MIRA INFORM REPORT

Report Date :

08.11.2008

IDENTIFICATION DETAILS

Name :	MEEGAA SUBSTRATES B.V.

Registered Office :	Westgaag 4 Maasland 3155DE

Country :	Netherlands

Date of Incorporation :	01.10.2007

Legal Form :	Private Limited Liability Company (BV) with Ordinary Structure

Line of Business :	Wholesaler of Flowers and Plants

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	(€) 3000

Status :	Small Company

Payment Behaviour :	No Complaints

Litigation :	Clear

Company Summary

COMPANY DETAILS
Company Name	MeeGaa Substrates B.V.
Chamber of Commerce Number	27307956
Street	Westgaag
House Number	4
City	MAASLAND
Postal Code	3155DE
Phone	015 2143055
Incorporated Date	01-10-2007
Company Type	Private limited liability company (BV) with ordinary structure

MAILING ADDRESS DETAILS
Street	Westgaag
House Number	4
City	MAASLAND
Postal Code	3155DE

PAYMENT EXPECTATIONS SUMMARY
Suspension of Payments / Mora	No
Payment Expectation Days
Day Sales Outstanding
Industry Average Payment Expectation Days	17.45
Industry Average Day Sales Outstanding	58.36

COURT DATA SUMMARY
Court Action	No
Type

HOLDING COMPANY DETAILS
Company Name	No

DIRECTOR
Director

Accounts & Ratios

No accounts filed for this company.

Payment Expectations

INDUSTRY COMPARISON
Activity Code	5122
Activity Description	Wholesale of flowers and plants
Industry Average Day Sales Outstanding	58.36
Industry Average Payment Expectation Days	17.45

INDUSTRY QUARTILE ANALYSIS
Payment Expectation Days
Payment Expectations - Lower	26.46
Payment Expectations - Median	34.25
Payment Expectations - Upper	56.29

Day Sales Outstanding
Day Sales Outstanding - Lower	8.54
Day Sales Outstanding - Median	12.19
Day Sales Outstanding - Upper	18.05

Shareholder Details

HOLDING COMPANY (100%)
Company Name	MeeGaa Tussenholding B.V.
House Number	4
Street	Westgaag
City	MAASLAND
Postal Code	3155DE

Subsidaries (100%)

No subsidaries for this company.

Court Data

IDENTIFICATION DETAILS
Company Name
Trade Name
Chamber of Commerce Number
Street
City
Country
Post Code

FACTS
Court Action
Details
Annulment (if applicable)
Date of Annulment	--

DATES
Enunciation Date	--
Voting Date (in case of Moratorium)	--

RECEIVER DETAILS (IF BANKRUPTCY)
Name
Title
Gender
Street
City
Country
Post Code

INDUSTRY DETAILS
Activity Description
Activity Code

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.47.76
UK Pound	1	Rs.74.87
Euro	1	Rs.60.81

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	Unfavourable & favourable factors carry similar weight in credit consideration. 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
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

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%)

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