MIRA INFORM REPORT

Report Date :

17.05.2011

IDENTIFICATION DETAILS

Name :	IBS FOREIGN TRADE

Registered Office :	August Vordingstraat 127, 7558AC Hengelo Ov

Country :	Netherlands

Date of Incorporation :	02.11.1994

Legal Form :	Sole proprietorship

Line of Business :	Non-specialized wholesale of consumer goods

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Moderate

Payment Behaviour :	Delayed

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)

Netherlands

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

CONTACTINFORMATION

Company name	IBS Foreign Trade
Tradename	IBS Foreign Trade
Address	August Vordingstraat 127
	7558AC Hengelo Ov
	Netherlands
Mail address	August Vordingstraat 127
	7558AC Hengelo Ov
	Netherlands
Telephone number	0742781476
Telefax number	0742782449
E-mail address	defnetea@home.nl
Website	unknown

MANAGEMENT

Management
	N. Kaymakli
	Nihat
	August Vordingstraat 127
	7558AC Hengelo Ov
	Position: Owner
	Date of birth: 03-08-1950

PAYMENT INFORMATION

Payment experiences - Payments are delayed

FINANCIAL INFORMATION

Annual accounts The company is not obligated to publish its financial account.

Tendency Liquidity Not to be judged because of the absence of sufficient financial information

Limited

Currency Euro

Company structure

• IBS Foreign Trade (06074477)

Hengelo Ov

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.07
UK Pound	1	Rs.72.97
Euro	1	Rs.63.57

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.

Handelsregisternummer	06074477
Registered in	Chamber of commerce Oost Netherlands
Date of constitution	02-11-1994
Legal form	Sole proprietorship

NACE-code	Non-specialized wholesale of consumer goods (51921)
SBI-code	Non-specialised wholesale trade in consumentenartikelen (46901)
Formal objective	Im- en export en groothandel in ongeregelde goods.

Employees according to CoC	Chamber of commerce: 1
Bankers	ABN Amro Bankers NV