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MIRA INFORM REPORT
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Report No. : |
484866 |
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Report Date : |
08.01.2018 |
IDENTIFICATION DETAILS
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Name : |
OBSHCHESTVO S OGRANICHENNOY OTVETSTVENNOSTYU VICHYUNAY-RUS |
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Registered Office : |
Ul Mayakovskogo 3B, 238758 Kaliningradskaya
Oblast, G Sovetsk |
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Country : |
Russia |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
28.06.2002 |
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Com. Reg. No.: |
1023902001947 |
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Legal Form : |
Limited liability companies (OOO) |
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Line of Business : |
·
Wholesale of live animals ·
Wholesale of other food, including fish,
crustaceans and molluscs ·
Wholesale of fish, crustaceans and
molluscs, canned fish and seafood, and Credia - Chile fish and seafood
preserves ·
Warehousing and storage activities ·
Other support activities incidental
to transportation ·
Activities of advertising agencies |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 |
A1 |
A1 |
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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'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, 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 the GDP falling by close to 4%. The downturn continued through 2016, with GDP contracting by 0.6%. Government support for import substitution has increased recently in an effort to diversify the economy away from extractive industries. Russia is heavily dependent on the movement of world commodity prices and the Central Bank of Russia estimates that if oil prices remain below $40 per barrel in 2017, the resulting shock would cause GDP to fall by up to 5%.
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Source
: CIA |
Company
Name AND ADDRESS
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OOO "VICHYUNAY-RUS" |
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Company
Summery
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Company development |
Constant company development. |
(29) |
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Business course |
Good order situation. |
(21) |
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Terms of payment |
As far as know, punctually. |
(29) |
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Business connection |
Business connection appears permissable. |
(31) |
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Legal form |
Limited Liability Companies (Ooo) |
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Established on |
28/06/2002 - Limited liability companies (OOO) |
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Registered on |
02/10/2002, MEZHRAYONNAYA INSPEKTSIYA N4 MNS PO KALININGRADSKOY
OBLASTI, RegNr.: 1023902001947 |
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Registered capital |
RUB |
193 000 000,- |
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Owner |
ZAKRYTOE AKTSIONERNOE OBSHCHESTVO VICHYUNU GRUPE |
% |
100 |
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Sole Executive Body |
YUozas Berzhonskis |
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General data |
Main activity: |
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Brand name: |
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"ESVA" |
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"COLUMBUS" |
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Full name: |
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Short name: |
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Residence address: |
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Permanent address: |
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Other activities |
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OKVED2: |
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Wholesale of live animals |
(46.23) |
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Wholesale of other food, including fish, crustaceans and
molluscs |
(46.38) |
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Wholesale of fish, crustaceans and molluscs, canned fish and
canned seafood, and fish and seafood preserves |
(46.38.1) |
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Warehousing and storage activities |
(52.10) |
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Other support activities incidental to transportation |
(52.29) |
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Activities of advertising agencies |
(73.11) |
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Annual turnover |
31/12/2006 |
Enterprise turnover |
RUB |
1 862 712 000,- |
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31/12/2007 |
Enterprise turnover |
RUB |
2 306 738 000,- |
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31/12/2008 |
Enterprise turnover |
RUB |
3 302 404 000,- |
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31/12/2009 |
Enterprise turnover |
RUB |
3 550 871 000,- |
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31/12/2010 |
Enterprise turnover |
RUB |
3 861 417 000,- |
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31/12/2011 |
Enterprise turnover |
RUB |
4 602 929 000,- |
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31/12/2012 |
Enterprise turnover |
RUB |
4 803 997 000,- |
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31/12/2013 |
Enterprise turnover |
RUB |
5 227 374 000,- |
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31/12/2014 |
Enterprise turnover |
RUB |
6 674 755 000,- |
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31/12/2015 |
Enterprise turnover |
RUB |
6 990 586 000,- |
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Events, negative data |
25.09.2012 - Legal debt collection procedure |
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23.03.2015 - Legal debt collection procedure |
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24.07.2015 - Legal debt collection procedure |
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Remarks |
OOO “VICHUNAI RUS” is a part of VICIUNAI GROUP. The main
activity of OOO “VICHUNAI RUS” is production of fish products and crab sticks
under the marks “VICI”, “ESVA”, “COLUMBUS”. |
Financials
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A. 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). |
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balance |
A 31.12.2013 |
B 31.12.2014 |
C 31.12.2015 |
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1. ASSETS |
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I. FIXED ASSETS |
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Intangible assets |
8 245 |
7 420 |
6 596 |
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The results of research and development |
0 |
0 |
0 |
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Intangible research assets |
0 |
0 |
0 |
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Tangible research assets |
0 |
0 |
0 |
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Fixed assets |
675 542 |
678 018 |
624 985 |
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Profitable investments in tangible assets |
0 |
0 |
0 |
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Financial investments |
216 253 |
58 464 |
0 |
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Deferred tax assets |
6 725 |
82 741 |
40 181 |
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Other non-current assets |
934 |
7 301 |
904 |
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TOTAL IN SECTION I. |
907 699 |
833 944 |
672 666 |
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II. CURRENT ASSETS |
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Inventories |
1 138 078 |
1 769 528 |
1 965 843 |
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VAT on acquired assets |
3 781 |
4 087 |
2 973 |
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Accounts receivable |
1 637 747 |
3 055 887 |
2 021 126 |
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Financial investments (excluding the monetary equivalent) |
337 706 |
553 028 |
468 887 |
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Cash and monetary equivalents |
11 791 |
150 403 |
4 462 |
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Other current assets |
0 |
0 |
0 |
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TOTAL IN SECTION II. |
3 129 103 |
5 532 934 |
4 463 292 |
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BALANCE |
4 036 802 |
6 366 879 |
5 135 957 |
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2. LIABILITIES |
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III. CAPITAL AND RESERVES |
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Authorized capital (share capital, charter capital, deposits
capital, partners capital) |
193 000 |
193 000 |
193 000 |
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Treasury stock |
0 |
0 |
0 |
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Revaluation of fixed assets |
9 125 |
3 294 |
10 319 |
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Additional capital (without revaluation) |
2 |
0 |
0 |
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Reserve capital |
0 |
0 |
0 |
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Retained earnings (uncovered loss) |
938 190 |
1 161 397 |
1 069 853 |
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TOTAL IN SECTION III. |
1 140 317 |
1 357 692 |
1 273 171 |
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IV. LONG-TERM LIABILITIES |
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Borrowed funds |
357 500 |
739 500 |
762 850 |
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Deferred tax liabilities |
78 645 |
77 926 |
77 536 |
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Provisions |
0 |
0 |
0 |
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Other liabilities |
0 |
0 |
0 |
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TOTAL IN SECTION IV. |
436 145 |
817 426 |
840 386 |
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V. SHORT-TERM LIABILITIES |
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Borrowed funds |
1 469 611 |
1 859 941 |
1 404 477 |
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Payables |
965 314 |
2 302 607 |
1 588 198 |
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Deferred income |
0 |
0 |
0 |
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Provisions |
25 416 |
29 213 |
29 726 |
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Sonstige Verbindlichkeiten |
0 |
0 |
0 |
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TOTAL IN SECTION V. |
2 460 340 |
4 191 761 |
3 022 401 |
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BALANCE |
4 036 802 |
6 366 879 |
5 135 957 |
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A. The enclosed profit and loss account of 2013 is originated from
official source, no data available about authentication. (31.12.2013 - 1000
RUB) |
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profit and loss account |
A 31.12.2013 |
B 31.12.2014 |
C 31.12.2015 |
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Turnover |
5 227 374 |
6 674 755 |
6 990 586 |
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Cost of sales |
4 370 479 |
5 294 708 |
5 777 218 |
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Gross profit (loss) |
856 895 |
1 380 047 |
1 213 368 |
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Selling expenses |
379 360 |
542 904 |
704 920 |
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Administrative expenses |
58 429 |
81 700 |
90 914 |
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Sales profit (loss) |
419 106 |
755 443 |
417 534 |
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Earnings from other entities |
0 |
0 |
0 |
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Interest receivable |
14 504 |
26 585 |
24 053 |
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Interest payable |
170 673 |
198 137 |
365 165 |
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Other operating income |
325 114 |
1 444 500 |
2 668 705 |
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Other operating expenses |
382 733 |
1 745 370 |
2 419 437 |
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Profit (loss) before tax |
205 318 |
283 021 |
325 690 |
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Current profit tax |
35 438 |
134 200 |
26 519 |
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Permanent tax liabilities (assets) |
1 448 |
2 320 |
1 794 |
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Change in deferred tax liabilities |
4 786 |
740 |
-2 147 |
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Change in deferred tax assets |
-2 288 |
76 015 |
-42 560 |
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Different |
0 |
889 |
-172 |
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Net profit (loss) |
162 806 |
223 207 |
258 930 |
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Results of fixed assets revaluation, non-includedin net
profit/loss for period |
25 |
-733 |
4 468 |
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Result of other transactions, non included in net profit/loss
for period |
0 |
-5 100 |
2 556 |
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Total financial result for period |
162 831 |
217 374 |
265 954 |
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Ratios |
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2013 |
2014 |
2015 |
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Current ratio |
1,27 |
1,32 |
1,48 |
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Quick ratio |
0,81 |
0,9 |
0,83 |
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Average Collection Period |
0,89 |
0,77 |
0,7 |
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Payables turnover Period |
2,47 |
2,67 |
2,66 |
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Debt ratio |
0,72 |
0,79 |
0,75 |
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Equity to total assets ratio |
0,28 |
0,21 |
0,25 |
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Funding ratio |
0,39 |
0,27 |
0,33 |
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Return on sales |
0,03 |
0,03 |
0,04 |
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Return on Assets |
0,02 |
0,02 |
0,02 |
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Return on Equity |
0,03 |
0,03 |
0,03 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.38 |
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1 |
INR 86.02 |
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Euro |
1 |
INR 76.50 |
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RUB |
1 |
INR 1.11 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VIV |
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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
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Promoters
/ Management background
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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.