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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

506837

Report Date :

03.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

ZAO RUSKHIMSET

 

 

Registered Office :

Noviy Arbat Street 21, Office 1806, Arbat District, 119019 Moscow

 

 

Country :

Russia

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

26.11.2001

 

 

Com. Reg. No.:

OGRN 1027739750213

 

 

Legal Form :

Limited Liability Company 

 

 

Line of Business :

·         Wholesale of chemical products

·         Wholesale of solid, liquid and gaseous fuels and related products

 

 

No. of Employees :

350  

 

 

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+

Low Risk

Business dealings permissible with low risk of default

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

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 SUMMARY 

 

COMPANY NAME

ZAO RUSKHIMSET

 

ADDRESS

Building

Street

Area

PO Box

N/A

Noviy Arbat Street 21, Office 1806

Arbat District

119019

Moscow

TEL/FAX 

Verified Phones: (+7 495) 730 1212 / Fax: (+7 495) 691 5532

EMAIL/WEBSITE

Email: mail@rushimset.ru / import@rushimset.ru / Website: www.rushimset.ru

ACTIVITY

 

NACE 4675 - Wholesale of chemical products; NACE 4671 - Wholesale of solid, liquid and gaseous fuels and related products; 

PRINCIPAL 

Aleksandr Yurievich Cheryatov  

Workforce 

Managing Director 

350  

LEGAL INFO 

 

Date Of Est.

Reg. No.

Legal Form

Status

26/11/2001

OGRN 1027739750213

LLC 

Active

CAPITAL

CURRENCY

AMOUNT

RUBLE (RUB)  

30,000,000  

 

 

BUSINESS INFORMATION REPORT

 

IDENTIFICATION

CO. NAME

ZAO RUSKHIMSET

ALSO KNOWN NAME (S)

CJSC RUSKHIMSET / ZAO Rushimset

STREET

Noviy Arbat Street 21, Office 1806

AREA

Arbat District

POSTAL ADDRESS

119019 Moscow

CITY

Moscow

COUNTRY

Russia

TELEPHONE

(+7 495) 730 1212 / (+7 495) 789 8399

FAX

(+7 495) 691 5532 / (+7 495) 202 5896

VERIFIED EMAIL

mail@rushimset.ru / import@rushimset.ru

WEBSITE

www.rushimset.ru

BUSINESS HOURS

DAYS

OFFICE HOURS

BREAK TIME

Mon-Fri

09:00-18:00

13:00-14:00

REGISTERED ADDRESS

Noviy Arbat Street 21, Office 1806, Arbat District, 119019 Moscow, Russia     

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SENIOR PERSONNEL

 

MANAGEMENT

NAME

POSITION

Aleksandr Yurievich Cheryatov

Nationality: Russian

Tax Code: INN  772075963165

Managing Director 

Sergey Mikhailovich Syrovets

 

Maria Gromova

 

Artem Petukhov  

 

Victoria Yakutina

Director

 

 

Purchasing Manager

 

Sales Director

 

Accountant 

WORKFORCE

NO. OF EMPLOYEES

PERIOD

350 (subject and its subsidiaries) 

04.2018 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL SUMMARY

 

REVENUE  

31/12/2017 (approx)

31/12/2016

RUBLE 8,000,000,000

RUBLE 8,371,493,000

NET PROFIT / (LOSS)   

31/12/2017 (approx) 

31/12/2016

RUBLE   290,000,000

RUBLE   372,549,000

PROFIT BEFORE TAX    

RUBLE 460,069,000 as of 31/12/2016

STOCK/INVENTORIES   

RUBLE 1,095,092,000 as of 31/12/2016

FISCAL YEAR-END

31 December 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEGAL STATUS 

 

INCORPORATION

26/11/2001

REGISTRATION NO.       

C.R. NUMBER

ISSUED BY  

OGRN 1027739750213 (issued on: 10/12/2002)

Federal Tax Service 

OTHER REGISTRATION NO.     

INN 7706254352 (Tax Code) / KPP 770401001 / OKPO 58014633 (Statistics Code) / OKTMO 45374000000  

AUTHORISED CAPITAL     

AMOUNT

CURRENCY

30,000,000

RUBLE

PAID-UP CAPITAL  

AMOUNT

CURRENCY 

30,000,000

RUBLE

LEGAL FORM 

Limited Liability Company 

BUSINESS HISTORY 

The Company was incorporated in Russia on 26 November 2001, however its origins of business activities can be traced back to 2000.  

STATUS

Active

SHAREHOLDERS  

NAME  

PERCENTAGE

1. Aleksandr Vladimirovich Ivlev

   Nationality: Russian

 

2. Evgeniy Viktorovich Pankov

   Nationality: Russian

 

3. Elena Mikhailovna Boyarskaya

   Nationality: Russian

   Tax Code: INN 662307115835

40.00%

 

 

30.00%   

 

 

30.00% 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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. PAO BANK URALSIB

   Efremova Street 8

   Moscow 119048

   Russia

   Telephone: (+7 495) 723 7777

   Fax      : (+7 495) 723 7777

   SWIFT: AVTBRUMM

 

4. JSC UniCredit Bank

   nab. Prechistenskaya 9

   Moscow 119034

   Russia

   Telephone: (+7 495) 258 7200

   Fax      : (+7 495) 956 1524

   SWIFT: IMBKRUMM      

ACTIVITY CODE (NACE)    

NACE 4675 - Wholesale of chemical products; NACE 4671 - Wholesale of solid, liquid and gaseous fuels and related products;

LINE OF BUSINESS    

Trading as importers, distributors and wholesalers of chemical products and related raw materials.

 

Subject’s partners includes:

 

- Neftekhimprom;

- Glaconchemie;

- Himprom;

- Spaeter Gruppe;

- Dansuk;

- Evonik Industries;

- LG Chem;

- Taminco;

- Ineos;

- RheinChemie;

- BASF;

- Zhedongxiangzhu;

- Lanxess;

- VOAO Himprom;

- Shell;

- Nefis;

- ICL;

- OOO Sintez OKA;

- Argon;

- Ashland;

- BRB;

- Cristal Global;

- Dow;

- Emplis;

- Fluoron Chemicals;

- Hankuck Latices;

- Haoupu;

- Kraton;

- Lamberti;

- Q&C;

- San Nopco Limited;

- Shandong Taihe Water Treatment Co.;

- Shepherd;

- Shifang Sundia Chemical Industry;

- Shijiazhuang Jackchem Co.;

- Sinorgchem;

- ALBEMARLE;

- SinoLegend;

- BLUESTAR;

- TIB Chemicals AG;

- UBE INDUSTRIES.

IMPORT FROM 

Worldwide, mainly from Germany, Poland, China, Argentina, Brazil, Belgium, India, Switzerland and USA.    

EXPORT TO  

CIS countries, mainly to Kazakhstan and Belarus.

TRADE REFERENCES 

1. Ningbo Wanglong Group Co., Ltd

   Fangjia Road, Yuyao City, YUYAO Zhejiang

   China

 

2. WRATISLAVIA-BIODIESEL S.A.

   ul. Monopolowa 4, 51-501 Wroclaw

   Poland

 

3. Renova SA

   Luis Saenz Pena 1074, Piso 1 -C1110AAV,

   Buenos Aires

   Argentina

 

4. Fontana S.A

   Rua Coronel Sobral, 415, Encantado – RS

   Brazil

 

5. SHANDONG FUFENG FERMENTATION CO., LTD

   Jin 2 Rd. Jinchuan District ADM Committee,

   Industrial Economic Development Zone, Hohhot

   city, 010070 Inner Mongolia

   China

 

6. TTCHEM COMPANY LIMITED

   NO.1, Yinshan Industrial Park Zone, 

   Shanting District, Zaozhuang City, Shandong

   Province

   China

 

7. Meridional Ventures S.A.

   P.O. Box 0819-09132 Swiss Bank Builing, 2nd

   Floor, 53rd Street East Marbella Panama City

   Brazil

 

8. SHANDONG BAISHENG BIOTECHNOLOGY CO.,LTD.

   China

 

9. OLEON NV

   Assenedestraat 2, 9940 Ertvelde 

   Belgium

 

10.Green Fresh (Fujian) Foodstuff Co.,ltd.

   Anshan Industrial District Zini County

   Longhai City Fujian 

   China

 

11.Xinjiang Kuanlin Biotech Co., LTD

   Huanghai 9 Road, Tuanlin Town,Lingang

   Economic Development Zone, Linyi City

   China

 

12.Ineos Oxide Ltd.

   Avenue des Uttins 3 1180 Rolle Switzerland 

   Germany

 

13.FOODCHEM INTERNATIONAL CORPORATION

   B6, 8/F, Jiangsu Mansion, 528 East Laoshan

   Road, Pudong New Area, Shanghai 200122

   China

 

14.YISHUI DADI CORN DEVELOPING CO., LTD

   China

 

15.SARDA BIO POLYMERS PVT. LTD.

   2nd Floor, 14/16, Gopaldas Mantri Marg,   

   Vithalwadi, Kalba Devi Road, Mumbai-400002

   Maharashtra

   India

 

16.GLACONCHEMIE GMBH

   Industriegebiet Sud, An der B 91,Beunaer Str. 

   4 06217 Merseburg

   Germany

 

17.ALBA THYMENT Sp. z o.o.

   PL 62-002 Suchy Las, str. Szkolna 98

   Poland

 

18.Bomix Chemie GmbH

   Gildeweg 6-10, 48291 Telgte

   Germany

 

19.Zhejiang Top Hydrocolloids Co., Ltd

   2299 Xinggong Road, Economic Development  

   Zone, Pinghu 314200, Zhejiang Province, P.R

   China

 

20.BRB Central Eastern Europe Sp. z o.o. 

   Poland

 

21.Galactic S.A

   Place d'Escanaffles 23 - 7760 Escanaffles -  

   Belgium

 

22.Tengzhou Tenglong Chemical Co.,Ltd.

   Longzhuang Industry Zone, Tengzhou City,   

   Shandong Province

   China

 

23.Qingdao Bright Moon Seaweed Group Co., Ltd

   67 Haibin Yi Road Jiaonan, Qingdao 

   China

FACILITIES

Premises comprising administrative offices located at the heading address as well as 18 branch offices and warehousing facilities located throughout Russian Federation. Subject has 3 representative offices located elsewhere in Kiev (Ukraine), Almaty (Kazakhstan) and Minsk (Belarus).

RELATED COMPANIES

Subsidiaries

 

1. OOO RHS-PROM

   Betonnaya Street, Noginskiy District

   Staraya Kupavna

   Moscow Region 

   Russia

   Est.: 23/04/2009

   C.R. No.: OGRN 1095031001603 

   Tax Code: INN 5031085194

   Sole Shareholder: ZAO RUSKHIMSET

 

2. AO RUSKHIMSET-VOLGOGRAD

   Komsomolskaya Street 6, Office 707

   Volgograd 400131

   Russia

   Est.: 23/01/2006

   C.R. No.: OGRN 1063443001962

   Tax Code: INN 3443068892

   Sole Shareholder: ZAO RUSKHIMSET

 

3. OOO RUSKHIMSET-KAZAN

   Adelya Kutuya Street 82, Office 213

   Kazan

   Republic of Tatarstan

   Russian Federation

   Est.: 13/04/2011

   C.R. No.: OGRN 1111690024159

   Tax Code: INN 1660152210

   Shareholders:

   ZAO RUSKHIMSET - 75%

   Marat Rakhmanov – 25%

 

4. AO RUSKHIMSET-SAINT-PETERBURG

   Sedova Street 11, Liter A, Room 917  

   Saint Petersburg 192019  

   Russia

   Est.: 05/07/2005

   C.R. No.: OGRN 1057811343040

   Tax Code: INN 7806318465

   Shareholders:

   ZAO RUSKHIMSET - 75%

   Igor Aleshkin – 25%

 

5. OOO RUSKHIMSET-PERM

   Monastyrskaya Street 12a, Office 250

   Perm 614015

   Russia

   Est.: 11/04/2011

   C.R. No.: OGRN 1115902004019

   Tax Code: INN 5902222201

   Shareholders:

   ZAO RUSKHIMSET - 75%

   Vladimir Sarapultsev – 25%

 

6. ZAO RUSKHIMSET-TAMBOV

   Bulvar Stroiteley 2

   Tambov 392000

   Russia

   Est.: 26/02/2004

   C.R. No.: OGRN 1046864638468

   Tax Code: INN 6825503775

   Shareholders:

   ZAO RUSKHIMSET - 75%

   Sergey Syrovets – 25%

 

7. OOO RUSKHIMSET ROSTOV-ON-DON

   Kashirskaya Street 9/53a

   Rostov 344091

   Russia

   Est.: 11/04/2008

   C.R. No.: OGRN 1086168001391

   Tax Code: INN 6168021668

   Shareholders:

   ZAO RUSKHIMSET - 75%

   Vladimir Kim – 25%

 

8. TOO Kazkhimset

   Gogolya Street 86, Office 712

   Almaty 050000

   Kazakhstan

   Telephone: (+7 727) 349 4749  

   Est.: 04/11/2015

   C.R. No.: BIN 151140002775

   Sole Shareholder: ZAO RUSKHIMSET

 

9. OOO Belkhimset

   Zagorodniy per. 1/20, Office 0904

   Minsk 220073

   Belarus

   Telephone: (+375 17) 256 9878

 

10.ZAO Volgospetkhim

   Yaroslavl

   Russia

 

11.OOO Ukrainskaya Khimicheskaya Set

   Kiev

   Ukraine 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL INFORMATION 

 

CURRENCY   

RUBLE

PERIOD    

31/12/2016

31/12/2015

CURRENT ASSETS     

2,043,006,000  

1,265,798,000

STOCK/INVENTORIES   

1,095,092,000     

  640,891,000

NON-CURRENT ASSETS 

  202,723,000    

  165,959,000

CURRENT LIABILITIES 

  885,885,000    

  440,876,000

NON-CURRENT LIABILITIES

  600,000,000    

  500,000,000

EQUITY

  759,844,000    

  490,880,000

BALANCE TOTAL

2,245,729,000  

1,431,757,000

REVENUE

8,371,493,000  

5,534,315,000

NET PROFIT / LOSS

   372,549,000    

   250,537,000

NOTES

Balance sheets as at 31 December 2016 showed :

 

                    31/12/2016      31/12/2015

                            (in RUBLE)

 

ASSETS

Non-current assets

Intangible assets       10,000          13,000

Fixed assets       165,450,000     122,945,000

Financial

investments         34,787,000      25,746,000

Other non-current

assets               2,475,000      17,256,000 

Total non-current

assets             202,723,000     165,959,000

Current assets

Stock            1,095,092,000     640,891,000

Value added tax on

purchased valuables  6,073,000       3,955,000

Trade receivables  844,239,000     582,650,000

Financial

investments         24,500,000       9,000,000

Cash equivalents    72,840,000      29,197,000

Other current

assets                 262,000         105,000

Total current

assets           2,043,006,000   1,265,798,000

TOTAL ASSETS     2,245,729,000   1,431,757,000 

 

EQUITY & LIABILITIES

Share capital           30,000          30,000

Reserve capital      4,500,000       4,500,000 

Retained

earnings           725,344,000     456,380,000

Total Equity       759,844,000     490,880,000

Long-term liabilities

Borrowings         600,000,000     500,000,000

Total long-term

liabilities        600,000,000     500,000,000

Short-term

Liabilities

Borrowings         305,683,000       2,805,000

Accounts payable   577,599,000     436,028,000

Total Short-term

Liabilities        885,885,000     440,876,000

TOTAL EQUITY &

LIABILITIES      2,245,729,000   1,431,757,000

 

INCOME STATEMENT

 

Revenue          8,371,493,000   5,534,315,000

Cost of Sales   (7,038,299,000) (4,516,942,000)

Gross Profit     1,333,194,000   1,017,373,000

Commercial

expenses          (827,382,000)   (577,713,000)

Administrative

expenses               0     (10,010,000)

Profit(loss) from

sales              505,812,000     429,650,000

Other income and expenses

Interest income      5,291,000       4,190,000

Interest payable  (101,904,000)    (64,990,000)

Income from participation

in other companies  35,064,000      31,557,000

Other income       227,160,000     197,661,000

Other expenses    (211,354,000)   (288,359,000)

Profit(loss) before

taxation           460,069,000     309,709,000

Current income tax (87,520,000)    (59,172,000)

Net Profit(loss)   372,549,000     250,537,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SPECIAL REMARKS 

 

INTERVIEWED   

Victoria Yakutina (Accountant).

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 66.66

UK Pound

1

INR 91.66

Euro

1

INR 81.01

RUB

1

INR 1.05

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.