MIRA INFORM REPORT

Report No. :	512175
Report Date :	01.06.2018

IDENTIFICATION DETAILS

Name :	OOO TATPROM-HOLDING
Registered Office :	Okruzhnoe Highway 21, Office 2, Elabuzhskiy District, Republic of Tatarstan, 423600 Yelabuga
Country :	Russia
Financials (as on) :	31.12.2016
Date of Incorporation :	10.08.2010
Com. Reg. No.:	OGRN 1107746629044
Legal Form :	Limited Liability Company
Line of Business :	Subject is engaged in Manufacturers of component parts and spare parts for oil and gas production equipment as well as well screens with wire-wrapped framed slotted spiral filter elements.
No. of Employees :	189

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 :	Good
Payment Behaviour :	No Complaints
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 (30.09.2017)	Current Rating (31.12.2017)
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 TATPROM-HOLDING
ADDRESS	Building	Street			Area			PO Box
	N/A	Okruzhnoe Highway 21, Office 2			Elabuzhskiy District, Republic of Tatarstan			423600 Yelabuga
TEL/FAX	Verified Phones: (+7 8552) 911 115 / (+7 8552) 747 981 / Fax: (+7 8552) 747 336
EMAIL/WEBSITE	Email: info@tatpromfilter.ru / ludmila@tatpromfilter.ru / Website: www.tatpromfilter.ru
ACTIVITY	NACE 2434 - Cold drawing of wire; NACE 2562 – Machining;
PRINCIPAL	Artem Mikhailovich Lebedev					Workforce
	Managing Director					189
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	10/08/2010		OGRN 1107746629044	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			200,000

IDENTIFICATION
CO. NAME	OOO TATPROM-HOLDING
ENQUIRED NAME	TATPROM HOLDING LLC
ALSO KNOWN NAME (S)	OOO TatProm-Holding / TATPROM HOLDING LLC
STREET	Okruzhnoe Highway 21, Office 2
AREA	Elabuzhskiy District, Republic of Tatarstan
POSTAL ADDRESS	423600 Yelabuga
CITY	Yelabuga
COUNTRY	Russian Federation
TELEPHONE	(+7 8552) 911 115 / (+7 8552) 747 981 (Deputy Chief Accountant) / (+7 8552) 747 934 (Procurement Department) / (+7 8552) 747 931 (HR Department)
FAX	(+7 8552) 747 336
VERIFIED EMAIL	info@tatpromfilter.ru / ludmila@tatpromfilter.ru / zakupki.tender@tatpromfilter.ru
WEBSITE	www.tatpromfilter.ru
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	09:00-17:00	13:00-14:00
REGISTERED ADDRESS	Okruzhnoe Highway 21, Office 2, Elabuzhskiy District, Republic of Tatarstan, 423600 Yelabuga, Russian Federation.
FACTORY ADDRESS	Avtosborochniy proezd 58 Naberezhnye Chelny 423800 Republic of Tatarstan

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Artem Mikhailovich Lebedev	Managing Director
	Gulnara Albertovna Elena Viktorovna Lyudmila Alekseevna Askar Renatov	Chief Accountant HR Manager Deputy Chief Accountant Sales Manager
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	189	05.2018

FINANCIAL SUMMARY
REVENUE	31/12/2017	31/12/2016
	RUBLE 2,268,000,000	RUBLE 1,125,107,000
NET PROFIT / (LOSS)	31/12/2017	31/12/2016
	RUBLE 50,000,000	RUBLE 67,754,000
PROFIT BEFORE TAX	RUBLE 84,692,000 as of 31/12/2016
STOCK/INVENTORIES	RUBLE 208,075,000 as of 31/12/2016
FISCAL YEAR-END	31 December.

LEGAL STATUS
INCORPORATION	10/08/2010
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1107746629044	Federal Tax Service
OTHER REGISTRATION NO.	INN 7725700676 (Tax Code) / KPP 164601001 / OKPO 67940592 / OKTMO 92626101001
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	200,000	RUBLE
PAID-UP CAPITAL	AMOUNT	CURRENCY
	200,000	RUBLE
BUSINESS HISTORY	The Company was incorporated in Russian Federation on 10 August 2010, however its origins of business activities can be traced back to October 2005.
LEGAL FORM	Limited Liability Company
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	1. Artem Mikhailovich Lebedev Nationality: Russian Tax Code: INN 165028373820 2. Karim Marselevich Mardanshin Nationality: Russian Tax Code: INN 165044522438 3. Elvir Anisovich Sharafetdinov Nationality: Russian Tax Code: INN 165031397500 4. Sergey Petrovich Antipov Nationality: Russian Tax Code: INN 165006995391	25.00% 25.00% 25.00% 25.00%

OPERATION
BANKERS	PAO AK BARS BANK Naberezhnochelninskiy Avenue 19A Naberezhnye Chelny Republic of Tatarstan Russian Federation Telephone: (+7 843) 519 3999 Fax : (+7 843) 519 3975 SWIFT : ARRSRU2K
ACTIVITY CODE (NACE)	2434 - Cold drawing of wire; NACE 2562 – Machining;
LINE OF BUSINESS	Manufacturers of component parts and spare parts for oil and gas production equipment as well as well screens with wire-wrapped framed slotted spiral filter elements. Filter production capacity: 4,500 filters (45,000 metres) per month. Subject’s products includes: Well screens - Wire-wrapped slotted well strainer – fsps type; - Wire-wrapped slotted well strainer with sealing caps – fsps-k type; - Perforated well filter – fstp type (fstp-k); - Wire-wrapped slotted frameless well strainer – fsps-bk type; - Mesh well strainer – fssl type; - Centrifugal pump system screen – vmtf type uecn – vmtf type; - Pumpjack screen – fssgn type. Pipe products - Well casing and couplings for it; - Well tubing and couplings for it; - Pup joints of well casing and well tubing; - Tubing subs for well casing and well tubing. Casing mountings - Casing mountains casing shoes – bk type; - Cement float valves – ckodu type; - Straight vane rigid centralizers – cp type; - Centrsalizers-tirbolizers – ctg, ctl, ctzs types; - Bow-spring centralizers – pc type; - For casing string – sk, rst, rsp types; - Stabilizers – kl type; - Liner hanger non-cemented protected liner hanger, phcz type.
IMPORT FROM	Europe, the Netherlands, France and China.
EXPORT TO	Belarus and Kazakhstan.
TRADE REFERENCES	1. Shandong Sanzheng Machine Tool Co., Ltd. No. 2, Yibo Road, Yishui County, Linyi, Shandong China 2. Hebei Zhenghe Trade Co., Ltd 2-1-1707, Wanlongguoji, East Zhongshan Road, Shijiazhuang 050031 China
FACILITIES	Premises comprising offices located at the heading address as well as a manufacturing unit and administrative offices located at Avtosborochniy proezd 58, Naberezhnye Chelny 423800, Republic of Tatarstan. Subject also has one branch office located elsewhere in Moscow (see “Branch Offices” below).
BRANCH OFFICES	Avtozavodskaya Street 23, Block 15 Moscow 115280 Telephone: (+7 495) 504 3692
RELATED COMPANIES	Subsidiaries 1. OOO Servisnaya Kompaniya Teploprom Khasana Tufana Avenue 47, Flat 91 Naberezhnye Chelny 423832 Republic of Tatarstan Russian Federation Est.: 11/04/2016 C.R. No.: OGRN 1161650056810 Tax Code: INN 1650328633 Shareholders: OOO TATPROM-HOLDING – 90% Khakim Damirovich Rayanov – 10% 2. OOO Naberezhnochelninskiy Trubniy Zavod Avtosborochniy proezd 58 Naberezhnye Chelny 423800 Republic of Tatarstan Russian Federation Est.: 13/07/2016 C.R. No.: OGRN 1161690125739 Tax Code: INN 1650333930 Shareholders: OOO TATPROM-HOLDING – 52% Marsel Zufarovich Mardanshin – 12% Artem Mikhailovich Lebedev – 12% Sergey Petrovich Antipov – 12% Elvir Anisovich Sharafetdinov – 12% Associates 1. OOO BINHARTS Raskolnikova Street 27/17 Naberezhnye Chelny 423822 Republic of Tatarstan Russian Federation Est.: 04/06/2014 C.R. No.: OGRN 1141650011414 Tax Code: INN 1650287810 Shareholders: Artem Mikhailovich Lebedev – 40% Petr Ivanovich Antipov – 20% Elvir Anisovich Sharafetdinov – 20% Karim Marselevich Mardanshin – 20% 2. OOO FOOD-SERVIS Yunyh Lenintsev Street 11 Naberezhnye Chelny 423827 Republic of Tatarstan Russian Federation Est.: 10/04/2018 C.R. No.: OGRN 1181690030940 Tax Code: INN 1650363081 Shareholders: Artem Mikhailovich Lebedev – 50% Yan Yakovlevich Rayskin – 50%

FINANCIAL INFORMATION
CURRENCY	RUBLE
NOTES	The following financial highlights as at 31 December 2016, showed (latest available): 31/12/2016 (in RUBLE) ASSETS Non-current assets Fixed assets 98,045,000 Financial investments 304,000 Deferred tax assets 2,376,000 Other non-current assets 215,000 Total non-current assets 100,941,000 Current assets Stock 208,075,000 Value added tax on purchased valuables 13,398,000 Trade receivables 413,599,000 Financial investments 35,530,000 Cash equivalents 17,557,000 Other current assets 4,000 Total current assets 688,162,000 Total Assets 789,103,000 EQUITY & LIABILITIES Total equity 112,106,000 Total long-term liabilities 4,000,000 Short-term liabilities Borrowings 214,190,000 Accounts payable 455,807,000 Deferred income 3,000,000 Total short-term liabilities 672,997,000 Total liabilities and equity 789,103,000 INCOME STATEMENT Revenue 1,125,107,000 Cost of sales (1,063,437,000) Gross profit 61,670,000 Commercial expenses (644,000) Profit (loss) from sales 61,026,000 Other income and expenses Interest income 2,975,000 Other income 148,288,000 Other expenses (127,597,000) Profit (loss) before taxation 84,692,000 Current income tax (16,938,000) Net profit (loss) 67,754,000

PAYMENT
FINANCIAL STRENGTH	Normal
EMPLOYEE RANGE	ER3

SPECIAL REMARKS
COMMENTS	You enquired on: TATPROM HOLDING 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 67.45
UK Pound	1	INR 89.79
Euro	1	INR 78.79
RUB	1	INR 1.08

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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