Mir Detstva

complete

Translated version of this PSD: Russian The EBRD is considering a mezzanine loan of RUB 420 million in favour of OOO “Kompania “Mir Detstva”, a Russian distributor of children’s goods. The loan will enable Mir Detstva increase the duration of its loan portfolio and create a sound capital platform for further operational development. The Project will contribute to the development of the Russian market of children’s goods by achieving the following key milestones: Mir Detstva is the leading distributor of children’s goods in Russia. The Company offers a diversified product range from goods for newborns to toys and clothes. Mir Detstva has developed its own brands, widely recognised in Russia. The Company was created in 1994. Mezzanine loan, secured by shares of companies of Mir Detstva group. RUB 420 million. Screening categories and rationale for classification The project involves a general corporate finance to a company. Therefore, the project has been categorised B in accordance with the EBRD E&S Policy. Information reviewed Due diligence included a corporate environmental and social (E&S) review, which has been carried out through an Environmental and Social Questionnaire completed by the Client. Issues identified and mitigation measures The Company does not have formalised policies and procedures for the management of E&S issues, however its current activities are generally in compliance with the relevant Russian environmental and social laws and regulations. As part of the Area of Influence, the due diligence assessed the potential E&S impacts that would be associated with the installation of the new manufacturing equipment to start production of newborn bottles, and potential liabilities that might be associated with the existing facilities. The review has concluded that there would be no significant issues. An Environmental and Social Action Plan (ESAP) has been developed to further improve the E&S performance of the Company and to bring it in compliance with the EBRD E&S Policy requirements. The main action items in the ESAP cover the following areas: None. Pavel Kotlyarevskiy Tel: 8 (495) 363-14-05