivalent)

1 293 090

0

336 390

Cash and monetary equivalents

6 175

976

2 612

Other current assets

69 547

136 206

85 200

TOTAL IN SECTION II.

4 175 443

1 942 030

2 289 993

BALANCE

5 236 346

5 171 027

5 364 611

2. LIABILITIES

 

 

 

III. CAPITAL AND RESERVES

 

 

 

Authorized capital (share capital, charter capital, deposits capital, partners capital)

251

251

251

Treasury stock

0

0

0

Revaluation of fixed assets

418 191

416 480

409 669

Additional capital (without revaluation)

0

0

0

Reserve capital

50 000

50 000

50 000

Retained earnings (uncovered loss)

4 280 163

4 050 475

4 203 721

TOTAL IN SECTION III.

4 748 605

4 517 206

4 663 641

IV. LONG-TERM LIABILITIES

 

 

 

Borrowed funds

0

0

314 000

Deferred tax liabilities

58 296

45 637

39 748

Provisions

0

0

0

Other liabilities

0

0

0

TOTAL IN SECTION IV.

58 296

45 637

353 748

V. SHORT-TERM LIABILITIES

 

 

 

Borrowed funds

78

321 513

17 721

Payables

409 639

259 432

302 161

Deferred income

0

0

0

Provisions

19 728

27 239

27 340

Sonstige Verbindlichkeiten

0

0

0

TOTAL IN SECTION V.

429 445

608 184

347 222

BALANCE

5 236 346

5 171 027

5 364 611

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)
C. The enclosed profit and loss account of 2014 is originated from official source, it is authenticated by the auditor . (31.12.2014 - 1000 RUB)

 

 

 

profit and loss account

A 31.12.2012

B 31.12.2013

C 31.12.2014

Turnover

3 103 356

2 815 202

2 971 801

Cost of sales

2 534 350

2 529 849

2 480 337

Gross profit (loss)

569 006

285 353

491 464

Selling expenses

196 985

216 439

281 398

Administrative expenses

465 596

391 157

275 875

Sales profit (loss)

-93 575

-322 243

-65 809

Earnings from other entities

0

1 702

0

Interest receivable

84 276

165 091

210 589

Interest payable

536

28 354

34 840

Other operating income

2 471 814

201 043

372 725

Other operating expenses

1 083 240

270 278

270 683

Profit (loss) before tax

1 378 739

-253 039

211 982

Current profit tax

257 389

0

20 131

Permanent tax liabilities (assets)

15 176

17 573

32 474

Change in deferred tax liabilities

-13 558

-12 659

5 889

Change in deferred tax assets

32 747

8 905

28 873

Different

1 420

-76

-22 432

Net profit (loss)

1 166 235

-231 399

146 435

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

1 166 235

-231 399

146 435

 

 

 

Ratios

2012

2013

2014

Current ratio

9,72

3,19

6,6

Quick ratio

7,48

2,26

5,67

 

Average Collection Period

185

191

166

Payables turnover Period

69,22

48,27

41,32

 

Debt ratio

0,09

0,13

0,13

Equity to total assets ratio

0,91

0,87

0,87

 

Funding ratio

9,74

6,91

6,65

Return on sales

37,58

-8,22

4,93

 

Return on Assets

24,63

-4,45

2,78

Return on Equity

28

-4,99

3,19

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.82

UK Pound

1

Rs.101.26

Euro

1

Rs.72.36

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.