MIRA INFORM REPORT

Report No. :	504904
Report Date :	25.04.2018

IDENTIFICATION DETAILS

Name :	NEVA STAR LTD
Registered Office :	Kazanskaya Street 8-10, Liter A, Room 4N, Tsentralniy District, 191118 Saint Petersburg
Country :	Russia
Financials (as on) :	31.12.2013
Date of Incorporation :	04.03.2002
Com. Reg. No.:	OGRN 1037843114506
Legal Form :	Limited Liability Company
Line of Business :	· Other food service activities · Restaurants and mobile food service activities
No. of Employees :	Up to 15 [2016]

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

SUMMARY
COMPANY NAME	OOO NEVA-STAR
ADDRESS	Building	Street			Area			PO Box
	N/A	Kazanskaya Street 8-10, Liter A, Room 4N			Tsentralniy District			191118 Saint Petersburg
TEL/FAX	Verified Phones: (+7 812) 312 8009 (continuously unattended) / (+7 812) 312 6162 (continuously unattended)
ACTIVITY	NACE 5629 - Other food service activities; NACE 5610 - Restaurants and mobile food service activities;
PRINCIPAL	Aleksandr Mikhailovich Popov					Workforce
	Managing Director					up to 15
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	04/03/2002		OGRN 1037843114506	LLC			Liquidated
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			12,360

IDENTIFICATION
CO. NAME	OOO NEVA-STAR
STREET	Kazanskaya Street 8-10, Liter A, Room 4N
AREA	Tsentralniy District
POSTAL ADDRESS	191118 Saint Petersburg
CITY	Saint Petersburg
COUNTRY	Russia
TELEPHONE	(+7 812) 312 8009 (continuously unattended) / (+7 812) 312 6162 (continuously unattended)
FAX	(+7 812) 312 8009
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri (when in operations)	09:00-18:00	13:00-14:00
REGISTERED ADDRESS	Kazanskaya Street 8-10, Liter A, Room 4N, Tsentralniy District, 191118 Saint Petersburg, Russia

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Aleksandr Mikhailovich Popov Nationality: Russian Tax Code: INN 510703052404	Managing Director
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	up to 15 * * According to Federal State Statistics Service of Russian Federation.	01.2016

FINANCIAL SUMMARY
NOTES	The following financial highlights as at 31 December 2013 showed (latest available): 31/12/2013 (in RUBLE) ASSETS Non-current assets Fixed assets 950,000 Total non-current assets 950,000 Current assets Inventories 362,000 Trade receivables 172,000 Cash and cash equivalents 25,000 Total current assets 559,000 Total Assets 1,509,000 EQUITY & LIABILITIES Equity Share capital 12,000 Retained earnings 1,097,000 Total equity 1,109,000 Total long-term liabilities 0 Short-term liabilities Accounts payable 400,000 Total short-term liabilities 400,000 Total liabilities and equity 1,509,000 INCOME STATEMENT Revenue 14,548,000 Cost of sales (13,242,000) Gross profit 1,306,000 Profit (loss) from sales 1,306,000 Other income and expenses Other expenses (228,000) Profit (loss) before taxation 1,078,000 Net profit (loss) 928,000
FISCAL YEAR-END	31 December

LEGAL STATUS
INCORPORATION	04/03/2002
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1037843114506 (issued on: 11/02/2003)	Federal Tax Service
OTHER REGISTRATION NO.	INN 7825470627 (Tax Code) / KPP 784001001 / OKPO 58318623 (Statistics Code) / OKTMO 40909000000
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	12,360	RUBLE
PAID-UP CAPITAL	AMOUNT	CURRENCY
	12,360	RUBLE
LEGAL FORM	Limited Liability Company
BUSINESS HISTORY	The Company was incorporated in Russia on 4 March 2002. On 18 December 2015, subject commenced liquidation process. On 13 April 2016, subject was liquidated.
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	1. Viktor Aleksandrovich Pliner Nationality: Russian Tax Code: INN 782577156732 2. Elena Borisovna Arventieva Nationality: Russian Tax Code: INN 780105974593	50.00% 50.00%

OPERATION
ACTIVITY CODE (NACE)	NACE 5629 - Other food service activities; NACE 5610 - Restaurants and mobile food service activities;
LINE OF BUSINESS	Registered activities: - Other food service activities; - Restaurants and mobile food service activities; - Renting and operating of own or leased real estate.
IMPORT FROM	Details of subject’s imports could not be learnt.
EXPORT TO	Details of subject’s exports could not be learnt.
FACILITIES	Premises comprising administrative offices was located at the heading address.
RELATED COMPANIES	Former Associates 1. OOO ATLANTIK Zaytseva Street 41, Liter A Saint Petersburg 198188 Russia Est.: 23/06/2011 C.R. No.: OGRN 1117847257307 Tax Code: INN 7810831454 Sole Shareholder: Viktor Aleksandrovich Pliner Status: Liquidated Date of Liquidation: 29/08/2016 2. OOO GLAVPLODOVOSHTORG Krasnoselskaya Street 2, Lit A, Room 3N Saint Petersburg 197198 Russia Est.: 04/12/2008 C.R. No.: OGRN 1087847008534 Tax Code: INN 7813432546 Shareholders: Aleksandr Schmidt – 50% Viktor Aleksandrovich Pliner – 50% Status: Liquidated Date of Liquidation: 02/12/2011 3. OOO OLIMP Polyarnikov Street 39, Liter B Saint Petersburg Russia Est.: 25/07/2014 C.R. No.: OGRN 1147847261066 Tax Code: INN 7811585770 Sole Shareholder: Elena Borisovna Arventieva Status: Liquidated Date of Liquidation: 24/12/2015 4. OOO BIS Mayakovskogo Street 34, Lit A, Room 8N Saint Petersburg 191014 Russia Est.: 11/05/1999 C.R. No.: OGRN 1037821051520 Tax Code: INN 7810120933 Shareholders: Denis Chumakov – 50% Elena Borisovna Arventieva – 50% Status: Liquidated Date of Liquidation: 20/05/2016

SPECIAL REMARKS
INTERVIEWED	Third Party Sources.
COMMENTS	You enquired on: NEVA STAR LTD. 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 66.36
UK Pound	1	INR 92.51
Euro	1	INR 81.05
RUB	1	INR 1.08

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

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	SYL

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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