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MIRA INFORM REPORT
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Report No. : |
485299 |
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Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
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Name : |
OOO OSTIN |
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Registered Office : |
Profsoyuznaya Street 61A, Cheremushki District, 117420, Moscow |
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Country : |
Russia |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
27.06.2005 |
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Com. Reg. No.: |
OGRN
1057747320003 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading
as manufacturers, retailers, importers and exporters of clothing items and
operators of retail network of stores that
offer mid-range men's, women's and youth clothing and accessories under the
label names O'Stin Casual, O'Stin Studio, O'Stin Woman and O'stin Man. |
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No. of Employees : |
7,000 |
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 |
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 |
SUMMARY
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COMPANY NAME
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OOO Ostin |
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ADDRESS
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Building |
Street |
Area |
PO Box |
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N/A |
Profsoyuznaya Street 61a |
Cheremushki District |
117420 Moscow |
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TEL/FAX
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Verified Phones: +(7 495) 974
7872 (Head Office) / +(7 495) 777 4999 / Fax +(7 495) 974 7872 |
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EMAIL/WEBSITE
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Email: support@ostin.com / Website: www.ostin.com |
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ACTIVITY
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NACE 4616 - Agents involved in the sale of textiles, clothing, fur,
footwear and leather goods; NACE 4642 - Wholesale of clothing and footwear. |
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PRINCIPAL
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Vasiliy
Anatolievich Frolov |
Workforce |
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Managing Director |
7,000 |
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LEGAL INFO
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Date Of Est. |
Reg. No. |
Legal Form |
Status |
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27/06/2005 |
OGRN 1057747320003 |
LLC |
Active |
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CAPITAL
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CURRENCY |
AMOUNT |
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RUBLE (RUB) |
135,464,345 |
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IDENTIFICATION
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CO. NAME
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OOO Ostin |
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TRADEMARK
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O’STIN / O'Stin Casual / O'Stin
Studio / O'Stin Woman / O'stin Man |
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ALSO KNOWN NAME (S)
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Ostin LTD |
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STREET
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Profsoyuznaya Street 61a |
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AREA
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Cheremushki District |
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POSTAL ADDRESS
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117420
Moscow |
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CITY
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Moscow |
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COUNTRY
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Russia |
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TELEPHONE
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+(7
495) 974 7872 (Head Office) / +(7 495) 777 4999 / +(7 909) 855 7701 / +(7
495) 974 7522 / +(7 495) 755 8190 |
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FAX
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+(7
495) 777 4999 |
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VERIFIED EMAIL
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support@ostin.com |
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WEBSITE
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www.ostin.com |
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BUSINESS HOURS
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DAYS |
OFFICE HOURS |
BREAK TIME |
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Mon-Fri |
09:00-17:00 |
13:00-14:00 |
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REGISTERED ADDRESS
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Profsoyuznaya Street 61a, Cheremushki
District, 117420 Moscow |
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SENIOR
PERSONNEL
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MANAGEMENT
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NAME |
POSITION |
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Vasiliy Anatolievich Frolov |
Managing Director |
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Nikolay Fartushnyak Vladimir Fartushnyak Dmitriy Doikhen Roman Gorshkov Elena Sirotinina Irina Shutkina |
Director/Founder Director/Founder Director/Founder E-Commerce Director HR Director Lead Buyer |
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WORKFORCE
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NO. OF EMPLOYEES |
PERIOD |
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7,000 |
01.2018 |
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4,626 |
01.2017 |
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FINANCIAL
SUMMARY
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REVENUE
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31/12/2016 |
31/12/2015 |
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RUBLE 35,823,090,000 |
RUBLE 31,591,678,000 |
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NET PROFIT / (LOSS)
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31/12/2016 |
31/12/2015 |
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RUBLE 4,776,206,000 |
RUBLE 3,328,759,000 |
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PROFIT BEFORE TAX
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RUBLE
6,182,475,000 as of 31/12/2016 |
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STOCK/INVENTORIES
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RUBLE 8,777,211,000 as of 31/12/2016 |
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LEGAL
STATUS
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INCORPORATION
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27/06/2005 |
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REGISTRATION NO.
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C.R. NUMBER |
ISSUED BY |
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OGRN 1057747320003 |
Federal Tax Service |
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OTHER REGISTRATION NO.
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INN
7728551510 (Tax Code) / KPP 772801001
/ OKPO 77522753 (Statistics Code) / OKTMO 45908000000 |
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AUTHORISED CAPITAL
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AMOUNT |
CURRENCY |
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135,464,345 |
RUBLE |
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PAID-UP CAPITAL
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AMOUNT |
CURRENCY |
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135,464,345 |
RUBLE |
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LEGAL FORM
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Limited
Liability Company |
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BUSINESS HISTORY
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The
company was incorporated in Moscow on 27 June 2005, however its origins can
be traced back to 2003. |
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STATUS
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Active |
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SHAREHOLDERS
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NAME |
PERCENTAGE |
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Ostin Operations Pte. Ltd. 6 Shenton Way 18-10a Oue Downtown Singapore 068809 Formerly Known As: Ostin Holding Pte. Ltd. Shareholders: Nikolay
Fartushnyak Vladimir
Fartushnyak Dmitriy
Doikhen RUSSIAN
OLIGARCH BUYS EU CITIZENSHIP FOR EXTENDED FAMILY OF NINE WITH ONE-OFF PAYMENT
TO MALTESE GOVERNMENT (press release, 12/08/2016) By paying the Maltese
government for citizenship, Russian sports-retail tycoon Nikolay Fartushnyak,
50, has bought freedom of movement in the European Union for himself, his
wife Vera, their children Vladimir, 19, Ekaterina, 14, and Andrey, 4, his
brother Vladimir, 54, his brother’s wife Nadezhda, and their sons Denis and
Philipp. Their names have been published in the Malta
Government Gazette of 2 August, along with those of all others who have
acquired citizenship – by naturalisation, marriage, parentage, ministerial
discretion or outright purchase – since the last list was published. The
government chose the deadest time of the year, when everyone is on holiday or
distracted, to publish the list after months of calls for it to do so. Nikolay Fartushnyak was born a citizen of the Soviet
Union in Krivoy Rog, Ukraine. He studied engineering in Moscow, then after
the disintegration of the USSR in 1989/1990, he started sportswear and sports
goods retail business called Sportmaster. A Russian citizen, he remained in
Moscow and did not return to Ukraine. His brother Vladimir’s last publicly registered
address is Apt. 153, Bld 2, 10 Olympiysky Prospect, Moscow. Nikolay Fartushnyak’s personal fortune is invested
through his private fund, Steenord. It is currently investing heavily in
Russian and Ukrainian farmland and agriculture. His son Vladimir was at a private boarding-school in
Switzerland, Aiglon, and left this year. |
100.00% |
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OPERATION
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BANKERS
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PAO VTB
Bank Leninskaya
Sloboda Street 26 Moscow Russia Telephone: +(7 800) 200 2326 (subject also has an account with
other local banks) |
ACTIVITY CODE (NACE)
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4616
- Agents involved in the sale of textiles, clothing, fur, footwear and
leather goods; 4642 - Wholesale of clothing and footwear. |
LINE OF BUSINESS
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Trading as manufacturers,
retailers, importers and exporters of clothing items and operators of retail network of stores
that offer mid-range men's, women's and youth clothing and accessories under
the label names O'Stin Casual, O'Stin Studio, O'Stin Woman and O'stin Man. Subject owns and operates
730 retail stores in Russia, Ukraine, Belarus and Kazakhstan. |
IMPORT FROM
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mainly
Europe and Far East Asian countries |
EXPORT TO
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Ukraine,
Belarus and Kazakhstan. |
FACILITIES
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Owned
premises comprising administrative offices located at the heading address as well
as 730 retail stores located throughout Russia, Ukraine, Belarus
and Kazakhstan. |
BRANCH OFFICES
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Main
Stores in Moscow: 1.
Khalynskiy Boulevard 7/11 Moscow Telephone: +(7 495) 705 1949 2.
Vernadskogo Avenue 86A Moscow Telephone: +(7 495) 419 5104 3.
Kirovogradskaya Street 13A Moscow Telephone: +(7 495) 405 5029 4.
Dmitrovskoe Highway 89 Moscow Telephone: +(7 495) 788 5982 5.
Izmaylovskoe Highway 71A Moscow Telephone: +(7 495) 987 3503 6. Khodynskiy
Blvrd 4 Moscow
Telephone: +(7 495) 782 3464 7.
Tushinskaya Street 16 Moscow
Telephone: +(7 495) 553 8379 8.
Azovskaya Street 24 Moscow
Telephone: +(7 495) 735 4325 9.
Prishvina Street 22 Moscow Telephone:
+(7 495) 727 4138 10.Pererva
Street 43 Moscow
Telephone: +(7 495) 543 9470 |
RELATED COMPANIES
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Associates
1. OOO
Sportmaster-Logistic Novomiletskoe Street, Building 2 Moscow Region 143912 Managing Director: Georgiy Levin Est.: 04/12/2012 Tax Code: INN 5001091480 Shareholders: OOO Sportmaster – 99% OOO Ostin – 1% 2. OOO
Sportmaster Mikluha-Maklaya Street 18/2 Moscow 117437 Managing
Director: Leonid Strakhov Tax Code:
INN 7728551528
Shareholder:
Sportmaster Operations Pte. Ltd – 100% Singapore
3. OOO Bazis Melitopolskaya Street 2/21 Moscow 117623 Managing
Director: Sergey Agibalov Est.:
30/10/2002 Tax Code:
INN 7727229332
Shareholders: OOO Sportmaster – 99.99% OOO Morion – 0.01% |
FINANCIAL
INFORMATION
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CURRENCY
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RUBLE (RUB) |
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PERIOD
|
31/12/2016 |
31/12/2015 |
CURRENT ASSETS
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10,686,902,000 |
14,097,647,000 |
STOCK/INVENTORIES
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8,777,211,000 |
8,852,302,000 |
NON-CURRENT ASSETS
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549,881,000 |
673,987,000 |
CURRENT LIABILITIES
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4,760,979,000 |
3,779,341,000 |
EQUITY
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6,475,804,000 |
10,010,430,000 |
BALANCE TOTAL
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11,236,783,000 |
14,771,634,000 |
REVENUE
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35,823,090,000 |
31,591,678,000 |
NET PROFIT / LOSS
|
4,776,206,000 |
3,328,759,000 |
NOTES
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Balance sheets as at 31 December 2016 showed :
31/12/2016 31/12/2017 (in RUBLE) ASSETS Non-current assets Intangible assets
89,866,000 99,347,000 Fixed assets
456,164,000 563,951,000 Financial investments 75,00 75,000 Other non-current Assets
3,776,000 10,614,000 Total non-current assets 549,881,000 673,987,000 Current assets Stock
8,777,211,000 8,852,302,000 Value added tax on purchased valuables 22,668,000 38,377,000 Trade receivables
1,596,371,000 1,247,110,000 Cash equivalents
290,650,000 3,959,830,000 Other current assets 2,000 28,000 Total current assets
10,686,902,000 14,097,647,000 TOTAL ASSETS
11,236,783,000 14,771,634,000 EQUITY & LIABILITIES Share capital
135,464,000 135,464,000 Added capital
27,000 154,000 Retained earnings
6,340,312,000 9,886,741,000 Total Equity
6,475,804,000 10,010,430,000 Long-term Liabilities Borrowings 0 981,863,000 Total long-term liabilities 0 981,863,000 Short-term liabilities Borrowed funds
1,944,143,000 251,971,000 Accounts payable 2,816,782,000 3,527,371,000 Deferred income 55,000 0 Total Short-term Liabilities
4,760,979,000 3,779,341,000 TOTAL EQUITY & LIABILITIES 11,236,783,000 14,771,634,000 INCOME STATEMENT Revenue
35,823,090,000 31,591,678,000 Cost of Sales
15,920,225,000 13,810,164,000 Gross Profit
19,902,865,000 17,781,514,000 Commercial expenses
13,239,876,000 12,639,269,000 Profit(loss) from sales
6,662,989,000 5,142,245,000 Other income and expenses Interest income
133,084,000 197,496,000 Interest payable
61,139,000 201,298,000 Other income
2,301,372,000 3,195,565,000 Other expenses
2,853,831,000 3,948,397,000 Profit(loss) before taxation
6,182,475,000 4,385,611,000 Current income tax
1,236,422,000 877,171,000 Net
Profit(loss) 4,776,206,000
3,328,759,000 |
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PAYMENT
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CREDIT OPINION
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We consider it is acceptable to deal
with subject for LARGE amounts. |
FINANCIAL STRENGTH
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Fairly Low
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EMPLOYEE RANGE
|
ER1 |
SPECIAL
REMARKS
|
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INTERVIEWED
|
Elena
Sirotinina (HR Director). |
COMMENTS
|
You enquired on: OSTIN 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.53 |
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|
1 |
INR 86.05 |
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Euro |
1 |
INR 76.53 |
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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 : |
SYL |
RATING EXPLANATIONS
|
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.