MIRA INFORM REPORT

Report No. :	508802
Report Date :	14.05.2018

IDENTIFICATION DETAILS

Name :	OOO AGROCHIMINVEST
Registered Office :	Andreevыkaya Quay 1, Ground Floor, Building 4 Rooms 1-7, 119334 Moscow
Country :	Russia
Financials (as on) :	31.12.2016
Date of Incorporation :	30.10.2013
Com. Reg. No.:	OGRN 5137746013400
Legal Form :	Limited Liability Company
Line of Business :	· Wholesale of chemical products · Manufacture of pesticides and other agrochemical products
No. of Employees :	100 [2018]

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 AgroChimInvest
ADDRESS	Building	Street			Area			PO Box
	N/A	Andreevыkaya Quay 1, Ground Floor, Building 4 Rooms 1-7			Gagarinskiy District			119334 Moscow
TEL/FAX	Verified Phones: (+7 495) 225 1683 / (+7 495) 150 1169 / (+7 985) 869 7323 / Fax: (+7 495) 225 1683
EMAIL/WEBSITE	Email: info@agrochiminvest.ru / Website: www.agrochiminvest.ru
ACTIVITY	NACE 4675 - Wholesale of chemical products; NACE 2020 - Manufacture of pesticides and other agrochemical products;
PRINCIPAL	Vadim Evgenievich Gorelov					Workforce
	Managing Director					100
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	30/10/2013		OGRN 5137746013400	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			10,000

IDENTIFICATION
CO. NAME	OOO AgroChimInvest
ENQUIRED NAME	LLC AGROCHIMINUEST
TRADEMARK	Sinbetan / NEO / Stinger Trio / ExpertOf
ALSO KNOWN NAME (S)	AgroChimInvest LLC / AGROCHIMINVEST OOO
STREET	Andreevыkaya Quay 1, Ground Floor, Building 4 Rooms 1-7
AREA	Gagarinskiy District
POSTAL ADDRESS	119334 Moscow
CITY	Moscow
COUNTRY	Russia
TELEPHONE	(+7 495) 225 1683 / (+7 495) 150 1169 / Mobiles: (+7 985) 869 7323 (Export Manager) / (+7 925) 360 2120 / (+7 926) 010 0996
FAX	(+7 495) 225 1683
VERIFIED EMAIL	info@agrochiminvest.ru / alina@agrochiminvest.com / sales@agrochiminvest.com / vadim@agrochiminvest.ru
WEBSITE	www.agrochiminvest.ru
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	09:00-18:00	13:00-14:00
REGISTERED ADDRESS	Andreevыkaya Quay 1, Ground Floor, Building 4 Rooms 1-7, 119334 Moscow, Russia

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Vadim Evgenievich Gorelov Nationality: Russian Tax Code: INN 771542110626	Managing Director
	Alina Aleksandrovna Kryuchkova Ms. Tatyana	Export Manager Accountant
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	100	01.2018

FINANCIAL SUMMARY
REVENUE	31/12/2017 (approx)	31/12/2016
	RUBLE 1,600,000,000	RUBLE 1,420,404,000
NET PROFIT / (LOSS)	31/12/2017	31/12/2016
	RUBLE 110,000,000	RUBLE 126,681,000
PROFIT BEFORE TAX	RUBLE 158,507,000 as of 31/12/2016
STOCK/INVENTORIES	RUBLE 248,344,000 as of 31/12/2016

LEGAL STATUS
INCORPORATION	30/10/2013
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 5137746013400	Federal Tax Service
OTHER REGISTRATION NO.	INN 7736666603 (Tax Code) / KPP 773601001 / OKPO 18908409 (Statistics Code) / OKTMO 45398000000
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 30 October 2013, however its origins can be traced back to 2008.
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	OOO AAA Polevaya Street 16, Anapskiy District, village Yurovka, Krasnodar Region 353425 Russia Est.: 15/07/2009 C.R. No.: OGRN 1092301001682 Tax Code: INN 2301071707 Managing Director: Vadim Evgenievich Gorelov Shareholders: Aleksandr Ivanovich Lalko – 45% Nikolay Nikolaevich Andrianov – 45% Vadim Evgenievich Gorelov – 10%	100.00%

OPERATION
BANKERS	PAO Sberbank Vavilova Street 19 117997 Moscow Russia Telephone: (+7 495) 957 5731 Fax : (+7 495) 747 4758
ACTIVITY CODE (NACE)	4675 - Wholesale of chemical products; 2020 - Manufacture of pesticides and other agrochemical products;
LINE OF BUSINESS	Manufacturers and exporters of agrochemical products, mainly coriander seeds. Trading as importers and suppliers of agrochemical products.
IMPORT FROM	mainly from China.
EXPORT TO	India, Sri Lanka, Pakistan, Nepal, Indonesia, Malaysia, Singapore, UAE, Yemen, Poland and Belarus.
TRADE REFERENCES	1. Honbor Industrial Co. Ltd China 2. Shanghai Agrochina International Trade Co. Ltd China 3. Beijing Leili Marine Bioindustry China 4. Hunan Bide Biochemical Technology Co. Ltd China 5. Jiangsu Repont Pesticide Factory Co., Ltd. China 6. Shenyang Saincreat Chemical Co Ltd China 7. Sinochem Shanghai Co. Ltd China 8. Jining High Technology Development Zone Yongfeng Chemical Plant China 9. Jiangsu Good Harvest-Weien Agrochemical Co. Ltd China 10.Flag Chem International Co. Ltd China 11.Truschem Co Ltd China 12.AO FMRus Russia
FACILITIES	Premises comprising administrative offices located at the heading address as well as 2 manufacturing units located elsewhere in Krasnodar and Krym Region.
RELATED COMPANIES	Associates 1. OOO NPO RosAgroChim Khamovnicheskiy Val Street 2, Apartment V Moscow 119270 Russia Est.: 28/01/2003 C.R. No.: OGRN 1037706005050 Tax Code: INN 7706289549 Shareholders: Aleksandr Ivanovich Lalko – 51% Nikolay Nikolaevich Andrianov – 49% 2. OOO NPP Pursat-Servis Oranzhereynaya Street 23 Moscow 111622 Russia Est.: 27/10/2000 C.R. No.: OGRN 1037739364277 Tax Code: INN 7720252477 Shareholders: Aleksandr Ivanovich Lalko – 90% Damir Ismailovich Udavliev – 5% Nikolay Ivanovich Popov – 5%

FINANCIAL INFORMATION
CURRENCY	RUBLE
PERIOD	31/12/2016	31/12/2015
CURRENT ASSETS	813,742,000	747,517,000
STOCK/INVENTORIES	248,344,000	199,664,000
NON-CURRENT ASSETS	6,161,000	5,037,000
CURRENT LIABILITIES	662,198,000	721,399,000
NON-CURRENT LIABILITIES	0	0
EQUITY	157,705,000	31,155,000
BALANCE TOTAL	819,903,000	752,554,000
REVENUE	1,420,404,000	829,354,000
NET PROFIT / LOSS	126,681,000	84,132,000
NOTES	Balance sheets as at 31 December 2016 showed (latest available): 31/12/2016 31/12/2015 (in RUBLE) ASSETS Non-current assets Fixed assets 6,085,000 4,946,000 Other non-current assets 76,000 91,000 Total non-current assets 6,161,000 5,037,000 Current assets Stock 248,344,000 199,664,000 Value added tax on purchased valuables 470,000 679,000 Trade receivables 251,351,000 42,154,000 Financial investments 58,956,000 4,725,000 Cash equivalents 254,247,000 500,252,000 Other current assets 374,000 43,000 Total current assets 813,742,000 747,517,000 TOTAL ASSETS 819,903,000 752,554,000 EQUITY & LIABILITIES Share capital 10,000 10,000 Retained earnings 157,695,000 31,145,000 Total Equity 157,705,000 31,155,000 Total long-term Liabilities 0 0 Short-term Liabilities Borrowings 0 0 Accounts payable 662,198,000 721,399,000 Total Short-term Liabilities 662,198,000 721,399,000 TOTAL EQUITY & LIABILITIES 819,903,000 752,554,000 INCOME STATEMENT Revenue 1,420,404,000 829,354,000 Cost of Sales 1,180,394,000 709,738,000 Gross Profit 240,010,000 119,616,000 Commercial expenses 97,970,000 38,043,000 Profit(loss) from sales 142,040,000 81,573,000 Other income and expenses Interest income 114,000 1,385,000 Interest payable 48,000 0 Other income 840,865,000 534,919,000 Other expenses 824,464,000 525,972,000 Profit(loss) before taxation 158,507,000 91,905,000 Current income tax 31,826,000 7,773,000 Net Profit(loss) 126,681,000 84,132,000

SPECIAL REMARKS
INTERVIEWED	Alina Aleksandrovna Kryuchkova (Export Manager).
COMMENTS	You enquired on: AGROCHIMINVEST LIMITED LIABILITY COMPANY. Please note that this name is 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 67.22
UK Pound	1	INR 90.88
Euro	1	INR 80.09
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 :	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.