MIRA INFORM REPORT

Report Date :

13.12.2013

IDENTIFICATION DETAILS

Name :	JMD METAL TRADE B.V.
Registered Office :	Siriusdreef 17, 2132WT Hoofddorp
Country :	Netherlands
Date of Incorporation :	25.07.2012
Com. Reg. No.:	55758657
Legal Form :	Private Company
Line of Business :	Wholesaler of iron, steel scrap and used nonferrous metals
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 :	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)
Netherlands	A1	A1

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

Summary

Summary

Company name JMD Metal Trade B.V.

Operative address Siriusdreef 17

2132WT Hoofddorp

Netherlands

Legal form Besloten Vennootschap (private Company)

Registration number KvK-number: 55758657

VAT-number 851849040

Contact information

Company name JMD Metal Trade B.V.

Trade names JMD Metal Trade B.V.

Operative address Siriusdreef 17

2132WT Hoofddorp

Netherlands

Correspondence address Siriusdreef 17

2132WT Hoofddorp

Netherlands

Telephone number 0235689100

Registration

Registration number KvK-number: 55758657

Registered in Kamer van Koophandel Amsterdam

Branch number 000025378589

VAT-number 851849040

Status Active

First registration

company register 2012-07-26

Memorandum 2012-07-25

Establishment date 2012-07-25

Legal form Besloten Vennootschap (private Company)

Last proposed admendment 2013-05-14

Activities

SBI Wholesale of iron, steel scrap and used nonferrous metals (46772)

Exporter Yes

Importer Yes

Goal De im- en export van, alsmede het opslaan, verkopen en handelen (groothandelen) in

staalen metaalproducten

(The import and export, as well as storing, selling and acting (big deal) in

steels metal products)

Relations

Shareholders D&K Group B.V.

Siriusdreef 17

2132WT HOOFDDORP

Netherlands

Registration number: 557544490000

Percentage: 100.00%

Companies on same address Amount: 48

Management

Active management D&K Group B.V.

Siriusdreef 17

2132WT HOOFDDORP

Netherlands

Registration number: 557544490000

Competence: Fully authorized

Function: Manager

Starting date: 2013-07-01

Payments

Payment

Description The payments are regular

Analysis

Branch (SBI) Groothandel en Wholesale on a fee or contract basis (niet in auto’s en

motorfietsen) (46)

Region Kennemerland

· In the Netherlands 107516 of the companies are registered with the SBI code 46

· In the region Kennemerland 2893 of the companies are registered with the SBI code 46

· In the Netherlands 2108 of the bankrupcties are published within this sector

· In the region Kennemerland 47 of the bankruptcies are published within this sector

· The risk of this specific sector in the Netherlands is normal

· The risk of this specific sector in the region Kennemerland is normal

Publications

Functions 23-08-2013: Per 01-07-2013 is bestuurder 55754449 D&K Group B.V. in functie

getreden.

23-08-2013: Per 01-07-2013 is bestuurder Dhruv Neeraj Kochhar uit functie getreden.

27-07-2012: Per 25-07-2012 is bestuurder Dhruv Neeraj Kochhar in functie getreden.

Amendments 16-05-2013: Per 14-5-2013 statuten gewijzigd.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.62
UK Pound	1	Rs.100.84
Euro	1	Rs.84.98

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%)

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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.