Our story started in 1990 when the first

Our story started in 1990 when the first Russian software for analyzing financial performance of businesses was created. INEC – a small consulting company – developed it for in-house use. From that point onwards information and analysis software development has become our core business. INEC today is a powerful research and operations organization offering a full complex of services for successful business engineering based on the most advanced technology solutions. The only unfailing principle is our key rule: we work for our customers the same way we would work for ourselves.

According to some reputable rating agencies and expert publications, INEC Group is traditionally included into the TOP-100 of major Russia consulting and IT companies. Economic weekly journal "Kommersant DENGI" listed INEC among 100 major Russian consulting firms at the 25 st position. The research carried out by “Expert RA” rating agency demonstrated that in 2009 INEC held 40 th position in the list of major Russian consulting companies.

INEC Group holds 16 th position among software developers based on 2009 rating outcomes (DENGI journal). INEC Group proved its highest rating index А+++1+++(%) and was acknowledged as the leader of business consulting services market within UNi “Consulting” and “IT Consulting” nominations. Software by INEC has won multiple prizes in international competitions of finance and business software developers.

INEC Group offers a full scale of services to design, develop, implement and support integrated information and analytical systems for comprehensive computerization of government agencies. We offer unique integrated information and analytical systems for computerization of: - management and administration; accounting an property management; decision support packages; financial, macroeconomic and microeconomic analysis.

One of the core areas of INEK business is provision of IT-consulting services:

“Analytic” software comprises tools for integrated solutions of common financial tasks, which any type of enterprise/organization might face: - accounting and managerial reporting analysis - control of plan vs. actual indicators, deviations analysis - development and analysis of business plans, plans of financial restructuring of an enterprise - business valuation - calculations of budget effectiveness - analysis of financial status of borrowers - assessment of loans feasibility - preparation of anti-crisis programs and financial restructuring plans - reserves estimations based on financial status of borrower, debt servicing quality and loan security - obtaining overall credit portfolio data by quality categories

Specialized comprehensive software tools “Financial Risks Manager” and “General Financial Reporting of Banks” allow for automation of financial activities of credit and non-credit institutions. Based on 2008 year-end data, banks from over 20 foreign countries (Germany, USA, France, Austria, Netherlands, Sweden, Denmark, Finland, RSA, Kazakhstan, Belarus, Ukraine, Turkey, Azerbaijan, Spain, Latvia, Belgium, Italy, Cyprus, China, Japan, etc. ) are currently utilizing INEC software. In 2007 the Tender Committee of the Bank of Russia accredited LLC NVP INEC for the period of 3 years as one of the participants in closed tenders conducted by the Bank of Russia in the sphere of “Computerization” (No. 16 -53/5172 dated July 5, 2007).

Financial Risk Manager tool is designed for computerizing professional activities of risk analysts and risk managers in credit institutions and insurance companies, investment and managerial companies, mutual funds and pension funds, foreign companies including banks, integrated holding companies. Financial Risk Manager tool is recommended for units engaged in risks identification, assessment and management; in monitoring and analyzing financial status and economic performance of businesses; in rating activities; resources management; defining limits for counterparties; investment activities; planning and financial tasks; financial and managerial reports; economic security.

Every third Russian commercial bank is utilizing Financial Risk Manager tool. Out of 200 major Russian credit institutions listed in Finance journal rating list No. 8 (243), 129 banks are utilizing Financial Risk Manager tool was awarded the 1 st prize in the Analytical Software nomination at the annual exhibition Sof. Tool-2006 in the context of “Product of the Year 2006” competition.

General Financial Reporting of Banks tool (OFO-BANK, “Reporting Manager” version) is designed for automation of generating the mandatory reports by bank groups and consolidated reports by multi-branch banks, as well as reports by bank branches and by credit institutions without branch network to be submitted to the respective Territorial Offices of the Bank of Russia both on hard copy and in digital format using software tools such as Kliko, Obved and PTK PSD. Based on the data as of 2008 year-end, over 150 credit institutions and branch offices are utilizing comprehensive software tool General Financial Reporting of Banks (“Reporting Manager” version).

Our unique experience and good understanding of various assets methods combined with extensive data base allow for INEC experts to implement valuation projects within the shortest possible deadlines and with unfailing high quality. We are extremely mobile and can valuate assets based both within the Russian Federation and abroad. Valuation services: - operational asset (business) valuation; - real property valuation; - plant and equipment valuation; - accounts receivable valuation; - intangible assets valuation; - financial assets/liabilities valuation; - other assets valuation. LLC INEC-Audit is a member of non-commercial partnership “Russian Assessors Board”.

The principle of combining theory with practice underlies our training, consulting and hands-on workshops, where we simulate real situations in the most relevant spheres of high demand: - accounting, audit, taxation; - finance management; - IFRS; - management and corporate governance; - HR management; - marketing, advertisement and PR; - sales, marketing and logistics; - information technology; - corporate learning.