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MIRA INFORM REPORT
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Report No. : |
489039 |
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Report Date : |
01.02.2018 |
IDENTIFICATION DETAILS
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Name : |
OOO VULKAN-A |
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Registered Office : |
Vavilova Street 83, Apartment 2, Lomonosovskiy
District, 117335 Moscow |
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Country : |
Russia |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
13.02.1998 |
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Com. Reg. No.: |
OGRN 1027700409043 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading
as Importers and Wholesalers of Textile Products, Mainly Fabrics. |
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No. of Employees : |
12 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
C |
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Credit Rating |
Explanation |
Rating Comments |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Russia |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
BRIEF
SUMMARY
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COMPANY NAME |
OOO VULKAN-A |
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ADDRESS |
Building |
Street |
Area |
PO Box |
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N/A |
Vavilova Street 83, Apartment 2 |
Lomonosovskiy District |
117335 Moscow |
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TEL/FAX |
Verified Phones: +(7 495) 234 9865 / +(7 495) 234 9864 / Fax: +(7 495) 234 3092 |
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EMAIL/WEBSITE |
Email: gagan@vulkana.ru / sales@vulkana.ru / Website: www.vulkana.ru |
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ACTIVITY |
NACE 4641 - Wholesale of textiles; / NACE 4616 - Agents involved in
the sale of textiles, clothing, fur, footwear and leather goods; |
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PRINCIPAL |
Akashdeep
Singh |
Workforce |
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Managing Director |
12 |
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LEGAL INFO |
Date Of Est. |
Reg. No. |
Legal Form |
Status |
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13/02/1998 |
OGRN
1027700409043 |
LLC
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Active |
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CAPITAL |
CURRENCY |
AMOUNT |
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RUBLE (RUB) |
13,915 |
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OPINION ON MAX CREDIT |
CURRENCY |
AMOUNT |
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RUBLE (RUB) |
890,000 |
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IDENTIFICATION
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CO. NAME |
OOO Vulkan-A |
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ENQUIRED NAME |
VULKANA A LTD |
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ALSO KNOWN NAME
(S) |
Vulkan-A Ltd / Design Studio Vulkana |
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STREET |
Vavilova Street 83, Apartment 2 |
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AREA |
Lomonosovskiy
District |
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POSTAL ADDRESS |
117335 Moscow |
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CITY |
Moscow |
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COUNTRY |
Russia |
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TELEPHONE |
+(7 495) 234 9865 / +(7 495) 234 9864 |
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FAX |
+(7 495) 234 3092 |
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VERIFIED EMAIL |
gagan@vulkana.ru
/ sales@vulkana.ru /
vulkana.llc@gmail.com / sakashdeep@gmail.com / golikov@vulkana.ru |
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WEBSITE |
www.vulkana.ru |
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BUSINESS HOURS |
DAYS |
OFFICE HOURS |
BREAK TIME |
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Mon-Fri |
Mon-Thu - 09:00-18:00 Fri – 09:00-17:00 |
13:00-14:00 |
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REGISTERED
ADDRESS |
Vavilova Street 83, Apartment 2, Lomonosovskiy District, 117335 Moscow,
Russia |
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SENIOR
PERSONNEL
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MANAGEMENT |
NAME |
POSITION |
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Akashdeep Singh |
Managing
Director |
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Gagandeep Singh Sergey
Golikov |
Executive
Director Business
Development Manager |
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WORKFORCE |
NO. OF EMPLOYEES
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PERIOD |
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12 |
01.2018 |
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FINANCIAL
SUMMARY
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REVENUE |
31/12/2017 |
31/12/2016 |
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RUBLE 40,000,000 |
RUBLE 33,901,000 |
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NET PROFIT /
(LOSS) |
31/12/2017 |
31/12/2016 |
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break-even |
RUBLE (-978,000) |
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PROFIT BEFORE
TAX |
RUBLE –(810,000) as of 31/12/2016 |
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STOCK/INVENTORIES |
RUBLE 11,082,000 as of 31/12/2016 |
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LEGAL
STATUS
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INCORPORATION |
13.02.1998 |
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REGISTRATION
NO. |
C.R. NUMBER |
ISSUED BY |
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OGRN
1027700409043 |
Federal Tax
Service |
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OTHER
REGISTRATION NO. |
INN 7729364552 (Tax
Code) / KPP 773601001 / OKPO 18309821 (Statistics Code) / OKTMO 45904000000 |
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AUTHORISED
CAPITAL |
AMOUNT |
CURRENCY |
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RUBLE |
13,915 |
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PAID-UP
CAPITAL |
AMOUNT |
CURRENCY |
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RUBLE |
13,915 |
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LEGAL FORM |
Limited Liability Company |
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BUSINESS
HISTORY |
The Company was incorporated in Russia on 13 February 1998. |
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STATUS |
Active |
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SHAREHOLDERS |
NAME |
PERCENTAGE |
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1. Akashdeep Singh Nationality: Indian Tax Code: INN 773800309125 2. Gagandeep Singh Nationality: Indian Tax Code: INN 773800309510 (brother of the above) |
60.00% 40.00% |
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OPERATION
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BANKERS |
PAO ACB Absolut
Bank Valovaya Street
2-4/44, Building-1 115054 Moscow Russia Tel: +(7 495)
777 7171 SWIFT Code/ BIC
(BIK) No.: 04455976 Acc. No.: 407
028 101 220 000 37647 |
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ACTIVITY CODE
(NACE) |
4641 - Wholesale
of textiles; / 4616 - Agents involved in the sale of textiles, clothing, fur,
footwear and leather goods; |
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LINE OF
BUSINESS |
Trading as importers and
wholesalers of textile products, mainly fabrics. |
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IMPORT FROM |
India |
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EXPORT TO |
Subject does not engage in exporting activities. |
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FACILITIES |
Rented premises comprising administrative offices and storage facilities
located at the heading address as well as additional office premises located
at Vavilova Street 85, Office 3, Moscow.
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RELATED
COMPANIES |
Associate OOO Vulkan International Proezd Roshinskiy 2-y, Building 2, Apartment 24 Moscow 115419 Russia Est.: 17/08/2009 C.R. No.: OGRN 1097746454046 Tax Code: INN 7705894350 Share Capital: RUBLE 18,000 Shareholders: Akashdeep Singh – 51% Viktor Nikolaevich Glebov – 33% Gagandeep Singh - 16% |
FINANCIAL
INFORMATION
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CURRENCY |
RUBLE |
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PERIOD |
31/12/2016 |
31/12/2015 |
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CURRENT
ASSETS |
21,905,000 |
20,365,000 |
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STOCK/INVENTORIES |
11,082,000 |
14,381,000 |
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CURRENT
LIABILITIES |
26,609,000 |
21,943,000 |
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EQUITY |
-4,702,000 |
-1,550,000 |
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BALANCE TOTAL |
21,907,000 |
20,393,000 |
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REVENUE |
33,901,000 |
24,252,000 |
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NET PROFIT /
LOSS |
-978,000 |
-615,000 |
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NOTES |
Balance sheets as at 31 December 2016 showed :
31/12/2016 31/12/2015 (in RUBLE) ASSETS Non-current assets Fixed assets
2,000 28,000 Total non-current assets 2,000 28,000 Current assets Stock
11,082,000 14,381,000 Trade receivables
10,573,000 5,843,000 Cash equivalents 250,000 141,000 Total current assets
21,905,000 20,365,000 TOTAL ASSETS
21,907,000 20,393,000 EQUITY & LIABILITIES Total Equity
-4,702,000 -1,550,000 Short-term Liabilities Accounts payable
26,609,000 21,943,000 Total short-term liabilities
26,609,000 21,943,000 TOTAL EQUITY & LIABILITIES
21,907,000 20,393,000 INCOME STATEMENT Revenue
33,901,000 24,252,000 Cost of Sales
33,315,000 23,173,000 Gross Profit 586,000 1,079,000 Other income and expenses Other income 684,000 226,000 Other expenses
2,080,000 1,808,000 Profit(loss) before taxation
-810,000 -503,000 Current income tax 168,000 112,000 Net Profit(loss)
-978,000 -615,000 |
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PAYMENT
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FINANCIAL
STRENGTH |
Normal |
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EMPLOYEE
RANGE |
ER6 |
SPECIAL
REMARKS
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INTERVIEWED |
Gagandeep Singh
(Executive Director). |
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COMMENTS |
You enquired on:
VULKANA A LTD. Please note that subject’s correct registered name is as per
heading. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.69 |
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1 |
INR 90.35 |
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Euro |
1 |
INR 79.21 |
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RUB |
1 |
INR 1.14 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
VAR |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.