MIRA INFORM REPORT

Report Date :

28.01.2011

IDENTIFICATION DETAILS

Correct Name :	ROSSIA MARKETING UND DISTRIBUTIONSGESELLSCHAFT MBH

Registered Office :	Trabener Str. 27, D 14193 Berlin

Country :	Germany

Financials (as on) :	31.12.2009

Date of Incorporation :	27.09.1993

Com. Reg. No.:	HRB 48665 B

Legal Form :	Private Limited Company

Line of Business :	Agents involved in the sale of food, beverages and tobacco

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	25.500 EUR
Status :	Moderate
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 – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

Germany

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

company name & address

Rossia Marketing und Distributionsgesellschaft mbH

Main address:

Trabener Str. 27

D 14193 Berlin

Telephone:` 030/8837551

Telefax: 030/8837650

Homepage: www.rossiagmbh.com

E-mail: export@rossiagmbh.com

VAT no.

DE811390833

CONCLUSION

Business relations are permissible.

Synthesis

LEGAL FORM Private limited company

Date of foundation: 02.07.1992

Shareholders'

agreement: 02.07.1992

Registered on: 27.09.1993

Commercial Register: Local court 14057 Berlin

under: HRB 48665 B

Share capital: EUR 25.564,59

Shareholder

Mark Volossov

Winterfeldtstr. 5

D 10781 Berlin

born: 09.07.1970

Share: EUR 25.564,59

Manager

Mark Volossov

Winterfeldtstr. 5

D 10781 Berlin

having sole power of representation

born: 09.07.1970

Profession: Businessman

BUSINESS ACTIVITIES

Sectors

4617 Agents involved in the sale of food, beverages and tobacco

8299 Other business support service activities n. e. c.

FINANCIAL INFORMATION

Payment experience: within periods customary in this trade

Negative information: We have no negative information at hand.

Maximum credit: 25.500 EUR

Balance sheet year: 2009

REAL ESTATE

Type of ownership: Tenant

Address Trabener Str. 27

D 14193 Berlin

Private real estate

Name: Mark Volossov

Type of ownership: Tenant

Address Winterfeldtstr. 5

D 10781 Berlin

Land register documents were not available.

BANKERS

COMMERZBANK VORMALS DRESDNER BANK FILIALE BERLIN II, BERLIN

Sort. code: 12080000, BIC: DRESDEFF120

FINANCIAL FIGURES

Turnover: 2010 EUR 670.000,00

Expected turnover: EUR 675.000,00

Employees: 3

The aforementioned business figures may partly be estimated information based on average values in the line of business.

BALANCE SHEETS

Balance sheet ratios 2009

Equity ratio [%]: -0,30

Liquidity ratio: 0,72

Return on total capital [%]: 0,01

Balance sheet ratios 2008

Equity ratio [%]: -0,64

Liquidity ratio: 0,64

Return on total capital [%]: 0,75

Balance sheet ratios 2007

Equity ratio [%]: -0,46

Liquidity ratio: 0,50

Return on total capital [%]: 0,47

Equity ratio

The equity ratio indicates the portion of the equity as compared

to the total capital. The higher the equity ratio, the better the

economic stability (solvency) and thus the financial autonomy of

a company.

Liquidity ratio

The liquidity ratio shows the proportion between adjusted

receivables and net liabilities. The higher the ratio, the lower

the company's financial dependancy from external creditors.

Return on total capital

The return on total capital shows the efficiency and return on

the total capital employed in the company. The higher the return

on total capital, the more economically does the company work

with the invested capital.

Type of balance

sheet: Company balance sheet

Financial year: 01.01.2009 - 31.12.2009

ASSETS EUR 1.104.241,26

Fixed assets EUR 67.080,00

Tangible assets EUR 67.080,00

Current assets EUR 1.033.882,17

Accounts receivable EUR 673.189,47

Investments in current assets EUR 197.737,85

Liquid means EUR 162.954,85

Remaining other assets EUR 3.279,09

Deficit not covered by shareholders'

equity EUR 3.279,09

LIABILITIES EUR 1.104.241,26

Shareholders' equity EUR 0,00

Capital EUR 25.564,59

Subscribed capital (share capital) EUR 25.564,59

Reserves EUR 11.006,00

Capital reserves EUR 11.006,00

Balance sheet profit/loss (+/-) EUR -39.849,68

Profit / loss brought forward EUR -39.974,20

Annual surplus / annual deficit EUR 124,52

Other shareholders' equity (+/-) EUR 3.279,09

Deficit not covered by shareholders'

equity EUR 3.279,09

Liabilities EUR 1.104.241,26

Type of balance

sheet: Company balance sheet

Financial year: 01.01.2008 - 31.12.2008

ASSETS EUR 537.906,04

Fixed assets EUR 68.278,60

Tangible assets EUR 68.278,60

Current assets EUR 466.223,83

Accounts receivable EUR 162.321,04

Investments in current assets EUR 18.487,85

Liquid means EUR 285.414,94

Remaining other assets EUR 3.403,61

Deficit not covered by shareholders'

equity EUR 3.403,61

LIABILITIES EUR 537.906,04

Shareholders' equity EUR 0,00

Capital EUR 25.564,59

Subscribed capital (share capital) EUR 25.564,59

Reserves EUR 11.006,00

Capital reserves EUR 11.006,00

Balance sheet profit/loss (+/-) EUR -39.974,20

Profit / loss brought forward EUR -44.007,32

Annual surplus / annual deficit EUR 4.033,12

Other shareholders' equity (+/-) EUR 3.403,61

Deficit not covered by shareholders'

equity EUR 3.403,61

Liabilities EUR 537.906,04

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.57
UK Pound	1	Rs.72.50
Euro	1	Rs.62.46

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	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

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

company name & address

VAT no.

CONCLUSION

Synthesis

Shareholder

Manager

BUSINESS ACTIVITIES

FINANCIAL INFORMATION

REAL ESTATE

BANKERS

FINANCIAL FIGURES

Unit