MIRA INFORM REPORT

Report Date :

23.01.2012

IDENTIFICATION DETAILS

Correct Name :	PRYVATNE PIDPRYEMSTVO GRYNVAY
Registered Office :	3 Shkilniy lane, Bezlyudivka settlement, Kharkiv region, Kharkivskiy district, 62489
Country :	Ukraine
Financials (as on) :	31.12.2009
Date of Incorporation :	12.10.2007
Com. Reg. No.:	35407866
Legal Form :	Private Company
Line of Business :	Sale, maintenance and repair of motor vehicles and motorcycles
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Liquidated
Payment Behaviour :	---
Litigation :	---

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^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
Ukraine	b2	b2

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

Identification

Full Name	:	Pryvatne pidpryemstvo GRYNVAY
Office address	:	Ukraine
		Please see final comments.
Legal Address	:	3 Shkilniy lane, Bezlyudivka settlement, Kharkiv region, Kharkivskiy district, 62489, Ukraine
Contacts	:	n/a

SUMMARY

Legal Form : PP (Private Company by Ukrainian Law)

Incorporation : 2007

Staff : n/a

Litigation events : n/a Remarks on payments : n/a

Sales :	0.00 th UAH ( for 12 months, ended 31.12.2009 )
	498.10 th UAH ( for 12 months, ended 31.12.2008 )

Credit Opinion

Credit Limit

:

0 EUR 
No credit terms to be granted.

Liquidation

:

2010

Date of liquidation - 22.02.2010
Liquidation authority - Kharkiv Administration
Decision number 14711120002024272

Incorporation

:

2007

Registration Data

Date of registration

:

12.10.2007

Registration number

:

35407866

Registr. authority

:

Local Administration (Kharkiv, Kharkiv region, Ukraine)

( the data as of 12.10.2007 )

VAT number

:

354078620231

Registr. place

:

Ukraine

Number of VAT-certificate: 100074353
Cancellation date: 13.11.2009
Cause of cancellation: Liquidation. 
Pretext of cancellation: Spearheaded by the Taxpayer.

Legal Form

:

PP (Private Company by Ukrainian Law)

since 12.10.2007

( the data as of 12.10.2007 )

Share Capital

:

500 000 UAH (registered)

since 12.10.2007

( the data as of 12.10.2007 )

Shareholders

:

-	Mr Teplakov Aleksey Yuryevich (Ukraine)				100.00 %
		share's book value	:	500 000 UAH

Board / Executives

Executives

Director

:

Mrs Shulgina Nina Nikolaevna (Ukraine)

Authorised signature

:

Mrs Shulgina Nina Nikolaevna

Activities

:

-	50	WHOLESALE TRADE- DURABLE GOODS
		(NACE 5000: Sale, maintenance and repair of motor vehicles and motorcycles; retail sale of automotive fuel)
-	51	WHOLESALE TRADE-NONDURABLE GOODS
		(NACE 5100: Wholesale trade and commission trade, except of motor vehicles and motorcycles)

Official data.

Staff employed

:

n/a

Export

:

none

Import

:

none

Branches

:

none

Subsidiaries and Participation

:

none

Bankers

:

-	VTB Bank (Ukraine)
	bank code	:	350631
	account(s)	:	26009301000460 USD, EUR, UAH

Litigation

:

Date of liquidation - 22.02.2010
Liquidation authority - Kharkiv Administration
Decision number 14711120002024272

Remarks on payment

:

No official information is available according to the Ukrainian legislation.

Financial Elements

:

There is no company’s financial report for 6 months 2011 at the official accessible sources.

There is no company’s financial report for 12 months 2010 at the official accessible sources.
The subject company is legally obliged to file its financial statements at the State Register, but it has not done this.

Financial

Period, months	12	12	12
Ended	31.12.2009	31.12.2008	31.12.2007
Currency	UAH th	UAH th	UAH th
Non-current assets	0.00	0.00	0.00
incl: - Fixed assets	0.00	0.00	0.00
- Financial assets	0.00	0.00	0.00
Current assets	0.00	11 665.00	1 455.60
incl: - Stock	0.00	0.00	0.00
- Debtors	0.00	11 659.90	812.60
- Cash	0.00	5.10	117.50
ASSETS TOTAL	0.00	11 665.00	1 455.60
Equity	0.00	544.40	498.00
incl: - Share capital	0.00	500.00	500.00
Liabilities Total	0.00	11 120.60	957.60
incl: - Long-term liabilities	0.00	0.00	0.00
- Short-term liabilities	0.00	11 120.60	957.60
EQUITY AND LIABILITIES TOTAL	0.00	11 665.00	1 455.60
Net sales	0.00	498.10	14.00
Cost of goods sold
Operating profit
Profit before taxation	-1.00	44.40	-2.00
Net profit	-1.00	44.40	-2.00
- - - - - - - KEY RATIOS - - - - - - -
Return on sales, %	0.00	8.91	-14.29
Profit before taxation / Net sales
Operating margin of profit, %
Operating profit / Net sales
Return on investment, %	0.00	8.16	-0.40
Profit before taxation / Equity
Current assets turnover	0.00	0.04	0.01
Net sales / Current assets
Working capital	0.00	544.40	498.00
Current assets - Short-term liabilities
Leverage	0.00	0.05	0.34
Equity / Total assets
Current ratio	0.00	1.05	1.52
Current assets / Short-term liabilities
Quick ratio	0.00	1.05	1.52
(Current assets - Stock) / Short-term liabilities
Debt-to-equity ratio	0.00	20.43	1.92
Total liabilities / Equity

FINAL COMMENTS

IMPORTANT NOTE
Date of liquidation - 22.02.2010
Liquidation authority - Kharkiv Administration
Decision number 14711120002024272

The general information in this report was obtained from all the sources available (including official data). The information was analyzed by our specialists.

APPENDIX A

Financial Statements

Period, months	12	12	12
Ended	31.12.2009	31.12.2008	31.12.2007
Currency	UAH th	UAH th	UAH th
SMALL ENTREPRENEUR's PROFIT AND LOSS
ACCOUNT (s)
010 Sales revenue (Income from sales of goods, work,	0.00	498.10	14.00
services
020 Indirect taxes and other compulsory payments	0.00	83.00	2.30
030 Net sales revenue (010-020)	0.00	415.10	11.70
040 Other operating income	0.00	0.00	0.00
050 Other income from ordinary activity	0.00	0.00	0.00
060 Extraordinary income	0.00	0.00	0.00
070 Net revenue total (030+040+050+060)	0.00	415.10	11.70
080 Change in work-in-progress and finished goods	0.00	0.00	0.00
090 Tangible expenses	0.00	0.00	0.00
100 Payroll costs	0.00	43.80	7.00
110 Allocation to social needs	0.00	15.10	2.50
120 Amortization charges	0.00	0.00	0.00
130 Other operating charges	1.00	311.80	4.20
131 incl.	0.00	0.00	0.00
140 Cost of sales	0.00	0.00	0.00
150 Other ordinary activity expenses	0.00	0.00	0.00
160 Extraordinary charges	0.00	0.00	0.00
170 Profit tax	0.00	0.00	0.00
180 Charges total (090+100+110+120+130+140+150+	1.00	370.70	13.70
+160+170+ -080)
190 Net profit (070-180)	-1.00	44.40	-2.00
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
BALANCE SHEET
ASSETS
I. NON-CURRENT ASSETS
020 Construction in progress	0.00	0.00	0.00
Fixed assets
030 residual assets	0.00	0.00	0.00
031 acquisition cost	0.00	0.00	0.00
032 depreciation	0.00	0.00	0.00
Long-term financial assets
040 Capital participation in other enterprises	0.00	0.00	0.00
070 Other non-current assets	0.00	0.00	0.00
080 NON-CURRENT ASSETS TOTAL	0.00	0.00	0.00
II. CURRENT ASSETS
Stock
100 Raw materials, consumables and supplies	0.00	0.00	0.00
130 Finished goods	0.00	0.00	0.00
Trade debtors:
160 net realizable value	0.00	11 659.10	812.60
161 acquisition cost	0.00	11 659.10	812.60
162 doubtful debts reserve	0.00	0.00	0.00
Accounts receivable
170 Budget accounts receivable	0.00	0.80	0.00
210 Other current accounts receivable	0.00	0.00	0.00
220 Current financial investments	0.00	0.00	0.00
Cash at bank and in hand
230 Funds in local currency	0.00	5.10	117.50
240 Funds in foreign currencies	0.00	0.00	0.00
250 Other current assets	0.00	0.00	525.50
260 CURRENT ASSETS TOTAL	0.00	11 665.00	1 455.60
270 III. DEFERRED CHARGES	0.00	0.00	0.00
280 ASSETS TOTAL	0.00	11 665.00	1 455.60
EQUITY AND LIABILITIES
I. CAPITAL AND RESERVES
300 Authorized capital	0.00	500.00	500.00
320 Additional contributed capital	0.00	0.00	0.00
340 Reserve capital	0.00	0.00	0.00
350 Retained earnings (loss)	0.00	44.40	-2.00
360 Unpaid capital (minus)	0.00	0.00	0.00
380 CAPITAL AND RESERVES TOTAL	0.00	544.40	498.00
430 II. PROVISIONS FOR EXPENSES AND	0.00	0.00	0.00
LIABILITIES
480 III. LONG-TERM LIABILITIES	0.00	0.00	0.00
IV. SHORT-TERM LIABILITIES
500 Short-term amounts owed to credit institutions	0.00	0.00	930.80
510 Short-term portion of long-term liabilities	0.00	0.00	0.00
530 Trade creditors	0.00	11 114.60	22.70
Accounts payable:
550 Budget accounts payable	0.00	0.00	0.00
570 Insurance payments	0.00	0.00	1.20
580 Accrued payroll	0.00	6.00	2.90
610 Other short-term liabilities	0.00	0.00	0.00
620 SHORT-TERM LIABILITIES TOTAL	0.00	11 120.60	957.60
630 V. DEFERRED INCOME	0.00	0.00	0.00
640 EQUITY AND LIABILITIES TOTAL	0.00	11 665.00	1 455.60

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.33
UK Pound	1	Rs.77.97
Euro	1	Rs.65.07

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.