MIRA INFORM REPORT

Report Date :

05.07.2012

IDENTIFICATION DETAILS

Name :	T.T.M. HOLLAND B.V.

Registered Office :	Deldenerstraat 126 7551AK Hengelo

Country :	Netherlands

Financials (as on) :	31.12.2010

Date of Incorporation :	08.11.2001

Legal Form :	Besloten Vennootschap

Line of Business :	Wholesale of construction machinery (building equipment)

No. of Employees :	2

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
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 – March 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Netherland

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

CONTACTINFORMATION

Company name	T.T.M. Holland B.V.
Tradename	T.T.M. Holland B.V.
	textilemachines ttmholland
	ttmholland
Address	Deldenerstraat 126
	7551AK Hengelo
	Netherlands
Mail address	Postbus 98
	7550AB Hengelo Ov
	Netherlands
Telephone number	0742420098
Telefax number	0742434828
E-mail address	info@ttm-holland.com
Website	www.ttm-holland.com
VAT number / RSIN	810303243

COMPANY STRUCTURE

Shareholder	Wendrich Beheer B.V.
	Deldenerstraat 126
	7551AK HENGELO OV
	Netherlands
	KvK: 06055005
	Active since: 05-11-2001
	Percentage: 100.00%
Holding company	Wendrich Beheer B.V.
	Deldenerstraat 126
	7551AK HENGELO OV
	KvK: 06055005
Affiliated companies	Esmarke Participations B.V.
	Deldenerstraat 126
	7551AK HENGELO OV
	KvK: 08187239
	Ingenieursbureau Wendrich & Co B.V.
	Deldenerstraat 126
	7551AK HENGELO OV
	KvK: 08199223

Bank ABN Amro Bank NV

Real estate	Group-property owned
	The real estate is checked at the land registration office
	Object code: HENGELO (O) B 9861
	Owner: WENDRICH BEHEER B.V.

MANAGEMENT

Management	K. Wendrich
	Klaas
	Authorization: Fully authorized
	Position: Manager
	Date appointed: 05-11-2001
	Date of birth: 20-11-1953

PAYMENT INFORMATION

Payment experiences There are no payment experiences known

FINANCIAL INFORMATION

Publication financial statement Annual accounts 2010 are published on 14-09-2011

Annual accounts 2009 are published on 25-03-2011

Annual accounts 2008 are published on 29-10-2009

Annual accounts 2007 are published on 05-11-2008

Type of publication Corporate

Publication Publication according to obligations by law

CORE FIGURES

BOOKYEAR	2010	2009	2008
Quick ratio	0,75	0,34	0,33
Current ratio	1,99	2,00	1,66
Nett workingcapital / Balance total	0,49	0,50	0,40
Capital and reserves / Balance total	0,50	0,50	0,40
Capital and reserves / Fixed assets	53,55	995,00	258,25
Solvency	1,01	1,00	0,66
Nett workingcapital	1.051.000	994.000	1.029.000
Capital and reserves	1.071.000	995.000	1.033.000
Change capital and reserves	7,64%	-3,68%	4,03%
change short term liabilities	7,06%	-36,65%	-18,14%

Annual accounts The company is obligated to publish its annual accounts

Last annual accounts 2010

Tendency Changeable

Capital and reserves 2010 1.071.000

Total debt 2010 1.062.000

Current ratio 2010 1,99

Quick ratio 2010 0,75

Nett workingcapital 2010 1.051.000

Profitability To be followed

Solvency Sufficient

Liquidity Sufficient

Currency Euro

BALANCE

BOOKYEAR	2010	2009	2008
End of bookyear	31-12-2010	31-12-2009	31-12-2008
Tangible assets	20.000	1.000	4.000
Fixed assets	20.000	1.000	4.000

Stocks and work in progress	1.314.000	1.653.000	2.084.000
Accounts receivable	454.000	263.000	405.000
Liquid assets	345.000	70.000	106.000
Current assets	2.113.000	1.986.000	2.595.000
Total assets	2.133.000	1.987.000	2.599.000

Capital and reserves	1.071.000	995.000	1.033.000
Other short term debts			1.566.000
Total short term debt	1.062.000	992.000	1.566.000
Total debt	1.062.000	992.000	1.566.000
Total Liabilities	2.133.000	1.987.000	2.599.000

Company structure

• Wendrich Beheer B.V. (06055005) HENGELO OV

o T.T.M. Holland B.V. (06061131) Hengelo Subsidiary

o Esmarke Participations B.V. (08187239)

HENGELO OV

Subsidiary (100%) o Ingenieursbureau Wendrich & Co B.V. (08199223)

HENGELO OV

Subsidiary (100%)

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.55
UK Pound	1	Rs.85.48
Euro	1	Rs.68.70

INFORMATION DETAILS

Report Prepared by :

PRL

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.

Employees	Total: 2
Employees according to CoC	Chamber of commerce: 2
Bookyear	2012	2011	2010
Number	2	6	2
Change	-66,67%	200,00%	0,00%