MIRA INFORM REPORT

Report Date :

12.12.2014

IDENTIFICATION DETAILS

Name :	TRADEVA OY LTD.

Registered Office :	PL 403, 53101, Lappeenranta

Country :	Finland

Financials (as on) :	31.05.2014

Date of Incorporation :	31.05.2014

Com. Reg. No.:	25715504

Legal Form :	Limited company

Line of Business :	Wholesale of Coffee, Tea, Cocoa and Spices.

No of Employees :	10

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New business

Payment Behaviour :	No complaints

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 – September 30, 2014

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Finland

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

FINLAND - ECONOMIC OVERVIEW

Finland has a highly industrialized, largely free-market economy with per capita output almost as high as that of Austria, Belgium, the Netherlands, or Sweden. Trade is important, with exports accounting for over one-third of GDP in recent years. Finland is historically competitive in manufacturing - principally the wood, metals, engineering, telecommunications, and electronics industries. Finland excels in export of technology for mobile phones as well as promotion of startups in the ICT, gaming, cleantech, and biotechnology sectors. Except for timber and several minerals, Finland depends on imports of raw materials, energy, and some components for manufactured goods. Because of the climate, agricultural development is limited to maintaining self-sufficiency in basic products. Forestry, an important export earner, provides a secondary occupation for the rural population. Finland had been one of the best performing economies within the EU in recent years and its banks and financial markets avoided the worst of global financial crisis. However, the world slowdown hit exports and domestic demand hard in 2009, with Finland experiencing one of the deepest contractions in the euro zone. A recovery of exports, domestic trade, and household consumption stimulated economic growth in 2010-11, however, continued recession within the EU dampened the economy in 2012-13. The recession affected general government finances and the debt ratio, turning previously strong budget surpluses into deficits, but Finland took action to ensure it that it met the EU deficit targets in 2013 and retained its triple-A credit rating. Finland's main challenge will be to stimulate growth while faced with weak export demand in the EU and its own government austerity measures. Longer-term, Finland must address a rapidly aging population and decreasing productivity in traditional industries that threaten competitiveness, fiscal sustainability, and economic growth.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Trading Name	TRADEVA OY LTD	Trade Registry Number
Company Name	TRADEVA OY LTD.	Business ID	25715504
Previous Name	-
Telephone Number	0449750733	Registered Address	PL 403, 53101, LAPPEENRANTA
Fax Number	-	Visiting Address
Home Municipality	-	Postal Address	PL 403, 53101, LAPPEENRANTA
Incorporation Date	15.10.2013	Branches	1
Company Type	Limited company	Website Address
Primary Sic Code	46370	Accountant	--
Primary Sic Description	Wholesale of coffee, tea, cocoa and spices	Last Accounts Date	--
Share Capital (€)	2.500	Holding Company
Deals in importing	No	Foreign Ownership
Deals in exporting	No	Currency	EUR

DIRECTORS/MANAGEMENT

Current Directors

Name	Leivo Linda-Susanna
Date of Birth	23.04.1984	Appointment Date	15.10.2013
Nationality	FINLAND	Function	Actual Member of Board

Other Company Officials

Name	Leivo Markus Mikael
Date of Birth	30.01.1984	Appointment Date	15.10.2013
Nationality	FINLAND	Function	Alternate Member of Board

NEGATIVE INFORMATION

No negative information found.

SHARE & SHARE CAPITAL INFORMATION

Shareholder Information

Year	31.05.2014
Total Value of Shares	2.500
Number of Shares	100
Value of Shares	-

PAYMENT INFORMATION

N/a

GROUP STRUCTURE & AFFILIATED COMPANIES

Group structure

No linked companies

Linked Companies

No linked companies

FINANCIAL INFORMATION

Key Financials (€)

Year	31.05.2014
Number of weeks	36
Turnover	24.151
Operating Profit/Loss	12.097
Profit/Loss after Financial Items	11.003
Profit/Loss after tax	8.803
Current Assets	53.349
Fixed Assets	0
Long Term Debts	27.000
Current Liabilities	15.047
Shareholders Equity	11.302
Balance sheet total	53.349
Number of employees	-
Auditor qualification	Not audited

Ratios

Year	31.05.2014
Solvency Ratio	21%
	Moderate Indebtedness
Net margin (%)	46%
Interest Coverage Ratio (times)	11
Gearing (%)	239%
Liquidity Ratio/Acid Test	3
Risk Buffer (%)	20%

Profit & Loss (€)

Operating Income	31.05.2014
Number of weeks	36
Consolidated Accounts	no
Sales Revenue	24.151
Other Operating Income	0
Total Operating Income	24.151
Wages & Salaries	-
Depreciation	0
Total Operating Expenses	12.054
Operating Profit/Loss	12.097
Financial Income	17
Financial Expenses	1.111
Total Financial Investments	-1.094
Profit/Loss after Financial Items	11.003
Extraordinary Income	0
Extraordinary Expenses	0
Profit/Loss Before Tax	11.003
Tax	2.200
Profit/Loss After Tax	8.803

Balance Sheet (€)

Assets	05.2014
Number of weeks	36
Consolidated Accounts	no
Fixed Assets
Intangible Assets	0
Tangible Assets	0
Other Fixed Assets	0
Total Fixed Assets	0
Current Assets
Inventories	1.423
Trade Receivables	22.038
Other Receivables	8
Cash & Bank Balances	29.880
Other Current Assets	0
Total Current Assets	53.349
Total Assets	53.349

Equity and Liabilities (€)

EQUITY
Share Capital	2.500
Share Premium Reserve	0
Retained Earnings	8.802
Other Reserves	0
Total Equity	11.302
LONG TERM LIABILITIES
Long Term Liabilities to Financial Institutions	27.000
Other Long Term Liabilities Finance	0
Other Long Term Liabilities	0
Total Long Term Debts	27.000
CURRENT LIABILITIES
Trade Payables		9.101
Liabilities to Financial Institutions		0
Other Short Term Financial Loans		0
Other Short Term Liabilities		5.946
Total Current Liabilities		15.047
Total Liabilities		42.047
Total Equity & Liabilities		53.349

Other Financials (€)

Working Capital	38.302
Net Worth	11.302

Key Ratios

	31.05.2014
Number of weeks	36
Consolidated Accounts	no
PROFITABILITY
Net Margin %	45,6%
Operating Profit/Loss %	50,1%
Pre-Tax Profit Margin %	45,6%
TRADING PERFORMANCE
Return on Net Assets Employed %	97,4%
Return on Total Capital %	22,7%
Interest Coverage Ratio (times)	11
Return on Capital Employed %	28,7%
Return on Total Assets Employed %	20,6%
Interest on Debt %	2,6%
Risk Buffer %	20,1%
SHORT TERM LIQUIDITY
Liquidity Ratio/Acid Test	3
Current Ratio %	355,0%
Debtor Days	333
Working capital	38.302
LONG TERM LIQUIDITY
Equity Ratio %	21,2%
Gearing %	238,9%
Current Debt Ratio	1
Total Debt Ratio	4
Relative debt %	174,1%
BUSINESS MEASURES
Change in turnover %	-
Turnover/employees	-
Sales/Net Working Capital	1
Stock Turnover Ratio %	5,9%
Creditor Days	138
Equity in Percentage %	21,2%

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Registrations in Force

	State	Registration Date
Tax Administration	Registered	15.10.2013
Trade Register	Registered	15.10.2013
Employer Register	Registered	01.07.2014
Prepayment Register	Registered	19.09.2013
Value Added Tax-Liability	VAT-liable for business activity	19.09.2013

NOTES & COMMENTS

N/a

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.20
UK Pound	1	Rs.97.80
Euro	1	Rs. 77.48

INFORMATION DETAILS

Analysis Done by :	SUB

Report Prepared by :	ANK

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.