MIRA INFORM REPORT

Report No. :	485171
Report Date :	12.01.2018

IDENTIFICATION DETAILS

Name :	CZECH GAMES EDITION S.R.O.
Registered Office :	Karla Tomana 825 272 04 Kladno 27920992 CZ27920992
Country :	Czech Republic
Financials (as on) :	31.12.2015
Date of Incorporation :	12.07.2007
Com. Reg. No.:	C 126605
Legal Form :	Private Limited Company
Line of Business :	Subject is engaged in Manufacture and sale of board games (table games).
No. of Employees :	7 [2014]

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Good
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

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
Czech Republic	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

Company name and address

Czech Games Edition s.r.o.	telephone	00420/ 603 439 938
Karla Tomana 825	e-mail	support@czechgames.com
272 04 Kladno	Web	www.czechgames.com
Czech Republic

Crefo Nr.	9210709135	Registration:	Mestsky soud v Praze
Statistical Nr.	27920992	Registration Nr.	C 126605
Tax Nr.	CZ27920992	Status	activ

Economic situation

Business connection	Business connections appear permissible	(31)
Terms of payment	usually within agreed terms	(29)

Basic information

Legal form

Private limited company

Founded

12/07/2007 as Private limited company

Registration

12/07/2007, M ˇestsk ý soud v Praze, C 126605 Statistical Nr.: 27920992

Tax Nr.: CZ27920992

Registered names

Valid from	Trade name(s)	Valid until
31/08/2007	Czech Games Edition s.r.o.
Valid from	Former name(s)	Valid until
12/07/2007	Cujaviak company s.r.o.	31/08/2007

Owners and Capital

Crefo Nr.	Name / Address / Status	From	Share
Shareholders
9214096005	Petr Murmak (birth date 07/07/1977) Karla Tomana 825, Kladno Czech Republic	16/08/2017	130,000 CZK
9214116964	Mgr. Vladimír Chv ´atil (birth date 14/09/1971) Březov ´a 808/81, 637 00 Brno Czech Republic	28/07/2017	60,000 CZK
9217216571	Ing. Vít Vodi čka (birth date 14/04/1985) K Olympiku 564/4, 186 00 Praha Czech Republic	18/12/2017	10,000 CZK
Total capital	200,000 CZK

Registered capital

Date	Currency	Value
12/07/2007	CZK	200,000

Management

Crefo Nr.	Name / Address / Status	Since	Power of attorney
Management
9214096005	Petr Murmak (birth date 07/07/1977) Executive Manager Karla Tomana 825, Kladno Czech Republic	03/08/2007

Company addresses
Valid from	Address	Valid until
16/08/2017	Karla Tomana 825, 272 04 Kladno, Czech Republic
12/07/2007	Tyr šova 1834/11, 120 00 Praha 2, Czech Republic	31/08/2007
31/08/2007	Karla Tomana 825, 272 04 Kladno, Czech Republic	16/08/2017
Valid from	business locations	Valid until
	Hostavick ´a 267/23, 198 00 Praha, Czech Republic

Business activities

Main activity	Nace
Non-specialised wholesale trade	46.90
Additional activities	Nace
Manufacture and sale of board games (table games).

Economic data

Turnover and Employees
Date	Turnover	Employees
2007	actual sales 1,022,000 CZK
2008	actual sales 10,291,000 CZK
2010	actual sales 11,920,000 CZK
2011	actual sales 12,389,000 CZK
2012	actual sales 20,649,000 CZK
2013	actual sales 32,491,000 CZK
2014	actual sales 29,717,000 CZK	7 employees
2015	actual sales 69,704,000 CZK	8 employees

Properties

none

Supplementary data

Remarks

All the sources of negative data accessible to public (insolvency registers, databases of debtors of health insurance institutions, commercial bulletin, collection database of Creditreform and others) are currently monitored. The company contrary to the Act on Accounting did not store its current final accounts to the Companies Register. The company was challenged to fulfil its duty to store its final account at the Companies Register. We have asked the firm management in written form to send final account. In case that we receive account statements, we will send you a.

The company is ready to provide its actual data in the case, when the concrete interested subject will be known. Further participations: Petr Murmak

C 04295129, executive head, share 50%

Contact:

Petr Murmak - executive head, phone: 00420/ 603 439 938

Banks

Code		Bank name / Address	Account Nr.
5500	Raiffeisenbank, a. s.		2732858001/5500

Main indices

Payment experience and credit opinion
Terms of payment	usually within agreed terms	(29)
Business connection	Business connections appear permissible	(31)

Business development
Company development	Constant business development	(29)
Order situation	Satisfactory order situation	(30)

Events

No negative events registered.

Per 09/01/2018 the company was examined in a Central register of executions and no were found.

Balances

Balance

Dec 31, 2015 The enclosed of 2015 from business register, ..

Dec 31, 2014 The enclosed balance of 2014 from business register, ..

Dec 31, 2013 The enclosed balance of 2013 from business register, ..

Dec 31, 2012 The enclosed balance of 2012 from business register, ..

		31/12/2015	31/12/2014	31/12/2013	31/12/2012
		1000	1000	1000	1000
Name	Ref.
		CZK	CZK	CZK	CZK
			balance	balance	balance
TOTAL ASSETS	r1	37,043	15,706	10,727	8,091
Receivables for subscriptions	r2	0	0	0	0
Fixed assets	r3	1,136	656	789	17
Intangible fixed assets	r4	0	0	0	0
Incorporation expenses	r5	0		0	0
Research and development	r6	0		0	0
Software	r7	0		0	0
Other valuable rights	r8			0	0
Goodwill	r9	0		0	0
Other intangible fixed assets	r10	0		0	0
Intangible fixed assets under construction	r11	0		0	0
Advance payments for intangible fixed assets	r12	0		0	0
Tangible fixed assets	r13	1,136	656	789	17
Lands	r14	0	0	0	0
Constructions	r15	0	0	0	0
Equipment	r16	1,136	656	789	17
Perennial corps	r17	0		0	0
Breeding and draught animals	r18	0		0	0
Other tangible fixed assets	r19	0		0	0
Tangible fixed assets under construction	r20	0		0	0
Advance payments for tangible fixed assets	r21	0		0	0
Adjustment to acquired assets	r22	0		0	0
Long-term financial assets	r23	0	0	0	0
Shares - controlled organizations	r24	0		0	0
Shares in accounting units with substantial influ-	r25	0		0	0
ence
Other securities and shares	r26	0		0	0
Loans - controlled and controlling organizations,	r27	0		0	0
substantial influence
Other financial investments	r28	0		0	0
Financial investments acquired	r29	0		0	0
Advance payments for long-term financial assets	r30	0		0	0
Current assets	r31	35,573	14,522	9,922	7,604
Inventory	r32	1,353	1,816	1,039	925
Materials	r33	0		0	0
Work in progress and semi-products	r34	0		0	0
Finished products	r35	1,353	1,816	1,039	925
Animals	r36	0		0	0
Merchandise	r37	0		0	0
Advance payments for inventory	r38	0		0	0
Trade receivables
Long-term receivables	r39	0	0	0	0

		31/12/2015	31/12/2014	31/12/2013	31/12/2012
		1000	1000	1000	1000
Name	Ref.
		CZK	CZK	CZK	CZK
			balance	balance	balance
Trade receivables	r40	0		0	0
Receivables - controlled and controlling organiza-	r41	0		0	0
tions
Receivables from accounting units with substan-	r42	0		0	0
tial influence
Receivables from partners	r43	0		0	0
Long-term deposits given	r44	0		0	0
Estimated receivable	r45	0		0	0
Other receivables	r46	0		0	0
Deferred tax receivable	r47	0		0	0
Short-term receivables	r48	32,818	11,192	3,639	5,447
Trade receivables	r49	28,112	8,752	2,280	4,471
Receivables - controlled and controlling organiza-	r50	0		0	0
tions
Receivables from accounting units with substan-	r51	0		0	0
tial influence
Receivables from partners	r52	0		0	0
Receivables from social security and health insur-	r53	0		0	0
ance
Due from state - tax receivable	r54	3,674	2,154	1,179	951
Short-term deposits given	r55	1,032	130	180	25
Estimated receivable	r56	0		0	0
Other receivables	r57	0	156	0	0
Short-term financial assets	r58	1,402	1,514	5,244	1,232
Cash	r59	555	927	33	273
Bank accounts	r60	847	587	5,211	959
Short-term securities and ownership interests	r61	0		0	0
Short-term financial assets acquired	r62	0		0	0
Accruals	r63	334	528	16	470
Deferred expenses	r64	22	30	16	13
Complex deferred costs	r65	0		0	0
Deferred income	r66	312	498	0	457
TOTAL LIABILITIES	r67	37,043	15,706	10,727	8,091
Equity	r68	14,155	6,903	6,218	3,161
Registered capital	r69	200	200	200	200
Registered capital	r70	200	200	200	200
Ownership interests (-)	r71	0		0	0
Changes of registered capital ( +/- )	r72	0		0	0
Share premium and capital funds	r73	0	0	0	0
Share premium	r74	0		0	0
Other capital funds	r75	0		0	0
Differences from revaluation of assets and liabili- ties ( +/- )	r76	0		0	0

		31/12/2015	31/12/2014	31/12/2013	31/12/2012
		1000	1000	1000	1000
Name	Ref.
		CZK	CZK	CZK	CZK
			balance	balance	balance
Diferences from revaluation in tranformation of	r77	0		0	0
companies (+/-)
Diferences from tranformation of companies ( +/-
)
The differences from valuation on transformation
of business corporations
Funds from earnings	r78	0	0	0	0
Other reserve funds	r79	0		0	0
Statutory and other funds	r80	0		0	0
Profit / loss - previous years (+/-)	r81	6,703	6,018	2,961	961
Retained earnings from previous years	r82	6,703	6,018	2,961	961
Accumulated losses from previous years (-)Other profit / loss - previous years (+/-)	r83	0		0	0
Profit / loss - current year (+/-)Decided on advance for payment of a profit share (-)	r84	7,252	685	3,057	2,000

Liabilities	r85	14,150	7,325	3,546	4,256
Reserves	r86	0	0	0	0
Reserves under special statutory regulations	r87	0		0	0
Reserves for pension and similar payables	r88	0		0	0
Income tax reserves	r89	0		0	0
Other reserves	r90	0		0	0
Long-term payables	r91	0	0	0	0
Trade payables	r92	0		0	0
Payables - controlled and controlling organizations	r93	0		0	0
Payables to accounting units with substantial in-	r94	0		0	0
fluence
Payables to partners	r95	0		0	0
Long-term advances received	r96	0		0	0
Issues bonds	r97	0		0	0
Long-term notes payables	r98	0		0	0
Estimated payables	r99	0		0	0
Other payables	r100	0		0	0
Deferred tax liability	r101	0		0	0
Short-term payables		13,635	7,055	3,147	4,256
	r102
Trade payables	r103	11,616	6,569	1,397	2,172
Payables - controlled and controlling organizations	r104	0		0	0
Payables to accounting units with substantial in-	r105	0		0	0
fluence
Payables to partners	r106	568	289	1,219	1,440
Payroll	r107	292	123	86	57
Payables to social securities and health insurance	r108	172	60	42	35

		31/12/2015	31/12/2014	31/12/2013	31/12/2012
		1000	1000	1000	1000
Name	Ref.
		CZK	CZK	CZK	CZK
			balance	balance	balance
Due from state - tax liabilities and subsidies	r109	969	14	401	289
Short-term deposits received	r110	18		0	261
Issues bonds	r111	0		0	0
Estimated payables	r112	0		2	2
Other payables	r113	0		0	0
Bank loans and financial accommodations	r114	515	270	399	0
Liabilities to credit institutions	r115	0	0	0	0
Payables to banks	r116	515	270	399	0
Short-term accommodations	r117	0	0	0	0
Accruals		8,738	1,478	963	674
	r118
Accrued expenses	r119	8,738	1,478	963	674
Deferred revenues	r120	0		0	0

Profit and loss accounts
Dec 31, 2015 The enclosed profit/loss account of	2015 from business register, ..
Dec 31, 2014 The enclosed profit/loss account of	2014 from business register, ..
Dec 31, 2013 The enclosed profit/loss account of	2013 from business register, ..
Dec 31, 2012 The enclosed profit/loss account of	2012 from business register, ..

		31/12/2015	31/12/2014	31/12/2013	31/12/2012
		1000	1000	1000	1000
Name	Ref.	CZK	CZK	CZK	CZK
		profit/loss	profit/loss	profit/loss	profit/loss
		account	account	account	account
Turnover	a1	69,704	29,717	32,491	20,649
Revenues from sold goods	a2	0	0	0	0
Expenses on sold goods	a3	0	0	0	0
Sale margin	a4	0	0	0	0
Production	a5	69,704	29,717	32,491	20,649
Revenues from own products and services	a6	69,704	29,717	32,491	20,649
Change in inventory of own products (+/-)	a7	0		0	0
Capitalization (-)	a8	0		0	0
Production consumption	a9	54,249	25,910	27,091	16,894
Consumption of material and energy	a10	39,651	17,461	19,784	14,219
Services	a11	14,598	8,449	7,307	2,675
Added value	a12	15,455	3,807	5,400	3,755
Personnel expenses	a13	6,048	2,187	1,741	1,044
Wages and salaries	a14	4,455	1,648	1,319	788
Renumeration of board members	a15	0		0	0
Social security expenses and health insurance	a16	1,504	499	382	241
Other expenses	a17	89	40	40	15
Taxes and fees	a18	9	5	4	3

		31/12/2015	31/12/2014	31/12/2013	31/12/2012
		1000	1000	1000	1000
Name	Ref.	CZK	CZK	CZK	CZK
		profit/loss	profit/loss	profit/loss	profit/loss
		account	account	account	account
Value adjustments of intagible and tangible fixed	a19	529	388	234	34
assets - permanent
Revenues from disposals of fixed assets and	a20	0	0	0	0
materials
Revenues from disposals of fixed assets	a21	0		0	0
Revenues from disposals of materials	a22	0		0	0
Net book value of disposed fixed assets and	a23	0	0	0	0
materials
Net book value of sold fixed assets	a24	0		0	0
Net book value of sold material	a25	0		0	0
Change in operating reserves and adjustments	a26	0	0	0	0
and complex deferred costs ( + / - )
Other operating revenues	a27	251	107	49	32
Other operating expenses	a28	111	70	19	14
Transfer of operating revenues	a29	0		0	0
Transfer of operating expenses	a30	0		0	0
Operating profit / loss	a31	9,009	1,264	3,451	2,692
Revenues from sales of securities and ownership	a32	0		0	0
interests
Sold securities and ownership interests	a33	0		0	0
Revenues from long-term financial assets	a34	0		0	0
Revenues from shares in controlled and managed organizations and in accounting units with substantial influence	a35	0		0	0
Revenues from others securities and ownership	a36	0		0	0
interests
Revenues from other long-term financial as-	a37	0		0	0
sets
Revenues from short-term financial assets	a38	0		0	0
Expenses associated with financial assets	a39	0		0	0
Revenues from revaluation of securities and	a40	0		0	0
derivatives
Cost of revaluation of securities and derivatives	a41	0		0	0
Value adjustments and reserves in the finan-	a42	0		0	0
cial area
Interest revenues	a43	0	1	1	1
Interest expenses	a44	4	12	3	0
Other financial revenues	a45	640	160	459	76
Other financial expenses	a46	692	547	124	297
Transfer of financial revenues	a47	0		0	0
Transfer of financial expenses	a48	0		0	0
Profit / loss from financial operations ( transactions ) (+/-)	a49	-56	-398	333	-220
Income tax on ordinary income	a50	1,701	181	727	472

		31/12/2015	31/12/2014	31/12/2013	31/12/2012
		1000	1000	1000	1000
Name	Ref.	CZK	CZK	CZK	CZK
		profit/loss	profit/loss	profit/loss	profit/loss
		account	account	account	account
Due tax	a51	1,701	181	727	472
Tax deferred	a52	0		0	0
Operating profit / loss ordinary activity	a53	7,252	685	3,057	2,000
Extraordinary revenues	a54	0		0	0
Extraordinary expenses	a55	0		0	0
Income tax on extraordinary income	a56	0		0	0
Due tax	a57	0		0	0
Tax deferred	a58	0		0	0
Operating profit / loss extraordinary activity	a59	0	0	0	0
Transfer profit ( loss ) to partners (+/-)	a60	0		0	0
Profit / loss of current accounting period (+/-)	a61	7,252	685	3,057	2,000
Profit / loss before tax (+/-)	a62	8,953	866	3,784	2,472
Operating cash flow
Investment cash flow
Financial cash flow
Receivables more than 360 days after due date
Receivables more than 180 days after due date
Receivables more than 90 days after due date
Receivables more than 60 days after due date
Receivables more than 30 days after due date
Receivables less than 30 days after due date
Liabilities after due date total	3	250
Liabilities more than 360 days after due date
Liabilities more than 180 days after due date
Liabilities more than 90 days after due date
Liabilities more than 60 days after due date
Liabilities more than 30 days after due date
Liabilities less than 30 days after due date

Financial Ratios

Name	Ref.	31/12/2015	31/12/2014	31/12/2013	31/12/2012
Return on total assets ROA (in %)	1	24.17	5.51	35.28	30.55
Return on equity ROE (in %)	2	63.25	12.55	60.86	78.20
Return on sales ROS (in %)	3	12.84	2.91	11.65	11.97
Turnover of receivables (in days)	4	147.21	107.50	25.61	79.03
Turnover of liabilities (in days)	5	60.83	80.68	15.69	38.39
Turnover of inventories (days)	6	7.08	22.31	11.67	16.35
Net working capital (in ths. CZK)	7	21423.00	7197.00	6376.00	3348.00
Ratio of accounts payable to accounts receivable(in %)	8	240.69	158.64	115.63	127.98

Name	Ref.	31/12/2015	31/12/2014	31/12/2013	31/12/2012
Ratio of profit/loss to tangible assets (in%)	9	1.63	2.21	2.43	0.08
Current ratio	10	2.51	1.98	2.80	1.79
Quick ratio	11	2.42	1.73	2.51	1.57
Cash ratio	12	0.10	0.21	1.48	0.29
Debt ratio I (in %)	13	61.79	56.05	42.03	60.93
Debt ratio II (in %)	14	38.20	46.64	33.06	52.60

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.73
UK Pound	1	INR 86.01
Euro	1	INR 76.13
CZK	1	INR 3.00

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	DNS

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.