MIRA INFORM REPORT

Report Date :

02.04.2012

IDENTIFICATION DETAILS

Name :	KERSCHGENS WERKSTOFFE & MEHR GMBH & CO. KG

Registered Office :	Steinbachstr. 38-40, D 52222 Stolberg

Country :	Germany

Year of Establishment :	1940

Com. Reg. No.:	HRA 5712

Legal Form :	Ltd partnership with priv. ltd. company as general partner

Line of Business :	Other first processing of iron and steel

No. of Employees :	258

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 :	250,000 EUR
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 – September 30^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Germany

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

Company name & address

Kerschgens Werkstoffe & Mehr GmbH & Co. KG

Steinbachstr. 38-40

D 52222 Stolberg

Telephone: 02402/1202-0

Telefax: 02402/1202-110

Homepage: www.kerschgens.de

E-mail: info@kerschgens.de

VAT no

DE811270764

Tax ID number

202/5810/0121

Synthesis

LEGAL FORM Ltd partnership with priv. ltd. company as general partner

Date of foundation: 1940

Registered on: 02.01.1941

companies: Local court 52070 Aachen

under: HRA 5712

Total cap. contribution: EUR 2,000,000.00

Limited partner

Manfred Kerschgens

Ellermühlenstr. 7

D 52222 Stolberg

born: 17.01.1941

Share: EUR 1,001,300.00

Limited partner:

Heinz Herbort

Im Reichswald 3

D 52080 Aachen

born: 08.04.1956

Share: EUR 501,250.00

Limited partner:

Dr. Klemens Felden

Westendstr. 4

D 63322 Rödermark

born: 07.08.1936

Share: EUR 126,250.00

Limited partner:

Rainer Völkel

D 79098 Freiburg

Share: EUR 101,200.00

Limited partner:

Brigitte Felden-Frey

Flemingstr. 34a

D 81925 München

born: 19.07.1946

Share: EUR 67,500.00

Limited partner:

Ursula Schönig

Giselastr. 9

D 52066 Aachen

born: 04.09.1938

Share: EUR 67,500.00

Limited partner:

Dr. Peter Frey

Flemingstr. 34a

D 81925 München

born: 09.02.1933

Share: EUR 67,500.00

Limited partner:

Uwe Schönig

D 52066 Aachen

Share: EUR 67,500.00

General partner

Kerschgens Verwaltungs GmbH

Steinbachstr. 38-40

D 52222 Stolberg

Legal form: Private limited company

Share capital: EUR 80,000.00

Registered on: 14.02.2002

Reg. data: 52070 Aachen, HRB 10485

Shareholder

Manfred Kerschgens

Ellermühlenstr. 7

D 52222 Stolberg

born: 17.01.1941

Share: EUR 40,050.00

Shareholder:

Heinz Herbort

Im Reichswald 3

D 52080 Aachen

born: 08.04.1956

Share: EUR 20,050.00

Shareholder:

Dr. Klemens Felden

Westendstr. 4

D 63322 Rödermark

born: 07.08.1936

Share: EUR 5,050.00

Shareholder:

Rainer Völkel

D 79098 Freiburg

Share: EUR 4,050.00

Shareholder:

Brigitte Felden-Frey

Flemingstr. 34a

D 81925 München

born: 19.07.1946

Share: EUR 2,700.00

Shareholder:

Ursula Schönig

Giselastr. 9

D 52066 Aachen

born: 04.09.1938

Share: EUR 2,700.00

Shareholder:

Dr. Peter Frey

Flemingstr. 34a

D 81925 München

born: 09.02.1933

Share: EUR 2,700.00

Shareholder:

Karl Schönig

Giselastr. 9

D 52066 Aachen

born: 03.06.1936

Share: EUR 2,700.00

Manager

Manfred Kerschgens

Ellermühlenstr. 7

D 52222 Stolberg

having sole power of representation

born: 17.01.1941

Profession: Fully qualified merchant

Marital status: married

Manager:

Heinz Herbort

Im Reichswald 3

D 52080 Aachen

having sole power of representation

born: 08.04.1956

Profession: Businessman

Marital status: married

Proxy

Wolfgang Kaltenbach

D 52249 Eschweiler

having sole power of representation

born: 09.08.1950

Proxy:

Günther Karl Henkelmann

D 52062 Aachen

having sole power of representation

born: 21.01.1960

Proxy:

Pierre Schlüper

D 57518 Alsdorf

having sole power of representation

born: 03.03.1968

COMPANY HISTORY

26.03.2001 - 28.03.2002 Kerschgens KG

Steinbachstr. 38-40

D 52222 Stolberg

Limited partnership

28.03.2002 - 15.05.2008 Kerschgens GmbH & Co. KG (bis

15.05.2008)

Steinbachstr. 38-40

D 52222 Stolberg

Ltd partnership with priv. ltd. company

as general partner

BUSINESS ACTIVITIES

Sectors

243 Other first processing of iron and steel

7010 Activities of head offices

74900 Other professional, scientific and technical activities n. e. c.

96090 Other service activities n. e. c.

BRANCHES AND FACTORIES

Branch:

Kerschgens Werkstoffe & Mehr GmbH & Co. KG

Helmholtzstr. 5

D 41747 Viersen

TEL.: 02162/3796-0

FAX.: 02162/3796-40

Branch:

Kerschgens Werkstoffe & Mehr GmbH & Co. KG

Adenauerstr. 19

D 52146 Würselen

TEL.: 02405/44830

FAX.: 02405/448350

PARTICIPATIONS

Limited partner:

Grefkes Stahl & Mehr GmbH & Co. KG

Helmholtzstr. 5

D 41747 Viersen

Legal form: Ltd partnership with priv. ltd.

company as general partner

Company Status: dissolved since: 22.01.2009

Total cap. EUR 500,000.00

contribution:

Share: EUR 500,000.00

Reg. data: 19.07.1948

Local court 41061

Mönchengladbach

HRA 5095

Shareholder:

Kerschgens Stahl & Mehr GmbH

Steinbachstr. 38-40

D 52222 Stolberg

Legal form: Private limited company

Company Status: active

Share capital: EUR 256,000.00

Share: EUR 256,000.00

Reg. data: 30.11.1984

Local court 52070 Aachen

HRB 11449

Shareholder:

Grefkes Gesellschaft mit beschränkter

Haftung

Helmholtzstr. 5

D 41747 Viersen

Legal form: Private limited company

Company Status: in since: 19.04.2011

liquidation

Share capital: EUR 26,000.00

Share: EUR 26,000.00

Reg. data: 02.02.1972

Local court 41061

Mönchengladbach

HRB 9558

Shareholder:

Wilhelms Industriebedarf Verwaltungs GmbH

Adenauerstr. 19

D 52146 Würselen

Legal form: Private limited company

Company Status: in since: 12.04.2011

liquidation

Share capital: EUR 26,000.00

Share: EUR 26,000.00

Reg. data: 09.12.1997

Local court 52070 Aachen

HRB 7093

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: proprietor

Share: 100.00 %

Address Steinbachstr. 38-40

D 52222 Stolberg

Value at selling price: EUR 1,820,000.00

Type of ownership: proprietor

Share: 100.00 %

Address Schellerweg 58

D 52223 Stolberg

Land register documents were not available.

BANKERS

SPARKASSE AACHEN, AACHEN

Sort. code: 39050000, Account no.: 1800218, BIC: AACSDE33XXX

DEUTSCHE BANK, AACHEN

Sort. code: 39070020, Account no.: 3680378, BIC: DEUTDEDK390

COMMERZBANK, AACHEN

Sort. code: 39040013, Account no.: 120689500, BIC: COBADEFF390

VOLKSBANK VIERSEN, VIERSEN

Sort. code: 31460290, Account no.: 1251015, BIC: GENODED1VSN

VR-BANK, STOLBERG (RHLD.)

Sort. code: 39162980, BIC: GENODED1WUR

FINANCIAL FIGURES

Financial year: 01.01. - 31.12.

Turnover: 2010 EUR 97,534,295.00

2011 EUR 100,000,000.00

Profit: 2010 EUR 406,713.00

further business figures:

Equipment: EUR 1,084,000.00

Ac/ts receivable: EUR 6,871,000.00

Liabillities: EUR 26,248,000.00

Real estate of the firm: EUR 5,653,936.00

Total numbers of vehicles: 17

- Lorries: 9

- Passenger cars: 8

Employees: 258

- thereof permanent staff: 225

- Trainees: 33

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.51.16
UK Pound	1	Rs.81.72
Euro	1	Rs.68.34

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.

Company name & address

VAT no

Tax ID number

Synthesis

Limited partner

General partner

Shareholder

Manager

Proxy

COMPANY HISTORY

BUSINESS ACTIVITIES

BRANCHES AND FACTORIES

PARTICIPATIONS

FINANCIAL INFORMATION

REAL ESTATE

BANKERS

FINANCIAL FIGURES

Unit