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MIRA INFORM REPORT
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Report No. : |
495262 |
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Report Date : |
08.03.2018 |
IDENTIFICATION DETAILS
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Name : |
AO RAO ROSNEFTEGAZSTROY |
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Formerly Known As : |
OAO RAO RNGS-HOLDING |
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Registered Office : |
Donskaya Street 15, 119049 Moscow |
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Country : |
Russia |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
21.07.1999 |
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Com. Reg. No.: |
OGRN 1027739151406 |
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Legal Form : |
Joint
Stock Company |
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Line of Business : |
· Construction of roads and motorways · Activities of holding companies; |
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No. of Employees : |
15 |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
RUBLE 280,000,000 |
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Status : |
Excellent |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
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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 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.
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Source : CIA |
SUMMARY
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COMPANY NAME
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AO RAO Rosneftegazstroy |
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ADDRESS
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Building |
Street |
Area |
PO Box |
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N/A |
Donskaya Street 15 |
Yakimanka District |
119049 Moscow |
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TEL/FAX
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Verified Phones: (+7 499) 213
3408 / (+7 495) 792 3976 / Fax: (+7 499) 213 3408 |
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EMAIL/WEBSITE
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Email: rngs@rngs.ru / miteh@mail.ru / Website: www.rngs.ru (under
construction) |
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ACTIVITY
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NACE 4211 - Construction of roads and motorways; NACE
6420 - Activities of holding companies;
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PRINCIPAL
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Ivan
Ivanovich Mazur |
Workforce |
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Chairman |
15
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LEGAL INFO
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Date Of Est. |
Reg. No. |
Legal Form |
Status |
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21/07/1999 |
OGRN 1027739151406 |
Joint Stock Company |
Active |
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CAPITAL
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CURRENCY |
AMOUNT |
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RUBLE (RUB) |
450,000,000 |
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IDENTIFICATION
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CO. NAME
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AO RAO
Rosneftegazstroy |
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ALSO KNOWN NAME (S)
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RNGS / JSC Rosneftegazstroy / JSC RAO
Rosneftegazstroy |
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FORMER NAME
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OAO RAO
RNGS-Holding |
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STREET
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Donskaya Street 15 |
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AREA
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Yakimanka District |
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POSTAL ADDRESS
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119049
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
499) 213 3408 / (+7 495) 792 3976 / (+7 495) 514 5601 |
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FAX
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(+7
499) 213 3408 |
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VERIFIED EMAIL
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rngs@rngs.ru / miteh@mail.ru |
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WEBSITE
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www.rngs.ru (under construction) |
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BUSINESS HOURS
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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
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Donskaya Street 15, 119049 Moscow,
Russia |
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FORMER ADDRESS
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Zhitnaya
Street 14/1, 119991 Moscow, Russia |
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SENIOR
PERSONNEL
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MANAGEMENT
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NAME |
POSITION |
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Ivan Ivanovich Mazur |
Chairman |
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Board of
Directors Abdurahmon
Khotambekov Yuri Belyaev Dmitriy
Buklis Vladimir
Golubev Igor Godunov Vitaliy
Dudnikov Valeriy
Istomin Irina
Krasnova Ivan Mazur Ouis Bassem Oto Ozura Svetlana Prokopchina Andrey
Seleznev Management Ivan Ivanovich Mazur Sergey
Sochnev Sergey Ansov Yuriy
Belyaev Sergey
Grishchenko Rashat
Kurbanov Garri
Maslovskiy Albert
Mulanov Andrey
Chirkin Rozaliya
Skorcheva Valentina
Maslennikova |
Chairman of the Board Member of the Board Member of the Board Member of the Board Member of the Board Member of the Board Member of the Board Member of the Board Member of the Board Member of the Board Member of the Board Member of the Board Member of the Board Chairman Deputy Chairman Director Director Director Director Director Director Director Chief Accountant Corporate Secretary
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WORKFORCE
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NO. OF EMPLOYEES |
PERIOD |
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15 |
01.2018 |
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1,000 plus
(Group) |
01.2018 |
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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 10,850,960,000 |
RUBLE 8,680,768,000 |
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NET PROFIT / (LOSS)
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31/12/2016 |
31/12/2015 |
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RUBLE 250,014,000 |
RUBLE 157,997,000 |
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PROFIT BEFORE TAX
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RUBLE
312,518,000 as of 31/12/2016 |
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STOCK/INVENTORIES
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RUBLE 710,035,000 as of 31/12/2016 |
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LEGAL
STATUS
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INCORPORATION
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21/07/1999
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REGISTRATION NO.
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C.R. NUMBER |
ISSUED BY |
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OGRN 1027739151406 (issued on:
05/09/2002) |
Federal Tax Service |
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OTHER REGISTRATION NO.
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INN
7706195918 (Tax Code) / KPP 770601001
/ OKPO 18910564 (Statistics Code) / OKTMO 45384000000 |
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AUTHORISED CAPITAL
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AMOUNT |
CURRENCY |
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450,000,000 |
RUBLE |
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PAID-UP CAPITAL
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AMOUNT |
CURRENCY |
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450,000,000 |
RUBLE |
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LEGAL FORM
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Joint
Stock Company |
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BUSINESS HISTORY
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The Company
was incorporated in Russia on 21 July 1999 under the name OAO RAO
RNGS-Holding. Subject’s origins of business activities can be traced back to
1977. In 2002, subject changed its name to the present style. Subject is a legal successor of the former USSR Ministry for Oil and Gas
Construction (until 1991); in 1991 under the Decree of the President of the
Russian Federation it was reorganized into Neftegazstroy Construction Concern
and further into Rosneftegazstroy Joint-Stock Company. |
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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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1. Ivan
Ivanovich Mazur Nationality: Russian Tax Code: INN 772900624908 Date of Birth: 1/01/1948 2. OOO
Intergazspecstroy Donskaya Street 15 Moscow 119049 Russia 3. ZAO Neftegazstroy-Ukraina
Donskaya Street 15 Moscow 119049 Russia 4. OOO
Spetsnefteburgaz Donskaya Street 15 Moscow 119049 Russia 5. Sergey
Petrovich Ansov 6. OOO
RNGS-Trading Donskaya Street 15 Moscow 119049 Russia 7. Anatoliy
Siluanovich Strigo 8. ZAO
RNGS-Stroyinvest Zhitnaya Street 14 Moscow 119991 Russia 9. OOO
Elima Zamorenova Street 12/1 Moscow Russia 10.GUP
Tsentrgazpromstroy Sloboda Street 9 Moscow Russia |
24.983% 24.811% 24.806% 17.372%
7.17%
0.55%
0.19%
0.10% 0.016% 0.002%
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OPERATION
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BANKERS
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1. OOO SBI Bank (frmly OOO KB
YAR-Bank)
Leningradskiy Avenue 72, Block 2
Moscow 125315
Russia
Telephone: (+7 495) 651 6512
Acc. No.: 40702810100000003324 2. OOO Maxima Bank
Volnaya Street 13
Moscow 105118
Russia
Telephone: (+7 499) 166 8515
Fax : (+7 499) 166 8512
Acc. No.: 40702810500000000230 3. OOO Bank IBA-Moscow
Rochdelskaya Street 14/1
Moscow 123022
Russia
Telephone: (+7 495) 025 2525
Fax : (+7 495) 937 7719
Acc. No. : 40702810700000000365
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AUDITORS
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OOO Delopolis Expert 3-y Pavlovskiy pereulok 1 Business Centre Evi, Office 509 Moscow 115093 Russia Telephone: (+7 495) 787 6914 Email: ek@delopolis.ru |
ACTIVITY CODE (NACE)
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4211 - Construction of roads and
motorways; 6420 - Activities of holding companies; |
LINE OF BUSINESS
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Holding and management company for its
subsidiaries, which are involved in the design, engineering and building of
oil and gas production complexes as well as in the industrial and civil
engineering works. During the period of its operation the JSC «RAO Rosneftegazstroy»
constructed more than 200,000 km of trunk pipelines and about 350,000 km of
field gathering pipelines. In the Eighties RNGS used to construct about
22,000-25,000 km annually. RNGS commissioned more than 1500 compressor and
pump stations. RNGS participated in construction of gas processing plants
with total production capacity over 45 billion m3 and oil refineries, built
tank farms to the capacity of over 16 million m3, oil treatment (separation)
to the capacity about 250 million tons and integrated gas processing units to
the capacity of more than 500 billion m3, commissioned over 13 million m2 of
residential-civil estate with the entire range of service lines, constructed
more than 150 thousand km of multi-purpose roads. Subject’s clients/partners include: ZAO RTES,
ANSALDO Energia, Black & Which, ALMAGAS,
KONTGRUPP, Pillar Group GmbH,
etc. |
IMPORT FROM
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Europe, China and Far East Asian countries. |
EXPORT (SERVICES) TO
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Turkey,
China, Iran, Croatia, Slovakia, Columbia, Tajikistan, Ukraine, Latvia,
Rumania, Bulgaria, Hungary, Finland, Yemen, Angola, Vietnam, Afghanistan,
Iraq, Algeria and India. |
FACILITIES
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Premises
comprising administrative offices located at the heading address as well representative
offices in Europe, North America, Middle East and the Commonwealth of
Independent States countries. |
RELATED COMPANIES
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Subsidiaries 1. OOO FK
RNGS-Invest 100% Russia
2. OOO
RNGS-Engineering 100% Russia 3. OOO
RNGS-Ukraine 100% Kiev Ukraine 4. JSC
RNGS Energy Latvia 100% Riga Latvia 5. RNGS
Curacao Trade Corp 50% Santa Rosaweg №101, Curacao British Virgin Islands 6. OOO
RNGS-Vostok 50% Russia 7. OOO
Rosneftegazstroy-Invest 51% Russia 8. OOO
RNGS-Treiding 51% Russia 9. OOO
RNGS-Eko 52% Russia 10.OOO
Rusburneftegaz 50% Russia Associates
11.OOO
Azneftegazstroy 35% Baku Azerbaijan 12.OOO
RNGS Neftegazdobycha 25% Russia 13.OOO
RNGS Tyumen 19.8% Russia 14.OOO UK
Neftegazprominvest 22% Russia 15.ZAO
RNGS-Stroyinvest Russia 16.ZAO
RNGS-Treiding Russia 17.ZAO
Belrusneftegaz Russia
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FINANCIAL
INFORMATION
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CURRENCY
|
RUBLE |
|
PERIOD
|
31/12/2016 |
31/12/2015 |
CURRENT ASSETS
|
1,426,230,000 |
1,270,833,000 |
STOCK/INVENTORIES
|
710,035,000 |
630,557,000
|
NON-CURRENT ASSETS
|
387,452,000 |
599,902,000 |
CURRENT LIABILITIES
|
70,311,000 |
377,378,000 |
EQUITY
|
1,743,371,000 |
1,493,356,000 |
BALANCE TOTAL
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1,813,682,000 |
1,870,734,000 |
REVENUE
|
10,850,960,000 |
8,680,768,000 |
NET PROFIT / LOSS
|
250,014,000 |
157,997,000 |
NOTES
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Balance
sheets as at 31 December 2016 showed : 31/12/2016 31/12/2015 (in thousands of
RUBLE) ASSETS Non-current assets Fixed assets
387,452 599,902 Total non-current assets 387,452 599,902 Current assets Stock 710,035 630,557 Trade receivables 450,702 452,022 Financial investments 184,772 184,772
Cash & cash equivalents 79,079 1,018 Other current assets 1,643 2,464 Total current assets 1,426,230 1,270,833 TOTAL ASSETS 1,813,682 1,870,734
EQUITY & LIABILITIES Share capital
450,000 450,000
Retained earnings 1,293,371 1,043,356 Total Equity
1,743,371 1,493,356 Total long-term liabilities 0 0 Short-term Liabilities Borrowings 14,156 47,985 Accounts payable 56,155 329,393
Total Short-term Liabilities 70,311 377,378 TOTAL EQUITY & LIABILITIES 1,813,682 1,870,734 INCOME STATEMENT Revenue 10,850,960 8,680,768 Cost of Sales
(10,515,152) (8,467,611) Gross Profit 335,808 213,157 Administrative expenses (22,396) (17,536) Profit(loss) from sales 313,412 195,621 Other income and expenses Interest income 416
407 Interest payable (213) (912) Other income 13,212 9,621 Other expenses (14,309) (7,241) Profit(loss) before taxation 312,518 197,496 Current
income tax (62,504) (39,499) Net
Profit(loss) 250,014 157,997 |
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SPECIAL
REMARKS
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INTERVIEWED
|
Rozaliya Skorcheva (Chief Accountant). |
COMMENTS
|
The address
which you provided: 14 Zhitnaya St., Moscow 117970 Russia applies to
subject’s former address. Please note that subject’s current administrative
address is as per heading. The
phone number given by you: 495-239-1000 is no longer in use. Please note that
subject’s current phone numbers are as per heading. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.96 |
|
|
1 |
INR 90.34 |
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Euro |
1 |
INR 80.75 |
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RUB |
1 |
INR 1.14 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
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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.