MIRA INFORM REPORT

Report No. :	345449
Report Date :	21.10.2015

IDENTIFICATION DETAILS

Name :	OOO OMSKTEKHUGLEROD

Registered Office :	Ul Pushkina D 17, Korp 1, 644024 G Omsk

Country :	Russia

Financials (as on) :	31.12.2014

Date of Incorporation :	16.08.2006

Com. Reg. No.:	1065506041127

Legal Form :	Limited Liability Companies

Line of Business :	· Manufacture of industrial gases · Production and distribution of electricity · Steam and hot water supply · Other financial intermediation · Letting of own property · Renting of other machinery and equipment · Legal activities

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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 & address

OOO "OMSKTEKHUGLEROD"
Ul Pushkina d 17, korp 1,
644024 g Omsk
Tel: 73812325336
E-Mail: office@omskcarbon.com
Web: www.carbonblack.ru

Company summary

Company development

Positive company development.

(21)

Business course	Good order situation.	(21)
Terms of payment	Mostly within agreed terms, in individual cases dalays of payments / payment reminders.	(31)

Business connection

Business connection and credit are permissible.

(21)

Legal form	Limited liability companies (OOO)
Established on	16/08/2006 - Limited liability companies (OOO)

Registered on	16/08/2006, Inspektsiya FNS Rossii po Oktyabrskomu administrativnomu okrugu g. Omska, RegNr.: 1065506041127 Tax number: 5506066492 Statistical number: 94724566
Registered capital		RUB	338 858 322,-

Owner	CHastnaya kompaniya s otvetstvennostyu, ogranichennoy aktsiyami OMSK KARBON GRUPP LIMITED Griva Digeni 58, Siti KHaus, 8047 Pafos, Cyprus	%	100
Sole Executive Body	Nina Pavlovna Obvintseva Managing director

General data	Main activity: Manufacture of other chemical products n.e.c.	(24.66.4)
	Full name: Obshchestvo s ogranichennoy otvetstvennostyu "Omskiy zavod tekhnicheskogo ugleroda"

	Short name: OOO "Omsktekhuglerod"

	Residence address: ul Pushkina d 17, korp 1, 644024 g Omsk Tel: 73812325336 E-Mail: office@omskcarbon.com Web: www.carbonblack.ru
	Plant, factory address: ul Barabinskaya d 20, 644049 g Omsk Tel: 73812420263 Telefax: 73812420345

	Address of subdivision: Leningradskiy pr-t d 31A, str.1, 125284 g Moskva Tel: 74957109953 E-Mail: moscow@omskcarbon.com
Other activities

	:
	Manufacture of industrial gases	(24.11)

	Production and distribution of electricity	(40.1)
	Steam and hot water supply	(40.30.14)

	Other financial intermediation	(65.2)
	Letting of own property	(70.20.2)

	Renting of other machinery and equipment n.e.c.	(71.34.9)
	Legal activities	(74.11)

	Accounting	(74.12)
	Management activities of holding companies	(74.15)

	Miscellaneous business activities n.e.c.	(74.8)
	Sewage and refuse disposal	(90.0)

Annual turnover	31/12/2006	Enterprise turnover	RUB	0,-
	31/12/2007	Enterprise turnover	RUB	655 994 000,-

	31/12/2008	Enterprise turnover	RUB	1 236 558 000,-
	31/12/2009	Enterprise turnover	RUB	4 397 773 000,-

	31/12/2010	Enterprise turnover	RUB	7 113 430 000,-
	31/12/2012	Enterprise turnover	RUB	11 965 145 000,-

	31/12/2013	Enterprise turnover	RUB	12 864 645 000,-
	31/12/2014	Enterprise turnover	RUB	14 320 367 000,-

Events, negative data	07.05.2014 - Legal debt collection procedure Remark: A12-15459/2014
	18.12.2014 - Legal debt collection procedure Remark: A12-45720/2014

	13.03.2015 - Legal debt collection procedure Remark: A12-9701/2015
	08.06.2015 - Legal debt collection procedure Remark: A12-25107/2015 - in process

20.10.2015 - Legal debt collection procedure

Remark:
A12-1126/2014

Remarks

OOO "OMSKTEKHUGLEROD" is a member of “Omsk Carbon Group”, which is among the ten leading producers of technical carbon in the world. The Group is the largest manufacturer technical carbon in Russia and CIS countries, uniting several high-tech enterprises. Group enterprises are located in the Omsk and Volgograd, their production capacity reaches 400 thousand tons per year. The product range includes more than 30 brands of technical carbon.
The company has following active licenses:
- PRD № 5505288 - Loading and unloading operations relating to dangerous goods in railway transport – unlimited;
-1086 – Holding actions and (or) services in the protection of state secrets - is v alid till: 29 August, 2017;
-055 № 00058 - Activities for decontamination and disposal of wastes I - IV class of danger – unlimited;
- VP-61-000445 - Operation of explosive and chemically hazardous production facilities I, II and III hazard class – unlimited;
-055 № 00029 - Activities for decontamination and disposal of wastes I - IV class of danger - unlimited;
-№ EV-61-000215 (S) - Operation of explosive and chemically hazardous production facilities I, II and III hazard class – unlimited.
According to the information from official sources, OOO "OMSKTEKHUGLEROD" is currently in the process of reorganization with following legal entity will be joined: OOO “POLIKARBON” (OGRN: 1135543044999, g Omsk).
According to the research, the affiliation of OOO "OMSKTEKHUGLEROD" through managing director of the company, Nina Pavlovna Obvintseva, was found with:
OOO "Volgograd-Imushestvo" – OGRN: 1073461000953, g Volgograd- active legal entity. Nina Pavlovna Obvintseva is managing director of managing company of OOO "Volgograd-Imushestvo";
OOO "Omsk-Imushestvo" – OGRN: 1075506001603, g Omsk- active legal entity. Nina Pavlovna Obvintseva was is managing director of managing company of OOO "Omsk-Imushestvo";
OOO "POLIKARBON" – OGRN: 1135543044999, g Omsk – non-active since February 2014. Nina Pavlovna Obvintseva was is managing director of managing company of OOO "Omsk-Imushestvo".
OOO "OMSKTEKHUGLEROD" had more than 146 state contracts in 2013-2015 for the total sum:
In 2015: 36 908 235 RUB;
In 2014: 19 781 849 RUB;
In 2013: 56 603 176 100 RUB.
In 2013-2015 OOO "OMSKTEKHUGLEROD" participated in more than 55 court cases as a claimant for the following sum of debt:
In 2015: 4 369 628 RUB;
In 2014: 7 074 574 RUB;
In 2013: 77 549 RUB.
According to information, disclosed by the Federal Tax Service OOO "OMSKTEKHUGLEROD" does not have tax arrears, company is not going to be excluded from the state register as non-active.
According to information, disclosed by the Pension Fund of Russian Federation, OOO "OMSKTEKHUGLEROD" does not have delays in social payments.
According to information, disclosed by the Federal Labor Service, the company does not plan to attract foreign employees.
OOO "OMSKTEKHUGLEROD" 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, 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).
C. The enclosed balance of 2014 is originated from official source, no data available about authentication. (31.12.2014 - 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	561	1 777	1 580
The results of research and development	0	0	0
Intangible research assets	0	0	0
Tangible research assets	0	0	0
Fixed assets	553 957	454 470	623 175
Profitable investments in tangible assets	0	0	0
Financial investments	2 001	32 777	159 359
Deferred tax assets	11 481	23 882	13 508
Other non-current assets	290 103	338 108	327 356
TOTAL IN SECTION I.	858 103	851 014	1 124 978
II. CURRENT ASSETS
Inventories	1 577 686	2 249 517	2 325 663
VAT on acquired assets	35 516	330 497	416 014
Accounts receivable	2 145 365	2 685 498	4 495 658
Financial investments (excluding the monetary equivalent)	450	103 981	1 247 382
Cash and monetary equivalents	4 965	157 096	206 201
Other current assets	16 889	415 440	429 766
TOTAL IN SECTION II.	3 780 871	5 942 029	9 120 684
BALANCE	4 638 974	6 793 043	10 245 662
2. LIABILITIES
III. CAPITAL AND RESERVES
Authorized capital (share capital, charter capital, deposits capital, partners capital)	325 150	334 858	338 858
Treasury stock	0	0	0
Revaluation of fixed assets	0	0	0
Additional capital (without revaluation)	0	0	0
Reserve capital	42	42	42
Retained earnings (uncovered loss)	2 300 770	3 786 886	7 910 146
TOTAL IN SECTION III.	2 625 962	4 121 786	8 249 046
IV. LONG-TERM LIABILITIES
Borrowed funds	0	0	202 000
Deferred tax liabilities	23 511	61 696	62 827
Provisions	0	0	0
Other liabilities	0	0	0
TOTAL IN SECTION IV.	23 511	61 696	264 827
V. SHORT-TERM LIABILITIES
Borrowed funds	1 138 425	1 609 660	826 490
Payables	778 390	917 803	846 013
Deferred income	0	0	0
Provisions	42 752	52 164	59 286
Sonstige Verbindlichkeiten	29 934	29 934	0
TOTAL IN SECTION V.	1 989 501	2 609 561	1 731 789
BALANCE	4 638 974	6 793 043	10 245 662
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, no data available about authentication. (31.12.2014 - 1000 RUB)

Profit and loss account	A 31.12.2012		B 31.12.2013		C 31.12.2014
Turnover	11 965 145		12 864 645		14 320 367
Cost of sales	9 475 636		9 106 821		10 281 722
Gross profit (loss)	2 489 509		3 757 824		4 038 645
Selling expenses	231 357		1 026 740		1 212 502
Administrative expenses	729 346		790 998		913 134
Sales profit (loss)	1 528 806		1 940 086		1 913 009
Earnings from other entities	0		0		0
Interest receivable	1 231		10 566		38 170
Interest payable	109 449		121 828		72 135
Other operating income	168 232		5 517 470		11 245 513
Other operating expenses	234 290		5 451 455		9 933 965
Profit (loss) before tax	1 354 530		1 894 839		3 190 592
Current profit tax	271 788		381 189		649 219
Permanent tax liabilities (assets)	20 016		24 722		21 154
Change in deferred tax liabilities	15 818		38 185		953
Change in deferred tax assets	-3 316		12 401		-10 384
Different	-6 107		77		-836
Net profit (loss)	1 069 715		1 487 789		2 530 872
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	1 069 715		1 487 789		2 530 872

RATIOS		2012		2013	2014

	Current ratio	1,9	2,28	5,27
	Quick ratio	1,11	1,42	3,92

	Average Collection Period	n/a	68,53	91,52
	Payables turnover Period	n/a	33,99	31,31

	Debt ratio	0,43	0,39	0,19
	Equity to total assets ratio	0,57	0,61	0,81

	Funding ratio	1,3	1,54	4,13
	Return on sales	8,94	11,56	17,67

	Return on Assets	n/a	26,03	29,71
	Return on Equity	n/a	44,1	40,92

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.64.89
UK Pound	1	Rs.100.39
Euro	1	Rs.73.52

INFORMATION DETAILS

Analysis Done by :	DIV

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%)

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

MIRA INFORM REPORT

Company name & address

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