MIRA INFORM REPORT

 

 

Report No. :

505299

Report Date :

28.04.2018

 

 

IDENTIFICATION DETAILS

 

Name :

OOO KS-GROUP

 

 

Registered Office :

Ordzhonikidze Street 165, Penza Region, 442530 Kuznetsk

 

 

Country :

Russia 

 

 

Financials (as on) :

31.12.2016     

 

 

Date of Incorporation :

31.07.2009

 

 

Com. Reg. No.:

OGRN 1095803001722

 

 

Legal Form :

Limited Liability Company 

 

 

Line of Business :

·         Wholesale of hides, skins and leather

·         Agents involved in the sale of textiles, clothing, fur, footwear and leather goods

 

 

No. of Employees :

2  

 

 

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 :

Satisfactory

 

 

Payment Behaviour :

Slow but Correct

 

 

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

 

 

SUMMARY 

 

 

 

COMPANY NAME

OOO KS-GROUP

 

ADDRESS

Building

Street

Area

PO Box

N/A

Ordzhonikidze  Street 165

Penza Region

442530

Kuznetsk

TEL/FAX 

Verified Phones: (+7 84157) 26526 / (+7 963) 963 5969 / Fax: (+7 84157) 26526   

EMAIL/WEBSITE

Email: kozhsoyuz@yandex.ru / Website: www.kozhsoyuz.ru

ACTIVITY

 

NACE 4624 - Wholesale of hides, skins and leather; NACE 4616 - Agents involved in the sale of textiles, clothing, fur, footwear and leather goods; 

PRINCIPAL 

Svetlana Alekseevna Kovaleva

Workforce 

Managing Director 

2  

LEGAL INFO 

 

Date Of Est.

Reg. No.

Legal Form

Status

31/07/2009

OGRN 1095803001722

LLC 

Active

CAPITAL

CURRENCY

AMOUNT

RUBLE (RUB)  

10,000  

             

 

IDENTIFICATION

 

CO. NAME

OOO KS-GROUP

ALSO KNOWN NAME (S)

OOO KS-GRUPP / KS GROUP LTD / LLC KS-GROUP      

STREET

Ordzhonikidze Street 165

AREA

Penza Region

POSTAL ADDRESS

442530 Kuznetsk

CITY

Kuznetsk

COUNTRY

Russia

TELEPHONE

(+7 84157) 26526 / (+7 84157) 26422 / (+7 499) 748 6138 / Mobile (+7 963) 963 5969 (Svetlana Alekseevna Kovaleva)  

FAX

(+7 84157) 26526     

VERIFIED EMAIL

kozhsoyuz@yandex.ru

WEBSITE

www.kozhsoyuz.ru

BUSINESS HOURS

DAYS

OFFICE HOURS

BREAK TIME

Mon-Fri

09:00-18:00

13:00-14:00

REGISTERED ADDRESS

Ordzhonikidze Street 165, Penza Region, 442530 Kuznetsk, Russia 

 

 

SENIOR PERSONNEL

 

MANAGEMENT

NAME

POSITION

Svetlana Alekseevna Kovaleva

Managing Director 

WORKFORCE

NO. OF EMPLOYEES

PERIOD

2 

04.2018

 

 

FINANCIAL SUMMARY

 

REVENUE  

31/12/2017

31/12/2016

RUBLE 100,000,000

RUBLE 120,270,000

NET PROFIT / (LOSS)    

31/12/2017  

31/12/2016

RUBLE     150,000

RUBLE     270,000

PROFIT BEFORE TAX    

RUBLE 338,000 as of 31/12/2016

STOCK/INVENTORIES   

RUBLE 9,619,000 as of 31/12/2016

FISCAL YEAR-END

31 December 

 

 

LEGAL STATUS 

 

INCORPORATION

31/07/2009

REGISTRATION NO.       

C.R. NUMBER

ISSUED BY  

OGRN 1095803001722

Federal Tax Service

OTHER REGISTRATION NO.     

INN 5803020067 (Tax Code) / KPP 580301001 / OKPO 61837048 (Statistics Code) / OKTMO 56705000001

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 31 July 2009. 

STATUS

Active

SHAREHOLDERS  

NAME  

PERCENTAGE

Svetlana Alekseevna Kovaleva

Nationality: Russian

Tax Code: INN 524501916711

100.00% 

 

 

OPERATION 

 

BANKERS   

PAO BANK VTB (frmly VTB 24)

Kirova Street 95

Penza Region, Kuznetsk

Russia

Telephone: (+7 84157) 23494

Fax      : (+7 84157) 23826  

ACTIVITY CODE (NACE)    

4624 - Wholesale of hides, skins and leather; 4616 - Agents involved in the sale of textiles, clothing, fur, footwear and leather goods;

LINE OF BUSINESS    

Trading as importers and wholesalers of genuine leather products.

 

Subject closely cooperates with:

 

- OOO TD KozhSoyuz

  Amurskaya Street 15/1, Bldg 2

  Moscow 107497

  Est.: 13/01/2015

  C.R. No.: OGRN 1157746020145

  Tax Code: INN 7718024949

  Managing Director: Igor Sedunov

  Shareholders:

  Igor Sedunov – 50%

  Anna Raminova – 50%

 

- OOO KozhSoyuz 

  Kolodezniy Pereulok 14, Office 608

  Moscow 107076  

  Est.: 21/07/2009

  C.R. No.: OGRN 1097746396725

  Tax Code: INN 7718769028

  Managing Director: Igor Sedunov

  Shareholders:

  Igor Sedunov – 50%

  Yevgeniy Raminov – 50%

 

- OOO Kuznetskiy Kozhevenniy Zavod

  Ordzhonikidze Street 165 

  Penza Region

  442530 Kuznetsk

  Russia 

  Est.: 24/12/2012

  C.R. No.: OGRN 1125803001290

  Tax Code: INN 5803024262

  Sole Shareholder: Olga Valerievna Sartseva

IMPORT FROM

India, Pakistan and China.

EXPORT TO    

Subject does not engage in exporting activities.

FACILITIES

Rented premises comprising administrative offices and storage facilities located at the heading address. 

 

 

FINANCIAL INFORMATION 

 

CURRENCY   

RUBLE

PERIOD    

31/12/2016

31/12/2015

CURRENT ASSETS     

 25,012,000      

 9,589,000

STOCK/INVENTORIES   

  9,619,000      

 4,247,000

NON-CURRENT ASSETS 

  1,452,000      

 1,590,000

CURRENT LIABILITIES 

 18,307,000      

 9,334,000

NON-CURRENT LIABILITIES

          0        

   329,000

EQUITY

  8,157,000      

 1,516,000

BALANCE TOTAL

 26,464,000     

11,179,000  

REVENUE

120,270,000     

65,937,000

NET PROFIT / LOSS

    270,000        

   246,000

NOTES

Balance sheets as at 31 December 2016 showed :

 

                    31/12/2016      31/12/2015

                            (in RUBLE)

 

ASSETS

Non-current assets

Fixed assets         1,452,000       1,590,000

Total non-current

assets               1,452,000       1,590,000 Current assets

Stock                9,619,000       4,247,000

Trade receivables   14,884,000       4,933,000

Cash and cash

equivalents            509,000         409,000

Total current

assets              25,012,000       9,589,000

TOTAL ASSETS        26,464,000      11,179,000 

 

EQUITY & LIABILITIES

Share capital           10,000          10,000

Retained

earnings             8,147,000       1,506,000

Total Equity         8,157,000       1,516,000

Long-term

liabilities                  

Borrowings                   0         329,000

Total long-term

liabilities                  0         329,000

Short-term

liabilities

Accounts payable    18,307,000       9,334,000

Total Short-term

liabilities         18,307,000       9,334,000

TOTAL EQUITY &

LIABILITIES         26,464,000      11,179,000

 

INCOME STATEMENT

 

Revenue            120,270,000      65,937,000

Cost of Sales     (117,747,000)    (64,201,000)

Gross Profit         2,523,000       1,736,000

Commercial

expenses            (1,938,000)     (1,143,000)

Administrative

expenses               (44,000)       (188,000)

Profit(loss) from

sales                  541,000         405,000

Other income and expenses

Other income            40,000               0

Other expenses        (243,000)        (98,000)

Profit(loss) before

taxation               338,000         307,000

Current income tax     (68,000)        (61,000)

Net Profit(loss)       270,000         246,000

 

 

SPECIAL REMARKS 

 

INTERVIEWED   

Svetlana Alekseevna Kovaleva (Managing Director).

COMMENTS    

You enquired on: KS GROUP 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 66.78

UK Pound

1

INR 92.89

Euro

1

INR 80.74

RUB

1

INR 1.07 

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

Report Prepared by :

SYL

                                                


 

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.