MIRA INFORM REPORT

Report Date :

07.03.2011

IDENTIFICATION DETAILS

Name :	OOO POLITORG
Registered Office :	Plotnikov per., 4/5, office 3, Moscow, 119002
Country :	Russia
Financials (as on) :	01.01.2010
Date of Incorporation :	01.08.2008
Com. Reg. No.:	1087746898150
Legal Form :	Limited Liability Company
Line of Business :	Customs Declaration of Goods

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
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 – December 31, 2010

Country Name	Previous Rating (30.09.2010)	Current Rating (31.12.2010)
Russia	a2	a2

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

Comments

Information

The address mentioned in your inquiry belongs to the company Obschestvo s ogranichennoy otvetstvennostyu "POLITORG" (name in English: "POLITORG" LIMITED LIABILITY COMPANY). We provide the report on this company.

Summary

Original Name	Obschestvo s ogranichennoy otvetstvennostyu "POLITORG"
Legal Form	OOO (Limited Liability Company by Russian Law)
Year of Foundation	2008
Sales	0 th RUR for 12 months, ended 01.01.2010
Employees	not available

Creditline Recommendations

Credit Limit

Determination of Credit Limit provided to the company is impossible because the actual address of company's location is not ascertained.

Company Identification Details

Original Name	Obschestvo s ogranichennoy otvetstvennostyu “POLITORG”
Short Name	OOO “POLITORG”
Name in English	“POLITORG” LIMITED LIABILITY COMPANY
Address	not available (see comments)
Legal Address	Plotnikov per., 4/5, office 3, Moscow, 119002, Russian Federation
Phone	not available
Fax	not available
E-mail	none
WEB Address	none

Official Company Data

Legal Form	OOO (Limited Liability Company by Russian Law)
Date of Registration	01.08.2008
Registration Number	1087746898150
Statistic Code (OKPO)	87618266
Taxpayer Code (INN)	7704696490
Registration Authority	Federal Tax Service of Russian Federation

Public Record Information

Information

The company Obschestvo s ogranichennoy otvetstvennostyu "POLITORG" was not included in the published list of bankrupt companies.

Share Capital

Current Share Capital

100 000 RUR

Shareholders

Total	1 private person
Shareholder	Mr Bodyu Leonid Georgievich
Nationality	Russian Federation
Share	100 %

Directors

Director	Mr Bodyu Leonid Georgievich
	Signature Right
Nationality	Russian Federation

Re-Registration Data

Date of Registration	01.08.2008
	(Entering into the Single State Register of Legal Entities)
Registration Number	1087746898150
Registration Authority	Federal Tax Service of Russian Federation
Date of Re-registration	06.11.2009
File Number	6097748536726
Registration Authority	Federal Tax Service of Russian Federation
Changes	Company's Rules

Operations

Activities	Export-import transactions. The company is engaged in customs declaration of goods.
Staff Employed	not available

Real Estate

Own	Not available
Rent	Not available

Export & Import

Export Countries	2008-2009, for 10 months 2010: No Export Activity
Exported Goods	none
Export Value	none
Import Countries	for 10 months 2010: Latvia, Lithuania, Finland
Imported Goods	bags, plastic products, equipment, commodity catalogs, floor coverings, metal products, furniture, spare parts
Import Value	for 10 months 2010: 330 382 USD in 2008-2009: none

Branches

Branch

None

Participation

Information

None

Related Companies

Information

Mr Bodyu Leonid Georgievich isn't a shareholder and director of any other companies of Russian Federation.

Bankers

Bank	OOO "YUNIASTRUM BANK", Tumen' branch (Russian Federation)

Financial Data

Profit and Loss (extract)

The following figures are shown in units of 1000

Period, months	12	12
Ended	01.01.2010	01.01.2009
Currency	RUR	RUR
SALES
Cost of Goods sold
GROSS PROFIT
Distribution Costs
Management Costs
OPERATING PROFIT
Non Trading Income
PRE TAX PROFIT
Taxation
PROFIT AFTER TAX

Balance Sheet (extract)

The following figures are shown in units of 1000

As at	01.01.2010	01.01.2009
Currency	RUR	RUR
TOTAL FIXED ASSETS	35
Intangible Assets
Fixed Assets
TOTAL CURRENT ASSETS	65	100
Stock	48
Trade debtors		100
Cash	8
TOTAL ASSETS	100	100
TOTAL EQUITY	100	100
Share Capital	100	100
Retained Profits
TOTAL LONG TERM LIABS
Long Term Loans
TOTAL CURRENT LIABILITIES
Short Term Loans
Short Term Trade Creditors
TOTAL EQUITY & LIABILITIES	100	100

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	01.01.2010	01.01.2009
Current Ratio
Working Capital, x1000 RUR	65	100
Quick Ratio
Debt to Equity Ratio
Current Assets Turnover
Total Assets Turnover Ratio
Pre Tax Profit Margin, %
Gross Profit, %
Return on Investment, %
Return on Assets, %

Clients & Suppliers

Suppliers

E.V.A. GMBH (Germany) *** The names of foreign partners may be pointed incorrectly as in official documents (declarations) they’re written in Russian. We present our apologies for possible mistakes in transliteration.

Actions at law

According to Arbitration court of Moscow judicial claims of the company are not registered.

Comments

We couldn't ascertain the actual address of company's location for the following reasons.

The address mentioned in your inquiry (in our report) is the legal address of the company. The company is registered at this address but de facto the company hasn't got an office at the above-mentioned address.

In all accessible reference-books and data bases there's not any information about company's location too.

In the Telephone Inquiry Service of Moscow there aren't any data on company OOO "POLITORG".

During the registration in 2008 the company hasn't indicated the contact telephone number.

We've sent a telegram for company OOO "POLITORG" with request to contact our company, but no answer has followed.

The search of information about the company in Internet either wasn't successful.

Original Financial Data

(Russian Accounting Report in English)

Balance Sheet

The following figures are shown in units of 1000

ASSETS	Line code	as at 01.01.2009	as at 01.01.2010
I. NON-CURRENT ASSETS
Intangible assets	110	-	-
Fixed assets	120	-	-
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	-	35
II. CURRENT ASSETS
Inventories	210	-	48
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	-	48
other supplies and expenditures	217	-	-
Value added tax on purchased goods	220	-	8
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	100	-
including :
buyers and customers	241	-	-
Short-term investments	250	-	-
Monetary assets	260	-	8
Other current assets	270	-	-
Total section II	290	100	65
TOTAL SECTIONS I and II	300	100	100
EQUITY AND LIABILITIES
III. EQUITY AND RESERVES
Share capital	410	100	100
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	-	-
Total section III	490	100	100
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	-	-
including :
suppliers and contractors	621	-	-
salaries payable	622	-	-
payable to state non-budget funds	623	-	-
taxes payable	624	-	-
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	-	-
TOTAL SECTIONS III,IV,V	700	100	100

PROFIT AND LOSS ACCOUNT

The following figures are shown in units of 1000

PARAMETER	Line code	01.01.2010	01.01.2009
INCOME FROM AND EXPENSES ON ORDINARY ACTIVITIES
Sale of goods, products, work, services (less VAT, excise tax, other similar mandatory payments)	010	-	-
Cost of goods, products, work, services sold	020	-	-
Gross profit	029	-	-
Selling expenses	030	-	-
Administrative expenses	040	-	-
Profit (loss) from operations	050	-	-
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	-	-
Non-operating income	120	-	-
Non-operating expenses	130	-	-
Profit (loss) before profit tax	140	-	-
Deferred tax assets	141	-	-
Deferred tax liabilities	142	-	-
Current profit tax	150	-	-
Net profit (loss) for the reporting period	190	-	-

Rates of Exchange

RUR - Russian Rouble	01.01.2010:    1 EUR = 43.46 RUR,   1 USD = 30.19 RUR
EUR - EURO	01.01.2009:    1 EUR = 41.43 RUR,   1 USD = 29.39 RUR
USD - US Dollar	01.01.2008:    1 EUR = 35.93 RUR,   1 USD = 24.55 RUR

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.99
UK Pound	1	Rs.73.24
Euro	1	Rs.62.80

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.