MIRA INFORM REPORT

Report Date :

21.02.2012

IDENTIFICATION DETAILS

Correct Name :	DOMOTESS KOMPLEMENTARSELSKAB AS
Registered Office :	Industrivej 9, 5580 Nørre Aaby
Country :	Denmark
Financials (as on) :	30.04.2011
Date of Incorporation :	12.04.2006
Com. Reg. No.:	29511721 A/S
Legal Form :	Limited Company
Line of Business :	Wholesale of textiles
No. of Employees :	Not Available

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 :	Estimated 600.000 DK
Status :	Satisfactory
Payment Behaviour :	Regular
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)
Denmark	a2	a2

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

Company name

DENMARK/170240

Company ID 

Main name            DOMOTESS KOMPLEMENTARSELSKAB A/S

Main address         INDUSTRIVEJ 9

City                  5580 NØRRE AABY

Country               Denmark

Phone-no.             +45-63-440010

Fax-no.               +45-43-440030

Nat. partner ID-no.  1312854

ID-/Reg.-no.         29511721 A/S

Legal form           Limited company

Company Status       Active

Latest change        2012-01-09

Activity 

Activity             46.41 Wholesale of textiles

No of employees empl 0

Management Information 

Management           HENRIK LUND (Managing director)

Board of directors   JØRGEN ANDSBJERG (Chairman of the board)

HENRIK LUND (Member of the board)

EJGIL JUUL NIELSEN (Member of the board)

Historical Data 

Established          2006

Registered           2006-04-12

Credit Facilities 

Bankers              JYSKE BANK A/S VIBORG SCT. MATHIAS GADE 21 8800

                     - VIBORG

Financial data 

Currency             Danish Krone

<* *>

Closing date                2011-04-30        2010-04-30        2009-04-30

Source                      Ann. report       Ann. report       Ann. report

Ordinary result                 707.000           485.000         2.232.000

Tax                             183.000           123.000           562.000

Annual result                   524.000           362.000         1.670.000

<* Assets *>

Fixed assets                  1.819.000           279.000           688.000

Current assets                3.512.000         8.918.000         9.713.000

<* Liabilities *>

Equity capital                3.047.000         3.774.000         3.762.000

Share capital                 2.500.000         2.000.000         2.000.000

Short-term debts              2.283.000         5.424.000         6.638.000

Company Ratios 

Gearing I                        185,91            155,19            215,94

Acid test ratio I                153,83            164,42            146,32

Acid test ratio II               153,83            116,81            116,51

Return on investment              -0,38              7,88             23,43

Return on equity                  23,20             12,85             59,33

Solvency ratio                    57,16             41,04             36,17

Property 

Property             No

Corporate Structure 

Secondary names(s)   HUGO KRAGH ZELECTION A/S

                     ZELECTION A/S

Payment profile 

Payment profile      Payment regular

Credit Summary 

Credit limit         Estimated 600.000

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.21
UK Pound	1	Rs.77.75
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.