MIRA INFORM REPORT

Report No. :	488227
Report Date :	30.01.2018

IDENTIFICATION DETAILS

Name :	OOO BRIC TRADING
Registered Office :	Warehouse Complex ZAO Gagarinskoe Sovetskaya Street 1, Building 4 village Tolstopaltseva 143350 Moscow
Country :	Russia
Financials (as on) :	31.12.2016
Date of Incorporation :	24.04.2006
Com. Reg. No.:	OGRN 1067746525098
Legal Form :	Limited Liability Company
Line of Business :	Subject is engaged in Non-specialised wholesale trade.
No. of Employees :	Up to 15 employees

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

Company name and SUMMARY
COMPANY NAME	OOO Bric Trading
ADDRESS	Building	Street			Area			PO Box
	Warehouse Complex ZAO Gagarinskoe	Sovetskaya Street 1, Building 4			village Tolstopaltseva			143350 Moscow
TEL/FAX	No telephone or fax numbers are listed for the subject at the local telephone directory.
EMAIL/WEBSITE	Email/Website: N/A
ACTIVITY	NACE 4690 - Non-specialised wholesale trade;
PRINCIPAL	Anna Leonidovna Stupnikova					Workforce
	Managing Director					N/A
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	24/04/2006		OGRN 1067746525098	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			10,000
OPINION ON MAX CREDIT	CURRENCY			AMOUNT
	N/A			N/A

IDENTIFICATION
CO. NAME	OOO Bric Trading
ENQUIRED NAME	OOO BRIC TRADING
ALSO KNOWN NAME (S)	Bric Trading LLC / OOO Brik Treiding
BUILDING	Warehouse Complex ZAO Gagarinskoe (Warehouse Complex has been contacted +(7 495) 736 7029 and according to complex’s Chief Accountant Ms. Ina, subject rented storage facilities from Warehouse Complex ZAO Gagarinskoe 3 years ago and she also advised that she had no knowledge about subject’s present whereabouts.
STREET	Sovetskaya Street 1, Building 4
AREA	village Tolstopaltseva
POSTAL ADDRESS	143350 Moscow
CITY	Moscow
COUNTRY	Russia
TEL/FAX	No telephone or fax numbers are listed for the subject at the local telephone directory.
REGISTERED ADDRESS	Sovetskaya Street 1, Building 4, village Tolstopaltseva, 143350 Moscow, Russia.

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Anna Leonidovna Stupnikova	Managing Director
WORKFORCE	NO. OF EMPLOYEES	TYPE
	up to 15 employees	Micro-enterprise

FINANCIAL SUMMARY
REVENUE	31/12/2016	31/12/2015
	RUBLE 14,427,000	RUBLE 24,643,000
NET PROFIT / (LOSS)	31/12/2016	31/12/2015
	RUBLE –(854,000)	RUBLE 1,429,000
PROFIT BEFORE TAX	RUBLE -(1,040,000) as of 31/12/2016
STOCK/INVENTORIES	RUBLE 4,870,000

LEGAL STATUS
INCORPORATION	24/04/2006
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1067746525098	Federal Tax Service
OTHER REGISTRATION NO.	INN 7732508420 (Tax Code) / KPP 772901001 / OKPO 95201830 (Statistics Code) / OKTMO 45317000000
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 24 April 2006.
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	1. Anna Leonidovna Stupnikova Nationality: Russian Tax Code: INN 503008424804 2. Aleksandr Aleksandrovich Miridonov Nationality: Russian Tax Code: INN 771603234090 3. Vasiliy Valerievich Mishenko Nationality: Russian Tax Code: INN 524306529807 4. Sergey Leonidovich Mishenko Nationality: Russian Tax Code: INN 524306529807	55.56% 22.22% 11.11% 11.11%

OPERATION
ACTIVITY CODE (NACE)	NACE 4690 - Non-specialised wholesale trade;
LINE OF BUSINESS	Registered activities: - Non-specialised wholesale trade; - Demolition; - Site preparation; - Other transportation support activities; - Business and other management consultancy activities.
IMPORT/EXPORT	Details of subject’s import and exports could not be learnt.
FACILITIES	Registered office premises located at the heading address.
RELATED COMPANIES	Associate IP Anna Leonidovna Stupnikova Gogolya Street, village Tomilino Lyuberetskiy District Moscow Region Est: 11/08/2015 C.R. No.: OGRNIP 315502700014007

FINANCIAL INFORMATION
CURRENCY	RUBLE
PERIOD	31/12/2016	31/12/2015
CURRENT ASSETS	8,364,000	9,441,000
STOCK/INVENTORIES	4,870,000	5,113,000
NON-CURRENT ASSETS	186,000	0
CURRENT LIABILITIES	1,046,000	1,703,000
NON-CURRENT LIABILITIES	1,280,000	660,000
EQUITY	6,224,000	7,078,000
BALANCE TOTAL	8,550,000	9,441,000
REVENUE	14,427,000	24,643,000
NET PROFIT / LOSS	-854,000	1,429,000
NOTES	Balance sheets as at 31 December 2016 showed : 31/12/2016 31/12/2015 (in RUBLE) ASSETS Total non-current assets 186,000 0 Current assets Stock 4,870,000 5,113,000 Trade receivables 3,336,000 4,188,000 Cash equivalents 158,000 140,000 Total current assets 8,364,000 9,441,000 TOTAL ASSETS 8,550,000 9,441,000 EQUITY & LIABILITIES Total Equity 6,224,000 7,078,000 Long-term liabilities 1,280,000 660,000 Short-term liabilities Borrowed funds 480,000 620,000 Accounts payable 566,000 1,083,000 Total short-term liabilities 1,046,000 1,703,000 TOTAL EQUITY & LIABILITIES 8,550,000 9,441,000 INCOME STATEMENT Revenue 14,427,000 24,643,000 Cost of Sales 13,001,000 20,100,000 Gross Profit 1,426,000 4,543,000 Other income and expenses Other income 396,000 214,000 Other expenses 2,862,000 2,963,000 Profit(loss) before taxation -1,040,000 1,794,000 Current income tax 186,000 365,000 Net Profit(loss) -854,000 1,429,000

PAYMENT
CREDIT OPINION	Current trade experience of payments has not been traced. Our local sources could not contact the subject and obtain a direct interview.
CREDIT LIMIT RECOMMENDATION	In the circumstances we recommend international suppliers deal on a strictly cash or prepaid basis.
FINANCIAL STRENGTH	No classification

SPECIAL REMARKS
INTERVIEWED	Third Party Sources.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.54
UK Pound	1	INR 89.82
Euro	1	INR 78.86
RUB	1	INR 1.13

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

INFORMATION DETAILS

Analysis Done by :	VAR
Report Prepared by :	DNS

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.