MIRA INFORM REPORT

Report Date :

31.10.2013

IDENTIFICATION DETAILS

Name :	OOO AVGUST-M
Registered Office :	Mezhrayonnaya Inspektsiya Federalnoy Nalogovoy Sluzhby N46 PO G. Moskve
Country :	Russia
Financials (as on) :	31.12.2008
Date of Incorporation :	20.06.2007
Com. Reg. No.:	5077746956910
Legal Form :	Limited Liability Companies
Line of Business :	Wholesale on a fee or contract basis
No. of Employees :	Not Available

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 :	Poor
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

Company name

OOO "AVGUST-M"

Company summary

Legal form Limited liability companies (OOO)

Established on 20/06/2007 - Limited liability companies (OOO)

Registered on 20/06/2007, MEZHRAYONNAYA INSPEKTSIYA FEDERALNOY NALOGOVOY

SLUZHBY N46 PO G. MOSKVE.,

RegNr.: 5077746956910

Tax number: 7718650897

Statistical number: 81429417

Registered capital RUB 10 000,-

Owner KRISTINA ALEKSANDROVNA OSHKADEROVA % 100

Sole Executive KRISTINA ALEKSANDROVNA OSHKADEROVA

Body Managing director

General data Main activity:

Wholesale on a fee or contract basis (51.1)

Full name:

OOO "AVGUST-M"

Short name:

OOO "AVGUST-M"

Residence address:

PER KOLODEZNYY D 14 OFIS 608, 107076 G MOSKVA

OTHER ACTIVITIES

Sale of motor vehicle parts and accessories (50.30.1)

Agents involved in the sale of furniture (51.15.41)

Agents involved in the sale of food (51.17)

Wholesale of non-agricultural intermediate (51.5)

products

Wholesale of wood (51.53)

Wholesale of wood (51.53.2)

Wholesale of machinery and equipments (51.6)

Retail sale in non-specialized stores (52.1)

Freight transport by road (60.24)

Annual turnover 31/12/2007 Enterprise turnover RUB 1 652 000,-

Remarks Company does not provide any information about itself in open sources.

Due to the reason that the financial statement of OOO

"Avgust-M" is not disclosed, as well as contact telephone

numbers, there is possibility that company is not-active.

Therefore the Creditreform solvency index is not provided.

The main activity of OOO "Avgust-M" according to official

sources is sale of car spare parts.

The address, mentioned in requested, is the registration

address of the subject. The company is not located at the

registration address.

During the research no exact affiliation of the subject with

other entities was found through the managing director,

Oshkaderova Kristina Aleksandrovna. However she might be the

managing director and share holder in 4 other companies and

the former managing director and share holder in 5 other

entities.

The subject did not participate in court cases as claimant.

No negative information was found about the subject in open

sources.

A. The enclosed Updated Balance Form of 2007 is originated from official

source, no data available about authentication. (31.12.2007 - 1000 RUB)

B. The enclosed balance of 2008 is originated from official source, no data

available about authentication. (31.12.2008 - 1000 RUB)

financial data

Updated Balance Form A 31.12.2007 B 31.12.2008 C

1. ASSETS

I. FIXED ASSETS

Intangible assets 0 0

Fixed assets 0 0

Construction in progress 10 10

Profitable investments in 0 0

tangible assets

Long-term financial investments 0 0

Deferred tax assets 0 0

Other non-current assets 0 0

TOTAL IN SECTION I. 10 10

II. CURRENT ASSETS

Inventories 0 0

raw materials, materials and 0 0

other similar assets

live stock 0 0

WIP costs 0 0

finished goods and goods for 0 0

resale

goods shipped 0 0

Deferred expenses 0 0

other inventories and costs 0 0

VAT on acquired assets 0 0

Accounts receivable (due after 0 0

12 months)

trade accounts receivable 0 0

Accounts receivable (due 0 11

before 12 months)

trade accounts receivable 0 0

Short-term financial 0 0

investments

Cash 208 0

Other current assets 0 0

TOTAL IN SECTION II. 208 11

Net Worth 218 21

>2. LIABILITIES

Nominal capital 10 10

Treasury stock 0 0

Additional capital 0 0

Reserve capital 0 0

legal reserves 0 0

statutory reserves 0 0

Retained earnings (uncovered 10 9

loss)

TOTAL IN SECTION III. 20 19

IV. LONG-TERM LIABILITIES

Borrowings and loans 0 0

Deferred tax liabilities 0 0

Other long-term liabilities 0 0

TOTAL IN SECTION IV. 0 0

V. SHORT-TERM LIABILITIES

Borrowings and loans 0 0

Accounts payable 198 1

trade accounts payable 0 0

payables to employees 0 0

payables to state extra- 0 0

budgetary funds

taxes payable 4 1

other creditors 194 0

Dividends payable 0 0

Deferred income 0 0

Reserves for future expenses 0 0

Other short-term liabilities 0 0

TOTAL IN SECTION V. 198 1

BALANCE 218 21

Report about values recorded

on the Out-of-Balance Accounts

Leased assets 0 0

operating leasing 0 0

Goods and materials accepted 0 0

for custody

Goods accepted for commission 0 0

Indebtedness of insolvent 0 0

debtors written off to losses

Securities received for 0 0

obligations and payment

Securities given for 0 0

obligations and payment

Depreciation of housing stock 0 0

Depreciation of land 0 0

improvement facilities and

other similar objects

Intangible assets for use 0 0

A. The enclosed Updated PnL of 2007 is originated from official source, no

data available about authentication. (31.12.2007 - 1000 RUB)

B. The enclosed profit and loss account of 2008 is originated from official

source, no data available about authentication. (31.12.2008 - 1000 RUB)

Updated PnL A 31.12.2007 B 31.12.2008 C

Net revenue from sales of 1 652 98

goods, products, operations

and services (less VAT, excise

taxes and similar payments)

Cost of goods, products, 1 631 98

operations, and services sold

Gross profit 21 0

Selling expenses 0 0

Administrative expenses 0 0

Sales profit (loss) 21 0

Interest receivable 0 0

Interest payable 0 0

Earnings from other entities 0 0

Other operating income 0 0

Other operating expenses 7 1

Profit (loss) before tax 14 -1

Deferred tax assets 0 0

Deferred tax liabilities 0 0

Current profit tax 3 0

Net profit (loss) of the 11 -1

reported period

Constant tax liabilities 0 0

Ratios 2006 2007 2008

Quick ratio n/a 1,05 11

Current ratio n/a 1,05 11

Average Collection n/a 0 20,2

Period

Payables turnover n/a 21,85 366

Period

Debt ratio n/a 0,91 0,05

Equity to total assets n/a 0,09 0,9

ratio

Funding ratio n/a 0,1 19

Return on sales n/a 0,67 -1,02

Return on Assets n/a 6,42 -4,76

Return on Equity n/a n/a -5,13

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.49
UK Pound	1	Rs.98.71
Euro	1	Rs.84.49

INFORMATION DETAILS

Report Prepared by :

NIS

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.