MIRA INFORM REPORT

Report No. :	345130
Report Date :	16.10.2015

IDENTIFICATION DETAILS

Name :	OOO "KOM SPAN"

Registered Office :	Nab Kosmodamianskaya D 40-42, Str 3, Pom Tarp Tsao, 115035 G Moskva

Country :	Russia

Date of Incorporation :	12.05.2006

Legal Form :	Limited liability companies

Line of Business :	Wholesale of pharmaceutical goods

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

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, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Russia

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 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. In 2014, economic growth declined further when Russia forcibly violated Ukraine’s sovereignty and territorial integrity, and interfered in Ukraine’s internal affairs. In the second half of 2014, the Russian ruble lost about half of its value, contributing to increased capital outflows that reached $151.5 billion for the year; the ruble remains volatile. Declining oil prices, lack of economic reforms, and the imposition of foreign sanctions have contributed to the downturn and created wide expectations the economy will continue to slump. In April 2015, the Russian Ministry of Economic Development predicted that the Russia’s economy will contract by 3% in 2015, and average only 2.5% growth through 2030.

Source : CIA

Company name and address

OOO "Kom Span"

nab Kosmodamianskaya d 40-42, str 3, POM TARP TSAO, 115035 g Moskva

Tel: 74954344506
E-Mail: komspan@gmail.com

Company Summery

Company development

Constant company development.

(31)

Business course	Satisfactory order situation.	(31)
Terms of payment	Slow but correct	(39)

Business connection

Business connection is not denied. Credit is not assigned, it requires securities.

(41)

Legal form	Limited liability companies (OOO)
Established on	12/05/2006 - Limited liability companies (OOO)

Registered on	12/05/2006, Mezhrayonnaya inspektsiya Federalnoy nalogovoy sluzhby № 46 po g. Moskve, RegNr.: 1067746589998 Tax number: 7705731041 Statistical number: 95531668
Registered capital		RUB	10 000,-

Owner	Dkharmendra CHandulal Raval	%	100
Sole Executive Body	Dkharmendra CHandulal Raval Managing director

General data	Main activity: Wholesale of pharmaceutical goods	(51.46.1)
	Full name: Obshchestvo s ogranichennoy otvetstvennostyu "Kom Span"

	Short name: OOO "Kom Span"

	Residence address: nab Kosmodamianskaya d 40-42, str 3, POM TARP TSAO, 115035 g Moskva Tel: 74954344506 E-Mail: komspan@gmail.com
	Office address: nab Kosmodamianskaya d 40-42, str 3, POM TARP TSAO, 115035 g Moskva

Other activities

Manufacture of medical and surgical equipment and orthopaedic appliances	(33.1)
Manufacture of medical and surgical equipment and orthopaedic appliances	(33.10.9)

Manufacture of instruments and appliances for measuring	(33.2)
Maintenance and repair of motor vehicles	(50.20)

Sale of motor vehicle parts and accessories	(50.30)
Wholesale on a fee or contract basis	(51.1)

Agents involved in the sale of textiles	(51.16)
Agents involved in the sale of a variety of goods	(51.19)

Wholesale of textiles	(51.41)
Wholesale of pharmaceutical goods	(51.46)

Wholesale of pharmaceutical goods	(51.46.2)
Other wholesale trade	(51.70)

Dispensing chemists	(52.31)
Retail sale of medical and orthopaedic goods	(52.32)

Retail sale of textiles	(52.41)
Retail sale of furniture	(52.44.4)

Annual turnover

31/12/2006	Enterprise turnover	RUB	0,-
31/12/2007	Enterprise turnover	RUB	1 003 000,-

31/12/2008	Enterprise turnover	RUB	16 636 000,-
31/12/2009	Enterprise turnover	RUB	34 069 000,-

31/12/2010	Enterprise turnover	RUB	32 385 000,-
31/12/2011	Enterprise turnover	RUB	48 588 000,-

31/12/2012	Enterprise turnover	RUB	64 287 000,-
31/12/2013	Enterprise turnover	RUB	88 121 000,-

Remarks

The main activity of OOO “Kom Span” is wholesale trade of pharmaceuticals.
According to the research, through the managing director of OOO “Kom Span”, Raval Dharmendra Kumar Chandulal, the company is affiliated with following legal persons:
OOO “HELSPROM” – OGRN: 1027700489497, Moscow. Raval Dharmendra Kumar Chandulal was the director of this company.
Affiliation through the managing director with other legal subjects has not been revealed.
The subject did not participate in court cases.
The company had state contracts on the total sum:
In 2015: 12 497 619 RUB;
In 2014: 11 634 754 RUB;
In 2013: 18 465 364 RUB;
In 2012: 14 582 497 RUB;
In 2011: 2 151 800 RUB.
According to the information, disclosed by the Federal Tax Service, OOO “Kom Span” 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 “Kom Span” does not have delays in social payments.
According to the research, OOO “Kom Span” 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 “Kom Span” 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) - Warning! The figures stated in the balance sheet may contain error(s).
B. The enclosed balance of 2012 is originated from official source, no data available about authentication. (31.12.2012 - 1000 RUB) - Warning! The figures stated in the balance sheet may contain error(s).
C. The enclosed balance of 2013 is originated from official source, no data available about authentication. (31.12.2013 - 1000 RUB) - Warning! The figures stated in the balance sheet may contain error(s).

Balance sheet

balance	A 31.12.2011	B 31.12.2012	C 31.12.2013
1. ASSETS
I. FIXED ASSETS
Intangible assets	0	0	0
The results of research and development	0	0	0
Intangible research assets	0	0	0
Tangible research assets	0	0	0
Fixed assets	194	135	1 568
Profitable investments in tangible assets	0	0	0
Financial investments	0	0	0
Deferred tax assets	0	0	0
Other non-current assets	0	0	0
TOTAL IN SECTION I.	194	135	1 568
II. CURRENT ASSETS
Inventories	17 091	22 045	31 160
VAT on acquired assets	0	109	390
Accounts receivable	17 458	18 319	16 749
Financial investments (excluding the monetary equivalent)	0	0	0
Cash and monetary equivalents	1 159	10 427	15 176
Other current assets	144	141	232
TOTAL IN SECTION II.	35 851	51 041	63 707
BALANCE	36 045	51 176	65 275
2. LIABILITIES
III. CAPITAL AND RESERVES
Authorized capital (share capital, charter capital, deposits capital, partners capital)	10	10	10
Treasury stock	0	0	0
Revaluation of fixed assets	0	0	0
Additional capital (without revaluation)	0	0	0
Reserve capital	0	0	0
Retained earnings (uncovered loss)	5 429	14 495	5 463
TOTAL IN SECTION III.	5 439	14 505	5 473
IV. LONG-TERM LIABILITIES
Borrowed funds	0	0	0
Deferred tax liabilities	0	0	0
Provisions	0	0	0
Other liabilities	0	0	0
TOTAL IN SECTION IV.	0	0	0
V. SHORT-TERM LIABILITIES
Borrowed funds	0	0	0
Payables	30 605	36 671	59 802
Deferred income	0	0	0
Provisions	0	0	0
Sonstige Verbindlichkeiten	0	0	0
TOTAL IN SECTION V.	30 605	36 671	59 802
BALANCE	36 045	51 176	65 275
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) C. The enclosed profit and loss account of 2013 is originated from official source, no data available about authentication. (31.12.2013 - 1000 RUB)

profit and loss account

	A 31.12.2011	B 31.12.2012	C 31.12.2013
Turnover	48 588	64 287	88 121
Cost of sales	27 156	37 871	78 098
Gross profit (loss)	21 432	26 416	10 023
Selling expenses	18 596	0	0
Administrative expenses	0	20 048	3 431
Sales profit (loss)	2 836	6 368	6 592
Earnings from other entities	0	0	0
Interest receivable	0	0	0
Interest payable	0	0	0
Other operating income	1 772	540	373
Other operating expenses	1 634	3 051	1 502
Profit (loss) before tax	2 974	3 857	5 463
Current profit tax	0	0	0
Permanent tax liabilities (assets)	0	0	0
Change in deferred tax liabilities	0	0	0
Change in deferred tax assets	0	0	0
Different	0	0	0
Net profit (loss)	2 974	3 857	5 463
Results of fixed assets revaluation, non-includedin net profit/loss for period	0	0	0
Result of other transactions, non included in net profit/loss for period	0	0	0
Total financial result for period	2 974	3 857	5 463

Ratios

	2011	2012	2013
Current ratio	1,17	1,39	1,07

Quick ratio	0,61	0,79	0,54
Average Collection Period	134	102	72,63

Payables turnover Period	396	324	225
Debt ratio	0,85	0,72	0,92

Equity to total assets ratio	0,15	0,28	0,08
Funding ratio	0,18	0,4	0,09

Return on sales	6,12	6	6,2
Return on Assets	8,9	8,84	9,38

Return on Equity

75,06

38,68

54,69

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.64.82
UK Pound	1	Rs.100.41
Euro	1	Rs.74.50

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	TRU

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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