MIRA INFORM REPORT

Report No. :	512009
Report Date :	31.05.2018

IDENTIFICATION DETAILS

Name :	OOO AROSI
Registered Office :	Ozernaya Street 39, Kaliningradskaya Region, 236029 Kaliningrad
Country :	Russia
Financials (as on) :	31.12.2016
Date of Incorporation :	18.05.2000
Com. Reg. No.:	OGRN 1023900776470
Legal Form :	Limited Liability Company
Line of Business :	Subject is engaged in importers and wholesalers of spices, food ingredients as well as vegetables and fruits.
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 :	Satisfactory
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

BRIEF SUMMARY
COMPANY NAME	OOO AROSI
ADDRESS	Building	Street			Area			PO Box
	N/A	Ozernaya Street 39			Kaliningradskaya Region			236029 Kaliningrad
TEL/FAX	Verified Phones: (+7 4012) 219 380 / (+7 4012) 988 058 / Fax: (+7 4012) 219 380
EMAIL/WEBSITE	Email: arosi@list.ru / Website: N/A
ACTIVITY	NACE 4631 - Wholesale of fruit and vegetables; NACE 4637 - Wholesale of coffee, tea, cocoa and spices;
PRINCIPAL	Vitaliy Petrovich Osipenko					Workforce
	Managing Director					10
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	18/05/2000		OGRN 1023900776470	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	RUBLE (RUB)			10,000

IDENTIFICATION
CO. NAME	OOO AROSI
ALSO KNOWN NAME (S)	LLC AROSI
STREET	Ozernaya Street 39
AREA	Kaliningradskaya Region
POSTAL ADDRESS	236029 Kaliningrad
CITY	Kaliningrad
COUNTRY	Russia
TELEPHONE	(+7 4012) 219 380 / (+7 4012) 988 058 / Mobiles (+7 911) 453 3029 / (+7 963) 298 8569
FAX	(+7 4012) 219 380
VERIFIED EMAIL	arosi@list.ru
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Mon-Fri	09:00-18:00	13:00-14:00
REGISTERED ADDRESS	Ozernaya Street 39, Kaliningradskaya Region, 236029 Kaliningrad, Russia

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Vitaliy Petrovich Osipenko	Managing Director
	Maria Sergeevna Kuznetsova	International Relations Manager
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	10	05.2018

FINANCIAL SUMMARY
REVENUE	31/12/2017	31/12/2016
	RUBLE 65,000,000	RUBLE 63,397,000
NET PROFIT / (LOSS)	31/12/2017	31/12/2016
	RUBLE 5,000,000	RUBLE 7,404,000
PROFIT BEFORE TAX	RUBLE 8,084,000 as of 31/12/2016
STOCK/INVENTORIES	RUBLE 10,158,000 as of 31/12/2016
FISCAL YEAR-END	31 December.

LEGAL STATUS
INCORPORATION	18/05/2000
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	OGRN 1023900776470	Federal Tax Service
OTHER REGISTRATION NO.	INN 3905036979 (Tax Code) / KPP 390601001 / OKPO 51803321 (Statistics Code) / OKTMO 27701000001
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	10,000	RUBLE
PAID-UP CAPITAL	AMOUNT	CURRENCY
	10,000	RUBLE
BUSINESS HISTORY	The Company was incorporated in Russia on 18 May 2000.
LEGAL FORM	Limited Liability Company
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	1. Vitaliy Petrovich Osipenko Nationality: Russian Tax Code: INN 391800053601 2. Artem Osipenko Nationality: Russian Tax Code: INN 390516714438	90.00% 10.00%

OPERATION
BANKERS	1. PAO Sberbank Kievskaya Street 95-101 Kaliningrad Russia Telephone: (+7 495) 957 5731 Fax : (+7 495) 747 4758 2. ZAO IKB Evropeyskiy Kutuzova Street 39 Kaliningrad 236010 Russia Telephone: (+7 4012) 951 222 Fax : (+7 4012) 665 660
ACTIVITY CODE (NACE)	4631 - Wholesale of fruit and vegetables; 4637 - Wholesale of coffee, tea, cocoa and spices;
LINE OF BUSINESS	Trading as importers and wholesalers of spices, food ingredients as well as vegetables and fruits.
IMPORT FROM	Europe, Germany, Poland, India and China.
EXPORT TO	Subject does not engage in exporting activities.
TRADE REFERENCES	1. Emsland-Starke GmbH Emslandstrade 58, D-49824 Emlichheim Germany 2. Dhaval Agri Exports B-9, Market Yard, Rajkot – 360 003, Gujarat, India 3. Yancheng Dadi Foods Co., Ltd 30 Kaifang Road, Yancheng, Jiangsu China 4. Fullrich Import and Export (Anhui) Co., Ltd o. 365 Middle Changjiang Road, Hefei, Anhui, China 5. M/S Fivestar Dehydration Pvt. Ltd. Ramapara Road, Talaja - 364140, Dist. Bhavnagar-(Gujarat) India 6. Suszarnia Warzyw Jaworski Spolka Akcyjna Spolka Komandytowa Bramki, ul. Lodzka 41, 05-870 Blonie Poland 7. Xinghua Tongquan Foods Co., Ltd Daying, Economic Development Zone, Xinghua, Jiangsu China
FACILITIES	Premises comprising administrative offices and storage facilities located at the heading address.
RELATED COMPANIES	Associate OOO LARS Ozernaya Street 39 Kaliningrad 236029 Russia Est.: 29/04/2013 C.R. No.: OGRN 1133926018313 Tax Code: INN 3906294860 Shareholders: Vitaliy Petrovich Osipenko – 97% Artem Osipenko – 3%

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 229,000 388,000 Current assets Stock 10,158,000 8,838,000 Trade receivables 19,716,000 11,293,000 Cash equivalents 7,845,000 13,862,000 Other currents assets 12,000 11,000 Total current assets 37,730,000 34,004,000 TOTAL ASSETS 37,959,000 34,392,000 EQUITY & LIABILITIES Total Equity 37,960,000 30,474,000 Total long-term liabilities 0 0 Short-term liabilities Accounts payable 0 3,918,000 Total Short-term Liabilities 0 3,918,000 TOTAL EQUITY & LIABILITIES 37,960,000 34,392,000 INCOME STATEMENT Revenue 63,397,000 60,671,000 Cost of Sales (46,591,000) (44,664,000) Gross Profit 16,806,000 16,007,000 Commercial expenses (3,274,000) (3,479,000) Administrative expenses (2,021,000) 0 Profit(loss) from sales 11,511,000 12,528,000 Other income and expenses Other income 4,105,000 0 Other expenses (7,532,000) 0 Profit(loss) before taxation 8,084,000 12,528,000 Net Profit(loss) 7,404,000 11,467,000

PAYMENT RECORDS
FINANCIAL STRENGTH	Normal
EMPLOYEE RANGE	ER6

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.62
UK Pound	1	INR 89.70
Euro	1	INR 78.19
RUB	1	INR 1.09

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

INFORMATION DETAILS

Analysis Done by :	VAR
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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