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MIRA INFORM REPORT
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Report No. : |
505517 |
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Report Date : |
02.05.2018 |
IDENTIFICATION DETAILS
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Name : |
OOO TORGOVIY DOM LABAZ |
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Registered Office : |
Srednyaya Kalitnikovskaya Street 28, Building 4,
Nizhegorodskiy District, 109029 Moscow, Russia |
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Country : |
Russia |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
05.01.1998 |
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Com. Reg. No.: |
OGRN 1037700224430 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
·
Wholesale of beverages; ·
Retail sale of meat and meat products
in specialised stores; ·
Other retail sale of food in
specialised stores; |
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No. of Employees : |
200 |
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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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 |
BRIEF
SUMMARY
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COMPANY NAME |
OOO Torgoviy Dom Labaz |
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ADDRESS |
Building |
Street |
Area |
PO Box |
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X5 Retail Group Building, Office 17/40 |
Srednyaya Kalitnikovskaya Street 28, Building 4 |
Nizhegorodskiy District |
109029 Moscow |
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TEL/FAX |
Verified Phones: (+7 495) 662 8888 /
(+7 495) 789 9595 / Fax: (+7 495) 662 8888 ext. 61-145 |
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EMAIL/WEBSITE |
Email: yuriy.malyshev@x5.ru / Website: www.x5.ru |
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ACTIVITY |
NACE 4634 - Wholesale of beverages; NACE 4722 - Retail sale of meat
and meat products in specialised stores; NACE 4729 - Other retail sale of
food in specialised stores; |
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PRINCIPAL |
Yury
Borisovich Malyshev |
Workforce |
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Managing Director |
200 |
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LEGAL INFO |
Date Of Est. |
Reg. No. |
Legal Form |
Status |
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05/01/1998 |
OGRN
1037700224430 |
LLC |
Active |
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CAPITAL |
CURRENCY |
AMOUNT |
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RUBLE (RUB) |
11,771,500 |
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BUSINESS
INFORMATION REPORT
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IDENTIFICATION |
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CO. NAME |
OOO Torgoviy Dom Labaz |
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ENQUIRED NAME |
TH Labaz |
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TRADEMARK |
Pyaterochka / Perekrestok / Karusel |
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ALSO KNOWN NAME (S) |
LLC Trade House Labaz / TH Labaz |
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BUILDING |
X5 Retail Group
Building, Office 17/40 |
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STREET |
Srednyaya Kalitnikovskaya
Street 28, Building 4 |
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AREA |
Nizhegorodskiy District |
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POSTAL ADDRESS |
109029 Moscow |
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CITY |
Moscow |
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COUNTRY |
Russia |
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TELEPHONE |
(+7 495) 662 8888 ext. 22-209 & 52-051 / (+7 495) 789 9595 |
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FAX |
(+7 495) 662 8888 ext. 61-145 |
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VERIFIED EMAIL |
yuriy.malyshev@x5.ru /
info@x5.ru / pressa@x5.ru / ekspedirovanie@x5.ru |
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WEBSITE |
www.x5.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 |
Srednyaya
Kalitnikovskaya Street 28, Building 4, Nizhegorodskiy District, 109029
Moscow, Russia |
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ADDITIONAL ADDRESS |
Comcity Business Center, Block A, Kievskoye Highway 6, Building 1, 22km
from MKAD, Moscow, Russia |
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SENIOR
PERSONNEL
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MANAGEMENT |
NAME |
POSITION |
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Yury Borisovich Malyshev Nationality: Russian Tax Code: INN 771526410527 |
Managing Director |
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Group Board of Directors
Stephan Ducharme Mikhail Fridman Peter Demchenkov Andrei Elinson Geoffrey King Christian Couvreux Michael Kuchment Pawel Musial Group Management Igor Shekhterman Svetlana Demyashkevich Vladimir Sorokin Maksym Gatsuts Fabricio Granja Sergey Goncharov Olga Kruzhkova Stanislav Naumov Sergey Budylin Elena Konnova Dmitry Agureev Anton Mironenkov Svetlana Volikova Frank Lhoest Kirill Kuzmenko Ekaterina Lobacheva Johannes Tholey Denis Kuznetsov |
Chairman 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 Chief Executive Officer Chief Financial Officer General Director Of
Perekrestok General Director Of
Karusel Chief Information
Officer Director of Strategy Organizational
Development Director Government Relations
Director Director of Large Format
Real Estate Management Department Corporate Communication
Director Head of Corporate
Security Director of Big Data Director of Risk
Management & Internal Control Company Secretary Director of Transport General Counsel Commercial Director Public Relations
Officer |
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WORKFORCE |
NO. OF EMPLOYEES |
PERIOD |
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200 |
04.2018 |
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250,874 (X5 Retail Group) |
01.2018 |
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FINANCIAL
SUMMARY
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REVENUE |
31/12/2016 |
31/12/2015 |
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RUBLE 206,311,000 |
RUBLE 194,156,000 |
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NET PROFIT / (LOSS) |
31/12/2016 |
31/12/2015 |
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RUBLE 80,501,000
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RUBLE (6,376,000) |
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STOCK/INVENTORIES |
RUBLE 8,142,000 as of 31/12/2016 |
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NOTES |
The following consolidated balance sheets as at 31/12/2017 applies to
subject’s ultimate parent company, X5 Retail Group N.V.: 31/12/2016 31/12/2015 (in millions of RUBLE) Assets Non-current assets Property, plant and equipment
278,928 232,316 Investment property
5,488 4,590 Goodwill
90,276 80,369 Other intangible assets 18,442 16,380 Other non-current assets
7,708 4,448 Deferred tax assets
5,143 5,306
405,985 343,409 Current assets Inventories
99,300 73,801 Indemnification asset
106 182 Trade, other accounts receivable and prepayments
15,531 28,027 Current income tax receivable
2,384 954 VAT and other taxes receivable
14,347 8,922 Cash and cash equivalents 27,605
18,190
159,273 130,076 TOTAL ASSETS
565,258 473,485 Equity and liabilities Equity attributable to equity holders of the parent Share capital
2,458 2,458 Share premium
46,212 46,251 Retained earnings
109,655 78,261 Share-based payment reserve
117 70
158,442 127,040 Total equity
158,442 127,040 Non-current liabilities Long-term borrowings
135,622 110,865 Deferred tax liabilities
5,670 6,505 Long-term deferred revenue
5 8 Other non-current liabilities
1,344 1,697 142,641 119,075 Current liabilities Trade accounts payable
130,766 131,180 Short-term borrowings
58,674 45,168 Interest accrued
1,642 1,177 Short-term deferred revenue
1,701 282 Current income tax payable 635 821 Provisions and other liabilities 70,757 48,742 264,175 227,370 Total liabilities 406,816 346,445 TOTAL EQUITY AND LIABILITIES 565,258 473,485 CONSOLIDATED STATEMENT OF INCOME Revenue
1,295,008 1,033,667 Cost of sales
(986,070) (783,682) Gross profit
308,938 249,985 Selling, general and administrative expenses (259,376) (211,314) Lease/sublease and other income
8,196 6,960 Operating profit
57,758 45,631 Finance costs
(16,138) (17,372) Finance income
121 54 Net foreign exchange gain 75 340 Profit before tax
41,816 28,653 Income tax expense
(10,422) (6,362) Profit for the year
31,394 22,291 |
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FISCAL YEAR-END |
31 December |
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LEGAL
STATUS
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INCORPORATION |
05/01/1998 |
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REGISTRATION NO. |
C.R. NUMBER |
ISSUED BY |
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OGRN 1037700224430
(issued on: 17/02/2003) |
Federal Tax Service |
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OTHER REGISTRATION
NO. |
INN 7729361329 (Tax Code) /
KPP 772201001 / OKPO 18299301 (Statistics Code) / OKTMO
45392000000 |
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AUTHORISED CAPITAL |
AMOUNT |
CURRENCY |
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11,771,500 |
RUBLE |
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PAID-UP CAPITAL |
AMOUNT |
CURRENCY |
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11,771,500 |
RUBLE |
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LEGAL FORM |
Limited Liability Company |
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BUSINESS HISTORY |
The Company was incorporated in Russia on 5 January 1998. |
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STATUS |
Active |
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SHAREHOLDERS |
NAME |
PERCENTAGE |
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1. OOO Agrotorg Srednyaya Kalitnikovskaya Street 28, Building 4 Moscow Russia Director: Olga Naumova Est.: 05/01/1998 C.R. No.: OGRN 1037700224430 Tax Code: INN 7729361329 2. OOO Alteks Yakornaya Street 7 Moscow 115407 Russia Director: Andrey Dubovets C.R. No.: OGRN 1077746713604 Tax Code: INN 7701707295 Ultimate parent company X5 Retail Group N.V. Parkstraat 20 The Hague, 2514 JK The Netherlands Telephone: (+7 495) 662 8888 Fax : (+7 495) 662 8888 X5 Retail Group N.V. creates, develops, and operates grocery retail
stores primarily in Russia. As of February 28, 2018, the company operated
11,225 Pyaterochka proximity stores, 638 Perekrestok supermarkets, 93 Karusel
hypermarkets, and 165 express stores. It also engages in wholesale operations
and online retail, as well as provides franchise and other services. The
company was founded in 1975 and is based in The Hague, The Netherlands. X5
Retail is listed on the London Stock Exchange under the ticker symbol FIVE.
The company's main shareholder is Alfa Group (47.86%) |
84.95% 15.05% |
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OPERATION
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BANKERS |
1. AO Alfa-Bank Kalanchevskaya Street 27 Moscow 107078 Russia Telephone: (+7 495) 620 9191 SWIFT: ALFARUMM 2. PAO Sberbank Vavilova Street 19 117997 Moscow Russia Telephone: (+7 495) 957 5731 Fax
: (+7 495) 747 4758 3. JSC Russian Regional
Development Bank Suschevsky Val, d.65 bldg. 1 129594 Moscow Russia Telephone: (+7 495) 933 0343 Fax
: (+7 495) 933 0343 4. AO Gazprombank Nametkina Street 16, Block 1 Moscow 117420 Russia
Tel: (+7 495) 913 7474 SWIFT: GAZPRUMM |
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AUDITORS |
Ernst & Young 77 Sadovnicheskaya
Embankment, bld. 1, Moscow, 115035 Russia Tel: (+7 495) 755 9700 E-mail: Moscow@ru.ey.com Ernst & Young is a
member of the Audit Chamber of Russia Self-Regulated Non-Profit Partnership and is
included in the reference copy of the register of auditors and audit organizations under
identification number 10201017420. |
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ACTIVITY CODE
(NACE) |
4634 - Wholesale of
beverages; 4722 - Retail sale of meat and meat products in specialised
stores; 4729 - Other retail sale of food in specialised stores; |
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LINE OF BUSINESS |
Trading as importers and suppliers of alcoholic beverages including wine
and whiskey. Processors of meat products. Operators of a bakery. |
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IMPORT FROM |
Worldwide, mainly from UK, France, Spain, Chile, Argentina, Italy and
Georgia. |
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EXPORT TO |
Subject does not engage in exporting activities. |
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TRADE REFERENCES |
1. J.Garcia Carrion S.A. Carretera de Murcia s/n,
30520, Murcia Spain 2. Bodega Ramon Ramos S.L. C/Pozo, 35, 49153, Venialbo,
Zamora Spain 3. JSC Bagrationi 1882 Tbilisi 0153 Georgia 4. Felix Solis Avantis, S.A. Autovia del Sur, Km.199 -
13300 - Valdepenas (Ciudad Real) Spain 5. Vitivinicola Cremaschi Barriga S.A. 3660000, Camino Pangal km 4,
Comuna San Javier Chile 6. Cantine Bonacchi Spa Via Colli Mozzi, 26 51039 Quarrata (Pistoia) Italy 7. Societe Des Vins Et Spiritueux La
Martiniquaise 18, rue de l'Entrepot,
Charenton-le-Pont 94227 France 8. Bodegas J.A. Calvo Casajus S.L. C/Cercado no9, Quintana del
Pidio, Burgos, 09370 Spain |
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FACILITIES |
Premises comprising administrative offices and warehousing facilities
located at the heading address. |
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RELATED COMPANIES |
Subject is a member of X5 Retail Group, which also includes the
following companies: Major Subsidiaries 1. Agrotorg LLC Russia 2. Trade
House PEREKRIOSTOK JSC Russia 3. Agroaspect LLC Russia 4. X5 Nedvizhimost CJSC Russia 5. KOPEYKA-MOSCOW
Ltd. Russia 6. Krasnoborskoe LLC Russia 7. Perekrestok Holdings
Ltd. Gibraltar 8. Perekriostok-2000 LLC
Russia 9. Alpegru Retail
Properties Ltd. Cyprus 10.Beta Estate LLC Russia 11.Speak Global Ltd. Cyprus 12.X5 FINANSE LLC Russia 13.X5 Finance B.V. the Netherlands 14.Agro-Avto LLC Russia Subject is also a member
of Alfa Group of companies, which also includes the following companies: 1. AO
Alfa Bank Russia 2. AO AB Holding Russia 3. ABH Financial Limited
Cyprus 4. AO DB Alfa Bank Kazakhstan 5. OOO Sosny Russia 6. OOO Zalesie Russia 7. Amsterdam Trade Bank
H.B. The Neherlands 8. Alfa MTN Issuance
Limited Cyprus 9. Alfa Debt Market
Limited Cyprus 10.OOO Alfa Direct
Services Russia 11.OOO Alfa-Afinans Russia 12.OOO BSK Nedvizhimost Russia 13.Alfa Capital
Holdings (Cyprus) Limited Cyprus 14.OOO Sentinel Credit Management
Russia 15.Countryisle Assets Limited
British Virgin Islands 16.OOO Pashkov Russia 17.OOO Atelie-Lux Russia 18.ABH Holdings S.A. Luxembourg 19.AIH HOLDINGS LIMITED Cyprus 20.ABH UKRAINE LIMITED Cyprus 21.PAO Alfa Bank Ukraine 22.ABH BELARUS LIMITED Cyprus 23.ZAO Alfa Bank Belarus 24.Sifum Group Limited British Virgin Islands 25.Greatford Limited Cyprus 26.Amsterdam Trade Capital Administration Corporation B.V. The Netherlands 27.Cardimia Holdings Limited British Virgin Islands 28.PAO Baltiyskiy Bank Russia 29.OOO Alfa Future People
Russia 30.FAREMOON LIMITED Cyprus 31.OOO Alfa-Leasing Russia 32.OOO Goldline Russia 33.OOO Intergroup Russia 34.OOO Alfamobil Russia 35.ChAO Strakhovaya Kompaniya Alfa Strakhovanie Ukraine 36.OOO A-Leasing
Belarus 37.OOO AL Servis Russia 38.OOO Alfa-Forex Russia 39.OOO Potok Digital Russia 40.PAO UkrSotsBank Ukraine 41.OOO Ukrsotsbud Ukraine 42.OOO Paritet Finance Ukraine 43.OOO Neos Leasing Ukraine 44.Spensiamo
Ventures Limited British Virgin Islands 45.Welley
Limited British Virgin Islands 46.Torentina Limited Cyprus 47.Voda International
Corp. British Virgin Islands 48.TOO NEW
CAPITAL ADVISORS Kazakhstan 49.OOO Universalnaya Leasingovaya
Kompaniya Alfa Ukraine 50.Paymetech Cyprus
Limited Cyprus 51.TOO Storage Group Kazakhstan 52.Alfastrakhovanie
Holdings Limited Cyprus 53.OOO Strakhovye
Investitsii Russia 54.OOO YUNS-Holding Russia 55.AO AlfaStrakhovanie Russia 56.OOO AS Finance Russia 57.OOO AS Holding Russia 58.OOO Alyans Plyus Russia 59.Flosra Enterprises
Limited Cyprus 60.OOO
AlfaStrakhovanie-Zhizn Russia 61.OOO Meditsina
AlfaStrakhovanie Russia 62.OOO Poliklinika
AlfaProf Russia 63.OOO Poliklinika
Alfa-Center Zdorovie Russia 64.OOO
AlfaStrakhovanie-OMS Russia 65.Alfastrakhovanie
Holdings Limited Cyprus 66.OOO Strakhovye
Investitsii Russia 67.Rosvodokanal Group Russia 68.IDS Borjomi
International |
FINANCIAL
INFORMATION
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CURRENCY |
RUBLE |
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PERIOD |
31/12/2016 |
31/12/2015 |
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CURRENT ASSETS |
63,612,000 |
52,646,000 |
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STOCK/INVENTORIES |
8,142,000 |
8,451,000 |
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NON-CURRENT ASSETS |
185,071,000 |
10,403,000 |
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CURRENT LIABILITIES |
151,614,000 |
53,165,000 |
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NON-CURRENT LIABILITIES |
685,000 |
4,001,000
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EQUITY |
96,384,000 |
5,883,000 |
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BALANCE TOTAL |
248,683,000 |
63,049,000 |
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REVENUE |
206,311,000 |
194,156,000 |
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NET PROFIT / LOSS |
80,501,000 |
(6,376,000) |
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NOTES |
Balance sheets as at 31
December 2016 showed : 31/12/2016 31/12/2015 (in RUBLE) ASSETS Non-current assets Fixed assets 22,751,000 4,356,000 Financial investments 156,780,000 713,000 Deferred tax
assets 5,440,000 5,193,000 Other non-current assets 100,000 141,000 Total non-current assets 185,071,000 10,403,000 Current assets Stock 8,142,000 8,451,000 Value added tax on purchased valuables
20,317,000 379,000 Trade receivables 32,070,000 41,438,000 Cash equivalents 3,076,000 2,338,000 Other current assets 7,000 40,000 Total current assets 63,612,000 52,646,000 TOTAL ASSETS 248,683,000 63,049,000 EQUITY &
LIABILITIES Share capital 11,772,000 11,772,000 Added capital 60,008,000 60,008,000 Retained earnings 24,604,000 (55,897,000) Total Equity 96,384,000 5,883,000 Long-term liabilities Borrowings 0
3,850,000 Deferred tax liabilities 685,000 151,000 Total long-term liabilities 685,000 4,001,000 Short-term Liabilities Borrowings 17,676,000 232,000 Accounts payable 133,934,000 52,892,000 Total Short-term Liabilities 151,614,000 53,165,000 TOTAL EQUITY & LIABILITIES 248,683,000 63,049,000 INCOME STATEMENT Revenue 206,311,000 194,156,000 Cost of Sales (155,390,000) (162,644,000) Gross Profit 50,921,000 31,512,000 Commercial expenses (125,170,000) (33,836,000) Profit(loss) from sales (74,249,000) (2,324,000) Other income and
expenses Interest income 293,000 32,000 Interest payable (570,000) (232,000) Other income 165,461,000 1,805,000 Other expenses (9,936,000) 5,138,000 Profit(loss) before taxation 80,999,000 (5,857,000) Change in deferred tax assets (247,000) (475,000) Change in deferred tax liabilities (535,000) (19,000) Current income tax
(16,248,000) (940,000) Net Profit(loss) 80,501,000 (6,376,000) |
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SPECIAL
REMARKS
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INTERVIEWED |
Denis Kuznetsov (Public Relations
Officer). |
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COMMENTS |
You enquired on: TH
Labaz. Please note that this name applies to subject’s also known as name.
Subject’s registered name is as per heading.
The address which you provided:
142784 Kievskoe Highway Demould6, P 1, 2 km From MKAD Business Center,
"Comcity" Block A applies to subject’s branch office address.
Subject’s administrative office address is as per heading. |
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 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
|
RUB |
1 |
INR 1.05 |
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 : |
KET |
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.