MIRA INFORM REPORT

Report Date :

14.01.2012

IDENTIFICATION DETAILS

Name :	JAS TRADING B.V.

Registered Office :	Burgemeester Haspelslaan 11, 1181NB Amstelveen

Country :	Netherlands

Financials (as on) :	31.12.2010

Date of Incorporation :	22.05.1998

Com. Reg. No.:	33295636

Legal Form :	Limited Company

Line of Business :	wholesale trade of food

No. of Employees :	4

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 :	€ 100.000

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)

Netherlands

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

CONTACTINFORMATION

Company name	Jas Trading B.V.
Tradename	Jas Trading B.V.
Address	Burgemeester Haspelslaan 11
	1181NB Amstelveen
	Netherlands
Mail address	Postbus 404
	1180AK Amstelveen
	Netherlands
Telephone number	0206436412
Telefax number	0206432127
E-mail address	info@jastrading.com
Website	www.jastrading.com
VAT number / RSIN	806168274

CREDIT LIMIT

Credit limit Risk A credit of € 100.000 may be granted

COMPANY STRUCTURE

Shareholder	Hans Jas Beheer B.V.
	Burgemeester Haspelslaan 11
	1181NB AMSTELVEEN
	Netherlands
	KvK: 33185000
	Active since: 01-09-2000
	Percentage: 100.00%
Holding company	Hans Jas Beheer B.V.
	Burgemeester Haspelslaan 11
	1181NB AMSTELVEEN
	KvK: 33185000
Affiliated companies	Nut Quality Services B.V.
	Burgemeester Haspelslaan 11
	1181NB AMSTELVEEN
	KvK: 51651467

Real estate Unknown

The real estate is checked at the land registration office

MANAGEMENT

Management	Hans Jas Beheer B.V.
	Burgemeester Haspelslaan 11
	1181NB AMSTELVEEN
	Netherlands
	KvK: 33185000
	Authorization: Limited authorization Position: Manager Date appointed: 01-08-1999

PAYMENT INFORMATION

Payment experiences Payments are regular

Payments Based on multiple payment experiences up to € 2.000

Quarter: 2 2011: 59 Average days

Quarter: 3 2011: 58 Average days

Quarter: 4 2011: 64 Average days

Quarter: 1 2012: 64 Average days

	invoices	current quarter		2011 Q4	2011 Q3	2011 Q2
Total	32	100%	3.021	3.021	3.115	3.096
Within terms	10	21,1%	637	637	1.167	1.061
Delayed 0 - 30		78,9%	2.384	2.384	1.948	2.035
Delayed 31 - 60

FINANCIAL INFORMATION

Publication financial statement	Annual accounts 2010 are published on 28-04-2011
	Annual accounts 2009 are published on 12-07-2010
	Annual accounts 2008 are published on 14-08-2009
	Annual accounts 2007 are published on 23-05-2008
Type of publication	Corporate
Publication	Steady

CORE FIGURES
BOOKYEAR	2010	2009	2008
Quick ratio	0,42	0,73	0,68
Current ratio	1,52	1,52	1,47
Nett workingcapital / Balance total	0,34	0,34	0,32
Capital and reserves / Balance total	0,34	0,35	0,33
Capital and reserves / Fixed assets	75,87	56,68	45,61
Solvency	0,52	0,53	0,49
Nett workingcapital	1.124.000	1.058.000	1.248.000
Capital and reserves	1.138.000	1.077.000	1.277.000
Change capital and reserves	5,66%	-15,66%	3,40%
change short term liabilities	8,18%	-23,37%	40,37%

Annual accounts The company is obligated to publish its annual accounts

Last annual accounts 2010

Tendency changeable

BALANCE sheet

BOOKYEAR	2010	2009	2008
End of bookyear	31-12-2010	31-12-2009	31-12-2008
Tangible assets	15.000	19.000	28.000
Fixed assets	15.000	19.000	28.000

Stocks and work in progress	2.390.000	1.604.000	2.100.000
Accounts receivable	916.000	1.471.000	1.780.000
Current assets	3.306.000	3.075.000	3.880.000
Total assets	3.321.000	3.094.000	3.908.000

Capital and reserves	1.138.000	1.077.000	1.277.000
Other short term debts	2.182.000	2.017.000	2.632.000
Total short term debt	2.182.000	2.017.000	2.632.000
Total debt	2.182.000	2.017.000	2.632.000
Total Liabilities	3.321.000	3.094.000	3.908.000

Company structure

Hans Jas Beheer B.V. (33185000) AMSTELVEEN

Jas Trading B.V. (33295636)

Amstelveen

Subsidiary (100%)

Nut Quality Services B.V. (51651467)

AMSTELVEEN

Management relation

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.43
UK Pound	1	Rs.79.10
Euro	1	Rs.66.17

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.

Capital	EUR 680.670,32
Issued capital	EUR 136.134,06
Paid up capital	EUR 136.134,06

NACE-code	Specialized wholesale trade of food (513835)
SBI-code	Wholesale on a fee or contract basis in agricultural products, live animals and raw materials for textilesand food (4611) Wholesale of other food n.e.c. (46383)
Formal objective	Het vertegenwoordigen van en bemiddelen voor binnen- en buitenlandse companies op het gebied van de handel in noten, pinda's, gedroogde zuidvruchten en andere artikelen in de levensmiddelenbranche, waaronder begrepen de import en export daarvan. (To represent and mediate for domestic and foreign companies in the field of trade in nuts, peanuts, dried fruit and other items in the food industry, including import and export thereof.)

Employees	Total: 4
Employees according to CoC	Chamber of commerce: 4
Bookyear	2012	2010	2009
Number	4	4	4
Change	0,00%	0,00%	0,00%