MIRA INFORM REPORT

Report Date :

15.02.2012

IDENTIFICATION DETAILS

Name :	CUBUS FINLAND OY AB

Registered Office :	Aleksandergatan 11, 00100, Helsingfors

Country :	Finland

Date of Incorporation :	12.01.2011

Legal Form :	Limited Company

Line of Business :	Retail sale of clothing in non-specialized stores

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New Company
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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Finland

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

REGISTERED NAME & COMPANY SUMMARY

Trading Name	Cubus Forum	Trade Registry Number
Company Name	Cubus Finland Oy Ab	Business ID	23795029
Previous Name	-
Telephone Number	0207126612	Registered Address	Aleksandergatan 11, 00100, HELSINGFORS
Fax Number	-	Visiting Address	Mannerheimintie 20, 00100, HELSINKI
Home Municipality	Helsinki	Postal Address	-, -, -
Incorporation Date	12.01.2011	Branches	8
Company Type	Limited company	Website Address
Primary Sic Code	47719	Accountant	KPMG Oy Ab
Primary Sic Description	Retail sale of clothing in non-specialized stores	Last Accounts Date	-
Share Capital (€)	100.000	Holding Company
Deals in importing	No	Foreign Ownership
Deals in exporting	No	Currency	EUR

DIRECTORS/MANAGEMENT

Current Directors

Name	Varner Stein Marius
Date of Birth	29.08.1965	Appointment Date	12.01.2011
Nationality	NORWAY	Function	Managing director

Name	Varner Petter
Date of Birth	05.09.1962	Appointment Date	12.01.2011
Nationality	NORWAY	Function	Chairman of Board

Name	Varner Joakim
Date of Birth	01.05.1973	Appointment Date	12.01.2011
Nationality	NORWAY	Function	Actual Member of Board

Name	Martinsen Leiv Erik
Date of Birth	27.12.1954	Appointment Date	12.01.2011
Nationality	NORWAY	Function	Actual Member of Board

Name	Martinsen Rune
Date of Birth	20.11.1961	Appointment Date	12.01.2011
Nationality	NORWAY	Function	Actual Member of Board

NEGATIVE INFORMATION

SHARE & SHARE CAPITAL INFORMATION

Shareholder Information

Total Value of Shares	100.000
Number of Shares	100
Value of Shares

PAYMENT INFORMATION

GROUP STRUCTURE & AFFILIATED COMPANIES

FINANCIAL INFORMATION

Financial Statement

Year

2010

2009

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Registrations in Force

	State	Registration Date
Tax Administration	Registered	20.01.2011
Trade Register	Registered	12.01.2011
Employer Register	Registered	01.03.2011
Prepayment Register	Registered	01.03.2011
Value Added Tax-Liability	VAT-liable for business activity	01.03.2011

Other Company Officials

Name	Mannila Kimmo Kristian
Date of Birth	02.02.1973	Appointment Date	12.01.2011
Nationality	SWEDEN	Function	Authority to sign

Name	Lundin Anders Edvard
Date of Birth	05.04.1972	Appointment Date	12.01.2011
Nationality	FINLAND	Function	Principal accountant

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.33
UK Pound	1	Rs.77.41
Euro	1	Rs.64.84

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%)

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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.