MIRA INFORM REPORT

Report Date :

23.02.2011

IDENTIFICATION DETAILS

Correct Name :	ALPINE REIFENHANDELSGESELLSCHAFT M.B.H.

Registered Office :	Rosentalerstrabe 86/I, A-9020 Klagenfurt

Country :	Austria

Financials (as on) :	31.12.2009

Date of Establishment :	27.04.1973

Legal Form :	Limited Liability Company

Line of Business :	Wholesale and Retail Trade; Repair Of Motor Vehicles

RATING & COMMENTS

MIRA’s Rating :

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

Maximum Credit Limit :	EUR 107.000,00
Status :	Good
Payment Behaviour :	No complaints
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 – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

Austria

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

Basic company information

Company name:	ALPINE Reifenhandelsgesellschaft m.b.H.
Status:	active company
Locations:	Rosentalerstraße 86/I, A-9020 Klagenfurt
Phone:	0043 (463) 513644
Fax:	0043 (463) 513644 - 75
E-mail:	office@alpinereifen.com
Activities:	Önace 45310 80% Wholesale trade of motor vehicle parts and accessories
	Önace 45200 20% Maintenance and repair of motor vehicles

General Assessment:	Very low risk The Rating of this company is better than industry average.
	Recommendation We recommends to establish a business and credit relationship, and to benefit from arising business opportunities.

Detail Assessment:	Payments are sometimes made using cash discounts or according to conditions.
	Company's solvency is sound. Earnings potential is positive.
	Maximum credit EUR 107.000,00

Additional company information

Year of incorporation:	1973
Type of company:	Wholesale and retail trade; repair of motor vehicles
Legal form:	limited liability company since 1973-03-31
companies' house number:	FN 99973 w Klagenfurt 1973-04-27
Activities:
ARA-number:	12650
VAT number:	ATU 25369302
number - Austrian National Bank:	276839
Import		Country
Import		world-wide	2011

Export	Country
Export	world-wide		2011

Financial data

total turnover (total sales)	2010	EUR 4.250.000,00	(estimated)
total employees	2011	8	(approx.)
total investments	2009	EUR 7.770,00	(exact)
total company vehicles	2011	1	(exact)

Extraxt from the Companies' House

firm (style):

1 ALPINE Reifenhandelsgesellschaft
m.b.H.

legal form:

1 Gesellschaft mit beschränkter Haftung

registered office:

1 politischer Gemeinde Klagenfurt

business adress:

9 Rosentalerstraße 86
9020 Klagenfurt

capital:

1 ATS 500.000

reference date annual accounts:

1 31. Dezember

annual accounts:

17 zum 31.12.2009 eingereicht am 29.06.2010

power of representation:

    1      Jeder Geschäftsführer vertritt selbständig.
           Die Generalversammlung kann kollektive Vertretungsbefugnis
           beschließen.
    1   Gesellschaftsvertrag vom 31.03.1973                                001
    1   Der Gesellschaftsvertrag wurde mehrfach geändert, zuletzt           002
          mit Beschluss der Generalversammlung vom 02.06.1977
    1   Generalversammlungsbeschluss vom 07.05.1987                        003
          Kapitalerhöhung um ATS 400.000,- .
          Änderung des Gesellschaftsvertrages im Punkt Fünftens.

managing director:

B Nicholas Tennant, geb. 05.06.1952
1 vertritt seit 21.03.1977 selbständig

shareholder:

         B   Nicholas Tennant, geb. 05.06.1952
    5        ...................... ATS 400.000
    5        ................................................. ATS 200.000
         C   Dorothy Winifred Tennant, geb. 20.05.1926
    5        ...................... ATS 100.000
    5        .................................................. ATS 50.000
                        -------------------------------------------------------
                 Summen:             ATS 500.000                ATS 250.000

general table:

Landesgericht Klagenfurt
   1 datenersterfaßt am 01.06.1994              Geschäftsfall 907 Fr   759/94 i
       Ersterfassung gem. Art. XXIII Abs. 4 FBG
   5 eingetragen am 02.03.2000                  Geschäftsfall   5 Fr 1058/00 m
       Antrag auf Änderung eingelangt am 24.02.2000
   9 eingetragen am 05.04.2003                  Geschäftsfall   5 Fr 2319/03 v
       Antrag auf Änderung eingelangt am 02.04.2003
17 eingetragen am 07.09.2010
       Elektronische Einreichung Jahresabschluss eingelangt am 29.06.2010

Real estate

Real estate text:

No real estate property registered

Private data

Surname

Date of birth

Address

Executive positions

Further executive positions (as registered in the companies' house)

Nicholas John Tennant

1952-06-05

9210 Pörtschach Del-Fabroweg 10

manager,

partner,

head of accounting,

head of purchasing,

head of sales,

head of marketing,

head of EDP,

head of personnel

Dorothy Winifred Tennant

1926-05-20

9020 Klagenfurt Waagplatz 7(c/o)

partner

Balance Sheet (absolute) all amounts in EUR

	2009-12-31
Tangible assets	223.013,84
Sum tangible assets	223.013,84
Financial assets	50.342,30
Sum financial assets	50.342,30
Sum fixed assets	273.356,14
Stocks	575.305,99
Sum stock	575.305,99
Claims and other assets	366.975,94
Sum claims	366.975,94
Shares outstanding, not claimed	-18.168,21
Balance sheet profit/balance sheet loss	965.244,50
Thereof profit/loss carried forward	799.805,33
Sum equity capital	983.412,71
Reserves	240.552,00
Sum reserves	240.552,00
Liabilities	162.067,05
Sum liabilities	162.067,05
Liabilities	1.386.031,76
Balance sheet sum	1.386.031,76

Key ratios

	2009
Equity capital share	70,95
Fixed assets coverage	359,75

Locations

Type	Locations	Description
		E-mail
operational	Rosentalerstraße 86/I, A-9020 Klagenfurt	registered headquarters, rented premises
		office@alpinereifen.com
operational	Rosenthalerstraße 86, A-9020 Klagenfurt	registered office

operational	Sonnwendgasse 46, A-9020 Klagenfurt	warehouse, rented premises

former	Waagplatz 7/I, A-9020 Klagenfurt	registered office

former	Waagplatz 7/1, A-9020 Klagenfurt	branch office

former	Alter Platz , A-9020 Klagenfurt	registered headquarters

former	Ankershofenstraße 6 + 10, A-9020 Klagenfurt	registered headquarters

related companies

Company name

Postal code

Stake in %

KSV-number

Companies House

Shares in this company are held by:

Nicholas John Tennant

Del-Fabroweg 10, A-9210 Pörtschach

80 % 1994-06-01

900.019.146

Dorothy Winifred Tennant

Waagplatz 7/1, A-9020 Klagenfurt

20 % 2000-03-02

912.203.407

Affiliated companies and further participations:

Golfanlagen Velden-Köstenberg Errichtungs- und Betriebsgesellschaft m.b.H.

Golfweg 41, A-9231 Köstenberg

762.176

FN 112469 x

Roady Tires Handelsgesellschaft m.b.H.

Rosentalerstraße 86, A-9020 Klagenfurt

1.299.406

FN 238918 a

Golfanlagen Velden - Köstenberg Errichtungs- und Betriebsgesellschaft m.b.H. & Co KG

Golfweg 41, A-9231 Köstenberg

1993-03-30

437.192

FN 20997 d

Bankers


Banker	Bank sort code	Type of banking connection
BKS Bank AG, 9010 Klagenfurt	17000	main bank connection
Volksbank, Gewerbe- u. Handelsbank Kärnten Aktienges., 9010 Klagenfurt	42130	secondary banking connection

Historical development

Year of incorporation:	1973
Date of registration:	1973-04-27

Former executives:
From	To	Function	Name
	2000-03-02	individual signing clerk	Richard Tennant

Former shareholders:
From	To	Function	Name
1994-06-01	2000-03-02	partner	Richard Tennant

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.20
UK Pound	1	Rs.73.07
Euro	1	Rs.61.41

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 Company	----

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.