MIRA INFORM REPORT

Report Date :

10.11.2008

IDENTIFICATION DETAILS

Name :	VMN BIZNES SISTEMS OOO
Registered Office :	Kutuzovskiy Prosp., 36, Bldg. 3, Office 203, Moscow, 121170
Country :	Russian Federation
Financials (as on) :	01.01.2005
Year of Establishment :	1996
Com. Reg. No.:	1037739437801
Legal Form :	Limited Liability Company by Russian Law
Line of Business :	Wholesaler Trade in Tea

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	No Complaints
Litigation :	Clear

Comments

Information

In your inquiry the former address and the former telephone number of the company Obschestvo s ogranichennoy otvetstvennostyu "VMN BIZNES SISTEMS OOO" (name in English: VMN BUSINESS SYSTEMS LIMITED LIABILITY COMPANY) are mentioned.

We provide the report on this company.

Summary

Original Name Obschestvo s ogranichennoy otvetstvennostyu "VMN BIZNES SISTEMS OOO"

Legal Form OOO (Limited Liability Company by Russian Law)

Year of Foundation 1996

Sales 86 th RUR for 12 months, ended 01.01.2005

Employees 15 (company's data)

Creditline Recommendations

Risk Category ABOVE AVERAGE RISK

Credit Limit Determination of Credit Limit provided to the company is impossible because full financial data on the company aren’t available.

Company Identification Details

Original Name Obschestvo s ogranichennoy otvetstvennostyu "VMN BIZNES SISTEMS OOO"

Short Name OOO "VMN BS"

Name in English VMN BUSINESS SYSTEMS LIMITED LIABILITY COMPANY

Address Kutuzovskiy prosp., 36, bldg. 3, office 203, Moscow, 121170, Russian Federation

Legal Address Shokal'skogo pr., 17, Moscow, 129221, Russian Federation

Phone +7 (495) 6519997

Fax +7 (495) 6519997

E-mail info@ristontea.ru

WEB Address www.ristontea.ru

Official Company Data

Legal Form OOO (Limited Liability Company by Russian Law)

Date of Registration 05.02.2003

Registration Number 1037739437801

Statistic Code (OKPO) 45867481

Taxpayer Code (INN) 7715158239

Registration Authority Ministry for Taxes and Duties of Russian Federation

Public Record Information

Information

The company Obschestvo s ogranichennoy otvetstvennostyu "VMN BIZNES SISTEMS OOO" was not included in the published list of bankrupt companies.

Share Capital

Current Share Capital 7 600 RUR

Shareholders

Total 1 private person

Shareholder Mr Kekhter Aleksandr Fedorovich

Nationality Russian Federation

Share 100 %

Directors

Director Mr Kekhter Aleksandr Fedorovich
Signature Right

Nationality Russian Federation

Re-Registration Data

Initial Registration 20.12.1996

Registration Number 063.064

Registration Authority Moscow Register Chamber

Date of Registration 05.02.2003
(Entering into the Single State Register of Legal Entities)

Registration Number 1037739437801

Registration Authority Ministry for Taxes and Duties of Russian Federation

Date of Re-registration 15.09.2005

File Number 2057748231022

Registration Authority Federal Tax Service of Russian Federation

Changes Company's Rules

Operations

Activities Wholesale trade in tea.

The company sells tea under brand RISTON.

The company operates under trading name: “RISTON TEAS COMPANY”.

Staff Employed 15 (company's data)

Real Estate

Own None

Rent Office
Address: Kutuzovskiy prisp., 36, bldg. 3, office 203, Moscow, 121170, Russian Federation
(company's data)

Export & Import

Export Countries 2005-2007: No Export Activity

Exported Goods none

Export Value none

Import Countries 2005-2007: No Import Activity

Imported Goods none

Import Value none

Branches

Branch None

Participation

Information None

Related Companies

Information

Mr Kekhter Aleksandr Fedorovich is also the shareholder of more than 15 companies, including:

OOO "OMEGA"
Registration number: 1027700226003

OOO "ALTKOM"
Registration number: 1030400749895

OOO "ELIADA"
Registration number: 1047796842620

OOO "GRAND VEY"
Registration number: 1047796846712

OOO "TORGOVYE SISTEMY"
Registration number: 1047796687487

OOO "LOKAS"
Registration number: 1047796612544

OOO "ATON"
Registration number: 1047796842653

OOO "ALANT-GRUPP"
Registration number: 1047796612577

Bankers

Bank OAO "BANK MOSKVY", bank code: 044525219 (Russian Federation)

Account(s) 40702810900510000049 (RUR)

Financial Data

Profit and Loss (extract)

The following figures are shown in units of 1000

Period, months	12	12
Ended	01.01.2005	01.01.2004
Currency	RUR	RUR
SALES	86	198
Cost of Goods sold	20	20
GROSS PROFIT	66	178
Distribution Costs
Management Costs	74	154
OPERATING PROFIT	-8	24
Non Trading Income	-3	-9
PRE TAX PROFIT	-11	15
Taxation
PROFIT AFTER TAX	-11	15

Balance Sheet (extract)

The following figures are shown in units of 1000

As at	01.01.2005	01.01.2004
Currency	RUR	RUR
TOTAL FIXED ASSETS	2	2
Intangible Assets
Fixed Assets	2	2
TOTAL CURRENT ASSETS	4	25
Stock
Trade debtors	2	2
Cash	2	22
TOTAL ASSETS	5	27
TOTAL EQUITY	-2	8
Share Capital	8	8
Retained Profits	-10
TOTAL LONG TERM LIABS
Long Term Loans
TOTAL CURRENT LIABILITIES	7	19
Short Term Loans
Short Term Trade Creditors	7	19
TOTAL EQUITY & LIABILITIES	5	27

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	01.01.2005	01.01.2004
Current Ratio	0,57	1,32
Working Capital, x1000 RUR	-3	6
Quick Ratio	0,57	1,32
Debt to Equity Ratio	-3,5	2,38
Current Assets Turnover	21,5	7,92
Total Assets Turnover Ratio	17,2	7,33
Pre Tax Profit Margin, %	-12,79	7,58
Gross Profit, %	76,74	89,9
Return on Investment, %	(550)	187,5
Return on Assets, %	-220	55,56

Clients & Suppliers

Clients OOO "AL'TEKS" (Russian Federation)

OOO "VELINA" (Russian Federation)

Suppliers Not available

Financial Data

We couldn’t get the financial data on the company of 2005-2007 years, because there weren’t company’s financial data of 2005-2007 years in the Federal Statistics Service of Russian Federation.

Original Financial Data (Russian Accounting Report in English)

Balance Sheet

The following figures are shown in units of 1000

ASSETS	Line code	as at 01.01.2004	as at 01.01.2005
I. NON-CURRENT ASSETS
Intangible assets	110	-	-
Fixed assets	120	2	2
Construction in progress	130	-	-
Income-bearing investments in tangible assets	135	-	-
Long-term financial investments	140	-	-
Deferred tax assets	145	-	-
Other non-current assets	150	-	-
Total section I	190	2	2
II. CURRENT ASSETS
Inventories	210	-	-
including :
raw materials and other inventories	211	-	-
livestock	212	-	-
work in progress	213	-	-
finished goods and goods for resale	214	-	-
goods dispatched	215	-	-
expenses related to future periods	216	-	-
other supplies and expenditures	217	-	-
Value added tax on purchased goods	220	2	-
Accounts receivable (payments expected beyond 12 months after the reporting date)	230	-	-
including :
buyers and customers	231	-	-
Accounts receivable (payments expected within 12 months after the reporting date)	240	2	2
including :
buyers and customers	241	-	-
Short-term investments	250	-	-
Monetary assets	260	22	2
Other current assets	270	-	-
Total section II	290	25	4
TOTAL SECTIONS I and II	300	27	5
EQUITY AND LIABILITIES	Line code
III. EQUITY AND RESERVES
Share capital	410	8	8
Treasury shares	411	-	-
Additional capital	420	-	-
Legal reserve	430	-	-
including :
reserves and provisions formed in  accordance with legislation	431	-	-
reserves formed in accordance  with foundation documents	432	-	-
Retained earnings (loss)	470	-	-10
Total section III	490	8	-2
IV. NON-CURRENT LIABILITIES
Borrowings	510	-	-
Deferred tax liabilities	515	-	-
Other non-current liabilities	520	-	-
Total section IV	590	-	-
V. CURRENT LIABILITIES
Borrowings	610	-	-
Accounts payable	620	19	7
including :
suppliers and contractors	621	11	-
salaries payable	622	-	1
payable to state non-budget funds	623	-	-
taxes payable	624	8	6
other creditors	625	-	-
Dividends payable to participants (shareholders)	630	-	-
Income of future periods	640	-	-
Reserves for future expenses and payments	650	-	-
Other current liabilities	660	-	-
Total section V	690	19	7
TOTAL SECTIONS III,IV,V	700	27	5

PROFIT AND LOSS ACCOUNT

The following figures are shown in units of 1000

PARAMETER	Line code	01.01.2005	01.01.2004
INCOME FROM AND EXPENSES ON ORDINARY ACTIVITIES
Sale of goods, products, work, services (less VAT, excise tax and other similar mandatory payments)	010	86	198
Cost of goods, products, work, services sold	020	20	20
Gross profit	029	66	178
Selling expenses	030	-	-
Administrative expenses	040	74	154
Profit (loss) from operations	050	-8	24
OTHER INCOME AND EXPENSES
Interest income	060	-	-
Interest expenses	070	-	-
Income from investments in other companies	080	-	-
Other operating income	090	-	-
Other operating expenses	100	3	9
Non-operating income	120	-	-
Non-operating expenses	130	-	-
Profit (loss) before profit tax	140	-11	15
Deferred tax assets	141	-	-
Deferred tax liabilities	142	-	-
Current profit tax	150	-	-
Net profit (loss) for the reporting period	190	-11	15

Rates of Exchange

RUR - Russian Rouble	01.01.2008:    1 EUR = 35.93 RUR,   1 USD = 24.55 RUR
EUR - EURO	01.01.2007:    1 EUR = 34.69 RUR,   1 USD = 26.33 RUR
USD - US Dollar	01.01.2006:    1 EUR = 34.19 RUR,   1 USD = 28.78 RUR

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.47.32
UK Pound	1	Rs.74.20
Euro	1	Rs.60.73

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

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 and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions