PrintINTERFAX-DI END BI, OOO
- Subscriber No: 037080334
Ticket Key: 201701185006430384
Reference: DB Russia - Delivery Date: Jan 18, 2017
Identification & Summary
Identification
- D-U-N-S Number:
- 68-373-0990
- Trading Style(s):
- Interfax - Dun & Bradstreet, Limited Liability Company
Interfax-D&B
- (Former Name(s):
- Dun & Bradstreet CIS, OOO)
- Address:
- str. 1 2 ul. 1-ya Tverskaya-Yamskaya
Moscow 127006
RUSSIAN FED
- Telephone(s):
- 7495 6462114
- E-mail Address:
- info@dnb.ru
- Web Address:
- www.dnb.ru
Summary
- Started:
- 1993
- Year Inc:
- 2008
- Legal Form:
- Limited liability company
- Local Legal Form:
- Obshchestvo s Ogranichennoi Otvetstvennostiyu.
- Reg No:
- 1087746421223
- Govt Gaz No:
- 85702904
- Employs:
- 20
- SIC:
- 7374
- Activity:
- Engaged in data processing and preparation
RISK SUMMARY
-
Risk Evaluation
Risk Indicator 1 D&B Rating 2A1 Due Diligence Index 1 Trend UP Avg Credit 78,407 USD Principal Information
Principal(s) 2 Payment Information
Payments UNDETERMINED Financial Summary
Registered Capital 2,900,000 ROU Sales/Turnover 238,041,000 ROU Tangible Net Worth 158,668,000 ROU Total Assets 213,682,000 ROU Pre-Tax Profit 87,127,000 ROU
Currency
All monetary amounts quoted in this report are shown in Russian Rouble unless otherwise stated.
Risk Assessment
The Dun & Bradstreet Rating of 2A1 indicates:
- Financial Strength of USD 2.5 million to USD 12 million (based on net worth).
- A Risk Indicator which is Strong (Minimal Risk).
Risk Analysis
Due Diligence Index
Due Diligence Index for this Business.
The Due Diligence Index for this business is 1 indicating Low risk.
Understanding the Due Diligence Index:
The Due Diligence Index is calculated using statistical methodology to assign each business entity a score representing the likelihood that a company was created (or exists) to carry out just one transaction and has no real assets or operations. The score takes on values 0 - 99 which represent the probability of being a 'shell' company. The higher the Index value, the more likely the entity is a 'shell' company. The Due Diligence Index is calculated using public information available on a legal entity.
The Index provides a 0-99 point value distributed into five bands
| Points | Risk Assessment | Recommendation |
| 0-29 | Low risk | Proceed with transaction |
| 30-49 | Moderate risk | Proceed with transaction |
| 50-69 | Medium risk | Proceed with transaction but monitor closely |
| 70-89 | High risk | Take suitable assurances |
| 90-99 | The highest risk | Caution |
TREND ANALYSIS
Key Trends
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Risk Indicator
-
No. of Employees
-
-
Current Ratio
-
-
Solvency Ratio
-
-
Statutory Debt
-
-
DDI
-
Understanding Key trends:
Using historical archive data we are able to plot the movement of key data elements.
-
Improving
-
-
Worsening
-
-
Static
-
Methodology:
Where data availability allows we are monitoring six elements for key trends: solvency ratio, current ratio, statutory debts, employee figure, scores or rating.
Financial trends are based year over year using latest available financial statements or figures, whereas statutory debt comparisons are made quarterly as fresh information is released. Comparative employee data, typically collected directly from the subject company is therefore triggered by latest to last date of update. As our scores are recalculated on the basis of all fresh information these comparisons will also reflect latest to last date of update position.
Parent Details
- Ultimate Parent:
- Interfax Dun & Bradstreet Holding
- Location:
- Amsterdam,Netherlands
- DUNS:
- 48-909-6336
- Parent:
- Interfax Dun & Bradstreet Holding B.V.
- Location:
- Amsterdam, Netherlands
- DUNS:
- 48-909-6336
- Ownership:
- 100%
Principals
- Name:
- Olga Leonidovna Rink
- Position:
- Director general
- Name:
- Nataliya Vladimirovna Stradymova
- Position:
- Chief Accountant
Bankers
- Bank Name:
- Bank VTB, PAO
- Address:
- Moscow
- Account No:
- 40702810300130000423
Trade Payments
Informants report that subjects payment could not be determined.
Public Record Information
Court Actions
- Defendant Name:
- Interfax - D&B, OOO
- Court:
- Moscow Arbitration Court
- Cause of Action:
- Not Available
- Date of Action:
- Jun 17, 2016
- Court Reference:
- A40-20443/16-46-181
- Related Amount:
- 4,233 U S Dollars
- Costs Of:
- Not Available
- Status of Action:
- Not Available
This section of the report was compiled after a search was conducted on the D&B Court Database which contains commercial cases filed in courts and tribunals of the country of the report subject within the previous seven years. It is for information purposes only. Certified copies can only be obtained from the official source.
The public record items contained in this report may have been paid, terminated, vacated, settled or relased prior to the date this report was printed with status on certain cases confirmed during current investigation as stated.
History
Background
Business started in Oct 13, 1993 as a Limited Liability Company as a Limited Liability Company under the name 'Dun & Bradstreet CIS, OOO'.
Subject's name was changed from 'Dun & Bradstreet CIS, OOO' on Mar 26, 2008.
Legal Form
Limited Liability Company registered on Mar 26, 2008 in Moscow.
- Registration No:
- 1087746421223
- Government Gazette No:
- 85702904
- Tax Registration No:
- 7710712238
References
Last entry with Companies Registry on December 11, 2013.
Capital
- Nominal capital:
- 2,900,000 Russian Roubles
- Paid-Up capital:
- Not disclosed
Starting capital is 10,000 Russian Roubles.
Linkage
Parent
The company is a subsidiary of Interfax Dun & Bradstreet Holding B.V., Amsterdam, Netherlands (DUNS: 48-909-6336), which holds 100% interest.
The ultimate parent is Interfax Dun & Bradstreet Holding, Amsterdam, Netherlands (DUNS: 48-909-6336).
OPERATIONS
Line of Business
Engaged in data processing and preparation (7374)
Provides information retrieval services (7375)
Provides business services (7389)
Providing business information on legal entities. Supply of Dun & Bradstreet products and services.
Employees
Employs: 20(approx)
Contracts
Subject has current contract valued at 1,652,000 Russian Roubles with Vneshekonombank for the information services.Subject has current contract with Vneshekonombank for the information services.The project is located in Russian Fed.
Financial Information
Trend of Turnover & Pre-Tax Profit
Trend of key balance sheet items
Net Worth and Total Assets are tangible figures shown after the deduction of intangible assets.
Comparatives
| Fiscal Dec 31, 2013 ( Russian Roubles) |
Fiscal Dec 31, 2014 ( Russian Roubles) |
Fiscal Dec 31, 2015 ( Russian Roubles) |
||
| Turnover | 118,426,000 | 159,392,000 | 238,041,000 | |
| Pre-tax Profit | 18,727,000 | 70,742,000 | 87,127,000 | |
| Net Worth | 46,539,000 | 100,148,000 | 158,668,000 | |
| Fixed Assets | 76,000 | 44,000 | 13,000 | |
| Total Assets | 108,150,000 | 148,799,000 | 213,682,000 | |
| Current Assets | 107,960,000 | 148,624,000 | 212,520,000 | |
| Current Liabilities | 61,266,000 | 48,306,000 | 55,014,000 | |
| Working Capital | 46,694,000 | 100,318,000 | 157,506,000 | |
| Long Term Debt | 345,000 | 345,000 | ||
| Financial Assets | 114,000 | 131,000 | 1,149,000 | |
| Intangibles | 211,000 | 181,000 | 6,634,000 | |
| Net Worth and Total Assets are tangible figures shown after the deduction of intangible assets. | ||||
| Fiscal Dec 31, 2010 ( Russian Roubles) |
Fiscal Dec 31, 2011 ( Russian Roubles) |
Fiscal Dec 31, 2012 ( Russian Roubles) |
||
| Turnover | 80,763,000 | 78,042,000 | 106,814,000 | |
| Pre-tax Profit | 8,176,000 | 16,232,000 | 10,662,000 | |
| Net Worth | 29,612,000 | 32,876,000 | 34,008,000 | |
| Fixed Assets | 240,000 | 160,000 | 107,000 | |
| Total Assets | 53,032,000 | 55,081,000 | 76,061,000 | |
| Current Assets | 52,792,000 | 54,921,000 | 75,950,000 | |
| Current Liabilities | 23,360,000 | 22,160,000 | 42,053,000 | |
| Working Capital | 29,432,000 | 32,761,000 | 33,897,000 | |
| Long Term Debt | 60,000 | 45,000 | ||
| Financial Assets | 4,000 | |||
| Intangibles | 304,000 | 273,000 | 242,000 | |
| Net Worth and Total Assets are tangible figures shown after the deduction of intangible assets. | ||||
Ratios
| Dec 31, 2013 |
Dec 31, 2014 |
Dec 31, 2015 |
||
| Current Ratio | 1.76 | 3.08 | 3.86 | |
| Solvency Ratio (%) | 132.39 | 48.58 | 34.67 | |
| Fixed Assets / Net Worth (%) | 0.16 | 0.04 | 0.01 | |
| Current Liabs / Net Worth (%) | 131.64 | 48.23 | 34.67 | |
| Asset Turnover (%) | 109.50 | 107.12 | 111.40 | |
| Sales / Net Working Capital | 2.54 | 1.59 | 1.51 | |
| Assets / Sales (%) | 91.32 | 93.35 | 89.77 | |
| Profit Margin (%) | 15.81 | 44.38 | 36.60 | |
| Shareholders Return (%) | 40.24 | 70.64 | 54.91 | |
| Return on Assets (%) | 17.32 | 47.54 | 40.77 | |
| Dec 31, 2010 |
Dec 31, 2011 |
Dec 31, 2012 |
||
| Current Ratio | 2.26 | 2.48 | 1.81 | |
| Solvency Ratio (%) | 79.09 | 67.54 | NaN | |
| Fixed Assets / Net Worth (%) | 0.81 | 0.49 | 0.31 | |
| Current Liabs / Net Worth (%) | 78.89 | 67.40 | 123.66 | |
| Asset Turnover (%) | 152.29 | 141.69 | 140.43 | |
| Sales / Net Working Capital | 2.74 | 2.38 | 3.15 | |
| Assets / Sales (%) | 65.66 | 70.58 | 71.21 | |
| Profit Margin (%) | 10.12 | 20.80 | 9.98 | |
| Shareholders Return (%) | 27.61 | 49.37 | 31.35 | |
| Return on Assets (%) | 15.42 | 29.47 | 14.02 | |
Balance Sheet
Abstract from individual fiscal balance sheet.
| Assets |
As at Dec 31, 2013 ( Russian Roubles) |
As at Dec 31, 2014 ( Russian Roubles) |
As at Dec 31, 2015 ( Russian Roubles) |
|
| Misc Fixed Assets | 76,000 | 44,000 | 13,000 | |
| Total Fixed Assets | 76,000 | 44,000 | 13,000 | |
| Investments | 0 | 0 | ||
| Misc Fin'cl Assets | 114,000 | 131,000 | 1,149,000 | |
| Total Fin'cl Assets | 114,000 | 131,000 | 1,149,000 | |
| Misc Intangible Assets | 211,000 | 181,000 | 6,634,000 | |
| Total Intangible Assets | 211,000 | 181,000 | 6,634,000 | |
| CURRENT ASSETS | ||||
| Stock & WIP | 43,000 | 460,000 | ||
| Trade Debtors | 15,116,000 | 21,306,000 | 10,389,000 | |
| Cash | 91,945,000 | 125,113,000 | 199,284,000 | |
| Tax Recoverable | 899,000 | 2,162,000 | 2,387,000 | |
| Misc Current Assets | 0 | 0 | ||
| TOTAL CURRENT | 107,960,000 | 148,624,000 | 212,520,000 | |
| TOTAL ASSETS | 108,361,000 | 148,980,000 | 220,316,000 | |
| Liabilities |
As at Dec 31, 2013 ( Russian Roubles) |
As at Dec 31, 2014 ( Russian Roubles) |
As at Dec 31, 2015 ( Russian Roubles) |
|
| Capital | 2,900,000 | 2,900,000 | 2,900,000 | |
| Retained Profits | 39,445,000 | 93,024,000 | 157,997,000 | |
| Misc Reserves | 4,405,000 | 4,405,000 | 4,405,000 | |
| Net Worth | 46,750,000 | 100,329,000 | 165,302,000 | |
| Deferred Tax | 345,000 | 345,000 | ||
| Misc Def Liabilities | 0 | 0 | ||
| CURRENT LIABILITIES | ||||
| Trade Creditors | 60,262,000 | 47,795,000 | 54,215,000 | |
| Misc Current Liabilities | 1,004,000 | 511,000 | 799,000 | |
| TOTAL CURRENT | 61,266,000 | 48,306,000 | 55,014,000 | |
| TOTAL LIABS & NET WORTH | 108,361,000 | 148,980,000 | 220,316,000 | |
| Assets |
As at Dec 31, 2010 ( Russian Roubles) |
As at Dec 31, 2011 ( Russian Roubles) |
As at Dec 31, 2012 ( Russian Roubles) |
|
| Misc Fixed Assets | 240,000 | 160,000 | 107,000 | |
| Total Fixed Assets | 240,000 | 160,000 | 107,000 | |
| Investments | 0 | 0 | 0 | |
| Misc Fin'cl Assets | 0 | 0 | 4,000 | |
| Total Fin'cl Assets | 0 | 0 | 4,000 | |
| Misc Intangible Assets | 304,000 | 273,000 | 242,000 | |
| Total Intangible Assets | 304,000 | 273,000 | 242,000 | |
| CURRENT ASSETS | ||||
| Stock & WIP | 16,000 | |||
| Trade Debtors | 18,222,000 | 4,583,000 | 7,566,000 | |
| Cash | 33,781,000 | 46,976,000 | 62,698,000 | |
| Tax Recoverable | 773,000 | 360,000 | 1,005,000 | |
| Misc Current Assets | 0 | 3,002,000 | 4,681,000 | |
| TOTAL CURRENT | 52,792,000 | 54,921,000 | 75,950,000 | |
| TOTAL ASSETS | 53,336,000 | 55,354,000 | 76,303,000 | |
| Liabilities |
As at Dec 31, 2010 ( Russian Roubles) |
As at Dec 31, 2011 ( Russian Roubles) |
As at Dec 31, 2012 ( Russian Roubles) |
|
| Capital | 2,900,000 | 2,900,000 | 2,900,000 | |
| Retained Profits | 22,611,000 | 25,844,000 | 26,945,000 | |
| Misc Reserves | 4,405,000 | 4,405,000 | 4,405,000 | |
| Net Worth | 29,916,000 | 33,149,000 | 34,250,000 | |
| Deferred Tax | 60,000 | 45,000 | ||
| Misc Def Liabilities | 0 | 0 | 0 | |
| CURRENT LIABILITIES | ||||
| Trade Creditors | 23,360,000 | 21,639,000 | 41,602,000 | |
| Misc Current Liabilities | 0 | 521,000 | 451,000 | |
| TOTAL CURRENT | 23,360,000 | 22,160,000 | 42,053,000 | |
| TOTAL LIABS & NET WORTH | 53,336,000 | 55,354,000 | 76,303,000 | |
Profit & Loss
| |
Jan 01, 2013 to Dec 31, 2013 ( Russian Roubles) |
Jan 01, 2014 to Dec 31, 2014 ( Russian Roubles) |
Jan 01, 2015 to Dec 31, 2015 ( Russian Roubles) |
|
| Net Sales | 118,426,000 | 159,392,000 | 238,041,000 | |
| Cost of Goods Sold | 97,811,000 | 143,040,000 | 195,910,000 | |
| Gross Profit | 20,615,000 | 16,352,000 | 42,131,000 | |
| Selling/Admin Expenses | 0 | 0 | ||
| Net Operating Income | 20,615,000 | 16,352,000 | 42,131,000 | |
| Interest Receivable | 264,000 | 374,000 | 2,832,000 | |
| Misc Financial Income | 5,014,000 | 58,169,000 | 44,027,000 | |
| Total Financial Income | 5,278,000 | 58,543,000 | 46,859,000 | |
| Misc Financial Expenses | 7,166,000 | 4,153,000 | 1,863,000 | |
| Total Financial Expenses | 7,166,000 | 4,153,000 | 1,863,000 | |
| Profit Before Taxes | 18,727,000 | 70,742,000 | 87,127,000 | |
| Income Tax | 4,976,000 | 15,396,000 | 18,416,000 | |
| Misc Tax | 251,000 | -333,000 | -1,362,000 | |
| Profit After Tax | 13,500,000 | 55,679,000 | 70,073,000 | |
| Net Profit | 13,500,000 | 55,679,000 | 70,073,000 | |
| |
Jan 01, 2010 to Dec 31, 2010 ( Russian Roubles) |
Jan 01, 2011 to Dec 31, 2011 ( Russian Roubles) |
Jan 01, 2012 to Dec 31, 2012 ( Russian Roubles) |
|
| Net Sales | 80,763,000 | 78,042,000 | 106,814,000 | |
| Cost of Goods Sold | 71,339,000 | 64,010,000 | 93,655,000 | |
| Gross Profit | 9,424,000 | 14,032,000 | 13,159,000 | |
| Selling/Admin Expenses | 0 | 0 | 0 | |
| Net Operating Income | 9,424,000 | 14,032,000 | 13,159,000 | |
| Misc Financial Income | 58,116,000 | 53,352,000 | 1,369,000 | |
| Total Financial Income | 58,116,000 | 53,352,000 | 1,369,000 | |
| Misc Financial Expenses | 59,364,000 | 51,152,000 | 3,866,000 | |
| Total Financial Expenses | 59,364,000 | 51,152,000 | 3,866,000 | |
| Profit Before Taxes | 8,176,000 | 16,232,000 | 10,662,000 | |
| Income Tax | 1,701,000 | 3,445,000 | 2,338,000 | |
| Misc Tax | 94,000 | -14,000 | -49,000 | |
| Profit After Tax | 6,381,000 | 12,801,000 | 8,373,000 | |
| Net Profit | 6,381,000 | 12,801,000 | 8,373,000 | |
Notes on Financials
According to the balance sheet as of Dec 31, 2015.
Financial statement obtained from outside sources on Sep 20, 2016 .
Financial Interviews
On Oct 31, 2016 subject confirmed general details in this report.
Investigation Information
On Oct 31, 2016 local informants stated that:
the actual address of the Company is the same as registered address. Operations office is located at str. 1, 7, ul. 1905 goda, Moscow, 123022 Interafx-D&B specializes in providing business information on companies all over the world, as well as in providing credit risk assessment and marketing services. The Company is a part of Interfax Information Services Group - www.interfax.com - and is the licensed exclusive supplier of Dun & Bradstreet products and services in the Russian Federation, Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kirghizia, Moldova, Tajikistan, Turkmenistan, Uzbekistan and Ukraine.
Conclusion
Local informants consider the granting of credit for subject's business activities to be a fair trade risk.
Appendices
Country Insight
Stretching over 11 time zones from the Baltic Sea in the west to the Pacific Ocean in the east, Russia is the world's largest country by area. Its 84 geographic sub-entities have varying degrees of autonomy, and vast political and socio-economic discrepancies.The dissolution in 1991 of the Soviet Union (which nominally consisted of Russia and 14 constituent republics) was followed by the erratic presidency of Boris Yeltsin. In 1994, armed conflict broke out over the status of the Caucasian republic of Chechnya, whose authorities sought independence from Russia. Political stability increased under Yeltsin's successor, Vladimir Putin, but has partly been achieved at the expense of a liberal democratic order. Russia is among the world's largest oil producers and has the largest proven reserves of natural gas. A poor business environment and a lack of economic reform have inhibited foreign investment, and the diversification of exports away from their dependence on hydrocarbons is vital.
Russia seeks to develop the Northern Sea shipping route as climate change melts Arctic ice, potentially providing an attractive shortcut linking Europe to Asia.
Should you require further information relating to D&B's Country Insight Products & Services please contact countryinsight@dnb.com.
Customer Service
- Speed of service:
- Typically 4 working days
- SCN:
- 201701185006430384
- Order Date:
- Not Available
Should you require any further information or have any questions, please contact your local Customer Service Centre.
Enquiries should always contain the below minimum details please:
- Full Company Name
- Full Headquarters Address (street, town, country)
- Telephone Number
- Business Identification Number (registration number, chamber of commerce number, VAT number, Government Gazette number)
- Contact Name
- SCN
- Order Date
The information in this report was last updated on Oct 31, 2016.
D&B Rating Glossary
D&B Rating - The D&B Rating consists of two parts, the Financial Strength Indicator and the Risk Indicator.
For example: in the case of a 2A 4 rating, 2A means the financial strength of the business and 4 is the risk indicator.
The Risk Indicator is used in conjunction with the Financial Strength Indicator. The Risk Indicator reflects D&B's opinion of the risk associated with trading with a specific business, notably the likelihood of business continuance or failure over the next 12 months. Created from expert rules systems, the Risk Indicator is refreshed whenever data is loaded onto our databases. Please see the table below for the Risk Indicators and their corresponding values.
| Risk Indicators | |||||||
| 4 | Significant level of risk | Take suitable assurances before extending credit | |||||
| 3 | Greater than average risk | Proceed with transaction but monitor closely | |||||
| 2 | Low risk | Proceed with transaction | |||||
| 1 | Minimal risk | Proceed with transaction - offer terms required | |||||
| - | Insufficient information to assign a risk indicator | No public information or D&B proprietary information available to indicate trading activity | |||||
The Financial Strength Indicator is based on either Net Worth or Issued Capital. The table below contains the possible values.
| Financial Strength Indicator | Range | ||
| Net Worth | Capital | FROM | TO |
| 5A | 5AA | $60 million | And above |
| 4A | 4AA | $25 million | $60 million |
| 3A | 3AA | $12 million | $25 million |
| 2A | 2AA | $2.5 million | $12 million |
| 1A | 1AA | $1.2 million | $2.5 million |
| A | AA | $600,000 | $1.2 million |
| B | BB | $345,000 | $600,000 |
| C | CC | $175,000 | $345,000 |
| D | DD | $120,000 | $175,000 |
| E | EE | $60,000 | $120,000 |
| F | FF | $35,000 | $60,000 |
| G | GG | $15,000 | $35,000 |
| H | HH | 0 | $15,000 |
| Alternate Ratings Used | |||
| N | Financial Strength is negative | ||
| O | Financial Strength is undisclosed | ||
| NB | New Business: Less than 24 months | ||
| NQ | Out of Business: Business has ceased to trade | ||
Financial Ratio Glossary
Key Business Ratios are used to identify irregularities in the status and future potential of a company.
| Name | Formula | Explanation |
| Current Ratio (x) | Total Current Assets / Total Current Liabilities | This ratio shows the cover by current assets of short term creditors, and the higher the ratio the more assurance there is that payment of creditors can be met. |
| Solvency Ratio % | ((Current Liabilities + Long Term Liabilities) / Tangible Net Worth) x 100 | From this can be seen the extent to which the company is financed by creditors and debt rather than permanent finance. The higher the ratio the more likely it is that debt (either short term or long term) will be a burden to the company. The effect is higher interest charges, lower profits and a squeeze on liquidity to the disadvantage of creditors. |
| Fixed Assets to Net Worth (%) | (Total Fixed Assets / Tangible Net Worth)x 100 | The proportion of net worth that consists of fixed assets will vary greatly from industry to industry, but in general terms a company is under capitalised if fixed assets exceed net worth. In this case it is possible that the company has too much debt, and it should therefore be examined with care. If on the other hand fixed assets are much lower than net worth the company is over capitalised and is either extremely cautious or in a position to expand. thus a ratio either well in excess of the median, or well below it, means that the company should be looked at with care. |
| Current Liabilities to Net Worth (%) | (Total Current Liabilities / Tangible Net Worth) x100 | This contrasts the funds that creditors are temporarily risking with a company with the funds permanently invested by the owners. The higher the ratio the less security for creditors. Care should be exercised when selling to any company with creditors of less than one year exceeding two thirds of net worth. |
| Asset Turnover (%) | (Turnover / Total Assets(including Intangibles)) x 100 | This ratio measures how efficient the company's management has been in generating sales from the assets at its disposal. The measure can vary considerably from industry to industry and should therefore be judged according to the industry norm. |
| Sales to net working capital (x) | Turnover / Net working capital * | This ratio indicates whether a company is overtrading (handling an excessive volume of sales in relation to working capital). Companies with substantial sales gains often reach a level where their working capital becomes strained. Even if they maintain an adequate total investment for the volume being generated (assets to sales) that investment may be so centred in fixed assets or other non-current items that it will be difficult to continue meeting all current obligations. A ratio falling into either an extremely high or low position may indicate potential problems. |
| Assets to Sales (%) | (Total Assets(including Intagibles) / Turnover) x 100 | This correlates sales with the total investment that is used to generate those sales. By comparing a company's ratio with industry norms it can be be determined whether the business is overtrading or conversely, carrying more assets than needed for its sales volume. Abnormally low ratios can indicate overtrading which may lead to financial difficulties if not corrected. Extremely high ratios can be the result of a too conservative management or too low a level of turnover. |
| Profit Margin (%) | (Profit before Tax / Turnover) x 100 | This reveals the profits earned per pound of sales and therefore measures the efficiency of the operation. This ratio is an indicator of the business'ability to withstand adverse conditions such as falling prices, rising costs or declining sales |
| Shareholders' Return (%) | (Profit before Tax / Tangible Net Worth*) x 100 | This ratio is used to analyse the ability of the company's management to realise an adequate return on the capital invested by the owners of the business. There is a tendency to look increasingly to this ratio as a final measure of profitability. Generally, a relationship of at least 10% is regarded as desirable for providing dividends plus funds for future growth. |
| Return on assets (%) | (Profit before Tax / Total Assets) x 100 | This is the key indicator of profitability for a company it matches operational profits with the assets available to earn a return. Companies using their assets efficiently will have a relative high return while less well run businesses will have a relatively low return |
| Sales per Employee (000) | Turnover / Employees | This gives an indication of the efficiency of the labour force. This ratio will vary considerable from industry to industry |
| Profit per Employee (000) | Profit before Tax / Employees | This ratio gives a guide as to how effectively the labour force is utilised, and is the best way to measure productivity of labour investment |
Glossary of Local Activity Code
| Country | Local Activity Code Type |
| Bosnia | NACE Rev 2 |
| Bulgaria | NACE Rev 2 |
| Croatia | NACE Reve 2 |
| Estonia | EMTAK |
| Greece | NACE Rev 2 |
| Iceland | ISAT 2008 |
| Romania | NACE Rev 2 |
| Serbia | NACE Rev 2 |
| Slovenia | NACE Rev 2 |
Glossary of Legal Forms
| Legal Form | Legal Form (local) | |
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| State Owned Concern | �������������� �+������+����������, ������������� �� �+������ ��+������������� ���+�����+������ | |
| State Owned Concern | �������������� �+������+����������, ������������� �� �+������ �������������������� ���������� | |
| Public Joint Stock Company | ��������������� ���������������� ������������ | |
| Partnership | ��������������������� ������������������ � ������������ | |
| General Partnership | ���+����� ������������������ | |
| Co operative co | ����������������������� ����+����������� | |
| Co operative co | ��������������������� (�������+����������) �������������� | |
| Joint Stock Company | ����������������� ������������ | |
| Partnership | ������������������ �� ������� | |
| Limited Liability Company | ������������� �� ��������������� �������������������������� | |
| Unlimited company | ������������� �� ���+��+�������+����� �������������������������� | |
| Private Joint Stock Company | �������������� ���������������� ������������ | |
| State Owned Concern | ������������� �������������� �+������+���������� | |
| Social enterprise | ���������������� �+����, ����+������������� ������+�+�������������+� ����������������+� | |
| Partnership | ������������������, ������������������� ��+� ��������� ������+�+�������������� ������������������ | |
| Cooperative | ��������������� �������������������� (�������+����������) ������������� | |
| Social organization | ��������� ����������������� ����+�����������+��������� | |
| Syndicate | �����������-�+����+�����+�������� ������+�+�� | |
| Social organization | �����������������+������� ������������������� ����+����+�����+������ | |
| Social organization | ����������������� | |
| State Owned Concern | ������������������������ �����+�������� | |
| Social organization | �������������������� � �����+����������� �������������� (���������������) | |
| Social organization | �������������������� ����������� | |
| Co operative co | ���������������+�������� ����+����������� | |
| Partnership | ������������ ������������������ | |
| General Partnership | ������� | |
| Social organization | ��������� ������+�+�������������� �������������� | |
| Foreign company | ������������������+�������� � ����+���+�� | |
| Proprietorship | ������������+������� �+������+������+������+� | |
| Syndicate | ��������� �������������������� ������� | |
| General partnership | ���������������� ����������������� �+��� (�������������� � ���������) | |
| Partnership | ������������������ ����������������� ����+���� | |
| Partnership | �������+�+�������������� �+���������������� | |
| Social organization | ���������+����� ������+�+�������������� �������������� | |
| Legal form not ascertained | ������� �������������������� �+���� | |
| Proprietorship | ��������������� ����� �+���� ����������������� �+����, �����������+������� �+������+������+������+� | |
Glossary of Currencies
| Abbrev. | Currency Name | Abbrev. | Currency Name |
| AMD | Armenian Dram | LAT | Latvian Lats |
| AZM | Azerbaijani Manat (New) | LEI | Romanian Lei (Old) |
| AZN | Azerbaijani Manat (New) | LEK | Albanian Lek |
| BAM | Bosnia-Herzegovina Convertible Mark | LEV | Bulgarian Levs |
| BLR | Belarusian Rouble | LTS | Lithuanian Litas |
| RSD | Serbian Dinar | MAL | Maltese Lira |
| CYL | Cypriot Pounds | MLL | Moldovan Leu |
| DRA | Greek Drachma | RON | Romanian Lei (New) |
| EUR | Euro | ROU | Russian Roubles |
| EEK | Estonian Kroon | TJS | Tajik Somoni |
| GBL | Gibraltan Pounds | TKM | Turkmen Manat |
| GEL | Georgian Lari | TUL | Turkish Lira (old) |
| HRD | Croatian Dinar | UKL | Pounds Sterling UK |
| HRK | Croatian Kuna | USD | U S Dollars |
| HRY | Ukrainian Hryvnia | UZS | Uzbekistani Sum |
| IKR | Icelandic Krona | YTL | Turkish Lira (new) |
| KYS | Kyrgyzstani Som | YUD | Yugoslavian Dinar |
| KZT | Kazakhstani Tenge | ZWD | Zimbabwe Dollars |
Glossary of Key Expressions
| National Revenue Agency | State body responsible for establishing, securing and collecting public receivables and certain statutory private receivables |
| Tax Debts | Debt associated with the failure to pay taxes to the federal or state government |
| Court Debt Settlement Procedure | Legal process of reorganization of the debtor in financial difficulties |
| Frozen Bank Accounts | Unpaid receivables can file to the court of justice for payment, the debtor's has a legal time period to settle debts or their bank accounts are and remain frozen until the debt is covered |
| SODRA | Delays in paying mandatory Social Security Tax (Lithuania) |
Confidentiality
CONFIDENTIAL....THIS INFORMATION IS PROVIDED BY D&B EUROPE LTD SUBJECT TO THE TERMS AND CONDITIONS OF YOUR SUBSCRIPTION CONTRACT AND IS NOT TO BE DISCLOSED.
This report is forwarded to the Subscriber in strict confidence for the use by the Subscriber as one factor to consider in connection with credit and other business decisions. This report contains information compiled from information which Dun & Bradstreet does not control and which has not been verified unless otherwise indicated in this report. Dun & Bradstreet therefore cannot accept responsibility for the accuracy, completeness or timeliness of the report. Dun & Bradstreet disclaims all liability for any loss or damage arising out of or in anyway related to the contents of this report.
COPYRIGHT 2017 DUN & BRADSTREET. THIS REPORT MAY NOT BE REPRODUCED IN WHOLE OR IN PART IN ANY FORM OR MANNER WHATSOEVER.