BUSINESS INFORMATION REPORT
(example)
PRIVATE joint stock company “RUSSKY GOROD” (“RUSSIAN
CITY”)
| Subject: | Russky Gorod |
| Trading styles: | Russian City JSC |
| Do not confuse with: | NONE |
| RS Number: | 110563 |
| Date of the last modifications of the information about the company: | June 27, 1995 |
Summary:
| Address (registered office): | 122, Sadovaya St. |
| Town: | St.Petersburg |
| Post code: | 190068 |
| Country: | Russian Federation |
| Address (operating): | 12, Kantemirovskaya St. |
| Town: | St.Petersburg |
| Post code: | 197342 |
| Country: | Russian Federation |
| Tel: | (7 812) 5426626 |
| Telefax: | (7 812) 5426626 |
| Started: | February 1993 | |
| Legal form: | Private Joint Stock Company | |
| Name changes: | None | |
| CEO: | Mr. Alexey N. Rogozin, General Director | |
| Employees (full time only): | 140 | |
| SIC (S): | 5147, Wholesale in meat and meat products. | |
| Registration: | February 8, 1993 |
| Reg. No AO-10-118 | |
| Leninsky District Administration of the Mayor’s Office of St.Petersburg |
Founders:
Name |
Location |
% |
| Alexey N. Rogozhin | St.Petersburg | 50 |
| Dmitry V. Nahabtsev | St.Petersburg | 50 |
History:
The subject was founded in 1993 as a company engaged in wholesale trade in groceries. In August 1993 the company signed the first contract with SCAN, Sweden, and began developing of meat product supplies. Later the company signed contracts with MCM, Belgium, (September 1994) and LSO Food, Finland (1995).
That brought about specialization in import of meat products which is now the only activity of the company.
Company structure and principals:
Branches (divisions): None
Agencies: None
Subsidiaries:
Number of subsidiaries: 1
Name |
Location |
% |
| Torgovy Gorod Public Joint Stock Company | St.Petersburg | 99.8* |
* The rest of the shares are owned by the founders of Russian City JSC.
Affiliated companies: None
Principals:
| Name: | Alexey N. Rogozin |
| Title: | General Director |
| Profession: | Journalist |
| Born : | 1965 |
| Education: | had been studying at Leningrad State University |
| Foreign languages spoken: | English |
| Work history: | 1991 - 1993 SALPI JV, Department Manager. |
| Contact coordinates: | (7 812) 5426626 |
| Name: | Dmitry V. Nahabtsev |
| Title: | Chairman of the Board, Chief Accountant |
| Profession: | Engineer |
| Born : | 1960 |
| Education: | College degree in Electrical Engineering from Leningrad
Electrical Engineering Institute, College degree in Foreign Economic Activity from International Management Institute (St.Petersburg). |
| Foreign languages spoken: | English |
| Work history: | 1983 - 1986 Ioffe Physical Technical Institute, Engineer 1986 - 1989 Academy of Science of USSR, Senior Engineer 1989 - 1993 APEKS Science Technical Co-operative, Director |
| Contact coordinates: | (7 812) 5426626 |
| Name: | Nikolay N. Dvoynikov |
| Title: | Deputy Director |
| Profession: | Engineer |
| Born : | 1958 |
| Education: | College Degree in Electrical Engineering from Leningrad Electrical Engineering Institute |
| Work history: | 1982 - 1986 Krasnaya Zarya, Engineer 1986 - 1988 Krasnaya Zarya, Deputy Manager of a department 1988 - 1993 Gosmetr, Manager of Commercial Department 1993 - 1994 Russian City JSC, Salesman 1994 Russian City, Manager of Commercial Department |
Operations and financial statement:
| Currency: | RUBLES, unless otherwise stated | ||
| Exchange rate as of | January 1, 1993 | US $ 1= 414.5 | |
| January 1, 1994 | US $ 1= 1,247 | ||
| January 1, 1995 | US $ 1= 3,571 | ||
Operations (line of business):
The subject is engaged in wholesale trade in meat products. Sale of these products makes up 100% of the company's turnover.
Property:
The company rents two offices covering 588.8 sq. meters in total. Also rents 3 warehouses covering 1,123 sq. meters.
Owns a plot of land in industrial area of St.Petersburg with an unfinished warehouse covering 5,000 sq. meters. Also owns 4 trucks for international transportation of refrigerated products and 13 vehicles for local trucking.
Bankers:
| Bank name: | Abi-bank |
| Address: | 25, Zakharievskaya St., 191194, St.Petersburg |
| Account(rubles): | 4671168 |
| Account(US $): | 0703000103001 |
Auditors: None
Capital structure:
| Nominal (authorized) capital: | 10,000 |
| Number and type of shares: | 100 common registered shares |
| Share nominal value: | 100 |
| Issued capital: | 10,000 |
| Paid up capital: | 10,000 |
Shareholders:
Name |
Location |
% |
| Alexey N. Rogozhin | St.Petersburg | 50 |
| Dmitry V. Nahabtsev | St.Petersburg | 50 |
Comparatives:
(in thousands of rubles)
Indicators |
F i s c a l y e a r |
|
1993 |
1994 |
|
| Volume of sales: | 159,020.7 |
3,009,698.4 |
| Export: | — |
— |
| Profit (loss): | (40,811.0) |
467,768.5 |
| Net worth: | 10.0 |
148,843.7 |
| Total fixed assets: | 5,951.9 |
584,015.4 |
| Total assets: | 701,450.1 |
4,806,314.1 |
| Current assets: | 654,687.2 |
4,189,649.9 |
| Current liabilities: | 701,440.1 |
4,657,470.4 |
| Working capital: | (46,752.9) |
(467,820.5) |
| Long term debt: | 0 |
0 |
| Employees: | 25 |
140 |
Financial statement:
Balance Sheet as of January 1, 1995
(in thousands of rubles)
| ASSETS | |
| Fixed assets, total | 584,015.4 |
| including: - intangible assets | 122,334.0 |
| - fixed assets: | 128,078.3 |
| Reserves and expenses | 1,236,706.2 |
| Monetary funds, accounts and other assets | 2,952,943.7 |
| including: - accounts receivable | 20,145.9 |
| - cash: | 22,211.4 |
| Losses of the accounting year | -- |
| Losses of previous years | 32,648.8 |
| BALANCE (Assets) | 4,806,314.1 |
| LIABILITIES | |
| Equity financing | 148,843.7 |
| including: - charter fund | 10.0 |
| Long-term liabilities | -- |
| Accounts payable and other liabilities | 4,657,470.4 |
| including: - short term bank credits | 1,420,000 |
| - accounts payable: | 2,724,628 |
| BALANCE (liabilities) | 4,806,314.1 |
Profit & Loss Account from January 1, 1994 to January 1, 1995
(in thousands of rubles)
I. FINANCIAL RESULTS
Filing Entry |
|
| Proceeds (gross income) from sales of products (work, services) | 3,009,698.4 |
| Value Added Tax | (346,284.5) |
| Excise | -- |
| Cost of goods and services sold | (843,616.2) |
| Operating income (loss) | 1,819,797.7 |
| Non operating income (loss) | -- |
| Income (loss) from other operations | (1,352,029.2) |
| including: | |
| - securities and equity participation in joint ventures | -- |
| - foreign currency exchange transactions | (1,315,199.2) |
Balance income (loss) |
467,768.5 |
Reserve Fund is equal to 25% of Charter Fund. It formed from pre-tax income and used to secure operations.
II. PROFIT ALLOCATION
Filing Entry |
|
| Payments to the budget | 169,633.4 |
| Allowance to reserve (insurance) fund | -- |
| Allocations to: | |
| - accumulation fund | 145,127.9 |
| - consumption fund | 72,564 |
| - charity | 1,000 |
| - other purposes | 79,443.2 |
Balance Sheet and Profit & Loss Account are confirmed by tax inspectorate.
Sundry financial information:
During our investigation Svetlana Krasikova (Assistant General Director) submitted the
following:
Short-term loans were granted in February 1995 by ABI-Bank for US $400,000 for expansion.
Buys from:
Number of accounts: 3
Suppliers |
Terms |
Type of business |
| MCM FINE FOODS (Belgium), SCAN (Sweden), LSO FOOD OY (Finland) |
Trade credit |
Manufacturers of meat products. |
Sells to:
Number of accounts: 2200
Customers |
Terms |
Type of business |
Supermarkets and grocery stores. |
7 days’ delay in payment |
Retail trade |
Import:
% of turnover |
Countries |
Terms |
100 |
Finland, Sweden, Belgium |
Trade credit |
Export: None
Current contracts/projects:
The company has signed a contract with FaZiS JSC for construction of refrigerated
warehouse.
By June 19, 1995 the subject has spent 216,189,274 rubles according to this contract.
Also the company has signed a contract with Regalia Steel OY for 165,250 FIM (195,435,003
rubles) for delivery and installation of warehouse equipment.
The total amount of money spent on the construction of the warehouse is 411,624,283
rubles.
| Payment information: | There is no information concerning any overdue tax payments |
| Court and Arbitration: | There is no information available on the imposing of any penalties against the subject |
Expansion plans:
The company plans to increase supply of meat products and build an up-to-date warehouse in industrial area of St.Petersburg.
Trade references:
| Name: | MCM FINE FOODS |
| Address: | Belgium |
| Contact person: | Stefaan Delabie |
| Tel: | 32 56 372712 |
| Name: | SCAN |
| Address: | Sweden |
| Contact person: | Per-Owe Leijon, Export Manager |
| Tel: | 46 8 7258000 |
| Name: | LSO FOOD OY |
| Address: | Finland |
| Contact person: | Payve Karyalinen, Export Manager |
| Tel: | 358 0 8270 2282 |
Image information:
The company reportedly took the fourth place among St.Petersburg wholesalers by the number of references. The rating was assigned by PROFINDEX research firm which interviewed managers of 140 grocery stores in the city.