MIRA INFORM REPORT

Report Date :

24.12.2012

IDENTIFICATION DETAILS

Name :	BERND HENNING CHRISTOPHERSEN
Registered Office :	Ludwig-Wagner-Str. 19, D 69168 Wiesloch
Country :	Germany
Year of Establishment :	1975
Com. Reg. No.:	Not Available
Legal Form :	Independent Profession
Line of Business :	Retail sale of computers, peripheral units and software
No. of Employees :	01 employee

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Small Company
Payment Behaviour :	Slow and Delayed
Litigation :	---

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^th, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
Germany	A1	A1

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

germany - ECONOMIC OVERVIEW

The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its energy and 46% of its base-load electrical production.

Source : CIA

Company name

Bernd Henning Christophersen

Company address

Ludwig-Wagner-Str. 19

D 69168 Wiesloch

Telephone 06222/93880

Telefax: 06222/938850

Homepage: www.adr-ag.de

E-mail: mail@mediaburn.de

Company Status: active

Trade name

Advanced Digital Research

CONCLUSION

Business relations are permissible.

synthesis

LEGAL FORM Independent profession

Date of foundation: 1975

Practising person

Bernd Henning Christophersen

Am Fischgrund 8

D 69190 Walldorf

born: 30.09.1944 in Wernigrode/Harz

Profession: Engineer

Marital status: married

Negative remark(s) regarding

Bernd Henning Christophersen

Debt collection:

Amount last entry:

1 19.11.2007

EUR 362.00

Further functions/participations of Bernd Henning Christophersen

(Practising person)

Manager:

MediaBurn GmbH

Ludwig-Wagner-Str. 19

D 69168 Wiesloch

Legal form: Private limited company

Share capital: EUR 25,600.00

Registered

on: 03.03.2008

Reg. data: 68159 Mannheim, HRB 703962

BUSINESS ACTIVITIES

Main industrial sector

4741 Retail sale of computers, peripheral units and software

71122 Engineering activities in the field of technical sectoral planning andengineering design

FINANCIAL INFORMATION

Payment experience: partly with delays in payment

Negative information: Negative information is known to us. We refer you to the legal form data.

REAL ESTATE

Type of ownership: Tenant

Address Ludwig-Wagner-Str. 19

D 69168 Wiesloch

Real Estate of: Bernd Henning Christophersen

Type of ownership: part owner

Share: 50.00 %

Address Am Fischgrund 8

D 69190 Walldorf

Land register documents were not available.

BANKERS

A bank connection is unknown.

FINANCIAL FIGURES

Financial year: 01.01. - 31.12.

Turnover: 2011 EUR 125,000.00

Equipment: EUR 9,000.00

Ac/ts receivable: EUR 13,000.00

Liabilities: EUR 10,000.00

Employees: 1

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.55.07
UK Pound	1	Rs.89.54
Euro	1	Rs.72.77

INFORMATION DETAILS

Report Prepared by :

MNL

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.