MIRA INFORM REPORT

Report Date :

18.10.2014

IDENTIFICATION DETAILS

Name :	BLAGOTVORITELNYY FOND "UCHASTIE"
Registered Office :	Prosp Leninskiy d 146, 119526 g Moskva
Country :	Russia
Financials (as on) :	31.12.2012
Date of Incorporation :	03.06.1998
Com. Reg. No.:	10277397587
Legal Form :	Charitable Funds
Line of Business :	Activities of other membership organizations Other financial intermediation
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 :	Unknown
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)
Russia	A2	B1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	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 identification
BLAGOTVORITELNYY FOND "UCHASTIE"	Tel	74954349623
Prosp Leninskiy d 146 119526 g Moskva Russia

Statistical Nr.	28927649	Registration:	MEZHRAYONNAYA INSPEKTSIYA MNS ROSSII 39 PO G MOSKVE
Tax Nr.	7729049783	Registration Nr.	10277397587
Status	Active

Economic situation

Business connection	Business connection is not yet clear. The development of the company remain to be seen.
Terms of payment	Payment experience is not yet available.

Basic information

Legal form

Charitable Funds

Founded

03/06/1998 as Charitable Funds

Registration

11/12/2002, MEZHRAYONNAYA INSPEKTSIYA MNS ROSSII 39 PO G MOSKVE, 1027739758727

Statistical Nr.: 28927649

Tax Nr.: 7729049783

Registered names

Valid from	Full name	Valid until
	Regionalnyy obshchestvennyy blagotvoritelnyy fond podderzhki sotsialno nezashchishchennykh grazhdan "Uchastie"
Valid from	Short name	Valid until
	Blagotvoritelnyy fond "Uchastie"

Owners and Capital

	Name / Address / Status	From	Share
Owner
	Svetlana Valerevna Surina		11,11 %
	Leonid Nikolaevich Orlov		11,11 %
	Sergey Anatolevich Mikhaylov		11,11 %
	Vladimir Vasilevich Kizyakovskiy Tax Nr.: 772802782906		11,11 %
	Nadezhda Viktorovna Zabarina		11,11 %
	Inna Viktorovna Vystavkina		11,11 %
	Leonid YUrevich Venzhik		11,11 %
	Oleg Mikhaylovich Bakeev		11,11 %
	Viktor Sergeevich Averin		11,11 %

Sole Executive Body
9497720296 9497720296	Igor Konstantinovich Maslennikov Tax Nr.: 773701315417

Registered capital

Date Currency Value

31/12/2010 RUB 4 500

Management

	Name / Address / Status	Since Power of attorney
Sole Executive Body
	Managing director Igor Konstantinovich Maslennikov Tax Nr.: 773701315417

Company addresses

Valid from	Residence address	Valid until
	prosp Leninskiy d 146, 119526 g Moskva, Russia Tel: 74954349623 Tel: 74956411000

Business activities

Main activity	Nace
Activities of other membership organizations n.e.c.	91.33
Additional activities	Nace
Other financial intermediation	65.2

Economic data

Turnover and employees

Date	Turnover	Employees
31/12/2006	0 RUB
31/12/2007	0 RUB
31/12/2008	0 RUB
31/12/2009	0 RUB
31/12/2010	0 RUB
31/12/2011	0 RUB
31/12/2012	0 RUB

Supplementary data

Remarks

Blagotvoritelnyi Fond "Uchastie" is a non-commercial organization. Blagotvoritelnyi Fond "Uchastie" is a charitable foundation.

According to the research, affiliation through the director of Blagotvoritelnyi Fond "Uchastie", Maslennikov Igor Konstantinovich, with other legal persons has not been revealed. Blagotvoritelnyi Fond "Uchastie" did not participate in court cases.

Main indices

Payment experience and credit opinion

Terms of payment	Payment experience is not yet available.
Business connection	Business connection is not yet clear. The development of the company remain to be seen.

Business development

Company development	Company development remains to be seen.
Business course	no real business activity.

Events

No negative events registered.

Balances

Balance

31.12.2012 The enclosed balance of 2012 is originated from official source, no data available about authentication.

31.12.2011 The enclosed balance of 2011 is originated from official source, no data available about authentication.

Name	Ref.	31/12/2012 1000 RUB balance	31/12/2011 1000 RUB balance
1. ASSETS
Tangible non-current assets (including basic, unfinished capital investments in fixed assets)		0	0
Intangible, financial and other non-current assets (including the results of research and development, incomplete investments in intangible assets, research and development, deferred tax assets)		0	0
Cash and cash equivalents		56	33
Other current assets (including inventories and receivables)		86	86
BALANCE		142	119
2. LIABILITIES
Earmarked funds		105	75
Real Estate Fund, and especially valuable personal property and other trust funds		0	7
Fixed liabilities		0	0
Payables		37	37
Other short-term liabilities		0	0
BALANCE		142	119

Profit and loss accounts

31.12.2012 The enclosed profit and loss account of 2012 is originated from official source, no data available about authentication.

31.12.2011 The enclosed profit and loss account of 2011 is originated from official source, no data available about authentication.

Name	Ref.	31/12/2012 1000 RUB profit and loss account	31/12/2011 1000 RUB profit and loss account
Turnover		0	0
Expenditure on ordinary activities		0	0
Outstanding interest		0	0
Other income		0	0
Other expenses		0	4
Taxes on income (profit)		0	0
Net income (loss)		0	-4

Financial Ratios

Name	Ref.	31/12/2012	31/12/2011
Current ratio	1
Quick ratio	2
Average Collection Period	3
Payables turnover Period	4
Debt ratio	5
Equity to total assets ratio	6
Funding ratio	7
Return on sales	8
Return on Assets	9
Return on Equity	10
r24	11
r50	12
r51	13

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.62
UK Pound	1	Rs.99.12
Euro	1	Rs.78.89

INFORMATION DETAILS

Analysis Done by :	DIV
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%)

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