 |
|
Comparatives
|
| Turnover |
243,634,737,000 |
143,568,222,000 |
96,149,739,000 |
| Pre-tax Profit |
52,820,530,000 |
5,772,371,000 |
16,770,855,000 |
| Net Worth |
309,553,135,000 |
311,399,266,000 |
324,825,124,000 |
| Fixed Assets |
72,616,879,000 |
71,384,559,000 |
77,157,555,000 |
| Total Assets |
466,514,165,000 |
477,994,307,000 |
512,555,799,000 |
| Current Assets |
118,348,271,000 |
113,671,562,000 |
130,635,021,000 |
| Current Liabilities |
43,680,216,000 |
39,524,650,000 |
58,083,764,000 |
| Working Capital |
74,668,055,000 |
74,146,912,000 |
72,551,257,000 |
| Long Term Debt |
113,280,814,000 |
127,070,391,000 |
129,646,911,000 |
| Financial Assets |
275,549,015,000 |
292,938,186,000 |
304,763,223,000 |
| Intangibles |
11,656,000 |
30,566,000 |
35,316,000 |
| Net Worth and Total Assets are tangible figures shown after the deduction of intangible assets. |
|
Ratios
|
| Current Ratio |
2.71 |
2.88 |
2.25 |
| Solvency Ratio (%) |
150.71 |
153.50 |
157.79 |
| Fixed Assets / Net Worth (%) |
23.46 |
22.92 |
23.75 |
| Current Liabs / Net Worth (%) |
14.11 |
12.69 |
17.88 |
| Asset Turnover (%) |
52.22 |
30.04 |
18.76 |
| Assets / Sales (%) |
191.48 |
332.94 |
533.08 |
| Profit Margin (%) |
21.68 |
4.02 |
17.44 |
| Shareholders Return (%) |
17.06 |
1.85 |
5.16 |
| Return on Assets (%) |
11.32 |
1.21 |
3.27 |
|
Balance Sheet
Abstract from individual interim balance sheet.
|
|
|
| Fixtures/Eqpt |
64,546,009,000 |
| Under Construct’n |
12,082,717,000 |
| Misc Fixed Assets |
528,829,000 |
| Total Fixed Assets |
77,157,555,000 |
| |
|
| Investments |
303,875,225,000 |
| Misc Fin’cl Assets |
887,998,000 |
| Total Fin’cl Assets |
304,763,223,000 |
| |
|
| Misc Intangible Assets |
35,316,000 |
| Total Intangible Assets |
35,316,000 |
| |
|
| CURRENT ASSETS |
| Stock & WIP |
27,065,844,000 |
| Trade Debtors |
33,404,370,000 |
| Cash |
20,583,827,000 |
| Tax Recoverable |
2,643,215,000 |
| Misc Current Assets |
46,937,765,000 |
| |
|
| TOTAL CURRENT |
130,635,021,000 |
| |
|
| TOTAL ASSETS |
512,591,115,000 |
| |
|
| Capital |
10,077,000 |
| Legal Reserves |
161,264,765,000 |
| Retained Profits |
163,585,094,000 |
| Misc Reserves |
504,000 |
| Net Worth |
324,860,440,000 |
| |
|
| Mortgages/Loans |
125,025,504,000 |
| Misc Def Liabilities |
4,621,407,000 |
| |
|
| CURRENT LIABILITIES |
| Trade Creditors |
32,740,741,000 |
| Bank Overdraft |
24,122,789,000 |
| Owed to Members |
165,612,000 |
| Misc Current Liabilities |
1,054,622,000 |
| |
|
| TOTAL CURRENT |
58,083,764,000 |
| |
|
| TOTAL LIABS & NET WORTH |
512,591,115,000 |
|
Profit & Loss
|
| Net Sales |
96,149,739,000 |
| Cost of Goods Sold |
68,737,579,000 |
| |
|
| Gross Profit |
27,412,160,000 |
| Selling/Admin Expenses |
8,087,255,000 |
| Misc Operating Charges |
15,374,054,000 |
| Misc Operating Income |
14,616,128,000 |
| |
|
| Net Operating Income |
18,566,979,000 |
| Interest Receivable |
3,604,012,000 |
| Group Related Income |
652,000 |
| Total Financial Income |
3,604,664,000 |
| |
|
| Interest Payable |
5,400,788,000 |
| Total Financial Expenses |
5,400,788,000 |
| |
|
| Profit Before Taxes |
16,770,855,000 |
| Income Tax |
-2,698,409,000 |
| Misc Tax |
6,038,656,000 |
| |
|
| Profit After Tax |
13,430,608,000 |
| |
|
| Net Profit |
13,430,608,000 |
|
Notes on Financials
|
According to the balance sheet as of Jun 30, 2010.
|
| Financial statement obtained from
outside sources
on Aug 17, 2010. |
Financial Interviews
| On Sep 14, 2010 subject confirmed general details in this report. |
Investigation Information
| On Sep 14, 2010 local informants stated that: |
|
|
The volume of
export in 2006 totaled $1401135965; in 2007 totaled $1685852925; in 2008
totaled $2282613835; in 2009 totaled $1358031031; The volume of import
in 2006 totaled $192084351; in 2007 totaled $209187800; in 2008 totaled
$331791752; in 2009 totaled $219869032;
The main competitors are: Maksim-Grupp, Stalnaya Gruppa Mechel, ZSMK,
Uralskaya Stal, OAO MMK, OAO NLMK.
Licence availability report:
Number: VOL №01107;
type of activity (activities): the right of use of mineral wealth;
date of issue: 06.04.2004;
validity end date: 07.06.2014;
Number: VP-00-009602;
type of activity (activities): exploitation of fire and explosion
dangerous industrial objects;
date of issue: 01.03.2009;
validity end date: 31.01.2014;
Number:00-EKH-002212;
type of activity (activities): Operation of chemically dangerous
industrial objects;
date of issue: 2008-12-30;
validity end date: 2013-12-30;
Number: VOL 00918 VE;
type of activity (activities): The right of use of bowels;
date of issue: 2005-12-01;
validity end date: 2011-05-31;
Number: VOL 00996;
type of activity (activities): The right of use of bowels;
date of issue: 2002-07-17;
validity end date: 2027-07-17;
Summary Issued Capital:
The number of ordinary shares - 1 007 701 355 of ROU 0.01 each, shares
in N.C., %: 100.
OAO “Severstal�? comprises the following business divisions:
Severstal Russian Steel is Russia’s largest steel producer and includes
the following segments: steel, pipe, metalware, trade and distribution
and services as well as scrap procurement operations. The CEO of the
division is Anatoly Kruchinin (who is also CEO of Cherepovets Steel
Mill).
Severstal Resources comprises Severstal’s assets related to iron ore,
coal and gold extraction in Russia, CIS, Africa and the USA. The
division is one of Russia’s largest producers of pellets and coking coal
and the second lagest gold producer in Russia. CEO of the division is
Alexander Grubmann.
Severstal International comprises Severstal’s operations in Europe and
North America. Lucchini Group produces high-quality steels and long
products in Italy and France and has a European distribution network. In
the United States, Severstal is the fourth largest steel producer.
Severstal North America operates four fully-integrated iron steel mills
in the US as well as a new generation mini-mill, Severstal Columbus. CEO
of the division is Sergei Kuznetsov (also CEO of OAO Severstal North
America).
In 2009, Severstal produced 16.7 million tones of steel. Revenues were
$13.05 billion and EBITDA was $844 billion.
Severstal is listed in the RTS and LSE.
Its high-quality assets are located in Russia, Ukraine, Kazakhstan,
France, Italy, the United States and Africa. Severstal owns mining
assets in Russia and in the USA.
Severstal gives its name to a Russia Super League ice hockey club,
Severstal Cherepovets. |
Conclusion
| Subject is a leading company in
this line, its principals are well known and it is considered
trustworthy for normal credit requirements. |
|
|
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