Ice-Fili was originated in a Soviet government established company in 1937 and privatised in 1992. Briefly its business areas are purchase raw materials from abroad, manufacturing ice creams, and distribution them through subsidiary distributors for domestic markets.
In 2001 Ice-Fili's equity amounted to $10,638,000, and with its least liabilities total equity and liabilities was $11,832,000. Over half of the total assets was working capital of $6,338,000. Total sales was $25,147,000, net income was $1,702,000, consequently ROA was 14.4% and ROE was 16.0% (see Exhibit 7). Financially Ice-Fili helps itself on business.
For the most essential raw material to the ice cream taste, Ice-Fili only uses higher percentages of milk fat of high quality as well as high price imported from abroad, which makes difference Ice-Fili from foreign producers. Cost of ingredients forms as much as 42% of manufacturer's price.
Ice-Fili invented for modernization of manufacturing equipments which......
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