MIRA INFORM REPORT

Report No. :	499501
Report Date :	26.03.2018

IDENTIFICATION DETAILS

Name :	OOO CINORA
Registered Office :	Grazhdanskiy Avenue 111, Lit A, Apartment 5H, Office 301.1, Kalininskiy District, 195265 Saint Petersburg
Country :	Russia
Date of Incorporation :	21.03.2017
Com. Reg. No.:	OGRN 1177847105578
Legal Form :	Limited Liability Company
Line of Business :	Trading as importers and wholesalers of covers and accessories for mobile phones & computers as well as confectionery products.
No. of Employees :	5

RATING & COMMENTS

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

MIRA’s Rating :

NB

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 (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 CINORA
ADDRESS	Building	Street			Area			PO Box
	N/A	Grazhdanskiy Avenue 111, Lit A, Apartment 5H, Office 301.1			Kalininskiy District			195265 Saint Petersburg
TEL/FAX	Verified Phones: (+7 960) 250 1479
EMAIL/WEBSITE	Email: cinora2017@gmail.com / Website: N/A
ACTIVITY	NACE 4636 - Wholesale of sugar and chocolate and sugar confectionery; NACE 4690 - Non-specialised wholesale trade;
PRINCIPAL	Vitaliy Nikolaevich Pyshnyak					Workforce
	Managing Director					5
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	21/03/2017		OGRN 1177847105578	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE			10,000
OPINION ON MAX CREDIT	NOTES			START DATE OF BUSINESS ACTIVITIES
	NB - New Business less than 24 months old			March 2017

IDENTIFICATION
CO. NAME	OOO CINORA
ENQUIRED NAME	CINORA LTD
ALSO KNOWN NAME (S)	SINORA OOO
STREET	Grazhdanskiy Avenue 111, Lit A, Apartment 5H, Office 301.1
AREA	Kalininskiy District
POSTAL ADDRESS	195265 Saint Petersburg
CITY	Saint Petersburg
COUNTRY	Russia
MOBILE	(+7 960) 250 1479
FAX	Subject currently does not use any landline phone or fax.
VERIFIED EMAIL	cinora2017@gmail.com
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	09:00-18:00	13:00-14:00
REGISTERED ADDRESS	Grazhdanskiy Avenue 111, Lit A, Apartment 5H, Office 301.1, Kalininskiy District, 195265 Saint Petersburg, Russia

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Vitaliy Nikolaevich Pyshnyak	Managing Director
	Ms. Elena	Manager
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	5	03.2018

FINANCIAL SUMMARY
NOTES	As the Buyer has only recently started trading, relevant financial information is not available.
FISCAL YEAR-END	31 December

LEGAL STATUS
INCORPORATION	21/03/2017
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1177847105578	Federal Tax Service
OTHER REGISTRATION NO.	INN 7804593547 (Tax Code) / KPP 780401001
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	10,000	RUBLE
PAID-UP CAPITAL	AMOUNT	CURRENCY
	10,000	RUBLE
LEGAL FORM	Limited Liability Company
BUSINESS HISTORY	The Company was incorporated in Russia on 21 March 2017.
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	Vitaliy Nikolaevich Pyshnyak Nationality: Russian INN: 470300591906	100.00%

OPERATION
BANKERS	PAO Bank Saint-Petersburg Nastavnikov Avenue 19 Saint Petersburg Russia Telephone: +(7 812) 329 5050 SWIFT: JSBSRU2P Subject also has an account with other local banks.
ACTIVITY CODE (NACE)	NACE 4636 - Wholesale of sugar and chocolate and sugar confectionery; NACE 4690 - Non-specialised wholesale trade;
LINE OF BUSINESS	Trading as importers and wholesalers of covers and accessories for mobile phones & computers as well as confectionery products.
IMPORT FROM	China
EXPORT TO	Subject does not engage in exporting activities.
TRADE REFERENCES	Elitetimes Technology Limited Foshan, Nanhai, Guicheng, Haotian Science Park, B1 Area, Building 4 – A Guangdong China
FACILITIES	Premises comprising administrative offices located at the heading address.

PAYMENT RECORDS
CREDIT OPINION	NB - New Business less than 24 months old. No trade experience of payments is available.
CREDIT LIMIT RECOMMENDATION	As the subject has recently been established and has no financial or payment track record, we recommend dealing on fully secured terms.
FINANCIAL STRENGTH	High
EMPLOYEE RANGE	ER7

SPECIAL REMARKS
INTERVIEWED	Ms. Elena (Manager).
COMMENTS	You enquired on: CINORA 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.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.13
UK Pound	1	INR 91.95
Euro	1	INR 80.34
RUB	1	INR 1.13

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

INFORMATION DETAILS

Analysis Done by :	NIY
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.