3decades

MIRA INFORM REPORT

Report No. :	516097
Report Date :	26.06.2018

IDENTIFICATION DETAILS

Name :	OOO EKOTRADE SPB

Registered Office :	Piskarevskiy Avenue 25, Liter A , Room 17, Office 1102, 195176 Saint Petersburg

Country :	Russia

Date of Incorporation :	25.12.2017

Com. Reg. No.:	OGRN 1177847414007

Legal Form :	Limited Liability Company

Line of Business :	Non-specialised wholesale of food, beverages and tobacco; Non-specialised wholesale trade.

No. of Employees :	Not Available

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
NB	New Business	No recommendation can be done due to business in infancy stage

Status :	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

(31.12.2017)

Current Rating

(01.04.2018)

Russia

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 EKOTRADE SPB

ADDRESS	Building	Street			Area			PO Box
	N/A	Piskarevskiy Avenue 25, Liter A, Room 17, Office 1102			Krasnogvardeyskiy District			195176 Saint Petersburg
TEL/FAX	No telephone or fax numbers are listed for the subject at the local telephone directory. If you can supply a photocopy of subject's letterhead, a current telephone or email address for the company, the investigation can be resumed.
EMAIL/WEBSITE	Email/Website: N/A
ACTIVITY	NACE 4690 - Non-specialised wholesale trade; NACE 4639 - Non-specialised wholesale of food, beverages and tobacco;
PRINCIPAL	Yulia Sergeevna Sirotkina					Workforce
	Managing Director					N/A
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	25/12/2017		OGRN 1177847414007	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			300,000

IDENTIFICATION

CO. NAME	OOO EKOTRADE SPB
ENQUIRED NAME	EKO TRADE SPB LIMITED LIABILITY COMPANY
ALSO KNOWN NAME (S)	LLC EKOTRADE SPB / EKO TRADE SPB LIMITED LIABILITY COMPANY
STREET	Piskarevskiy Avenue 25, Liter A, Room 17, Office 1102
AREA	Krasnogvardeyskiy District
POSTAL ADDRESS	195176 Saint Petersburg
CITY	Saint Petersburg
COUNTRY	Russia
TELEPHONE	No telephone or fax numbers are listed for the subject at the local telephone directory. If you can supply a photocopy of subject's letterhead, a current telephone or email address for the company, the investigation can be resumed. The following phone numbers applies to subject’s former affiliate, OOO Global Trading Company: Telephone: (+7 812) 247 5865 (continuously unattended) / (+7 812) 924 8119 (currently out of service)
VERIFIED EMAIL	glotracom@outlook.com (subject’s former affiliated company) / nordtrail@outlook.com subject’s former affiliated company) * * Several messages have been sent to the above Email addresses requesting a contact, however no reply have been received.
REGISTERED ADDRESS	Piskarevskiy Avenue 25, Liter A Room 17, Office 1102 195176 Saint Petersburg Russia

SENIOR PERSONNEL

MANAGEMENT

NAME

POSITION

Yulia Sergeevna Sirotkina

Nationality: Russian

Tax Code:

INN 780710449739

Managing Director

FINANCIAL SUMMARY

NOTES

Balance sheets are not available. Financial information could not be obtained from other sources.

The following financial information applies to subject’s former affiliated company, OOO Global Trading Company:

31/12/2016 31/12/2015

(in RUBLE)

ASSETS

Total non-current

assets 0 1,000

Current assets

Stock 25,653,000 3,488,000

Value added tax on

purchased valuables 29,000 0

Trade receivables 34,373,000 31,458,000

Cash equivalents 10,777,000 652,000

Other current

assets 0 1,159,000

Total current

assets 70,833,000 36,757,000

TOTAL ASSETS 70,833,000 36,758,000

EQUITY & LIABILITIES

Share capital 300,000 300,000

Retained

earnings 7,959,000 (2,857,000)

Total Equity 8,259,000 (2,557,000)

Total long-term

liabilities 0 0

Short-term liabilities

Borrowings 0 2,900,000

Accounts payable 62,574,000 35,415,000

Total Short-term

liabilities 62,574,000 39,315,000

TOTAL EQUITY &

LIABILITIES 70,833,000 36,758,000

INCOME STATEMENT

Revenue 279,827,000 133,640,000

Cost of Sales (244,323,000) (121,108,000)

Gross Profit 35,504,000 12,532,000

Commercial expenses(29,385,000) (9,243,000)

Profit(loss) from

sales 6,119,000 3,289,000

Other income and expenses

Other income 14,202,000 7,467,000

Other expenses (13,943,000) (8,818,000)

Profit(loss) before

taxation 6,378,000 1,938,000

Current income tax (1,276,000) (403,000)

Net Profit(loss) 5,102,000 1,535,000

FISCAL YEAR-END

31 December.

LEGAL STATUS

INCORPORATION	25/12/2017
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1177847414007	Federal Tax Service
OTHER REGISTRATION NO.	INN 7806296275 (Tax Code) / KPP 780601001 / OKTMO 40348000000
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	300,000	RUBLE
PAID-UP CAPITAL	AMOUNT	CURRENCY
	300,000	RUBLE
BUSINESS HISTORY	The Company was incorporated in Russia on 25 December 2017.
LEGAL FORM	Limited Liability Company
STATUS	Active
SOLE SHAREHOLDER	NAME	PERCENTAGE
	Aleksey Petrovich Kuksa Nationality: Russian Tax Code: INN 781616595702	100.00%

OPERATION

BANKERS	Details of subject’s bankers could be learnt.
ACTIVITY CODE (NACE)	4690 - Non-specialised wholesale trade; 4639 - Non-specialised wholesale of food, beverages and tobacco;
LINE OF BUSINESS	Registered activities: - Non-specialised wholesale of food, beverages and tobacco; - Non-specialised wholesale trade.
FACILITIES	Registered office premises located at the heading address.
RELATED COMPANIES	Former Associate OOO Global Trading Company Trefoleva Street 2, Liter BN Saint Petersburg 198097 Russia Est.: 14/02/2014 C.R. No.: OGRN 1147847053860 Tax Code: INN 7805643350 Sole Shareholder: Aleksey Petrovich Kuksa Status: Liquidated Date of Liquidation: 16/11/2017

SPECIAL REMARKS

INTERVIEWED	Third Party Sources.
COMMENTS	You enquired on: EKO TRADE SPB LIMITED LIABILITY COMPANY. 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 68.15
UK Pound	1	INR 90.27
Euro	1	INR 79.35
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 :	SDA

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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