MIRA INFORM REPORT

Report Date :

20.02.2013

IDENTIFICATION DETAILS

Name :	INDANTREN LIMITED LIABILITY COMPANY
Registered Office :	Ural'skaya str., 17, bldg. 3, Lit. E, office 14N, St.-Petersburg, 199155,
Country :	Russian Federation
Financials (as on) :	01.01.2009
Date of Incorporation :	21.01.2003
Com. Reg. No.:	1037800007629
Legal Form :	OOO (Limited Liability Company by Russian Law)
Line of Business :	Wholesale trade in chemical raw materials.
No. of Employees :	10 Approximately

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 :	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 – June 30^th, 2012

Country Name	Previous Rating (31.03.2011)	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

We provide the report on the company Obschestvo s ogranichennoy otvetstvennostyu "INDANTREN" (name in English: "INDANTREN" LIMITED LIABILITY COMPANY). In your inquiry the former office's address of company is mentioned.

Summary

Original Name	Obschestvo s ogranichennoy otvetstvennostyu "INDANTREN"
Legal Form	OOO (Limited Liability Company by Russian Law)
Year of Foundation	1999
Sales	2 089 th RUR for 12 months, ended 01.01.2009
Employees	10 (approx.) on February, 17, 2013 (company's data)

Company Identification Details

Original Name	Obschestvo s ogranichennoy otvetstvennostyu "INDANTREN"
Short Name	OOO "INDANTREN"
Name in English	"INDANTREN" LIMITED LIABILITY COMPANY
Address	Ural'skaya str., 17, bldg. 3, Lit. E, office 14N, St.-Petersburg, 199155, Russian Federation
Legal Address	Ural'skaya str., 17, bldg. 3, Lit. E, office 14N, St.-Petersburg, 199155, Russian Federation
Phone	+7 (812) 3509894, 3509898, 3509895, 3509897
Fax	+7 (812) 3509894, 3509898, 3509895, 3509897
E-mail	indantren@mail.ru
WEB Address	None
History	18.11.2008: Legal Address changed from Ural'skaya str., 17, bldg. 3, St.-Petersburg, 199155, Russian Federation

Official Company Data

Legal Form	OOO (Limited Liability Company by Russian Law)
Date of Registration	21.01.2003
Registration Number	1037800007629
Statistic Code (OKPO)	23137196
Taxpayer Code (INN)	7801027462
Registration Authority	Ministry for Taxes and Duties of Russian Federation

Public Record Information

Information

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

Share Capital

Current Share Capital

100 RUR

Shareholders

Total	2 private persons
Shareholder	Mr Gruzdev Aleksandr Aleksandrovich
Nationality	Russian Federation
Taxpayer Code (INN)	781115419287
Share	50 %
Shareholder	Ms Selivanova Lyubov' Valentinovna
Nationality	Russian Federation
Share	50 %

Directors

Director	Ms Selivanova Lyubov' Valentinovna
	Signature Right
Nationality	Russian Federation

Re-Registration Data

Initial Registration	14.05.1999
Registration Number	906-r
Registration Authority	Administration of St.-Petersburg
Date of Registration	21.01.2003
	(Entering into the Single State Register of Legal Entities)
Registration Number	1037800007629
Registration Authority	Ministry for Taxes and Duties of Russian Federation
Date of Re-registration	18.11.2008
File Number	2089848575716
Registration Authority	Federal Tax Service of Russian Federation
Changes	Legal Address
Date of Re-registration	31.08.2009
File Number	8097847671265
Registration Authority	Federal Tax Service of Russian Federation
Changes	Company's Rules

Operations

Activities	Wholesale trade in chemical raw materials.
Staff Employed	10 (approx.) on February, 17, 2013 (company's data)
Employees' History	10 (approx.) on April, 23, 2011 (company's data) 5 on December, 09, 2009 (company's data)

Real Estate

Own	none
Rent	Office Address: Ural'skaya str., 17, bldg. 3, Lit. E, office 14N, St.-Petersburg, 199155, Russian Federation (company's data) Warehouse Address: Reki Ekateringofki nab., 4, St.-Petersburg, 198035, Russian Federation (company's data)

Export & Import

Export Countries	2006-2011, for 3 months 2012: No Export Activity
Exported Goods	none
Export Value	none
Import Countries	2006-2011, for 3 months 2012: No Import Activity
Imported Goods	none
Import Value	none

Branches

Branch

None

Participation

Information

None

Related Companies

Information

Mr Gruzdev Aleksandr Aleksandrovich was a shareholder of the company (now this company has been excluded from Register): ZAO "EVROTEKS SPB" Registration number: 1027810276670 Ms Selivanova Lyubov' Valentinovna isn't a shareholder or a director of any other companies in Russian Federation.

Bankers

Bank	OAO "BANK VTB SEVERO-ZAPAD", bank code: 044030791 (Russian Federation)
Account(s)	40702810011000001053 (RUR)

Financial Data

Profit and Loss (extract)

The following figures are shown in units of 1000

Period, months	12	12	12	12
Ended	01.01.2009	01.01.2008	01.01.2007	01.01.2006
Currency	RUR	RUR	RUR	RUR
SALES	2089	32589	45691	42867
Cost of Goods sold	160	30882	43797	41597
GROSS PROFIT	1929	1707	1894	1271
Distribution Costs	21	955	1400	961
Management Costs	1797	316
OPERATING PROFIT	111	436	493	310
Non Trading Income	-67	-69	-76	-62
PRE TAX PROFIT	44	367	417	248
Taxation		97	111	67
PROFIT AFTER TAX	50	270	307	181

Balance Sheet (extract)

The following figures are shown in units of 1000

As at	01.01.2009	01.01.2008	01.01.2007	01.01.2006
Currency	RUR	RUR	RUR	RUR
TOTAL FIXED ASSETS	174	187	203	221
Intangible Assets
Fixed Assets	174	187	203	221
TOTAL CURRENT ASSETS	1275	1721	4456	7037
Stock	1	683	753	96
Trade debtors	219	570	3425	5976
Cash	1055	467	278	123
TOTAL ASSETS	1449	1908	4659	7258
TOTAL EQUITY	1266	1298	1030	723
Share Capital
Retained Profits	1257	1289	1021	714
TOTAL LONG TERM LIABS
Long Term Loans
TOTAL CURRENT LIABS	183	610	3629	6535
Short Term Loans
Short Term Trade Creditors	183	610	3629	6535
TOTAL EQUITY & LIABS	1449	1908	4659	7258

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	01.01.2009	01.01.2008	01.01.2007	01.01.2006
Current Ratio	6,97	2,82	1,23	1,08
Working Capital, x1000 RUR	1092	1111	827	502
Quick Ratio	6,96	1,7	1,02	1,06
Debt to Equity Ratio	0,14	0,47	3,52	9,04
Current Assets Turnover	1,64	18,94	10,25	6,09
Total Assets Turnover Ratio	1,44	17,08	9,81	5,91
Pre Tax Profit Margin, %	2,11	1,13	0,91	0,58
Gross Profit, %	92,34	5,24	4,15	2,96
Return on Investment, %	3,48	28,27	40,49	34,3
Return on Assets, %	3,04	19,23	8,95	3,42

Clients & Suppliers

Clients	OOO "PAUER TS" (Russian Federation) ZAO "SERPUKHOVSKIY TEKSTIL'" (Russian Federation) OOO "BALASHIKHINSKAYA PRYADIL'NAYA FABRIKA" (Russian Federation) OOO "TKANI ORETEKS" (Russian Federation) OOO "MAKSITREVEL" (Russian Federation) OAO "KORPORATSIYA "CHKHBK" (Russian Federation)
Suppliers	OOO "PRAYMTEKS" (Russian Federation) OOO "BAZIS TK" (Russian Federation) OOO "ANTARIS" (Russian Federation) OAO "MOSKOVSKAYA SITTSENABIVNAYA FABRIKA" (Russian Federation) OOO "TEKSTIL'-KOLOR" (Russian Federation) OOO "BIAKHIM-E" (Russian Federation)

Actions at law

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

Publications

Date	2013
Source	The Federal Tax Service of Russian Federation
Text of Publication	The Federal Tax Service of Russian Federation has published the information that the Mr Gruzdev Aleksandr Aleksandrovich (as private person) doesn't have not paid taxes.

Financial Data

We couldn’t get the financial data on the company of 2009-2011 years, because there weren’t company’s financial data of 2009-2011 years in the Federal Statistics Service of Russian Federation.

Original Financial Data

(Russian Accounting Report in English)

Balance Sheet

The following figures are shown in units of 1000

ASSETS	Line code	as at 01.01.2007	as at 01.01.2008	as at 01.01.2009
I. NON-CURRENT ASSETS
Intangible assets	110	-	-	-
Fixed assets	120	203	187	174
Construction in progress	130	-	-	-
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	203	187	174
II. CURRENT ASSETS
Inventories	210	753	683	1
including :
raw materials and other inventories	211	-	680	-
livestock	212	-	-	-
work in progress	213	-	-	-
finished goods and goods for resale	214	752	-	-
goods dispatched	215	-	-	-
expenses related to future periods	216	1	3	1
other supplies and expenditures	217	-	-	-
Value added tax on purchased goods	220	-	1	-
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	3425	570	219
including :
buyers and customers	241	3342	560	189
Short-term investments	250	-	-	-
Monetary assets	260	278	467	1055
Other current assets	270	-	-	-
Total section II	290	4456	1721	1275
TOTAL SECTIONS I and II	300	4659	1908	1449
EQUITY AND LIABILITIES
III. EQUITY AND RESERVES
Share capital	410	-	-	-
Treasury shares	411	-	-	-
Additional capital	420	-	-	-
Legal reserve	430	9	9	9
including :
reserves and provisions formed in  accordance with legislation	431	-	-	-
reserves formed in accordance  with foundation documents	432	9	9	9
Retained earnings (loss)	470	1021	1289	1257
Total section III	490	1030	1298	1266
IV. NON-CURRENT LIABILITIES
Borrowings	510	-	-	-
Deferred tax liabilities	515	-	-	-
Other non-current liabilities	520	-	-	-
Total section IV	590	-	-	-
V. CURRENT LIABILITIES
Borrowings	610	-	-	-
Accounts payable	620	3629	610	183
including :
suppliers and contractors	621	3537	283	79
salaries payable	622	23	12	-
payable to state non-budget funds	623	14	7	-
taxes payable	624	39	33	103
other creditors	625	16	275	1
Dividends payable to participants (shareholders)	630	-	-	-
Income of future periods	640	-	-	-
Reserves for future expenses and payments	650	-	-	-
Other current liabilities	660	-	-	-
Total section V	690	3629	610	183
TOTAL SECTIONS III,IV,V	700	4659	1908	1449

PROFIT AND LOSS ACCOUNT

The following figures are shown in units of 1000

PARAMETER	Line code	01.01.2009	01.01.2008	01.01.2007
INCOME FROM AND EXPENSES ON ORDINARY ACTIVITIES
Sale of goods, products, work, services (less VAT, excise tax, other similar mandatory payments)	010	2089	32589	45691
Cost of goods, products, work, services sold	020	160	30882	43797
Gross profit	029	1929	1707	1894
Selling expenses	030	21	955	1400
Administrative expenses	040	1797	316	-
Profit (loss) from operations	050	111	436	493
OTHER INCOME AND EXPENSES
Interest income	060	-	-	-
Interest expenses	070	-	-	-
Income from investments in other companies	080	-	-	-
Other operating income	090	-	-	-
Other operating expenses	100	67	69	76
Non-operating income	120	-	-	-
Non-operating expenses	130	-	-	-
Profit (loss) before profit tax	140	44	367	417
Deferred tax assets	141	6	-	-
Deferred tax liabilities	142	-	-	-
Current profit tax	150	-	97	111
Net profit (loss) for the reporting period	190	50	270	307

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.54.29
UK Pound	1	Rs.84.09
Euro	1	Rs.72.44

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%)

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.