MIRA INFORM REPORT

Report Date :

23.03.2011

IDENTIFICATION DETAILS

Name :	S.C. TWIST TRADING LIMITED
Registered Office :	Ergates Industrial Area, Nicosia
Country :	Cyprus
Date of Incorporation :	13.10.2005
Com. Reg. No.:	C166667 Nicosia
Legal Form :	Private Limited Liability Company
Line of Business :	Importers & Wholesalers & Manufacturers of Groceries, General Line

RATING & COMMENTS

MIRA’s Rating :

B

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

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 – December 31, 2010

Country Name	Previous Rating (30.09.2010)	Current Rating (31.12.2010)
Cyprus	b1	b1

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

Name & Address

NAME INQUIRED UNDER:

S C Twist Trading Limited

Correct Registered Name:

S.C. TWIST TRADING LIMITED

Other Trading name:

Natural Life

Address:

Ergates Industrial Area Nicosia CYPRUS

Telephone:

+357-357-22465658 357-22-465658

Fax:	+357-357-22465646

Email:

info@food-supplies.com

Web:	www.food-supplies.com

Business address:

Ergates Industrial Area Nicosia CYPRUS

Payment

PAYMENT HABITS:

No Complaints

Comment:

A check against all available information sources revealed that no late payment incidents against Subject Company exist.

Good For Amount & Terms Of Inquiry:

Unable to comment Given the fact that no recent detailed financial statements were released to us, we feel unable to express a safe and reliable opinion on the maximum credit of your inquiry.

Commercial Morality:

Moderate

Financial Strength:

Unable to comment Given the fact that no recent detailed financial statements were released to us, we feel unable to express a safe and reliable opinion on their creditability, payment records and Financial Strength.

Legal Status

Legal Form:

Private Limited Liability Company Private Limited Liability Company: It is incorporated by one or more individuals or companies (maximum: 50). It is managed by a board of directors consisted of minimum two individuals or juridical persons. Capital is required. The shareholders are liable for the companys debts to the extent of their respective interests in the capital. Its shares are not to be sold through public subscription. Private Limited Liability companies are obliged to file their accounts with the Registrar of Companies (Company Registry).

Registration number and city:

C166667 Nicosia

Registration date:

13.10.2005

National ID: C166667

Company Status

Registration status: 13.10.2005 – registered company
Activity status: 13.10.2005 - Company is active

Principals

Shareholders
Full Name	Personal ID	Function	Nationality	Equity	Address
Mr. Georgios Erotokritou	869107	Shareholder	CYPRUS	50.00% 5,500 Ordinary	Lakatamia, 5A, Foti Pitta Street 2310 Nicosia CYPRUS
Ms. Anastasia Erotokritou	1014040	Shareholder	CYPRUS	50.00% 5,500 Ordinary	Lakatamia, 5A, Foti Pitta Street 2310 Nicosia CYPRUS

Management
Full Name	Personal ID	Age	Function	Nationality	Qualification	Experience	Address
Mr. Savvas Christodoulou	615098	50	Director / Secretary	CYPRUS	Non Retrievable	Also director of SAVVAS CHRISTODOULOU TRADING LIMITED and OKEANOS KATADYSEIS LIMITED.	Lakatamia, 5A, Photi Pitta Street 2310 Nicosia CYPRUS

Activities

Activities:

Importers & Wholesalers & Manufacturers

Operations:

SIC   main activity   5141 Groceries, General Line   5145 Confectionery   5149 Groceries and Related Products, NEC (bottling mineral or spring water) S.C.TWIST TRADING LTD, was incorporated on 13.10.2005, in Cyprus and is headquartered in Ergates, Nicosia Cyprus. It is a full service wholesale food manufacturer and distributor. The subject supplies Legumes (beans), Lentils (Canadian, Green Lentils etc), Rice ( Carolina, White, Yellow, Basmati etc), Sugar, Tuna, Spices (Pepper, Cinnamon, Gloves, Ginger, Garlic etc), Herbal Spices (Dafni, Xaxomili, etc). S.C.TWIST TRADING LTD is one of the major wholesale food distributors in the Cyprus market to supply wholesale foods that are directly imported from abroad. The company distributes its own line of quality Natural Life label products with a high degree of market recognition. Natural Life label products are known throughout Cyprus for excellent quality and great prices. The subject’s main customers are supermarkets, kiosks and restaurants. They have more than 500 customers all over Cyprus and they are planning to export their products in the near future. Business Activities Food Stuff Wholesalers Industry Classifications - NAICS » Other Grocery and Related Products Merchant Wholesalers » Confectionery Merchant Wholesalers Detailed Description of Industry Classifications Other Grocery and Related Products Merchant Wholesalers (NAICS #42449) Confectionery Merchant Wholesalers (NAICS #42445)

Motor Vehicles

	2011
Number of cars	owned: 12
Total number of vehicles	12

Imports

INDIA, CHINA, SYRIAN ARAB REPUBLIC
Payment terms:
Special Agreements

Exports

The subject does not engage in any export activities.

Agencies

Non Retrievable

Trade Suppliers

Non Retrievable

Workforce:

Number Of Employees:

20

Description Of Premises

Address:	Lakatamia, 5A, Foti Pitta Street 2310 Nicosia CYPRUS
Type of premises:	Registered Address
Address:	Ergates Industrial Area Nicosia CYPRUS
Type of premises:	Premises

Headquarters:

The company is operating from the offices of the address given overleaf. Premises comprised of a brand new technologically advanced factory and offices.

Related Companies

Associated Company
OKEANOS KATADISIS LIMITED , CYPRUS , National ID: C126615

Affiliated Company
SAVVAS CHRISTODOULOU TRADING LIMITED , CYPRUS , National ID: C45536

PLEASE NOTE ADDITIONAL INFORMATION ON RELATED COMPANIES:

"SAVVAS CHRISTODOULOU TRADING LIMITED” - Affiliated company, registered in Cyprus on 14.10.1991 under the registration number C45536. The company is related with the subject through common principals. This concern is dormant since 2006.

"OKEANOS KATADYSEIS LIMITED" - Associated company, registered in Cyprus on 31.12.2001 under the registration number C126615. The company is related with the subject through a common principal.

Bankers

BANK OF CYPRUS PUBLIC COMPANY LIMITED
2002 Nicosia, 51, Stasinou Street, Ayia Paraskevi, Strovolos

LAIKI FACTORS LIMITED
1065 Nicosia, 39, Arch. Makarios III Avenue,

MARFIN POPULAR BANK PUBLIC CO LTD
2025 Nicosia, 154, Limassol Avenue, Strovolos


Account numbers are not disclosed.

Press

21.03.2011, No press / media available at present.

Auditors / Accountants

Non Retrievable

Share Capital

Registered capital:	EUR 18,810.00 since 01.01.2008
Number of Ordinary:	11,000
Value per share of Ordinary:	EUR 1.71
Issued capital:	EUR 18,810.00 since 01.01.2008
Number of Ordinary:	11000
Value per share of Ordinary:	EUR 1.71
Paid-up capital:	EUR 18,810.00 since 01.01.2008

Charges

03.08.2007	Mortgage	CYP 100,000.00	in f/o:Bank of Cyprus Public Company Limited
26.05.2006	Floating Charge on all Company's Assets	CYP 45,000.00	in f/o:Marfin Popular Bank Public Co Limited
10.05.2006	Floating Charge on all Company's Assets	CYP 80,000.00	in f/o:Laiki Factors Limited
04.04.2006	Mortgage	CYP 170,000.00	in f/o:Bank of Cyprus Public Co Limited
16.11.2005	Fixed Charge on the Company's Machinery	CYP 30,000.00	in f/o:Bank of Cyprus Public Co Limited
16.11.2005	Floating Charge on all Company's Assets	CYP 40,000.00	in f/o:Bank of Cyprus Public Co Limited

GENERAL COMMENTS

S.C.TWIST TRADING LTD, was incorporated on 13.10.2005, in Cyprus and is headquartered in Ergates, Nicosia Cyprus. It is a full service wholesale food manufacturer and distributor. The subject supplies Legumes (beans), Lentils (Canadian, Green Lentils etc), Rice ( Carolina, White, Yellow, Basmati etc), Sugar, Tuna, Spices (Pepper, Cinnamon, Gloves, Ginger, Garlic etc), Herbal Spices (Dafni, Xaxomili, etc) to over 500 customers in Cyprus.

We contacted the company in question and talked to Ms Anastasia Erotokritou, company shareholder, who confirmed the details of this report. In addition, Ms Erotokritou promised to provide us with the subject's latest financial statements at a later stage. Once we have any additional information we will forward it to you as soon as possible.

A check against our records revealed that no negative payment incidents against Subject Company, such as unpaid invoices, utility bills, bankruptcies etc exist.

SECTOR ANALYSIS
Wholesale, Industrial, Retail & Services Sectors

According to Tremetoushiotis Developers Ltd Ref: www.top-properties.com/legal-information.html): The industrial sector, the wholesale and retail trade sector and the services sector are all open to non-resident investors. For the industrial and the wholesale and retail trade sectors, the Central Bank handles applications where foreign participation is below 50%. Where foreign participation exceeds 50%, or the investment is more than CyP750.000, applications are handled jointly by the Central Bank and the Ministry of Commerce, Industry and Tourism.
For services, up to 100% foreign participation is allowed and the Central Bank handles the applications.

Contact information:

Telephone number:

357 22 465658

Ms Anastasia Erotokritou (company shareholder)

CYPRUS-FACTS AND FIGURES
Population: 1,084,748
Area: 9,251 SQ KM (about 33.4 percent of land is under Turkish control, and a further 1.8 percent forms part of the buffer zone along the cease-fire line.)
Capital: Nicosia
Currency: Euro
Currency Code: EUR

GDP (Purchasing Power Parity): $22.85 Billion	GDP - Composition by Sector:
GDP (Official Exchange Rate):$23.22 Billion	Agriculture: 2.1%
GDP - Real Growth Rate: -0.8%	Industry: 19.%
GDP - Per Capita (PPP): $21,200	Services: 78.9%

Industries:
Tourism, Food And Beverage Processing, Cement And Gypsum Production, Ship Repair And Refurbishment, Textiles, Light Chemicals, Metal Products, Wood, Paper, Stone, And Clay Products.

The area of the republic of Cyprus under government control has a market economy dominated by the service sector, which accounts for 78% of GDP.
Tourism, financial services and real estate are the most important sectors.
Changing growth rates over the past decade reflect the economy's reliance on tourism.
Due to the global crisis, Cyprus economy entered into recession in the middle of 2009. The budget deficit reached the level of 3.5% of GDP, violating EU's budget deficit criteria of no more than 3% of GDP.

Therefore, in order to prevent country's weakening finances, the government intents to implement measures to cut the cost of the state payroll, tax evasion, and amend social benefits.

Last Updated: March 2010

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.97
UK Pound	1	Rs.73.35
Euro	1	Rs.63.98

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%)

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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.