MIRA INFORM REPORT

Report Date :

30.04.2012

IDENTIFICATION DETAILS

Name :	OBSCHESTVO S OGRANICHENNOY OTVETSTVENNOSTYU "GINAR"
Registered Office :	Baumanskaya str., 44, bldg. 1, Moscow, 105005, Russian Federation
Country :	Russia
Financials (as on) :	01.01.2011
Date of Incorporation :	2002
Com. Reg. No.:	1027739248756
Legal Form :	OOO (Limited Liability Company by Russian Law)
Line of Business :	Wholesale trade in tea.
No. of Employees :	70

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 :	Usually Correct
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 – September 30, 2011

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
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 and the telephone number mentioned in your inquiry belong to the company Obschestvo s ogranichennoy otvetstvennostyu "GINAR" (name in English: "GINAR" LIMITED LIABILITY COMPANY). We provide the report on this company.

Summary

Original Name	Obschestvo s ogranichennoy otvetstvennostyu "GINAR"
Legal Form	OOO (Limited Liability Company by Russian Law)
Year of Foundation	2002
Sales	584 420 th RUR for 12 months, ended 01.01.2011
Employees	70 (approx.) on April, 26, 2012 (company's data)

Company Identification Details

Original Name	Obschestvo s ogranichennoy otvetstvennostyu "GINAR"
Short Name	OOO "GINAR"
Name in English	"GINAR" LIMITED LIABILITY COMPANY
Address	bldg. 8, Razvilka poselok, Leninskiy District, Moscow Region, 142717, Russian Federation
Legal Address	Baumanskaya str., 44, bldg. 1, Moscow, 105005, Russian Federation
Phone	+7 (495) 7107374, 6275254
Fax	+7 (495) 7107374, 6275254
E-mail	ginar09@gmail.com
WEB Address	www.akbar.ru
History	12.04.2004: Legal Address changed from Bakuninskaya str., 72, bldg. 2, Moscow, 107082, Russian Federation

Official Company Data

Legal Form	OOO (Limited Liability Company by Russian Law)
Date of Registration	24.09.2002
Registration Number	1027739248756
Statistic Code (OKPO)	58055320
Taxpayer Code (INN)	7701287883
Registration Authority	Ministry for Taxes and Duties of Russian Federation

Public Record Information

Information

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

Share Capital

Current Share Capital

10 000 RUR

Shareholders

Total	1 private person
Shareholder	Mr Griban' Kirill Alekseevich
Nationality	Russian Federation
Address	Tikhomirova str., 2, ap. 12, Moscow, 127282, Russian Federation
Date of Birth	14.02.1969
Taxpayer Code (INN)	771546905912
Share	100 %

Directors

Director	Mr Griban' Kirill Alekseevich
	Signature Right
Nationality	Russian Federation
Address	Tikhomirova str., 2, ap. 12, Moscow, 127282, Russian Federation
Date of Birth	14.02.1969
Taxpayer Code (INN)	771546905912

Re-Registration Data

Initial Registration	13.02.2002
Registration Number	002.078.957
Registration Authority	Moscow Register Chamber
Date of Registration	24.09.2002
	(Entering into the Single State Register of Legal Entities)
Registration Number	1027739248756
Registration Authority	Ministry for Taxes and Duties of Russian Federation
Date of Re-registration	12.04.2004
File Number	2047701013182
Registration Authority	Ministry for Taxes and Duties of Russian Federation
Changes	Legal Address
Date of Re-registration	23.09.2009
File Number	9097747599150
Registration Authority	Federal Tax Service of Russian Federation
Changes	Company's Rules

Operations

Activities	Wholesale trade in tea. The company sells goods under brand AKBAR.
Staff Employed	70 (approx.) on April, 26, 2012 (company's data)

Real Estate

Own	none
Rent	Office, warehouse Address: bldg. 8, Razvilka poselok, Leninskiy District, Moscow Region, 142717, Russian Federation (company's data)

Export & Import

Export Countries	2008-2011: No Export Activity
Exported Goods	none
Export Value	none
Import Countries	2011: Sri Lanka, Germany, Lithuania, China 2010: Sri Lanka, Germany, China 2009: Sri Lanka, Germany, Lithuania, China, Poland 2008: Sri Lanka, Germany, Lithuania, China
Imported Goods	tea, paper, boxes, labels, tanks
Import Value	in 2011: 14 725 333 USD in 2010: 15 290 197 USD in 2009: 9 356 100 USD in 2008: 10 800 170 USD

Branches

Branch

None

Participation

Information

None

Related Companies

Information

Mr Griban' Kirill Alekseevich is also a shareholder of companies: OOO "NADEZHDA" Registration number: 1097746557292 OOO "ESTEL'-MT" Registration number: 1027700106433

Bankers

Bank	OAO AKB "ROSEVROBANK", bank code: 044585777 (Russian Federation)
Account(s)	40702810300000020969 (RUR)

Financial Data

Profit and Loss (extract)

Period, months	12	12	12	12
Ended	01.01.2011	01.01.2010	01.01.2009	01.01.2008
Currency	RUR	RUR	RUR	RUR
SALES	584420	377291	311068	286539
Cost of Goods sold	536680	359449	296750	270548
GROSS PROFIT	47740	17842	14318	15991
Distribution Costs	25011	15514	13675	15803
Management Costs
OPERATING PROFIT	22729	2328	643	188
Non Trading Income	-5566	-4110	-20255	1647
PRE TAX PROFIT	17163	-1782	-19612	1835
Taxation				442
PROFIT AFTER TAX	17163	-1783	-19612	1393

The following figures are shown in units of 1000

Balance Sheet (extract)

The following figures are shown in units of 1000

As at	01.01.2011	01.01.2010	01.01.2009	01.01.2008
Currency	RUR	RUR	RUR	RUR
TOTAL FIXED ASSETS	18		9	22
Intangible Assets
Fixed Assets	18		9	22
TOTAL CURRENT ASSETS	137151	83295	87235	70797
Stock	33060	108	86	95
Trade debtors	83567	14945	87148	70470
Cash	20524	68242	1	231
TOTAL ASSETS	137168	83295	87244	70819
TOTAL EQUITY	-3033	-20196	-18413	1199
Share Capital	10	10	10	10
Retained Profits	-3043	-20206	-18423	1189
TOTAL LONG TERM LIABS
Long Term Loans
TOTAL CURRENT LIABS	140201	103491	105656	69620
Short Term Loans
Short Term Trade Creditors	140201	103491	105656	69620
TOTAL EQUITY & LIABS	137168	83295	87244	70819

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	01.01.2011	01.01.2010	01.01.2009	01.01.2008
Current Ratio	0,98	0,8	0,83	1,02
Working Capital, x1000 RUR	-3050	-20196	-18421	1177
Quick Ratio	0,74	0,8	0,82	1,02
Debt to Equity Ratio	-46,23	-5,12	-5,74	58,07
Current Assets Turnover	4,26	4,53	3,57	4,05
Total Assets Turnover Ratio	4,26	4,53	3,57	4,05
Pre Tax Profit Margin, %	2,94	-0,47	-6,3	0,64
Gross Profit, %	8,17	4,73	4,6	5,58
Return on Investment, %	-565,88	8,82	106,51	153,04
Return on Assets, %	12,51	-2,14	-22,48	2,59

Clients & Suppliers

Clients

OOO "KEMPEL TORG" (Russian Federation) OOO "TRIUMF" (Russian Federation)

Suppliers

AKBAR BROTHERS (PVT) LTD. (Sri Lanka) IMPERIAL TEA EXPORTS (PVT) LTD. (Sri Lanka) FLEXIPRINT (PVT) LTD. (Sri Lanka) GLATFELTER GERNSBACH GMBH (Germany) ZHEJIANG MINONG IMPORT & EXPORT CO., LTD. (China) ZHEJIANG ORIENT GROUP LIGHT INDUSTRIAL PRODUCTS IMP. & EXP. CO., LTD. (China) OOO "TRIUMF" (Russian Federation) OOO "TRANSSERVIS" (Russian Federation) OOO "INTERTRANS" (Russian Federation) OOO "TRANSS TREVEL" (Russian Federation) OOO "IMPEKS" (Russian Federation) OOO PII "TRANSKARGO INTERNEYSHNL" (Russian Federation) OOO "SERTIFIKAT-SERVIS" (Russian Federation) OAO "VYMPELKOM" (Russian Federation) OOO "TRANS-BIZNES E" (Russian Federation) OOO "PROFISISTEM" (Russian Federation) OAO "TEK KARGO TRANS" (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.

Publications

Date	2012
Source	The Federal Tax Service of Russian Federation
Text of Publication	The Federal Tax Service of Russian Federation has published the information that the Mr Griban' Kirill Alekseevich (as private person) doesn't have not paid taxes.

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	as at 01.01.2011
I. NON-CURRENT ASSETS
Intangible assets	110	-	-	-
Fixed assets	120	9	-	18
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	9	-	18
II. CURRENT ASSETS
Inventories	210	86	108	33060
including :
raw materials and other inventories	211	-	6	20
livestock	212	-	-	-
work in progress	213	-	-	905
finished goods and goods for resale	214	-	-	31978
goods dispatched	215	-	-	-
expenses related to future periods	216	86	101	158
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	87148	14945	83567
including :
buyers and customers	241	84306	12649	78483
Short-term investments	250	-	-	-
Monetary assets	260	1	68242	20524
Other current assets	270	-	-	-
Total section II	290	87235	83295	137151
TOTAL SECTIONS I and II	300	87244	83295	137168
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	-18423	-20206	-3043
Total section III	490	-18413	-20196	-3033
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	105656	103491	140201
including :
suppliers and contractors	621	105329	102905	138578
salaries payable	622	-	-	-
payable to state non-budget funds	623	-	-	-
taxes payable	624	327	586	1623
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	105656	103491	140201
TOTAL SECTIONS III,IV,V	700	87244	83295	137168

PROFIT AND LOSS ACCOUNT

The following figures are shown in units of 1000

PARAMETER	Line code	01.01.2011	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	584420	377291	311068
Cost of goods, products, work, services sold	020	536680	359449	296750
Gross profit	029	47740	17842	14318
Selling expenses	030	25011	15514	13675
Administrative expenses	040	-	-	-
Profit (loss) from operations	050	22729	2328	643
OTHER INCOME AND EXPENSES
Interest income	060	-	-	-
Interest expenses	070	-	-	-
Income from investments in other companies	080	-	-	-
Other operating income	090	20920	28829	4405
Other operating expenses	100	26486	32939	24660
Non-operating income	120	-	-	-
Non-operating expenses	130	-	-	-
Profit (loss) before profit tax	140	17163	-1782	-19612
Deferred tax assets	141	-	-	-
Deferred tax liabilities	142	-	-	-
Current profit tax	150	-	-	-
Net profit (loss) for the reporting period	190	17163	-1783	-19612

Additional information about related companies

Below is presented the extended information about the related companies of subject company.

Name	OOO "NADEZHDA"
Registration Number	1097746557292
Taxpayer code (INN)	7701849765

Profit and Loss (extract)

The following figures are shown in units of 1000

Period, months	12	12
Ended	01.01.2011	01.01.2010
Currency	RUR	RUR
SALES	114
Cost of Goods sold	101
GROSS PROFIT	13
Distribution Costs
Management Costs
OPERATING PROFIT	13
Non Trading Income	-23
PRE TAX PROFIT	-10
Taxation	3
PROFIT AFTER TAX	-13

Balance Sheet (extract)

The following figures are shown in units of 1000

As at	01.01.2011	01.01.2010
Currency	RUR	RUR
TOTAL FIXED ASSETS
Intangible Assets
Fixed Assets
TOTAL CURRENT ASSETS	537	10
Stock
Trade debtors	536
Cash	1	10
TOTAL ASSETS	537	10
TOTAL EQUITY	-2	10
Share Capital	10	10
Retained Profits	-12
TOTAL LONG TERM LIABS
Long Term Loans
TOTAL CURRENT LIABS	540
Short Term Loans	516
Short Term Trade Creditors	23
TOTAL EQUITY & LIABS	537	10

Rates of Exchange

RUR - Russian Rouble	01.01.2011:   1 EUR = 40.49 RUR,   1 USD = 30.35 RUR
EUR - EURO	01.01.2010:   1 EUR = 43.46 RUR,   1 USD = 30.19 RUR
USD - US Dollar	01.01.2009:   1 EUR = 41.43 RUR,   1 USD = 29.39 RUR

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.68
UK Pound	1	Rs.85.12
Euro	1	Rs.69.38

INFORMATION DETAILS

Report Prepared by :

PDT

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
--	NB	New Business	--

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.