MIRA INFORM REPORT

Report No. :	516272
Report Date :	27.06.2018

IDENTIFICATION DETAILS

Name :	OOO UYUT KERAMIKI
Registered Office :	Commercial Bldg, Room 3N, Office No. 2 Nab. Oktyabrskaya 104, Block 25, Liter AZh,193079 Saint Petersburg
Country :	Russia
Financials (as on) :	31.12.2016
Date of Incorporation :	05.03.2010
Com. Reg. No.:	1107847064313
Legal Form :	Limited Liability Company
Line of Business :	Non-specialised wholesale trade
No. of Employees :	15

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 (31.12.2017)	Current Rating (01.04.2018)
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 SUMMERY

COMPANY NAME	OOO UYUT KERAMIKI
ADDRESS	Building	Street			Area			PO Box
	Commercial Bldg, Room 3N, Office No. 2	Nab. Oktyabrskaya 104, Block 25, Liter AZh			Nevskiy District			193079 Saint Petersburg
PHONE	Verified Phones: (+7 812) 438 4078
EMAIL/WEBSITE	Email: comfortceram@gmail.com / Website: www.uceram.ru
ACTIVITY	NACE 4690 - Non-specialised wholesale trade;
PRINCIPAL	Natalya Andreevna Vozilova					Workforce
	Managing Director					15
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	05/03/2010		OGRN 1107847064313	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			5,100,000

BUSINESS INFORMATION

IDENTIFICATION
CO. NAME	OOO UYUT KERAMIKI
ALSO KNOWN NAME (S)	COMFORT CERAMICS COMPANY LIMITED / COMFORT CERAMICS LLC
BUILDING	Commercial Bldg, Room 3N, Office No. 2
STREET	Nab. Oktyabrskaya 104, Block 25, Liter AZh
AREA	Nevskiy District
POSTAL ADDRESS	193079 Saint Petersburg
CITY	Saint Petersburg
COUNTRY	Russia
PHONE	(+7 812) 438 4078
VERIFIED EMAIL	comfortceram@gmail.com
WEBSITE	www.uceram.ru
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	09:00-18:00	13:00-14:00
REGISTERED ADDRESS	Commercial Bldg, Room 3N, Office No. 2 Nab. Oktyabrskaya 104, Block 25, Liter AZh 193079 Saint Petersburg Russia

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Natalya Andreevna Vozilova	Managing Director
	Olga Rodionova	Accountant
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	15	06.2018

FINANCIAL SUMMARY
TURNOVER	31/12/2016	31/12/2017 (approx)
	RUBLE 250,099,000	RUBLE 300,000,000
NET PROFIT / (LOSS)	RUBLE 2,746,000 as of 31/12/2016
PROFIT BEFORE TAX	RUBLE 3,701,000 as of 31/12/2016
STOCK/INVENTORIES	RUBLE 17,408,000 as of 31/12/2016
NOTES	The following financial highlights as at 31 December 2016 showed: 31/12/2016 (in RUBLE) ASSETS Non-current assets Fixed assets 21,687,000 Total non-current assets 21,687,000 Current assets Stock 17,408,000 Value added tax on purchased valuables 4,356,000 Trade receivables 103,807,000 Financial investments 75,000,000 Cash and cash equivalents 4,788,000 Other current assets 48,000 Total current assets 205,407,000 Total Assets 227,094,000 EQUITY & LIABILITIES Total equity 8,192,000 Total long-term liabilities 0 Short-term liabilities Borrowings 63,348,000 Accounts payable 155,554,000 Total short-term liabilities 218,902,000 Total liabilities and equity 227,094,000 INCOME STATEMENT Revenue 250,099,000 Cost of sales (232,495,000) Gross profit 17,604,000 Commercial expenses (10,240,000) Profit (loss) from sales 7,364,000 Other income and expenses Interest payable (348,000) Other income 11,277,000 Other expenses (14,592,000) Profit (loss) before taxation 3,701,000 Current income tax (955,000) Net profit (loss) 2,746,000
FISCAL YEAR-END	31 December.

LEGAL STATUS
INCORPORATION	05/03/2010
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1107847064313	Federal Tax Service
OTHER REGISTRATION NO.	INN 7810581211 (Tax Code) / KPP 781101001 / OKPO 64317964 (Statistics Code) / OKTMO 40382000000
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	5,100,000	RUBLE
PAID-UP CAPITAL	AMOUNT	CURRENCY
	5,100,000	RUBLE
BUSINESS HISTORY	The Company was incorporated in Russia on 5 March 2010.
LEGAL FORM	Limited Liability Company
STATUS	Active
SOLE SHAREHOLDER	NAME	PERCENTAGE
	Natalya Andreevna Vozilova Nationality: Russian	100.00%

OPERATION
BANKERS	1. PAO Bank Saint-Petersburg Nastavnikov Avenue 19 Saint Petersburg Russia Telephone: (+7 812) 329 5050 Acc. No.: 40702810390350000842 BIK : 044030790 SWIFT: JSBSRU2P 2. PAO Bank VTB Bolshaya Morskaya Street 30, Liter A Saint Petersburg Russia Telephone: (+7 495) 777 2424 SWIFT: VTBRRUMM
ACTIVITY CODE (NACE)	4690 - Non-specialised wholesale trade;
LINE OF BUSINESS	Trading as importers and wholesalers of natural stone, ceramics, marble as well as travertine.
IMPORT FROM	China, India, Brazil, Turkey, Egypt and Saudi Arabia.
EXPORT TO	Subject does not engage in exporting activities.
TRADE REFERENCES	1. Dongguan Yafeng Hardware Machine Co., Ltd Dani District, Manfeng Villege, Shatian Town, Dongguan, Guangdong China 2. Nantong Kalinna International Trading Co.,Ltd No. 42, Dieshiqiao Road, Zhihao Industry Park, Nantong, Jiangsu China
FACILITIES	Rented premises comprising administrative offices located at the heading address.

PAYMENT RECORDS
CREDIT OPINION	We consider it is acceptable to deal with subject.

SPECIAL REMARKS
INTERVIEWED	Olga Rodionova (Chief Accountant).
COMMENTS	You enquired on: COMFORT CREAMICS COMPANY LIMITED. Please note that this name misspelt and 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 68.17
UK Pound	1	INR 90.47
Euro	1	INR 79.74
RUB	1	INR 1.09

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

INFORMATION DETAILS

Analysis Done by :	PRI
Report Prepared by :	KET

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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