MIRA INFORM REPORT

Report No. :	487360
Report Date :	25.01.2018

IDENTIFICATION DETAILS

Name :	OOO BEST-KONTRAKT
Registered Office :	Lesnoy Avenue 63, Lit A, Vyborgskiy District, 194100 Saint Petersburg
Country :	Russia
Date of Incorporation :	08.11.2016
Com. Reg. No.:	OGRN 1167847431619
Legal Form :	Limited Liability Company
Line of Business :	Trading as importers and wholesalers of consumer & household goods, textile products, souvenirs as well as detergents and hygiene products. Subject’s product line consists of 8,000 items of consumer goods.
No. of Employees :	22

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 :	Relatively New Business
Payment Behaviour :	Unknown
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

BRIEF SUMMARY
COMPANY NAME	OOO BEST-KONTRAKT
ADDRESS	Building	Street			Area			PO Box
	Business Centre Lesnoy	Lesnoy Avenue 63, Lit A, Office 308			Vyborgskiy District			194100 Saint Petersburg
TEL/FAX	Verified Phone: +(7 812) 200 4569
EMAIL/WEBSITE	Email: info@bestcontract.ru / Website: www.bestcontract.ru
ACTIVITY	NACE 4690 - Non-specialised wholesale trade; NACE 4616 - Agents involved in the sale of textiles, clothing, fur, footwear and leather goods;
PRINCIPAL	Sergey Anatolievich Sheludko					Workforce
	Managing Director					22
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	08/11/2016		OGRN 1167847431619	Limited Liability Company			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			5,000,000
OPINION ON MAX CREDIT	NOTES			AMOUNT
	NB - New Business less than 18 months old			N/A

IDENTIFICATION
CO. NAME	OOO BEST-KONTRAKT
ENQUIRED NAME	BEST CONTRACT LLC
ALSO KNOWN NAME (S)	BEST-CONTRACT LLC / BEST CONTRACT LLC
BUILDING	Business Centre Lesnoy
STREET	Lesnoy Avenue 63, Lit A, Office 308
AREA	Vyborgskiy District
POSTAL ADDRESS	194100 Saint Petersburg
CITY	Saint Petersburg
COUNTRY	Russia
TELEPHONE	+(7 812) 200 4569 / +(7 931) 319 3926 / +(7 981) 748 1763 (Administrative Manager, Business Centre Lesnoy)
VERIFIED EMAIL	info@bestcontract.ru / bestcontract@yahoo.com
WEBSITE	www.bestcontract.ru
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	10:00-18:00	13:00-14:00
REGISTERED ADDRESS	Lesnoy Avenue 63, Lit A, Vyborgskiy District, 194100 Saint Petersburg, Russia

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Sergey Anatolievich Sheludko	Managing Director
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	22	01.2018

FINANCIAL SUMMARY
NOTES	As the Buyer has only recently started trading, relevant financial information is not available.

LEGAL STATUS
INCORPORATION	08/11/2016
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1167847431619	Federal Tax Service
OTHER REGISTRATION NO.	INN 7802599261 (Tax Code) / KPP 780201001 / OKPO 5485195 (Statistics Code) / OKTMO 40314000000
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	5,000,000	RUBLE
PAID-UP CAPITAL	AMOUNT	CURRENCY
	5,000,000	RUBLE
LEGAL FORM	Limited Liability Company
BUSINESS HISTORY	The company was incorporated in Russia on 8 November 2016.
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	Sergey Anatolievich Sheludko (Russian national / INN 470408655778)	100.00%

OPERATION
ACTIVITY CODE (NACE)	NACE 4690 - Non-specialized wholesale trade; NACE 4616 - Agents involved in the sale of textiles, clothing, fur, footwear and leather goods;
LINE OF BUSINESS	Trading as importers and wholesalers of consumer & household goods, textile products, souvenirs as well as detergents and hygiene products. Subject’s product line consists of 8,000 items of consumer goods.
IMPORT FROM	China, Eastern Europe and Southern Asia countries.
EXPORT TO	Subject does not engage in exporting activities.
FACILITIES	Rented premises comprising administrative offices located at the heading address as well as warehousing facilities located elsewhere in Saint Petersburg.

SPECIAL REMARKS
INTERVIEWED	Sergey Anatolievich Sheludko (Managing Director).
COMMENTS	You enquired on. BEST CONTRACT 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 63.64
UK Pound	1	INR 89.32
Euro	1	INR 78.45
RUB	1	INR 1.13

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

INFORMATION DETAILS

Analysis Done by :	PRI
Report Prepared by :	TPT

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)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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