MIRA INFORM REPORT

Report Date :

28.04.2011

IDENTIFICATION DETAILS

Name :	MAILLEFER EXTRUSION OY
Formerly Known As :	NEXTROM METALLIC CABLE MACHINERY OY
Registered Office :	Ensimmäinen savu, 01510, VANTAA
Country :	Finland
Financials (as on) :	31.12.2009
Date of Incorporation :	07.05.2001
Legal Form :	Limited Company
Line of Business :	Mechanical and process engineering design

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	(€) 50.000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
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 – December 31, 2010

Country Name	Previous Rating (30.09.2010)	Current Rating (31.12.2010)
Finland	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Summary

Trading Name	Maillefer Extrusion Oy	Trade Registry Number
Company Name	Maillefer Extrusion Oy	Business ID	16577533
Previous Name	Nextrom Metallic Cable Machinery Oy
Telephone Number	0988665600	Registered Address	Ensimmäinen savu, 01510, VANTAA
Fax Number	0988665771	Visiting Address	Ensimmäinen savu, 01510, VANTAA
Home Municipality	Vantaa	Postal Address	PL 176, 01511, VANTAA
Incorporation Date	07.05.2001	Branches	1
Company Type	Limited company	Website Address
Primary Sic Code	71127	Accountant	Deloitte & Touche Oy
Primary Sic Description	Mechanical and process engineering design	Last Accounts Date	31.12.2009
Share Capital (€)	1.200.000	Holding Company	MAILLEFER S.A
Deals in importing	Yes	Foreign Ownership	SWITZERLAND
Deals in exporting	Yes	Currency	EUR

Credit Indicator & Limit

Limit (€)

50.000

Key Financials

Year	31.12.2009	%	31.12.2008	%	31.12.2007	%	31.12.2006
Turnover (€)	107.866.000	-26%	145.299.000	44%	100.923.000	60%	63.057.000
Result After Taxes(€)	180.000	127%	-674.000	-108%	8.668.000	171%	3.199.000
Total Assets(€)	65.806.000	-22%	84.639.800	41%	60.179.100	73%	34.871.710
Number of Employees	139	8%	129	22%	106	20%	88
Estimated Shareholders Funds	25.664.340	-2%	26.238.338	-7%	28.284.177	69%	16.738.421

Shareholder Information

Year	31.12.2009
Total Value of Shares	1.200.000
Number of Shares	1.200
Value of Shares	1000

Registrations in Force

	State	Registration Date
Tax Administration	Registered	28.03.2001
Trade Register	Registered	07.05.2001
Employer Register	Registered	01.06.2001
Prepayment Register	Registered	01.06.2001
Value Added Tax-Liability	VAT-liable for business activity	01.06.2001

Payment Delays

Current Directors

Name	Giesecke Henning Herbert Gerhard
Date of Birth	06.05.1960	Appointment Date	10.02.2011
Nationality	GERMANY	Function	Actual Member of Board

Name	Rissanen Antti Jussi
Date of Birth	13.01.1950	Appointment Date	24.08.2007
Nationality	FINLAND	Function	Managing director

Name	Bergholm Heikki Lauri Herman
Date of Birth	07.06.1956	Appointment Date	10.02.2011
Nationality	FINLAND	Function	Actual Member of Board

Name	Rech Hanns Robert Ernst-Wilhelm
Date of Birth	13.04.1954	Appointment Date	10.02.2011
Nationality	GERMANY	Function	Actual Member of Board

Name	Frankenhaeuser Carl Filip
Date of Birth	12.02.1951	Appointment Date	10.02.2011
Nationality	FINLAND	Function	Chairman of Board

Other Company Officials

Name	Roos Peter Johannes
Date of Birth	27.12.1962	Appointment Date	10.02.2011
Nationality	GERMANY	Function	Procurist

Name	Mentu Matti Tapio
Date of Birth	15.09.1947	Appointment Date	10.02.2011
Nationality	FINLAND	Function	Procurist

Name	Nykänen Jari Pekka
Date of Birth	04.12.1967	Appointment Date	10.02.2011
Nationality	FINLAND	Function	Procurist

Name	Salmi Kari Juhani
Date of Birth	09.03.1956	Appointment Date	10.02.2011
Nationality	FINLAND	Function	Procurist

Name	Karling Raul Bertel
Date of Birth	14.08.1954	Appointment Date	10.02.2011
Nationality	FINLAND	Function	Procurist

Name	Saastamoinen Heikki Jaakko Sakari
Date of Birth	22.07.1969	Appointment Date	10.02.2011
Nationality	FINLAND	Function	Procurist

Name	Teränen Kari Kalevi
Date of Birth	12.11.1947	Appointment Date	10.02.2011
Nationality	FINLAND	Function	Procurist

Name	Kettunen Mikko Johannes
Date of Birth	05.10.1976	Appointment Date	10.02.2011
Nationality	FINLAND	Function	Procurist

Name	Boström Karl Markus
Date of Birth	25.08.1970	Appointment Date	10.02.2011
Nationality	FINLAND	Function	Procurist

Name	Mattila Antti Tapani
Date of Birth	17.09.1948	Appointment Date	10.02.2011
Nationality	FINLAND	Function	Procurist

Name	Orhanen Kati Helena
Date of Birth	24.06.1964	Appointment Date	10.02.2011
Nationality	FINLAND	Function	Procurist

Name	Vesikivi Timo Antero
Date of Birth	24.03.1950	Appointment Date	10.02.2011
Nationality	FINLAND	Function	Procurist

Name	Vuopala Arvo Tapani
Date of Birth	30.10.1959	Appointment Date	09.01.2009
Nationality	FINLAND	Function	Principal accountant

Name	Leppänen Jorma Juhani
Date of Birth	18.05.1956	Appointment Date	10.02.2011
Nationality	FINLAND	Function	Procurist

Financial Statement

Year

2010

2009

Holding Company	MAILLEFER S.A	Companies in Group	6
Ultimate Holding Company	MAILLEFER FINLAND HOLDING OY	Ownership Status	Ultimately Owned

Subsidiaries

Company Name	Country	Trade Registry Number	Business ID	Latest Key Financials	Ownership
MAILLEFER EXTRUSION LTD	CANADA	-	-	-	100%

Group Structure

Company Name	Country	Trade Registry Number	Business ID	Latest Key Financials	Ownership
MAILLEFER EXTRUSION LTD	CANADA	-	-	-	100%
ALPHA GROUP	GERMANY	-	-	-	100%
MAILLEFER FINLAND HOLDING OY	FINLAND	-	21204993	-	100%
MAILLEFER HOLDING SA	SWITZERLAND	-	-	-	100%
MAILLEFER S.A	SWITZERLAND	-	-	-	100%

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.40
UK Pound	1	Rs.73.26
Euro	1	Rs.65.17

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	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
--	NB	New Business	--

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.