MIRA INFORM REPORT

Report No. :	510947
Report Date :	28.05.2018

IDENTIFICATION DETAILS

Name :	OOO TD AGROMIRM
Registered Office :	Miklukho-Maklaya Street 8, Building 3, Office 226, Obruchevskiy District, 117198 Moscow
Country :	Russia
Financials (as on) :	31.12.2016
Date of Incorporation :	31.05.2010
Com. Reg. No.:	OGRN 1107746441868
Legal Form :	Limited Liability Company
Line of Business :	Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods.
No. of Employees :	10

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 TD AGROMIRM
ADDRESS	Building	Street			Area			PO Box
	N/A	Miklukho-Maklaya Street 8, Building 3, Office 226			Obruchevskiy District			117198 Moscow
PHONE	Verified Phones: (+7 861) 730 1790 (Subject’s customs clearance agent)
EMAIL/WEBSITE	Email: svetlana-tl@mail.ru / Website: N/A
ACTIVITY	NACE 4611 - Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods;
PRINCIPAL	Albert Valentinovich Sinelnikov					Workforce
	Managing Director					10
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	31/05/2010		OGRN 1107746441868	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			10,000

IDENTIFICATION
CO. NAME	OOO TD AGROMIRM
ALSO KNOWN NAME (S)	OOO Torgoviy Dom AGROMIRM / LLC Trade House AGROMIRM
STREET	Miklukho-Maklaya Street 8, Building 3, Office 226
AREA	Obruchevskiy District
POSTAL ADDRESS	117198 Moscow
CITY	Moscow
COUNTRY	Russia
TELEPHONE	(+7 861) 730 1790 (Subject’s customs clearance agent) / (+7 495) 456 0087 (reallocated to a residence)
VERIFIED EMAIL	svetlana-tl@mail.ru / blacksea@mail.ru / orion.nvrsk@gmail.com
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	09:00-18:00	13:00-14:00
REGISTERED ADDRESS	Miklukho-Maklaya Street 8, Building 3, Office 226, Obruchevskiy District, 117198 Moscow, Russia

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Albert Valentinovich Sinelnikov Nationality: Russian Tax Code: INN 773119756499	Managing Director
	Ms. Olga	Customs Clearance Officer
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	10	05.2018

FINANCIAL SUMMARY
REVENUE	31/12/2016	31/12/2015
	RUBLE 227,293,000	RUBLE 125,482,000
NET PROFIT / (LOSS)	31/12/2016	31/12/2015
	RUBLE 2,134,000	RUBLE 1,818,000
PROFIT BEFORE TAX	RUBLE 2,668,000 as of 31/12/2016
STOCK/INVENTORIES	RUBLE 28,150,000 as of 31/12/2016
FISCAL YEAR-END	31 December.

LEGAL STATUS
INCORPORATION	31/05/2010
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1107746441868	Federal Tax Service
OTHER REGISTRATION NO.	INN 7728737402 (Tax Code) / KPP 772801001 / OKPO 66826210 (Statistics Code) / OKTMO 45905000000
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 May 2010.
LEGAL FORM	Limited Liability Company
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	Yulia Aleksandrovna Khanina Nationality: Russian Tax Code: INN 230814454512	100.00%

OPERATION
BANKERS	Details of subject’s bankers details could not be learnt.
ACTIVITY CODE (NACE)	4611 - Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods;
LINE OF BUSINESS	Trading as importers and wholesalers of canned fruits & vegetables, food ingredients, spices and tea products.
IMPORT FROM	mainly from India, Iran and Turkey.
EXPORT TO	Subject does not engage in exporting activities.
TRADE REFERENCES	1. Giti Ofogh Ariya Co No.5 Nabovat SQ Tehran Iran 2. Valbe Foods (India) Pvt. Ltd Flat No. 18 & 18A, Deepti Apartaments, No. 9- 1-7/83 & 84, 3rd Floor, S.P.Road, Secunderabad India 3. Limtex (India) Ltd The Legacy, 2nd Floor, 25A Shakespeare Sarani, Kolkata - 700017 India 4. Deccan Exports Flat No.18 & 18A, Deepthi Apartments, 9-1- 7/83&84, 3rd Floor, Sardar Patel, Secunderabad 500003 India 5. As Gida Uretim ve Pazarlama A.S. Prof. Dr. Bulent Tarcan sok. 5, 34349 Gayrettepe, Istanbul Turkey 6. Delecto Foods Pvt Ltd FLAT No. 18&18A, Deepthi Apartments, No. 9-1- 7/83 &84, 3rd floor, S.P. Road Secunderabad 500003 India
FACILITIES	Leased premises comprising administrative offices located at the heading address as well as branch offices located in Krasnodar Region and Novosibirsk.
RELATED COMPANIES	Associate OOO Prestizh Severnaya Promzona 16, Apartment 310A Leninskiy District Moscow Region 142700 Est.: 13/11/2014 C.R. No.: OGRN 1145003003529 Tax Code: INN 5003111653 Sole Shareholder: Yulia Aleksandrovna Khanina

FINANCIAL INFORMATION
CURRENCY	RUBLE
PERIOD	31/12/2016	31/12/2015
CURRENT ASSETS	457,868,000	358,668,000
STOCK/INVENTORIES	28,150,000	13,810,000
CURRENT LIABILITIES	452,619,000	354,045,000
NON-CURRENT LIABILITIES	0	1,500,000
EQUITY	5,249,000	3,123,000
BALANCE TOTAL	457,868,000	358,668,000
REVENUE	227,293,000	125,482,000
NET PROFIT / LOSS	2,134,000	1,818,000
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 28,150,000 13,810,000 Value added tax on purchased valuables 1,398,000 1,942,000 Trade receivables 256,057,000 181,973,000 Financial investments 170,168,000 160,134,000 Cash equivalents 2,095,000 809,000 Total current assets 457,868,000 358,668,000 TOTAL ASSETS 457,868,000 358,668,000 EQUITY & LIABILITIES Share capital 10,000 10,000 Retained earnings 5,239,000 3,113,000 Total Equity 5,249,000 3,123,000 Total long-term liabilities 0 1,500,000 Short-term liabilities Borrowings 4,959,000 5,026,000 Accounts payable 447,660,000 349,019,000 Total Short-term liabilities 452,619,000 354,045,000 TOTAL EQUITY & LIABILITIES 457,868,000 358,668,000 INCOME STATEMENT Revenue 227,293,000 125,482,000 Cost of Sales (196,804,000) (101,225,000) Gross Profit 30,489,000 24,257,000 Commercial expenses (24,751,000) (15,684,000) Profit(loss) from sales 5,738,000 8,573,000 Other income and expenses Interest payable (971,000) (289,000) Other income 9,489,000 8,496,000 Other expenses (11,588,000) (14,507,000) Profit(loss) before taxation 2,668,000 2,273,000 Current income tax (534,000) (455,000) Net Profit(loss) 2,134,000 1,818,000

SPECIAL REMARKS
INTERVIEWED	Ms. Olga (Customs Clearance Officer).

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 :	VAR
Report Prepared by :	TRU

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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