MIRA INFORM REPORT

Report Date :

24.03.2011

IDENTIFICATION DETAILS

Correct Name :	OOO AMBER GRUPP
Registered Office :	Novaya Bashilovka str., 16, Moscow, 125124
Country :	Russia
Financials (as on) :	01.01.2010
Date of Incorporation :	18.10.2004
Com. Reg. No.:	1047796786278
Legal Form :	Limited Liability Company
Line of Business :	Wholesale and retail trade in jewels.

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 :	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, e-mail and the telephone number mentioned in your inquiry belong to the company Obschestvo s ogranichennoy otvetstvennostyu "AMBER GRUPP" (name in English: "AMBER GROUP" LIMITED LIABILITY COMPANY). Mr Ivanova Irina Aleksandrovna mentioned in your inquiry is the director of this company. We provide the report on this company.

Summary

Original Name	Obschestvo s ogranichennoy otvetstvennostyu "AMBER GRUPP"
Legal Form	OOO (Limited Liability Company by Russian Law)
Year of Foundation	2004
Sales	25 931 th RUR for 12 months, ended 01.01.2010
Employees	24 on March, 23, 2011 (company's data)

Creditline Recommendations

Credit Limit

Crediting is possible only in the case of guarantees or security.

Company Identification Details

Original Name	Obschestvo s ogranichennoy otvetstvennostyu "AMBER GRUPP"
Short Name	OOO "AMBER GRUPP"
Name in English	"AMBER GROUP" LIMITED LIABILITY COMPANY
Address	Novaya Bashilovka str., 16, Moscow, 125124, Russian Federation
Legal Address	Novaya Bashilovka str., 16, Moscow, 125124, Russian Federation
Phone	+7 (495) 2122533, 6120713
Fax	+7 (495) 2122533, 6120713
E-mail	ambergr@yandex.ru
WEB Address	none

Official Company Data

Legal Form	OOO (Limited Liability Company by Russian Law)
Date of Registration	18.10.2004
Registration Number	1047796786278
Statistic Code (OKPO)	74479828
Taxpayer Code (INN)	7714573514
Registration Authority	Ministry for Taxes and Duties of Russian Federation

Public Record Information

Information

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

Share Capital

Current Share Capital

10 000 RUR

Shareholders

Total	3 private persons
Shareholder	Mr Aksen Dmitriy Ivanovich
Nationality	Russian Federation
Taxpayer Code (INN)	773404551309
Share	33 %
Shareholder	Mr Ivanova Irina Aleksandrovna
Nationality	Russian Federation
Share	33 %
Shareholder	Ms Koroleva Tat'yana Vasil'evna
Nationality	Russian Federation
Taxpayer Code (INN)	770100281790
Share	34 %

Directors

Director	Mr Ivanova Irina Aleksandrovna
	Signature Right
Nationality	Russian Federation

Re-Registration Data

Date of Registration	18.10.2004
	(Entering into the Single State Register of Legal Entities)
Registration Number	1047796786278
Registration Authority	Ministry for Taxes and Duties of Russian Federation
Date of Re-registration	12.05.2005
File Number	2057714055826
Registration Authority	Federal Tax Service of Russian Federation
Changes	Company's Rules
Date of Re-registration	29.10.2009
File Number	6097748155730
Registration Authority	Federal Tax Service of Russian Federation
Changes	Company's Rules

Operations

Activities	Wholesale and retail trade in jewels.
Staff Employed	24 on March, 23, 2011 (company's data)

Real Estate

Own	None
Rent	Office, shop Address: Novaya Bashilovka str., 16, Moscow, 125124, Russian Federation (company’s data)

Export & Import

Export Countries	2007-2009, for 10 months 2010: No Export Activity
Exported Goods	none
Export Value	none
Import Countries	for 10 months 2010: Hong Kong
Imported Goods	wooden products, mirrors
Import Value	for 10 months 2010: 3 377 USD in 2007-2009: none

Branches

Branch

None

Participation

Information

None

Related Companies

Information

Mr Aksen Dmitriy Ivanovich is also the shareholder of company: OOO "STIL GRUPP" Registration number: 1037714022940 Ms Ivanova Irina Aleksandrovna is also the shareholder of companies: OOO "VITAN INTO" Registration number: 1027700331460 OOO "ELINA" Registration number: 1047796463241 Ms Koroleva Tat'yana Vasil'evna is also the shareholder of companies: OOO NADEZHDA-18 Registration number: 1087746235158 OOO "ELINA" Registration number: 1047796463241 OOO "STIL GRUPP" Registration number: 1037714022940 OOO "SALON SNEZHANA" Registration number: 1027739281525

Financial Data

Profit and Loss (extract)

The following figures are shown in units of 1000

Period, months	12	12	12	12
Ended	01.01.2010	01.01.2009	01.01.2008	01.01.2007
Currency	RUR	RUR	RUR	RUR
SALES	25931	19736	11116	10236
Cost of Goods sold	3063	2732	3894	3737
GROSS PROFIT	22868	17004	7222	6499
Distribution Costs	25325	15887	6981	5979
Management Costs
OPERATING PROFIT	-2457	1117	241	520
Non Trading Income	-3213	-317	-235	-97
PRE TAX PROFIT	-5670	800	6	423
Taxation	46	168	28	65
PROFIT AFTER TAX	-5716	632	-22	358

Balance Sheet (extract)

The following figures are shown in units of 1000

As at	01.01.2010	01.01.2009	01.01.2008	01.01.2007
Currency	RUR	RUR	RUR	RUR
TOTAL FIXED ASSETS	979	1020	479	149
Intangible Assets
Fixed Assets	979	1020	479	149
TOTAL CURRENT ASSETS	4339	5681	3646	1852
Stock	3495	2638	1666	1021
Trade debtors	-40	101	1359	293
Cash	884	956	620	538
TOTAL ASSETS	5318	6701	4125	2001
TOTAL EQUITY	-4645	1071	460	481
Share Capital	10	10	10	10
Retained Profits	-4655	1061	450	471
TOTAL LONG TERM LIABS
Long Term Loans
TOTAL CURRENT LIABILITIES	9963	5630	3665	1520
Short Term Loans	666
Short Term Trade Creditors	9158	5630	3665	1520
TOTAL EQUITY & LIABILITIES	5318	6701	4125	2001

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	01.01.2010	01.01.2009	01.01.2008	01.01.2007
Current Ratio	0,44	1,01	0,99	1,22
Working Capital, x1000 RUR	-5624	51	-19	332
Quick Ratio	0,08	0,54	0,54	0,55
Debt to Equity Ratio	-2,14	5,26	7,97	3,16
Current Assets Turnover	5,98	3,47	3,05	5,53
Total Assets Turnover Ratio	4,88	2,95	2,69	5,12
Pre Tax Profit Margin, %	-21,87	4,05	0,05	4,13
Gross Profit, %	88,19	86,16	64,97	63,49
Return on Investment, %	122,07	74,7	1,3	87,94
Return on Assets, %	-106,62	11,94	0,15	21,14

Clients & Suppliers

Clients	ZAO "STIL GRUPP" (Russian Federation) OOO "SEREBRYANYY BLESK" (Russian Federation) OOO "EVELENT" (Russian Federation)
Suppliers	FIRMSTOCK LTD. (Hong Kong) OOO "VTS-NOVOSIBIRSK" (Russian Federation) ZAO "SPETSIAL'NAYA TRANSPORTNAYA SLUZHBA" (Russian Federation) OOO PREDPRIYATIE "KROKUS" (Russian Federation) *** 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.

Original Financial Data (Russian Accounting Report in English)

Balance Sheet

The following figures are shown in units of 1000

ASSETS	Line code	as at 01.01.2008	as at 01.01.2009	as at 01.01.2010
I. NON-CURRENT ASSETS
Intangible assets	110	-	-	-
Fixed assets	120	479	1020	979
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	479	1020	979
II. CURRENT ASSETS
Inventories	210	1666	2638	3495
including :
raw materials and other inventories	211	-	-	-
livestock	212	-	-	-
work in progress	213	-	-	-
finished goods and goods for resale	214	1605	2592	3451
goods dispatched	215	61	42	42
expenses related to future periods	216	-	4	2
other supplies and expenditures	217	-	-	-
Value added tax on purchased goods	220	-	-	-
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	1359	101	-40
including :
buyers and customers	241	1359	101	-40
Short-term investments	250	-	-	-
Monetary assets	260	620	956	884
Other current assets	270	-	1986	-
Total section II	290	3646	5681	4339
TOTAL SECTIONS I and II	300	4125	6701	5318
EQUITY AND LIABILITIES
III. EQUITY AND RESERVES
Share capital	410	10	10	10
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	450	1061	-4655
Total section III	490	460	1071	-4645
IV. NON-CURRENT LIABILITIES
Borrowings	510	-	-	-
Deferred tax liabilities	515	-	-	-
Other non-current liabilities	520	-	-	-
Total section IV	590	-	-	-
V. CURRENT LIABILITIES
Borrowings	610	-	-	666
Accounts payable	620	3665	5630	9158
including :
suppliers and contractors	621	2389	4018	6729
salaries payable	622	64	80	96
payable to state non-budget funds	623	42	53	64
taxes payable	624	100	160	156
other creditors	625	1071	1319	2113
Dividends payable to participants (shareholders)	630	-	-	-
Income of future periods	640	-	-	-
Reserves for future expenses and payments	650	-	-	-
Other current liabilities	660	-	-	139
Total section V	690	3665	5630	9963
TOTAL SECTIONS III,IV,V	700	4125	6701	5318

PROFIT AND LOSS ACCOUNT

The following figures are shown in units of 1000

PARAMETER	Line code	01.01.2010	01.01.2009	01.01.2008
INCOME FROM AND EXPENSES ON ORDINARY ACTIVITIES
Sale of goods, products, work, services (less VAT, excise tax, other similar mandatory payments)	010	25931	19736	11116
Cost of goods, products, work, services sold	020	3063	2732	3894
Gross profit	029	22868	17004	7222
Selling expenses	030	25325	15887	6981
Administrative expenses	040	-	-	-
Profit (loss) from operations	050	-2457	1117	241
OTHER INCOME AND EXPENSES
Interest income	060	-	-	-
Interest expenses	070	-	-	-
Income from investments in other companies	080	-	-	-
Other operating income	090	47	31	1
Other operating expenses	100	3260	348	236
Non-operating income	120	-	-	-
Non-operating expenses	130	-	-	-
Profit (loss) before profit tax	140	-5670	800	6
Deferred tax assets	141	-	-	-
Deferred tax liabilities	142	-	-	-
Current profit tax	150	46	168	28
Net profit (loss) for the reporting period	190	-5716	632	-22

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.44.96
UK Pound	1	Rs.73.57
Euro	1	Rs.63.68

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.