|
|
|
MIRA INFORM REPORT
|
Report No. : |
495540 |
|
Report Date : |
06.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
OOO GAZPROMNEFT-SM |
|
|
|
|
Registered Office : |
Krzhyzanovskogo Street 14, Block 3, Office 40,
117218 Moscow |
|
|
|
|
Country : |
Russia |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
26.11.2007 |
|
|
|
|
Com. Reg. No.: |
OGRN
1077762940331 |
|
|
|
|
Legal Form : |
Limited
Liability Company |
|
|
|
|
Line of Business : |
· Manufacture of refined petroleum products · Manufacture of other chemical products n.e.c.; · Warehousing and storage; |
|
|
|
|
No. of Employees : |
827 [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 : |
Satisfactory |
|
|
|
|
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 |
SUMMARY
|
|
|||||||
COMPANY NAME
|
OOO GAZPROMNEFT-SM
|
|||||||
|
|
||||||||
ADDRESS
|
Building |
Street |
Area |
PO Box |
||||
|
N/A |
Krzhyzanovskogo Street 14, Block 3,
Office 40 |
Akademicheskiy District |
117218 Moscow |
|||||
TEL/FAX
|
Verified Phones: (+7 495) 642
9969 / Fax: (+7 495) 921 4863 |
|||||||
EMAIL/WEBSITE
|
Email: gazpromneft-cm@gazprom-neft.ru / / Website:
www.gazpromneft-oil.ru |
|||||||
ACTIVITY
|
NACE 1920 - Manufacture of refined petroleum products; NACE 2059 -
Manufacture of other chemical products n.e.c.; NACE 5210 - Warehousing and
storage; |
|||||||
PRINCIPAL
|
Aleksandr
Mikhailovich Trukhan |
Workforce |
||||||
|
Managing Director
|
827 |
|||||||
LEGAL INFO
|
Date Of Est. |
Reg. No. |
Legal Form |
Status |
||||
|
26/11/2007 |
OGRN 1077762940331 |
Limited Liability Company |
Active |
|||||
CAPITAL
|
CURRENCY |
AMOUNT |
||||||
|
RUBLE (RUB) |
1,000,000 |
|||||||
IDENTIFICATION
|
|||
CO. NAME
|
OOO GAZPROMNEFT-SM |
||
TRADEMARK
|
PVL / G-Energy / CVL / G-Profi / IND
/ GAZPROMNEFT / |
||
ALSO KNOWN NAME (S)
|
GAZPROMNEFT LUBRICANTS LTD / OOO Gazpromneft-Smazochnye
Materialy |
||
STREET
|
Krzhyzanovskogo Street 14, Block 3,
Office 40 |
||
AREA
|
Akademicheskiy District |
||
POSTAL ADDRESS
|
117218
Moscow |
||
CITY
|
Moscow |
||
COUNTRY
|
Russia |
||
TELEPHONE
|
(+7 495) 642 9969
/ (+7 495) 555 5555 |
||
FAX
|
(+7
495) 921 4863 |
||
VERIFIED EMAIL
|
gazpromneft-cm@gazprom-neft.ru
/ matveeva.ae@gazprom-neft.ru /
pr_sm@gazpromneft.ru |
||
WEBSITE
|
www.gazpromneft-oil.ru |
||
BUSINESS HOURS
|
DAYS |
OFFICE HOURS |
BREAK TIME |
|
Mon-Fri |
09:00-18:00 |
13:00-14:00 |
|
REGISTERED ADDRESS
|
Krzhyzanovskogo Street
14, Block 3, Office 40, 117218 Moscow,
Russia |
||
SENIOR
PERSONNEL
|
||
MANAGEMENT
|
NAME |
POSITION |
|
Aleksandr Mikhailovich Trukhan Nationality: Russian Tax Code: INN 772504223483 |
Managing Director |
|
|
Dmitry Vyacheslavovich Ksyunin Ilya Kholodnov Anna Evgenievna Matveeva Tatyana Vyacheslavovna
Trofimova |
Head of International Business
Development Department Head of International Marketing HR Director Corporate Secretary |
|
WORKFORCE
|
NO. OF EMPLOYEES |
PERIOD |
|
827 |
01.2018 |
|
|
462,400
(Gazprom Group) |
01.2016 |
|
FINANCIAL
SUMMARY
|
||
REVENUE
|
31/12/2016 |
31/12/2015 |
|
RUBLE 27,607,011,000 |
RUBLE 24,778,561,000 |
|
NET PROFIT / (LOSS)
|
31/12/2016 |
31/12/2015 |
|
RUBLE 2,677,381,000 |
RUBLE 2,939,038,000 |
|
PROFIT BEFORE TAX
|
RUBLE
2,936,506,000 as of 31/12/2016 |
|
STOCK/INVENTORIES
|
RUBLE 4,569,847,000 as of 31/12/2016 |
|
LEGAL
STATUS
|
||
INCORPORATION
|
26/11/2007
|
|
REGISTRATION NO.
|
C.R. NUMBER |
ISSUED BY |
|
OGRN 1077762940331 |
Federal Tax Service |
|
OTHER REGISTRATION NO.
|
INN
7728640182 (Tax Code) / KPP 772701001
/ OKPO 84035624 (Statistics Code) / OKTMO 45397000000 |
|
AUTHORISED CAPITAL
|
AMOUNT |
CURRENCY |
|
1,000,000 |
RUBLE |
|
PAID-UP CAPITAL
|
AMOUNT |
CURRENCY |
|
1,000,000 |
RUBLE |
|
LEGAL FORM
|
Limited Liability Company |
|
BUSINESS HISTORY
|
The
Company was incorporated in Russia on 26 November 2007 as a Limited Liability
Company. |
|
STATUS
|
Active |
|
SHAREHOLDERS
|
NAME |
PERCENTAGE |
|
PAO
GAZPROM NEFT Pochtamtskaya
Street 3-5 Saint
Petersburg 190000 Russia Tel: (+7
812) 363 3152 Fax: (+7
812) 363 3151 Email:
info@gazprom-neft.ru Est.:
06/10/1995 C.R. No.:
OGRN 1025501701686 Tax Code:
INN 5504036333 Chairman:
Aleksandr Dyukov Gazprom
Neft (frmly Sibneft) is the fourth largest oil producer in Russia and ranked
third according to refining throughput. It is a subsidiary of Gazprom, which
owns about 96% of its shares. The company is registered and headquartered in
St. Petersburg after central offices were relocated from Moscow in 2011. Gazprom
Neft was created under the name Sibneft in 1995 by the transfer of state
owned shares in Noyabrskneftegas (production unit), the Omsk Refinery
(Russia's largest oil refining complex), Noyabrskneftegasgeophysica
(exploration) and Omsknefteprodukt (oil products distribution network) from
Rosneft. In 1996 and 1997, Sibneft was privatised through a series of
loans-for-shares auctions. Roman Abramovich and Boris Berezovsky acquired the
company for US$100 million, after bidding through several front companies
that had been set up for this specific purpose. Initially controlled by
Berezovsky, Sibneft later came under the control of Abramovich. In September
2005, Gazprom bought 75.7% of Sibneft's shares from Millhouse Capital (Roman
Abramovich’s investment vehicle) for US$13.1 billion in Russia's largest
corporate takeover. In May 2006, Sibneft was renamed Gazprom Neft. Ultimate
parent company: PAO
GAZPROM 16
Nametkina St., Moscow,
GSP-7, 117997 Russian
Federation Tel: (+7
495) 719 3001 Fax: (+7 495)
719 8333 Email:
gazprom@gazprom.ru Gazprom is
a large Russian company founded in 1989, which carries on the business of
extraction, production, transport, and sale of natural gas. The company is
majority owned by the Government of Russia, though technically private. Its
name is a portmanteau of the Russian words Gazovaya Promyshlennost. The
headquarters of Gazprom are in Moscow. Gazprom was created in 1989 when the
Soviet Ministry of Gas Industry was converted to a corporation, retaining all
of its assets. Gazprom is involved in the Russian Government's diplomatic
efforts, setting of gas prices, and access to pipelines. Gazprom's
production fields are located around the Gulf of Ob in Western Siberia. Plans
have also been made to mine the Yamal Peninsula. Gazprom's gas transport
system includes 158,200 kilometres of gas trunk lines. Projects include Nord
Stream and South Stream. In 2011, Gazprom produced about 513.2 billion cubic
metres (18.12 trillion cubic feet) of natural gas, more than seventeen
percent of global gas production. Gazprom also produced about 32.3 million
tons of crude oil and nearly 12.1 million tons of gas condensate. The company
has subsidiaries in industrial sectors including finance, media and aviation,
and majority stakes in other companies. |
100.00% |
|
OPERATION
|
|
BANKERS
|
1. PAO
Sberbank Vavilova Street 19 117997 Moscow Russia Telephone: +(7 495) 957 5731
Fax : +(7 495) 747
4758 2. PAO
VTB Bank Leninskaya Sloboda Street 26 Moscow Russia
Telephone: +(7 800) 200 2326 3. AO
Gazprombank Nametkina Street 16, Block 1 Moscow 117420 Russia
Tel: (+7 495) 913 7474 SWIFT: GAZPRUMM BIK: 044525823 |
AUDITORS
|
AO
PricewaterhouseCoopers Audit White
Square Business Centre 10
Butyrsky Val Moscow,
125047 Russia Telephone: (+7 495) 967 6000 |
ACTIVITY CODE (NACE)
|
1920 - Manufacture of refined petroleum
products; 2059 - Manufacture of other chemical products n.e.c.; 5210 -
Warehousing and storage; |
LINE OF BUSINESS
|
Produces and markets motor oils. Subject offers passenger vehicle lubricants that
include: - gasoline and diesel engine oils for cars, vans,
and light trucks; - gear oils for manual and automatic transmissions
of cars, vans, and light trucks; - and oils for two-stroke gasoline engines. The company also offers commercial vehicle
lubricants, including: - diesel oils for heavy-duty trucks, and road and
off-road equipment; - gear oils for the manual and automatic
transmissions of heavy trucks and other mobile equipment; - and hydraulic oils. In addition, it offers industrial lubricants for the
lubrication of industrial equipment, such as hydraulics, gears, presses,
rolling mills, and others; marine lubricants, including hydraulic, compressor
turbine, and cooling liquids, as well as special lubricants for marine and
river transport; and greases and specialty fluids. Subject offers approximately 400
types of oil, sold under the Gazpromneft and G-Energy brands and Texaco
marine oils, which the company produces under licence from Chevron. |
IMPORT FROM
|
Europe,
China, South Korea, and Germany. |
EXPORT TO
|
CIS
countries, Kazakhstan, Belarus, Ukraine, Europe, Italy, Thailand, Iran, Peru,
Senegal, South Africa, Baltic Countries and Serbia. |
FACILITIES
|
Owned premises
comprising administrative offices located at the heading address as well as 5
manufacturing units located in Russia, Italy and Serbia. |
RELATED COMPANIES
|
Subsidiaries
1. OOO
Polyefir Russia 2. OOO
BSV-Chim Russia 3. Gazpromneft
Lubricants Ukraine Ltd. 15-V, Borisoglebskaya Street, Kiev, 04070 Ukraine Tel: (+38 044) 225 0330 Fax: (+38 044) 225 0331 4.
Gazpromneft Lubricants Italia S.p.A 13 Via Francesco Benaglia, 00153 Rome, Italy Tel: (+39 06) 583 151 Fax: (+39 06) 583 151 ext. 221 E-mail: sales@gazprom-neft.it Subsidiaries of PAO GAZPROM NEFT: 1. AO Gazpromneft-NNG Russia 2. OOO
Gazpromneft-Orenburg Russia 3. OOO Zapolyarneft Russia 4. OOO Gazpromneft Shelf Russia 5. OOO
Gazpromneft-Khantos Russia 6. OOO Gazpromneft-Vostok Russia 7. OOO Gazpromneft-Yamal Russia 8. AO Yuzhuralneftegaz Russia 9. AO Gazpromneft-ONPZ Russia 10.AO Gazpromneft-MNPZ Russia 11.OOO Gazpromneft-Tsentr Russia 12.OOO
Gazpromneft-Regionalnye Prodazhi Russia 13.AO Gazpromneft-Aero Russia 14.OOO Gazpromneft Marin
Bunker Russia 15.OOO
Gazpromneft-Korporativnye Prodazhi Russia 16.OOO
Gazpromneft-Bitumnye Materialy Russia 17.OOO Gazpromneft-NTC Russia 18.OOO GPN-Finance Russia 19.OOO GPN-Invest Russia 20.OOO Gazpromneft
Shipping Russia 21.Naftna industrija Srbije A.D. Serbia Associates
of PAO GAZPROM NEFT: 1.
Gazpromneft–Noyabrskneftegaz OJSC 2. Meretoyakhaneftegaz
LLC 3.
Gazpromneft-Angara LLC 4.
Gazpromneft-Sakhalin LLC 5. GPNO
LLC 6.
Yugra-INTEK LLC 7.
Gazpromneft-Zapolyarye LLC 8.
Gazpromneft-Development LLC 9.
Khanty-Mansi Oil and Gas Union (JV) 10.Slavneft
OGC (JV) OJSC 11.Tomskneft
VNK (JV) OJSC 12.SeverEnergia
(JV) LLC 13.Messoyakhaneftegaz
(JV) LLC 14.Arcticgas
(JV) OJSC 15.Salym
Petroleum Development N.V. (JV) 16.Gazprom
Neft Badra B.V. 17.Gazprom
Neft Middle East B.V 18.Gazpromneft-NNGGF
OJSC 19.Gazpromneft-Nefteservice
LLC 20.NoyabrskNefteGazAvtomatika
LLC 21.Noyabrskteploneft
LLC 22.Noyabrskenergoneft
LLC 23.Noyabrskneftenazsvyaz
LLC 24.Gazpromneft
– Energoservice LLC 25.Neftekhimremont
LLC 26.RMZ
Gazpromneft-Omsk Oil Refinery LLC 27.Avtomatika-Service
LLC 28.Gazpromneft
– Moscow Oil Refinery JSC 29.Gazpromneft
– Omsk Oil Refinery JSC 30.Slavneft-YANOS
(JV) OJSC 31.Gazprom
Neft Trading Gmbh 32.Munay-Myrza
CJSC 33.Gazprom
Neft Asia LLC 34.Gazpromneft-Tyumen
PJSC 35.Gazpromneft-Krasnoyarsk
LLC 36.Gazpromneft-Ural
OJSC 37.Gazpromneft-North-West
JSC 38.Gazpromneft-Yaroslavl
OJSC 39.Gazpromneft-Transport
JSC 40.Gazpromneft-Novosibirsk
JSC 41.Gazpromneft-Belnefteprodukt
LLC 42.Gazpromneft-Tajikistan
LLC 43.Gazpromneft-Kazakhstan
LPP 44.Alliance-Oil-Asia
LLC 45.Gazpromneft-Mobile
Map JSC 46.Mosnefteprodukt
LLC 47.Gazpromneft-MNGK
JSC 48.Gazpromneft-Regional
Sales LLC 49.Gazpromneft-Alternative
Fuel JSC 50.Gazpromneft-Terminal
JSC 51.Universal-Oil
CJSC 52.Gazpromneft-Omsk
(NB) LLC 53.Gazpromneft
Moscow Lubricants Plant JSC 54.Gazprom
Neft Lubricants Italia S.p.A. 55.Gazpromneft
Lubricants Ukraine LLC 56.Gazpromneft
– Bitumen Materials LLC 57.Gazpromneft
– Catalytic Systems LLC 58.GPN-RZBM
LLC 59.NOVA-BRIT
LLC 60.Polyefir
LLC 61.BSV-KHIM
LLC 62.Sokhimtekh
LLC 63.Sibgazpolymer
JSC (JV) 64.Gazpromneft-Bitumen
Kazakhstan LLP 65.Gazpromneft-Aero
CJSC 66.Gazpromneft-Aero
Murmansk LLC 67.Gazpromneft-Aero
Kemerovo LLC 68.Gazpromneft-Aero
Sheremetyevo LLC 69.North-West
Refuelling Complex (JV) LLC 70.Sovex
(JV) CJSC 71.Gazpromneft-Aero
Astana (JV) LLP 72.Gazpromneft-Aero
Dushanbe (JV) LLC 73.Gazpromneft-Aero
Tomsk (JV) LLC 74.Gazpromneft-Aero
Bryansk LLC 75.Gazpromneft-Aero
Kyrgyzstan (JV) LLC 76.Yenisey
Refuelling Complex (JV) LLC 77.Gazpromneft-Aero
Chita LLC 78.Aero
TO LLC 79.Gazpromneft-Aero
Novosibirsk CHSC (JV) 80.Slavnet-Tunoshna
LLC (JV) 81.TZK
Omsk (Central) LLC (JV) 82.Lakhta
Centre MFC JSC 83.Gazpromneftfinance
LLC 84.Gazpromneftenergo
LLC 85.Gazpromneft-FS
LLC 86.Gazpromneft
RDC LLC 87.Gazpromneft
Invest LLC 88.Gazpromneft
Business Service LLC 89.Galernaya
5 Complex LLC 90.Gazpromneft-Logistics
LLC 91.ITSC
LLC 92.Gazpromneft-Supply
LLC 93.Blagovest
Publishing House OJSC 94.Gazprom
Neft International S.A. 95.Gazprom
Neft Finance B.V. 96.Gazprom
Neft Projects B.V. 97.Gazprom
Neft Downstream B.V. 98.Gazprom
Neft Business Service B.V. 99.Gazprom
Neft North Africa B.V. 100.TK-BA
(JV) LLC 101.National
Oil Consortium (JV) LLC 102.Gazpromneft
Marine Bunker LLC 103.Gazpromneft
Terminal SPb LLC 104.GAZPROMNEFT
MARINE BUNKER BALKAN S.A. 105.AS
Baltic Marine Bunker 106.Novorossiysk
Oil Transhipment Complex LLC 107.Novorosnefteservice
LLC |
FINANCIAL
INFORMATION
|
||
CURRENCY
|
RUBLE |
|
PERIOD
|
31/12/2016 |
31/12/2015 |
CURRENT ASSETS
|
10,423,098,000 |
8,817,854,000 |
STOCK/INVENTORIES
|
4,569,847,000 |
3,638,603,000 |
NON-CURRENT ASSETS
|
9,939,937,000 |
7,909,389,000 |
CURRENT LIABILITIES
|
3,812,485,000 |
2,235,954,000 |
NON-CURRENT LIABILITIES
|
8,604,539,000 |
8,487,900,000 |
EQUITY
|
7,946,011,000 |
6,003,389,000 |
BALANCE TOTAL
|
20,363,035,000 |
16,727,243,000
|
REVENUE
|
27,607,011,000 |
24,778,561,000
|
NET PROFIT / LOSS
|
2,677,381,000 |
2,939,038,000 |
NOTES
|
Balance sheets as at 31 December 2016 showed :
31/12/2016 31/12/2015 (in RUBLE) ASSETS Non-current assets Intangible assets
67,801,000 28,448,000 Fixed assets
7,649,765,000 6,119,727,000 Profitable investments in tangible assets
33,148,000 39,709,000 Financial investments
1,968,330,000 1,577,553,000 Deferred tax assets
3,124,000 9,537,000 Other non-current assets
186,141,000 106,485,000 Total non-current assets
9,939,937,000 7,909,389,000 Current assets Stock
4,569,847,000 3,638,603,000 Value added tax on purchased valuables
110,358,000 74,628,000 Trade receivables
5,659,484,000 5,033,019,000 Financial investments
7,221,000 13,642,000 Cash equivalents 42,093,000 40,468,000 Other current assets
34,095,000 17,494,000 Total current assets
10,423,098,000 8,817,854,000 TOTAL ASSETS
20,363,035,000 16,727,243,000 EQUITY & LIABILITIES Share capital
1,000,000 1,000,000 Retained earnings
7,945,011,000 6,002,389,000 Total Equity
7,946,011,000 6,003,389,000 Long-term liabilities Borrowings
8,056,099,000 8,056,099,000 Tax deferred Liabilities
484,487,000 401,434,000 Total long-term liabilities
8,604,539,000 8,487,900,000 Short-term liabilities Borrowed funds 0 0 Accounts payable
3,505,381,000 2,025,136,000 Total Short-term Liabilities
3,812,485,000 2,235,954,000 TOTAL EQUITY & LIABILITIES
20,363,035,000 16,727,243,000 INCOME STATEMENT Revenue
27,607,011,000 24,778,561,000 Cost of Sales
18,912,863,000 16,357,500,000 Gross Profit
8,694,148,000 8,421,061,000 Commercial expenses
4,212,838,000 3,828,942,000 Administrative expenses
1,601,727,000 1,295,740,000 Profit(loss) from sales
2,879,583,000 3,296,379,000 Other income and expenses Interest income
103,003,000 61,290,000 Income from participation in other
30,118,000 1,640,000 organizations Other income
269,555,000 142,846,000 Other expenses
345,753,000 446,220,000 Profit(loss) before taxation
2,936,506,000 3,055,935,000 Change in deferred tax assets
6,414,000 -1,841,000 Change in deferred tax liabilities
83,054,000 138,037,000 Current income tax
522,247,000 0 Net
Profit(loss) 2,677,381,000
2,939,038,000 The following Consolidated Statement of Financial Position
as at 31/12/2017 applies to subject’s parent company, PAO
GAZPROM NEFT and its subsidiaries:
31/12/2017 31/12/2016 (in millions of RUBLE) ASSETS Current Assets Cash and cash equivalents 90,608 33,621 Short-term financial assets 10,449 42,113 Trade and other receivables 102,262 115,559 Inventories 118,322 100,701 Current income tax prepayments 2,540 10,353
Other taxes receivable 58,359 53,482 Other current assets 40,047 40,503 Total Current Assets 422,587 396,332 Non-Current Assets Property, plant and equipment 2,052,275 1,726,345 Goodwill and other intangible assets 74,187 70,151 Investments in associates and joint ventures 256,758 201,548 Long-term trade and other receivables 901 5,129 Long-term financial assets 31,293 40,167 Deferred income tax assets 17,867 8,039 Other non-current assets 74,140 101,100 Total Non-Current assets 2,507,421 2,152,479 TOTAL ASSETS 2,930,008 2,548,811 LIABILITIES AND SHAREHOLDERS’ EQUITY Current Liabilities Short-term debt and current portion of long-term debt 131,760 80,187 Current finance lease Liabilities 1,397 - Trade and other payables 194,438 95,624 Other current liabilities 32,500 28,680 Current income tax payable 4,534 2,296 Other taxes payable 84,833 67,259 Provisions and other accrued liabilities 29,873 15,406 Total Current Liabilities 479,335 289,452 Non-Current Liabilities Long-term debt 548,654 596,221 Non-current finance lease Liabilities 20,826 - Other non-current financial liabilities 48,569 89,744 Deferred income tax liabilities 102,583 81,347 Provisions and other accrued liabilities 62,574 45,942 Other non-current liabilities 8,334 1,938 Total Non-Current Liabilities 791,540 815,192 EQUITY Share capital 98 98 Treasury shares (1,170) (1,170) Additional paid-in capital 62,256 51,047 Retained earnings 1,431,931 1,276,210
Other reserves 60,142 33,955 Equity Attributable To Gazprom Neft Shareholders 1,553,257 1,360,140 Non-controlling interest 105,876 84,027 TOTAL EQUITY 1,659,133 1,444,167 TOTAL LIABILITIES AND EQUITY 2,930,008 2,548,811 Consolidated Statement of
Profit & Loss Account
31/12/2017 31/12/2016 (in millions of RUBLE) Sales 2,003,575 1,695,764 Less export duties and sales related excise tax (145,644) (150,156) Total Revenue From Sales 1,857,931 1,545,608 Costs And Other Deductions Purchases of oil, gas and petroleum products (456,037) (351,294) Production and
manufacturing expenses (216,530) (201,862) Selling, general and administrative expenses
(106,629) (108,981) Transportation expenses (141,982) (132,984) Depreciation, depletion
and amortisation (140,998) (129,845) Taxes other than income tax (492,269) (381,131) Exploration expenses (963) (1,195) Total Operating Expenses (1,555,408)
(1,307,292) Operating Profit 302,523 238,316 Share of profit of
associates and joint ventures 45,504 34,116 Net foreign exchange gain / (loss) (241) 28,300 Finance income 10,098 11,071 Finance expense (25,127) (34,282) Other (loss) / gain,
net (7,557) (17,982) Total Other Income / (Expenses) 22,677 21,223 Profit Before Income Tax 325,200 259,539 Current income tax expense (43,695) (21,290) Deferred income tax (expense) / benefit (11,827) (28,524) Total Income Tax Expense (55,522) (49,814) Profit For The Period 269,678 209,725 |
|
SPECIAL
REMARKS
|
|
INTERVIEWED
|
Anna
Evgenievna Matveeva (HR Director). |
COMMENTS
|
You enquired on: GAZPROMNEFT
LUBRICANTS 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.05 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 80.03 |
|
RUB |
1 |
INR 1.15 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
SYL |
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.