MIRA INFORM REPORT

 

 

Report No. :

504750

Report Date :

23.04.2018

 

 

IDENTIFICATION DETAILS

 

Name :

OOO SALJUT STAL

 

 

Registered Office :

Silikatnaya Street 32, Mitischinskiy District, Moscow Region, 141006 Mytishchi

 

 

Country :

Russia

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

30.01.2006

 

 

Com. Reg. No.:

OGRN 1067746168060

 

 

Legal Form :

Limited Liability Company 

 

 

Line of Business :

·         Wholesale of metals and metal ores

·         Treatment and coating of metals

 

 

No. of Employees :

50 

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Good

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Russia

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

RUSSIA - ECONOMIC OVERVIEW

 

Russia has undergone significant changes since the collapse of the Soviet Union, moving from a centrally planned economy towards a more market-based system. Both economic growth and reform have stalled in recent years, however, and Russia remains a predominantly 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, transportation, banking, and defense-related sectors. The protection of property rights is still weak, and the state continues to interfere in the free operation of the private sector.

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 is heavily dependent on the movement of world commodity prices as 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 the 1998-2008 period as oil prices rose rapidly, has seen diminishing growth rates since then due to the exhaustion of Russia’s commodity-based growth model.

A combination of falling oil prices, international sanctions, and structural limitations pushed Russia into a deep recession in 2015, with GDP falling by close by 2.8%. The downturn continued through 2016, with GDP contracting another 0.2%, but was reversed in 2017 as world demand picked up. Government support for import substitution has increased recently in an effort to diversify the economy away from extractive industries.

 

Source : CIA

 

 

company SUMMARY

 

COMPANY NAME

OOO SALJUT STAL  

 

ADDRESS

Building

Street

Area

PO Box

N/A

Silikatnaya Street 32

Mitischinskiy District, Moscow Region

141006

Mytishchi

TEL/FAX 

Verified Phones: (+7 495) 921 4411 / Fax: (+7 495) 921 4401

EMAIL/WEBSITE

Email: salut@coba.ru / Website: www.salutsteel.ru

ACTIVITY

 

NAEC 4672 - Wholesale of metals and metal ores; NACE 2561 - Treatment and coating of metals;

PRINCIPAL 

Andrey Olegovich Volgin   

Workforce 

Managing Director 

50 

LEGAL INFO 

 

Date Of Est.

Reg. No.

Legal Form

Status

30/01/2006

OGRN 1067746168060

LLC 

Active

RUBLE (RUB)

38,000,000

 

 

BUSINESS INFORMATION REPORT

 

IDENTIFICATION

CO. NAME

OOO SALJUT STAL

ENQUIRED NAME

SALJUT STAL LTD.

TRADEMARK

SALUT

ALSO KNOWN NAME (S)

SALJUT STAL LTD. / OOO SALYUT STAL

STREET

Silikatnaya Street 32

AREA

Mitischinskiy District, Moscow Region

POSTAL ADDRESS

141006 Mytishchi

CITY

Mytishchi

COUNTRY

Russia

TELEPHONE

(+7 495) 921 4411 / (+7 495) 921 4411   

FAX

(+7 495) 921 4401

VERIFIED EMAIL

salut@coba.ru

WEBSITE

www.salutsteel.ru

BUSINESS HOURS

DAYS

OFFICE HOURS

BREAK TIME

Mon-Fri

09:00-17:00

12:30-13:30

REGISTERED ADDRESS

Silikatnaya Street 32, Mitischinskiy District, Moscow Region, 141006 Mytishchi, Russia

FORMER ADDRESS

Sadovaya-Kudrinskaya Street d. 11, Lit D, of. ZP-1, Moscow 123242

 

 

SENIOR PERSONNEL

 

MANAGEMENT

NAME

POSITION

Andrey Olegovich Volgin

Managing Director 

Nikolay Bychkov

 

Yury Ryzhikov   

Sales Manager

 

Purchasing & Sales Manager 

WORKFORCE

NO. OF EMPLOYEES

PERIOD

50 

04.2018

 

 

FINANCIAL SUMMARY

 

REVENUE  

31/12/2017

31/12/2016

RUBLE 2,800,000,000

RUBLE 2,603,969,000

NET PROFIT / (LOSS)   

31/12/2017  

31/12/2016

RUBLE   200,000,000

RUBLE   239,153,000

PROFIT BEFORE TAX    

RUBLE 298,593,000 as of 31/12/2016

STOCK/INVENTORIES   

RUBLE 946,839,000 as of 31/12/2016

FISCAL YEAR-END  

31 December 

 

 

LEGAL STATUS 

 

INCORPORATION

30/01/2006

REGISTRATION NO.       

C.R. NUMBER

ISSUED BY  

OGRN 1067746168060

Federal Tax Service 

OTHER REGISTRATION NO.     

INN 7703578870 (Tax Code) / KPP 502901001 / OKPO 93457005 (Statistics Code) / OKTMO 46746000001

AUTHORISED CAPITAL     

AMOUNT

CURRENCY

10,000

RUBLE

PAID-UP CAPITAL  

AMOUNT

CURRENCY 

10,000

RUBLE

LEGAL FORM 

Limited Liability Company 

BUSINESS HISTORY 

The Company was incorporated in Russia on 30 January 2006, however its origins of business activities can be traced back to 1993. 

STATUS

Active

SHAREHOLDERS  

NAME  

PERCENTAGE

1. Oleg Valentinovich Soloviev

   Nationality: Russian

   Tax Code: INN 774310763476 

 

2. Andrey Olegovich Volgin

   Nationality: Russian

   Tax Code: INN 771611724002

70.00%

 

 

 

30.00%    

 

 

OPERATION 

 

BANKERS   

PAO Sberbank

Vavilova Street 19

117997 Moscow

Russia

Telephone: (+7 495) 957 5731

Fax      : (+7 495) 747 4758   

Acc. No. : 40702810538170110506

Corr. Acc. No.: 30101810400000000225

BIK: 044525225

ACTIVITY CODE (NACE)    

4672 - Wholesale of metals and metal ores; 2561 - Treatment and coating of metals;

LINE OF BUSINESS    

Trading as importers and wholesalers of stainless steel.

 

Subject’s partners include:

- OUTOKUMPU;

- APERAM;

- Acerinox;

- YC Inox;

- Jindal Stainless;

- Chandan Steel;

- Padana Tubi;

- Iltainox;

- Marcegaglia;

- RusInox.

IMPORT FROM

Europe, Sweden, Finland, Spain, Germany, France, Belgium, Italy, Brazil, South Africa, India and Japan.

EXPORT TO

Subject does not engage in exporting activities.

FACILITIES

10,000 sq. m. owned premises comprising administrative offices and storage facilities located at the heading address as well as one branch office located in Moscow (see “Branch Offices” below). 

BRANCH OFFICES

Sadovaya-Kudrinskaya Street d. 11, Lit D,  Moscow 123242

Russia

Telephone: (+7 495) 921 4411

RELATED COMPANIES

Associate

 

OOO Obiedinenie Salyut

Sadovaya-Kudrinskaya Street 11

Moscow 123242

Russia

Est.: 18/06/2015

C.R. No.: OGRN 1157746548277

Tax Code: INN 7703383688

Shareholders:

Oleg Valentinovich Soloviev – 70%

Andrey Olegovich Volgin – 30%

 

 

FINANCIAL INFORMATION 

 

CURRENCY   

RUBLE

PERIOD    

31/12/2016

31/12/2015

CURRENT ASSETS     

1,192,549,000    

  964,538,000

STOCK/INVENTORIES   

  946,839,000    

  638,756,000

NON-CURRENT ASSETS 

    7,745,000

    3,070,000

CURRENT LIABILITIES 

  450,893,000    

  427,359,000   

NON-CURRENT LIABILITIES

     155,000        

      155,000

EQUITY

  749,246,000    

  540,095,000

BALANCE TOTAL

1,200,294,000    

  967,608,000

REVENUE

2,603,969,000  

2,220,394,000

NET PROFIT / LOSS

  239,153,000    

  224,068,000   

NOTES

Balance sheets as at 31 December 2016 showed :

 

                    31/12/2016      31/12/2015

                            (in RUBLE)

 

ASSETS

Non-current assets

Fixed assets         7,075,000       2,363,000

Deferred tax assets    670,000         707,000

Total non-current

assets               7,745,000       3,070,000

Current assets

Stock              946,839,000     638,756,000

Value added tax on

purchased valuables 46,773,000       9,698,000

Trade receivables  182,214,000     184,207,000

Financial

investments                  0       5,082,000

Cash equivalents    16,592,000     126,597,000

Other current

assets                 131,000         198,000

Total current

assets           1,192,549,000     964,538,000

TOTAL ASSETS     1,200,294,000     967,608,000 

 

EQUITY & LIABILITIES

Share capital           10,000          10,000 

Retained

earnings           749,236,000     540,085,000

Total Equity       749,246,000     540,095,000

Long-term liabilities

Deferred tax

liabilities            155,000         155,000

Total long-term

liabilities            155,000         155,000

Short-term

liabilities

Accounts payable   450,893,000     427,359,000

Total Short-term

Liabilities        450,893,000     427,359,000

TOTAL EQUITY &

LIABILITIES      1,200,294,000     967,608,000

 

INCOME STATEMENT

 

Revenue          2,603,969,000   2,220,394,000

Cost of Sales   (2,130,706,000) (1,817,524,000)

Gross Profit       473,263,000     402,870,000

Commercial

expenses          (163,432,000)   (129,115,000)

Administrative

expenses               (51,000)              0

Profit(loss) from

sales              309,780,000     273,755,000

Other income and expenses

Other income        58,059,000      52,546,000

Other expenses     (69,246,000)    (50,280,000)

Profit(loss) before

taxation           298,593,000     276,021,000

Change in deferred

tax assets             (37,000)       (268,000)

Current income tax (59,403,000)    (51,685,000)

Net Profit(loss)   239,153,000     224,068,000

 

 

SPECIAL REMARKS

 

INTERVIEWED   

Nikolay Bychkov (Sales Manager).

COMMENTS    

You enquired on: SALJUT STAL LTD. Please note that this name applies to an English translation of the subject’s name. Subject’s correct registered name is as per heading.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 66.02

UK Pound

1

INR 92.73

Euro

1

INR 81.46

RUB

1

INR 1.07

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

Report Prepared by :

KET

                                                


 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.