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MIRA INFORM REPORT
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Report No. : |
511752 |
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Report Date : |
31.05.2018 |
IDENTIFICATION DETAILS
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Name : |
OOO NEPTUN |
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Registered Office : |
Elevatornaya Ploschadka (Ugolnaya Gavan) 16, Block 7, Lit A, 198096
Saint Petersburg |
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Country : |
Russia |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
20.11.2006 |
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Com. Reg. No.: |
OGRN
5067847544639 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of other food, including fish, crustaceans and molluscs |
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No. of Employees : |
15 [2018] |
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 |
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 |
OOO NEPTUN |
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ADDRESS |
Building |
Street |
Area |
PO Box |
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N/A |
Elevatornaya
Ploschadka (Ugolnaya Gavan) 16, Block 7, Lit A |
Kirovskiy
District |
198096 Saint Petersburg
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TEL/FAX |
Verified
Phones: (+7 812) 318 0808 / Fax: (+7 812) 612 1406 |
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EMAIL/WEBSITE |
Email:
mail@rok1.spb.ru / Website: www.rok1group.ru (subject’s parent company) |
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ACTIVITY |
NACE 4638
- Wholesale of other food, including fish, crustaceans and molluscs; |
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PRINCIPAL |
Tatyana Gennadievna
Filatova |
Workforce |
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Managing
Director |
15 |
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LEGAL
INFO |
Date Of
Est. |
Reg. No. |
Legal
Form |
Status |
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20/11/2006 |
OGRN 5067847544639 |
LLC |
Active |
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CAPITAL
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CURRENCY |
AMOUNT |
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RUBLE
(RUB) |
15,000,000 |
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IDENTIFICATION
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CO. NAME |
OOO NEPTUN |
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TRADEMARK |
Svoya
Rybka |
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ALSO KNOWN NAME (S) |
NEPTUN LTD. / LLC NEPTUN |
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STREET |
Elevatornaya Ploschadka (Ugolnaya
Gavan) 16, Block 7, Lit A |
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AREA |
Kirovskiy District |
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POSTAL ADDRESS |
198096 Saint Petersburg |
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CITY |
Saint Petersburg |
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COUNTRY |
Russia |
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TELEPHONE |
(+7 812) 318
0808 / (+7 812) 612 1458 (Logistics Manager) / (+7 951) 667 2321 |
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FAX |
(+7
812) 612 1406 / (+7 812) 612 1459 |
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VERIFIED EMAIL |
mail@rok1.spb.ru / sales@rok1.spb.ru
/ personal@rok1.spb.ru |
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WEBSITE |
www.rok1group.ru (subject’s parent
company) |
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BUSINESS HOURS |
DAYS |
OFFICE HOURS |
BREAK TIME |
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Mon-Fri |
08:00-17:00 |
13:00-14:00 |
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REGISTERED ADDRESS |
Elevatornaya Ploschadka (Ugolnaya Gavan)
16, Block 7, Lit A, 198096 Saint Petersburg, Russia |
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SENIOR
PERSONNEL
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MANAGEMENT |
NAME |
POSITION |
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Tatyana Gennadievna Filatova Nationality: Russian Tax Code: INN 780528751615 |
Managing Director |
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Margarita Grigorieva Ms. Nadezhda |
HR Manager Logistics Manager |
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WORKFORCE |
NO. OF EMPLOYEES |
PERIOD |
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15 |
05.2018 |
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2,000
(ROK-1 Group of Companies) |
05.2018
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FINANCIAL
SUMMARY
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REVENUE |
31/12/2017 |
31/12/2016 |
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RUBLE 3,048,000,000 |
RUBLE 3,395,535,000 |
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NET PROFIT / (LOSS) |
31/12/2016 |
31/12/2015 |
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RUBLE 53,076,000 |
RUBLE (38,408,000) |
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PROFIT BEFORE TAX |
RUBLE
66,627,000 as of 31/12/2016 |
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STOCK/INVENTORIES |
RUBLE 377,928,000
as of 31/12/2016 |
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NOTES |
The
following balance sheets as at 31/12/2017 applies to OAO Ryboobrabatyvayuschi
Kombinat № 1,
subject’s parent company: 31/12/2017 31/12/2016 (in RUBLE) ASSETS Non-current assets Intangible assets 16,277,000 24,107,000 Fixed assets 395,313,000 464,421,000 Financial investments 213,097,000 213,097,000 Deferred tax assets 3,046,000 1,571,000 Total non-current assets 627,733,000 703,196,000 Current assets Stock 1,804,640,000 1,235,489,000 Value added tax on purchased valuables 149,655,000 56,044,000 Trade receivables 2,281,847,000 2,194,347,000 Financial investments 22,442,000 22,442,000 Cash equivalents 13,684,000 16,120,000 Other current assets
1,658,000 97,000 Total current assets 4,273,926,000 3,524,538,000 TOTAL ASSETS 4,901,660,000 4,227,734,000 EQUITY & LIABILITIES Share capital 188,000 188,000 Added capital 344,728,000 344,728,000 Reserve capital 47,000 - Retained earnings 604,089,000 459,410,000 Total Equity 949,052,000 804,326,000 Total long-term liabilities 2,469,778,000 1,564,644,000 Short-term liabilities Borrowings 369,037,000 868,333,000 Accounts payable
1,093,759,000 970,532,000 Estimated liabilities 20,033,000 19,899,000 Total Short-term Liabilities 1,482,829,000 1,858,764,000 TOTAL EQUITY & LIABILITIES 4,901,660,000 4,227,734,000 INCOME STATEMENT Revenue 6,358,550,000 5,841,698,000 Cost of Sales (5,825,546,000) (5,232,990,000) Gross Profit 533,004,000 608,708,000 Profit(loss) from sales 533,004,000 608,708,000 Other income and expenses Interest income 46,000 499,000 Interest payable (337,010,000) (367,491,000) Other income 191,570,000 95,016,000 Other expenses (178,638,000) (230,561,000) Profit(loss) before taxation 208,972,000 106,171,000 Current income tax
(51,407,000) (26,200,000) Changed in deferred tax liabilities (134,000) (1,353,000) Change in deferred tax assets (1,475,000) (1,571,000) Others (14,179,000) (260,000) Net Profit(loss) 144,727,000 79,929,000 |
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FISCAL YEAR-END |
31
December. |
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LEGAL
STATUS
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INCORPORATION |
20/11/2006 |
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REGISTRATION NO. |
C.R. NUMBER |
ISSUED BY |
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OGRN 5067847544639 |
Federal Tax Service |
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OTHER REGISTRATION NO. |
INN
7840349696 (Tax Code) / KPP 780501001
/ OKPO 96849444 (Statistics Code) / OKTMO 40338000000 |
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AUTHORISED CAPITAL |
AMOUNT |
CURRENCY |
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15,000,000 |
RUBLE |
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PAID-UP CAPITAL |
AMOUNT |
CURRENCY |
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15,000,000 |
RUBLE |
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BUSINESS HISTORY |
The
Company was incorporated in Russia on 20 November 2006. |
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LEGAL FORM |
Limited
Liability Company |
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STATUS |
Active |
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SHAREHOLDERS |
NAME |
PERCENTAGE |
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OAO
Ryboobrabatyvayuschi Kombinat № 1 Elevatornaya Ploschadka (Ugolnaya
Gavan) 16, Block 7, Lit A Saint Petersburg 198096 Russia Est.: 18/10/1993 C.R. No.: OGRN 1027802726225 Tax Code: INN 7805024462 Managing Director: Mikhail Efimovich Soshnik Shareholders: 1. European Bank for Reconstruction and Development (EBRD) – 40.08% 2. Mikhail Efimovich Soshnik – 22.2% 3.
Minority shareholders – 37.72% |
100.00% |
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OPERATION
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BANKERS |
1. AO Bank Inteza
Liteiniy Avenue 57/13-H, Liter B
Saint Petersburg
Russia
Telephone: (+7 812) 275 4154 2. PAO Sberbank Vavilova Street 19
117997 Moscow
Russia
Telephone: (+7 495) 957 5731
Fax : (+7 495) 747 4758 3. PAO Bank VTB
Bolshaya Morskaya Street 30, Liter A
Saint Petersburg
Russia
Telephone: (+7 495) 777 2424
SWIFT: VTBRRUMM 4. PJSC Bank Otkritie Financial
Corporation
Petrovskiy Branch Malaya Konyushennaya Street 16 Saint Petersburg Russia Telephone:
(+7
812) 640 1408 |
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ACTIVITY CODE (NACE) |
4638 - Wholesale of other food,
including fish, crustaceans and molluscs; |
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LINE OF BUSINESS |
Trading as
importers, wholesalers and suppliers of fresh-frozen fish and seafood as well
as packaging and plastic products. Subject’s
clients includes: METRO, Ashan, O’KEY, DIKSI, BILLA, X5 Retail Group and
LENTA. |
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IMPORT FROM |
Worldwide,
mainly from Turkey, USA, Chile, Greenland, Iceland, Bulgaria, China, Peru,
Vietnam and Faroe Islands. |
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EXPORT TO |
Subject
does not engage in exporting activities.
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TRADE REFERENCES |
1. Sarten
Ambalaj Sanayi ve Ticaret A.S. LTD Barbaros Bulvar No: 68/7, 34349 Balmumcu
– Istanbul Turkey
2. Thunder
Group Inc. 780 South Nogales Street, City of
Industry, CA 91748 USA 3.
Salmones Andes S.A. Puerto Fernandez S/N, Quemchi Chile 4. Polar
Amaroq, Polar Pelagic A/S. Postboks 1616, 3900 Nuuk Greenland 5. HB
Grandi hf NORDURGARDUR 1, 101 Reykjavik Iceland 6. Sarten
Bulgaria Ltd Bulgaria 7.
Salmones Blumar S.A. Colon 2400, Talcahuano Chile 8. Minhou
County Jiahe Food Co., Ltd. 316 State Road Side, Shadi Village,
Shangjie Town, Minhou County China 9. P/F
Bakkafrost Harvest (FO 147) Faroe Islands 10.Peruvian
Sea Food S.A. Zona Industrial II MZ. "К2,
Lotes 1 Y 2 Distrito Y Provincia De Paita,
Departamento de Piura Peru
11.Camau
Seafood Processing & Service Jointstock
Corporation (CASES) Song Doc Town, Tran Van Thoi District,
Camau Province Vietnam 12.Sociedad
Jimenez Gutierrez y Cia Ltda. Camino Las Quemas, Sector Lagunilla Km.
12, Puerto Montt Chile |
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FACILITIES |
Owned
premises comprising administrative offices and storage facilities located at
the heading address. |
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RELATED COMPANIES |
Subject is
a member of ROK-1 Group of Companies, which also includes the following companies: Associates 1. OOO
ROK-1-Invest Elevatornaya Ploschadka (Ugolnaya Gavan)
16,
Block 7, Lit A
Saint Petersburg 198096
Russia
Est.: 23/03/2010
C.R. No.: OGRN 1107847086764 Tax Code: INN 7805515975 Sole Shareholder: OAO Ryboobrabatyvayuschi Kombinat №
1 2. OOO
Morskaya Planeta Nevelskaya Street 7, Liter K Saint Petersburg 198035 Russia
Est.: 02/11/2006
C.R. No.: OGRN 5067847504654 Tax Code: INN 7805411729 Sole Shareholder: OAO Ryboobrabatyvayuschi Kombinat №
1 3. OOO
ROK-FINANS Elevatornaya Ploschadka (Ugolnaya Gavan)
16,
Block 7, Lit A
Saint Petersburg 198096
Russia
Est.: 28/06/2010
C.R. No.: OGRN 1107847202858 Tax Code: INN 7805524440 Sole
Shareholder: OAO Ryboobrabatyvayuschi Kombinat №
1 4. OOO
EKON Priozerskiy District, village Udaltsovo Leningrad Region 188734 Russia
Est.: 22/10/1998
C.R. No.: OGRN 1024701652689 Tax Code: INN 4712016255 Shareholders: OAO Ryboobrabatyvayuschi Kombinat №
1–87.75% Aleksandr Semenovich Utevskiy – 12.25% 5. OOO
Portoviy Kholodilnik Elevatornaya Ploschadka (Ugolnaya Gavan) 10
Saint Petersburg 198096
Russia
Est.: 29/11/1996
C.R. No.: OGRN 1027802756915 Tax Code: INN 7805077009 Shareholders: OAO Ryboobrabatyvayuschi Kombinat №
1 – 50% OOO LIND-ROS – 50% 6. OAO
Kholodilnik 1 Russia
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FINANCIAL
INFORMATION
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CURRENCY |
RUBLE |
|
|
PERIOD |
31/12/2016 |
31/12/2015 |
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CURRENT ASSETS |
911,087,000 |
679,495,000 |
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STOCK/INVENTORIES |
377,928,000 |
294,570,000 |
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NON-CURRENT ASSETS |
3,313,000 |
13,373,000 |
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CURRENT LIABILITIES |
899,229,000 |
731,047,000 |
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NON-CURRENT LIABILITIES |
0 |
0 |
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EQUITY |
14,897,000 |
(38,179,000) |
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BALANCE TOTAL |
914,400,000 |
692,868,000 |
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REVENUE |
3,395,535,000 |
2,459,517,000 |
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NET PROFIT / LOSS |
53,076,000 |
(38,408,000) |
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NOTES |
Balance sheets as at 31 December
2016 showed : 31/12/2016 31/12/2015 (in RUBLE) ASSETS Total non-current assets 3,313,000 13,373,000 Current assets Stock 377,928,000 294,570,000 Value added tax on purchased valuables
10,728,000 2,218,000 Trade receivables 438,507,000 246,886,000 Cash equivalents 6,843,000 7,242,000 Other current assets 77,081,000 128,579,000 Total current assets 911,087,000 679,495,000 TOTAL ASSETS 914,400,000 692,868,000 EQUITY & LIABILITIES Share capital 15,000,000 15,000,000 Retained earnings (103,000) (53,179,000) Total Equity 14,897,000 (38,179,000) Total long-term liabilities 0 0 Short-term liabilities Accounts payable 899,229,000 731,047,000 Total Short-term liabilities 899,229,000 731,047,000 TOTAL EQUITY & LIABILITIES 914,400,000 692,868,000 INCOME STATEMENT Revenue 3,395,535,000 2,459,517,000 Cost of Sales (3,317,267,000) (2,333,279,000) Gross Profit 78,268,000 126,238,000 Commercial expenses (10,159,000) (11,190,000) Profit(loss) from sales 68,109,000 115,048,000 Other income and expenses Other income 105,557,000 512,034,000 Other expenses (107,039,000) (675,073,000) Profit(loss) before taxation 66,627,000 (47,991,000) Changed in deferred tax assets (10,060,000) 9,598,000 Current income tax (3,489,000) 0 Net Profit(loss) 53,076,000 (38,408,000) |
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SPECIAL
REMARKS
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|
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INTERVIEWED |
Ms. Nadezhda (Logistics Manager). |
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COMMENTS |
You enquired on: NEPTUN 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
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
INR 67.63 |
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|
1 |
INR 89.70 |
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Euro |
1 |
INR 78.20 |
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RUB |
1 |
INR 1.09 |
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.