MIRA INFORM REPORT

Report No. :	511238
Report Date :	30.05.2018

IDENTIFICATION DETAILS

Name :	OOO SISTEMY KHRANENIA
Registered Office :	B. Pochtovaya Street 36, Building 5, Basmanniy District, 105082 Moscow
Country :	Russia
Financials (as on) :	31.12.2016
Date of Incorporation :	13.05.2013
Com. Reg. No.:	OGRN 1137746412550
Legal Form :	Limited Liability Company
Line of Business :	Trading as importers, wholesalers and suppliers of textile products as well as synthetic fibers and synthetic fabrics.
No. of Employees :	15 [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 :	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

SUMMARY
COMPANY NAME	OOO SISTEMY KHRANENIA
ADDRESS	Building	Street			Area			PO Box
	N/A	B. Pochtovaya Street 36, Building 5			Basmanniy District			105082 Moscow
TEL/FAX	Verified Phones: (+7 495) 745 0912 / Fax: (+7 495) 745 0912 ext. 205
EMAIL/WEBSITE	Email: import2@textile.ru / Website: N/A
ACTIVITY	NACE 4641 - Wholesale of textiles;
PRINCIPAL	Rabadan Omarovich Rabadanov					Workforce
	Managing Director					15
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	13/05/2013		OGRN 1137746412550	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			12,500

IDENTIFICATION
CO. NAME	OOO SISTEMY KHRANENIA
STREET	B. Pochtovaya Street 36, Building 5
AREA	Basmanniy District
POSTAL ADDRESS	105082 Moscow
CITY	Moscow
COUNTRY	Russia
TELEPHONE	(+7 495) 745 0912 / Mobile (+7 916) 027 0050
FAX	(+7 495) 745 0912 ext. 205
VERIFIED EMAIL	import2@textile.ru / storsys2015@gmail.com
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	09:00-17:00	13:00-14:00
REGISTERED ADDRESS	B. Pochtovaya Street 36, Building 5, Basmanniy District, 105082 Moscow, Russia

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Rabadan Omarovich Rabadanov	Chief Executive Officer
	Vasiliy Leonidovich Yegorov Olga Viktorovna	Logistics Manager Purchasing Manager at Tchaikovsky Textile
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	15	05.2018

FINANCIAL SUMMARY
REVENUE	31/12/2017 (approx)	31/12/2016
	RUBLE 1,000,000,000	RUBLE 1,277,283,000
NET PROFIT / (LOSS)	31/12/2017	31/12/2016
	RUBLE 15,000,000	RUBLE 19,933,000
PROFIT BEFORE TAX	RUBLE 24,987,000 as of 31/12/2016
STOCK/INVENTORIES	RUBLE 323,870,000 as of 31/12/2016
FISCAL YEAR-END	31 December.

LEGAL STATUS
INCORPORATION	13/05/2013
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1137746412550	Federal Tax Service
OTHER REGISTRATION NO.	INN 7724875708 (Tax Code) / KPP 770101001 / OKPO 17571988 (Statistics Code) / OKTMO 45375000000
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	12,500	RUBLE
PAID-UP CAPITAL	AMOUNT	CURRENCY
	12,500	RUBLE
BUSINESS HISTORY	The Company was incorporated in Russia on 13 May 2013.
LEGAL FORM	Limited Liability Company
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	Rabadan Omarovich Rabadanov Nationality: Russian Tax Code: INN 616852371810 As a matter of interest Mr Rabadan Omarovich Rabadanov is also Director for the communication with the enterprises at the following company: Tchaikovsky Textile Ltd build. 1, h. 29-33, Nizhegorodskaya Street Moscow 109052 Russia Telephone: (+7 495) 745 0914 Tchaikovsky Textile is the leading Russian manufacturer of fabrics for workwear and military uniform. Its fast developing and successful holding with more than half a century history.	100.00%

OPERATION
BANKERS	PAO Sberbank Vavilova Street 19 117997 Moscow Russia Telephone: (+7 495) 957 5731 Fax : (+7 495) 747 4758 Subject also has an account with other local banks.
ACTIVITY CODE (NACE)	4641 - Wholesale of textiles;
LINE OF BUSINESS	Trading as importers, wholesalers and suppliers of textile products as well as synthetic fibers and synthetic fabrics. Subject mainly supplies and closely cooperates with the following: Tchaikovsky Textile Group of Companies build. 1, h. 29-33, Nizhegorodskaya Street Moscow 109052 Russia Telephone: (+7 495) 745 0914 The leading Russian developer and manufacturer of fabrics for military uniform. It is included in Consolidated Register of organizations of OPK of the Russian Federation. The production is conducted in full technological cycle and is certified according to ISO 9001, ISO 14001 and OHSAS 18001. In the assortment range there are: - fabrics for uniform shirts; - fabrics for winter, semi-season and summer field and everyday uniforms; - fabrics of special application. Development and production are held in close cooperation with specialists of power structures in thorough compliance with requirements using latest achievements of light industry. The Group consists of more than 40 companies.
IMPORT FROM	Europe, India and China.
EXPORT TO	Subject does not engage in exporting activities.
TRADE REFERENCES	Suzhou Shenghai International Trading Co. Ltd 802, No.1729, South Zhongshan Rd. Wujiang City, Jiangsu China
FACILITIES	Rented premises comprising administrative offices located at the heading address as well as one branch office located in Tchaikovsky town, Permsky krai, 617766.
RELATED COMPANIES	Associates 1. OOO Spets-Komfort Pochtovaya Street 36, Building 5 Basmanniy District 105082 Moscow Russia Est.: 07/11/2016 C.R. No.: OGRN 5167746302092 Tax Code: INN 9701054138 Sole Shareholder: Rabadan Omarovich Rabadanov 2. OOO Spetsoboronteks Zarayskaya Street 21, Room 201 Moscow 109428 Russia Est.: 31/01/2018 C.R. No.: OGRN 1187746099144 Tax Code: INN 9721061430 Shareholders: Rabadan Omarovich Rabadanov – 50% OOO Tchaikovskiy Tekstilniy Servis – 50%

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 323,870,000 134,825,000 Value added tax on purchased valuables 0 4,000 Trade receivables 107,709,000 27,043,000 Financial investments 24,400,000 17,000,000 Cash equivalents 632,000 343,000 Other currents assets 54,553,000 11,387,000 Total current assets 511,164,000 190,602,000 TOTAL ASSETS 511,164,000 190,602,000 EQUITY & LIABILITIES Total Equity 20,294,000 361,000 Total long-term liabilities 0 0 Short-term liabilities Borrowings 5,451,000 36,000 Accounts payable 485,419,000 190,205,000 Total Short-term Liabilities 490,870,000 190,241,000 TOTAL EQUITY & LIABILITIES 511,164,000 190,602,000 INCOME STATEMENT Revenue 1,277,283,000 42,969,000 Cost of Sales (1,170,726,000) (32,638,000) Gross Profit 106,557,000 10,331,000 Commercial expenses (105,659,000) (1,846,000) Profit(loss) from sales 898,000 8,485,000 Other income and expenses Interest income 2,299,000 0 Interest payable (616,000) 0 Other income 50,791,000 267,000 Other expenses (28,385,000) (8,313,000) Profit(loss) before taxation 24,987,000 439,000 Current income tax (5,054,000) (88,000) Net Profit(loss) 19,933,000 351,000

SPECIAL REMARKS
INTERVIEWED	Olga Viktorovna (Purchasing Manager at Tchaikovsky Textile Ltd).
COMMENTS	You enquired on: STORAGE SYSTEM 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 67.82
UK Pound	1	INR 90.17
Euro	1	INR 78.70
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 :	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.