OUR SERVICE FOR FOREIGN INVESTORS Our company “LES” LLC (“Luxeconomservice” LLC) has highly-reputable twenty-year presence in the audit market in the Central Black Earth Region. «LES» LLC is the first and only company in the Central Black Earth Region, which specializes in providing comprehensive services to foreign entrepreneurs who had decided to start a business in Russia, in the Central Black Earth Region. Only our company would like to offer exclusive service for Russian subsidiaries of multinational holdings: analyze accounting books and local reporting of your Russian subsidiary which had been done according to RAS ( Russian accounting standards) and transform them to IFRS format or to your corporate standards format on monthly, quarterly or annually basis; prepare all kinds of monthly, quarterly or annually reports to the European headquarter in English; English- speaking specialists would be constantly on-line with the specialists of European headquarter to answer “emerging” questions; «Full- scale» annual report with presentation for shareholders in English. You will be able to transfer all accounting functions and tax reporting to our specialists, reducing the cost of bookkeeping and concentrating on running the core business. Also our company got good expertise of technical audit of projects under construction and experience in construction revisions. We hope you will be interested to contact us and look forward to receiving your reply. Our employees have the experience, depth of knowledge and skill to tackle any challenges. Moreover, the highest level of data protection and absolute confidentiality ensures that all information obtained in the course of collaboration is not subject to disclosure under any circumstances. Provided services are as follow: 1. Consulting support of international projects and start-ups Analyze of the project (objectives, requirements, tasks). Develop a plan for project financing. Structuring the project. Develop investment agreements. Prepare a “risks map” based on the transaction structure and transaction documents. Legal due diligence of the assets contributed to the joint venture. Develop a legal structure for the venture or investment transaction, negotiate terms and conditions and term sheets, memoranda of understanding, etc. Prepare a company’s participants (shareholders) agreements, investment agreements, etc. Identify the specific features and limitations for the parties as regards execution and performance of participants’ agreements, and give recommendations to minimize such features and limitations. Book-keeping and audit of representative offices of companies. Consulting assistance in cooperation development (choosing of business partners, their preliminary evaluation, meeting arrangement). Legal and tax consulting; consulting assistance in settlement of legal, economic and tax disputes. 2. IFRS service Settlement and organization of the system of accounting under IFRS. Our staff will promptly help to establish a process of reporting based on the international standards and requirements. Transformation of reporting under Russian accounting standards into IFRS format or into the corporative format of your European headquarter. On-line communication with the specialists of European headquater on all their requests concerning IFRS reporting. Adjustment of the reporting with the use of topical changes and innovations in the field of IFRS. Quick reporting cutoff, as well as a policy of rapprochement of accounting under Russian Accounting Standards and IFRS. Prepearing General report and presentation for Annual shareholders meeting. 3. Audit according to Russian Accounting Standards Our company has been authorized for mandatory audit and voluntary audit in according with Russian accounting standards. In Russia mandatory audit should be carried out on regular basis in any company that: has a legal form of organization such as OJSC; issues securities admitted to trading on stock exchanges; carries out credit, insurance or clearing activities; is a non-governmental mutual, investment or pension fund; is a currency, stock or commodity exchange; receives the annual revenue from the sale of goods works and services of more than 400 million rubles; and in other cases specified in the legislation. As for the voluntary audit, our company carries it out upon clients request in cases where: a company needs to provide reliable financial (accounting) statements to investors, banks, banks or possible business partners; a company is going to join the group / holding and provide documentation to create consolidated financial statements. In this case , an assessment of not only the reliability of financial statements but also the results of the economic activity as a whole, the state of the internal control systems and financial state of the client shall be carried out. 4. Accounting Consulting At any time, experts of our company are ready to explain any controversial and ambiguous provisions of accounting, to answer all the specific questions and to assist in activities such as: development of accounting policies and chart of accounts; forming of a system of accounting; prompt reporting cut-off; consolidated statements; development of methods of accounting. 5. Tax Related Services Paying taxes is one of the essential and most important duties prescribed by law for any type of company in Russia. Carelessness and inattention to the control, monitoring and optimization of the taxation process may lead to negative consequences for the business as a whole. Our company “LES” LLC (“Luxeconomservice” LLC) offers clients to consider a rational approach to the taxation system and is ready to give its full support towards the effective management of all kinds of taxes and discuss the prospects and opportunities. Our company also provides assistance in the following cases: Tax Optimization and Tax Advicing for legal entities and for indnvduals; Tax Planning and Tax Risk Management; Transaction support / Tax implications; Мanagement of tax disputes in courts, litigation of recovery sum of tax penalties; Tax Audit.