MIRA INFORM REPORT

Report No. :	510942
Report Date :	29.05.2018

IDENTIFICATION DETAILS

Name :	OOO MORSERVICE-CONTAINER
Registered Office :	Krasnaya Street 108, Office 32 village Kirillovka, Krasnodar Region 353960 Novorossiysk
Country :	Russia
Financials (as on) :	31.12.2016
Date of Incorporation :	06.09.2004
Com. Reg. No.:	OGRN 1042309094695
Legal Form :	Limited Liability Company
Line of Business :	Subject is engaged in Trading as importers and wholesalers of preservatives and concentrates for canned food production, mainly vegetables and fruits.
No. of Employees :	12

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

BRIEF SUMMARY
COMPANY NAME	OOO MORSERVICE-CONTAINER
ADDRESS	Building	Street			Area			PO Box
	N/A	Krasnaya Street 108, Office 32			village Kirillovka, Krasnodar Region			353960 Novorossiysk
TEL/FAX	Verified Phones: (+7 8617) 267 070 / (+7 8617) 300 020 (Accounts Dept.) / Fax: (+7 8617) 267 080
EMAIL/WEBSITE	Email: info@ntyug.ru / Website: N/A
ACTIVITY	NACE 4638 - Wholesale of other food, including fish, crustaceans and molluscs; NACE 4690 - Non-specialised wholesale trade;
PRINCIPAL	Roman Nikolaevich Kovalev					Workforce
	Managing Director					12
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	06/09/2004		OGRN 1042309094695	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			10,000

IDENTIFICATION
CO. NAME	OOO MORSERVICE-CONTAINER
ENQUIRED NAME	MORSERVICE CONTAINER LLC
ALSO KNOWN NAME (S)	OOO MSK / MORSERVICE CONTAINER LLC / OOO MORSERVIS-KONTEYNER
STREET	Krasnaya Street 108, Office 32 Krasnaya Street 108, Office 32
AREA	village Kirillovka, Krasnodar Region
POSTAL ADDRESS	353960 Novorossiysk
CITY	Novorossiysk
COUNTRY	Russia
TELEPHONE	(+7 8617) 267 070 / (+7 8617) 300 020 (Accounts Dept.)
FAX	(+7 8617) 267 080
VERIFIED EMAIL	info@ntyug.ru / tomatsnab@mail.ru
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	09:00-18:00	13:00-14:00
REGISTERED ADDRESS	Krasnaya Street 108, Office 32 Krasnaya Street 108, Office 32, village Kirillovka, Krasnodar Region, 353960 Novorossiysk, Russia

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Roman Nikolaevich Kovalev	Managing Director
	Irina Valierievna Vostrikova	Accounts Manager
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	12	05.2018

FINANCIAL SUMMARY
REVENUE	31/12/2017	31/12/2016
	RUBLE 492,000,000	RUBLE 175,043,000
NET PROFIT / (LOSS)	31/12/2017	31/12/2016
	RUBLE 510,000	RUBLE 547,000
STOCK/INVENTORIES	RUBLE 190,000,000 (as of May 2018)
FISCAL YEAR-END	31 December.

LEGAL STATUS
INCORPORATION	06/09/2004
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1042309094695	Federal Tax Service
OTHER REGISTRATION NO.	INN 2315110057 (Tax Code) / KPP 231501001 / OKPO 74249264 (Statistics Code) / OKTMO 03720000161
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	10,000	RUBLE
PAID-UP CAPITAL	AMOUNT	CURRENCY
	10,000	RUBLE
BUSINESS HISTORY	The Company was incorporated in Russia on 6 September 2004.
LEGAL FORM	Limited Liability Company
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	Oleg Gennadievvich Semizhon Nationality: Russian Tax Code: INN 231520279299	100.00%

OPERATION
BANKERS	1. PJS Commercial Bank Center-Invest Sovetova/Karla Marksa Street 42/11 Novorossiysk Russia Telephone: (+7 8617) 676 283 SWIFT: CCIVRU2R 2. PAO Sberbank Sovetova Street 14 Novorossiysk Russia Telephone: (+7 800) 555 5550
ACTIVITY CODE (NACE)	4638 - Wholesale of other food, including fish, crustaceans and molluscs; 4690 - Non-specialised wholesale trade;
LINE OF BUSINESS	Trading as importers and wholesalers of preservatives and concentrates for canned food production, mainly vegetables and fruits. Subject closely cooperates with the following companies: 1. OOO Novotrans Yug Krasnaya Street 108, Office 32 Krasnaya Street 108, Office 32, village Kirillovka, Krasnodar Region, 353960 Novorossiysk Russia Est.: 03/12/2002 Managing Director: Mikhail Rozenfeld 2. OOO Novotrans Kapital Gorkogo Street 11 Krasnodar Region, 353991 Novorossiysk Russia Est.: 27/12/2016 Managing Director: Vladimir Babas 3. OOO Fresh M Novorossiysk Russia
IMPORT FROM	India, China and occasionally from Italy and South Africa.
EXPORT TO	Subject does not engage in exporting activities.
TRADE REFERENCES	1. Rodolfi Mansueto S.p.A Strada Qualatico ,14-43044 OZZANO TARO – Collecchio(Parma) –Italy 2. Chalkis Wujiaqu Wujiaqu Tomato Products Co., Ltd China 3. Vigneshwar Exports 24-B, S.H. High Road, Tirunelveli, Tamil Nadu, 627001 India 4. RB Agro Exports No. 407, 3rd Floor, 7th Cross, Hsr Layout Bangalore - 560 102 Karnataka India 5. Xinjiang Xinjian Tomato Products Co., Ltd 25th Regiment, Bohu County, 841403, Xinjiang, China 6. VALBE FOODS (INDIA) PVT. LTD Lat No.201, S.V.Sai Vipulat Apartements 6-1- 192//A//2 Padmarao Nagar, Secunderabad – 500 025 India 7. Garden City Agro Exports Pvt Ltd Sy No 3/3 ,Nadavathi Village Post, Via Kadugodi , Bangalore – 560 067, Karnataka , India 8. Boland Pulp (Pty) Ltd 8 Industrial Road, Wellington 7654 South Africa
FACILITIES	Owned premises comprising administrative offices and storage facilities located at the heading address.

FINANCIAL INFORMATION
CURRENCY	RUBLE
PERIOD	31/12/2016	31/12/2015
CURRENT ASSETS	265,725,000	257,167,000
STOCK/INVENTORIES	222,728,000	185,656,000
NON-CURRENT ASSETS	14,707,000	1,805,000
CURRENT LIABILITIES	277,178,000	256,264,000
NON-CURRENT LIABILITIES	0	0
EQUITY	3,254,000	2,707,000
BALANCE TOTAL	280,432,000	258,971,000
REVENUE	175,043,000	264,963,000
NET PROFIT / LOSS	547,000	2,158,000
NOTES	Balance sheets as at 31 December 2016 showed : 31/12/2016 31/12/2015 (in RUBLE) ASSETS Non-current assets Fixed assets 14,707,000 1,805,000 Total non-current assets 14,707,000 1,805,000 Current assets Stock 222,728,000 185,656,000 Trade receivables 41,110,000 71,473,000 Cash equivalents 1,887,000 38,000 Total current assets 265,725,000 257,167,000 TOTAL ASSETS 280,432,000 258,971,000 EQUITY & LIABILITIES Total Equity 3,254,000 2,707,000 Total long-term liabilities 0 0 Short-term liabilities Accounts payable 260,728,000 256,264,000 Other liabilities 16,450,000 0 Total Short-term Liabilities 277,178,000 256,264,000 TOTAL EQUITY & LIABILITIES 280,432,000 258,971,000 INCOME STATEMENT Revenue 175,043,000 264,963,000 Cost of Sales (190,877,000) (249,706,000) Gross Profit (15,834,000) 15,257,000 Profit(loss) from sales (15,834,000) 15,257,000 Other income and expenses Interest payable (1,285,000) (11,008,000) Other income 27,510,000 7,398,000 Other expenses (9,708,000) (8,950,000) Profit(loss) before taxation 683,000 2,697,000 Current income tax (136,000) (539,000) Net Profit(loss) 547,000 2,158,000

PAYMENT RECORDS
FINANCIAL STRENGTH	Normal
EMPLOYEE RANGE	ER6

SPECIAL REMARKS
COMMENTS	You enquired on: MORSERVICE CONTAINER LLC. 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 67.44
UK Pound	1	INR 89.88
Euro	1	INR 79.00
RUB	1	INR 1.08

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

INFORMATION DETAILS

Analysis Done by :	PRI
Report Prepared by :	DNS

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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