MIRA INFORM REPORT

Report No. :	486806
Report Date :	22.01.2018

IDENTIFICATION DETAILS

Name :	OOO INVESTPROEKT
Registered Office :	Marshala Govorova Street, Lit A, Office 332, Kirovskiy District, 198095 Saint Petersburg
Country :	Russia
Financials (as on) :	31.12.2016
Date of Incorporation :	21.04.2016
Com. Reg. No.:	OGRN 1167847194272
Legal Form :	Limited Liability Company
Line of Business :	· Wholesale of metals and metal ores · Non-specialised wholesale trade
No. of Employees :	8

RATING & COMMENTS

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

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate
Payment Behaviour :	Slow but Correct
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 (30.06.2017)	Current Rating (30.09.2017)
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 InvestProekt
ADDRESS	Building	Street			Area			PO Box
	Business Centre Zheltiy Ugol	Marshala Govorova Street, Lit A, Office 332			Kirovskiy District			198095 Saint Petersburg
TEL/FAX	Verified Phones: +(7 964) 393 8280 (Mobile)
EMAIL/WEBSITE	Email: progress@inficom.ru / Website: N/A
ACTIVITY	NACE 4672: Wholesale of metals and metal ores; NACE 4690: Non-specialised wholesale trade;
PRINCIPAL	Aleksandr Vladimirovich Gorbunov					Workforce
	Managing Director					8
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	21/04/2016		OGRN 1167847194272	Limited Liability Company			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			1,000,000

IDENTIFICATION
CO. NAME	OOO InvestProekt
ALSO KNOWN NAME (S)	InvestProject LLC / OOO INVESTPROEKT
BUILDING	Business Centre Zheltiy Ugol, Office 332
STREET	Marshala Govorova Street, Lit A
AREA	Kirovskiy District
POSTAL ADDRESS	198095 Saint Petersburg
CITY	Saint Petersburg
COUNTRY	Russia
TELEPHONE	Mobile: +(7 964) 393 8280 (Ms. Viktoria) / +(7 812) 380 3333 (Business Centre Zheltiy Ugol)
FAX	Subject currently does not use any landline phone or fax.
VERIFIED EMAIL	progress@inficom.ru
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	09:00-17:00	13:00-14:00
REGISTERED ADDRESS	Marshala Govorova Street, Lit A, Office 332, Kirovskiy District, 198095 Saint Petersburg, Russia

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Aleksandr Vladimirovich Gorbunov	Managing Director
	Ms. Viktoria Mr. Maksim	Accountant Manager
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	8	01.2018
	8	01.2018

FINANCIAL SUMMARY
REVENUE	31/12/2016	31/12/2015
	RUBLE 1,907,000 *	N/A
NET PROFIT / (LOSS)	31/12/2016	31/12/2015
	RUBLE 12,000 *	N/A
PROFIT BEFORE TAX	RUBLE 15,000 as of 31/12/2016
STOCK/INVENTORIES	RUBLE 8,757,000 as of 31/12/2016
NOTES	* 8 months in operations (April-December)

LEGAL STATUS
INCORPORATION	21/04/2016
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1167847194272	Federal Tax Service
OTHER REGISTRATION NO.	INN 7801307597 (Tax Code) / KPP 780501001 / OKPO 2136643 (Statistics Code) / OKTMO 40307000000
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	1,000,000	RUBLE
PAID-UP CAPITAL	AMOUNT	CURRENCY
	1,000,000	RUBLE
LEGAL FORM	Limited Liability Company
BUSINESS HISTORY	The company was incorporated in Russia on 21 April 2016.
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	Aleksandr Vladimirovich Gorbunov Nationality: Russian Tax Code: INN 502710184906	100.00%

OPERATION
BANKERS	PAO AKB Avangard Leninskiy Avenue 168 Saint Petersburg Telephone: (7 812) 449 2930 Fax : (7 812) 449 2930 SWIFT: AVJSRUMM BIK: 044525201
ACTIVITY CODE (NACE)	4672: Wholesale of metals and metal ores; 4690: Non-specialised wholesale trade;
LINE OF BUSINESS	Trading as wholesalers of scrap metals
IMPORT/EXPORT	Subject does not engage in importing nor exporting activities.
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. AO Progress Neglinnaya Street 14/1A Moscow 107031 Est.: 25/10/2012 Managing Director: Aleksandr Vladimirovich Gorbunov C.R. No. : 1127747082858 Tax Code: INN 7702800699 Capital: RUBLE 60,000 Shareholders: Fermozo Ltd, Belize – 99% Aleksandr Vladimirovich Gorbunov – 1% 2. IP Aleksandr Vladimirovich Gorbunov Balashikhe District Moscow Region Est.: 24/11/2014 C.R. No. : OGRNIP 314502732800092 Tax Code: INN 502710184906

FINANCIAL INFORMATION
CURRENCY	RUBLE (RUB)
NOTES	The following financial highlights as at 31 December 2016 showed: 31/12/2016 * (in RUBLE) Inventories 8,757,000 Value added tax on purchased valuables 5,000 Receivables 2,596,000 Cash and cash equivalents 682,000 Total Assets 12,040,000 Share capital 1,000,000 Retained earnings 12,000 Total equity 1,012,000 Borrowed funds 11,025,000 Accounts payable 3,000 Total short-term liabilities 11,028,000 Total liabilities and equity 12,040,000 Income Statement Revenue 1,907,000 Cost of sales 1,735,000 Gross profit 172,000 Commercial expenses 139,000 Profit (loss) from sales 33,000 Other income 20,000 Other expenses 38,000 Profit (loss) before taxation 15,000 Current income tax 3,000 Net profit (loss) 12,000 * 8 months in operations (April-December). Full 2017 balance sheets are not yet available.

PAYMENT
CREDIT OPINION	We consider it is acceptable to deal with subject for SMALL amounts.
FINANCIAL STRENGTH	High
EMPLOYEE RANGE	ER7

SPECIAL REMARKS
INTERVIEWED	Ms. Viktoria (Accountant).
COMMENTS	You enquired on: Invest Project 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 63.72
UK Pound	1	INR 88.64
Euro	1	INR 78.14
RUB	1	INR 1.13

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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.