MIRA INFORM REPORT

Report No. :	501717
Report Date :	09.04.2018

IDENTIFICATION DETAILS

Name :	OOO MARINEFTGAZ EXPORT
Registered Office :	Krasnoy Armii Street 20B, Lit A,A1,A2, Office 4-24, Ivanovskaya Region, 153000 Ivanovo
Country :	Russia
Date of Incorporation :	07.06.2017
Com. Reg. No.:	OGRN 1173702012703
Legal Form :	Limited Liability Company
Line of Business :	Agents involved in the sale of fuels, ores, metals and industrial chemicals.
No. of Employees :	2

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

NB

Credit Rating	Explanation	Rating Comments
NB	New Business	No recommendation can be done due to business in infancy stage

Status :	New Business
Payment Behaviour :	Unknown
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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
Russia	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately 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 centrally planned economy towards a more market-based system. Both economic growth and reform have stalled in recent years, however, and Russia remains a predominantly 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, transportation, banking, and defense-related sectors. The protection of property rights is still weak, and the state continues to interfere in the free operation of the private sector.

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 is heavily dependent on the movement of world commodity prices as 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 the 1998-2008 period as oil prices rose rapidly, has seen diminishing growth rates since then due to the exhaustion of Russia’s commodity-based growth model.

A combination of falling oil prices, international sanctions, and structural limitations pushed Russia into a deep recession in 2015, with GDP falling by close by 2.8%. The downturn continued through 2016, with GDP contracting another 0.2%, but was reversed in 2017 as world demand picked up. Government support for import substitution has increased recently in an effort to diversify the economy away from extractive industries.

Source : CIA

BRIEF SUMMARY
COMPANY NAME	OOO MARINEFTGAZ EXPORT
ADDRESS	Building	Street			Area			PO Box
	N/A	Krasnoy Armii Street 20B, Lit A,A1,A2, Office 4-24			Ivanovskaya Region			153000 Ivanovo
TEL/FAX	Verified Phone: (+7 495) 203 2473
EMAIL/WEBSITE	Email: inquiry@marineftgazexport.ru / Website: www.marineftgazexport.ru
ACTIVITY	NACE 4612 - Agents involved in the sale of fuels, ores, metals and industrial chemicals;
PRINCIPAL	Aririguzo Julius Akudzhobi					Workforce
	Managing Director					2
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	07/06/2017		OGRN 1173702012703	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			10,000
OPINION ON MAX CREDIT	NOTES			START DATE OF BUSINESS ACTIVITIES
	NB - New Business less than 24 months old			June 2017

IDENTIFICATION
CO. NAME	OOO MARINEFTGAZ EXPORT
ALSO KNOWN NAME (S)	MARINEFTGAZ EXPORT LLC / OOO MARINEFTGAZ EKSPORT
STREET	Krasnoy Armii Street 20B, Lit A,A1,A2, Office 4-24
AREA	Ivanovskaya Region
POSTAL ADDRESS	153000 Ivanovo
CITY	Ivanovo
COUNTRY	Russia
TELEPHONE	(+7 495) 203 2473 / (+7 926) 745 1880 (unattended) / (+7 905) 108 8958
VERIFIED EMAIL	inquiry@marineftgazexport.ru / nikita_nik_18@bk.ru
WEBSITE	www.marineftgazexport.ru
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	10:00-18:00	13:00-14:00
REGISTERED ADDRESS	Krasnoy Armii Street 20B, Lit A,A1,A2, Office 4-24, Ivanovskaya Region, 153000 Ivanovo, Russia

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Aririguzo Julius Akudzhobi aka Magomed	Managing Director
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	2	04.2018
	According to subject’s website, more than 1,000 professionals and 800 employees’ specialized professions are employed. However, according to Federal State Statistics Service of Russian Federation, subject’s listed range of employees are below 15.

FINANCIAL SUMMARY
NOTES	As the Buyer has only recently been established, relevant financial information is not available.

LEGAL STATUS
INCORPORATION	07/06/2017
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1173702012703	Federal Tax Service
OTHER REGISTRATION NO.	INN 3702179481 (Tax Code) / KPP 370201001
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	10,000	RUBLE
PAID-UP CAPITAL	AMOUNT	CURRENCY
	10,000	RUBLE
LEGAL FORM	Limited Liability Company
BUSINESS HISTORY	The Company was incorporated in Russia on 7 June 2017.
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	Aririguzo Julius Akudzhobi Nationality: Nigerian Tax Code: INN 370207721668	100.00%

OPERATION
ACTIVITY CODE (NACE)	NACE 4612 - Agents involved in the sale of fuels, ores, metals and industrial chemicals;
LINE OF BUSINESS	Registered activity: Agents involved in the sale of fuels, ores, metals and industrial chemicals; According to subject’s website, it has facilities in the following: - Rotterdam Terminal; - Primorsk Terminal; - Vladivostok Terminal; - Kozmino Port; - Ust-Luga Port. The officials of the above port/terminals has been contacted and according to its officials OOO Marineftgaz Export does not use or operate any facilities.
IMPORT FROM	Subject does not engage in importing activities.
EXPORT TO	Subject does not engage in exporting activities.
FACILITIES	Office premises located at the heading address.
RELATED COMPANIES	Former Associates: 1. OOO TS Servis Stroyteley Avenue 35 Ivanovo 153000 Est.: 10/02/2006 Tax Code: INN 3702086621 Sole Shareholder: Aririguzo Julius Akudzhobi Status: Liquidated Date of Liquidation: 10/01/2011 2. OOO Izolit Timiryazevskaya Street 30/2 Moscow 127422 Russia Est.: 23/08/2010 Tax Code: INN 7713712525 Managing Director: Aririguzo Julius Akudzhobi Status: Liquidated Date of Liquidation: 18/04/2016 3. OOO Yagons Filevskaya Street 24/1 Moscow 121433 Russia Est.: 23/08/2010 Tax Code: INN 7731655171 Managing Director: Aririguzo Julius Akudzhobi Status: Liquidated Date of Liquidation: 05/02/2018 4. IP Aririguzo Julius Akudzhobi Ivanovo Est.: 04/06/2012 OGRNIP: 312370215600084 Status: Liquidated Date of Liquidation: 26/02/2015

PAYMENT
CREDIT OPINION	NB - New Business less than 24 months old. No trade experience of payments is available.
CREDIT LIMIT RECOMMENDATION	As the subject has recently been established and has no financial or payment track record, we recommend dealing on fully secured terms.
FINANCIAL STRENGTH	Significant level of risk
EMPLOYEE RANGE	ER8

SPECIAL REMARKS
INTERVIEWED	Aririguzo Julius Akudzhobi aka Magomed (Managing Director).

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.98
UK Pound	1	INR 90.95
Euro	1	INR 79.51
RUB	1	INR 1.12

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRI
Report Prepared by :	TPT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.