MIRA INFORM REPORT

Report Date :

02.10.2014

IDENTIFICATION DETAILS

Correct Name :	BRISTOL BEST MEDIA LLC
Registered Office :	Bluemon Centre, Floor No. 8, Office 802, J. Sambuu Street 32, Youth Avenue, Sukhbaatar District, 8th Khoroo, Ulaanbaatar 14200
Country :	Mongolia
Date of Incorporation :	10.04.2012
Legal Form :	Limited Liability Company
Line of Business :	Trading as distributor of Sony Pictures International Releasing and 20th Century Fox Distribution Group.
No of Employees :	8

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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
Mongolia	C1	B2

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

MONGOLIA - ECONOMIC OVERVIEW

Mongolia's extensive mineral deposits and attendant growth in mining-sector activities have transformed Mongolia's economy, which traditionally has been dependent on herding and agriculture. Mongolia's copper, gold, coal, molybdenum, fluorspar, uranium, tin, and tungsten deposits, among others, have attracted foreign direct investment. Soviet assistance, at its height one-third of GDP, disappeared almost overnight in 1990 and 1991 at the time of the dismantlement of the USSR. The following decade saw Mongolia endure both deep recession, because of political inaction and natural disasters, as well as economic growth, because of reform-embracing, free-market economics and extensive privatization of the formerly state-run economy. The country opened a fledgling stock exchange in 1991. Mongolia joined the World Trade Organization in 1997 and seeks to expand its participation in regional economic and trade regimes. Growth averaged nearly 9% per year in 2004-08 largely because of high copper prices globally and new gold production. By late 2008, Mongolia was hit hard by the global financial crisis. Slower global economic growth hurt the country's exports, notably copper, and slashed government revenues. As a result, Mongolia's real economy contracted 1.3% in 2009. In early 2009, the International Monetary Fund reached a $236 million Stand-by Arrangement with Mongolia and the country has largely emerged from the crisis with better regulations and closer supervision. The banking sector strengthened but weaknesses remain. In October 2009, Mongolia passed long-awaited legislation on an investment agreement to develop the Oyu Tolgoi mine, considered to be among the world's largest untapped copper-gold deposits. Mongolia's ongoing dispute with a foreign investor over Oyu Tolgoi, however, has called into question the attractiveness of Mongolia as a destination for foreign direct investment. Negotiations to develop the massive Tavan Tolgoi coal field also have stalled. The economy has grown more than 10% per year since 2010, largely on the strength of commodity exports to nearby countries and high government spending domestically. Mongolia's economy, however, faces near-term economic risks from the government's loose fiscal and monetary policies, which are contributing to high inflation, and from uncertainties in foreign demand for Mongolian exports. Trade with China represents more than half of Mongolia's total external trade - China receives more than 90% of Mongolia's exports and is Mongolia's largest supplier. Mongolia has relied on Russia for energy supplies, leaving it vulnerable to price increases; in the first 11 months of 2013, Mongolia purchased 76% of its gasoline and diesel fuel and a substantial amount of electric power from Russia. A drop in foreign direct investment and a decrease in Chinese demand for Mongolia's mineral exports are putting pressure on Mongolia's balance of payments. Remittances from Mongolians working abroad, particularly in South Korea, are significant.

Source : CIA

COMPANY NAME

BRISTOL BEST MEDIA LLC (CORRECT)

BRISTOL BEST MEDIA CO LTD (Requested)

ADDRESS

Building : Bluemon Centre, Floor No. 8, Office 802

Street : J. Sambuu Street 32, Youth Avenue

Area : Sukhbaatar District, 8th Khoroo

Town : Ulaanbaatar 14200

Country : Mongolia

Telephone: (976 77) 078 188

Fax : (976 77) 078 189

E-Mail : jargalan.b@bristolbestmedia.com /

migaa@bloomsburymedia.com

Also Known As : Bristol Best Media Co. Ltd / Bristol Best Media XXK

SENIOR COMPANY PERSONNEL

Name Position

1. Myagmarsuren Bazarsad Chief Executive Officer

2. B. Jargalan Assistant to CEO

Total Employees : 8

PAYMENTS

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

We consider it is acceptable to deal with subject for SMALL amounts, however in view of the lack of financial information we recommend international suppliers exercise a degree of caution. It is normal accepted practice for international suppliers to deal on secured terms with Mongolian importers.

Trade risk assessment : Normal

PRINCIPAL BANKER

NAME : TRADE & DEVELOPMENT BANK OF MONGOLIA

Branch : Hudaldaany street-7

Area : Baga toiruu-12

Town : Ulaanbaatar

Telephone: (976 11) 331 133 / 326 289

Fax : (976 11) 325 449 / 328 231

FINANCIAL INFORMATION

Private companies in Mongolia are not required to publish or disclose balance sheets. Balance sheets are not available from other sources, and the subject interviewed declined to give any financial information, which the company regards as strictly confidential.

LEGAL STATUS AND HISTORY

Date Started : 10 April 2012

History : The subject was established in Ulaanbaatar on 10 April 2012.

Tax No.: 5550521

Capital : not given

Limited Liability Company with the following director and shareholders :

Director

Myagmarsuren Bazarsad

(Mongolian national)

Shareholders

1. Myagmarsuren Bazarsad

(Mongolian national)

2. Yosup Kim

(Korean national)

3. Jungbong Ko

(Korean national)

4. Bristol Media International, Inc.

3620 Oxford Ave - Suite 7A

Riverdale

NY 10463

Telephone: (1 929) 500 1940 / Mobile (1 917) 545 8650 (Tony Manne)

Fax : (1 718) 432 3081

The exact shareholding percentage was not disclosed.

Affiliated companies of the Bristol Best Media LLC :

Associates

1. Bloomsbury Partners LLC

JS Building, 452, 6th Floor

Dosan-daero,

Gangnam-gu

Seoul 135-948

South Korea

Telephone: (82 2) 6419 2002

Fax : (82 2) 6419 2003

Email : www.bloomsburypartners.com

2. Bloomsbury Media Inc.

JS Building, 452, 6th Floor

Dosan-daero,

Gangnam-gu

Seoul 135-948

South Korea

Telephone: (82 2) 6419 2002

Fax : (82 2) 6419 2003

3. Bloomsbury Securities LLC

Mongolia

4. Bloomsbury Media LLC

Mongolia

5. Kinoton Korea Inc.

South Korea

6. Screen Solution Inc.

South Korea

ACTIVITIES

The Company is involved in the following activities :

Trading as distributor of Sony Pictures International Releasing and 20th Century Fox Distribution Group.

NACE Code : 7312

Imports from South Korea.

Subject only sells locally and does not engage in re-export business.

FACILITIES

The Company has the following facilities :

Rented administrative offices located at the heading address.

SPECIAL NOTES

You enquired on : “BRISTOL BEST MEDIA CO LTD”. Please note that subject is also known by this name. Subject's correct registered name is as per heading.

Interviewed : Myagmarsuren Bazarsad (Chief Executive Officer).

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.75
UK Pound	1	Rs.100.07
Euro	1	Rs.77.95

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	SMN

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.