MIRA INFORM REPORT

Report Date :

13.08.2013

IDENTIFICATION DETAILS

Name :	ALLGAIER PROCESS TECHNOLOGY GMBH
Registered Office :	Ulmer Str. 75 D 73066 Uhingen
Country :	Germany
Date of Incorporation :	30.05.2008
Com. Reg. No.:	HRB 722351
Legal Form :	Private Limited Company
Line of Business :	Manufacture of other special-purpose machinery
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba

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, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
Germany	A1	A1

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

GERMANY - ECONOMIC OVERVIEW

The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.5% in 2012. GDP contracted 5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a reflection of low investment spending due to crisis-induced uncertainty and the decreased demand for German exports from recession-stricken periphery countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016 though the target was already reached in 2012. By 2014, the federal government wants to balance its budget. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production.

Source : CIA

Company name and address

Report on: ALLGAIER Process Technology GmbH

Company Status: active

Ulmer Str. 75

D 73066 Uhingen

Telephone:07161/301175

Telefax: 07161/34268

Homepage: www.allgaier.de

E-mail: process-technology@allgaier.de

VAT no.

DE814976036

CONCLUSION

Business relations are permissible. The company is considered

solvent for credits within its scope of business.

Registartion data

LEGAL FORM Private limited company

Date of foundation: 30.05.2008

Shareholders'

agreement: 30.05.2008

Registered on: 13.06.2008

Commercial Register: Local court 89073 Ulm

under: HRB 722351

Share capital

EUR 1,000,000.00

Shareholder

ALLGAIER WERKE GmbH

Ulmer Str. 75

D 73066 Uhingen

Post Box:

40, D 73062 Uhingen

Legal form: Private limited company

Share capital: EUR 23,200,000.00

Share: EUR 1,000,000.00

Registered on: 31.08.1999

Reg. data: 89073 Ulm, HRB 533045

Profit transfer agreement

Manager:

Klaus Hardt

D 73033 Göppingen

born: 29.08.1955

Profession: graduate engineer

Marital status: married

Manager:

Helmar Aßfalg

Friedrichstr. 26

D 73033 Göppingen

born: 17.05.1960

Profession: Fully qualified economic

engineer

Manager:

Gerd Plettendorf

Katharinenstr. 59

D 73728 Esslingen

born: 27.06.1956

Proxy:

Helmut Illig

D 73630 Remshalden

born: 26.12.1953

Proxy:

Jochen Brenk

D 75236 Kämpfelbach

born: 24.05.1962

Proxy:

Dr. Mathias Trojosky

D 73230 Kirchheim

born: 05.01.1960

FURTHER FUNCTIONS/PARTICIPATIONS OF KLAUS HARDT (MANAGER)

Manager:

virto equipment GmbH

Drosselweg 9

D 73066 Uhingen

Legal form: Private limited company

Share capital: EUR 25,000.00

Registered

on: 09.08.2010

Reg. data: 89073 Ulm, HRB 725418

FURTHER FUNCTIONS/PARTICIPATIONS OF HELMAR ASSFALG (MANAGER)

Manager:

ALLGAIER Automotive GmbH

Ulmer Str. 75

D 73066 Uhingen

Legal form: Private limited company

Share capital: EUR 1,000,000.00

Registered

on: 16.06.2008

Reg. data: 89073 Ulm, HRB 722356

Manager:

ALLGAIER WERKE GmbH

Ulmer Str. 75

D 73066 Uhingen

Post Box:

40, D 73062 Uhingen

Legal form: Private limited company

Share capital: EUR 23,200,000.00

Registered

on: 31.08.1999

Reg. data: 89073 Ulm, HRB 533045

FURTHER FUNCTIONS/PARTICIPATIONS OF GERD PLETTENDORF (MANAGER)

Manager:

ALLGAIER Automotive GmbH

Ulmer Str. 75

D 73066 Uhingen

Legal form: Private limited company

Share capital: EUR 1,000,000.00

Registered

on: 16.06.2008

Reg. data: 89073 Ulm, HRB 722356

Manager:

ALLGAIER WERKE GmbH

Ulmer Str. 75

D 73066 Uhingen

Post Box:

40, D 73062 Uhingen

Legal form: Private limited company

Share capital: EUR 23,200,000.00

Registered

on: 31.08.1999

Reg. data: 89073 Ulm, HRB 533045

BUSINESS ACTIVITIES

Main industrial sector

28990 Manufacture of other special-purpose machinery n.e.c.

4669 Wholesale of other machinery, equipment and supplies

BRANCHES AND FACTORIES

Branch:

ALLGAIER Process Technology GmbH

Adolf-Safft-Str. 10

D 73037 Göppingen

TEL.: 07161/301-101

FAX.: 07161/301-5035

FINANCIAL INFORMATION

Payment experience: within agreed terms

Negative information:We have no negative information at hand.

REAL ESTATE

Type of ownership: Tenant

Address Ulmer Str. 75

D 73066 Uhingen

Land register documents were not available.

BANKERS

COMMERZBANK, GÖPPINGEN

Sort. code: 61040014, BIC: COBADEFF610

KREISSPARKASSE GÖPPINGEN, GÖPPINGEN

Sort. code: 61050000, BIC: GOPSDE6GXXX

BADEN-WÜRTTEMB.BANK/LANDESBANK BADEN-WÜRTTEMB., GÖPPINGEN

Sort. code: 61050181, BIC: SOLADEST870

FINANCIAL FIGURES

Financial year: 01.01. - 31.12.

Share capital: EUR 1,000,000.00

The number of employees is not known.

Profit transfer agreement to:

ALLGAIER WERKE GmbH

Ulmer Str. 75

D 73066 Uhingen

Post Box:

40, D 73062 Uhingen

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.80
UK Pound	1	Rs.94.21
Euro	1	Rs.81.03

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.