MIRA INFORM REPORT

Report Date :

27.07.2012

IDENTIFICATION DETAILS

Correct Name :	INTOR, PC
Registered Office :	28/2 Myhayla Grushevskogo str., N/P ?43, Kiev, 01021
Country :	Ukraine
Financials (as on) :	30.06.2011
Date of Incorporation :	17.11.2009
Com. Reg. No.:	36843284
Legal Form :	Private Company
Line of Business :	Wholesaler of food, beverages and tobacco)
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

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 – March 31^st, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
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 INTOR

Name in English

:

INTOR, PC

Office address

:

27a Chervonotkatska str., Kiev, 02094, Ukraine

( the data as of 22.08.2011 )

Legal Address

:

28/2 Myhayla Grushevskogo str., N/P ?43, Kiev, 01021, Ukraine

Contacts

:

-	Phone/fax	:	(+38 044) 5586555
	( the data as of 22.08.2011 )

company SUMMARY

Legal Form : PP (Private Company by Ukrainian Law)

Incorporation : 2009

Staff : n/a

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

Sales :	338 089.20 th UAH ( for 6 months, ended 30.06.2011 )
	630 092.50 th UAH ( for 12 months, ended 31.12.2010 )

Incorporation

:

2009

Registration Data

Date of registration

:

17.11.2009

Registration number

:

36843284

Registr. authority

:

Local Administration (Kiev, Ukraine)

VAT number

:

368432826555

Registr. place

:

Ukraine

Number of VAT-certificate: 200007876 Date of issue: 26.10.2011

Legal Form

:

PP (Private Company by Ukrainian Law)

since 17.11.2009

Share Capital

:

5 000 UAH (registered)

since 17.11.2009

Shareholders

:

-	Mrs Vasylchenko Galina Nikolaevna (Ukraine)				100.00 %
		share's book value	:	5 000 UAH

Board / Executives

Executives

Director

:

Mrs Vasylchenko Galina Nikolaevna (Ukraine)

Director

:

Mr Yurlov Yuriy Valeryevich (Ukraine)

( the data cancelled since 22.08.2011 )

Authorised signature

:

Mrs Vasylchenko Galina Nikolaevna

Mr Yurlov Yuriy Valeryevich

( the data cancelled since 22.08.2011 )

Changes in Registration Data

- 22.08.2011

:

managers, authorised signature

Activities

:

-	514	Groceries and Related Products
		(NACE 5130: Wholesale of food, beverages and tobacco)

Wholesale in food products.

Staff employed

:

n/a

There is no current information in the official sources.

Staff History

:

-	10 [E]
	( the data as of 22.08.2011 )
-	3
	( the data as of 03.03.2011 )
-	3
	( the data as of 30.10.2010 )

Export

:

none

Import

- 01.03.2012

:

Fiscal period: 2 month(s), currency: UAH

154 778 421.00

Germany, Hong Kong, Finland, Poland

- 01.05.2011

:

Fiscal period: 4 month(s), currency: UAH

223 604 841.00

Germany, Hong Kong, China Peoples Republic

- 01.01.2011

:

Fiscal period: 12 month(s), currency: UAH

464 797 371.00

Germany, Poland, Hong Kong, China Peoples Republic

Facilities

Real estate

:

unknown ownership:
-	Premises - Office
	address	:	27a Chervonotkatska str., Kiev, 02094, Ukraine

Branches

:

none

Subsidiaries and Participation

:

none

Bankers

:

Registration file does not contain this information.

Suppliers

:

-	Elneco logistics GmbH (Germany)
-	GATE LINE LTD OY (Finland)
-	JANCO INTERN. FREIGHT LIMITED (Hong Kong)
-	OMEGAAIR CARGO SP Z.O.O. (Poland)

Litigation

:

According to the data of Bulletin of the State Registration as of 25.07.2012, there are no bankruptcy registered in the name of the subject company.

Generally in the DB of the Unified State Register of the Legal Judgements data there have been traced 2 court records where the subject company is filed as a defendant, co-defendant, claimant and co-claimant in the period from 25.08.2010 up to 13.10.2010. There are no bankruptcy/insolvency records filed. These litigation processes arise in the course of company's usual operation.

Remarks on payment

:

No official information is available according to the Ukrainian legislation.

Financial data

Financial Elements

:

There is no companys financial report for 12 months 2011 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.

Period, months	6	12
Ended	30.06.2011	31.12.2010
Currency	UAH th	UAH th
Non-current assets	0.00	0.00
incl: - Fixed assets	0.00	0.00
- Financial assets	0.00	0.00
Current assets	760 122.60	482 874.50
incl: - Stock	0.00	0.00
- Debtors	759 950.40	482 809.90
- Cash	172.20	64.60
ASSETS TOTAL	760 124.30	482 877.90
Equity	194.30	26.90
incl: - Share capital	5.00	5.00
Liabilities Total	759 930.00	482 851.00
incl: - Long-term liabilities	0.00	0.00
- Short-term liabilities	759 930.00	482 851.00
EQUITY AND LIABILITIES TOTAL	760 124.30	482 877.90
Net sales	338 089.20	630 092.50
Cost of goods sold
Operating profit
Profit before taxation	272.20	100.70
Net profit	167.40	26.90
- - - - - - - KEY RATIOS - - - - - - -
Return on sales, %	0.08	0.02
Profit before taxation / Net sales
Operating margin of profit, %
Operating profit / Net sales
Return on investment, %	140.09	374.35
Profit before taxation / Equity
Current assets turnover	0.44	1.30
Net sales / Current assets
Working capital	192.60	23.50
Current assets - Short-term liabilities
Leverage	0.00	0.00
Equity / Total assets
Current ratio	1.00	1.00
Current assets / Short-term liabilities
Quick ratio	1.00	1.00
(Current assets - Stock) / Short-term liabilities
Debt-to-equity ratio	3 911.12	17 949.85
Total liabilities / Equity

The company is registered as a taxpayer at the State Tax Administration

FINAL COMMENTS

The information provided in this report has been collected from all the sources available. We have not managed to trace the contact data of the subject. The search results: 1. There was the following phone number provided in its registration file: +38 044 5586555. We called by this number several times, however nobody responded. 2. There was no companys contact data found in phone/address directories/Internet. 3. The subject company is not listed in Kyiv on-line services/Kyiv phone/address directories. There were no any other contact details found. We have sent our letter of inquiry to the legal address. No answer has come in to us by now. If we receive the reply from the subject, we will update this report.

APPENDIX A

Financial Statements

Period, months	6	12
Ended	30.06.2011	31.12.2010
Currency	UAH th	UAH th
SMALL ENTREPRENEUR's PROFIT AND LOSS
ACCOUNT (s)
010 Sales revenue (Income from sales of goods, work,	338 089.20	630 092.50
services
020 Indirect taxes and other compulsory payments	54 235.00	105 015.40
030 Net sales revenue (010-020)	283 854.20	525 077.10
040 Other operating income	0.00	0.00
050 Other income from ordinary activity	0.00	0.00
060 Extraordinary income	0.00	0.00
070 Net revenue total (030+040+050+060)	283 854.20	525 077.10
080 Change in work-in-progress and finished goods		0.00
090 Tangible expenses		457.80
100 Payroll costs		49.60
110 Allocation to social needs		18.50
120 Amortization charges		0.00
130 Other operating charges	595.00	85.30
131 incl.		0.00
140 Cost of sales	282 987.00	524 365.20
150 Other ordinary activity expenses	0.00	0.00
160 Extraordinary charges		0.00
170 Profit tax	104.80	73.80
180 Charges total (090+100+110+120+130+140+150+	283 582.00	525 050.20
+160+170+ -080)
190 Net profit (070-180)	167.40	26.90
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
BALANCE SHEET
ASSETS
I. NON-CURRENT ASSETS
020 Construction in progress	0.00	0.00
Fixed assets
030 residual assets	0.00	0.00
031 acquisition cost	0.00	0.00
032 depreciation	0.00	0.00
Long-term financial assets
040 Capital participation in other enterprises	0.00	0.00
070 Other non-current assets	0.00	0.00
080 NON-CURRENT ASSETS TOTAL	0.00	0.00
II. CURRENT ASSETS
Stock
100 Raw materials, consumables and supplies	0.00	0.00
130 Finished goods	0.00	0.00
Trade debtors:
160 net realizable value	759 950.40	482 809.90
161 acquisition cost	759 950.40	482 809.90
162 doubtful debts reserve	0.00	0.00
Accounts receivable
170 Budget accounts receivable	0.00	0.00
210 Other current accounts receivable	0.00	0.00
220 Current financial investments	0.00	0.00
Cash at bank and in hand
230 Funds in local currency	172.20	64.60
240 Funds in foreign currencies	0.00	0.00
250 Other current assets	0.00	0.00
260 CURRENT ASSETS TOTAL	760 122.60	482 874.50
270 III. DEFERRED CHARGES	1.70	3.40
280 ASSETS TOTAL	760 124.30	482 877.90
EQUITY AND LIABILITIES
I. CAPITAL AND RESERVES
300 Authorized capital	5.00	5.00
320 Additional contributed capital	0.00	0.00
340 Reserve capital	0.00	0.00
350 Retained earnings (loss)	194.30	26.90
360 Unpaid capital (minus)	5.00	5.00
380 CAPITAL AND RESERVES TOTAL	194.30	26.90
430 II. PROVISIONS FOR EXPENSES AND	0.00	0.00
LIABILITIES
480 III. LONG-TERM LIABILITIES	0.00	0.00
IV. SHORT-TERM LIABILITIES
500 Short-term amounts owed to credit institutions	0.00	0.00
510 Short-term portion of long-term liabilities	0.00	0.00
530 Trade creditors	759 926.00	482 851.00
Accounts payable:
550 Budget accounts payable	0.00	0.00
570 Insurance payments	0.00	0.00
580 Accrued payroll	4.00	0.00
610 Other short-term liabilities	0.00	0.00
620 SHORT-TERM LIABILITIES TOTAL	759 930.00	482 851.00
630 V. DEFERRED INCOME	0.00	0.00
640 EQUITY AND LIABILITIES TOTAL	760 124.30	482 877.90

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.95
UK Pound	1	Rs.86.56
Euro	1	Rs.67.95

INFORMATION DETAILS

Report Prepared by :

MNL

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.