MIRA INFORM REPORT

Report Date :

11.07.2014

IDENTIFICATION DETAILS

Name :	OOO KARGO SPB

Registered Office :	UL Nekrasova D 58, Kv 107, 191014 G Sankt-Peterburg

Country :	Russia

Financials (as on) :	31.12.2012

Date of Incorporation :	06.04.2007

Com. Reg. No.:	1077847249743

Legal Form :	Limited liability companies

Line of Business :	· Processing and preserving of fruit and vegetables · Manufacture of grain mill products · Manufacture of grain mill products · Wholesale of machinery and equipment.

No. of Employees	Not Available

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Moderate
Payment Behaviour :	Slow but correct
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, 2014

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Russia

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

RUSSIA ECONOMIC OVERVIEW

Russia has undergone significant changes since the collapse of the Soviet Union, moving from a globally-isolated, centrally-planned economy towards a more market-based and globally-integrated economy, but stalling as a partially reformed, statist economy with a high concentration of wealth in officials' hands. 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. Russia is one of the world's leading producers of oil and natural gas and is also a top exporter of metals such as steel and primary aluminum. Russia's manufacturing sector is generally uncompetitive on world markets and is geared toward domestic consumption. Russia's reliance on commodity exports makes it vulnerable to boom and bust cycles that follow the volatile swings in global prices. The economy, which had averaged 7% growth during 1998-2008 as oil prices rose rapidly, 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. Slowly declining oil prices over the past few years and difficulty attracting foreign direct investment have contributed to a noticeable slowdown in GDP growth rates. In late 2013, the Russian Economic Development Ministry reduced its growth forecast through 2030 to an average of only 2.5% per year, down from its previous forecast of 4.0 to 4.2%. In 2014, following Russia's military intervention in Ukraine, prospects for economic growth declined further, with expections that GDP growth could drop as low as zero

Source : CIA

Company name and address

OOO "KARGO SPB"

UL NEKRASOVA D 58, KV 107,
191014 G SANKT-PETERBURG

Tel: 74955721988

Company summary

Legal form	Limited liability companies (OOO)
Established on		06/04/2007 - Limited liability companies (OOO)

Registered on	06/04/2007, MEZHRAYONNAYA IFNS ROSSII N 15 PO SANKT-PETERBURGU, RegNr.: 1077847249743 Tax number: 7842356040 Statistical number: 80474189
Registered capital		RUB	10 000,-

Owner	MANANA GEORGIEVNA SALAKAYA		%	100
Sole Executive Body		MANANA GEORGIEVNA SALAKAYA Managing director

General data	Main activity: Wholesale of food
		Full name: Obshchestvo s ogranichennoy otvetstvennostyu "Kargo SPb"

	Short name: OOO "Kargo SPb"

	Residence address: UL NEKRASOVA D 58, KV 107, 191014 G SANKT-PETERBURG Tel: 74955721988
	Under the information from open sources, the actual activity of OOO “Kargo SPb” is wholesale trade of foodstuffs.

Other activities

	Processing and preserving of fruit and vegetables
	Manufacture of grain mill products

	Manufacture of other food products
	Wholesale on a fee or contract basis

	Wholesale of agricultural raw materials and live animals
	Wholesale of household goods

	Wholesale of machinery and equipments
	Other wholesale trade

	Retail sale in non-specialized stores
	Retail sale of food

		Other retail sale of new goods in specialized stores
Annual turnover	31/12/2007		Enterprise turnover	RUB	20 324 000,-

	31/12/2008	Enterprise turnover	RUB	126 861 000,-
	31/12/2011	Enterprise turnover	RUB	362 302 000,-

	31/12/2012		Enterprise turnover	RUB	331 168 000,-
Remarks		According to the research, through the managing director of OOO “Kargo SPb”, Malana Georgievna Salakaya, the company is affiliated with following legal persons: OOO “KARGO PLYUS” – INN: 7842520109, Saint-Petersburg. She is the managing director and 100% stock shareholder of the company. OOO “Prima-Lyuks” – INN: 4706019378, Saint-Petersburg. The company was excluded from the state register as non-active on 18.11.2011. Malana Georgievna Salakaya was the managing director and 50% stock shareholder of this company. The affiliation through the managing director with other legal subjects has not been revealed. OOO “Kargo SPb” has not participated in court cases. According to the information, disclosed by the Federal Tax Service, OOO “Kargo SPb” does not have tax arrears, the company is not going to be excluded from the state register as non-active. According to the information, disclosed by the Pension Fund of Russian Federation, OOO “Kargo SPb” does not have delays in social payments. According to the information, disclosed by the Federal Labor Service, OOO “Kargo SPb” does not plan to attract foreign employees. According to the research, OOO “Kargo SPb” does not meet the most frequently encountered in practice characteristics of unreliable companies (so-called “shell” companies), developed by the Federal Tax Service of Russian Federation. OOO “Kargo SPb” is not in the list of default debtors, the Register of unfair suppliers, the blacklist of Russian companies. The management of the company is not in the list of default debtors, the register of disqualified persons, the blacklist of Russian Private Persons.

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 sheet

Balance	A 31.12.2011	B 31.12.2012	C
1. ASSETS
Tangible non-current assets	0	0
Intangible, financial and other non-current assets	0	0
Resources	13 908	18 904
Cash and cash equivalents	1 985	65
Financial and other current assets	43 643	12 812
BALANCE	59 536	31 782
2. LIABILITIES
Capital and reserves	412	884
Long-term debt	0	0
Other long-term liabilities	0	0
Short-term borrowings	0	0
Payables	59 124	30 898
Other short-term liabilities	0	0
BALANCE	59 536	31 782
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

Profit And Loss account	A 31.12.2011	B 31.12.2012		C
Turnover	362 302	331 168
Expenditure on ordinary activities	357 520	335 269
Outstanding interest	0	0
Other income	10 466	14 210
Other expenses	14 550	9 517
Taxes on income (profit)	172	120
Net income (loss)	526	472

Ratios			2011		2012

	Quick ratio	n/a	n/a
	Current ratio	n/a	1,03

	Average Collection Period	n/a	n/a
	Payables turnover Period	n/a	n/a

	Debt ratio	n/a	0,97
	Equity to total assets ratio	n/a	0,03

	Funding ratio	n/a	0,03
	Return on sales	n/a	0

	Return on Assets	n/a	0,02
	Return on Equity	n/a	1,07

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.88
UK Pound	1	Rs.102.59
Euro	1	Rs.81.69

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	NIS

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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