Commercial Credit Report for Armavirskiy Zavod Rezinovykh Izdeliy AO

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	Armavirskiy Zavod Rezinovykh Izdeliy AO
ul. Novorossiyskaya, 2/4
Phone: +7 8613742190p:+7 8613742190	ARMAVIR, 352931 Russian Federation	Ticker: azriazri

On March 4, 2022, CreditRiskMonitor.com, Inc. suppressed the FRISK® score of all publicly listed Russian and Ukrainian-based companies trading domestically due to the closure of their respective stock markets. The halt of trading in a counterparty’s securities is never a positive signal for creditors or suppliers, but especially in situations where the prices of those securities were above book value before the halt. The loss of liquidity optionality from equity markets inherently increases the bankruptcy risks for any business and dealing with businesses who have lost this financing option should be strongly scrutinized. Stock Market data is one of the essential components used in the daily calculation of the FRISK®. The omission of this data can reduce the score's effectiveness in predicting bankruptcy risk for companies trading within these markets. In addition, any analysis based on previously reported financials should be used with caution in this environment. We are continuing to monitor the Russia-Ukraine conflict and plan to reevaluate the appropriateness of the FRISK® when the affected exchanges have reopened and trading in securities resumes.

Business Summary

Armavirskiy Zavod Rezinovykh Izdeliy AO (AZRI OAO or Armavir Rubber Products Plant OJSC) is a Russia-based company engaged in the production of fabricated rubber goods. The Company specializes in the manufacture of products made from natural and synthetic latex, such as sterile and unsterile latex surgical gloves, rubber medical fingertips, technical and insulating gloves, dielectric carpets, as well as sport goods, rubber floor mats and others. AZRI OAO’s products are used for medical, industrial and home purposes. The Company sells its products domestically, as well as exports them to the Commonwealth of Independent States (CIS), mainly to Belarus, Kazakhstan, Uzbekistan, Kyrgyzstan and Ukraine.

Scores and Ratings

FRISK^® Score	Z'' Score	PAYCE^® Score	DBT Index	Moody's Rating	Fitch Rating	DBRS Rating
-	Yes	-	-	-	-	-

Financials, News and Filings

Latest Statement	Last Audit	News	SEC Filings	Bankruptcy Filings	Suit & Judgment Filings	Tax Lien Filings
12/31/2023	12/31/2023	Yes	-	-	-	-

Industries

SIC Code	Description
3069	Fabricated rubber products, not elsewhere classified

Officers and Directors

Title	Name	Age	Title Date	Start Date
Chairman of the Board, Advisor to General Director for Personnel Issues	Evgeny G.Ponomarenko	71	10/23/2015	1/1/2009
General Director (CEO), Director	Natalia V.Simonova	49	10/23/2015	1/1/2009
Director, Human Resources Manager	Egor E.Ponomarenko	47		1/1/2011
3 additional Officers and Directors records available in full report.

General Information

Number of Employees:	357	(As of 9/30/2013)
Outstanding Shares:	500,150	(As of 12/31/2023)
Shareholders:	914
Stock Exchange:	RTB
Fax Number:	+7 8613742190

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