MIRA INFORM REPORT

Report No. :	505336
Report Date :	28.04.2018

IDENTIFICATION DETAILS

Name :	OOO FRUIT TRADE
Registered Office :	Mineralnaya Street 13, Lit A, Office 404, Kalininskiy District, 195197 Saint Petersburg
Country :	Russia
Financials (as on) :	31.12.2016
Date of Incorporation :	15.06.2015
Com. Reg. No.:	OGRN 1157847207858
Legal Form :	Limited Liability Company
Line of Business :	Wholesale of fruit and vegetables
No. of Employees :	6 [2018]

RATING & COMMENTS

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

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
Payment Behaviour :	No Complaints
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

SUMMARY
COMPANY NAME	OOO Fruit Trade
ADDRESS	Building	Street			Area			PO Box
	Business Center Litera A, Office 404	Mineralnaya Street 13, Lit A			Kalininskiy District			195197 Saint Petersburg
TEL/FAX	Verified Phones: (+7 812) 320 1652 / (+7 921) 404 8961 / Fax: (+7 812) 320 1652
EMAIL/WEBSITE	Email: fruit_trade.spb@mail.ru / Website: N/A
ACTIVITY	NACE 4631 - Wholesale of fruit and vegetables;
PRINCIPAL	Aleksey Aleksandrovich Zhibrov					Workforce
	Managing Director					6
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	15/06/2015		OGRN 1157847207858	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			10,000

IDENTIFICATION
CO. NAME	OOO Fruit Trade
ENQUIRED NAME	FRUIT TRADE
ALSO KNOWN NAME (S)	OOO Frut Treyd / LLC FRUIT TRADE / Fruit Trade Ltd
BUILDING	Business Center Litera A, Office 404
STREET	Mineralnaya Street 13, Lit A
AREA	Kalininskiy District
POSTAL ADDRESS	195197 Saint Petersburg
CITY	Saint Petersburg
COUNTRY	Russia
TELEPHONE	(+7 812) 320 1652 / (+7 921) 404 8961
FAX	(+7 812) 320 1652
VERIFIED EMAIL	fruit_trade.spb@mail.ru
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	09:00-18:00	13:00-14:00
REGISTERED ADDRESS	Mineralnaya Street 13, Lit A, Office 404, Kalininskiy District, 195197 Saint Petersburg Russia

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Aleksey Aleksandrovich Zhibrov	Managing Director
	Elena Shishkova	Chief Accountant
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	6	04.2018

FINANCIAL SUMMARY
REVENUE	31/12/2017	31/12/2016
	RUBLE 3,500,000,000	RUBLE 3,254,913,000
NET PROFIT / (LOSS)	31/12/2017	31/12/2016
	RUBLE 60,000,000	RUBLE 54,587,000
PROFIT BEFORE TAX	RUBLE 68,246,000 as of 31/12/2016
STOCK/INVENTORIES	RUBLE 618,861,000 as of 31/12/2016
FISCAL YEAR-END	31 December

LEGAL STATUS
INCORPORATION	15/06/2015
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1157847207858	Federal Tax Service
OTHER REGISTRATION NO.	INN 7804235647 (Tax Code) / KPP 780401001 / OKPO 1201166 (Statistics Code) / OKTMO 40330000000
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 15 June 2015.
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	Aleksey Aleksandrovich Zhibrov Nationality: Russian Tax Code: INN 780159290663	100.00%

OPERATION
BANKERS	AO KB Citibank Nevskiy Avenue 68, Liter A Saint Petersburg 191025 Russia Telephone: (+7 812) 336 7575 Fax : (+7 812) 336 7575 SWIFT: CITIRUMX
ACTIVITY CODE (NACE)	4631 - Wholesale of fruit and vegetables;
LINE OF BUSINESS	Trading as importers and wholesalers of processed fruits and vegetables.
IMPORT FROM	China, Chile, Brazil, India, Greece, South Africa, the Netherlands, Portugal, Italy, Uzbekistan, Ecuador and Argentina.
EXPORT TO	Subject does not engage in exporting activities.
TRADE REFERENCES	1. Empresas Carozzi S.A. Camino Longitudinal Sur #5201 Nos-San Bernardo-Santiago Chile 2. Luntai Guozhiyuan Agriculture & Forestry Technology Development Co., Ltd 634km, No.314 National Road, Lun Tai, Xinjiang China 3. AKSU HENGTONG FRUIT JUICE CO., LTD Agricultural And Sideline Products Processing Zone, Wensu County, Aksu, Xinjiang Province, China 843100 4. RHODES FOOD GROUP (PTY) LTD 8 Industrial Road, Wellington 7655 Republic of South Africa 5. San Gabriele S.p.A. Via Venezia 6 - 35010 - Trebaseleghe Padova Italy 6. FUTURCORP S.A. Carretera E 25 Norte Km. 93.1, Puebloviejo Los Rios – Ecuador 7. COFCO TUNHE TOMATO CO., LTD 20/F, China Merchants Bank Building No. 2 Huanghe Road, Urumqi, Xinjiang, 830000 China 8. Guanacache S.A. Ruta 7, Km 999, San Martin, Mendoza, Argentina 9. Langeberg & Ashton Foods (Pty) Ltd 41 Main Road, Ashton, 6715 South Africa 10.Frumenta S.A. 15th km Old National Road Giannitsa-Skidra P. O. 58500 Greece 11.Sunrise Naturals Private Limited Natham Main Road, Kanavaipatti (post) Dindigul District 624308, Tamilnadu India 12.Agricultural Corporate Collaboration Al.M.Me. S.A. Kouloura Imathias 59 100 Veria Greece 13.Gansu Tongda Fruit Juice & Beverage Co.,Ltd Louzi Village, Hesheng Town, Ning Country, Qingyang City, Gansu Province China 745201 14.A.V.A. S.A. Ruta Provincial N° 86 Km 1, Ugarteche, Lujan De Cuyo, Mendoza Argentina 15.Capricorn Food Products India Ltd Palagunta Village, Sathyavedu Mandal, Chittoor District, A P 517 588, Andhra Pradesh India 16.Aconcagua Foods S.A. Jose Alberto Bravo 0278 Buin Santiago Chile 17.Shaanxi Jiedong Trade Co.,Ltd. Room 309, No 193, South of Feihui Road, XI’AN China 18.Italagro-Industria De Transformacao De Produtos Alimentares S.A. Apartado 13 - Leziria Das Cortes 2601-906 Castanheira Do Ribatejo Portugal 19.Xinjiang Tianshanwellland Tomato Products Co., Ltd Xidagou Town, Wusu City, Xinjang China 20.SP OOO Namangan Sharbati Temiruchilar Street 1 Namangan Uzbekistan 21.Yantai North Andre Juice Co., Ltd No. 18 Andre Road, Muping Economic Development Zone, Yantai City, Shandong, China 264100 22.XUWEN TONGDA FRUIT JUICE & BEVERAGE CO., LTD 138, Tongda Boulevard, Qujie, Xuwen County, Guangdong Province China 23.Ningxia Tongda Fruit Juice And Beverage Co., Ltd Ningxiahong Science Park, Shapotou District, Zhongwei Cityningxia Province China 24.Ceres Fruit Processors (PTY) LTD. P.O. Box 366, Vosstreet, Ceres, 6835 South Africa 25.Avanar International CC P O BOX 200, Bergvliet, 7864, Western Cape South Africa 26.Venus Growers Agricultural Cooperative Of Veria Greece 27.Via Nectare Tecnologia Em Bebidas E Alimentos Ltda Rodovia SP 333, KM143-Bairro Industrial- Taquaritinga/SP Brazil 28.Christodoulou Bros S.A. Aghia Triada, 21055, Nafplio Greece 29.SUGAL CHILE LIMITADA El Sauce 026-030 Quinta de Tilcoco Chile 30.KRONOS S.A. Mavrovouni 58500 Skydra Greece 31.Absolute Fruit B. V. Bredaseweg 185, 4872 LA Etten-Leur The Netherlands 32.Sdic Zhonglu Fruit Juice Co.,Ltd 21 F, Block B, Wantong New World Plaza, No. 2, Fuchengmenwai St. Beijing China 100037
FACILITIES	Rented premises comprising administrative offices located at the heading address as well as storage facilities located elsewhere in Novorossiysk, Russia.
RELATED COMPANIES	Former Associate Profmetallstroy SPB Pinegina Street 4, Lit A, Room 2N Saint Petersburg 192148 Russia Est.: 28/06/2006 C.R. No.: OGRN 5067847113197 Tax Code: INN 7811348754 Shareholders: Roman Palienkov – 34% Aleksey Aleksandrovich Zhibrov – 33% Aleksandr Tsarev – 33% Status: Liquidated Date of Liquidation: 14/05/2009

FINANCIAL INFORMATION
CURRENCY	RUBLE
PERIOD	31/12/2016	31/12/2015
CURRENT ASSETS	1,032,323,000	1,728,264,000
STOCK/INVENTORIES	618,861,000	676,375,000
NON-CURRENT ASSETS	0	13,650,000
CURRENT LIABILITIES	1,032,155,000	1,796,689,000
NON-CURRENT LIABILITIES	0	0
EQUITY	167,000	(54,776,000)
BALANCE TOTAL	1,032,323,000	1,741,913,000
REVENUE	3,254,913,000	1,186,901,000
NET PROFIT / LOSS	54,587,000	(54,786,000)
NOTES	Balance sheets as at 31 December 2016 showed : 31/12/2016 31/12/2015 (in RUBLE) ASSETS Deferred tax assets 0 13,650,000 Total non-current assets 0 13,650,000 Current assets Stock 618,861,000 676,375,000 Value added tax on purchased valuables 60,109,000 72,335,000 Trade receivables 324,647,000 957,905,000 Cash equivalents 5,825,000 590,000 Other current assets 22,882,000 21,060,000 Total current assets 1,032,323,000 1,728,264,000 TOTAL ASSETS 1,032,323,000 1,741,913,000 EQUITY & LIABILITIES Share capital 10,000 10,000 Retained earnings 157,000 (54,786,000) Total Equity 167,000 (54,776,000) Total long-term liabilities 0 0 Short-term Liabilities Borrowings 496,588,000 501,351,000 Accounts payable 535,567,000 1,295,338,000 Total Short-term liabilities 1,032,155,000 1,796,689,000 TOTAL EQUITY & LIABILITIES 1,032,323,000 1,741,913,000 INCOME STATEMENT Revenue 3,254,913,000 1,186,901,000 Cost of Sales (3,105,103,000) (1,099,707,000) Gross Profit 149,810,000 87,194,000 Commercial expenses (158,683,000) (68,512,000) Administrative expenses (16,000) (13,000) Profit(loss) from sales (8,889,000) 18,669,000 Other income and expenses Interest payable (53,931,000) (7,784,000) Other income 356,556,000 54,850,000 Other expenses (225,490,000) (134,171,000) Profit(loss) before taxation 68,246,000 (68,436,000) Change in deferred tax assets (13,613,000) (13,650,000) Current income tax (46,000) 0 Net Profit(loss) 54,587,000 (54,786,000)

SPECIAL REMARKS
INTERVIEWED	Elena Shishkova (Chief Accountant).
COMMENTS	You enquired on: FRUIT TRADE. Please note that subject’s correct registered name is as per heading.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 66.78
UK Pound	1	INR 92.89
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 :	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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