MIRA INFORM REPORT

Report No. :	495704
Report Date :	10.03.2018

IDENTIFICATION DETAILS

Name :	EAST WEST CO LTD
Registered Office :	Zelenogradskaya Street Bld 1, Solechnogorsk District, Elino Village, Moscow Region 141580
Country :	Russia
Financials (as on) :	31.12.2016
Date of Incorporation :	03.10.2007
Com. Reg. No.:	OGRN 1075044005002
Legal Form :	Limited Liability Company
Line of Business :	· Agents involved in the sale of food, beverages and tobacco · Agents specialised in the sale of other particular products · Warehousing and storage;
No. of Employees :	400

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

SUMMARY
COMPANY NAME	OOO Vostok-Zapad
ADDRESS	Building	Street			Area			PO Box
	N/A	Usievicha Street 24/2			Aeroport District			125315 Moscow
TEL/FAX	Verified Phones: (+7 495) 232 2121 ext. 483 / (+7 495) 223 0431 / Fax: (+7 495) 913 8726
EMAIL/WEBSITE	Email: kondrashenkova_a@ews.ru / foodservice@ews.ru / Website: www.ews.ru
ACTIVITY	NACE 4617 - Agents involved in the sale of food, beverages and tobacco; NACE 4618 - Agents specialised in the sale of other particular products; NACE 5210 - Warehousing and storage;
PRINCIPAL	Aleksandr Adamovich Dovgiy					Workforce
	Managing Director					400
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	03/10/2007		OGRN 1075044005002	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			15,000,000

IDENTIFICATION
CO. NAME	OOO Vostok-Zapad
TRADEMARK	Vostok-Zapad / EWS
ALSO KNOWN NAME (S)	East West Co Ltd
STREET	Usievicha Street 24/2
AREA	Aeroport District
POSTAL ADDRESS	125315 Moscow
CITY	Moscow
COUNTRY	Russia
TELEPHONE	(+7 495) 232 2121 ext. 483 (Import Manager) / (+7 495) 223 0431 / (+7 495) 739 9801 / Mobile (+7 965) 323 6667
FAX	(+7 495) 913 8726
VERIFIED EMAIL	kondrashenkova_a@ews.ru / foodservice@ews.ru
WEBSITE	www.ews.ru
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	09:00-18:00	13:00-14:00
REGISTERED ADDRESS	Zelenogradskaya Street Bld 1, Solechnogorsk District, Elino Village, Moscow Region 141580

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Aleksandr Adamovich Dovgiy Nationality: Russian Tax Code: INN 501703223990	Managing Director
	Anna Kondrashenkova	Import Manager
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	400	01.2018

FINANCIAL SUMMARY
REVENUE	31/12/2016	31/12/2015
	RUBLE 11,502,713,000	RUBLE 8,038,014,000
NET PROFIT / (LOSS)	31/12/2016	31/12/2015
	RUBLE 322,198,000	RUBLE (64,896,000)
PROFIT BEFORE TAX	RUBLE 419,098,000 as of 31/12/2016
STOCK/INVENTORIES	RUBLE 869,710,000 as of 31/12/2016

LEGAL STATUS
INCORPORATION	03/10/2007
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1075044005002	Federal Tax Service
OTHER REGISTRATION NO.	INN 5044062003 (Tax Code) / KPP 504401001 / OKPO 81688202 (Statistics Code) / OKTMO 46652416121
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	15,000,000	RUBLE
PAID-UP CAPITAL	AMOUNT	CURRENCY
	15,000,000	RUBLE
LEGAL FORM	Limited Liability Company
BUSINESS HISTORY	The Company was incorporated in Russia on 3 October 2007, however its origins can be traced back to 1996. Initially, subject’s sole shareholder was Webster Holdings Limited (Cyprus). In February 2018, subject’s shareholding structure changed to the present.
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	Mikhail Georgievich Gusakov Nationality: Russian Tax Code: INN 772908733930	100.00%

OPERATION
BANKERS	PAO Sberbank Vavilova Street 19 117997 Moscow Russia Telephone: +(7 495) 957 5731 Fax : +(7 495) 747 4758 The subject also has an account with other local banks.
ACTIVITY CODE (NACE)	4617 - Agents involved in the sale of food, beverages and tobacco; 4618 - Agents specialised in the sale of other particular products; 5210 - Warehousing and storage;
LINE OF BUSINESS	Trading as importers and suppliers of HoReCa industry products, fresh fruits and vegetables, cleaning substances & detergents for foodservice, disposable products, canned vegetables, beverages, dairy products, meat & poultry, ice-cream and desserts as well as confectionery and bakery ingredients. Subject’s suppliers includes: Nippon Meat Packers Australia Pty Ltd, Rangers Valley, Rock Valley, Silver Fern, Star, Grimaud, Zeelandia, Pritchitts, Irca, Seacold, Lamb Weston, Ardo, Movenpick, Scholler, American Foods Group, Italcanditi, Italpizza, Pfalzgraf, Taylor Preston Limited, Brinkers Patisserie Group, Bretagne Negoce International, MacDonald Meat Company, Ovation, Frutta Dolce, Wichmann Enten GmbH, St. Sever and Tyson Fresh Meats, Inc.
IMPORT FROM	worldwide, mainly from Australia, New Zealand, Japan, China, France, the Netherlands, UK, Italy, India, Belgium, Turkey, Morocco, Germany, Switzerland and USA.
EXPORT TO	Subject does not engage in exporting activities.
FACILITIES	Premises comprising administrative offices located at the heading address as well as 8 warehouse facilities/branch offices located throughout Russian Federation (see “Branch Offices” below)
BRANCH OFFICES	1. Zelenograd warehouse complex 1 Zelenogradskaja st., Elino Village, Solnechnogorsky District Moscow Region 141580 Tel: (+7 495) 739 9801 Fax: (+7 495) 739 9802 2. South warehouse complex 8, Proyektiryemy proyezd 4386 st., Moscow Tel: (+7 495) 739 9801 3. St.-Petersburg 84 lit "i" Kubiskaya Street St.-Petersburg 196240 Tel: (+7 812) 244 0111 Fax: (+7 812) 335 5163 E-mail: info@ews.spb.ru 4. Ekaterinburg 22A Montazhnikov Street Ekaterinburg 620050 Tel: (+7 343) 323 3444 Fax: (+7 343) 323 3077 5. Krasnodar 2 Neftanikov Street Krasnodar 350051 Tel: (+7 861) 201 1212 Fax: (+7 861) 201 1211 E-mail: info@kr.ews.ru 6. Krasnodar warehouse complex Industrial area No. 6, Vasyurinskoe JV, Dinskoy district Krasnodar region 353225 Tel: (+7 861) 201 1212 7. Novosibirsk 27/1 Plahotnogo Street Novosibirsk 630108 Tel: (+7 383) 230 3090 Fax: (+7 383) 210 5540 E-mail: info@nsk.ews.ru 8. Novosibirsk warehouse complex 11/1 Pasichna str., Sadoviy village Terminal A, Gate 28-32 Novosibirsk
VEHICLES	Subject has over 200 trucks for distribution purposes.
RELATED COMPANIES	Associates 1. OOO East-West Logistics 1 Zelenogradskaja st., Elino Village, Solnechnogorsky District Moscow Region 141580 Russia Est.: 29/11/2012 C.R. No.: OGRN 1127747197478 Tax Code: INN 7734691410 Managing Director: Igor Vasilev Sole Shareholder: Mikhail Gusakov 2. OOO Kompozit Spb Novaya Pustozh village, Vsevolozhskiy District Leningrad Region 188681 Russia Est.: 19/08/2003 C.R. No.: OGRN 1037816051844 Tax Code: INN 7806145558 Managing Director: Vladislav Zabolotin Sole Shareholder: Mikhail Gusakov 3. OOO Profpostovka Soldatskiy pereulok 10, Flat 265 Moscow 111020 Russia Est.: 12/05/2010 C.R. No.: OGRN 1107746392929 Tax Code: INN 7710867182 Managing Director: Pavel Belousov Sole Shareholder: Mikhail Gusakov 4. OOO Vostok-Zapad Servis SPB Kubinskaya Street 84, Liter I Saint Petersburg 196240 Russia Est.: 19/06/2002 C.R. No.: OGRN 1027810344561 Tax Code: INN 7826142354 Managing Director: Pavel Belousov Sole Shareholder: Mikhail Gusakov 5. OOO Razvitie-M 1 Zelenogradskaja st., Elino Village, Solnechnogorsky District Moscow Region 141580 Russia Est.: 25/12/2000 C.R. No.: OGRN 1035008850271 Tax Code: INN 5044030548 Managing Director: Oleg Dobrolovskiy Sole Shareholder: Mikhail Gusakov 6. OOO Vostok-Zapad Consulting Usievich Street 24/2, Building 1 Moscow 125315 Russia Est.: 03/10/1996 C.R. No.: OGRN 1027700111922 Tax Code: INN 7712090920 Managing Director: Irina Minaeva Sole Shareholder: Mikhail Gusakov 7. OOO Vostok-Zapad Krasnodar Village Industrialniy, Liter 3 Krasnodar 350056 Russia Est.: 27/02/2010 C.R. No.: OGRN 1102308001861 Tax Code: INN 2308165305 Managing Director: Pavel Belousov Sole Shareholder: Mikhail Gusakov 8. OOO Prodinko 1 Zelenogradskaja st., Elino Village, Solnechnogorsky District Moscow Region 141580 Russia Est.: 17/02/1997 C.R. No.: OGRN 1027700236332 Tax Code: INN 7735081263 Managing Director: Aleksey Mityanov 9. OOO Mekhanika Usievich Street 24/2, Building 1 Moscow 125315 Russia Est.: 10/02/2015 C.R. No.: OGRN 1157746091656 Tax Code: INN 7743059053 Managing Director: Nikolay Rostovtsev

FINANCIAL INFORMATION
CURRENCY	RUBLE
PERIOD	31/12/2016	31/12/2015
CURRENT ASSETS	2,615,124,000	1,962,199,000
STOCK/INVENTORIES	869,710,000	485,688,000
NON-CURRENT ASSETS	234,708,000	346,258,000
CURRENT LIABILITIES	1,170,880,000	953,741,000
NON-CURRENT LIABILITIES	6,340,000	4,302,000
EQUITY	1,672,612,000	1,350,414,000
BALANCE TOTAL	2,849,832,000	2,308,457,000
REVENUE	11,502,713,000	8,038,014,000
NET PROFIT / LOSS	322,198,000	(64,896,000)
NOTES	Balance sheets as at 31 December 2016 showed : 31/12/2016 31/12/2015 (in RUBLE) ASSETS Non-current assets Intangible assets 678,000 805,000 Fixed assets 208,440,000 226,414,000 Deferred tax assets 12,108,000 100,827,000 Other non-current assets 13,482,000 18,212,000 Total non-current assets 234,708,000 346,258,000 Current assets Stock 869,710,000 485,688,000 Value added tax on purchased valuables 190,000 17,810,000 Trade receivables 1,537,315,000 1,206,208,000 Financial investments 823,000 552,000 Cash equivalents 50,613,000 162,290,000 Other current assets 156,473,000 89,651,000 Total current assets 2,615,124,000 1,962,199,000 TOTAL ASSETS 2,849,832,000 2,308,457,000 EQUITY & LIABILITIES Share capital 15,000,000 15,000,000 Added capital 1,746,443,000 1,746,443,000 Retained earnings -88,831,000 -411,029,000 Total Equity 1,672,612,000 1,350,414,000 Long-term Liabilities Deferred tax liabilities 6,340,000 4,302,000 Total long-term liabilities 6,340,000 4,302,000 Short-term Liabilities Accounts payable 1,120,048,000 919,969,000 Total Short-term Liabilities 1,170,880,000 953,741,000 TOTAL EQUITY & LIABILITIES 2,849,832,000 2,308,457,000 INCOME STATEMENT Revenue 11,502,713,000 8,038,014,000 Cost of Sales (8,397,176,000) (5,840,030,000) Gross Profit 3,105,537,000 2,197,984,000 Commercial expenses (2,720,155,000) (2,007,039,000) Profit(loss) from sales 385,382,000 190,945,000 Other income and expenses Interest income 380,000 1,490,000 Interest payable (370,000) (8,297,000) Other income 162,290,000 505,054,000 Other expenses (128,584,000) (747,081,000) Profit(loss) before taxation 419,098,000 (57,889,000) Change in deferred tax assets (87,065,000) (2,075,000) Change in deferred tax liabilities 2,038,000 4,201,000 Current income tax (1,715,000) 0 Net Profit(loss) 322,198,000 (64,896,000)

SPECIAL REMARKS
INTERVIEWED	Anna Kondrashenkova (Import Manager).
COMMENTS	You enquired on: EAST WEST CO LTD. 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: 141580 MOSCOW REGION SOLECHNOGORSK DIST ELINO VILLAGE ZELENOGRADSKAYA STR BLD 1, Russian Federation applies to subject’s warehouse complex and registered address.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.08
UK Pound	1	INR 89.85
Euro	1	INR 80.16
RUB	1	INR 1.15

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

INFORMATION DETAILS

Analysis Done by :	VAR
Report Prepared by :	SYL

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.