MIRA INFORM REPORT

Report Date :

30.05.2012

IDENTIFICATION DETAILS

Name :	OOO KOLVI
Registered Office :	9-th Parkovaya str., 39, Moscow, 105264, Russian Federation
Country :	Russia
Financials (as on) :	01.01.2011
Date of Incorporation :	06.06.2006
Com. Reg. No.:	1067746674896
Legal Form :	OOO (Limited Liability Company by Russian Law)
Line of Business :	Sales of food ingredients, food supplements, food aromatizers.
No. of Employees :	20

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)
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, e-mail and the telephone numbers mentioned in your inquiry belong to the company Obschestvo s ogranichennoy otvetstvennostyu "KOLVI" (name in English: "KOLVY" LIMITED LIABILITY COMPANY). We provide the report on this company.

Summary

Original Name	Obschestvo s ogranichennoy otvetstvennostyu "KOLVI"
Legal Form	OOO (Limited Liability Company by Russian Law)
Year of Foundation	2006
Sales	1 932 792 th RUR for 12 months, ended 01.01.2011
Employees	20 (approx.) on May, 29, 2012 (company's data)

Company Identification Details

Original Name	Obschestvo s ogranichennoy otvetstvennostyu "KOLVI"
Short Name	OOO "KOLVI"
Name in English	"KOLVY" LIMITED LIABILITY COMPANY
Address	9-th Parkovaya str., 39, office 404, Moscow, 105264, Russian Federation
Legal Address	9-th Parkovaya str., 39, Moscow, 105264, Russian Federation
Phone	+7 (495) 7429343, 7481678, 9655590
Fax	+7 (495) 7429343, 7481678
E-mail	kolvy@kolvy.ru
WEB Address	www.kolvy.ru

Official Company Data

Legal Form	OOO (Limited Liability Company by Russian Law)
Date of Registration	06.06.2006
Registration Number	1067746674896
Statistic Code (OKPO)	95971462
Taxpayer Code (INN)	7719593063
Registration Authority	Federal Tax Service of Russian Federation

Public Record Information

Information

The company Obschestvo s ogranichennoy otvetstvennostyu "KOLVI" 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 Kozulin Evgeniy Viktorovich
Nationality	Russian Federation
Taxpayer Code (INN)	501205425909
Share	100 %

Directors

Director	Mr Trubetskoy Mikhail Aleksandrovich
	Signature Right
Nationality	Russian Federation

Re-Registration Data

Date of Registration	06.06.2006
	(Entering into the Single State Register of Legal Entities)
Registration Number	1067746674896
Registration Authority	Federal Tax Service of Russian Federation
Date of Re-registration	16.10.2008
File Number	2087762754550
Registration Authority	Federal Tax Service of Russian Federation
Changes	Company's Rules
Date of Re-registration	27.11.2009
File Number	7097748535230
Registration Authority	Federal Tax Service of Russian Federation
Changes	Company's Rules

Operations

Activities	Sales of food ingredients, food supplements, food aromatizers. The company sells goods under brands: KOLVI-DEKOR, KOLVI-STANDART, KOLVI-KOMPLEKS, KOLVI-PREMIUM, STABILTEKS.
Staff Employed	20 (approx.) on May, 29, 2012 (company's data)

Real Estate

Own	None
Rent	Office Address: 9-th Parkovaya str., 39, office 404, Moscow, 105264, Russian Federation (company's data) Warehouse Address: 2-nd Irtyshskiy pr., 2 B, Moscow, Russian Federation (company's data)

Export & Import

Export Countries	2011: Kyrgyzstan, Armenia, Ukraine 2010: Kyrgyzstan, Armenia 2009: Kyrgyzstan, Kazakhstan, Armenia 2008: Ukraine
Exported Goods	foodstuff, food raw materials
Export Value	in 2011: 192 838 USD in 2010: 108 434 USD in 2009: 198 386 USD in 2008: 46 940 USD
Import Countries	2008-2011: No Import Activity
Imported Goods	none
Import Value	none

Branches

Branch

None

Participation

Information

None

Related Companies

Information

Mr Kozulin Evgeniy Viktorovich is a shareholder of companies: OOO "KOLVI-SIBIR'" Registration Number: 1035403209621 OOO "IRTYSH-2" Registration Number: 1087746851873 OOO "KOLVI-ROSTOV" Registration Number: 1026104149598 OOO "KOLVI-VOLGA" Registration Number: 1046300794242 OOO "KOLVI-UFA" Registration Number: 1020202872942 OOO "DELOVOY TSENTR-39" Registration Number: 1127746277317 OOO "KOLVI-OMSK" Registration Number: 1045501004548 OOO "KOLVI N.NOVGOROD" Registration Number: 1035205419435 OOO "KOLVI-CHELYABINSK" Registration Number: 1027402910468 OOO "RUSSKAYA BAKALEYNAYA KOMPANIYA" Registration Number: 1045010203270 Mr Trubetskoy Mikhail Aleksandrovich isn't a shareholder and director of any other companies in Russian Federation.

Bankers

Bank	AKTSIONERNYY KOMMERCHESKIY SBEREGATEL'NYY BANK ROSSIYSKOY FEDERATSII (OAO), branch "STROMYNSKIY" No 5281 (Russian Federation)
Bank	ZAO "YUNIKREDIT BANK" (Russian Federation)

Financial Data

Profit and Loss (extract)

The following figures are shown in units of 1000

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	1932792	1713487	1393333	1044677
Cost of Goods sold	1687296	1533924	1301482	977914
GROSS PROFIT	245496	179563	91851	66763
Distribution Costs	79676	85765	47259	28755
Management Costs	81708	42967	33263	25422
OPERATING PROFIT	84112	50831	11329	12586
Non Trading Income	-40709	-16153	-1190	-3445
PRE TAX PROFIT	43403	34678	10139	9141
Taxation	9382	10993	1025	2623
PROFIT AFTER TAX	32553	19013	7038	6532

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	824	692	1022	1965
Intangible Assets	120
Fixed Assets	438	692	1022	998
TOTAL CURRENT ASSETS	681218	677413	604277	432428
Stock	338888	338082	327040	252198
Trade debtors	310535	258377	175351	137905
Cash	5618	9141	4119	4739
TOTAL ASSETS	682042	678105	605299	434393
TOTAL EQUITY	32563	25790	7048	11616
Share Capital	10	10	10	10
Retained Profits	32553	25780	7038	11606
TOTAL LONG TERM LIABS	181	178	3577	2467
Long Term Loans
TOTAL CURRENT LIABS	649298	652137	594674	420310
Short Term Loans
Short Term Trade Creditors	620522	652137	594674	420310
TOTAL EQUITY & LIABS	682042	678105	605299	434393

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	1,05	1,04	1,02	1,03
Working Capital, x1000 RUR	31920	25276	9603	12118
Quick Ratio	0,53	0,52	0,47	0,43
Debt to Equity Ratio	19,95	25,29	84,88	36,4
Current Assets Turnover	2,84	2,53	2,31	2,42
Total Assets Turnover Ratio	2,83	2,53	2,3	2,4
Pre Tax Profit Margin, %	2,25	2,02	0,73	0,88
Gross Profit, %	12,7	10,48	6,59	6,39
Return on Investment, %	133,29	134,46	143,86	78,69
Return on Assets, %	6,36	5,11	1,68	2,1

Clients & Suppliers

Clients

OOO "BLUR" (Armenia) CHPF "VAKVI" (Ukraine) OSOO "MDM TRADE" (Kyrgyzstan) OOO "KATVI-PRODUKT" (Ukraine) *** 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

The information of Arbitration court of Moscow about judicial claims is presented

Date of registration	15.05.2012
Registration number	A40-52789/2011
Plaintiff	OOO "KOLVI"
Defendant	OOO "INVESTITSII I RESURSY"
Claim sum	-
Claim category	About bankruptcy

Date of registration	12.04.2012
Registration number	A41-9446/2011
Plaintiff	OOO "KOLVI"
Defendant	OAO "NOGINSKIY MYASOKOMBINAT"
Claim sum	-
Claim category	About bankruptcy

Date of registration	12.03.2012
Registration number	A40-151/2012
Plaintiff	OOO "KOLVI"
Defendant	OOO PRODSERVIS
Claim sum	1 450 000 RUR
Claim category	Default of obligations under the contract

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 Mr Kozulin Evgeniy Viktorovich (as private person) does'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	-	-	120
Fixed assets	120	1022	692	438
Construction in progress	130	-	-	-
Income-bearing investments in tangible assets	135	-	-	-
Long-term financial investments	140	-	-	-
Deferred tax assets	145	-	-	266
Other non-current assets	150	-	-	-
Total section I	190	1022	692	824
II. CURRENT ASSETS
Inventories	210	327040	338082	338888
including :
raw materials and other inventories	211	65075	72721	85343
livestock	212	-	-	-
work in progress	213	-	-	-
finished goods and goods for resale	214	228464	236252	212286
goods dispatched	215	27806	28634	40594
expenses related to future periods	216	452	418	628
other supplies and expenditures	217	5243	57	37
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	175351	258377	310535
including :
buyers and customers	241	161306	248315	305101
Short-term investments	250	52000	37492	4940
Monetary assets	260	4119	9141	5618
Other current assets	270	45767	34321	21237
Total section II	290	604277	677413	681218
TOTAL SECTIONS I and II	300	605299	678105	682042
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	7038	25780	32553
Total section III	490	7048	25790	32563
IV. NON-CURRENT LIABILITIES
Borrowings	510	-	-	-
Deferred tax liabilities	515	3577	178	181
Other non-current liabilities	520	-	-	-
Total section IV	590	3577	178	181
V. CURRENT LIABILITIES
Borrowings	610	-	-	-
Accounts payable	620	594674	652137	620522
including :
suppliers and contractors	621	592452	643137	612168
salaries payable	622	1	-	29
payable to state non-budget funds	623	-	-	-
taxes payable	624	-	6051	3096
other creditors	625	2221	2949	5229
Dividends payable to participants (shareholders)	630	-	-	-
Income of future periods	640	-	-	-
Reserves for future expenses and payments	650	-	-	-
Other current liabilities	660	-	-	9040
Total section V	690	594674	652137	649298
TOTAL SECTIONS III,IV,V	700	605299	678105	682042

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	1932792	1713487	1393333
Cost of goods, products, work, services sold	020	1687296	1533924	1301482
Gross profit	029	245496	179563	91851
Selling expenses	030	79676	85765	47259
Administrative expenses	040	81708	42967	33263
Profit (loss) from operations	050	84112	50831	11329
OTHER INCOME AND EXPENSES
Interest income	060	70	850	1970
Interest expenses	070	1989	-	-
Income from investments in other companies	080	101	-	-
Other operating income	090	79597	67366	3127
Other operating expenses	100	118488	84369	6287
Non-operating income	120	-	-	-
Non-operating expenses	130	-	-	-
Profit (loss) before profit tax	140	43403	34678	10139
Deferred tax assets	141	266	-	-26
Deferred tax liabilities	142	2	3357	2029
Current profit tax	150	9382	10993	1025
Net profit (loss) for the reporting period	190	32553	19013	7038

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.55.58
UK Pound	1	Rs.87.14
Euro	1	Rs.69.73

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.