MIRA INFORM REPORT

Report Date :

05.05.2014

IDENTIFICATION DETAILS

Name :	MOKIA LIMITED S.R.O.
Registered Office :	Nová 7, 900 28 Ivanka pri Dunaji
Country :	Slovakia
Financials (as on) :	31.12.2012
Date of Incorporation :	03.09.2010
Legal Form :	Limited liability company (Ltd.)
Line of Business :	Beverage serving activities
No. of Employees	Not Available

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 :	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 – March 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
Slovakia	A2	A2

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

SLOVAKIA - ECONOMIC OVERVIEW

Slovakia has made significant economic reforms since its separation from the Czech Republic in 1993. After a period of relative stagnation in the early and mid 1990s, reforms to the taxation, healthcare, pension, and social welfare systems helped Slovakia consolidate its budget, get on track to join the EU in 2004, and adopt the euro in January 2009. Major privatizations are nearly complete, the banking sector is almost entirely in foreign hands, and the government has facilitated a foreign investment boom with business friendly policies. Foreign direct investment (FDI), especially in the automotive and electronic sectors, fueled much of the growth until 2008. Cheap, skilled labor, low taxes, no dividend taxes, a relatively liberal labor code, and a favorable geographical location are Slovakia's main advantages to foreign investors. Growth returned, following a contraction in 2009, but has remained sluggish in large part due to continued weakness in external demand. In 2012 the government of Prime Minister Robert FICO rolled back some of Slovakia's pro-growth reforms to help shore up public finances. Corruption and slow dispute resolution remain key factors constraining economic growth

Source : CIA

Company name

Inquired company: 923 1250513

MOKIA LIMITED s.r.o.

Nová 7,
900 28 Ivanka pri Dunaji

Phone: 02/54641807
E-Mail: ekonom@botelmarina.sk

Legal form

Limited liability company (Ltd.)

Established on	03/09/2010 - Limited liability company (Ltd.)
	Last entry in Business register

	17.09.2013
Registered on	03/09/2010, Okresný súd Bratislava 1, RegNr.: Sro 67311/B Tax number: SK2023097560 Statistical number: 45684928

Registered capital		EUR			2 500 000,00
Owner	AVIAINVEST, s. r. o. (Statistical number: 46027301) Révová 7, 811 02 Bratislava		EUR	2 500 000,00

Manager	Ján Daniš Hlavná 54, 900 31 Stupava authorized to sign alone
	Bandana Rai Nová 1266/7, 900 28 Ivanka pri Dunaji authorized to sign alone

General data		trading and brokerage, advertising, catering, rental, construction works, transportation, cleaning
	Main activity: Beverage serving activities		(56.30)

Commercial name
Revikon s.r.o.
Beginning of validity: 03.09.2010
End of validity: 24.10.2012

MOKIA LIMITED s.r.o.
Beginning of validity: 25.10.2012

General contacts:
Phone:
02/54641807
E-Mail:
ekonom@botelmarina.sk

Residence address:
Nová 7, 900 28 Ivanka pri Dunaji
Beginning of validity: 28.11.2012

Nová 7, 900 28 Ivanka pri Bratislave
Beginning of validity: 25.10.2012
End of validity: 27.11.2012

Belopotockého 2, 811 05 Bratislava
Beginning of validity: 12.10.2011
End of validity: 24.10.2012

		Bakošova 2097/16, 841 03 Bratislava Beginning of validity: 03.09.2010 End of validity: 11.10.2011
Employees	2014		0 employees

Annual turnover	2012		Enterprise turnover	EUR	250,-
Balance sheets		The enclosed profit/loss account of 2012 is originated from official source, we do not have information about the clause of the auditor. (31.12.2012 - 1 EUR)

	The enclosed balance of 2012 is originated from official source, we do not have information about the clause of the auditor. (31.12.2012 - 1 EUR)
Remarks	Other informations are not available. We have not reached anybody on stated telephone numbers. We sent the question-form by post. Additionally after obtaining new data it will be forwarded to you.

	Bandana Rai is also active in: K & Rai a.s., Vráble (02/54410522, 54437778, 54410720) Mokia, s.r.o., Ivanka pri Dunaji (02/54641808,9, 02/54641771,2,3) PLAZ?MA, s.r.o. SLOVAK HOLIDAYS spol. s.r.o., Bratislava SUN 4V, s.r.o., Bratislava
Bank relations	bank relation is not known

Company development	Company development constant	(30)
Business course	satisfactory	(30)

Terms of payment	No complaints	(39)
Business connection	Credits are not rejected. The establishing of the business connection may be allowed.	(31)

A. The enclosed balance of 2011 is originated from official source, we do not have information about the clause of the auditor. (31.12.2011 - 1 EUR)
B. The enclosed balance of 2012 is originated from official source, we do not have information about the clause of the auditor. (31.12.2012 - 1 EUR)

balance	A 31.12.2011	B 31.12.2012	C	D
Total assets	5 000	2 521 408
Non-current assets	0	0
Intangible fixed assets	0	0
Incorporation expenses	0	0
Development expenses	0	0
Software	0	0
Valuable rights	0	0
Goodwill	0	0
Other intangible fixed assets	0	0
Acquisition of intangible fixed assets	0	0
Advance payments for intangible fixed assets	0	0
Tangible fixed assets – total	0	0
Lands	0	0
Constructions	0	0
Separate movable assets and sets of movable assets	0	0
Perennial crops	0	0
Breeding and draught animals	0	0
Other tangible fixed assets	0	0
Acquisition of tangible fixed assets	0	0
Advance payments for tangible fixed assets	0	0
Adjustment to acquired assets	0	0
Long-term financial investments	0	0
Shares and ownership interests with control influence in enterprises	0	0
Shares and ownership interests with substantial influence of enterprises	0	0
Other long-term shares and ownership interests	0	0
Intercompany loans	0	0
Other long-term financial investments	0	0
Loans with maturity up to one year	0	0
Acquisition of long-term financial investments	0	0
Advance payments for long-term assets	0	0
Current assets	5 000	2 521 408
Inventory - total	0	0
Material	0	0
Work-in-progress and semi-finished goods	0	0
Construction contracts where the expected time of completion exceeds one year	0	0
Finished products	0	0
Animals	0	0
Merchandise	0	0
Advance payments made for inventory	0	0
Long-term receivables – total	0	0
Trade receivables	0	0
Net value of contract	0	0
Receivables from a controlled entity and a controlling entity	0	0
Other intercompany receivables	0	0
Receivables from participants, members and association	0	0
Other receivables	0	0
Deffered tax asset	0	0
Short - term receivables – total	0	2 505 719
Trade receivables	0	2 505 719
Net value of contract	0	0
Receivables from a controlled entity and a controlling entity	0	0
Other intercompany receivables	0	0
Receivables from participants, members and association	0	0
Social security	0	0
Taxation and subsidies	0	0
Other receivables	0	0
Financial accounts – total	5 000	15 689
Cash	5 000	27
Bank accounts	0	15 662
Bank accounts with notice period exceeding one year	0	0
Short-term financial assets	0	0
Acquisition of short-term financial assets	0	0
Prepayments	0	0
Deferred expenses long term	0	0
Deferred expenses short term	0	0
Accrued revenues long term	0	0
Accrued revenues short term	0	0
Total capital and liabilities	5 000	2 521 408
Capital	5 000	2 499 447
Registered capital - total	5 000	2 500 000
Registered capital – total	5 000	2 500 000
Own shares and own business shares	0	0
Change in registered capital	0	0
Receivables for subscriptions (for own equity capital)	0	0
Capital funds – total	0	0
Share premium	0	0
Other capital funds	0	0
Legal reserve fund (Non-distributable fund) from capital contributions	0	0
Gains or losses from revaluation of assets and liabilities	0	0
Gains or losses from investments	0	0
Gain or losses from revaluation from join and divesting	0	0
Funds created from profit – total	0	0
Legal reserve fund	0	0
Indivisible funds	0	0
Statutory funds and other funds	0	0
Retained profit or loss from previous years	0	0
Retained earnings from previous years	0	0
Retained earnings from previous years	0	0
Profit or loss for the accounting period	0	-553
Liabilities	0	21 961
Reserves – total	0	0
Legal reserves long term	0	0
Legal reserves short term	0	0
Other long-term reserves	0	0
Other short-term reserves	0	0
Long-term liabilities - total	0	0
Long-term trade liabilities – total	0	0
Net value of contract	0	0
Uninvoiced long-term supplies	0	0
Long-term liabilities to a controlled entity and a controlling entity	0	0
Other intercompany long-term liabilities	0	0
Long-term advances received	0	0
Long-term bills of exchange to a paid	0	0
Bonds issued	0	0
Liabilities from social fund	0	0
Other long-term liabilities	0	0
Deffered tax liability	0	0
Short-term liabilities - total	0	21 961
Trade liabilities	0	2 488
Net values of contract	0	0
Uninvoiced supplies	0	0
Liabilities to a controlled entity and a controlling entity	0	0
Other intercompany liabilities	0	0
Liabilities to partners and participants in association	0	19 473
Liabilities to employees	0	0
Social security liabilities	0	0
Taxation and subsidies	0	0
Other liabilities	0	0
Short-term financial assistance	0	0
Bank loans	0	0
Long-term bank loans	0	0
Current bank loans	0	0
Prepayments - total	0	0
Accrued expenses long term	0	0
Accrued expenses short term	0	0
Deferred revenues long term	0	0
Deferred revenues short term	0	0
A. The enclosed profit/loss account of 2011 is originated from official source, we do not have information about the clause of the auditor. (31.12.2011 - 1 EUR) B. The enclosed profit/loss account of 2012 is originated from official source, we do not have information about the clause of the auditor. (31.12.2012 - 1 EUR)

profit/loss account	A 31.12.2011	B 31.12.2012	C	D
Revenue from the sale of merchandise	0	0
Cost of merchandise sold	0	0
Trade margin	0	0
Production	0	250
Revenue from the sale of own products and services	0	250
Change in inventory	0	0
Own work capitalized	0	0
Purchased consumables and services	0	252
Consumed raw materials, energy consumption and consumption of other non-inventory supplies	0	0
Services	0	252
Added value	0	-2
Personnel expenses - total	0	0
Wages and salaries	0	0
Remuneration of board members	0	0
Social security expenses	0	0
Social expenses	0	0
Taxes and fees	0	426
Depreciation expense of intangible and tangible fixed assets	0	0
Revenues from sales of fixed assets and sales of materials	0	0
Net book value of fixed assets sold and material sold	0	0
Additions to and reversals of impairment losses	0	0
Other operating revenues	0	0
Other operating expenses	0	0
Transfer of operating revenues	0	0
Transfer of operating expenses	0	0
Profit or loss from operations	0	-428
Revenues from sales of shares and ownership	0	0
Shares and ownership interests sold	0	0
Revenues from long-term financial assest	0	0
Revenues from ownership interests with control influence in enterprises and ownership interests with substantial influence of enterprises	0	0
Revenues from other long-term ownership and shares	0	0
Revenues from other long-term financial assest	0	0
Revenues from short-term financial assest	0	0
Expenses for short-term financial assets	0	0
Revenues from revaluation of securities and revenues from derivative operations	0	0
Expenses for revaluation of securities and expenses for derivative operations	0	0
Reversal and creation of value adjustments for financial assets	0	0
Interest income	0	0
Interest expense	0	0
Exchange rate gains	0	0
Exchanges rate losses	0	0
Other financial revenues	0	0
Other financial expenses	0	125
Transfer of financial revenues	0	0
Transfer of financial expenses	0	0
Profit or loss from financial activities	0	-125
Profit or loss from ordinary activities before tax	0	-553
Income tax on ordinary activities	0	0
- current	0	0
- deferred	0	0
Profit or loss from ordinary activities after tax	0	-553
Extraordinary revenues	0	0
Extraordinary expenses	0	0
Profit or loss from extraordinary activities before tax	0	0
Income tax on extraordinary activities	0	0
- current	0	0
- deferred	0	0
Profit or loss from extraordinary activities after tax	0	0
Profit or loss of the accounting period before tax	0	-553
Transfer of profit or loss to partners	0	0
Profit or loss of the accounting period after tax	0	-553
Receivables after due date	0
Liabilities after due date	0

Ratios		2011	2012
	Return on total assets ROA (in %)	0	-0,02

Return on equity ROE (in %)	0	-0,02
Rentabilität der Einnahmen ROS (in %)	n/a	-221,2

Turnover of receivables (in days)	n/a	3658350
Turnover of liabilities (in days)	n/a	3632

Turnover of inventories (days)	n/a	0
Net working capital	5000	2499447

Ratio of accounts payable to accounts receivable	n/a	11410
Ratio of profit/loss to tangible assets (in%)	n/a	0

Current ratio	n/a	115
Quick ratio	n/a	115

Cash ratio	n/a	0,71
Debt ratio I (in %)	0	0,87

Debt ratio II (in %)

0

0,87

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.22
UK Pound	1	Rs.101.68
Euro	1	Rs.83.45

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	PDT

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.