MIRA INFORM REPORT

Report Date :

18.09.2012

IDENTIFICATION DETAILS

Name :	CORSA - LIMITED LIABILITY COMPANY
Registered Office :	Mazhorov per., 14, bldg. 14, office 300, Moscow, 107023
Country :	Russian Federation
Date of Incorporation :	09.02.2012
Com. Reg. No.:	1127746081539
Legal Form :	OOO (Limited Liability Company by Russian Law)
Line of Business :	Wholesale trade in foodstuff (canned goods).
No. of Employees :	5

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
--	NB	New Business	--

Status :	New Business
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)
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 address mentioned in your inquiry belongs to the company Obschestvo s ogranichennoy otvetstvennostyu "KORSA" (name in English: "CORSA" LIMITED LIABILITY COMPANY). We provide the report on this company.

Summary

Original Name	Obschestvo s ogranichennoy otvetstvennostyu "KORSA"
Legal Form	OOO (Limited Liability Company by Russian Law)
Year of Foundation	2012
Sales	not available
Employees	5 on September, 17, 2012 (company's data)

Company Identification Details

Original Name	Obschestvo s ogranichennoy otvetstvennostyu "KORSA"
Short Name	OOO "KORSA"
Name in English	"CORSA" LIMITED LIABILITY COMPANY
Address	Mazhorov per., 14, bldg. 14, office 300, Moscow, 107023, Russian Federation
Legal Address	1-st Frezernaya str., 2/1, bldg. 41, Moscow, 109202, Russian Federation
Phone	+7 (495) 7754638, 5450864, 7754807, 7754714
Fax	+7 (495) 7754638, 5450864, 7754807, 7754714
E-mail	office@lutik.ru
WEB Address	www.lutik.ru

Official Company Data

Legal Form	OOO (Limited Liability Company by Russian Law)
Date of Registration	09.02.2012
Registration Number	1127746081539
Statistic Code (OKPO)	38322077
Taxpayer Code (INN)	7721749487
Registration Authority	Federal Tax Service of Russian Federation

Public Record Information

Information

The company Obschestvo s ogranichennoy otvetstvennostyu "KORSA" was not included in the published list of bankrupt companies.

Share Capital

Current Share Capital

10 000 RUR

Shareholders

Total	1 private person
Shareholder	Ms Chuvileva Nadezhda Viktorovna
Nationality	Russian Federation
Address	Smirnovskaya str., 4B, ap. 28, Moscow, 109052, Russian Federation
Date of Birth	01.09.1974
Taxpayer Code (INN)	772203193115
Share	100 %

Directors

Director	Ms Chuvileva Nadezhda Viktorovna
	Signature Right
Nationality	Russian Federation
Address	Smirnovskaya str., 4B, ap. 28, Moscow, 109052, Russian Federation
Date of Birth	01.09.1974
Taxpayer Code (INN)	772203193115

Operations

Activities	Wholesale trade in foodstuff (canned goods). The company sells goods under brand LUTIK.
Staff Employed	5 on September, 17, 2012 (company's data)

Real Estate

Own	none
Rent	Office Address: Mazhorov per., 14, bldg. 14, office 300, Moscow, 107023, Russian Federation (company's data) Warehouse Address: Mazhorov per., 14, bldg. 14, Moscow, 107023, Russian Federation (company's data)

Branches

Branch

None

Participation

Information

None

Related Companies

Information

Ms Chuvileva Nadezhda Viktorovna isn't a shareholder or a director of any other companies in Russian Federation.

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 the Ms Chuvileva Nadezhda Viktorovna (as private person) doesn't have not paid taxes.

Financial Data

As the company was registered in 2012, the financial data of this company haven't been available yet.

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.53.97
UK Pound	1	Rs.87.52
Euro	1	Rs.70.84

INFORMATION DETAILS

Report Prepared by :

PRL

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%)

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