MIRA INFORM REPORT

Report Date :

28.06.2012

IDENTIFICATION DETAILS

Name :	SABIEDRIBA AR IEROBEZOTU ATBILDIBU "DO IT"
Registered Office :	Brivibas iela 372, Riga, Rigas region, LV-1006, Latvia
Country :	Latvia
Financials (as on) :	28.02.2011
Date of Incorporation :	14.03.2005
Legal Form :	SIA (Ltd by Latvian law)
Line of Business :	Wholesale and retail of furniture and household goods
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 :	No complaints
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)
Latvia	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

:

Sabiedriba ar ierobezotu atbildibu "Do It"

IGK-number

:

087-122-782

Name in national language

:

Sabiedriba ar ierobe�otu atbildibu "Do It"

Trading Names, Brands

:

-

JYSK

Office address

:

Siguldas soseja 1e, Garkalnes novads, Rigas region, LV-1024, Latvia

Office and logistic center

Legal Address

:

Brivibas iela 372, Riga, Rigas region, LV-1006, Latvia

Contacts

:

-	Phone	:	(+371) 67147854
	Skrastina Edite
-	Phone	:	(+371) 67116816
	Liga Agare, lia@jysk.lv
-	Fax	:	(+371) 67609159
-	E-mail	:	cfo@jysk.lv
-	WWW	:	www.doit.lv
-	E-mail	:	info@doit.lv, tas@jysk.lv, office@jysk.lv
-	Phone	:	(+371) 67609150,67795342

SUMMARY

Legal Form : SIA (Ltd by Latvian law)

Incorporation : 2005

Staff : 70

Litigation events : none Remarks on payments : none

Sales :	31 381 856.00 LVL ( for 12 months, ended 28.02.2011 )
	25 592 189.00 LVL ( for 12 months, ended 28.02.2010 )

Incorporation

:

2005

Registration Data

Date of registration

:

14.03.2005

Registration number

:

40003733207

Registr. authority

:

Commercial Register (Latvia)

VAT number

:

LV40003733207

Registr. place

:

Latvia

Legal Form

:

SIA (Ltd by Latvian law)

since 14.03.2005

Share Capital

:

4 919 630 LVL (registered)

since 27.02.2012

Shareholders

:

-	Jysk Linnen'n Furniture SIA (Latvia)				33.32 %
		reg. number	:	000353699
		address	:	Rigas-Siguldas soseja 1E, Garkalnes novads, Bergi, Rigas region, Latvia
-	Jysk Linnen'n Furniture OU (Estonia)				33.32 %
		reg. number	:	1000225156
		address	:	Endla 45, 10150, Tallinn, Harju county, Estonia
-	JYSK Baltic UAB (Lithuania)				33.32 %
		reg. number	:	1000225145
		address	:	Ozo g. 25, Vilnius, Vilnius region, Vilnius city municipality, Lithuania
-	Joska Eignarhaldsfelag ehf av PLC (Iceland)				0.04 %
		reg. number	:	1000061402
		address	:	Smaratorg 1, 200 Kopavogur, Iceland
-	Joska Eignarhaldsfelag ehf av PLC (Iceland)				100.00 %
		reg. number	:	007008566;430402-5360
		address	:	Smaratorg 1, 200 Kopavogur, Iceland
	( the data cancelled since 19.08.2010 )

Board / Executives

Executives

Member of the board

:

Mrs Lauwers Luc Henri Maria (Belgium)
	pers. code: 800016-79303
	address: Garkalnes novads, Siguldas soseja 1E, Latvia

/joint right of signature/

Chairman of the board

:

Mrs Vilemsone, Kristine (Latvia)
	pers. code: 071073-11493
	address: Klusa iela 17, Siguldas novads, Peltes, Rigas region, Latvia

/joint right of signature/

Chief Accountant

:

Mrs Liga Agare (Latvia)

(tel. 67116816, lia@jysk.lv)

Member of the board

:

Mrs Skrastina, Edite (Latvia)
	pers. code: 190275-11012
	address: Berzu iela 23, Lielvarde, Ogres region, Latvia

Finance director
/joint right of signature/

Member of the board

:

Mr Lakstigala, Girts (Latvia)
	pers. code: 170674-12511
	address: Aleksandra Caka iela 109-49, Riga, Rigas region, Latvia

( the data cancelled since 14.04.2010 )

Chairman of the board

:

Mr Brynjolv, Stora Niels (Iceland)
	pers. code: 800008-43503
	address: Reikjavika, Seljabraut 42, Iceland

( the data cancelled since 29.10.2009 )

Proxy

:

Mr Krumins, Austris (Latvia)
	pers. code: 291275-11350
	address: Stirnu iela 13c-42, Riga, Rigas region, Latvia

( the data cancelled since 29.10.2009 )

Authorised signature

:

Mrs Lauwers Luc Henri Maria

Mrs Skrastina, Edite

Mrs Vilemsone, Kristine

Changes in Registration Data

- 27.02.2012

:

share capital

- 19.08.2010

:

share capital, shareholders

changes in company statute

- 14.04.2010

:

managers

- 02.12.2009

:

managers

- 29.10.2009

:

managers

changes in company statute registered or changed procurist

- 03.07.2009

:

managers

- 05.03.2009

:

managers

- 08.04.2008

:

managers

- 26.04.2005

:

V.A.T. payer's license was issued

- 24.03.2005

:

managers

- 14.03.2005

:

new company organized

Activities

:

-	4226	Special warehousing and storage
		(NACE 6312: Storage and warehousing)
-	4731	Freight Forwarding
		(NACE 6340: Activities of other transport agencies)
-	502	Furniture and Home Furnishings
		(NACE 5147: Wholesale of other household goods)
-	57	FURNITURE AND HOME FURNISHINGS STORES
		(NACE 5244: Retail sale of furniture, lighting equipment and household articles n.e.c.)

Freight transport: by road

wholesale and retail of furniture and household goods The company operates with Jysk shops network (sale of household goods, furniture). Starting from 2011 SIA 'DO IT' offers the custom warehouse servicing. Freight transportation by road. Logistic services (only 5% of turnover). 95% of sales is formed by wholesale and retail.

Staff employed

:

70

( the data as of 31.03.2012 )

Staff History

:

-	75
	( the data as of 31.10.2011 )
-	70
	( the data as of 30.06.2011 )
-	62
	( the data as of 31.03.2011 )
-	70 [E]
	( the data as of 31.12.2010 )
-	54
	( the data as of 30.06.2010 )
-	68
	( the data as of 28.02.2009 )
-	51
	( the data as of 29.02.2008 )
-	51
	( the data as of 31.12.2007 )
-	20
	( the data as of 2005 )

Export

:

Lithuania, Estonia, Iceland, Romania, Bulgaria, Canada
2010 - 72% of turnover

Import

:

China Peoples Republic, Indonesia, United Kingdom, Poland, Germany, Netherlands, Lithuania, Bulgaria

Branches

:

none

Subsidiaries and Participation

:

n/a

Bankers

:

-	SWEDBANKA AS (Latvia)
	account(s)	:	LV03HABA0551009413037

Clients

:

Jysk (LV, BG, LT, EE, RO), the Pier (LV), Rumfata Lagerinn Terms offerred to the suppliers: 2-3-weeks respite for clients-related companies.

Suppliers

:

BIK (Iceland) Terms of the suppliers: Chineese suppliers operate only by prepayment terms, European suppliers provide 30-60-days repspite.

Other associated Companies

:

Jysk (LV, BG, LT, EE, RO)

Litigation

:

none

/source: Latvian Court DB/

There are no bankruptcy/insolvency records listed in the subject name in the official sources.

Remarks on payment

:

none

/sources: local debt collection companies/

No current records on defaulted payments are reported by local debt collection companies.

Business mortgages

- 23.07.2008

:

Commercial pledge
	pledgee	:	HANSABANKA AS (Latvia)

( the data as of 27.09.2010 )

- 12.05.2008

:

Commercial pledge				11 807 107 LVL
	pledgee	:	HANSABANKA, Akciju sabiedriba (Latvia)

Lessees: SIA �Do It�, SIA �Jysk Linnen�n Furniture�

( the data as of 02.07.2008 )

- 27.04.2007

:

Commercial pledge
	pledgee	:	JYSK LINNEN'N FURNITURE, SIA (Latvia)

( the data as of 27.04.2007 )

- 23.08.2006

:

Commercial pledge
	pledgee	:	JYSK LINNEN'N FURNITURE, SIA (Latvia)

( the data as of 23.08.2006 )

- 25.08.2005

:

Commercial pledge
	pledgee	:	JYSK LINNEN'N FURNITURE, SIA (Latvia)

( the data as of 25.08.2005 )

Financial Elements

Period, months	12	12	12
Ended	28.02.2011	28.02.2010	28.02.2009
Currency	LVL	LVL	LVL
===== BALANCE SHEET ====================
--- A S S E T S --------------------
NON-CURRENT ASSETS
- Intangible assets	75 833.00	106 263.00
- Fixed assets	1 165 172.00	1 461 383.00	1 780 370.00
- Investments in tangible assets
- Financial assets	198 337.00	0.00
- Other non-current assets
Non-current assets total	1 439 342.00	1 567 646.00	1 895 180.00
CURRENT ASSETS
- Stock	8 606 362.00	9 654 176.00	12 657 815.00
- Debtors	7 745 364.00	4 903 778.00	2 695 844.00
- Other receivables
- Short-term financial investments
- Cash	116 556.00	223 174.00	113 474.00
- Other current assets
Current assets total	16 468 282.00	14 781 128.00	15 467 133.00
Assets total	17 907 624.00	16 348 774.00	17 362 313.00
--- EQUITY AND LIABILITIES ---------
CAPITAL AND RESERVES
- Share capital	632 000.00	2 000.00	2 000.00
- Additional capital
- Other capital
- Reserve capital
- Retained earnings (Non-covered loss)	-386 720.00	-415 924.00
Capital and reserves total	245 280.00	-413 924.00	-613 986.00
Provisions
LONG-TERM LIABILITIES
- Loans and credits	3 862.00	7 207.00
- long-term amounts owed to banks
- Other long-term liabilities	7 910 808.00	8 132 013.00
Long-term liabilities total	7 914 670.00	8 139 220.00	7 680 326.00
SHORT-TERM LIABILITIES
- Loans and credits	3 151 187.00	3 066 527.00
- short-term amounts owed to banks	3 148 128.00	3 061 245.00
- Creditors	6 543 768.00	5 527 897.00
- trade debts	814 768.00	1 048 427.00
- accrued payroll
- tax liabilities	229 379.00	40 884.00
- other creditors	5 499 621.00	4 438 586.00
- advances received
- Dividends in arrears
- Accrued income, deferred charges	52 719.00	29 054.00
- Other short-term liabilities
Short-term liabilities total	9 747 674.00	8 623 478.00	10 295 973.00
Liabilities total	17 662 344.00	16 762 698.00	17 976 299.00
Equity and liabilities total	17 907 624.00	16 348 774.00	17 362 313.00
===== PROFIT AND LOSS ACCOUNT ==========
ORDINARY ACTIVITY INCOME AND CHARGES
Net sales	31 381 856.00	25 592 189.00	28 711 910.00
Cost of goods sold	27 225 083.00	20 778 919.00	-23 620 073.00
Gross profit	4 156 773.00	4 813 270.00
Distribution costs	2 494 173.00	3 290 683.00
Administrative and management costs	376 654.00	602 497.00
Profit on sales
OPERATING INCOME AND CHARGES
Interest receivable	13 427.00	20 134.00
Interest payable	1 277 798.00	696 113.00
Income from participating interests
Other operating income	144 429.00	51 833.00
Other operating charges	27 021.00	48 878.00
Operating profit
INVESTMENT INCOME AND CHARGES
Investment income less charges
Profit before taxation	138 983.00	247 066.00	-346 244.00
Income-tax and other similar payments	109 779.00	47 004.00
Profit (loss) from ordinary activity
Extraordinary income less charges
Net profit	29 204.00	200 062.00	-456 190.00
- - - - - - - KEY RATIOS - - - - - - -
Return on sales, %	0.44	0.97	-1.21
Profit before taxation / Net sales
Operating margin of profit, %
Operating profit / Net sales
Return on investment, %	56.66	-59.69	56.39
Profit before taxation / Equity
Current assets turnover	1.91	1.73	1.86
Net sales / Current assets
Working capital	6 720 608.00	6 157 650.00	5 171 160.00
Current assets - Short-term liabilities
Leverage	0.01	-0.03	-0.04
Equity / Total assets
Current ratio	1.69	1.71	1.50
Current assets / Short-term liabilities
Quick ratio	0.81	0.59	0.27
(Current assets - Stock) / Short-term liabilities
Debt-to-equity ratio	72.01	-40.50	-29.28
Total liabilities / Equity

Publications

- 10.09.2007

:

Subject

:

BNS, LETA

In September, this year, the developer company will start to build a new A-class logistic center Berg at total area 50 th sqm. The biggest lessor will be JYSK Linnen'n Furniture.

FINAL COMMENTS

We have not managed to get in contact with Mrs Skrastina Edite because she was not available for us every time when we called. We have passed our information inquiry for the attention of Mrs Skrastina through the secretary. If/when we get the additional information we will inform you at once.

Capital History

- date n/a

:

632 000 LVL (registered)

( the data cancelled since 27.02.2012 )

- date n/a

:

2 000 LVL (registered)

( the data cancelled since 19.08.2010 )

APPENDIX A

Financial Statements

Period, months	12	12	12
Ended	28.02.2011	28.02.2010	28.02.2009
Currency	LVL	LVL	LVL
PROFIT AND LOSS ACCOUNT
010 Net turnover	31 381 856.00	25 592 189.00
020 Cost of sales	-27 225 083.00	-20 778 919.00
025 Change in stock, finished and semi-finished goods
030 Gross profit or loss	4 156 773.00	4 813 270.00
035 Facilities produced at the expense of own funds for internal use
040 Distribution costs	-2 494 173.00	-3 290 683.00
050 Administrative expenses	-376 654.00	-602 497.00
060 Other operating income	144 429.00	51 833.00
062 Economical expenses
064 Gross profit or loss
065 Administrative charges
067 Depreciation of fixed assets
068 Other operating expenses	-27 021.00	-48 878.00
070 Income from participating interests
080 Income from securities and loans forming long-term
investments
090 Other interest receivable and similar income	13 427.00	20 134.00
100 Value adjustments in respect of financial assets and
of investments held as current assets
110 Interest payable and similar charges	-1 277 798.00	-696 113.00
120 Profit or loss on ordinary activities before taxation	138 983.00	247 066.00
130 Extraordinary income
140 Extraordinary charges
150 Extraordinary profit or loss before taxation
151 Profit or loss before taxation	138 983.00	247 066.00
160 Income-tax for fiscal period	-109 779.00	-47 004.00
170 Other taxes
175 Deferred Income-tax for fiscal period
180 Profit or loss for fiscal period	29 204.00	200 062.00
995 Depreciation
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
BALANCE SHEET
A S S E T S
NON-CURRENT ASSETS
Intangible assets
010 Cost of research and development
020 Concessions, patents, licences, brands, etc.	75 833.00	106 263.00
021 Other intangible assets
030 Goodwill
040 Payments on account for intangible assets
050 Total intangible assets	75 833.00	106 263.00
Tangible assets
060 Real estate
061 Long-term investments in leased tangible assets	2 475.00	3 504.00
070 Plant and machinery	1 065 595.00	1 280 840.00
080 Other fixtures and fittings, tools and equipment	97 102.00	177 039.00
090 Payments on account and tangible assets in cours
of construction
091 Prepayment for tangible assets
100 Total tangible assets	1 165 172.00	1 461 383.00
III Investment property, total
107 Total biological assets
Financial assets
110 Shares in subsidiaries
120 Loans to subsidiaries	198 337.00	0.00
130 Shares in related companies
140 Loans to related companies
150 Other securities and capital participation
160 Other loans
170 Own shares and parts
180 Loans to the members of the company and
the management
182 Trade debtors
184 Deferred income tax asset
190 Total financial assets	198 337.00	0.00
200 NON-CURRENT ASSETS TOTAL	1 439 342.00	1 567 646.00
CURRENT ASSETS
Stock
210 Raw materials and consumables
220 Work in progress
230 Finished goods and goods for resale	5 901 796.00	7 190 665.00
240 Orders outstanding	2 623 805.00	2 342 778.00
250 Payments on account	80 761.00	120 733.00
260 Working and productive animals
270 Total stock	8 606 362.00	9 654 176.00
275 LONG-TERM INVESTMENT ASSETS WITHHELD
FOR SALE
Debtors
280 Trade debtors
290 Amounts owed by subsidiaries	7 619 630.00	4 823 531.00
300 Amounts owed by related companies
310 Other debts	97 558.00	59 176.00
320 Subscribed capital called but not paid
330 Short-terms loans to the members of the company
and the management
340 Prepayments and accrued	28 176.00	21 071.00
341 Accrued income
343 Deferred tax liabilities
350 Total debtors	7 745 364.00	4 903 778.00
Securities current assets and short-term capital
participations
360 Shares in subsidiaries
370 Own shares and parts
380 Other securities and capital participation
385 Financial derivatives
390 Total securities and shares
400 Cash at bank and in hand (total)	116 556.00	223 174.00
410 CURRENT ASSETS TOTAL	16 468 282.00	14 781 128.00
420 BALANCE	17 907 624.00	16 348 774.00
L I A B I L I T I E S
CAPITAL AND RESERVES
430 Share capital	632 000.00	2 000.00
440 Share premium account
450 Long-term assets revaluation reserve
Reserves
460 Reserve stipulated by law
470 Reserve for own shares and parts
480 Reserve provided by charter
490 Other reserves
500 Total reserves
Retained earning or uncovered losses
510 Profit or loss brought forward from previous years	-415 924.00	-615 986.00
520 Profit or loss for the current year	29 204.00	200 062.00
525 Consolidation margin
530 CAPITAL AND RESERVES TOTAL	245 280.00	-413 924.00
PROVISIONS
540 Provisions for pensions and similar obligations
550 Provisions for taxation
560 Other provisions
570 PROVISIONS TOTAL
CREDITORS
Long-term liabilities
580 Debenture loans
590 Convertible loans
600 Amounts owed to credit institutions
601 Other loans	3 862.00	7 207.00
602 Advanced payments received
603 Trade debts
610 Amounts owed to subsidiaries	7 790 490.00	8 001 331.00
620 Amounts owed to related companies
621 Taxes and social security payments
630 Other creditors
631 Deferred income
632 Non-paid dividends of current year
633 Non-paid dividends of previous years
634 Deferred tax liabilities	120 318.00	130 682.00
640 Total long-term liabilities	7 914 670.00	8 139 220.00
Short-term liabilities
650 Debenture loans
660 Convertible loans
670 Amounts owed to credit institutions	3 148 128.00	3 061 245.00
671 Other loans	3 059.00	5 282.00
680 Advanced payments received
690 Trade debts	814 768.00	1 048 427.00
700 Bills of exchange payable
710 Amounts owed to subsidiaries	5 482 050.00	4 404 872.00
720 Amounts owed to related companies
730 Taxes and social security payments	229 379.00	40 884.00
740 Other creditors	17 571.00	33 714.00
750 Deferred income
760 Fiscal period dividends
770 Non-paid dividends of previous years
771 Accrued charges	52 719.00	29 054.00
773 Deferred tax liabilities
774 Obligations for state funds exploitation
775 Alienated financial instruments
995 Depreciation
780 Total short-term liabilities	9 747 674.00	8 623 478.00
790 CREDITORS TOTAL	17 662 344.00	16 762 698.00
800 BALANCE	17 907 624.00	16 348 774.00
990 Employees number

- 28.02.2009

:

Fiscal period: 12 month(s), currency: LVL
PROFIT AND LOSS ACCOUNT
010 Net turnover	28 711 910.00
020 Cost of sales	-23 620 073.00
025 Change in stock, finished and semi-finished goods
030 Gross profit or loss	5 091 837.00
035 Facilities produced at the expense of own funds for internal use
040 Distribution costs	-4 434 382.00
050 Administrative expenses	-656 733.00
060 Other operating income	479 806.00
062 Economical expenses
064 Gross profit or loss
065 Administrative charges
067 Depreciation of fixed assets
068 Other operating expenses	-244 577.00
070 Income from participating interests
080 Income from securities and loans forming long-term
investments
090 Other interest receivable and similar income	10 088.00
100 Value adjustments in respect of financial assets and
of investments held as current assets
110 Interest payable and similar charges	-592 283.00
120 Profit or loss on ordinary activities before taxation	-346 244.00
130 Extraordinary income
140 Extraordinary charges
150 Extraordinary profit or loss before taxation
151 Profit or loss before taxation	-346 244.00
160 Income-tax for fiscal period	-2 966.00
170 Other taxes
175 Deferred Income-tax for fiscal period	-106 980.00
180 Profit or loss for fiscal period	-456 190.00
995 Depreciation
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
BALANCE SHEET
A S S E T S
NON-CURRENT ASSETS
Intangible assets
010 Cost of research and development
020 Concessions, patents, licences, brands, etc.	114 810.00
021 Other intangible assets
030 Goodwill
040 Payments on account for intangible assets
050 Total intangible assets	114 810.00
Tangible assets
060 Real estate
061 Long-term investments in leased tangible assets	11 227.00
070 Plant and machinery	1 517 771.00
080 Other fixtures and fittings, tools and equipment	251 372.00
090 Payments on account and tangible assets in cours
of construction
091 Prepayment for tangible assets	0.00
100 Total tangible assets	1 780 370.00
III Investment property, total
107 Total biological assets
Financial assets
110 Shares in subsidiaries
120 Loans to subsidiaries
130 Shares in related companies
140 Loans to related companies
150 Other securities and capital participation
160 Other loans
170 Own shares and parts
180 Loans to the members of the company and
the management
182 Trade debtors
184 Deferred income tax asset
190 Total financial assets
200 NON-CURRENT ASSETS TOTAL	1 895 180.00
CURRENT ASSETS
Stock
210 Raw materials and consumables
220 Work in progress
230 Finished goods and goods for resale	10 864 234.00
240 Orders outstanding	1 307 034.00
250 Payments on account	486 547.00
260 Working and productive animals
270 Total stock	12 657 815.00
275 LONG-TERM INVESTMENT ASSETS WITHHELD
FOR SALE
Debtors
280 Trade debtors
290 Amounts owed by subsidiaries	1 570 783.00
300 Amounts owed by related companies
310 Other debts	920 058.00
320 Subscribed capital called but not paid
330 Short-terms loans to the members of the company
and the management
340 Prepayments and accrued	205 003.00
341 Accrued income
343 Deferred tax liabilities
350 Total debtors	2 695 844.00
Securities current assets and short-term capital
participations
360 Shares in subsidiaries
370 Own shares and parts
380 Other securities and capital participation
385 Financial derivatives
390 Total securities and shares
400 Cash at bank and in hand (total)	113 474.00
410 CURRENT ASSETS TOTAL	15 467 133.00
420 BALANCE	17 362 313.00
L I A B I L I T I E S
CAPITAL AND RESERVES
430 Share capital	2 000.00
440 Share premium account
450 Long-term assets revaluation reserve
Reserves
460 Reserve stipulated by law
470 Reserve for own shares and parts
480 Reserve provided by charter
490 Other reserves
500 Total reserves
Retained earning or uncovered losses
510 Profit or loss brought forward from previous years	-159 796.00
520 Profit or loss for the current year	-456 190.00
530 CAPITAL AND RESERVES TOTAL	-613 986.00
PROVISIONS
540 Provisions for pensions and similar obligations
550 Provisions for taxation
560 Other provisions
570 PROVISIONS TOTAL
CREDITORS
Long-term liabilities
580 Debenture loans
590 Convertible loans
600 Amounts owed to credit institutions
601 Other loans	12 489.00
602 Advanced payments received
603 Trade debts
610 Amounts owed to subsidiaries	7 560 857.00
620 Amounts owed to related companies
621 Taxes and social security payments
630 Other creditors
631 Deferred income
632 Non-paid dividends of current year
633 Non-paid dividends of previous years
634 Deferred tax liabilities	106 980.00
640 Total long-term liabilities	7 680 326.00
Short-term liabilities
650 Debenture loans
660 Convertible loans
670 Amounts owed to credit institutions	8 197 521.00
671 Other loans	7 052.00
680 Advanced payments received
690 Trade debts	487 411.00
700 Bills of exchange payable
710 Amounts owed to subsidiaries	1 492 123.00
720 Amounts owed to related companies
730 Taxes and social security payments	15 511.00
740 Other creditors	36 782.00
750 Deferred income
760 Fiscal period dividends
770 Non-paid dividends of previous years
771 Accrued charges	59 573.00
773 Deferred tax liabilities
775 Alienated financial instruments
995 Depreciation
780 Total short-term liabilities	10 295 973.00
790 CREDITORS TOTAL	17 976 299.00
800 BALANCE	17 362 313.00
990 Employees number

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.57.21
UK Pound	1	Rs.89.42
Euro	1	Rs.71.46

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.