MIRA INFORM REPORT

Report No. :	509263
Report Date :	16.05.2018

IDENTIFICATION DETAILS

Name :	OOO NEVASTAR
Registered Office :	Sofiyskaya Street 60, Bldg 32/1, Frunzenskiy District, 192241 Saint Petersburg,
Country :	Russia
Financials (as on) :	31.12.2016
Date of Incorporation :	01.09.2015
Com. Reg. No.:	1157847297508
Legal Form :	Limited Liability Company
Line of Business :	· Wholesale of fruit and vegetables · Retail sale of fruit and vegetables in specialised stores
No. of Employees :	35

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 :	Satisfactory
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

Company Summery

COMPANY NAME	OOO Nevastar
ADDRESS	Building	Street			Area			PO Box
	N/A	Sofiyskaya Street 60, Bldg 32/1			Frunzenskiy District			192241 Saint Petersburg
TEL/FAX	Verified Phones: (+7 812) 386 6556 ext. 117 / (+7 911) 962 5304 / Fax: (+7 812) 331 6638
EMAIL	buh@z-y-fruits.ru
ACTIVITY	NACE 4631 - Wholesale of fruit and vegetables; NACE 4721 - Retail sale of fruit and vegetables in specialised stores;
PRINCIPAL	Ismail Ibragimovich Kargayev					Workforce
	Managing Director					35
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	01/09/2015		OGRN 1157847297508	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			10,000

BUSINESS INFORMATION

IDENTIFICATION
CO. NAME	OOO Nevastar
ENQUIRED NAME	Nevastar Ltd
STREET	Sofiyskaya Street 60, Bldg 32/1
AREA	Frunzenskiy District
POSTAL ADDRESS	192241 Saint Petersburg
CITY	Saint Petersburg
COUNTRY	Russia
TELEPHONE	(+7 812) 386 6556 ext. 117 (Irada Rustamovna Mamedova) / (+7 812) 331 6616 / (+7 812) 331 6637 / Mobile (+7 911) 962 5304 (Ismail Ibragimovich Kargayev)
FAX	(+7 812) 331 6638
VERIFIED EMAIL	buh@z-y-fruits.ru
WEBSITE	www.z-y-fruits.ru
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	09:00-18:00	13:00-14:00
REGISTERED ADDRESS	Sofiyskaya Street 60, Bldg 32/1, Frunzenskiy District, 192241 Saint Petersburg, Russia

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Ismail Ibragimovich Kargayev Nationality: Russian Tax Code: INN 151403034344	Managing Director
	Elena Aslangerievna Kamurzaeva Irada Rustamovna Mamedova	Executive Director Accountant
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	35	05.2018
	70 (subject and its affiliates)	01.2018

FINANCIAL SUMMARY
REVENUE	31/12/2017	31/12/2016
	RUBLE 1,350,000,000	RUBLE 839,766,000
NET PROFIT / (LOSS)	31/12/2017	31/12/2016
	RUBLE 5,000,000	RUBLE 1,390,000
PROFIT BEFORE TAX	RUBLE 1,737,000 as of 31/12/2016
STOCK/INVENTORIES	RUBLE 6,871,000 as of 31/12/2016
FISCAL YEAR-END	31 December

LEGAL STATUS
INCORPORATION	01/09/2015
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1157847297508	Federal Tax Service
OTHER REGISTRATION NO.	INN 7816282585 (Tax Code) / KPP 781601001 / OKPO 23174843 (Statistics Code) / OKTMO 40906000000 / OKATO 40296565000
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 1 September 2015.
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	Dunyamaly Sakhib Ogly Gamidov Nationality: Russian Tax Code: INN 561500593105 * It is understood that Imran Orudzh Ogly Shibliev is the unofficial owner of the business.	100.00%

OPERATION
BANKERS	JSC UniCredit Bank nab. Fontanki 48/2 Saint Petersburg 196084 Russia Telephone: (+7 812) 346 8410 Fax : (+7 812) 346 8410 SWIFT: IMBKRUMM
ACTIVITY CODE (NACE)	4631 - Wholesale of fruit and vegetables; 4721 - Retail sale of fruit and vegetables in specialised stores;
LINE OF BUSINESS	Trading as importers and wholesalers of fresh fruits and vegetables.
IMPORT FROM	Worldwide, mainly from Argentina, Chile, Peru, India, Costa Rica, Ecuador, Brazil, Morocco, Egypt, Turkey, China and Pakistan.
EXPORT TO	Subject does not engage in exporting activities.
TRADE REFERENCES	1. Soc. San Francisco Lo Garces LTDA Fundo Santa Margarita S/N San Francisco Mostazal Chile 2. Tropical Argentina S.R.L. De la Pala y Del Mar (B1771ARA) Mercado Central de Buenos Aires, Provincia de Buenos Aires Argentina 3. COSUR S.A. Urquiza 871 Piso Pb - 2000, Rosario, Santa Fe Argentina 4. Sterling-Peru SAC Calle Eolo 105, Urb Olimpo-ATE, Lima Peru 5. Rio Blanco SPA Avda. Andres Bello 2711 Piso 8 Las Condes Santiago Chile 6. Agricola El Maitenal S.A. Tocornal 8200, Santa Maria, San Felipe, Chile 7. Frutos Tropical del Norte S.A. Cal.Vicente De La Vega Nro. 866 Int. 1 Lambayeque – Chiclayo Peru 8. Agricola Zeit Organisch SAC La Ladera, El Panteon Olmos- Lambayeque Peru 9. Agroindustrias Jose Luis SAC Calle Camino Real Mz. N, Lt. 2, Urbanizacion San Francisco Ate, Lima 03 Peru 10.Jose Luis Sanchez Calle Rawson s/n Albardon, San Juan Argentina 11.Mr. Jagan A Shinde At/Post- OZAR, Tal-Niphad, Dist-Nashik, MS India 12.Mr. Sadanand Sayajirao Shivle At -Parmori, Post- Avankhed, Tal-Dindori, Dist-Nashik, MS India 13.Mr. Bhausaheb Balasaheb Shirsath India 14.MFRUIT S.R.L Botarro 2885, San Pedro (2930) Buenos Aires 15.DOMEXPORT S.A. KM 5 Route D'azemmour Dar Bouazza Bp 125129 Casablanca Morocco 16.Citrusvil S.A. Ruta N°302 - km 7 - Cevil Pozo - Cruz Alta (T4178XAX) Argentina 17.Agrofam S.A.C. Peru 18.Nobel S.A. Av. Belgrano S/N - CP3228 - Chajari - Entre Rios Argentina 19.Santa Luisa Vina Santa Luisa S/N – Coltauco Chile 20.Cosur S.A. Urquiza 871- P.B.- Rosario (S2000ANA)-Santa Fe Argentina 21.Emelka S.A. Sarmiento 1405 – Piso 2 – 8332 – General Roca (CP 8332) - Rio Negro Argentina 22.Exportadora Geofrut Ltda Av. Santa Clara 301, Of 4804, Huechuraba, Santiago Chile 23.ZETONE & SABBAG Primeros Pobladores 2500 - Gral. Roca - Rio Negro Argentina 24.Fakhar Sandhu & Co. Chak No.19 S.B,Tehsil Kotmomin,District Sargodha-Punjab Pakistan 25.Mr. Anil Rangnath Pagar At-Bopegaon, Post- Khedgaon, Tal-Dindori, Dist-Nashik, MS 26.Deccan Edibles Pvt. Ltd. 1/2, New D’lima Chawl, Bamanwada,Sahar P.O., Andheri (East), Mumbai - 400099, Maharashtra India 27.Pak Kinno Factory Chak No. 10 NB. Tehsil Bhalwal District Sargodha Pakistan 28.Productos Agropecuarlos Visa S.A. 1.5 km West from the Banco Nacional de Costa Rica, Pital, San Carlos Costa Rica 29.FANALBA S. A. Plaza Lagos Town Center, Edificio Mirador Oeste, piso 2, oficina 2.22 km. 6.5 Via Samborondon Ecuador 30.Bhikaji Narayan Babar A/P Chopdi Tal Sangola DI Slapur India 31.Sanmenxia Hongfong Fruits And Vegetables Co., Ltd. China
FACILITIES	Rented premises comprising administrative offices and storage facilities located at the heading address.
RELATED COMPANIES	Associate OOO Troya Import Sofiyskaya Street 60, Block 1/3 Frunzenskiy District 192241 Saint Petersburg Russia Telephone: (+7 812) 331 6616 Est.: 12/12/2014 C.R. No.: OGRN 1147847440256 Tax Code: INN 7816601383 Managing Director: Elena Aslangerievna Kamurzaeva Sole Shareholder: Imran Orudzh Ogly Shibliev

FINANCIAL INFORMATION
CURRENCY	RUBLE
NOTES	Balance sheets as at 31 December 2016 showed : 31/12/2016 31/12/2015 (in RUBLE) ASSETS Non-current assets Fixed assets 1,209,000 0 Total non-current assets 1,209,000 0 Current assets Stock 6,871,000 0 Value added tax on purchased valuables 222,000 0 Trade receivables 76,107,000 1,687,000 Cash equivalents 19,058,000 4,000 Total current assets 102,258,000 1,691,000 TOTAL ASSETS 103,467,000 1,691,000 EQUITY & LIABILITIES Total Equity 1,188,000 0 Total long-term liabilities 0 0 Short-term Liabilities Accounts payable 102,279,000 1,673,000 Total Short-term Liabilities 102,279,000 1,673,000 TOTAL EQUITY & LIABILITIES 103,467,000 1,691,000 INCOME STATEMENT Revenue 839,766,000 1,738,000 Cost of Sales (819,305,000) (1,659,000) Gross Profit 20,461,000 79,000 Commercial expenses (22,987,000) 0 Profit(loss) from sales (2,526,000) 79,000 Other income and expenses Other income 18,344,000 0 Other expenses (14,081,000) (57,000) Profit(loss) before taxation 1,737,000 22,000 Current income tax (347,000) (4,000) Net Profit(loss) 1,390,000 18,000

SPECIAL REMARKS
INTERVIEWED	Irada Rustamovna Mamedova (Accountant).
COMMENTS	You enquired on: Nevastar Ltd. 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 60.53
UK Pound	1	INR 91.49
Euro	1	INR 80.53
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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