MIRA INFORM REPORT

Report No. :	487658
Report Date :	25.01.2018

IDENTIFICATION DETAILS

Name :	OOO SURAOBUV
Registered Office :	Sverdlova Street 134, Liter D, Penzenskaya Region, 442539 Kuznetsk
Country :	Russia
Financials (as on) :	31.12.2016
Date of Incorporation :	29.05.2015
Com. Reg. No.:	OGRN 1155803000715
Legal Form :	Limited Liability Company
Line of Business :	Trading as Importers and Wholesalers of Footwear.
No. of Employees :	50

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 :	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

BRIEF SUMMARY
COMPANY NAME	OOO SURAOBUV
ADDRESS	Building	Street			Area			PO Box
	N/A	Sverdlova Street 134, Liter D			Penzenskaya Region			442539 Kuznetsk
TEL/FAX	Verified Phones: +(7 937) 444 9359
EMAIL/WEBSITE	Email: ooo_speczakaz@bk.ru / Website: N/A
ACTIVITY	NACE 4642 - Wholesale of clothing and footwear; NACE 4616 - Agents involved in the sale of textiles, clothing, fur, footwear and leather goods;
PRINCIPAL	Maksim Nikolaevich Maslikhin					Workforce
	Managing Director					50
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	29/05/2015		OGRN 1155803000715	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			10,000
OPINION ON MAX CREDIT	CURRENCY			AMOUNT
	RUBLE (RUB)			3,000,000

IDENTIFICATION
CO. NAME	OOO SURAOBUV
ENQUIRED NAME	LLC SURAOBUV
ALSO KNOWN NAME (S)	SURAOBUV OOO / SURAOBUV LLC
STREET	Sverdlova Street 134, Liter D
AREA	Penzenskaya Region
POSTAL ADDRESS	442539 Kuznetsk
CITY	Kuznetsk
COUNTRY	Russia
TELEPHONE	+(7 937) 444 9359
VERIFIED EMAIL	ooo_speczakaz@bk.ru
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	09:00-18:00	13:00-14:00
REGISTERED ADDRESS	Sverdlova Street 134, Liter D, Penzenskaya Region, 442539 Kuznetsk, Russia.

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Maksim Nikolaevich Maslikhin	Managing Director
	Galiya Rafaelovna Novikova	Chief Accountant
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	50	01.2018

FINANCIAL SUMMARY
REVENUE	31/12/2017	31/12/2016
	RUBLE 130,000,000	RUBLE 117,211,000
NET PROFIT / (LOSS)	31/12/2017	31/12/2016
	RUBLE 4,000,000	RUBLE 3,591,000
PROFIT BEFORE TAX	RUBLE 4,489,000 as of 31/12/2016
STOCK/INVENTORIES	RUBLE 6,727,000 as of 31/12/2016

LEGAL STATUS
INCORPORATION	29/05/2015
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1155803000715	Federal Tax Service
OTHER REGISTRATION NO.	INN 5803026647 (Tax Code) / KPP 580301001 / OKPO 27735149 (Statistics Code) / OKTMO 56705000001
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 29 May 2015.
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	Maksim Nikolaevich Maslikhin Nationality: Russian Tax Code: INN 132303969512	100.00%

OPERATION
BANKERS	PAO Sberbank Rossii Steklovskaya Street 89 442530 Kuznetsk Penzenskaya Region Russia Telephone: +(7 841) 573 0990 Fax : +(7 841) 573 0990
ACTIVITY CODE (NACE)	4642 - Wholesale of clothing and footwear; 4616 - Agents involved in the sale of textiles, clothing, fur, footwear and leather goods;
LINE OF BUSINESS	Trading as importers and wholesalers of footwear.
IMPORT/EXPORT	Subject does not engage in import nor export activities, all sales are domestic.
FACILITIES	Rented premises from OOO Speczakaz comprising administrative offices and warehousing facilities located at the heading address.
RELATED COMPANIES	As a matter of interest Mr. Maksim Nikolaevich Maslikhin’s brother has interest in the following company: OOO Speczakaz Sverdlova Street 134, Liter D1 442539 Kuznetsk Penzenskaya Region Russia Est.: 14/03/2007 C.R. No. : OGRN 1075803000261 Tax Code: INN 5803017280 Capital: RUBLE 20,000 Shareholders: Aleksey Nikolaevich Maslikhin – 55% Aleksandr Vladimirovich Romanov – 45%

FINANCIAL INFORMATION
CURRENCY	RUBLE
PERIOD	31/12/2016	31/12/2015
STOCK/INVENTORIES	6,727,000	0
EQUITY	4,245,000	1,709,000
BALANCE TOTAL	20,971,000	8,815,000
REVENUE	117,211,000	30,598,000
NET PROFIT / LOSS	3,591,000	1,698,000
NOTES	The following financial highlights as at 31 December 2016 showed: 31/12/2016 (in RUBLE) Inventories 6,727,000 Receivables 7,790,000 Cash and cash equivalents 6,454,000 Total Assets 20,971,000 Total equity 4,245,000 Total long-term liabilities 49,000 Accounts payable 16,677,000 Total short-term liabilities 16,677,000 Total liabilities and equity 20,971,000 Income Statement Revenue 117,211,000 Cost of sales 113,182,000 Gross profit 4,029,000 Profit (loss) from sales 4,029,000 Other income 525,000 Other expenses 65,000 Profit (loss) before taxation 4,489,000 Current income tax 898,000 Net profit (loss) 3,591,000

PAYMENT
CREDIT OPINION	We consider it is acceptable to deal with subject for SMALL amounts.
CREDIT LIMIT RECOMMENDATION	CURRENCY	AMOUNT
	RUBLE	3,000,000
FINANCIAL STRENGTH	Normal
EMPLOYEE RANGE	ER4

SPECIAL REMARKS
INTERVIEWED	Galiya Rafaelovna Novikova (Chief Accountant).
COMMENTS	You enquired on: LLC SURAOBUV. 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 1.14

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

INFORMATION DETAILS

Analysis Done by :	NIY
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)

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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.