MIRA INFORM REPORT

 

 

Report No. :

321651

Report Date :

23.05.2015

 

IDENTIFICATION DETAILS

 

Name :

AO "EKO RESURS"

 

 

Registered Office :

Ul Kievskaya 6 Korp 1 Liter B, 196084 G Sankt-Peterburg

 

 

Country :

Russia

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

19.10.2006

 

 

Com. Reg. No.:

5067847462073

 

 

Legal Form :

Closed And Joint-Stock Companies

 

 

Line of Business :
  • Wholesale of chemical products
  • Manufacture of dyes and pigments
  • Business and management consultancy activities
  • Other business activities not elsewhere classified

 

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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. 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.

 

Source : CIA

 

 

Company name and address

AO "EKO RESURS"

UL KIEVSKAYA 6 KORP 1 LITER B,
196084 G SANKT-PETERBURG

Tel: 78127777331
Telefax: 78127777332
E-Mail: er@eco-resource.ru
Web: www.eco-resource.ru

 

 

 

Company development

 

Constant company development.

 

 

Business course

 

Satisfactory order situation.

 

Terms of payment

 

As far as know, punctually.

 

 

Business connection

 

Business connection appears permissable.

 

 

Legal form

 

Closed and joint-stock companies (ZAO)

 

 

Established on

19/10/2006 - Closed and joint-stock companies (ZAO)

 

Registered on

19/10/2006, MEZHRAYONNAYA INSPEKTSIYA FNS ROSSII N 15 PO SANKT-PETERBURGU, RegNr.: 5067847462073
Tax number: 7810076603
Statistical number: 96785767

 

 

Registered capital

 

RUB

10 000,-

 

 

Owner

OOO"RINVOL"
UL KIEVSKAYA 6 KORP 1 LITER B, 196084 G SANKT-PETERBURG

%

100

 

 

 

Sole Executive Body

 

SERGEY LEONIDOVICH DEMENOK
Managing director

 

 

General data

 

Main activity:
Wholesale of chemical products


(51.55.3)

Full name:
AKTSIONERNOE OBSHCHESTVO "EKO RESURS"

 

Short name:
AO "EKO RESURS"

 

Residence address:
UL KIEVSKAYA 6 KORP 1 LITER B, 196084 G SANKT-PETERBURG
Tel: 78127777331
Telefax: 78127777332
E-Mail:  er@eco-resource.ru
Web: www.eco-resource.ru

 

 

Other activities

 

 

:

 

 

Manufacture of dyes and pigments

(24.12)

 

 

Business and management consultancy activities

(74.14)

 

Other business activities not elsewhere classified

(74.84)

 

Annual turnover

31/12/2007

Enterprise turnover

RUB

54 768 000,-

 

 

31/12/2008

Enterprise turnover

RUB

174 227 000,-

 

 

 

31/12/2009

Enterprise turnover

RUB

214 840 000,-

 

 

31/12/2010

Enterprise turnover

RUB

253 326 000,-

 

 

 

31/12/2011

Enterprise turnover

RUB

286 403 000,-

 

 

31/12/2012

Enterprise turnover

RUB

322 098 000,-

 

 

 

31/12/2013

Enterprise turnover

RUB

353 005 000,-

 

 

 

Remarks

 

The main activity of OOO “Eko Resurs” is production of natural dyes.
According to the research, through the managing director of OOO “Eko Resurs”, Sergey Leonidovich Demenok, the company is affiliated with following legal persons:
OOO “Holidey Pigments” – OGRN: 1047855086124, Saint-Petersburg. Sergey Leonidovich Demenok is the director and owner of 0,59% of share capital of this company.
OOO “EVRO RESURS” – OGRN: 1094706001312, Saint-Petersburg. Sergey Leonidovich Demenok is the director of this company.
OOO “Neva-Teplotekhnika” – OGRN: 1107847409581, Saint-Petersburg. Sergey Leonidovich Demenok is the managing director of this company.
OOO “NPB” – OGRN: 1089847381766, Saint-Petersburg. Sergey Leonidovich Demenok is the managing director of this company.
OOO “RINVOL” – OGRN: 1027810251886, Saint-Petersburg. Sergey Leonidovich Demenok is the owner of 75% of share capital of this company.
Affiliation through the managing director with other legal subjects has not been revealed.
OOO “Eko Resurs” did not participate in court cases.
According to the information, disclosed by the Federal Tax Service, OOO “Eko Resurs” 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, OOO “Eko Resurs” does not have delays in social payments.
According to the information, disclosed by the Federal Labor Service, OOO “Eko Resurs” does not plan to attract foreign employees.
According to the research, OOO “Eko Resurs” 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.
OOO “Eko Resurs” 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.

 

 

  1. The enclosed balance of 2011 is originated from official source, no data available about authentication. (31.12.2011 - 1000 RUB)
  2. The enclosed balance of 2012 is originated from official source, no data available about authentication. (31.12.2012 - 1000 RUB)
  3. The enclosed balance of 2013 is originated from official source, no data available about authentication. (31.12.2013 - 1000 RUB)

 

balance

A 31.12.2011

B 31.12.2012

C 31.12.2013


 

ASSETS

 

 

 

Tangible non-current assets

6 690

9 139

7 494

Intangible, financial and other non-current assets

34

156

1 409

Resources

75 634

67 813

90 473

Cash and cash equivalents

4 434

5 547

11 693

Financial and other current assets

58 934

59 510

78 699

BALANCE

145 725

142 164

189 768

2. LIABILITIES

 

 

 

Capital and reserves

10 351

15 970

19 584

Long-term debt

0

0

0

Other long-term liabilities

169

152

136

Short-term borrowings

23 306

19 700

4 450

Payables

111 021

105 647

164 524

Other short-term liabilities

878

695

1 074

BALANCE

145 725

142 164

189 768

  1. The enclosed profit and loss account of 2011 is originated from official source, no data available about authentication. (31.12.2011 - 1000 RUB)
  2. The enclosed profit and loss account of 2012 is originated from official source, no data available about authentication. (31.12.2012 - 1000 RUB)
  3. 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 31.12.2011

B 31.12.2012

C 31.12.2013

Turnover

286 403

322 098

353 005

Expenditure on ordinary activities

275 560

313 436

330 379

Outstanding interest

754

1 130

825

Other income

34 196

39 176

44 812

Other expenses

36 421

34 994

53 559

Taxes on income (profit)

1 633

2 426

2 839

Net income (loss)

6 231

9 288

10 215


 

 

Ratios

 

2011

2012

2013

 

 

Current ratio

n/a

n/a

n/a

 

Quick ratio

n/a

n/a

n/a

 

 

Average Collection Period

n/a

n/a

n/a

 

Payables turnover Period

n/a

n/a

n/a

 

 

Debt ratio

0

0

0

 

Equity to total assets ratio

0

0

0

 

 

Funding ratio

n/a

n/a

n/a

 

Return on sales

n/a

n/a

n/a

 

 

Return on Assets

n/a

0

0

 

Return on Equity

n/a

n/a

n/a

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.57

UK Pound

1

Rs.99.67

Euro

1

Rs.70.93

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ASH

 

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.