MIRA INFORM REPORT

Report Date :

08.09.2011

IDENTIFICATION DETAILS

Name :	BON PRIX HANDELSGESELLSCHAFT MBH
Registered Office :	Haldesdorfer Str. 61, D 22179 Hamburg, Post Box 71 01 80, D 22179 Hamburg
Country :	Germany
Date of Incorporation :	24.07.1986
Com. Reg. No.:	HRB 36455
Legal Form :	Private Limited Company
Line of Business :	Retail sale via mail-order houses or Internet of textiles, clothing, footwear and leather goods

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 :	250,000 EUR
Status :	Good
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 – March 31^st, 2011

Country Name	Previous Rating (31.12.2010)	Current Rating (31.03.2011)
Germany	a1	a1

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

Company name & address

bon prix Handelsgesellschaft mbH

Main address:

Haldesdorfer Str. 61

D 22179 Hamburg

Post Box:

71 01 80, D 22179 Hamburg

Telephone: 040/64620

Telefax: 040/64624211

Homepage: www.bonprix.de

E-mail: service@bonprix.de

VAT no

DE811146964

CONCLUSION

Business relations are permissible.

Synthesis

LEGAL FORM Private limited company

Date of foundation: 21.05.1986

Shareholders'

agreement: 21.05.1986

Registered on: 24.07.1986

Commercial Register: Local court 20355 Hamburg

under: HRB 36455

Share capital: EUR 38,500,000.00

Shareholder

Otto (GmbH & Co KG)

Wandsbeker Str. 3-7

D 22179 Hamburg

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap. EUR 770,000,000.00

contribution:

Share: EUR 38,500,000.00

Registered on: 21.01.1960

Reg. data: 20355 Hamburg, HRA 62024

Manager

Dr. Marcus Ackermann

Flemingstr. 10

D 22299 Hamburg

born: 22.02.1966

Manager:

Dr. Kai Heck

Aalkrautweg 22

D 22395 Hamburg

born: 24.10.1962

Manager:

Marinus Jan Jansen

NL Huizen

authorized to jointly represent the company

born: 21.08.1956

Nationality: Dutch

Proxy

Sven Ahlgrimm

D 22179 Hamburg

authorized to jointly represent the company

born: 29.09.1968

Further functions/participations of Dr. Marcus Ackermann (Manager)

Manager:

JUNGSTIL Handelsgesellschaft mbH

Haldesdorfer Str. 61

D 22179 Hamburg

Legal form: Private limited company

Share capital: EUR 30,000.00

Registered

on: 02.09.1993

Reg. data: 20355 Hamburg, HRB 53716

Manager:

bon prix retail GmbH

Haldesdorfer Str. 61

D 22179 Hamburg

Legal form: Private limited company

Share capital: EUR 1,000,000.00

Registered

on: 20.05.2008

Reg. data: 20355 Hamburg, HRB 105358

Manager:

bon prix Beteiligungs- und

Verwaltungsgesellschaft mbH

Haldesdorfer Str. 61

D 22179 Hamburg

Legal form: Private limited company

Share capital: EUR 8,000,000.00

Registered

on: 15.11.1990

Reg. data: 20355 Hamburg, HRB 45775

Further functions/participations of Dr. Kai Heck (Manager)

Manager:

JUNGSTIL Handelsgesellschaft mbH

Haldesdorfer Str. 61

D 22179 Hamburg

Legal form: Private limited company

Share capital: EUR 30,000.00

Registered

on: 02.09.1993

Reg. data: 20355 Hamburg, HRB 53716

Manager:

bon prix retail GmbH

Haldesdorfer Str. 61

D 22179 Hamburg

Legal form: Private limited company

Share capital: EUR 1,000,000.00

Registered

on: 20.05.2008

Reg. data: 20355 Hamburg, HRB 105358

Manager:

bon prix Beteiligungs- und

Verwaltungsgesellschaft mbH

Haldesdorfer Str. 61

D 22179 Hamburg

Legal form: Private limited company

Share capital: EUR 8,000,000.00

Registered

on: 15.11.1990

Reg. data: 20355 Hamburg, HRB 45775

Further functions/participations of Marinus Jan Jansen (Manager)

Manager:

bon prix Beteiligungs- und

Verwaltungsgesellschaft mbH

Haldesdorfer Str. 61

D 22179 Hamburg

Legal form: Private limited company

Share capital: EUR 8,000,000.00

Registered

on: 15.11.1990

Reg. data: 20355 Hamburg, HRB 45775

Manager:

bon prix retail GmbH

Haldesdorfer Str. 61

D 22179 Hamburg

Legal form: Private limited company

Share capital: EUR 1,000,000.00

Registered

on: 20.05.2008

Reg. data: 20355 Hamburg, HRB 105358

RESIGNED ACTING PERSONS AND SHAREHOLDERS

10.01.2001 - 29.04.2011 Manager

Hans-Joachim Mundt

D 22391 Hamburg

10.01.2001 - 05.08.2010 Manager

Josef Albert Teeken

D 20253 Hamburg

BUSINESS ACTIVITIES

Sectors

47911 Retail sale via mail-order houses or Internet of textiles, clothing, footwear and leather goods

BRANCHES AND FACTORIES

Branch:

bon prix Handelsgesellschaft mbH

Rothenburger Weg 27

D 17309 Pasewalk

Branch:

bon prix Handelsgesellschaft mbH

Möllner Landstr. 4

D 22111 Hamburg

Branch:

bon prix Handelsgesellschaft mbH

Berner Heerweg 173-175

D 22159 Hamburg

Branch:

bon prix Handelsgesellschaft mbH

Haddorfer Grenzweg 22

D 21682 Stade

Branch:

bon prix Handelsgesellschaft mbH

Liebigstr. 5-7

D 22113 Hamburg

Branch:

bon prix Handelsgesellschaft mbH

Lindenstr. 17

D 20099 Hamburg

Branch:

bon prix Handelsgesellschaft mbH

Lüneburger Str.

D 21073 Hamburg

Branch:

bon prix Handelsgesellschaft mbH

Grapengießerstr. 13

D 21335 Lüneburg

Branch:

bon prix Handelsgesellschaft mbH

Sölvesborger Str. 2

D 17438 Wolgast

Branch:

bon prix Handelsgesellschaft mbH

Hamburger Str. 1

D 39340 Haldensleben

TEL.: 03904-610

Branch:

bon prix Handelsgesellschaft mbH

Großer Wulfhagen 40

D 25436 Uetersen

Branch:

bon prix Handelsgesellschaft mbH

Marktstr. 7

D 21423 Winsen

Branch:

bon prix Handelsgesellschaft mbH

Tibarg 41-43

D 22459 Hamburg

Branch:

bon prix Handelsgesellschaft mbH

Westerstr. 22

D 27793 Wildeshausen

Branch:

bon prix Handelsgesellschaft mbH

Bahnhofstr. 45

D 44623 Herne

Branch:

bon prix Handelsgesellschaft mbH

Wilmersdorfer Str. 107

D 10629 Berlin

Branch:

bon prix Handelsgesellschaft mbH

Neumärker Str. 32

D 38350 Helmstedt

Branch:

bon prix Handelsgesellschaft mbH

Sonnenstr. 13

D 38100 Braunschweig

Branch:

bon prix Handelsgesellschaft mbH

Elberfelder Str. 37

D 58095 Hagen

Branch:

bon prix Handelsgesellschaft mbH

Rodenbergstr. 47

D 44287 Dortmund

Branch:

bon prix Handelsgesellschaft mbH

Marler Stern 24

D 45768 Marl

Branch:

bon prix Handelsgesellschaft mbH

Breite Str. 23-25

D 51647 Gummersbach

Branch:

bon prix Handelsgesellschaft mbH

Werth 1-5

D 42275 Wuppertal

Branch:

bon prix Handelsgesellschaft mbH

Hafenstr. 14-18

D 25746 Heide

Branch:

bon prix Handelsgesellschaft mbH

Christianstr. 8-10

D 24534 Neumünster

Branch:

bon prix Handelsgesellschaft mbH

Wandsbeker Str. 3-7

D 22179 Hamburg

PARTICIPATIONS

Shareholder:

bon prix Beteiligungs- und

Verwaltungsgesellschaft mbH

Haldesdorfer Str. 61

D 22179 Hamburg

Legal form: Private limited company

Company Status: active

Share capital: EUR 8,000,000.00

Share: EUR 8,000,000.00

Reg. data: 15.11.1990

Local court 20355 Hamburg

HRB 45775

Shareholder:

bon prix retail GmbH

Haldesdorfer Str. 61

D 22179 Hamburg

Legal form: Private limited company

Company Status: active

Share capital: EUR 1,000,000.00

Share: EUR 1,000,000.00

Reg. data: 20.05.2008

Local court 20355 Hamburg

HRB 105358

Shareholder:

JUNGSTIL Handelsgesellschaft mbH

Haldesdorfer Str. 61

D 22179 Hamburg

Legal form: Private limited company

Company Status: active

Share capital: EUR 30,000.00

Share: EUR 30,000.00

Reg. data: 02.09.1993

Local court 20355 Hamburg

HRB 53716

FINANCIAL INFORMATION

Payment experience: within agreed terms

Negative information: We have no negative information at hand.

Maximum credit: 250,000 EUR

REAL ESTATE

Type of ownership: Tenant

Address Haldesdorfer Str. 61

D 22179 Hamburg

Land register documents were not available.

BANKERS

Principal bank

COMMERZBANK, HAMBURG

Sort. code: 20040000, BIC: COBADEHHXXX

Further banks

DEUTSCHE BANK, HAMBURG

Sort. code: 20070000, BIC: DEUTDEHHXXX

HSH NORDBANK HAMBURG, HAMBURG

Sort. code: 20050000, BIC: HSHNDEHH200

HANSEATIC BANK, HAMBURG

Sort. code: 20120700, BIC: HSTBDEHHXXX

FINANCIAL FIGURES

Financial year: 01.03. - 28.02.

Turnover: 2008/2009 EUR 851,000,000.00

2009/2010 EUR 850,000,000.00

further business figures:

Share capital: EUR 38,500,000.00

Employees: 1,250

The aforementioned business figures may partly be estimated information based on average values in the line of business.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.46.02
UK Pound	1	Rs.73.61
Euro	1	Rs.64.78

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.