MIRA INFORM REPORT

Report Date :

25.07.2013

IDENTIFICATION DETAILS

Name :	OBSCHESTVO S OGRANICHENNOY OTVETSTVENNOSTYU "NASH DOM"
Registered Office :	Zhukovskogo str., 47, lit. A, office 2N, St.-Petersburg, 191014
Country :	Russia
Financials (as on) :	01.01.2007
Date of Incorporation :	24.01.2003
Com. Reg. No.:	1037843016870
Legal Form :	OOO (Limited Liability Company by Russian Law)
Line of Business :	Wholesale and retail trade in ware and souvenirs.
No. of Employees :	30 (approx.)

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

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 – March, 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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. 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

Comments

Information

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

Summary

Original Name	Obschestvo s ogranichennoy otvetstvennostyu "NASH DOM"
Legal Form	OOO (Limited Liability Company by Russian Law)
Year of Foundation	2001
Sales	107 912 th RUR for 12 months, ended 01.01.2007
Employees	30 (approx.) on July, 24, 2013 (company's data)

Company Identification Details

Original Name	OBSCHESTVO S OGRANICHENNOY OTVETSTVENNOSTYU "NASH DOM"
Short Name	OOO "NASH DOM"
Name in English	"OUR HOUSE" LIMITED LIABILITY COMPANY
Address	Zhukovskogo str., 47, lit. A, office 2N, St.-Petersburg, 191014, Russian Federation
Legal Address	Zhukovskogo str., 47, lit. A, office 2N, St.-Petersburg, 191014, Russian Federation
Phone	+7 (812) 7198494
Fax	+7 (812) 7198525
E-mail	nd@nashdom.spb.ru
WEB Address	www.nashdom.spb.ru

Official Company Data

Legal Form	OOO (Limited Liability Company by Russian Law)
Date of Registration	24.01.2003
Registration Number	1037843016870
Statistic Code (OKPO)	11124538
Taxpayer Code (INN)	7811001103
Registration Authority	Ministry for Taxes and Duties of Russian Federation

Public Record Information

Information

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

Share Capital

Current Share Capital

10 000 RUR (since 01.10.2009)

Shareholders

Total	2 private persons
Shareholder	Mr Shkuratov Oleg Evgen'evich
Nationality	Russian Federation
Taxpayer Code (INN)	780105012772
Share	45 %
Shareholder	Mr Schelkunov Sergey Leonidovich
Nationality	Russian Federation
Taxpayer Code (INN)	781105303607
Share	55 %

Directors

Director	Mr Schelkunov Sergey Leonidovich
	Signature Right
Nationality	Russian Federation
Taxpayer Code (INN)	781105303607

Re-Registration Data

Initial Registration	09.08.2001
Registration Number	1325 R
Registration Authority	Administration of St.-Petersburg
Date of Registration	24.01.2003
	(Entering into the Single State Register of Legal Entities)
Registration Number	1037843016870
Registration Authority	Ministry for Taxes and Duties of Russian Federation
Date of Re-registration	01.10.2009
File Number	9097847081026
Registration Authority	Federal Tax Service of Russian Federation
Changes	Company's Rules

Operations

Activities	Wholesale and retail trade in ware and souvenirs. The company sells the production of the companies Albert Stahl, Bergmann Exklusiv Porzellan, Boeckling Glas, Ceramic world, Chinelli, Combi, Cristallerie de Montbronn, Dankotuwa, Ebano, Ercolano, Goebel, Hering Berlin, Ideal Gift, Isac, Kaiser, Prouna, Hankook, Reichenbach, ROBBE & BERKING, Rogaska, Rosenthal, Royal Copenhagen, T.Z.Decoration, Theresienthal, Timon, Tom's Drag, Walther-Glas and other.
Staff Employed	30 (approx.) on July, 24, 2013 (company's data)
Employees' History	20 (approx.) on June, 18, 2011 (company's data)

Real Estate

Own

none

Rent

Office Address: Zhukovskogo str., 47, lit. A, office 2N, St.-Petersburg, 191014, Russian Federation (company's data) Shop, warehouse Address: Nevskiy prosp., 48, floor 1, St.-Petersburg, 191025, Russian Federation (company's data) Shop, warehouse Address: Novinskiy bul'var, 8, floor 5, Trading center "LOTTE PLAZA", Moscow, 121069, Russian Federation (company's data) Shop, warehouse Address: Krasnaya pl., 3, floor 3, Trading center "GUM", Moscow, 109012, Russian Federation (company's data)

Export & Import

Export Countries	2007-2012: No Export Activity
Exported Goods	none
Export Value	none
Import Countries	2010-2012: Estonia, Sri Lanka 2009: Estonia, Lithuania, Sri lanka 2008: Estonia, Sri Lanka, Germany, Poland, Italy 2007: Estonia, Sri Lanka, Germany, France, Austria
Imported Goods	equipment, table products, advertizing materials, decorative products, plastic products, hours, boxes, wooden products, furniture, tools
Import Value	in 2012: 569 386 USD in 2011: 727 095 USD in 2010: 712 334 USD in 2009: 815 660 USD in 2008: 1 467 402 USD in 2007: 1 246 491 USD

Branches

Branch None

Participation

Information None

Related Companies

Information

Mr Shkuratov Oleg Evgen'evich and Mr Schelkunov Sergey Leonidovich are also shareholders of companies: OOO "NASH DOM M" Registration Number: 5077746440019 OOO "NASH DOM-1" Registration Number: 1047855177479 Mr Schelkunov Sergey Leonidovich is also a director of companies: OOO "NASH DOM M" Registration Number: 5077746440019 OOO "NASH DOM-1" Registration Number: 1047855177479

Bankers

Bank	OAO "VTB SEVERO-ZAPAD", bank code: 044030791 (Russian Federation)
Account(s)	40702810612000000987 (RUR)

Financial Data

Profit and Loss (extract)

The following figures are shown in units of 1000

Period, months	12	12
Ended	01.01.2007	01.01.2006
Currency	RUR	RUR
SALES	107912	88975
Cost of Goods sold	47158	39875
GROSS PROFIT	60754	49100
Distribution Costs	58822	45366
Management Costs
OPERATING PROFIT	1932	3734
Non Trading Income	-578	-972
PRE TAX PROFIT	1355	2762
Taxation	598	157
PROFIT AFTER TAX	757	2605

Balance Sheet (extract)

The following figures are shown in units of 1000

As at	01.01.2007	01.01.2006
Currency	RUR	RUR
TOTAL FIXED ASSETS	3709	2780
Intangible Assets	8	9
Fixed Assets	3701	2759
TOTAL CURRENT ASSETS	91895	87505
Stock	75827	69759
Trade debtors	7351	8341
Cash	8563	3356
TOTAL ASSETS	95604	90285
TOTAL EQUITY	48094	47333
Share Capital	1	1
Retained Profits	48049	47288
TOTAL LONG TERM LIABS	32170	41019
Long Term Loans	32170	41019
TOTAL CURRENT LIABS	15340	1933
Short Term Loans	6914
Short Term Trade Creditors	8426	1933
TOTAL EQUITY & LIABS	95604	90285

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	01.01.2007	01.01.2006
Current Ratio	5,99	45,27
Working Capital, x1000 RUR	76555	85572
Quick Ratio	1,05	9,18
Debt to Equity Ratio	0,99	0,91
Current Assets Turnover	1,17	1,02
Total Assets Turnover Ratio	1,13	0,99
Pre Tax Profit Margin, %	1,26	3,1
Gross Profit, %	56,3	55,18
Return on Investment, %	2,82	5,84
Return on Assets, %	1,42	3,06

Clients & Suppliers

Clients

ZAO "DOM FARFORA" (Russian Federation) ZAO "GUM-PODARKI" (Russian Federation) ZAO TD "PEPVOMAYSKIY" (Russian Federation) ZAO "KROTEKS" (Russian Federation) OAO "TORGOVYY DOM GUM" (Russian Federation) OOO "ANNA LAFARG I KO" (Russian Federation) ZAO "KROKUS INTERNESHNL" (Russian Federation)

Suppliers

ROSENTHAL GMBH (Germany) GOEBEL PORZELLAN MANUFAKTUR GMBH (Germany) GAMMA S.P.A. (Italy) NEUE PORZELLANFABRIK TRIPTIS GMBH (Germany) ROYAL COPENHAGEN A/S (Estonia) DANKOTUWA PORCELAIN LTD. (Sri Lanka) TIMON S.R.L. (Italy) OAO "TD GUM" (Russian Federation) OOO "EKSPO-SEPVIS" (Russian Federation) OOO "DI PI DIZAYN" (Russian Federation) ZAO "EKSPOTSENTP" (Russian Federation) OOO "MESSE FPANKFUPT RUS" (Russian Federation) OOO "DANAYA" (Russian Federation) OOO "AVTODOSTAVKA-MTO" (Russian Federation) *** 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

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 Shkuratov Oleg Evgen'evich (as private person) doesn't have not paid taxes.
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 Schelkunov Sergey Leonidovich (as private person) doesn't have not paid taxes.

Financial Data

We couldn’t get the financial data on the company of 2007-2011 years, because there weren’t company’s financial data of 2007-2011 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 01.01.2006	as at 01.01.2007
I. NON-CURRENT ASSETS
Intangible assets	110	9	8
Fixed assets	120	2759	3701
Construction in progress	130	-	-
Income-bearing investments in tangible assets	135	12	-
Long-term financial investments	140	-	-
Deferred tax assets	145	-	-
Other non-current assets	150	-	-
Total section I	190	2780	3709
II. CURRENT ASSETS
Inventories	210	69759	75827
including :
raw materials and other inventories	211	30	24
livestock	212	-	-
work in progress	213	-	-
finished goods and goods for resale	214	52630	61772
goods dispatched	215	16907	13971
expenses related to future periods	216	149	60
other supplies and expenditures	217	43	-
Value added tax on purchased goods	220	-	27
Accounts receivable (payments expected beyond 12 months after the reporting date)	230	37	-
including :
buyers and customers	231	-	-
Accounts receivable (payments expected within 12 months after the reporting date)	240	8341	7351
including :
buyers and customers	241	5199	5685
Short-term investments	250	6012	-
Monetary assets	260	3356	8563
Other current assets	270	-	127
Total section II	290	87505	91895
TOTAL SECTIONS I and II	300	90285	95604
EQUITY AND LIABILITIES
III. EQUITY AND RESERVES
Share capital	410	1	1
Treasury shares	411	-	-
Additional capital	420	-	-
Legal reserve	430	44	44
including :
reserves and provisions formed in  accordance with legislation	431	44	44
reserves formed in accordance  with foundation documents	432	-	-
Retained earnings (loss)	470	47288	48049
Total section III	490	47333	48094
IV. NON-CURRENT LIABILITIES
Borrowings	510	41019	32170
Deferred tax liabilities	515	-	-
Other non-current liabilities	520	-	-
Total section IV	590	41019	32170
V. CURRENT LIABILITIES
Borrowings	610	-	6914
Accounts payable	620	1933	8426
including :
suppliers and contractors	621	-	-
salaries payable	622	1170	7229
payable to state non-budget funds	623	2	189
taxes payable	624	739	1008
other creditors	625	22	-
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	1933	15340
TOTAL SECTIONS III,IV,V	700	90285	95604

PROFIT AND LOSS ACCOUNT

The following figures are shown in units of 1000

PARAMETER	Line code	01.01.2007	01.01.2006
INCOME FROM AND EXPENSES ON ORDINARY ACTIVITIES
Sale of goods, products, work, services (less VAT, excise tax, other similar mandatory payments)	010	107912	88975
Cost of goods, products, work, services sold	020	47158	39875
Gross profit	029	60754	49100
Selling expenses	030	58822	45366
Administrative expenses	040	-	-
Profit (loss) from operations	050	1932	3734
OTHER INCOME AND EXPENSES
Interest income	060	239	133
Interest expenses	070	-	-
Income from investments in other companies	080	-	-
Other operating income	090	414	496
Other operating expenses	100	1231	1601
Non-operating income	120	-	-
Non-operating expenses	130	-	-
Profit (loss) before profit tax	140	1355	2762
Deferred tax assets	141	-	-
Deferred tax liabilities	142	-	-
Current profit tax	150	598	157
Net profit (loss) for the reporting period	190	757	2605

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.59.44
UK Pound	1	Rs.91.24
Euro	1	Rs.78.43

INFORMATION DETAILS

Report Prepared by :

SDA

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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.