MIRA INFORM REPORT

Report Date :

15.05.2014

IDENTIFICATION DETAILS

Name :	AMIR & CO TOO
Registered Office :	Auezova Street 3, Auezovskiy District, Vitrazhniy Uchastok, Almaty 050008
Country :	Kazakhstan
Date of Incorporation :	29.05.2000
Com. Reg. No.:	33343-1910-ТОО (IU)
Legal Form :	Limited Liability Company
Line of Business :	importers and wholesalers of tea, coffee, cosmetic products and furniture.
No of Employees :	05

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)
Kazakhstan	B1	B1

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

Kazakhstan - ECONOMIC OVERVIEW

Kazakhstan, geographically the largest of the former Soviet republics, excluding Russia, possesses enormous fossil fuel reserves and plentiful supplies of other minerals and metals, such as uranium, copper, and zinc. It also has a large agricultural sector featuring livestock and grain. In 2002 Kazakhstan became the first country in the former Soviet Union to receive an investment-grade credit rating. Extractive industries have been and will continue to be the engine of Kazakhstan's growth, although the country is aggressively pursuing diversification strategies. Landlocked, with restricted access to the high seas, Kazakhstan relies on its neighbors to export its products, especially oil and grain. Although its Caspian Sea ports, pipelines, and rail lines carrying oil have been upgraded, civil aviation and roadways continue to need attention. Telecoms are improving, but require considerable investment, as does the information technology base. Supply and distribution of electricity can be erratic because of regional dependencies, but the country is moving forward with plans to improve reliability of electricity and gas supply to its population. At the end of 2007, global financial markets froze up and the loss of capital inflows to Kazakhstani banks caused a credit crunch. The subsequent and sharp fall of oil and commodity prices in 2008 aggravated the economic situation, and Kazakhstan plunged into recession. While the global financial crisis took a significant toll on Kazakhstan's economy, it has rebounded well, helped by prudent government measures. Rising commodity prices have helped the recovery. Despite solid macroeconomic indicators, the government realizes that its economy suffers from an overreliance on oil and extractive industries, the so-called "Dutch disease." In response, Kazakhstan has embarked on an ambitious diversification program, aimed at developing targeted sectors like transport, pharmaceuticals, telecommunications, petrochemicals and food processing. In 2010 Kazakhstan joined the Belarus-Kazakhstan-Russia Customs Union in an effort to boost foreign investment and improve trade relationships.

Source : CIA

Company NAME

Amir & Co TOO (Correct)

AMIR COMPANY TOO (Requested)

Company ADDRESS

Street : Auezova Street 3

Area : Auezovskiy District, Vitrazhniy Uchastok

Town : Almaty 050008

Country : Kazakhstan

Telephone : (7 727) 395 8084 / 395 9405 / Mobile (7 777) 811 9001

Fax : (7 727) 395 8084

E-Mail : krs_almaty2008@yahoo.com

Extended Name : Amir & Co Tovarishchestvo s Ogranichennoy Otvetstvennostyu

English Translation : Amir & Co LLP

Also known as : Amir & Co ZhShS / Amir & Company

SENIOR COMPANY PERSONNEL

Name Position

Natalya Vladimirovna Glynina Managing Director

Total Employees : 5

PAYMENTS

No complaints have been heard regarding payments from local suppliers or banks.

We consider it is acceptable to deal with subject for amounts, although it is normal accepted practice for international suppliers to deal on secured terms with Kazakhstani importers.

Trade risk assessment: Normal

PRINCIPAL BANKERS

NAME : TAIB KAZAKHSKIY BANK DB AO

Branch : Severnoe Koltso Street 9

Town : Almaty 050000

Telephone: (7 727) 245 1608

Fax : (7 727) 245 1608

Acc. No. : KZ067812203176430121

Acc. No. : KZ877812203173980480 (001467707)

Acc. No. : KZ257812203178400334 (001070709)

BIK : TBKBKZKA

Tax No. : RNN 600700050305

FINANCIAL INFORMATION

Private companies in Kazakhstan are not required to publish or disclose balance sheets. However, the subject interviewed offered the following information :

Sales Turnover : US DLRS 500,000 - 2013 - approx

Net Profit : not given but stated to be profitable

Financial year ends 31 December.

The following financial information is obtained from the local tax office file :

Corporate Income Tax : TENGE 0 – 2010 – exact

: TENGE 0 – 2011 – exact

: TENGE 0 - 2012 – exact

: TENGE 400,000 – 2013 – exact

: TENGE 0 – 2014 – exact *

VAT Paid : TENGE 0 – 2010 – exact

: TENGE 25,000 – 2011 – exact

: TENGE 0 - 2012 - exact

: TENGE 0 – 2013 – exact

: TENGE 0 – 2014 – exact *

Individual Income Tax : TENGE 94,400 – 2010 – exact

: TENGE 170,100 – 2011 – exact

: TENGE 290,600 - 2012 - exact

: TENGE 354,900 – 2013 – exact

: TENGE 20,100 – 2014 – exact *

Social Tax : TENGE 78,800 – 2010 – exact

: TENGE 136,400 – 2011 – exact

: TENGE 175,700 - 2012 - exact

: TENGE 263,000 – 2013 – exact

: TENGE 15,700 – 2014 – exact *

Other income : TENGE 77,600 – 2010 – exact

: TENGE 0 – 2011 – exact

: TENGE 0 - 2012 - exact

: TENGE 0 – 2013 – exact

: TENGE 0 – 2014 – exact *

Total Taxes Paid : TENGE 250,800 – 2010 – exact

: TENGE 331,700 – 2011 – exact

: TENGE 466,300 – 2012 – exact

: TENGE 1,017,900 – 2013 – exact

: TENGE 35,800 – 2014 – exact *

* As of 1 March 2014.

Financial year ends 31 December.

LEGAL STATUS AND HISTORY

Date Started : 29 May 2000

History : The subject company was established in Kazakhstan on 29 May 2000.

C.R. No. : 33343-1910-ТОО (IU)

Tax No.: RNN 600700207298

Business Identification No.: BIN 000540006879

Statistics No.: OKPO 39266429

Authorised Capital : TENGE 72,500

Paid-Up Capital : TENGE 72,500

Tovarishchestvo s Ogranichennoy Otvetstvennostyu (limited liability company) with the following director and sole shareholder :

Director

Natalya Vladimirovna Glynina

(Kazakhstani national / RNN 600719070303 / IIN/BIN 780303400193)

Shareholder

Rashid Mohammad 100%

(Indian national / RNN 600720473298 / IIN/BIN 690801399194

/ Personal No.: 1887841, issued on 1 October 2008)

Affiliated companies of Amir & Co TOO:

Associate

Geecy Kaz Services TOO
Kazakhstan

ACTIVITIES

The Company is involved in the following activities :

Trading as importers and wholesalers of tea, coffee, cosmetic products and furniture.

NACE Code: 4637 / 4645

Imports from India and Vietnam.

Exports to Russia.

FACILITIES

The Company has the following facilities :

Rented premises comprising administrative offices located at the heading address as well as rented storage facilities located at Koltsevaya Street 58, Almaty.

REGISTERED OFFICE

Auezova Street 3

Auezovskiy District, Vitrazhniy Uchastok

Almaty 050008

SPECIAL NOTE

You enquired on: AMIR COMPANY TOO. Please note that the correct name is as per heading.

The address which you provided: APP 26 98 16 IINIYA STR ALMATY 050000 is could not be verified. Please note that subject’s correct administrative address is as per heading.

Interviewed: Rashid Mohammad (Shareholder).

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.88
UK Pound	1	Rs.100.98
Euro	1	Rs.82.40

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	MNL

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.