MIRA INFORM REPORT

Report Date :

23.11.2012

IDENTIFICATION DETAILS

Name :	OBSCHESTVO S OGRANICHENNOY OTVETSTVENNOSTYU PROIZVODSTVENNAYA KOMPANIYA "ROSMET"
Registered Office :	Karpatskaya Str., 14, Bldg. 3, St.-Petersburg, 192289
Country :	Russia
Financials (as on) :	01.01.2012
Date of Incorporation :	14.07.2006
Com. Reg. No.:	5067847146208
Legal Form :	Limited Liability Company by Russian Law
Line of Business :	The company is engaged in preparation of scrap metal (collection, sorting, preparing, cleaning shreddering and packing).
No. of Employees :	42

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
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 – June 30^th, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
Russia	A2	A2

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

RUSSIA - ECONOMIC OVERVIEW

Russia has undergone significant changes since the collapse of the Soviet Union, moving from a globally-isolated, centrally-planned economy to a more market-based and globally-integrated economy. Economic reforms in the 1990s privatized most industry, with notable exceptions in the energy and defense-related sectors. The protection of property rights is still weak and the private sector remains subject to heavy state interference. Russian industry is primarily split between globally-competitive commodity producers. In 2011, Russia became the world's leading oil producer, surpassing Saudi Arabia; Russia is the second-largest producer of natural gas; Russia holds the world's largest natural gas reserves, the second-largest coal reserves, and the eighth-largest crude oil reserves. Russia is the third-largest exporter of both steel and primary aluminum. Other less competitive heavy industries remain dependent on the Russian domestic market. Russia's reliance on commodity exports makes it vulnerable to boom and bust cycles that follow the highly volatile swings in global commodity prices. The government since 2007 has embarked on an ambitious program to reduce this dependency and build up the country's high technology sectors, but with few results so far. The economy had averaged 7% growth in the decade following the 1998 Russian financial crisis, resulting in a doubling of real disposable incomes and the emergence of a middle class. The Russian economy, however, was one of the hardest hit by the 2008-09 global economic crisis as oil prices plummeted and the foreign credits that Russian banks and firms relied on dried up. According to the World Bank the government's anti-crisis package in 2008-09 amounted to roughly 6.7% of GDP. The Central Bank of Russia spent one-third of its $600 billion international reserves, the world's third largest, in late 2008 to slow the devaluation of the ruble. The government also devoted $200 billion in a rescue plan to increase liquidity in the banking sector and aid Russian firms unable to roll over large foreign debts coming due. The economic decline bottomed out in mid-2009 and the economy began to grow in the third quarter of 2009. However, a severe drought and fires in central Russia reduced agricultural output, prompting a ban on grain exports for part of the year, and slowed growth in other sectors such as manufacturing and retail trade. High oil prices buoyed Russian growth in 2011 and helped Russia reduce the budget deficit inherited from the lean years of 2008-09. Russia has reduced unemployment since 2009 and has made progress on reducing inflation since 2010. Russia's long-term challenges include a shrinking workforce, a high level of corruption, difficulty in accessing capital for smaller, non-energy companies, and poor infrastructure in need of large investments.

Source : CIA

Comments

Information

The telephone number mentioned in your inquiry belongs to the company Obschestvo s ogranichennoy otvetstvennostyu PROIZVODSTVENNAYA KOMPANIYA "ROSMET" (name in English: PRODUCTION COMPANY "ROSMET" LIMITED LIABILITY COMPANY). The address mentioned in your inquiry belongs to the industrial area and warehouse of this company. The company OOO PROIZVODSTVENNAYA KOMPANIYA "ROSMET" (registration number 5067847146208) has been registered in 2006 and has taken a business activity from the company OOO "ROSMET" (registration number: 1042402656493), but it isn't the legal successor. The company OOO "ROSMET" has been working from 2004 until 2008. Now the company OOO "ROSMET" is not exist. We provide the report on the company OOO PROIZVODSTVENNAYA KOMPANIYA "ROSMET".

Summary

Original Name	Obschestvo s ogranichennoy otvetstvennostyu PROIZVODSTVENNAYA KOMPANIYA "ROSMET"
Legal Form	OOO (Limited Liability Company by Russian Law)
Year of Foundation	2006
Sales	39 399 th RUR for 12 months, ended 01.01.2012
Employees	42 on November, 21, 2012 (company's data)

Company Identification Details

Original Name	Obschestvo s ogranichennoy otvetstvennostyu PROIZVODSTVENNAYA KOMPANIYA "ROSMET"
Short Name	OOO PK "ROSMET"
Name in English	PRODUCTION COMPANY "ROSMET" LIMITED LIABILITY COMPANY
Address	Karpatskaya str., 14, bldg. 3, St.-Petersburg, 192289, Russian Federation
Legal Address	Karpatskaya str., 14, bldg. 3, St.-Petersburg, 192289, Russian Federation
Phone	+7 (901) 3046826 +7 (937) 6368221
Fax	+7 (937) 6368257
E-mail	support@promscrap.com
WEB Address	www.promscrap.com

Official Company Data

Legal Form	OOO (Limited Liability Company by Russian Law)
Date of Registration	14.07.2006
Registration Number	5067847146208
Statistic Code (OKPO)	94681325
Taxpayer Code (INN)	7816393038
Registration Authority	Federal Tax Service of Russian Federation

Public Record Information

Information

The company Obschestvo s ogranichennoy otvetstvennostyu PROIZVODSTVENNAYA KOMPANIYA "ROSMET" 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 Labkov Aleksandr Alekseevich
Nationality	Russian Federation
Taxpayer Code (INN)	781607911278
Share	100 %

Directors

Director	Mr Labkov Aleksandr Alekseevich
	Signature Right
Nationality	Russian Federation
Taxpayer Code (INN)	781607911278

Re-Registration Data

Date of Registration	14.07.2006
	(Entering into the Single State Register of Legal Entities)
Registration Number	5067847146208
Registration Authority	Federal Tax Service of Russian Federation
Date of Re-registration	20.12.2006
File Number	2069847896732
Registration Authority	Federal Tax Service of Russian Federation
Changes	Company's Rules
Date of Re-registration	11.07.2008
File Number	8089847223590
Registration Authority	Federal Tax Service of Russian Federation
Changes	Company's Rules
Date of Re-registration	30.12.2009
File Number	6099847460333
Registration Authority	Federal Tax Service of Russian Federation
Changes	Company's Rules

Operations

Activities

The company is engaged in preparation of scrap metal (collection, sorting, preparing, cleaning shreddering and packing). The company OOO PK "ROSMET" (registration number 5067847146208) has been registered in 2006 and has taken a business activity from the company OOO "ROSMET" (registration number: 1042402656493), but it isn't the legal successor. The company OOO "ROSMET" has been working from 2004 until 2008. Now the company OOO "ROSMET" is not exist.

Staff Employed

42 on November, 21, 2012 (company's data)

Real Estate

Own	None
Rent	Office Address: Karpatskaya str., 14, bldg. 3, St.-Petersburg, 192289, Russian Federation (company's data) Industrial area, warehouse Address: Lenina str., 113, Krasnoyarsk, Krasnoyarsk Region, 660017, Russian Federation (company's data)

Export & Import

Export Countries	2008-2011: No Export Activity
Exported Goods	none
Export Value	none
Import Countries	2008-2011: No Import Activity
Imported Goods	none
Import Value	none

Branches

Branch

None

Participation

Information

None

Related Companies

Information

Mr Labkov Aleksandr Alekseevich isn't a shareholder or a director of any other companies in Russian Federation.

Financial Data

PROFIT AND LOSS (EXTRACT)

The following figures are shown in units of 1000

Period, months	12	12	12	12
Ended	01.01.2012	01.01.2011	01.01.2010	01.01.2009
Currency	RUR	RUR	RUR	RUR
SALES	39399	25735	15728	30153
Cost of Goods sold	32831	22873	13711	25601
GROSS PROFIT	6568	2862	2017	4552
Distribution Costs		7
Management Costs	5048	1848	1113	1449
OPERATING PROFIT	1520	1007	904	3103
Non Trading Income	-360	-103	-274	-54
PRE TAX PROFIT	1160	904	630	3049
Taxation	234	181	169	733
PROFIT AFTER TAX	923	723	461	2316

BALANCE SHEET (EXTRACT)

The following figures are shown in units of 1000

As at	01.01.2012	01.01.2011	01.01.2010	01.01.2009
Currency	RUR	RUR	RUR	RUR
TOTAL FIXED ASSETS	1404	444	377	481
Intangible Assets
Fixed Assets	1404	285	377	481
TOTAL CURRENT ASSETS	12116	9018	5751	5504
Stock	10140	6221	4953	4608
Trade debtors	1699	2109	738	656
Cash	102	667	60	240
TOTAL ASSETS	13520	9462	6128	5985
TOTAL EQUITY	5241	4372	3654	3193
Share Capital	10	10	10	10
Retained Profits	5231	4362	3644	3183
TOTAL LONG TERM LIABS	3
Long Term Loans
TOTAL CURRENT LIABS	8276	5090	2474	2792
Short Term Loans		583
Short Term Trade Creditors	8229	4507	2474	2792
TOTAL EQUITY & LIABS	13520	9462	6128	5985

KEY CREDIT RATIOS

The following figures are shown as Ratios or Percentages

Accounts Date	01.01.2012	01.01.2011	01.01.2010	01.01.2009
Current Ratio	1,46	1,77	2,32	1,97
Working Capital, x1000 RUR	3840	3928	3277	2712
Quick Ratio	0,24	0,55	0,32	0,32
Debt to Equity Ratio	1,58	1,16	0,68	0,87
Current Assets Turnover	3,25	2,85	2,73	5,48
Total Assets Turnover Ratio	2,91	2,72	2,57	5,04
Pre Tax Profit Margin, %	2,94	3,51	4,01	10,11
Gross Profit, %	16,67	11,12	12,82	15,1
Return on Investment, %	22,13	20,68	17,24	95,49
Return on Assets, %	8,58	9,55	10,28	50,94

Actions at law

According to Arbitration court of Moscow judicial claims of the company are not registered.

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 Labkov Aleksandr Alekseevich (as private person) doesn'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 01.01.2010	as at 01.01.2011	as at 01.01.2012
I. NON-CURRENT ASSETS
Intangible assets	110	-	-	-
Fixed assets	120	377	285	1404
Construction in progress	130	-	159	-
Income-bearing investments in tangible assets	135	-	-	-
Long-term financial investments	140	-	-	-
Deferred tax assets	145	-	-	-
Other non-current assets	150	-	-	-
Total section I	190	377	444	1404
II. CURRENT ASSETS
Inventories	210	4953	6221	10140
including :
raw materials and other inventories	211	1788	3859	-
livestock	212	-	-	-
work in progress	213	-	-	-
finished goods and goods for resale	214	3165	2342	-
goods dispatched	215	-	-	-
expenses related to future periods	216	-	20	-
other supplies and expenditures	217	-	-	-
Value added tax on purchased goods	220	-	21	-
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	738	2109	1699
including :
buyers and customers	241	152	1325	-
Short-term investments	250	-	-	-
Monetary assets	260	60	667	102
Other current assets	270	-	-	175
Total section II	290	5751	9018	12116
TOTAL SECTIONS I and II	300	6128	9462	13520
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	3644	4362	5231
Total section III	490	3654	4372	5241
IV. NON-CURRENT LIABILITIES
Borrowings	510	-	-	-
Deferred tax liabilities	515	-	-	3
Other non-current liabilities	520	-	-	-
Total section IV	590	-	-	3
V. CURRENT LIABILITIES
Borrowings	610	-	583	-
Accounts payable	620	2474	4507	8229
including :
suppliers and contractors	621	2192	2800	-
salaries payable	622	30	104	-
payable to state non-budget funds	623	13	77	-
taxes payable	624	83	68	-
other creditors	625	156	1458	-
Dividends payable to participants (shareholders)	630	-	-	-
Income of future periods	640	-	-	-
Reserves for future expenses and payments	650	-	-	-
Other current liabilities	660	-	-	47
Total section V	690	2474	5090	8276
TOTAL SECTIONS III,IV,V	700	6128	9462	13520

PROFIT AND LOSS ACCOUNT

The following figures are shown in units of 1000

PARAMETER	Line code	01.01.2012	01.01.2011	01.01.2010
INCOME FROM AND EXPENSES ON ORDINARY ACTIVITIES
Sale of goods, products, work, services (less VAT, excise tax, other similar mandatory payments)	010	39399	25735	15728
Cost of goods, products, work, services sold	020	32831	22873	13711
Gross profit	029	6568	2862	2017
Selling expenses	030	-	7	-
Administrative expenses	040	5048	1848	1113
Profit (loss) from operations	050	1520	1007	904
OTHER INCOME AND EXPENSES
Interest income	060	-	-	-
Interest expenses	070	13	29	-
Income from investments in other companies	080	-	-	-
Other operating income	090	4	81	-
Other operating expenses	100	351	155	274
Non-operating income	120	-	-	-
Non-operating expenses	130	-	-	-
Profit (loss) before profit tax	140	1160	904	630
Deferred tax assets	141	-	-	-
Deferred tax liabilities	142	-	-	-
Current profit tax	150	234	181	169
Net profit (loss) for the reporting period	190	923	723	461

Rates of Exchange

RUR - Russian Rouble	01.01.2012:   1 EUR = 41.67 RUR,   1 USD = 32.19 RUR
EUR - EURO	01.01.2011:   1 EUR = 40.49 RUR,   1 USD = 30.35 RUR
USD - US Dollar	01.01.2010:   1 EUR = 43.46 RUR,   1 USD = 30.19 RUR

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.15
UK Pound	1	Rs.88.03
Euro	1	Rs.70.85

INFORMATION DETAILS

Report Prepared by :

SMN

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.