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MIRA INFORM REPORT
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Report No. : |
484405 |
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Report Date : |
12.01.2018 |
IDENTIFICATION DETAILS
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Name : |
AO PURPETRUBOPROVODSTROY |
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Formerly Known As : |
AB OAO PURPETRUBOPROVODSTROY |
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Registered Office : |
Myasnitskaya Street 46/7, Basmyanniy District, 101000 Moscow |
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Country : |
Russia |
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Financials (as on) : |
31.12.2017 |
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Date of Incorporation : |
11.01.1993 |
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Com. Reg. No.: |
OGRN
1028900898454 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Subject
is building contractors engaged in construction and installation of oil and
gas industry, power supply facilities, roads, utilities networks and other
industrial and civil construction. |
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No. of Employees : |
1,100 [January 2018] 738 [January 2017] 6,000 [Evrakor Group - January 2018] |
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 : |
No Complaints |
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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'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 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 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 |
BRIEF
SUMMARY
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COMPANY NAME |
AO PURPETRUBOPROVODSTROY |
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ADDRESS |
Building |
Street |
Area |
PO Box |
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N/A |
Myasnitskaya Street 46/7 |
Basmyanniy District |
101000 Moscow |
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TEL/FAX |
Verified Phones: +(7 495) 780 2080
ext. 4 / Fax: +(7 495) 223 5631 |
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EMAIL/WEBSITE |
Email: info@aoptps.ru / Website: www.aoptps.ru |
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ACTIVITY |
NACE 4299 - Construction of other civil engineering projects n.e.c. /
NACE 4329 - Other construction installation; NACE 4221 - Construction of
utility projects for fluids. |
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PRINCIPAL |
Sergey
Gennadievich Orlov |
Workforce |
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Managing Director |
1,100 |
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LEGAL INFO |
Date Of Est. |
Reg. No. |
Legal Form |
Status |
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11/01/1993 |
OGRN
1028900898454 |
JSC |
Active |
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CAPITAL |
CURRENCY |
AMOUNT |
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RUBLE (RUB) |
75,900 |
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OPINION ON MAX CREDIT |
CURRENCY |
AMOUNT |
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RUBLE (RUB |
75,900 |
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IDENTIFICATION
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CO. NAME |
AO PURPETRUBOPROVODSTROY |
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ENQUIRED NAME |
JSC
PURPETRUBOPROVODSTROY |
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ALSO KNOWN NAME
(S) |
AO PTPS / PURPETRUBOPROVODSTROY
JSC / PURPETRUBOPROVODSTROY |
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FORMER NAME |
AB OAO PURPETRUBOPROVODSTROY |
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STREET |
Myasnitskaya
Street 46/7 |
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AREA |
Basmyanniy
District |
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POSTAL ADDRESS |
101000 Moscow |
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CITY |
Moscow |
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COUNTRY |
Russia |
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TELEPHONE |
+(7 495) 780 2080 ext. 4 / +(7 34936) 51436 / +(7 34936) 35179 / +(7 34936) 31376 |
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FAX |
+(7 495) 223 5631 |
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VERIFIED EMAIL |
info@aoptps.ru /
press@euracor.com / ddpts@pursatcom.ru |
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WEBSITE |
www.aoptps.ru |
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BUSINESS HOURS |
DAYS |
OFFICE HOURS |
BREAK TIME |
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Mon-Fri |
09:00-18:00 |
13:00-14:00 |
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REGISTERED
ADDRESS |
Myasnitskaya
Street 46/7, Basmyanniy District, 101000 Moscow |
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SENIOR
PERSONNEL
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MANAGEMENT |
NAME |
POSITION |
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Vitaliy Vladimirovich Gorniy |
Group President |
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Sergey Gennadievich Orlov Aleksandr Dmitrievich
Budyak Albert Vladimirovich
Bolshakov Valeriy Nikolaevich
Pukalenko Sergey Aleksandrovich
Savinov Tatyana Aleksandrovna
Telyatkina Oleg Burovnikov |
Managing
Director Group Vice
President / Production Vice President /
Procurement Vice President /
HR Vice President Vice President Vice
President |
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WORKFORCE |
NO. OF EMPLOYEES
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PERIOD |
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1,100 |
01.2018 |
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738 6,000 (Evrakor Group) |
01.2017 01.2018 |
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FINANCIAL
SUMMARY
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OTHER
INCOME |
31/12/2016 |
31/12/2015 |
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RUBLE
1,067,170,000 |
RUBLE 70,109,000 |
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NET PROFIT /
(LOSS) |
31/12/2016 |
31/12/2015 |
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RUBLE
776,011,000 |
RUBLE
–(59,322,000) |
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PROFIT BEFORE
TAX |
RUBLE 970,674,000 as at 31/12/2016 |
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STOCK/INVENTORIES |
RUBLE 174,837,000 as at 31/12/2016 |
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LEGAL
STATUS
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INCORPORATION |
11/01/1993 |
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REGISTRATION
NO. |
C.R. NUMBER |
ISSUED BY |
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OGRN 1028900898454 |
Federal Tax
Service |
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OTHER
REGISTRATION NO. |
INN 8911005311 (Tax
Code) / KPP 770101001 / OKPO 21751408 (Statistics Code) / OKTMO 45375000000 |
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AUTHORISED
CAPITAL |
AMOUNT |
CURRENCY |
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75,900 |
RUBLE |
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PAID-UP CAPITAL |
AMOUNT |
CURRENCY |
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75,900 |
RUBLE |
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LEGAL FORM |
Joint Stock Company |
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BUSINESS
HISTORY |
The company was incorporated in Russian Federation on 11 January 1993
on the basis of Kholmogortruboprovodstroy, which was operating since 23
October 1985. In 2012, subject changed its name from AB OAO
Purpetruboprovodstroy to AO
Purpetruboprovodstroy. Initially, subject’s shareholding structure was as
follows: ZAO Trinfiko – 17% OOO Russkaya Neftegazovaya Kompaniya – 16% Koremill Limited – 16% Primedeil Limited – 16% OOO Prominvest – 15% Tatyana Ivanovna Shalimova – 15% Later on, subject’s shareholding structure changed to the present. |
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STATUS |
Active |
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SHAREHOLDERS |
NAME |
PERCENTAGE |
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1. Towerlead Alliance LP UK 2. 13 Russian individuals |
81.62% 18.38% |
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OPERATION
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BANKERS |
PAO VTB Bank
(subject previously had an account with PAO Bank Moskvy, which assets and
operations recently acquired by PAO VTB Bank) Leninskaya
Sloboda Street 26 Moscow Russia Telephone: +(7
800) 200 2326 |
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AUDITORS |
OOO
FinEkspertiza Mira Avenue 69 129110 Moscow Russia Telephone: +(7
495) 775 2200 Tax Code: INN
7708096662 |
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ACTIVITY CODE
(NACE) |
4299 - Construction
of other civil engineering projects n.e.c.; 4329 - Other construction
installation; 4221 - Construction of utility projects for fluids. |
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LINE OF
BUSINESS |
Building contractors
engaged in construction and installation of oil and gas industry, power
supply facilities, roads, utilities networks and other industrial and civil
construction. Major completed projects
include: - Construction of the
highway M - 53 "Baikal"; - Construction of
infrastructure and utilities, Samal Pokrovsky, Krasnoyarsk; - Tank farm at PPN
Caucasian; - NPS Voznesenka; - Pipeline OPS Purpe –
Samotlor; - The gas pipeline
"Central Gerakumy - Yylanly" (Turkmenistan); - The pipeline system
"Eastern Siberia - Pacific Ocean"; - Construction of 500 kV
Kurgan-Ishim, 500 kV Kurgan; - Right Bank Wastewater
Treatment Plant 2nd stage (Krasnoyarsk). |
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IMPORT FROM |
Europe and Far East Asian
states. |
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EXPORT
(SERVICES) TO |
Kazakhstan, Turkmenistan, Uzbekistan and India. |
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FACILITIES |
Premises comprising administrative offices located at the heading
address as well as one branch office located in Yamalo-Nenets Autonomous
Okrug, Tyumen Region. |
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BRANCH OFFICES |
Microdistrict 5/7, Gubinskiy City, Yamalo-Nenets Autonomous Okrug, Tyumen
Region. |
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RELATED
COMPANIES |
Subject is a member of Evrako Group of Companies, which also includes
the following companies: Associates 1. AO Evrakor
101000 Moscow
Russia
Telephone: +(7 495) 780 2080 Est.: 10/04/2007 Tax Code:
INN 7701716324 Sole
Shareholder: Aleksandr
Petrovich Karmanov 2. AO Evrakor-DST
101000 Moscow
Russia
Telephone: +(7 495) 780 2080 Est.: 11/03/2014 Managing Director:
Aleksandr Zharynin Tax Code:
INN 7204201822 Sole
Shareholder: AO Evrakor 3. OOO EK-Agro Vysotskogo
Street 34 625014
Tyumen Russia Managing
Director: Yuriy Vladimirovich Gorniy Est.:
06/07/2015 Tax Code:
INN 7203349216 Sole
Shareholder: AO Evrakor 4. OOO Inzhrestav
Myasnitskaya Street 46/7
101000 Moscow
Russia
Telephone: +(7 495) 780 2080 Est.:
08/08/2013 Managing
Director: Aleksandr Budyak Tax Code:
INN 7731452460 Sole Shareholder:
AO Evrakor 5. AO Krasnodarstroytransgaz
Myasnitskaya Street 46/7
101000 Moscow
Russia
Telephone: +(7 495) 780 2080 Est.:
15/04/1998 Managing
Director: Vitaliy Gorniy Tax Code:
INN 2310048310 Sole
Shareholder:
Stroytransgaz Pipeline Limited 6. OOO Karpovskoe Penzenskaya
Region Russia |
FINANCIAL
INFORMATION
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CURRENCY |
RUBLE (RUB) |
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PERIOD |
31/12/2016 |
31/12/2015 |
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CURRENT
ASSETS |
193,879,000 |
127,937,000 |
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STOCK/INVENTORIES |
174,837,000 |
87,275,000 |
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NON-CURRENT
ASSETS |
39,734,000 |
237,944,000 |
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NON-CURRENT
LIABILITIES |
370,905,000 |
684,055,000 |
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BALANCE TOTAL |
233,614,000 |
365,881,000 |
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OTHER INCOME |
1,067,170,000 |
70,109,000 |
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NET PROFIT /
LOSS |
776,011,000 |
-59,322,000 |
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NOTES |
Balance sheets as at 31 December 2016 showed :
31/12/2016 31/12/2017 (in RUBLE) ASSETS Non-current assets Intangible assets
48,000 57,000 Fixed assets
3,705,000 7,122,000 Deferred tax assets 35,981,000 230,765,000 Total non-current assets
39,734,000 237,944,000 Current assets Stock
174,837,000 87,275,000 Value added tax on purchased valuables
3,777,000 598,000 Trade receivables
12,653,000 36,479,000 Cash equivalents
2,613,000 3,585,000 Total current assets
193,879,000 127,937,000 TOTAL ASSETS
233,614,000 365,881,000 EQUITY & LIABILITIES Share capital 76,000 76,000 Retained earnings
-181,756,000 -958,210,000 Total Equity
-177,818,000 -953,828,000 Long-term Liabilities Borrowings
28,700,000 683,443,000 Deferred tax liabilities 490,000 611,000 Other liabilities
341,715,000 0 Total long-term liabilities
370,905,000 684,055,000 Short-term liabilities Borrowed funds
1,124,000 536,474,000 Accounts payable 39,194,000 98,242,000 Total Short-term Liabilities
40,527,000 635,654,000 TOTAL EQUITY & LIABILITIES
233,614,000 365,881,000 INCOME STATEMENT Revenue
18,552,000 0 Cost of Sales 541,000 0 Gross Profit
18,011,000 0 Administrative expenses
13,018,000 24,349,000 Profit(loss) from sales
4,993,000 -24,349,000 Other income and expenses Interest income
1,013,000 0 Interest payable
1,461,000 67,810,000 Other income
1,067,170,000 70,109,000 Other expenses
101,041,000 51,595,000 Profit(loss) before taxation
970,674,000 -73,645,000 Change in deferred tax assets
-194,785,000 13,511,000 Change in deferred tax liabilities
-122,000 -813,000 Net Profit(loss)
776,011,000 -59,322,000 |
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PAYMENT
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CREDIT
OPINION |
We consider it is acceptable to deal with subject
for LARGE amounts. |
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CREDIT LIMIT
RECOMMENDATION |
CURRENCY |
AMOUNT |
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RUBLE |
35,000,000 |
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FINANCIAL
STRENGTH |
Normal |
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EMPLOYEE
RANGE |
ER1 |
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SPECIAL
REMARKS
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INTERVIEWED |
Group’s
employees. |
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COMMENTS |
You enquired on:
JSC PURPETRUBOPROVODSTROY. 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.74 |
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1 |
INR 86.01 |
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Euro |
1 |
INR 76.14 |
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RUB |
1 |
INR 1.12 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
PRI |
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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.