MIRA INFORM REPORT

Report No. :	488229
Report Date :	31.01.2018

IDENTIFICATION DETAILS

Name :	OOO ECOLOGIYA XXI-VEK
Registered Office :	Furmanniy Pereulok 24, Basmanniy District, 105062 Moscow
Country :	Russia
Financials (as on) :	31.12.2016
Date of Incorporation :	16.02.2005
Com. Reg. No.:	OGRN 1057746266654
Legal Form :	Limited Liability Company
Line of Business :	Trading as importers, wholesalers and retailers of medical and household goods, lamps as well as cosmetic products. Retail sale of medical and orthopaedic goods in specialised stores;
No. of Employees :	40

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 Ecologiya XXI-VEK
ADDRESS	Building	Street			Area			PO Box
	N/A	Leninskaya Sloboda Street 17			Danilovskiy District			115280 Moscow
TEL/FAX	Verified Phones: +(7 495) 215 1446 / +(7 495) 195 2361 / Fax: +(7 495) 215 1446
EMAIL/WEBSITE	Email: info@ecology-21.ru / Website: www.ecology-21.ru
ACTIVITY	NACE 4774 - Retail sale of medical and orthopaedic goods in specialised stores; NACE 4775 - Retail sale of cosmetic and toilet articles in specialised stores;
PRINCIPAL	Vladimir Georgievich Yushutin					Workforce
	Managing Director					40
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	16/02/2005		OGRN 1057746266654	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			10,000

IDENTIFICATION
CO. NAME	OOO Ecologiya XXI-VEK
ENQUIRED NAME	LLC ECOLOGY XXI VEK
ALSO KNOWN NAME (S)	ECOLOGY XXI-VEK LLC / Ecologiya XXI-VEKa
STREET	Leninskaya Sloboda Street 17
AREA	Danilovskiy District
POSTAL ADDRESS	115280 Moscow
CITY	Moscow
COUNTRY	Russia
TELEPHONE	+(7 495) 215 1446 / +(7 495) 195 2361 (Chief Accountant) / +(7 495) 233 8773
FAX	+(7 495) 215 1446
VERIFIED EMAIL	info@ecology-21.ru
WEBSITE	www.ecology-21.ru
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	09:00-20:00	13:00-14:00
REGISTERED ADDRESS	Furmanniy Pereulok 24, Basmanniy District, 105062 Moscow, Russia

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Vladimir Georgievich Yushutin	Managing Director
	Svetlana Semenovna Ms. Galina	Chief Accountant Sales Officer
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	40	01.2018

FINANCIAL SUMMARY
REVENUE	31/12/2016	31/12/2015
	RUBLE 46,493,000	RUBLE 60,362,000
NET PROFIT / (LOSS)	31/12/2016	31/12/2015
	RUBLE -696,000	RUBLE 3,962,000
PROFIT BEFORE TAX	RUBLE -140,000 as of 31/12/2016
STOCK/INVENTORIES	RUBLE 17,490,000 as of 31/12/2016

LEGAL STATUS
INCORPORATION	16/02/2005
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1057746266654	Federal Tax Service
OTHER REGISTRATION NO.	INN 7701583681 (Tax Code) / KPP 770101001 / OKPO 76410031 (Statistics Code) / OKTMO 45375000000
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	RUBLE	10,000
PAID-UP CAPITAL	AMOUNT	CURRENCY
	RUBLE	10,000
LEGAL FORM	Limited Liability Company
BUSINESS HISTORY	The company was incorporated in Russia on 16 February 2005, however its origins of business activities can be traced back to 2001.
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	Vladimir Georgievich Yushutin Nationality: Russian Tax Code: INN 272700103580	100.00%

OPERATION
ACTIVITY CODE (NACE)	4774 - Retail sale of medical and orthopaedic goods in specialised stores; 4775 - Retail sale of cosmetic and toilet articles in specialised stores;
LINE OF BUSINESS	Trading as importers, wholesalers and retailers of medical and household goods, lamps as well as cosmetic products.
IMPORT FROM	China and occasionally from Europe.
EXPORT TO	Subject does not engage in exporting activities.
FACILITIES	Premises comprising administrative offices, a retail outlet and storage facilities located at the heading address as well as one representative office locate in Khabarovskiy Region.
BRANCH OFFICES	Kirova Street 28 Dom Bytovyh Uslug, 2^nd Floor Tel: +(7 914) 189 6753 Email: alonadvk@mail.ru
RELATED COMPANIES	Associate OOO TD Tek Semenovskaya Street 2/1, Building 1 Moscow 105094 Russia Est.: 02/02/2011 C.R. No.: 1117746062114 Tax Code: INN 7701905410 Sole Shareholder: Vladimir Georgievich Yushutin – 100%

FINANCIAL INFORMATION
CURRENCY	RUBLE
PERIOD	31/12/2016	31/12/2015
CURRENT ASSETS	21,050,000	16,706,000
STOCK/INVENTORIES	17,490,000	12,709,000
NON-CURRENT ASSETS	96,000	39,000
CURRENT LIABILITIES	6,378,000	1,281,000
EQUITY	14,768,000	15,464,000
BALANCE TOTAL	21,146,000	16,745,000
REVENUE	46,493,000	60,362,000
NET PROFIT / LOSS	-696,000	3,962,000
NOTES	Balance sheets as at 31 December 2016 showed : 31/12/2016 31/12/2015 (in RUBLE) ASSETS Non-current assets Intangible assets 33,000 33,000 Fixed assets 63,000 6,000 Total non-current assets 96,000 39,000 Current assets Stock 17,490,000 12,709,000 Value added tax on purchased valuables 1,612,000 676,000 Trade receivables 1,593,000 2,530,000 Cash equivalents 355,000 791,000 Total current assets 21,050,000 16,706,000 TOTAL ASSETS 21,146,000 16,745,000 EQUITY & LIABILITIES Equity Share Capital 10,000 10,000 Retained earnings 14,758,000 15,454,000 Total Equity 14,768,000 15,464,000 Short-term Liabilities Borrowed funds 4,200,000 300,000 Accounts payable 2,178,000 981,000 Total short-term liabilities 6,378,000 1,281,000 TOTAL EQUITY & LIABILITIES 21,146,000 16,745,000 INCOME STATEMENT Revenue 46,493,000 60,362,000 Cost of Sales 36,239,000 47,744,000 Gross Profit 10,254,000 12,618,000 Commercial expenses 8,539,000 7,643,000 Profit(loss) from Sales 1,715,000 4,975,000 Other income and expenses Interest income 14,000 0 Other income 288,000 45,000 Other expenses 2,517,000 444,000 Profit(loss) before taxation -140,000 4,576,000 Current income tax 556,000 614,000 Net Profit(loss) -696,000 3,962,000

PAYMENT
CREDIT OPINION	We consider it is acceptable to deal with subject for SMALL amounts.
FINANCIAL STRENGTH	Normal
EMPLOYEE RANGE	ER5

SPECIAL REMARKS
INTERVIEWED	Ms. Galina (Sales Officer).
COMMENTS	You enquired on: LLC ECOLOGY XXI VEK. Please note that this name applies to an English translation of the subject’s name. Subject’s correct registered name is as per heading. The address which you provided: 105062, MOSCOW, FURMANNY PER 24 MOSCOW, RUSSIA applies to subject's registered office address. Please note that subject's administrative office address is as per heading.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.75
UK Pound	1	INR 89.39
Euro	1	INR 78.54
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 :	TRU

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.