MIRA INFORM REPORT

Report Date :

09.12.2013

IDENTIFICATION DETAILS

Name :	HELMUT FELDTMANN KG
Registered Office :	Zunftstr. 28, D 21244 Buchholz
Country :	Germany
Year of Establishments:	1942
Com. Reg. No.:	HRA 1942
Legal Form :	Limited partnership
Line of Business :	Wholesaler of Rain protection clothes
No. of Employees :	104

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 – September 30th, 2013

Country Name	Previous Rating (30.06.2013)	Current Rating (30.09.2013)
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 & address

Helmut Feldtmann KG

Zunftstr. 28

D 21244 Buchholz

Telephone: 04181/20040

Telefax: 04181/200440

Homepage: www.feldtmann.de

E-mail: info@feldtmann.de

Company Status

active

VAT no

DE114965903

Tax ID number

15/226/26007

CONCLUSION

Business relations are permissible.

Synthesis

LEGAL FORM Limited partnership

Date of foundation: 1942

Begin of business

activities: 01.01.1973

Registered on: 06.11.1991

Register of

companies: Local court 21255 Tostedt

under: HRA 1942

Total cap. contribution: EUR 890,000.00

Limited partner

Thomas Feldtmann

D 21227 Bendestorf

born: 19.10.1974 in Hamburg

Share: EUR 445,000.00

Limited partner:

Meike Meyer

D 21224 Rosengarten

born: 10.11.1977

née: Feldtmann

Share: EUR 445,000.00

General partner

Carsten Otto Feldtmann

Meyersche Weg 28

D 21244 Buchholz

born: 12.12.1947 in Hamburg

Profession: Businessman

Marital status: married

Proxy

Andreas Bendt

D 21244 Buchholz

having sole power of representation

born: 20.04.1956 in Delmenhorst

Profession: Businessman

Marital status: married

Further functions/participations of Carsten Otto Feldtmann (General partner)

Limited partner:

Contrium 1 Private Equity Fonds GmbH & Co.

KG

Holländischer Brook 3

D 20457 Hamburg

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap. EUR 605,510.00

contribution:

Share: EUR 50,000.00

Registered

on: 30.11.2006

Reg. data: 20355 Hamburg, HRA 104961

COMPANY HISTORY

01.01.1973 - 05.11.1991 Helmut Feldtmann KG (AG Hamburg, HRA

72483)

Billstr. 77

D 20539 Hamburg

Limited partnership

BUSINESS ACTIVITIES

Sectors

· 46421 Wholesaler of Rain protection clothes

46693 Wholesale of other equipment and accessories for machinery and technical supplies

BRANCHES AND FACTORIES

Works:

Helmut Feldtmann KG

Maurerstr. 14

D 21244 Buchholz

TEL.: 04181/290587

Works:

Helmut Feldtmann KG

Maurerstr. 38

D 21244 Buchholz

PARTICIPATIONS

General partner:

AGKI Arbeitsgemeinschaft der

Körperschutzimporteure GbR

D 21244 Buchholz

Legal form: Partnership under the Civil Code

Company Status: active

FINANCIAL INFORMATION

Payment experience: within agreed terms

Negative information: We have no negative information at hand.

REAL ESTATE

Type of ownership: proprietor

Share: 100.00 %

Address Zunftstr. 28

D 21244 Buchholz

Type of ownership: proprietor

Share: 100.00 %

Address Maurerstr. 38

D 21244 Buchholz

Real Estate of: Carsten Otto Feldtmann

Type of ownership: proprietor

Share: 100.00 %

Address Meyersche Weg 28

D 21244 Buchholz

Land register documents were not available.

BANKERS

Principal bank

HAMBURGER SPARKASSE, HAMBURG

Sort. code: 20050550, BIC: HASPDEHHXXX

Further banks

HAMBURGER SPARKASSE, BUCHHOLZ IN DER NORDHEIDE

Sort. code: 20050550, Account no.: 1383126222, BIC: HASPDEHHXXX

SPARKASSE HARBURG-BUXTEHUDE, BUCHHOLZ IN DER NORDHEIDE

Sort. code: 20750000, Account no.: 3036100, BIC: NOLADE21HAM

VOLKSBANK LÜNEBURGER HEIDE, WINSEN (LUHE)

Sort. code: 24060300, BIC: GENODEF1NBU

FINANCIAL FIGURES

Financial year: 01.07. - 30.06.

Turnover: 2010/2011 EUR 67,000,000.00

2011/2012 EUR 70,000,000.00

2012/2013 EUR 70,000,000.00

further business figures:

Equipment: *EUR 654,500.00

Ac/ts receivable: *EUR 2,524,500.00

Liabilities: *EUR 4,581,500.00

Total numbers of vehicles: 6

- Lorries: 3

- Passenger cars: 3

Employees: 104

- Part-time employees: 3

- Trainees: 9

- Temporary workers: 3

The business figures marked with an asterisk are estimates based on average values in the line of business.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.67
UK Pound	1	Rs.100.65
Euro	1	Rs.84.25

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.