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.