MIRA INFORM REPORT

Report Date :

20.12.2013

IDENTIFICATION DETAILS

Name :	ONYX MASTER LLC

Registered Office :	Ul Nagornaya d 1 str 1 117186 g Moskva

Country :	Russia

Financials (as on) :	31.12.2012

Date of Incorporation :	03.02.2009

Com. Reg. No.:	1097746052876

Legal Form :	Limited liability companies

Line of Business :	Wholesale of wood

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow
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,2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Russia

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. 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 also a top exporter of metals such as steel and primary aluminum. Russia's reliance on commodity exports makes it vulnerable to boom and bust cycles that follow the volatile swings in global 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 visible 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 economic decline bottomed out in mid-2009 and the economy began to grow again in the third quarter of 2009. High oil prices buoyed Russian growth in 2011-12 and helped Russia reduce the budget deficit inherited from 2008-09. Russia has reduced unemployment to a record low and has lowered inflation below double digit rates. Russia joined the World Trade Organization in 2012, which will reduce trade barriers in Russia for foreign goods and services and help open foreign markets to Russian goods and services. At the same time, Russia has sought to cement economic ties with countries in the former Soviet space through a Customs Union with Belarus and Kazakhstan, and, in the next several years, through the creation of a new Russia-led economic bloc called the Eurasian Economic Union. Russia has had difficulty attracting foreign direct investment and has experienced large capital outflows in the past several years, leading to official programs to improve Russia's international rankings for its investment climate. Russia's adoption of a new oil-price-based fiscal rule in 2012 and a more flexible exchange rate policy have improved its ability to deal with external shocks, including volatile oil prices. Russia's long-term challenges also include a shrinking workforce, rampant corruption, and underinvestment in infrastructure.

Source : CIA

Company identification

OOO "ONIKS MASTER"

ul Nagornaya d 1 str 1 117186 g Moskva Russia

Crefo Nr.	9494739989	Registration:	Mezhrayonnaya inspektsiya Feder-
			alnoy nalogovoy sluzhby 46 po g.
			Moskve
Statistical Nr.	60446067	Registration Nr.	1097746052876
Tax Nr.	7726623216	Status	active

Economic situation

Business connection	Business connection is not denied. Credit is not assigned, it requires securities.	(41)
Terms of payment	No complaints / delays of payments are known.	(39)

Basic information

Legal form

Limited liability companies (OOO)

Founded

03/02/2009 as Limited liability companies (OOO)

Registration

03/02/2009, Mezhrayonnaya inspektsiya Federalnoy nalogovoy sluzhby 46 po g. Moskve, 1097746052876 Statistical Nr.: 60446067 Tax Nr.: 7726623216

Registered names

Valid from	Short name	Valid until
	OOO "Oniks Master"
Valid from	Full name	Valid until
	Obshchestvo s ogranichennoy otvetstvennostyu "Oniks Master"
Valid from	Name in foreign language	Valid until
	Onyx Master LLC

Owners and Capital

Crefo Nr.	Name / Address / Status	From	Share
Owner
9507567729 9507567729	Elena YUrevna Sokolova		100%

Registered capital

Date Currency Value

31/12/2010 RUB 10 000

Management

Crefo Nr.

Name / Address / Status

Since Power of attorney

Sole Executive Body

9507567729

Managing director

Elena YUrevna Sokolova

Company addresses

Valid from	Residence address	Valid until
	ul Nagornaya d 1 str 1, 117186 g Moskva, Russia

Business activities

Main activity	Nace
Wholesale of wood	51.53
Additional activities	Nace
Cutting	26.70
Agents involved in the sale of timber and building materials	51.13
Wholesale of household goods	51.4
Wholesale of other household goods	51.47.1
Other wholesale trade	51.7
Retail sale in non-specialized stores with food	52.11
Other retail sale in non-specialized stores	52.12
Retail sale of furniture	52.44
Retail sale of electrical household appliances and radio and television goods	52.45
Retail sale of hardware	52.46.7
Other retail sale in specialized stores	52.48
Other retail sale in specialized stores	52.48.34
Retail sale via mail order houses	52.61.2
Restaurants	55.30
Real estate activities with own property	70.1
Letting of own property	70.2
Real estate activities on a fee or contract basis	70.3
Activities in the field of law, accounting and auditing consultancy	74.1
Miscellaneous business activities n.e.c.	74.8

Economic data

Turnover

Date	Turnover
31/12/2009	69 000 RUB
31/12/2010	1 186 000 RUB
31/12/2011	2 200 000 RUB
31/12/2012	1 715 000 RUB

Supplementary data

Remarks

OOO "Oniks Master" does not provide any information about itself in open sources. Provided telephone number (+7 (926) 2957274) is a cell phone number and during the research period it was not operating. Affiliation of OOO "Oniks Master" with other legal persons through managing director of company, Sokolova Elena Yurevna, has not been revealed.

OOO "Oniks Master" did not participate in court cases.

According to information, disclosed by the Federal Tax Service, OOO "Oniks Master" does not have tax arrears, company is not going to be excluded from the state register as non-active.

According to information, disclosed by the Pension Fund of Russian

Federation, OOO "Oniks Master" does not have delays in social payments.

According to information, disclosed by the Federal Labor Service, OOO "Oniks Master" does not plan to attract foreign employees. OOO "Oniks Master" is not in the list of default debtors, the Register of unfair suppliers, the blacklist of Russian companies. The management of the company is not in the list of default debtors, the register of disqualified persons, the blacklist of Russian Private Persons.

Main indices

Payment experience

Terms of payment	No complaints / delays of payments are known.	(39)
Business connection	Business connection is not denied. Credit is not assigned, it requires securities.	(41)

Business development

Company development	Constant company development.	(31)
Business course	Satisfactory order situation.	(31)

Events

No negative events registered.

Balances

Balance

31.12.2012 The enclosed balance of 2012 is originated from official source, no data available about authentication.

31.12.2011 The enclosed balance of 2011 is originated from official source, no data available about authentication.

Name	Ref.	31/12/2012 1000 RUB balance	31/12/2011 1000 RUB balance
1. ASSETS
Tangible non-current assets	1150	0	0
Intangible, financial and other non-current assets	1170	0	0
Resources	1210	3 366	2 717
Cash and cash equivalents	1250	37	12
Financial and other current assets	1230	2 103	1 097
BALANCE	1600	5 506	3 826
2. LIABILITIES
Capital and reserves	1300	-685	-705
Long-term debt	1410	0	0
Other long-term liabilities	1450	0	0
Short-term borrowings	1510	0	0
Payables	1520	6 191	4 531
Other short-term liabilities	1550	0	0
BALANCE	1700	5 506	3 826

Profit and loss accounts

31.12.2012 The enclosed profit and loss account of 2012 is originated from official source, no data available about authentication.

31.12.2011 The enclosed profit and loss account of 2011 is originated from official source, no data available about authentication.

Name	Ref.	31/12/2012 1000 RUB profit and loss account	31/12/2011 1000 RUB profit and loss account
Turnover	2110	1 715	2 200
Expenditure on ordinary activities	2120	1 773	2 036
Outstanding interest	2330	0	0
Other income	2340	251	56
Other expenses	2350	168	137
Taxes on income (profit)	2410	5	17
Net income (loss)	2400	20	66

Financial Ratios

Name	Ref.	31/12/2012	31/12/2011
Quick ratio	1
Current ratio	2	0,89
Average Collection Period	3
Payables turnover Period	4
Debt ratio	5	1,12	0,00
Equity to total assets ratio	6	-0,12
Funding ratio	7	-0,11
Return on sales	8	0,01
Return on Assets	9	0,00	0,00
Return on Equity	10	-0,06

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.38
UK Pound	1	Rs.102.15
Euro	1	Rs.85.29

INFORMATION DETAILS

Report Prepared by :

NNA

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.