MIRA INFORM REPORT

Report No. :	493112
Report Date :	23.02.2018

IDENTIFICATION DETAILS

Name :	OOO FORTRANS
Registered Office :	Lakhtinsky Avenue 85, Liter V, Apartment 2-0-5, Primorskiy District, 197229 Saint Petersburg
Country :	Russia
Financials (as on) :	31.12.2016
Date of Incorporation :	08.11.2010
Com. Reg. No.:	OGRN 1107847371840
Legal Form :	Limited Liability Company
Line of Business :	· Other transportation support activities · Freight transport by road
No. of Employees :	52 [2018]

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	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 FORTRANS
ADDRESS	Building	Street			Area			PO Box
	N/A	Lakhtinsky Avenue 85, Liter V, Apartment 2-0-5			Primorskiy District			197229 Saint Petersburg
TEL/FAX	Verified Phones: +(7 812) 240 0005 / Fax: +(7 812) 240 0005 (ext. 0)
EMAIL/WEBSITE	Email: office@fortrans.biz / finance@fortrans.biz / Website: www.fortrans.biz
ACTIVITY	NACE 5229 - Other transportation support activities; NACE 4941 - Freight transport by road;
PRINCIPAL	Nikita Anatolievich Alekhov					Workforce
	Managing Director					52
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	08/11/2010		OGRN 1107847371840	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			3,000,000

IDENTIFICATION
CO. NAME	OOO FORTRANS
TRADEMARK	ForTrans
ALSO KNOWN NAME (S)	ForTrans Freight Forwarder / ForTrans Ltd
STREET	Lakhtinsky Avenue 85, Liter V, Apartment 2-0-5
AREA	Primorskiy District
POSTAL ADDRESS	197229 Saint Petersburg
CITY	Saint Petersburg
COUNTRY	Russia
TELEPHONE	+(7 812) 240 0005 ext. 232 (Chief Accountant) / ext. 214 (Procurement Department) / 222 & 244 (Managing Director)
FAX	+(7 812) 240 0005 (ext. 0)
VERIFIED EMAIL	office@fortrans.biz / finance@fortrans.biz
WEBSITE	www.fortrans.biz
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	09:00-18:00	13:00-14:00
REGISTERED ADDRESS	Lakhtinsky Avenue 85, Liter V, Apartment 2-0-5, Primorskiy District, 197229 Saint Petersburg, Russia

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Nikita Anatolievich Alekhov	Managing Director
	Natalya Vladimirovna Fomenko Aleksandr Sergeevna Mozolevskaya Tatyana Grigorievna Saparova Elizaveta Alekseevna Zaitseva	Chief Accountant Import Manager Import Officer Officer Manager
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	52	01.2018

FINANCIAL SUMMARY
REVENUE	31/12/2017	31/12/2016
	RUBLE 66,000,000	RUBLE 39,809,000
NET PROFIT / (LOSS)	31/12/2017	31/12/2016
	RUBLE 2,000,000	RUBLE (1,640,000)
STOCK/INVENTORIES	RUBLE 844,000 as of 31/12/2016

LEGAL STATUS
INCORPORATION	08/11/2010
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1107847371840	Federal Tax Service
OTHER REGISTRATION NO.	INN 7801532634 (Tax Code) / KPP 781401001 / OKPO 69165453 (Statistics Code) / OKTMO 40321000000
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	3,000,000	RUBLE
PAID-UP CAPITAL	AMOUNT	CURRENCY
	3,000,000	RUBLE
LEGAL FORM	Limited Liability Company
BUSINESS HISTORY	The Company was incorporated in Russia on 8 November 2010.
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	1. Aleksey Vladimirovich Stepanov Nationality: Russian Tax Code: INN 782509934310 2. Nikita Anatolievich Alekhov Nationality: Russian Tax Code: INN 781406747532	96.67% 3.33%

OPERATION
BANKERS	1. AO GLOBEXBANK Petrogradskaya nab. 18, Liter A Saint Petersburg 197046 Telephone: (+7 812) 332 2157 Fax : (+7 812) 571 7060 SWIFT: GLOBRUMM 2. PAO Promsvyazbank Nevskiy Avenue 160A Saint Petersburg Telephone: (+7 495) 787 3333 SWIFT: PRMSRUMM
ACTIVITY CODE (NACE)	5229 - Other transportation support activities; 4941 - Freight transport by road;
LINE OF BUSINESS	Providers of transportation and freight forwarding services. Subject provides the following: - Customs clearance; - Sea shipping; - Transportation by road; - Transportation by rail; - Warehousing services; - Transportation of dangerous goods;
IMPORT FROM	Worldwide
EXPORT TO	Worldwide
FACILITIES	Rented premises comprising administrative offices located at the heading address as well as warehousing facilities located elsewhere in Saint Petersburg.
RELATED COMPANIES	Associates 1. OOO Venetsia Kamen-Keramika Rechnikov Street 7/1 Moscow Russia Est.: 22/03/2010 Tax Code: INN 7729652166 Shareholders: Aleksey Vladimirovich Stepanov - 76.05% OOO Venetsia Kamen I Keramika Opt - 23.95% 2. OOO Petra Lakhtinsky Avenue 85, Liter V, Apartment 2-0-4, Primorskiy District, 197229 Saint Petersburg Russia Est.: 10/04/2000 Tax Code: INN 7805161878 Sole Shareholder: Aleksey Vladimirovich Stepanov – 100% 3. OOO Osko-Invest Lakhtinsky Avenue 113 Saint Petersburg Russia Est.: 22/04/2015 Tax Code: INN 7814213794 Shareholders: Aleksey Vladimirovich Stepanov – 50% Ayman Al Said – 50% 4. OOO SPK Dubrava Liteyniy Avenue 64/78 Saint Petersburg Russia Est.: 05/06/2001 Tax Code: INN 7704226705 Shareholders: Aleksey Vladimirovich Stepanov – 57.5% Ayman Al Said – 42.5% 5. OOO Dubrava Lakhtinsky Avenue 113 Saint Petersburg Russia Est.: 30/11/2015 Tax Code: INN 7814296871 Shareholders: Aleksey Vladimirovich Stepanov – 50% Ayman Al Said – 50% 6. OOO Respect Engelsa Avenue 124 Saint Petersburg Russia Est.: 23/10/2007 Tax Code: INN 7814388762 Shareholders: Aleksey Vladimirovich Stepanov – 50% Ayman Al Said – 50% 7. OOO Megalit Pobedy Street 1 Saint Petersburg Russia Est.: 30/05/2005 Tax Code: INN 7810028938 Shareholders: Aleksey Vladimirovich Stepanov – 50% Valeriy Kryazhev – 50% 8. OOO Alstroy Lakhtinsky Avenue 113 Saint Petersburg Russia Est.: 22/06/2009 Tax Code: INN 7842410787 Shareholders: Aleksey Vladimirovich Stepanov – 50% Ayman Al Said – 50% 9. OOO Vend Capital Lakhtinsky Avenue 113 Saint Petersburg Russia Est.: 03/05/2005 Tax Code: INN 7814318910 Shareholders: Aleksey Vladimirovich Stepanov – 50% Ayman Al Said – 50% 10.OOO DF Trade Pereulok Basmanniy 7 Moscow Russia Est.: 27/08/2014 Tax Code: INN 7710967606 Shareholders: Aleksey Vladimirovich Stepanov – 50% Ayman Al Said – 50% 11.OOO Alfamedex Lakhtinsky Avenue 129 Saint Petersburg Russia Est.: 31/05/2016 Tax Code: INN 7814653516 Shareholders: Aleksey Vladimirovich Stepanov – 50% Ayman Al Said – 50% 12.OOO Osko-House Lakhtinsky Avenue 113 Saint Petersburg Russia Est.: 19/08/2005 Tax Code: INN 7804320684 Shareholders: Aleksey Vladimirovich Stepanov – 50% Ayman Al Said – 50% 13.OOO VKK-Opt Kryukova Kanala naberezhnaya 25 Saint Petersburg Russia Est.: 02/04/2009 Tax Code: INN 7839402306 Shareholders: Aleksey Vladimirovich Stepanov – 28.57% Ayman Al Said – 28.57% Viktor Los - 28.02% Rajesh Bansal – 14.85%

FINANCIAL INFORMATION
CURRENCY	RUBLE
PERIOD	31/12/2016	31/12/2015
CURRENT ASSETS	13,237,000	20,262,000
STOCK/INVENTORIES	844,000	97,000
NON-CURRENT ASSETS	12,000	27,000
CURRENT LIABILITIES	17,314,000	25,614,000
NON-CURRENT LIABILITIES	0	0
EQUITY	-4,066,000	-5,325,000
BALANCE TOTAL	13,248,000	20,289,000
REVENUE	39,809,000	120,390,000
NET PROFIT / LOSS	(1,640,000)	(5,430,000)
NOTES	Balance sheets as at 31 December 2016 showed : 31/12/2016 31/12/2015 (in RUBLE) ASSETS Non-current assets Fixed assets 12,000 27,000 Total non-current assets 12,000 27,000 Current assets Stock 844,000 97,000 Trade receivables 9,544,000 14,549,000 Financial investments 0 3,796,000 Cash equivalents 2,593,000 1,642,000 Other current assets 255,000 177,000 Total current assets 13,237,000 20,262,000 TOTAL ASSETS 13,248,000 20,289,000 EQUITY & LIABILITIES Equity Share capital 3,000,000 100,000 Retained earnings -7,066,000 -5,425,000 Total Equity -4,066,000 -5,325,000 Total long-term liabilities 0 0 Short-term Liabilities Accounts payable 17,314,000 25,614,000 Total Short-term Liabilities 17,314,000 25,614,000 TOTAL EQUITY & LIABILITIES 13,248,000 20,289,000 INCOME STATEMENT Revenue 39,809,000 120,390,000 Cost of Sales 26,090,000 102,184,000 Gross Profit 13,719,000 18,206,000 Administrative expenses 16,077,000 16,309,000 Profit(loss) from sales -2,358,000 1,897,000 Other income and expenses Interest income 172,000 0 Other income 8,185,000 122,000 Other expenses 7,639,000 7,437,000 Profit(loss) before taxation -1,640,000 -5,418,000 Net Profit(loss) -1,640,000 -5,430,000

PAYMENT
CREDIT OPINION	We consider it is acceptable to deal with subject for SMALL amounts.
FINANCIAL STRENGTH	Normal

SPECIAL REMARKS
INTERVIEWED	Natalya Vladimirovna Fomenko (Chief Accountant).
COMMENTS	You enquired on: FORTRANS 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 65.05
UK Pound	1	INR 90.41
Euro	1	INR 79.83
RUB	1	INR 1.15

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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