MIRA INFORM REPORT

Report Date :

26.03.2012

IDENTIFICATION DETAILS

Name :	MILLHOUSE HOLDING B.V.

Registered Office :	Florijnweg 5 a, 6883JN Velp

Country :	Netherlands

Financials (as on) :	2008

Date of Incorporation :	20.04.2004

Com. Reg. No.:	09141541

Legal Form :	Besloten Vennootschap

Line of Business :	Agents Involved in the Sale of Machinery

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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 :	Moderate

Payment Behaviour :	Unknown

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, 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	Millhouse Holding B.V.
Tradename	Millhouse Holding B.V.
Address	Florijnweg 5 a
	6883JN Velp
	Netherlands
Mail address	Postbus 3083
	6802DB Arnhem
	Netherlands
Mobile phone	0627030313
E-mail address	Unknown
Website	Unknown
VAT number / RSIN	813291008

CREDIT LIMIT

Credit limit

Cash payments are preferred.

COMPANY STRUCTURE

Shareholder Arnold Gijsbert Reinten

Active since: 18-07-2006

Percentage: 100.00%

Subsidiary EMCG B.V.

Florijnweg 5

6883JN VELP GLD

KvK: 09115904

Bank	ABN Amro Bank NV
	Rabobank Netherlands
	Account number: 10.18.79.083

Real estate	Lease
	The real estate is checked at the land registration office
	Object code: VELP (GLD) C 1431
	Owner: WENTINK BEHEER BV,

MANAGEMENT

Management	A.G. Reinten
	Arnold Gijsbert
	Authorization: Limited authorization
	Position: General director
	Date appointed: 18-07-2006
	Date of birth: 15-05-1965
	Other directorships:
	- Manager: EMCG B.V. - VELP GLD (KvK: 09115904)

PAYMENT INFORMATION

Payment experiences

There are no payment experiences known

FINANCIAL INFORMATION

Publication financial statement Annual accounts 2008 are published on 18-05-2010

Annual accounts 2007 are published on 23-06-2010

Type of publication corporate

Publication Although the statutory deadline, the company's annual documents are not yet published in the register of the Chamber of Commerce.

CORE FIGURES
BOOKYEAR	2008	2006	2005
Quick ratio	0,99
Current ratio	0,99
Nett workingcapital / Balance total	-0,01
Capital and reserves / Balance total	0,03
Capital and reserves / Fixed assets	0,65
Solvency	0,03
Nett workingcapital	-15.000
Capital and reserves	30.000	26.000	22.000

Annual accounts Although the statutory deadline, the company's annual documents are not yet published in the register of the Chamber of Commerce

Last annual accounts 2008

Tendency Not to be judged

Capital and reserves 2008 30.000

Total debt 2008 1.028.000

Current ratio 2008 0,99

Quick ratio 2008 0,99

Nett workingcapital 2008 -15.000

Profitability Not to be judged

Solvency Not to be judged

Liquidity Not to be judged

Currency Euro

BALANCE

BOOKYEAR	2008	2006	2005
End of bookyear	31-12-2008	31-12-2006	31-12-2005
Financial assets	46.000	46.000	46.000
Fixed assets	46.000	46.000	46.000

Accounts receivable	978.000	980.000	725.000
Liquid assets	35.000	140.000	2.000
Current assets	1.013.000	1.120.000	727.000
Total assets	1.059.000	1.166.000	773.000

Capital and reserves	30.000	26.000	22.000
Other short term debts	1.028.000	1.140.000	751.000
Total short term debt	1.028.000	1.140.000	751.000
Total debt	1.028.000	1.140.000	751.000
Total Liabilities	1.059.000	1.166.000	773.000

Company structure

• Millhouse Holding B.V. (09141541) Velp

o EMCG B.V. (09115904)

VELP GLD

Subsidiary (100%)

Description creditscore:

= Insolvent / Activities ceased

= Insufficient data

= Very high risk

= High Risk

= Increased risk

= Medium Risk

= Reduced Risk

= Low risk

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.90
UK Pound	1	Rs.80.77
Euro	1	Rs.67.40

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.

Handelsregisternummer	09141541
Registered in	Chamber of commerce Centraal Gelderland
First registration	21-04-2004
Act of foundation	20-04-2004
Date of constitution	01-01-2004
Continuation date	20-04-2004
Legal form	Besloten Vennootschap
Place of constitution	Arnhem