MIRA INFORM REPORT

Report No. :	502038
Report Date :	09.04.2018

IDENTIFICATION DETAILS

Name :	OOO MERIDIAN
Registered Office :	Mitrofanyavskoye Highway 2, Block 1, Lit K, Apartment 10N, Admiralteyskiy District, Saint Petersburg 198095
Country :	Russia
Financials (as on) :	31.12.2015
Date of Incorporation :	27.09.2013
Com. Reg. No.:	OGRN 1137847363257
Legal Form :	Limited Liability Company
Line of Business :	Providers of Transportation and Freight Forwarding Services.
No. of Employees :	Up to 15

RATING & COMMENTS

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

MIRA’s Rating :

D

Credit Rating	Explanation	Rating Comments
D	High Risk	Business dealing not recommended or on secured terms only

Status :	Liquidated
Payment Behaviour :	--
Litigation :	--

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 MERIDIAN
ADDRESS	Building	Street			Area			PO Box
	Admiral Business Center, Office 20	Mitrofanyavskoye Highway 2, Block 1, Lit K, Apartment 10N			Admiralteyskiy District			Saint Petersburg 198095
TEL/FAX	Verified Phones: (+7 812) 567 4528 (out of service) / (+7 812) 441 3753 (Admiral Business Center)
ACTIVITY	NACE 5229 - Other transportation support activities; NACE 4941 - Freight transport by road;
PRINCIPAL	Evgeniy Eduardovich Rakhmaninov					Workforce
	Managing Director					up to 15
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	27/09/2013		OGRN 1137847363257	LLC			Liquidated
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			100,000
OPINION ON MAX CREDIT	NOTES			AMOUNT
	NQ – Liquidated/Ceased Trading			Current experience of payments has not been traced.

IDENTIFICATION
CO. NAME	OOO MERIDIAN
ENQUIRED NAME	LLC MERIDIAN
BUILDING	Admiral Business Center, Office 20
STREET	Mitrofanyavskoye Highway 2, Block 1, Lit K, Apartment 10N
AREA	Admiralteyskiy District
POSTAL ADDRESS	Saint Petersburg 198095
CITY	Saint Petersburg
COUNTRY	Russia
TELEPHONE	(+7 812) 567 4528 (out of service) / (+7 812) 441 3753 (Admiral Business Center) *
NOTES *	As the subject is liquidated, subject’s landline phone number has been disconnected. According to administration of “Admiral Business Center”, OOO MERIDIAN was leasing 1,200 sq. m. office premises until mid-2017 and they had no knowledge about subject’s current whereabouts.
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri (when in operations)	09:00-18:00	13:00-14:00
REGISTERED ADDRESS	Mitrofanyavskoye Highway 2, Block 1, Lit K, Apartment 10N, Admiralteyskiy District, Saint Petersburg 198095, Russia
FORMER ADDRESS	Babushkina Street 42, Saint Petersburg

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Evgeniy Eduardovich Rakhmaninov	Managing Director
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	up to 15 * * According to Federal State Statistics Service of Russian Federation.	01.2017

FINANCIAL SUMMARY
REVENUE	31/12/2015	31/12/2014
	RUBLE 14,098,000	RUBLE 12,583,000
NET PROFIT / (LOSS)	31/12/2015	31/12/2014
	RUBLE (-278,000)	RUBLE 777,000
PROFIT BEFORE TAX	RUBLE 115,000 as of 31/12/2015
FISCAL YEAR-END	31 December

LEGAL STATUS
INCORPORATION	27/09/2013
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1137847363257	Federal Tax Service
OTHER REGISTRATION NO.	INN 7810761849 (Tax Code) / KPP 783901001 / OKPO 31000436 (Statistics Code) / OKTMO 40305000000
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	100,000	RUBLE
PAID-UP CAPITAL	AMOUNT	CURRENCY
	100,000	RUBLE
LEGAL FORM	Limited Liability Company
BUSINESS HISTORY	The subject was incorporated in Russia on 27 September 2013. On 21 April 2017, subject commenced liquidation process. On 29 March 2018, subject was liquidated.
STATUS	Liquidated
SHAREHOLDERS	NAME	PERCENTAGE
	Evgeniy Eduardovich Rakhmaninov Nationality: Russian Tax Code: INN 781641227371	100.00%

OPERATION
ACTIVITY CODE (NACE)	NACE 5229 - Other transportation support activities; NACE 4941 - Freight transport by road;
LINE OF BUSINESS	Providers of transportation and freight forwarding services.
IMPORT FROM	Details of subject’s imports could not be learnt.
EXPORT TO	Details of subject’s exports could not be learnt.
FORMER TRADE REFERENCES	OOO Multidom Trading Vvedenskogo Street 8, Bldg 2 Moscow 117342 Tax Code: INN 5027132853 Website: www.multidom.ru
FACILITIES	Rented 1,200 sq. m. office premises was located at the heading address.
RELATED COMPANIES	Former Associates: 1. Firma Lindco International Transports ZAO Konstitutsii Street 2, Office 614 Saint Petersburg Tel: +(7 812) 118 4448 (out of service) Est.: 1993 Status: Liquidated 2. OOO Yunicargo Nab. Obvodnogo Kanala 150/335 Saint Petersburg 190020 Russia Est.: 15/02/2011 Tax Code: INN 7839439112 Status: Liquidated Date of Liquidation: 23/12/2016

FINANCIAL INFORMATION
CURRENCY	RUBLE
NOTES	The following financial highlights as at 31 December 2015 showed (latest available): 31/12/2015 31/12/2014 (in RUBLE) ASSETS Non-current assets Fixed assets 97,000 169,000 Total non-current assets 97,000 169,000 Current assets Stock 0 0 Value added tax on purchased valuables 49,000 0 Trade receivables 87,380,000 35,299,000 Cash equivalents 2,514,000 1,379,000 Total current assets 89,943,000 36,678,000 TOTAL ASSETS 90,040,000 36,848,000 EQUITY & LIABILITIES Total Equity 313,000 599,000 Total long-term liabilities 0 0 Short-term Liabilities Accounts payable 89,727,000 36,248,000 Total Short-term Liabilities 89,727,000 36,248,000 TOTAL EQUITY & LIABILITIES 90,040,000 36,848,000 INCOME STATEMENT Revenue 14,098,000 12,583,000 Cost of Sales 0 (12,106,000) Gross Profit 14,098,000 477,000 Administrative expenses (14,090,000) 0 Profit(loss) from sales 8,000 477,000 Other income and expenses Interest payable 0 (77,000) Other income 10,720,000 4,346,000 Other expenses (10,613,000) (3,597,000) Profit(loss) before taxation 115,000 1,149,000 Current income tax 0 (372,000) Net Profit(loss) (278,000) 777,000

PAYMENT
CREDIT OPINION	NQ – Liquidated/Ceased Trading. Current experience of payments has not been traced.
CREDIT LIMIT RECOMMENDATION	As the company has liquidated and therefore the question of international credit should not arise.
FINANCIAL STRENGTH	No classification (see above comments).
EMPLOYEE RANGE	ER8

SPECIAL REMARKS
INTERVIEWED	Third Party Sources.
COMMENTS	You enquired on: LLC MERIDIAN. Please note that this name applies to an English translation of the subject’s name. Subject’s correct registered name is as per heading.

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 1.09

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

INFORMATION DETAILS

Analysis Done by :	NIY
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.