MIRA INFORM REPORT

Report Date :

28.11.2013

IDENTIFICATION DETAILS

Name :	OOO "FRUKTORG"
Registered Office :	Naberezhnaya UL D 1, 142702 G Vidnoe
Country :	Russia
Financials (as on) :	31.12.2012
Date of Incorporation :	04.05.2010
Com. Reg. No.:	1105003003247
Legal Form :	Limited Liability Companies (OOO)
Line of Business :	· Dispensing chemists · Processing and preserving of fruit and vegetables
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	No complaints
Litigation :	Clear

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March, 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
Russia	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

RUSSIA - ECONOMIC OVERVIEW

Russia has undergone significant changes since the collapse of the Soviet Union, moving from a globally-isolated, centrally-planned economy to a more market-based and globally-integrated economy. Economic reforms in the 1990s privatized most industry, with notable exceptions in the energy and defense-related sectors. The protection of property rights is still weak and the private sector remains subject to heavy state interference. In 2011, Russia became the world's leading oil producer, surpassing Saudi Arabia; Russia is the second-largest producer of natural gas; Russia holds the world's largest natural gas reserves, the second-largest coal reserves, and the eighth-largest crude oil reserves. Russia is also a top exporter of metals such as steel and primary aluminum. Russia's reliance on commodity exports makes it vulnerable to boom and bust cycles that follow the volatile swings in global prices. The government since 2007 has embarked on an ambitious program to reduce this dependency and build up the country's high technology sectors, but with few visible results so far. The economy had averaged 7% growth in the decade following the 1998 Russian financial crisis, resulting in a doubling of real disposable incomes and the emergence of a middle class. The Russian economy, however, was one of the hardest hit by the 2008-09 global economic crisis as oil prices plummeted and the foreign credits that Russian banks and firms relied on dried up. According to the World Bank the government's anti-crisis package in 2008-09 amounted to roughly 6.7% of GDP. The economic decline bottomed out in mid-2009 and the economy began to grow again in the third quarter of 2009. High oil prices buoyed Russian growth in 2011-12 and helped Russia reduce the budget deficit inherited from 2008-09. Russia has reduced unemployment to a record low and has lowered inflation below double digit rates. Russia joined the World Trade Organization in 2012, which will reduce trade barriers in Russia for foreign goods and services and help open foreign markets to Russian goods and services. At the same time, Russia has sought to cement economic ties with countries in the former Soviet space through a Customs Union with Belarus and Kazakhstan, and, in the next several years, through the creation of a new Russia-led economic bloc called the Eurasian Economic Union. Russia has had difficulty attracting foreign direct investment and has experienced large capital outflows in the past several years, leading to official programs to improve Russia's international rankings for its investment climate. Russia's adoption of a new oil-price-based fiscal rule in 2012 and a more flexible exchange rate policy have improved its ability to deal with external shocks, including volatile oil prices. Russia's long-term challenges also include a shrinking workforce, rampant corruption, and underinvestment in infrastructure.

Source : CIA

Company name & address

OOO "FRUKTORG"

NABEREZHNAYA UL D 1, 142702 G VIDNOE 

Tel: 74985403815

Company development

Constant company development.

Business course	Retrograde order situation.
Terms of payment	As far as know, punctually.

Business connection

Business connection appears permissable.

Company identification

Legal form Limited liability companies (OOO)

Established on

04/05/2010 - Limited liability companies (OOO)

Registered on	04/05/2010, Mezhrayonnaya inspektsiya FNS № 14 po Moskovskoy oblasti,  RegNr.: 1105003003247 Tax number: 5003079287 Statistical number: 66131028
Registered capital		RUB	15 000,-

Owner	ZISHAN KOREYSHI		%	100
Sole Executive Body		ZISHAN KOREYSHI Managing director

General data	Main activity: Dispensing chemists
		Full name: OOO "FRUKTORG"

Short name:

OOO "FRUKTORG"

	Residence address: NABEREZHNAYA UL D 1, 142702 G VIDNOE Tel:74985403815
Other activities

:

Processing and preserving of fruit and vegetables

Manufacture of other food products

Agents involved in the sale of textiles

Wholesale of food

Wholesale of fruit and vegetables

Wholesale of other food

Wholesale of household goods

Retail sale in non-specialized stores with food

Other retail sale in non-specialized stores

Retail sale of food

Retail sale of fruit and vegetables

Other retail sale of new goods in specialized stores

Retail sale of clothing

Retail sale of footwear and leather goods

Freight transport by road

Cargo handling and storage

Cargo handling

Storage and warehousing

Activities of other transport agencies

Buying and selling of own real estate

Letting of own property

Renting of automobiles

Legal activities

Business and management consultancy activities

Packaging activities

Annual turnover	31/12/2010	Enterprise turnover	RUB	8 344 000,-
	31/12/2011	Enterprise turnover	RUB	238 454 000,-

	31/12/2012		Enterprise turnover	RUB	130 786 000,-
Remarks		According to the official sources the main activity of OOO "Fruktorg" is whole sale of fruits and vegetables. The subject does not disclose much information about itself. OOO "Fruktorg" does not have web-site. During the research no affiliation of the subject was found out through the managing director, ZISHAN KOREYSHI The subject did not participate in court cases There is no negative information about company in open sources.

Financials

A. The enclosed balance of 2011 is originated from official source, no data available about authentication. (31.12.2011 - 1000 RUB)

B. The enclosed balance of 2012 is originated from official source, no data available about authentication. (31.12.2012 - 1000 RUB)

balance	A 31.12.2011	B 31.12.2012	C
1. ASSETS
Tangible non-current assets	909	748
Intangible, financial and other non-current assets	0	0
Resources	137	6 543
Cash and cash equivalents	101	2 464
Financial and other current assets	11 584	17 608
BALANCE	12 731	27 363
2. LIABILITIES
Capital and reserves	561	829
Long-term debt	0	0
Other long-term liabilities	0	0
Short-term borrowings	0	0
Payables	12 170	26 533
Other short-term liabilities	0	0
BALANCE	12 731	27 363

A. The enclosed profit and loss account of 2011 is originated from official source, no data available about authentication. (31.12.2011 - 1000 RUB)

B. The enclosed profit and loss account of 2012 is originated from official source, no data available about authentication. (31.12.2012 - 1000 RUB)

profit and loss account	A 31.12.2011	B 31.12.2012	C
Turnover	238 454	130 786
Expenditure on ordinary activities	234 912	129 732
Outstanding interest	0	0
Other income	1 015	2 109
Other expenses	3 916	2 761
Taxes on income (profit)	265	145
Net income (loss)	376	257

Ratios		2011	2012
	Quick ratio	0,92	n/a
	Current ratio	0,22	1

Average Collection Period	12,26	n/a
Payables turnover Period	22,17	n/a

Debt ratio	0,96	0,97
Equity to total assets ratio	0,04	0,03

Funding ratio	0,05	0,03
Return on sales	0,16	0

Return on Assets	5,04	0,01
Return on Equity	101	0,62

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.36
UK Pound	1	Rs.101.11
Euro	1	Rs.84.68

INFORMATION DETAILS

Report Prepared by :

NNA

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
----	NB	New Business	----

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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