MIRA INFORM REPORT

Report Date :

27.08.2013

IDENTIFICATION DETAILS

Name :	OSTP ITALY SRL
Registered Office :	Via Dodici Ottobre , 2, 16121 Genova (Ge)
Country :	Switzerland
Financials (as on) :	2012
Date of Incorporation :	12.12.2011
Com. Reg. No.:	02078570997
Legal Form :	Sole Shareholder Limited Liability Company
Line of Business :	Wholesaler of iron and steel products
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 :	Slow but Correct
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)
Switzerland	A1	A1

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

Switzerland ECONOMIC OVERVIEW

Switzerland is a peaceful, prosperous, and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. Switzerland's economy benefits from a highly developed service sector, led by financial services, and a manufacturing industry that specializes in high-technology, knowledge-based production. Its economic and political stability, transparent legal system, exceptional infrastructure, efficient capital markets, and low corporate tax rates also make Switzerland one of the world's most competitive economies. The Swiss have brought their economic practices largely into conformity with the EU's to enhance their international competitiveness, but some trade protectionism remains, particularly for its small agricultural sector. The fate of the Swiss economy is tightly linked to that of its neighbors in the euro zone, which purchases half of all Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled export demand and put Switzerland in a recession. The Swiss National Bank (SNB) during this period effectively implemented a zero-interest rate policy to boost the economy as well as prevent appreciation of the franc, and Switzerland's economy recovered in 2010 with 3.0% growth. The sovereign debt crises currently unfolding in neighboring euro-zone countries pose a significant risk to Switzerland's financial stability and are driving up demand for the Swiss franc by investors seeking a safe-haven currency. The independent SNB has upheld its zero-interest rate policy and conducted major market interventions to prevent further appreciation of the Swiss franc, but parliamentarians have urged it to do more to weaken the currency. The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell to 1.9% in 2011 and 0.8% in 2012. Switzerland has also come under increasing pressure from individual neighboring countries, the EU, the US, and international institutions to reform its banking secrecy laws. Consequently, the government agreed to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The government has renegotiated its double taxation agreements with numerous countries, including the US, to incorporate the OECD standard, and is considering the possibility of imposing taxes on bank deposits held by foreigners. These steps will have a lasting impact on Switzerland's long history of bank secrecy.

Source : CIA

Company Summary

Company Name OSTP ITALY SRL

Company Registration Number 02078570997

Country IT

Activity Code 5051

Activity Description COMMERCIO ALL'INGROSSO DI

PRODOTTI IN FERRO E ACCIAIO DAL 01/02/2013

(WHOLESALE PRODUCTS OF IRON AND STEEL)

Latest Turnover 0.00 (EUR)

Latest Shareholders Equity 65,019.00 (EUR)

Profit Before Tax 47,160.00 (EUR)

Company Identification

Activities

Activity Code 5051

Activity Description COMMERCIO ALL'INGROSSO DI PRODOTTI IN FERRO E ACCIAIO DAL 01/02/2013

(Wholesale products of iron and steel from 01/02/2013)

Basic Information

Company Name OSTP ITALY SRL

Registered Company Name OSTP ITALY SRL

Company Registration Number 02078570997

Country IT

VAT Registration Number 02078570997

VAT Registration Date 12/12/2011

Date of Company Registration 12/12/2011

Date of Starting Operations 01/02/2013

Legal Form SOLE SHAREHOLDER LIMITED LIABILITY COMPANY

Company Status A

Contact Address

VIA DODICI OTTOBRE ,

2, 16121 GENOVA (GE)

Main address

Address VIA DODICI OTTOBRE , 2, 16121 GENOVA (GE)

Country IT

Other Addresses

Address LAMBRO, 20090 OPERA (MI)

Country IT

Current Directors Managers

Name ANDREA GATTI

Address VIA SANT'ILARIO , 52, 16167 GENOVA (GE)

Gender Male

Date of Birth 25/11/1962

Position COUNCILLOR

Date Appointed 01/02/2013

Name GIOVANNI BENITO LOMBARDO

Address VIA CORREGGIO , 3, 20149 MILANO (MI)

Gender Male

Date of Birth 13/01/1939

Position COUNCILLOR

Date Appointed 01/02/2013

Name SERGIO SCAMPINI

Address VIA CANEGRATE , 47, 20020 BUSTO GAROLFO (MI)

Gender Male

Date of Birth 27/03/1963

Position COUNCILLOR

Date Appointed 01/02/2013

Name KALLE-PEKKA JUHANI LUOTO

Address RIIHITONTUNTIE , 7B, 00000 ESPOO

Gender Male

Date of Birth 02/05/1967

Position COUNCILLOR

Date Appointed 01/02/2013

Name ROBERTA GATTI

Address VLE MASSAUA , 2/4, 16131 GENOVA (GE)

Gender Female

Date of Birth 26/12/1967

Position SOLICITOR

Date Appointed 08/04/2013

Name OSTP HOLDING OY

Address RIIHITONTUNTIE , ESPOO

Position SOLE PARTNER

Date Appointed 12/12/2011

Share Capital Structure

Nominal Share Capital 100,000.00 (EUR)

Issued Share capital 100,000.00 (EUR)

Financial Statements

Profit & Loss

Financial Year 2012 2011 2010

Number of Weeks 0 0 0

Currency EUR EUR EUR

Operating Profit -47,248.00 0.00 0.00

Balance Sheet

Financial Year 2012 2011 2010

Number of Weeks 0 0 0

Currency EUR EUR EUR

Other Tangible Assets 2,102,679.00 0.00 0.00

Total Tangible Assets 2,102,679.00

Total Intangible Assets 24,431.00

Investments 0.00 0.00 0.00

Loans to Group 0.00

Miscellaneous

Fixed Assets 973.00 0.00 0.00

Total Other Fixed Assets 973.00 0.00 0.00

Total Fixed Assets 2,128,083.00 0.00 0.00

Raw Materials 0.00

Other Inventories 0.00 0.00 0.00

Total Inventories 0.00

Trade Receivables 0.00

Miscellaneous Receivables 158,554.00 0.00 0.00

Total Receivables 158,554.00

Cash 92,305.00

Other Current Assets 1.00 0.00 0.00

Total Current Assets 250,860.00 0.00 0.00

Total Assets 2,378,943.00

Trade Payables 18,075.00

Bank Liabilities 0.00

Miscellaneous Liabilities 13,849.00 0.00 0.00

Total Current Liabilities 31,924.00 0.00 0.00

Bank Liabilities due

after 1 year 0.00

Miscellaneous Liabilities

due after 1 year

Total Long Term Liabilities 2,282,000.00 0.00 0.00

Total Liabilities 2,313,924.00 0.00 0.00

Called Up Share Capital 100,000.00

Share Premium 0.00

Other Reserves -34,981.00 0.00 0.00

Total Shareholders Equity 65,019.00

Other Financials

Working Capital 218,936.00 0.00 0.00

Net Worth 40,588.00 0.00 0.00

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.64.23
UK Pound	1	Rs.100.01
Euro	1	Rs.85.93

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.