MIRA INFORM REPORT

Report No. :	499338
Report Date :	24.03.2018

IDENTIFICATION DETAILS

Name :	ELEKTRO POTENTIAL CHP
Formerly Known As :	OOO ELEKTRO POTENTIAL / ELEKTRO POTENTIAL LLC
Registered Office :	8-mavze 50-uy, Apartment 104, Yunusobod District, Tashkent
Country :	Uzbekistan
Financials (as on) :	2017 [Summarized]
Date of Incorporation :	15.10.2007
Com. Reg. No.:	INN 206935449
Legal Form :	Private Enterprise
Line of Business :	· Trading as importers, wholesalers and retailers of electrical goods. · Distributors for OAO Almaz Rossiya (Russia, trademark “HEGEL”), ZAO Potentsial (Russia, subsidiary of Schneider Electric) and OOO Simon Elektrik (Russia).
No. of Employees :	6

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

Maximum Credit Limit :	115,000,000 SUM
Status :	Moderate
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)
United States	A1	A1

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

UNITED STATES - ECONOMIC OVERVIEW

Uzbekistan is a doubly landlocked country in which 51% of the population lives in urban settlements; the agriculture-rich Fergana Valley, in which Uzbekistan’s eastern borders are situated, has been counted among the most densely populated parts of Central Asia. Since its independence in September 1991, the government has largely maintained its Soviet-style command economy with subsidies and tight controls on production, prices, and access to foreign currency. Despite ongoing efforts to diversify crops, Uzbek agriculture remains largely centered on cotton; Uzbekistan is the world's fifth-largest cotton exporter and seventh-largest producer. Uzbekistan's growth has been driven primarily by state-led investments, and export of natural gas, gold, and cotton provides a significant share of foreign exchange earnings.

Recently, lower global commodity prices and economic slowdowns in neighboring Russia and China have hurt Uzbekistan's trade and investment and worsened its foreign currency shortage. Aware of the need to improve the investment climate, the government is taking incremental steps to reform the business sector and address impediments to foreign investment in the country. Since the death of first President Islam KARIMOV and election of President Shavkat MIRZIYOYEV, emphasis on such initiatives and government efforts to improve the private sector have increased. In the past, Uzbek authorities accused US and other foreign companies operating in Uzbekistan of violating Uzbek laws and have frozen and seized their assets.

As a part of its economic reform efforts, the Uzbek Government is looking to expand opportunities for small and medium enterprises and prioritizes increasing foreign direct investment. In September 2017, the government devalued the official currency rate by almost 50% and announced the loosening of currency restrictions to eliminate the currency black market, increase access to hard currency, and boost investment.

Source : CIA

BRIEF SUMMARY
COMPANY NAME	ELEKTRO POTENTIAL CHP
ADDRESS	Street	Area			Landmark			PO Box
	Bodomzor Yoli Street 2B	Yunusabad District			Near to Gidromettsentr			100084 Tashkent
TEL/FAX	Verified Phones: (+998 71) 150 1220 / (+998 98) 300 3821 Fax: (+998 71) 150 1220
EMAIL/WEBSITE	Email: mz1958@yandex.ru / Website: N/A
ACTIVITY	NACE 4754 - Retail sale of electrical household appliances in specialised stores;
PRINCIPAL	Mikhail Valeryevich Zakharin					Workforce
	Managing Director					6
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	15/10/2007		INN 206935449	Private Enterprise			Active
CAPITAL	CURRENCY			AMOUNT
	USD			120,000
OPINION ON MAX CREDIT	CURRENCY			AMOUNT
	SUM (UZS)			115,000,000

IDENTIFICATION
CO. NAME	ELEKTRO POTENTIAL CHP
ENQUIRED NAME	ELEKTRO POTENTIAL LLC
ALSO KNOWN NAME (S)	ELEKTRO POTENTIAL PRIVATE ENTERPRISE / ELEKTRO POTENTIAL XK / ELEKTRO POTENTIAL CHASTNOE PREDRIYATIE
FORMER NAME	OOO ELEKTRO POTENTIAL / ELEKTRO POTENTIAL LLC
STREET	Bodomzor Yoli Street 2B
AREA	Yunusabad District
LANDMARK	Near to Gidromettsentr
POSTAL ADDRESS	100084 Tashkent
CITY	Tashkent
COUNTRY	Uzbekistan
TELEPHONE	(+998 71) 150 1220 / Mobile (+998 98) 300 3821 (Mikhail Valeryevich Zakharin)
FAX	(+998 71) 150 1220
VERIFIED EMAIL	mz1958@yandex.ru
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	09:00-18:00	13:00-14:00
REGISTERED ADDRESS	8-mavze 50-uy, Apartment 104, Yunusobod District, Tashkent

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Mikhail Valeryevich Zakharin	Managing Director
	Ms. Olga	Office Manager
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	6	03.2018

FINANCIAL SUMMARY
REVENUE	31/12/2017	31/12/2016
	SUM 5,000,000,000	SUM 3,200,000,000
NET PROFIT (LOSS)	SUM 480,000,000
STOCK/INVENTORIES	USD 180,000 as of March 2018

LEGAL STATUS
INCORPORATION	15/10/2007
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	003255-10	Ministry of Justice of the Republic of Uzbekistan
OTHER REGISTRATION NO.	INN 206935449 (Tax Code) / OKPO 22166209 (Statistics Code) / OKONKh 71150 (Activity Code)
AUTHORISED CAPITAL	AMOUNT		CURRENCY
	USD		120,000
PAID-UP CAPITAL	AMOUNT		CURRENCY
	USD		120,000
LEGAL FORM	Private Enterprise
BUSINESS HISTORY	The Company was incorporated in Uzbekistan on 15 October 2007 as a limited liability company under the name Elektro Potential OOO (aka Elektro Potential LLC). On 22 March 2017, subject was converted into a private enterprise with the present name and ownership.
STATUS	Active
SHAREHOLDERS	NAME		PERCENTAGE
	Mikhail Valeryevich Zakharin Nationality: Uzbekistani		100.00%

OPERATION
BANKERS	UzpromStroyBank JSCB Shaxrisabzkaya Street 3 Tashkent 100000 Telephone: (+998 71) 120 3594 Fax : (+998 71) 120 3594 Acc. No.: 20214000704652459001 MFO: 00442
ACTIVITY CODE (NACE)	4754 - Retail sale of electrical household appliances in specialized stores;
LINE OF BUSINESS	Trading as importers, wholesalers and retailers of electrical goods. Distributors for OAO Almaz Rossiya (Russia, trademark “HEGEL”), ZAO Potentsial (Russia, subsidiary of Schneider Electric) and OOO Simon Elektrik (Russia).
IMPORT FROM	Russia and occasionally from Germany
EXPORT TO	Subject does not engage in exporting activities.
FACILITIES	Rented premises comprising administrative offices, a retail outlet and storage facilities located at the heading address.

PAYMENT RECORDS
CREDIT OPINION	We consider it is acceptable to deal with subject for SMALL amounts.
CREDIT LIMIT RECOMMENDATION	CURRENCY	AMOUNT
	SUM	115,000,000
FINANCIAL STRENGTH	Normal
EMPLOYEE RANGE	ER7

SPECIAL REMARKS
INTERVIEWED	Mikhail Valeryevich Zakharin (Managing Director).
COMMENTS	You enquired on: ELEKTRO POTENTIAL LLC. Please note that this name applies to subject's former name. Subject's current registered name is as per heading.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.13
UK Pound	1	INR 91.95
Euro	1	INR 80.34
UZS	1	INR 0.0078

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

INFORMATION DETAILS

Analysis Done by :	VAR
Report Prepared by :	TPT

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.