MIRA INFORM REPORT

Report Date :

11.07.2014

IDENTIFICATION DETAILS

Name :	LIMITED LIABILITY COMPANY KAYAN

Registered Office :	Prosp Vernadskogo d 24, Ofis 3, 119454 g Moskva

Country :	Russia

Financials (as on) :	31.12.2012

Date of Incorporation :	23.12.2011

Com. Reg. No.:	5117746053299

Legal Form :	Limited Liability Companies

Line of Business :	· Wholesale of coffee · Processing of tea and coffee · Wholesale of machineries and equipment for food production, including beverages

No. of Employees	Not Available

RATING & COMMENTS

MIRA’s Rating :

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 :	Delays at times
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, 2014

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Russia

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

RUSSIA ECONOMIC OVERVIEW

Russia has undergone significant changes since the collapse of the Soviet Union, moving from a globally-isolated, centrally-planned economy towards a more market-based and globally-integrated economy, but stalling as a partially reformed, statist economy with a high concentration of wealth in officials' hands. 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. Russia is one of the world's leading producers of oil and natural gas and is also a top exporter of metals such as steel and primary aluminum. Russia's manufacturing sector is generally uncompetitive on world markets and is geared toward domestic consumption. Russia's reliance on commodity exports makes it vulnerable to boom and bust cycles that follow the volatile swings in global prices. The economy, which had averaged 7% growth during 1998-2008 as oil prices rose rapidly, 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. Slowly declining oil prices over the past few years and difficulty attracting foreign direct investment have contributed to a noticeable slowdown in GDP growth rates. In late 2013, the Russian Economic Development Ministry reduced its growth forecast through 2030 to an average of only 2.5% per year, down from its previous forecast of 4.0 to 4.2%. In 2014, following Russia's military intervention in Ukraine, prospects for economic growth declined further, with expections that GDP growth could drop as low as zero

Source : CIA

Company name and address

OOO "KAYAAN"

prosp Vernadskogo d 24, ofis 3,
119454 g Moskva

Tel: 74954347164

Company summary

Legal form	Limited liability companies (OOO)
Established on		23/12/2011 - Limited liability companies (OOO)

Registered on

23/12/2011, Mezhrayonnaya inspektsiya Federalnoy nalogovoy sluzhby № 46 po g. Moskve,

RegNr.: 5117746053299
Tax number: 7729699485
Statistical number: 38242585

Registered capital

RUB

10 000,-

Owner	Yasmin Mishra		%	100
Sole Executive Body		Anupam Narayan Mishra Managing director

General data	Main activity: Wholesale of coffee		(51.37)
		Full name: Obshchestvo s ogranichennoy otvetstvennostyu "Kayaan"

	Name in foreign language: Limited Liability Company "Kayan"
	Short name: OOO "Kayaan"


	Residence address: prosp Vernadskogo d 24, ofis 3, 119454 g Moskva

	Permanent address: ul 26-ti Bakinskikh Komissarov d 9, ofis 21, 119571 g Moskva Tel: 74954347164
	The main activity of OOO “Kayan” is wholesale trade of tea and coffee.

Other activities

	Processing of tea and coffee	(15.86)
	Wholesale of other food	(51.38)

	Wholesale of machineries and equipments for food production, including beverages	(51.65.4)
	Wholesale of other machineries	(51.65.6)

		Other retail sale of food				(52.27.36)
Annual turnover	31/12/2012		Enterprise turnover	RUB	25 805 000,-

Remarks

According to the research, through the managing director of OOO “Kayaan”, Anupam Narayan Mishra, the company is affiliated with following legal persons:
OOO “Chaynyi Dom Tonus” – INN: 7701206370, Moscow. He was the managing director of the company until 2009.
The affiliation through the managing director with other legal subjects has not been revealed.
OOO “Kayaan” has not participated in court cases.
According to the information, disclosed by the Federal Tax Service, OOO “Kayaan” does not have tax arrears, the company is not going to be excluded from the state register as non-active.
According to the information, disclosed by the Pension Fund of Russian Federation, OOO “Kayaan” does not have delays in social payments.
According to the information, disclosed by the Federal Labor Service, OOO “Kayaan” does not plan to attract foreign employees.
According to the research, OOO “Kayaan” does not meet the most frequently encountered in practice characteristics of unreliable companies (so-called “shell” companies), developed by the Federal Tax Service of Russian Federation.
OOO “Kayaan” 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.

A. The enclosed balance of 2012 is originated from official source, no data available about authentication. (31.12.2012 - 1000 RUB) - Warning! The figures stated in the balance sheet may contain error(s).

Balance sheet

Balance	A 31.12.2012	B	C
1. ASSETS
I. FIXED ASSETS
Intangible assets	0
The results of research and development	0
Intangible research assets	0
Tangible research assets	0
Fixed assets	0
Profitable investments in tangible assets	0
Financial investments	0
Deferred tax assets	0
Other non-current assets	0
TOTAL IN SECTION I.	0
II. CURRENT ASSETS
Inventories	1 456
VAT on acquired assets	213
Accounts receivable	14 620
Financial investments (excluding the monetary equivalent)	0
Cash and monetary equivalents	241
Other current assets	0
TOTAL IN SECTION II.	16 530
BALANCE	16 530
2. LIABILITIES
III. CAPITAL AND RESERVES
Authorized capital (share capital, charter capital, deposits capital, partners capital)	10
Treasury stock	0
Revaluation of fixed assets	0
Additional capital (without revaluation)	0
Reserve capital	0
Retained earnings (uncovered loss)	403
TOTAL IN SECTION III.	413
IV. LONG-TERM LIABILITIES
Borrowed funds	0
Deferred tax liabilities	0
Provisions	0
Other liabilities	0
TOTAL IN SECTION IV.	0
V. SHORT-TERM LIABILITIES
Borrowed funds	0
Payables	16 117
Deferred income	0
Provisions	0
Sonstige Verbindlichkeiten	0
TOTAL IN SECTION V.	16 117
BALANCE	16 530
A. The enclosed profit and loss account of 2012 is originated from official source, no data available about authentication. (31.12.2012 - 1000 RUB)

profit and loss

Profit And Loss account	A 31.12.2012	B	C
Turnover	25 805
Cost of sales	22 735
Gross profit (loss)	3 070
Selling expenses	2 585
Administrative expenses	0
Sales profit (loss)	485
Earnings from other entities	0
Interest receivable	0
Interest payable	0
Other operating income	585
Other operating expenses	499
Profit (loss) before tax	571
Current profit tax	169
Permanent tax liabilities (assets)	0
Change in deferred tax liabilities	0
Change in deferred tax assets	0
Different	0
Net profit (loss)	402
Results of fixed assets revaluation, non-includedin net profit/loss for period	0
Result of other transactions, non included in net profit/loss for period	0
Total financial result for period	402

Ratios

		2012
	Quick ratio	0,92

	Current ratio	0,11
	Average Collection Period	103

	Payables turnover Period	129
	Debt ratio	0,97

	Equity to total assets ratio	0,03
	Funding ratio	0,03

	Return on sales	1,56
	Return on Assets	3,45

Return on Equity

n/a

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.88
UK Pound	1	Rs.102.59
Euro	1	Rs.81.69

INFORMATION DETAILS

Analysis Done by :	SUB

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%)

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