MIRA INFORM REPORT

Report No. :	503920
Report Date :	17.04.2018

IDENTIFICATION DETAILS

Name :	OOO PRODMARKET
Registered Office :	Varshavskoe Shosse 1, Building 17, Donskoy District, 117105 Moscow, Russia
Country :	Russia Federation
Financials (as on) :	31.12.2016
Date of Incorporation :	21.12.2015
Com. Reg. No.:	5157746190135
Legal Form :	Limited Liability Company
Line of Business :	· Wholesale of other food, including fish, crustaceans and molluscs; · Wholesale of fruit and vegetables; · Wholesale of coffee, tea, cocoa and spices
No. of Employees :	12

RATING & COMMENTS

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

MIRA’s Rating :

C

Credit Rating	Explanation	Rating Comments
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	Moderate
Payment Behaviour :	Slow
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 Federation	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 FEDERATION - 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

Company summery

COMPANY NAME	OOO PRODMARKET
ADDRESS	Building	Street			Area			PO Box
	Business Centre W Plaza 2, Office B303	Varshavskoe Shosse 1, Building 17			Donskoy District			117105 Moscow
TEL/FAX	Verified Phones: (+7 499) 769 5878 / Mobile (+7 926) 778 0888 / Fax: (+7 499) 769 5878
EMAIL/WEBSITE	Email: info@prodmarket.moscow / prodsale99@gmail.com / Website: prodmarket.moscow
ACTIVITY	NACE 4638 - Wholesale of other food, including fish, crustaceans and molluscs; NACE 4631 - Wholesale of fruit and vegetables; NACE 4637 - Wholesale of coffee, tea, cocoa and spices;
PRINCIPAL	George Ivanovich Drozdov					Workforce
	Managing Director					12
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	21/12/2015		OGRN 5157746190135	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE			100,000

BUSINESS INFORMATION REPORT

CO. NAME	OOO PRODMARKET
ALSO KNOWN NAME (S)	PRODMARKET Limited Liability Company / PRODMARKET LLC
BUILDING	Business Centre W Plaza 2, Office B303
STREET	Varshavskoe Shosse 1, Building 17
AREA	Donskoy District
POSTAL ADDRESS	117105 Moscow
CITY	Moscow
COUNTRY	Russia
TELEPHONE	(+7 499) 769 5878 / Mobile (+7 926) 778 0888 (George Ivanovich Drozdov)
FAX	(+7 499) 769 5878
VERIFIED EMAIL	info@prodmarket.moscow / prodsale99@gmail.com
WEBSITE	prodmarket.moscow
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	09:00-18:00	13:00-14:00
REGISTERED ADDRESS	Varshavskoe Shosse 1, Building 17, Donskoy District, 117105 Moscow, Russia

SENIOR PERSONNEL

MANAGEMENT	NAME	POSITION
	George Ivanovich Drozdov	Managing Director
	Andrey Pavlovich Kustov Mr. Aleksandr	Sales Director Sales Manager
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	12	04.2018

FINANCIAL SUMMARY
REVENUE	31/12/2017	31/12/2016
	RUBLE 100,000,000	RUBLE 59,899,000
NET PROFIT / (LOSS)	RUBLE (5,821,000) as of 31/12/2016
STOCK/INVENTORIES	RUBLE 51,760,000 as of 31/12/2016
FISCAL YEAR-END	31 December

LEGAL STATUS
INCORPORATION	21/12/2015
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 5157746190135	Federal Tax Service
OTHER REGISTRATION NO.	INN 7726364755 (Tax Code) / KPP 772601001 / OKPO 52617158 (Statistics Code) / OKTMO 45915000000
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	100,000	RUBLE
PAID-UP CAPITAL	AMOUNT	CURRENCY
	100,000	RUBLE
LEGAL FORM	Limited Liability Company
BUSINESS HISTORY	The Company was incorporated in Russia on 21 December 2015.
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	George Ivanovich Drozdov Nationality: Russian Tax Code: INN 772405488009	100.00%

OPERATION
BANKERS	1. PAO Sberbank Vavilova Street 19 117997 Moscow Russia Telephone: (+7 495) 957 5731 Fax : (+7 495) 747 4758 2. AO Alfa-Bank Kalanchevskaya Street 27 Moscow 107078 Russia Telephone: (+7 495) 620 9191 SWIFT: ALFARUMM Subject also has an account with other local banks.
ACTIVITY CODE (NACE)	4638 - Wholesale of other food, including fish, crustaceans and molluscs; 4631 - Wholesale of fruit and vegetables; 4637 - Wholesale of coffee, tea, cocoa and spices;
LINE OF BUSINESS	Trading as importers and wholesalers of spices, dehydrated herbs and vegetables as well as nuts and dried fruits for food processors. Subject closely cooperates with: OOO COMINTRADE Business Centre W Plaza 2, Office B303 1, Varshavskoe shosse Moscow Telephone: (+7 499) 769 5878
IMPORT FROM	Indonesia, China, Brazil, Argentina, Chile, India, USA, Thailand, Philippines, Egypt, Vietnam and Cambodia.
EXPORT TO	CIS countries
TRADE REFERENCES	1. PT. PULAU SAMBU Sungai Guntung, Kec Kateman, Kab Indragiri Hilir Riau 29255 Indonesia 2. AGROTECNOLOGIA Y SERVICIOS S.A. Belgrano 58 -5843 Adelia Maria Cordoba Argentina 3. Cranberry Growers Cooperative 23929, Aspen Ave Warrens, WI 54666 USA 4. TAVEJHO COM. IMP. E EXP. DE CEREAIS LTDA ROD SP294 KM493+994 MTS PAULОPOLIS-POMPЕIA SP CEP 17580-000 Brazil 5. CHINWONG FOOD CO., LTD. 53/12 MOO 2 THONBURI - PAKTHO ROAD, KARONG, MUANG, SAMUTSAKHON 74000 Thailand 6. PT. Inhil Sarimas Kelapa JL.Lintas Rengat – Tembilahan Sungai Gantang – Kempas Indragiri Hilir – Riau Indonesia 7. PT. PULAU SAMBU GUNTUNG SUNGAI GUNTUNG, KEC KATEMAN KAB INDRAGIRI HILIR RIAU 29255 Indonesia 8. AMENCO AGROINDUSTRIAL LTDA AV. OTAVIO TULIM, № 07 - COMPLEMENTO 8 DISTRITO INDUSTRIAL EIZI HIRANO 17603-821 – TUPA (SP) Brazil 9. GCF International Co., Ltd. 222/1 Soi Thana Tower, Jarunsanitwong Rd. Bangyikhan, Bangplad, Bangkok 10700 Thailand 10.OM INDIA TRADING CO PVT LTD A Govt, of India certified "TRADING HOUSE" Unit 204, ABW Rectangle -1, D-4, District Centre, Saket, New Delhi 110017 India 11.Exportadora Natural Chile S.A. Av.Del Parque 5275, of.406, Huechuraba Santiago Chile 12.PT. Sari Segar Husada Wisma Budi, Jl. H.R Rasuna Said Kav. C-6, Jakarta Selatan 12940 Indonesia 13.Graceland Fruit, Inc. 1123 Main Street Frankfort, MI. 49635 USA 14.FRANKLIN BAKER COMPANY OF THE PHILIPPINES Coronon, Sta. Cruz, Davao del Sur Philippines
FACILITIES	Rented premises comprising administrative offices located at the heading address as well as warehousing facilities located at Komsomolskaya Street 1, Podolsk city, Moscow Region.

FINANCIAL INFORMATION
CURRENCY	RUBLE
NOTES	The following financial highlights as at 31 December 2016 showed: 31/12/2016 (in RUBLE) ASSETS Non-current assets 0 Current assets Inventories 51,760,000 Value added tax on purchased valuables 10,196,000 Trade receivables 20,760,000 Cash and cash equivalents 11,031,000 Other current assets 8,000 Total current assets 93,755,000 Total Assets 93,755,000 EQUITY & LIABILITIES Equity Share capital 100,000 Retained earnings (5,821,000) Total equity (5,721,000) Total long-term liabilities 0 Short-term liabilities Borrowings 86,399,000 Accounts payable 13,006,000 Total short-term liabilities 99,476,000 Total liabilities and equity 93,755,000 INCOME STATEMENT Revenue 59,899,000 Cost of sales (58,576,000) Gross profit 1,323,000 Commercial expenses (5,408,000) Profit (loss) from sales (4,085,000 Other income and expenses Interest payable (2,275,000) Other income 4,406,000 Other expenses (3,867,000) Profit (loss) before taxation (5,821,000) Net profit (loss) (5,821,000)

SPECIAL REMARKS
INTERVIEWED	George Ivanovich Drozdov (Managing Director).
COMMENTS	You enquired on: PRODMARKET LLC. 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 65.45
UK Pound	1	INR 93.28
Euro	1	INR 80.74
RUB	1	INR 1.07

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

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	KET

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.