MIRA INFORM REPORT

Report Date :

03.06.2011

IDENTIFICATION DETAILS

Name :	MAILLEFER SA

Registered Office :	Route du Bois 37, 1024 Ecublens

Country :	Switzerland

Date of Incorporation :	05.10.1929

Com. Reg. No.:	550.0.109.960-5 / 426685

Legal Form :	Company limited by shares

Line of Business :	supplier of extrusion and winding solutions to the wire & cable and pipe industries

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 :	CHF 350'000
Status :	Satisfactory
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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Switzerland

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

company name

Maillefer SA

Operating address

Route du Bois 37

1024 Ecublens

Switzerland/CH

Telephone: 021 6944111

Fax: 021 6912143

Web site: http://www.mailleferextrusion.com

E-mail: info@maillefer.net

VAT-No.: CHE-101.030.731

Profile

Established: 1900

Line of Business: Machinery

Industry Division: Manufacturing

Industry-code (NACE): 2899 Manufacture of other special-purpose machinery n.e.c.

2841 Manufacture of metal forming machinery

Import/Export: Export

Export sales: 95.0%

Quality certification: ISO 9001:2000

Banks: UBS Ltd

CS Credit Suisse

Operational Figures

Coverage: Company

Figures: approximately

Employees: 140

Sales: EUR 60'000'000.--

Activity

The company is the world's leading supplier of extrusion and winding solutions to the wire & cable and pipe industries. Theres mission is to maximize the productivity of its customers through superior technology, know-how and service. They relies on almost a century of tradition to serve customers with plastic extrusion and reel-handling technology.

Real Estate

Information on property ownership was not available.

Company Register

Company No: 550.0.109.960-5 / 426685

Legal form: Company limited by shares

Registration: 05.10.1929

Legal status: active

Responsible Register: Registre du commerce du canton de Vaud

Auditor: Deloitte AG, Basel

Entry Deleted Name

10.10.2001 Maillefer SA

26.09.2001 Nextrom S.A.

26.09.2001 10.10.2001 Maillefer S.A.

Entry Deleted Legal domicile

active Ecublens (VD), Switzerland

Entry Deleted Address

28.09.2000 Route du Bois 37, 1024 Ecublens/VD, Switzerland/CH

28.09.2000 Route du Bois 24, 1024 Ecublens/VD, Switzerland/CH

Entry Deleted Capital

04.01.2008 Share Capital CHF 1'500'000, paidup CHF 1'500'000

Entry Deleted Capital Structure

04.01.2008 15'000 Registered shares of CHF 100.--

Entry Deleted Activity (original Language)

active fabrication et vente de machines et commerce de tout ce qui se rattache à l'industrie mécanique, électrique, informatique, des télécommunications; toutes opérations se rattachant directement ou indirectement au but social, tant en Suisse qu'à l'étranger; toutes affaires commerciales ou immobilières en rapport avec le but social.

Entry Deleted Remarks (original Language)

26.06.2008 Merger: reprise des actifs et passifs de MAILLEFER HOLDING SA, à Ecublens (VD) (CH-550-1049066-7), selon contrat de fusion du 22 mai 2008 et bilan au 31 décembre 2007, présentant des actifs de CHF 36'872'287, parmi lesquels sont contenues toutes les actions de la société reprenante, et des passifs envers les tiers de CHF 36'116'302, soit un actif net de CHF 755'985. La fusion ne donne pas lieu à une augmentation du capital, étant donné que l'actionnaire unique de la société transférante reçoit les actions propres de la société reprenante, acquises lors de la fusion.

Official Administration

Title Name

President Filip Frankenhaeuser , Origin: Finland, Address: Kulloonkylä , Finland, joint signature of two, Appointment: 09.02.2011

Executive Director Henning Giesecke , Origin: Germany, Address: Zoll , Germany, joint signature of two, Appointment: 09.02.2011

Executive Director Hanns Rech , Origin: Germany, Address: Königstein , Germany, joint signature of two, Appointment: 09.02.2011

Executive Director Heikiki Bergholm, Origin: Finland, Address: Helsinki , Finland, joint signature of two, Appointment: 09.02.2011

Management

Title Name

Director Antti-Jussi Rissanen, Origin: Finland, Address: Aubonne/VD, Switzerland, joint signature of two, Appointment: 01.11.2001

Director Manuel Felder, Origin: Escholzmatt, Switzerland, Address: Denges/VD, Switzerland

Director Mikko Kettunen , Origin: Finland, Address: Kauniainen , Finland, joint signature of two, Appointment: 03.01.2011

Director Georges Duruz, Origin: Murist, Switzerland, Address: Mézières/VD, Switzerland, joint signature of two, Appointment: 01.11.2001

Director Peter Roos, Origin: Germany, Address: 1185 Mont-sur-Rolle /VD, Switzerland, joint signature of two, Appointment: 08.12.2008

Member with signing authority Pirjo Lattion-Autio, Origin: Liddes, Switzerland, Address: 1400 Yverdon-les-Bains /VD, Switzerland, joint signature of two, eingeschränkte Zeichnungsberechtigung

Executive board

Title Name

Chief Executive Officer Peter Roos

Chief Financial Officer Mikko Kettunen

Chief Marketing & Sales Officer Manuel Felder

Chief Development Officer Antti-Jussi Rissanen

Chief Purchase Officer Georges Duruz

Ultimate Parent Company

Name: APEF Management Company 5 Limited

City/Country: Saint Helier, United Kingdom/GB

Owner/-s

No. of Owner/-s: 1

Owner: The company is foreign owned.

Class: 50-99%

Name: Alpha Beteiligungsberatung GmbH & Co. KG

City/Country: Frankfurt am Main, Germany/DE

Investments

Class: 100%

Name: Maillefer Extrusion India Private Limited

City/Country: Navi Mumbai, India/IN

Interest: 100.00% voting right, 100.00% capital interest (since 26.03.2010)

Class: 100%

Name: Maillefer Extrusion Oy

City/Country: Vantaa, Finland/FI

Interest: 100.00% voting right, 100.00% capital interest

Class: 100%

Name: Maillefer NA Inc.

City/Country: Kingsport, United States of America/US

Interest: 100.00% voting right, 100.00% capital interest (since 02.07.2008)

Remarks

Debt collection case:

JUL 2001: CHF 776.00, payment after legal demand

FEB 2007: CHF 1'450.75, payment after legal demand

SEP 2008: CHF 96.00, paid

APR 2010: CHF 138.00, paid

Legal Actions

Control date Year No. Amount CHF Status

05.10.2010 2010 0

31.12.2009 2009 0

31.12.2008 2008 2 Paid legal actions

31.12.2007 2007 0

31.12.2006 2006 1 1'561.-- Closed legal actions

31.12.2005 2005 1 Paid legal actions

An updated legal action check is only available against proof of interest. e.g. a copy of an enquiry letter, and order or invoice relating to the subject company.

Credit Information

Financial Statements: The company does not disclose any financial statements. Third parties are not permitted any insight into the financial affairs. It is therefore difficult to make a proper assessment of the actual situation.

Financial Situation: The financial situation is in order.

Payment experiences: Financial obligations are met as appropriate.

Maximum Credit: CHF 350'000

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.94
UK Pound	1	Rs.73.46
Euro	1	Rs.64.58

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.