|
|
|
MIRA INFORM REPORT
|
Report No. : |
511754 |
|
Report Date : |
01.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
OOO IZOLA |
|
|
|
|
Registered Office : |
Sedova Street 12, Liter A, Room 116 Nevskiy
District 192019 Saint Petersburg |
|
|
|
|
Country : |
Russia |
|
|
|
|
Financials (as on) : |
31.12.2017 (Approximately) (Summarized) |
|
|
|
|
Date of Incorporation : |
01.10.2009 |
|
|
|
|
Com. Reg. No.: |
OGRN
1097847268045 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Trading as importers, wholesalers and suppliers of fresh-frozen fish
and seafood including salmon, trout, mackerel, herring, hake, oilfish,
pollock, blue whiting, notothenia, capelin, pangasius, silver smelt, shrimps,
squid and mussels. |
|
|
|
|
No. of Employees : |
25 (05.2018) |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 |
Company name and address
|
COMPANY NAME |
OOO IZOLA |
|||||||
|
|
||||||||
|
ADDRESS |
Building |
Street |
Area |
PO Box |
||||
|
N/A |
Sedova Street 12, Liter A, Room 116 |
Nevskiy District |
192019 Saint Petersburg |
|||||
|
TEL/FAX
|
Verified Phones: (+7 812) 648 1737 / Fax: (+7 812) 648 1737 |
|||||||
|
EMAIL/WEBSITE |
Email: buh@izola.me / info@ostrovfish.ru /
Website: www.ostrovfish.ru (subject’s affiliate) |
|||||||
|
ACTIVITY |
NACE 4638 - Wholesale of other food,
including fish, crustaceans and molluscs; |
|||||||
|
PRINCIPAL
|
Natalya Yurievna Bilyaletdinova |
Workforce
|
||||||
|
Managing Director |
25 |
|||||||
|
LEGAL INFO
|
Date Of Est. |
Reg. No. |
Legal Form |
Status |
||||
|
01/10/2009 |
OGRN 1097847268045 |
LLC |
Active |
|||||
|
CAPITAL |
CURRENCY |
AMOUNT |
||||||
|
RUBLE (RUB) |
15,000,000 |
|||||||
IDENTIFICATION
|
|||
|
CO.
NAME |
OOO IZOLA |
||
|
ENQUIRED
NAME |
ISOLA
CO. LTD |
||
|
ALSO
KNOWN NAME (S) |
LLC IZOLA / ISOLA CO.
LTD
|
||
|
STREET
|
Sedova
Street 12, Liter A, Room 116 |
||
|
AREA
|
Nevskiy
District |
||
|
POSTAL
ADDRESS |
192019
Saint Petersburg |
||
|
CITY
|
Saint
Petersburg |
||
|
COUNTRY
|
Russia |
||
|
TELEPHONE
|
(+7 812) 648 1737 / (+7 495) 374 7900 (Moscow
Office) |
||
|
FAX
|
(+7 812) 648 1737 |
||
|
VERIFIED
EMAIL |
buh@izola.me
/ info@ostrovfish.ru /
el@ostrovfish.ru |
||
|
WEBSITE
|
www.ostrovfish.ru
(subject’s affiliate) |
||
|
BUSINESS
HOURS |
DAYS |
OFFICE
HOURS |
BREAK
TIME |
|
Mon-Fri |
09:00-18:00 |
13:00-14:00 |
|
|
REGISTERED
ADDRESS |
Sedova
Street 12, Liter A, Room 116, 192019 Saint Petersburg, Russia. |
||
|
ADDITIONAL
OFFICE |
Sverdlovskaya nab. 44, Liter Yu, Office 701, Saint
Petersburg 195027, Russia. |
||
SENIOR
PERSONNEL
|
||
|
MANAGEMENT
|
NAME |
POSITION
|
|
Natalya Yurievna
Bilyaletdinova Nationality: Russian Tax Code: INN 780218131650 |
Managing
Director |
|
|
Ekaterina
Vladimirovna Lashkaeva
Svetlana
Valerievna |
Head
of Purchasing Department Chief
Accountant |
|
|
WORKFORCE
|
NO.
OF EMPLOYEES |
PERIOD
|
|
25 |
05.2018
|
|
FINANCIAL
SUMMARY
|
||
|
REVENUE |
31/12/2017
(approx) |
31/12/2016 |
|
RUBLE
6,000,000,000 |
RUBLE
6,097,769,000 |
|
|
NET
PROFIT / (LOSS) |
31/12/2016
|
31/12/2015 |
|
RUBLE 167,824,000 |
RUBLE 110,095,000 |
|
|
PROFIT
BEFORE TAX |
RUBLE 209,850,000 as of 31/12/2016 |
|
|
STOCK/INVENTORIES |
RUBLE 487,379,000 as of 31/12/2016 |
|
|
FISCAL
YEAR-END |
31 December.
|
|
LEGAL
STATUS
|
||
|
INCORPORATION |
01/10/2009 |
|
|
REGISTRATION
NO. |
C.R.
NUMBER |
ISSUED
BY |
|
OGRN
1097847268045 |
Federal
Tax Service |
|
|
OTHER
REGISTRATION NO. |
INN 7811445525 (Tax Code) / KPP 781101001 / OKPO 62972363
(Statistics Code) / OKTMO 40378000000 |
|
|
AUTHORISED
CAPITAL |
AMOUNT |
CURRENCY |
|
15,000,000 |
RUBLE |
|
|
PAID-UP
CAPITAL |
AMOUNT |
CURRENCY |
|
15,000,000 |
RUBLE |
|
|
BUSINESS
HISTORY |
The Company was incorporated in Russia on 1
October 2009, however its origins of business activities can be traced back
to 2004. |
|
|
LEGAL
FORM |
Limited Liability Company |
|
|
STATUS
|
Active |
|
|
SHAREHOLDERS |
NAME |
PERCENTAGE |
|
1. Danila Sergeevich Dyudnev
Nationality: Russian Tax Code:
INN 781621599967 2. Vladimir Aleksandrovich Zhadnov
Nationality: Russian Tax Code:
INN 780616824943 |
50.00% 50.00% |
|
OPERATION
|
|
|
BANKERS |
1.
AO Raiffeisenbank Severnaya Stolitsa Branch Nab. Reki Moyki 36 Saint Petersburg Russia Telephone: (+7 812) 334 4343 SWIFT: RZBMRUMM 2.
PJSC ROSBANK Griboedova naberezhnaya 13 Saint Petersburg 191186 Russia Telephone: (+7 495) 789 8877 SWIFT: RSBNRUMM 3.
PAO Sberbank Vavilova
Street 19 117997 Moscow Russia Telephone: (+7 495) 957 5731 Fax
: (+7 495) 747 4758 |
|
ACTIVITY
CODE (NACE) |
4638
- Wholesale of other food, including fish, crustaceans and molluscs; |
|
LINE
OF BUSINESS |
Trading as importers, wholesalers and suppliers of
fresh-frozen fish and seafood including salmon, trout, mackerel, herring, hake,
oilfish, pollock, blue whiting, notothenia, capelin, pangasius, silver smelt,
shrimps, squid and mussels. |
|
IMPORT
FROM |
Worldwide, mainly from China, Vietnam, Chile,
India, Indonesia, Finland, Iceland, Faroe Islands, Ecuador and South Korea. |
|
EXPORT
TO |
Subject does not engage in exporting activities. |
|
TRADE
REFERENCES |
1. Shandong Dahua Fruit & Vegetable
Co., Ltd. South Of
Dongtuwu Village Yangli Town Laicheng
District, Laiwu City, Shandong
China 2. FAQUIMEX Co. 71
National Road 60. Chan Thanh Townlet, chau Thanh
Districh Ben Tre Pravince Vietnam 3. Empresas Aquachile S.A. Cardonal
S/N Lote B, Puerto Montt Chile 4. Pt. Tuna Permata Rejeki Jl. Muara
Baru Ujung Transit 20, North Jakarta Indonesia
5. Salmones Andes S.A. Puerto
Fernбndez S/N, Quemchi Chile 6. Saariston Jaadyttamo Oy
Jaadyttamontie 80, 23360 Kustavi Finland 7. Rizhao Huili Aquatic Products Co ., Ltd South
Chengdu Road Rizhao Development Zone
Shandong
Province China 8. Procesadora Aguas Claras Ltda. Camino a
Caicaen S/N, Calbuco Chile 9. Pesquera del Mar Antбrtico S.A. Bima 338,
Puerto Montt Chile 10.Sea Garden S.A. Sector La
Laja, Parcela 26, Puerto Varas Chile 11.Rizhao Huili Aquatic Products Co ., Ltd South
Chengdu Road Rizhao Development Zone
Shandong
Province China 12.Dalian Jinxiang Food Co., Ltd. Jinchang
Village Landian Town, Zhuanghe
Dalian China 13.Pesquera Torres del Paine Ltda Km. 8
norte s/n, Punta Arenas/ Magallanes Chile 14.Shangyu Yongjia Food Co., Ltd East
Industrial Resettlement Area, Baiguan Street,
Shangyu District, Shaoxing, Zhejiang China 15.Longhai Gelin Seafoods Co., Ltd. Gangwei
Town, Longhai City Fujian China 16.VARIN PELAGIC Faroe
Islands 17.Time Seafood (Dalian) Co., Ltd. Room
1706, No. 572 Zhongshan Road, Dalian China 18.Granja Marina Tornagaleones S.A. Camino San
Antonio Rural, Quellon Chile 19.Polar Amaroq, Polar Pelagic A/S Postboks
1616, 3900 Nuuk Greenland
20.PACFISH S.A.
Mapasingue Oeste Ave. 1ra. #125 y Calle Primera
Guayaquil – Ecuador Ecuador 21.Lansi-Rannikon Kala Oy Kalarannantie
175, 23310 Taivassalo Finland 22.Tong Young Fisheries Co., Ltd. #763-20,
Gamchun-Dong, Saha-Gu, Busan South
Korea 23.ORIZON S.A. Camino a
Chinquihue Km 12.5, Puerto Montt Chile 24.KRISTINA EA 410.
Glerargata 30 600 Akureyri Iceland |
|
FACILITIES
|
Leased premises comprising administrative offices
located at the heading address as well as one branch office located in Moscow
(see “Branch Offices” below). |
|
BRANCH
OFFICES |
Vereyskaya Street 29, Room 33, Office D313 121357 Moscow Telephone: (+7 495) 374 7900 Email: info@ostrovfish.ru |
|
RELATED
COMPANIES |
Associates 1. OOO OSTROV
Degtyareva Street 4, Liter A, Room 296 Saint
Petersburg 195248 Russia Est.:
25/12/2001 C.R. No.:
1027808918917 Tax Code:
INN 7819025427
Shareholders: Vladimir
Aleksandrovich Zhadnov – 50% Danila
Sergeevich Dyudnev – 50% 2. OOO OSTROV AKVAKULTURA
Ostrovskogo Street 58 Ardonskiy
District Alania
363330 Russia Est.:
28/11/2017 C.R. No.:
1171513006301 Tax Code:
INN 1514015374
Shareholders: Vladimir
Aleksandrovich Zhadnov – 50% Danila
Sergeevich Dyudnev – 50% 3. OOO FISHISLAND
Bukharestskaya Street 1, Liter A Saint
Petersburg 192102
Russia Est.:
23/06/2014 C.R. No.:
1147847215724 Tax Code:
INN 7816589577
Shareholders: Danila
Sergeevich Dyudnev – 70% Aleksandr
Aleksandrovich Zhadnov – 30% |
FINANCIAL
INFORMATION
|
||
|
CURRENCY
|
RUBLE |
|
|
PERIOD
|
31/12/2016 |
31/12/2015 |
|
CURRENT ASSETS |
1,025,823,000 |
557,243,000 |
|
STOCK/INVENTORIES |
487,379,000
|
402,734,000 |
|
NON-CURRENT ASSETS |
0
|
0 |
|
CURRENT LIABILITIES |
701,563,000 |
400,808,000 |
|
NON-CURRENT LIABILITIES |
0 |
0 |
|
EQUITY |
324,259,000 |
156,435,000 |
|
BALANCE TOTAL |
1,025,823,000 |
557,243,000 |
|
REVENUE |
6,097,769,000 |
4,890,203,000 |
|
NET PROFIT / LOSS |
167,824,000
|
110,095,000 |
|
NOTES |
Balance sheets as at 31 December 2016 showed : 31/12/2016 31/12/2015 (in RUBLE) ASSETS Total non-current assets 0 0 Current assets Stock 487,379,000 402,734,000 Value added tax on purchased valuables 0 4,053,000 Trade receivables 537,150,000 149,122,000 Cash equivalents 843,000 1,198,000 Other current assets 450,000 136,000 Total current assets 1,025,823,000 557,243,000 TOTAL ASSETS 1,025,823,000 557,243,000 EQUITY & LIABILITIES Share capital 15,000,000 15,000,000 Retained earnings 309,259,000 141,435,000 Total Equity 324,259,000 156,435,000 Total long-term liabilities 0 0 Short-term Liabilities Accounts payable 701,563,000 400,808,000 Total Short-term Liabilities 701,563,000 400,808,000 TOTAL EQUITY & LIABILITIES 1,025,823,000 557,243,000 INCOME STATEMENT Revenue 6,097,769,000 4,890,203,000 Cost of Sales (5,824,187,000) (4,659,008,000) Gross Profit 273,582,000 231,195,000 Commercial expenses (117,103,000) (94,071,000) Profit(loss) from sales 156,479,000 137,124,000 Other income and expenses Interest income 0 263,000 Interest payable 0 (1,393,000) Other income 88,370,000 156,338,000 Other expenses (34,999,000) (154,550,000) Profit(loss) before taxation 209,850,000 137,782,000 Current income tax (42,021,000) (27,686,000) Net Profit(loss) 167,824,000 110,095,000 |
|
SPECIAL
REMARKS
|
|
|
INTERVIEWED |
Svetlana
Valerievna (Chief Accountant). |
|
COMMENTS |
The
name which you provided: ISOLA CO. LTD applies to subject’s also known as
name only. Please note that subject’s correct registered name is as per
heading. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.45 |
|
|
1 |
INR 89.79 |
|
Euro |
1 |
INR 78.79 |
|
RUB |
1 |
INR 1.08 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
POJ |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.