MIRA INFORM REPORT

Report No. :	510952
Report Date :	28.05.2018

IDENTIFICATION DETAILS

Name :	OOO PRODIMPORT
Registered Office :	Moiseenko Street 8-B, Liter A, Office 1-N, Centralniy District, 191144 Saint Petersburg
Country :	Russia
Financials (as on) :	31.12.2016
Date of Incorporation :	31.07.2012
Com. Reg. No.:	OGRN 1127847403419
Legal Form :	Limited Liability Company
Line of Business :	· Non-specialised wholesale of food, beverages and tobacco · Wholesale of fruit and vegetables
No. of Employees :	15 [2018]

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

Status :	Moderate
Payment Behaviour :	Slow but Correct
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 PRODIMPORT
ADDRESS	Building	Street			Area			PO Box
	N/A	Moiseenko Street 8-B, Liter A, Office 1-N			Centralniy District			191144 Saint Petersburg
TEL/FAX	Verified Phones: (+7 812) 210 6023 / (+7 904) 611 5087 (Managing Director) / (+7 812) 710 2536 / Fax: (+7 812) 309 0563
EMAIL/WEBSITE	Email: info@prod-import.ru / omatveev@a-rt-marine.com Website: www.prod-import.ru
ACTIVITY	NACE 4639 - Non-specialised wholesale of food, beverages and tobacco; NACE 4631 - Wholesale of fruit and vegetables;
PRINCIPAL	Oleg Yurievich Matveev					Workforce
	Managing Director					15
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	31/07/2012		OGRN 1127847403419	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			10,000

IDENTIFICATION
CO. NAME	OOO PRODIMPORT
STREET	Moiseenko Street 8-B, Liter A, Office 1-N
AREA	Centralniy District
POSTAL ADDRESS	191144 Saint Petersburg
CITY	Saint Petersburg
COUNTRY	Russia
TELEPHONE	(+7 812) 210 6023 / (+7 812) 710 2536 / (+7 812) 309 0563 / Mobile (+7 904) 611 5087 (Managing Director)
FAX	(+7 812) 309 0563
VERIFIED EMAIL	info@prod-import.ru / omatveev@a-rt-marine.com / bookkeeping@a-rt-marine.com
WEBSITE	www.prod-import.ru / www.a-rt-marine.com
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	09:00-18:00	13:00-14:00
REGISTERED ADDRESS	Moiseenko Street 8-B, Liter A, Office 1-N, Centralniy District, 191144 Saint Petersburg, Russia

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Oleg Yurievich Matveev Nationality: Russian Tax Code: INN 602707663309	Managing Director
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	15	05.2018

FINANCIAL SUMMARY
REVENUE	31/12/2017	31/12/2016
	RUBLE 200,000,000	RUBLE 253,954,000
NET PROFIT / (LOSS)	31/12/2017	31/12/2016
	RUBLE 1,000,000	RUBLE 274,000
PROFIT BEFORE TAX	RUBLE 343,000 as of 31/12/2016
FISCAL YEAR-END	31 December.

LEGAL STATUS
INCORPORATION	31/07/2012
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1127847403419	Federal Tax Service
OTHER REGISTRATION NO.	INN 7842479450 (Tax Code) / KPP 784201001 / OKPO 9637420 (Statistics Code) / OKTMO 40911000000
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	10,000	RUBLE
PAID-UP CAPITAL	AMOUNT	CURRENCY
	10,000	RUBLE
BUSINESS HISTORY	The Company was incorporated in Russia on 31 July 2012.
LEGAL FORM	Limited Liability Company
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	Danil Vladimirovich Vladimirskiy Nationality: Russian Tax Code: INN 780620758556	100.00%

OPERATION
BANKERS	1. PAO Sberbank Vavilova Street 19 117997 Moscow Russia Telephone: (+7 495) 957 5731 Fax : (+7 495) 747 4758 2. AO Raiffeisenbank Severnaya Stolitsa Branch Nab. Reki Moyki 36 Saint Petersburg Russia Telephone: (+7 812) 334 4343 SWIFT: RZBMRUMM Subject also has an account with other local banks.
ACTIVITY CODE (NACE)	4639 - Non-specialised wholesale of food, beverages and tobacco; 4631 - Wholesale of fruit and vegetables;
LINE OF BUSINESS	Trading as importers and wholesaler of fresh fruits and vegetables as well as foodstuff.
IMPORT FROM	mainly from India, Pakistan, China and Israel.
EXPORT TO	Subject does not engage in exporting activities.
TRADE REFERENCES	1. Zahid Kinnow Grading & Waxing Plant Pakistan, 6 Km Kotmomin Road, Bhalwal, Sargoda Pakistan 2. Iftekhar Ahmed & Co Plot № 07, New Fruit & Vegetable Market, Super Highway, Karachi Pakistan 3. Xiamen Pak Shing Import & Export Co. Ltd Room 1109,No.90,South Hubin Road, Xiamen China 4. Chase International 6&7 Humera Mansion G. Allana Road Kharadar Pakistan 5. Garden City Agro Exports Pvt Ltd No:106, 1 ST A Cross, Guttahalli Chowdappa Building, Gangamma temple Street, M V Extention, Hoskote, Bangalore - 562 114, India 6. D.C. Paper & Plastic Industries Ltd Israel
FACILITIES	Leased premises comprising administrative offices located at the heading address as well as storage facilities located elsewhere in Saint Petersburg.
RELATED COMPANIES	Associates 1. OOO Artmarine Novogorodskaya Street 23, Room 146-N Saint Petersburg 191124 Est.: 01/11/2013 C.R. No.: OGRN 1137847421689 Tax Code: INN 7805634884 Shareholders: Roman Tolstolutskiy – 40% Danil Vladimirovich Vladimirskiy – 40% Elena Evgenievna Davydova – 20% 2. OOO Artmarine Group Novogorodskaya Street 23, Room 146-N Saint Petersburg 191124 Est.: 05/06/2008 C.R. No.: OGRN 1089847229064 Tax Code: INN 7804392463 Shareholders: Roman Tolstolutskiy – 40% Danil Vladimirovich Vladimirskiy – 30% Elena Evgenievna Davydova – 30% Website: www.a-rt-marine.com

FINANCIAL INFORMATION
CURRENCY	RUBLE
NOTES	Balance sheets as at 31 December 2016 showed : 31/12/2016 31/12/2015 (in RUBLE) ASSETS Total non-current assets 0 0 Current assets Stock 0 1,949,000 Trade receivables 8,721,000 4,039,000 Cash equivalents 4,058,000 156,000 Total current assets 12,779,000 6,144,000 TOTAL ASSETS 12,779,000 6,144,000 EQUITY & LIABILITIES Total Equity 9,566,000 1,483,000 Total long-term liabilities 0 0 Short-term Liabilities Borrowings 0 1,630,000 Accounts payable 3,213,000 3,031,000 Total Short-term Liabilities 3,213,000 4,661,000 TOTAL EQUITY & LIABILITIES 12,779,000 6,144,000 INCOME STATEMENT Revenue 253,954,000 131,853,000 Cost of Sales (267,439,000) (132,371,000) Gross Profit (13,485,000) (518,000) Profit(loss) from sales (13,485,000) (518,000) Other income and expenses Other income 26,631,000 19,736,000 Other expenses (12,803,000) (16,759,000) Profit(loss) before taxation 343,000 2,459,000 Current income tax (69,000) (13,000) Net Profit(loss) 274,000 2,446,000

SPECIAL REMARKS
INTERVIEWED	Oleg Yurievich Matveev (Managing Director).
COMMENTS	You enquired on: LLC PRODIMPORT. 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 68.26
UK Pound	1	INR 91.22
Euro	1	INR 79.88
RUB	1	INR 1.08

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

INFORMATION DETAILS

Analysis Done by :	NIY
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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