MIRA INFORM REPORT

Report Date :

19.11.2012

IDENTIFICATION DETAILS

Name :	HELL GRAVURE SYSTEMS GMBH & CO. KG
Registered Office :	Philipp-Reis-Weg 5, 24148 Kiel, Post Box: 6005
Country :	Germany
Date of Incorporation :	21.02.1997
Com. Reg. No.:	HRA 5497 KI
Legal Form :	Ltd partnership with priv. ltd. company as general partner
Line of Business :	Manufacture of other general-purpose machinery

RATING & COMMENTS

MIRA’s Rating :

A

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
Payment Behaviour :	No Complaints
Litigation :	Clear

Company name & address

HELL GRAVURE SYSTEMS GMBH & CO. KG

Philipp-Reis-Weg 5

24148 Kiel

Post Box: 6005

Telephone: 0431/2377-0

Telefax: 0431/2377-1235

Homepage: www.hell-gravure-systems.com

E-Mail: info@hell-gravuren-systems.com

VAT no

DE812178712

Tax ID number

19 296 02991

CONCLUSION

Business relations are permissible.

Synthesis

LEGAL FORM Ltd partnership with priv. ltd. company as

general partner

Date of foundation: 21.02.1997

Begin of

Business activities: 21.02.1997

Registered on: 21.12.2006

Register of Local court 24114 KIEL

companies:

under: HRA 5497 KI

Total cap. contribution: EUR 2.000.000,00

General partner

Hell Gravure Beteiligungs GmbH

Philipp-Reis-Weg 5

24148 Kiel

Legal form: Private limited company

Share capital: EUR 25.000,00

Reg. Data: 08.09.2006

HRB 8368 KI

24114 KIEL

Shareholder

Maximilian (gen. Max) Rid

Bertelestr. 45

81479 München

born 21.08.1961

Share: EUR 25.000,00

Manager

Dr. Ing. Jörg Pohe

57339 Erndtebrück

having sole power of representation

born 23.07.1963

Marital status: married

Limited partner

Maximilian (gen. Max) Rid

Bertelestr. 45

81479 München

born 21.08.1961

Share: EUR 2.000.000,00

Proxy

Ulrich Knehans

24103 Kiel

authorized to jointly represent the company

born 03.10.1948

Occupation: graduate engineer

Proxy:

Horst Bick

23758 Oldenburg

authorized to jointly represent the company

born 05.12.1960

Occupation: Fully qualified Economist

BUSINESS HISTORY

Beginning of business activities:21.02.1997

21.02.1997 Hell Gravure Systems Gesellschaft mit beschränkter Haftung

Dr.-Hell-Str.

24107 Kiel

Private limited company

BUSINESS ACTIVITIES

28290

Manufacture of other general-purpose machinery

96090

Other service activities n. e. c.

PARTICIPATION

Shareholder:

GTC electronic GmbH

Schwanenweg 26

24235 Laboe

Legal form: Private limited company

Share capital: EUR 25.600,00

Share: EUR 25.600,00

Reg. Data: 13.09.1990

HRB 1918 PL

24114 KIEL

FINANCIAL INFORMATION

Payment experience: cash discount/within agreed terms

REAL ESTATE

Type of ownership: Tenant

Address Philipp-Reis-Weg 5

24148 Kiel

Private real estate

Name Hell Gravure Beteiligungs GmbH

Type of ownership: Tenant

Address Philipp-Reis-Weg 5

24148 Kiel

Land register documents were not available.

BANKERS

COMMERZBANK, KIEL

Sort. code: 21040010

DEUTSCHE BANK, KIEL

Sort. code: 21070020

FIGURES

Financial year: 01.01. - 31.12.

Total cap. contribution: EUR 2.000.000,00

Value of stocks: EUR 5.606.540,00

Equipment: EUR 762.461,00

Ac/ts receivable: EUR 4.633.560,00

Liabilities: EUR 1.400.997,00

Real estate of the firm: EUR 158.187,00

Employees: 134

- Salaried employees: 95

- Workers: 39

The aforementioned business figures may partly be estimated information based on average values in the line of business.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.97
UK Pound	1	Rs.87.50
Euro	1	Rs.70.16

INFORMATION DETAILS

Report Prepared by :

MNL

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.