MIRA INFORM REPORT

Report Date :

21.07.2012

IDENTIFICATION DETAILS

Name :	INTRAC AS
Registered Office :	Møllevej 9 L19 2990 Nivå
Country :	Denmark
Financials (as on) :	30.06.2011
Date of Incorporation :	24.11.2006
Com. Reg. No.:	30070070 AS
Legal Form :	Limited company
Line of Business :	Other retail sale of new goods in specialised store
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
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)
Denmark	A2	A2

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

Company ID 

Main name             INTRAC A/S

Main address          MØLLEVEJ 9 L19

City                  2990 NIVÅ

Country               Denmark

Phone-no.             +45-70-126000

Nat. partner ID-no.   1363950

ID-/Reg.-no.          30070070 A/S

Legal form            Limited company

Company Status        Active

Latest change         2012-03-23

Activity 

Activity             47.78 Other retail sale of new goods in specialised stor

No of employees empl 0

Management Information 

Management           RAMAN AHLUWALIA

Board of directors   MIA NICOLINI (Chairman of the board)

                     PROMILA AHLUWALIA (Member of the board)

                     RAMAN AHLUWALIA (Member of the board)

Historical Data

Established          2006

Registered           2006-11-24

Financial data 

Currency             Danish Krone

Closing date                 2011-06-30        2010-06-30        2009-06-30

Source                      Ann. report       Ann. report       Ann. report

Ordinary result                 145.000           361.000           -25.000

Tax                              37.000            64.000

Annual result                   108.000           297.000           -25.000

Assets 

Fixed assets                    401.000           446.000

Current assets                1.134.000           992.000           716.000

Liabilities 

Equity capital                  586.000           478.000           181.000

Share capital                   500.000           500.000           500.000

Short-term debts                949.000           960.000           535.000

Company Ratios 

Gearing I                        512,97          3.000,00            295,58

Acid test ratio I                119,49            103,33            133,83

Acid test ratio II               109,48            103,33            133,83

Return on investment              10,10             24,48             -0,70

Return on equity                  24,74             75,52            -13,81

Solvency ratio                    38,18             33,24             25,28

Property 

Property             No

Payment profile

Payment profile      Payment regular

Credit Summary 

Risk class           Moderate

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.15
UK Pound	1	Rs.86.58
Euro	1	Rs.67.60

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%)

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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.