MIRA INFORM REPORT

Report Date :

19.04.2013

IDENTIFICATION DETAILS

Name :	TRIVIUM TRADE B.V.

Registered Office :	Rijn 18 E, 2491BG 's-Gravenhage

Country :	Netherlands

Financials (as on) :	31.12.2011

Date of Incorporation :	06.01.2011

Com. Reg. No.:	51027356

Legal Form :	Limited company

Line of Business :	Wholesaler of other construction (building) materials

No. of Employees :	02

RATING & COMMENTS

MIRA’s Rating :

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 – June 30^th, 2012

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Netherlands

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

Netherlands - ECONOMIC OVERVIEW

The Dutch economy is the sixth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, a sizable trade surplus, and an important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for the food-processing industry and for exports. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009 as a result of the global financial crisis. The Dutch financial sector suffered, due in part to the high exposure of some Dutch banks to U.S. mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. The government also sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing fiscal consolidation measures in early 2011, mainly reductions in expenditures, which resulted in an improved budget deficit in 2011. In 2012 tax revenues dropped nearly 9%, GDP contracted, and the budget deficit deteriorated. Although jobless claims continued to grow, the unemployment rate remained relatively low at 6.8 percent.

Source : CIA

CONTACT INFORMATION

Company name	Trivium Trade B.V.

Tradename	Trivium Trade B.V.

Address	Rijn 18 E
	2491BG 's-Gravenhage
	Netherlands

Mail address	Rijn 18 E
	2491BG 's-Gravenhage
	Netherlands

Telephone number	0703010500
Telefax number	0703177142
Mobile phone	0681356816
E-mail address	info@triviumtrade.nl
Website	www.triviumtrade.com

VAT number / RSIN	823058657

Special remarks The parent company in 't Veen Holding B.V. is registered on the address in the

enquiry: Chr. van der Takstraat 16, 2662JG BERGSCHENHOEK.

COMPANY STRUCTURE

Shareholder	in 't Veen Holding B.V.
	Chr. van der Takstraat 16
	2662JG BERGSCHENHOEK
	Netherlands
	KvK: 51027135
	Active since: 04-01-2011
	Percentage: 100.00%

Holding company	in 't Veen Holding B.V.
	Chr. van der Takstraat 16
	2662JG BERGSCHENHOEK
	KvK: 51027135

Real estate	Lease
	The real estate is checked at the land registration office
	Object code: 'S-GRAVENHAGE BD BD 2757
	Owner: Korswagen Beleggingen B.V.

MANAGEMENT

Management in 't Veen Holding B.V.

Chr. van der Takstraat 16

2662JG BERGSCHENHOEK

Netherlands

KvK: 51027135

Authorization: Fully authorized

Position: Manager

Date appointed: 04-01-2011

FINANCIAL INFORMATION

Publication financial statement	Annual accounts 2011 are published on 07-12-2012
Type of publication	Corporate
Publication	Publication according to obligations by law

CORE FIGURES
BOOKYEAR	2011
Quick ratio	0,37
Current ratio	1,04
Nett workingcapital / Balance total	0,03
Capital and reserves / Balance total	0,08
Capital and reserves / Fixed assets	1,72
Solvency	0,09
Nett workingcapital	15.119
Capital and reserves	35.979

Annual accounts The company is obligated to publish its annual accounts

Last annual accounts 2011

Tendency Not to be judged because of the absence of sufficient financial information

Capital and reserves 2011 35.979

Total debt 2011 405.507

Current ratio 2011 1,04

Quick ratio 2011 0,37

Nett workingcapital 2011 15.119

Profitability Not to be judged

Solvency Limited

Liquidity Limited

Currency Euro

BALANCE sheet

BOOKYEAR	2011
End of bookyear	31-12-2011
Intangible assets	9.430
Tangible assets	6.321
Financial assets	5.109
Fixed assets	20.860

Stocks and work in progress	270.229
Accounts receivable	147.941
Liquid assets	2.456
Current assets	420.626
Total assets	441.486

Capital and reserves	35.979
Total short term debt	405.507
Total debt	405.507
Total Liabilities	441.486

History

Management Per 04-01-2011 manager 51027135 in 't Veen Holding B.V. appointed.

Company structure

in 't Veen Holding B.V. (51027135)

BERGSCHENHOEK

Trivium Trade B.V. (51027356)

's-Gravenhage

Subsidiary (100%)

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.03
UK Pound	1	Rs.82.43
Euro	1	Rs.70.49

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.

NACE-code	Wholesale of other construction (building) materials (51537)
SBI-code	Wholesale of sand and gravel (46735)
	Wholesale of other construction (building) materials (46738)
Formal objective	De handel, import en export van natuursteen waaronder tegels, voor binnen en buiten
	gebruik voor zowel de Nederlandse als de buitenlandse market.

Employees	Total: 2
Employees according to CoC	Chamber of commerce: 2
Bookyear	2013	2012	2010
Number	2	2	1
Change	0,00%	100,00%