MIRA INFORM REPORT

Report No. :	493019
Report Date :	23.02.2018

IDENTIFICATION DETAILS

Name :	OOO GOLDEN FRUIT
Registered Office :	Krasnoputilovskaya 69, Liter A, Pom 35N, Kirovskiy District, 198152 Saint Petersburg
Country :	Russia
Date of Incorporation :	26.07.2016
Com. Reg. No.:	OGRN 1167847303821
Legal Form :	Limited Liability Company
Line of Business :	Wholesale of fruit and vegetables
No. of Employees :	50 [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 :	Good
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 Golden Fruit
ADDRESS	Building	Street			Area			PO Box
	Business Centre Citadel, Office 749	Krasnoputilovskaya 69, Liter A, Pom 35N			Kirovskiy District			198152 Saint Petersburg
TEL/FAX	Verified Phones: (+7 950) 221 9061 (Managing Director)
EMAIL/WEBSITE	Email: goldenfruit98@gmail.com / Website: N/A
ACTIVITY	NACE 4631 - Wholesale of fruit and vegetables;
PRINCIPAL	Igor Vladimirovich Moroz					Workforce
	Managing Director					50
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	26/07/2016		OGRN 1167847303821	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			150,000

IDENTIFICATION
CO. NAME	OOO Golden Fruit
ALSO KNOWN NAME (S)	OOO Golden Frut / Golden Fruit LLC
BUILDING	Business Centre Citadel, Office 749
STREET	Krasnoputilovskaya 69, Liter A, Pom 35N
AREA	Kirovskiy District
POSTAL ADDRESS	198152 Saint Petersburg
CITY	Saint Petersburg
COUNTRY	Russia
TELEPHONE	(+7 950) 221 9061 (Managing Director) / (+7 812) 677 7069 (Business Centre Citadel)
VERIFIED EMAIL	goldenfruit98@gmail.com
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	09:00-17:30	13:00-14:00
REGISTERED ADDRESS	Krasnoputilovskaya 69, Liter A, Pom 35N, Kirovskiy District, 198152 Saint Petersburg, Russia

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Igor Vladimirovich Moroz	Managing Director
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	50	01.2018

FINANCIAL SUMMARY
REVENUE	31/12/2017	31/12/2018 (Projected)
	RUBLE 4,000,000,000	RUBLE 4,200,000,000
NET PROFIT / (LOSS)	31/12/2017	31/12/2018 (Projected)
	RUBLE 60,000,000	RUBLE 50,000,000

LEGAL STATUS
INCORPORATION	26/07/2016
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1167847303821	Federal Tax Service
OTHER REGISTRATION NO.	INN 7805678779 (Tax Code) / KPP 780501001 / OKPO 3686653 (Statistics Code) / OKTMO 40338000000
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	150,000	RUBLE
PAID-UP CAPITAL	AMOUNT	CURRENCY
	150,000	RUBLE
LEGAL FORM	Limited Liability Company
BUSINESS HISTORY	The Company was incorporated in Russia on 26 July 2016.
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	Igor Vladimirovich Moroz Nationality: Russian Tax Code: INN 781019679719	100.00%

OPERATION
BANKERS	1. PAO Bank Saint-Petersburg Nastavnikov Avenue 19 Saint Petersburg Russia Telephone: +(7 812) 329 5050 SWIFT: JSBSRU2P 2. PAO Promsvyazbank Nevskiy Avenue 160A Saint Petersburg Telephone: (+7 495) 787 3333 SWIFT: PRMSRUMM
ACTIVITY CODE (NACE)	4631 - Wholesale of fruit and vegetables;
LINE OF BUSINESS	Trading as importers and wholesalers of fresh fruits and vegetables.
IMPORT FROM	South Africa, China, Egypt, Turkey, Peru, Chile, Argentina, Israel, Morocco, Pakistan, Iran, Ecuador, Costa-Rica and India.
EXPORT TO	Subject does not engage in exporting activities.
FACILITIES	Rented administrative offices located at the heading address as well as warehousing facilities located elsewhere in Saint Petersburg.

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

SPECIAL REMARKS
INTERVIEWED	Igor Vladimirovich Moroz (Managing Director).
COMMENTS	You enquired on: GOLDEN FRUIT 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 65.05
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 :	VAR
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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