MIRA INFORM REPORT

Report Date :

30.03.2013

IDENTIFICATION DETAILS

Correct Name :	IMPORT & EXPORT HANDELSMAATSCHAPPIJ

Registered Office :	Prins Hendrikkade 84 1012AE Amsterdam

Country :	Netherlands

Financials (as on) :	31.12.2011

Date of Incorporation :	19.02.2009

Com. Reg. No.:	34327653

Legal Form :	Limited Company

Line of Business :	Manufacturer of other agricultural and forestry machinery

No. of Employees :	03

RATING & COMMENTS

MIRA’s Rating :

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 – 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 fifth-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 of 3.8% of GDP.

Source : CIA

CONTACTINFORMATION

Company name	Import & Export Handelsmaatschappij " Rizenco" B.V.

Tradename	Import & Export Handelsmaatschappij " Rizenco" B.V.

Address	Prins Hendrikkade 84 1012AE Amsterdam Netherlands

Mail address	Prins Hendrikkade 84 1012AE Amsterdam Netherlands

Telephone number	0206269119
Telefax number	0206269305
E-mail address	unknown
Website	unknown

VAT number / RSIN	820457905

MANAGEMENT

Management	B. Soechit
	Bhanpersad
	Authorization: Fully authorized
	Position: Manager
	Date appointed: 16-02-2009
	Date of birth: 28-12-1949

FINANCIAL INFORMATION

Publication financial statement Annual accounts 2011 are published on 25-07-2012

Annual accounts 2010 are published on 02-08-2011

Type of publication Corporate

Publication Publication according to obligations by law

CORE FIGURES

BOOKYEAR	2011	2010
Quick ratio	9,12	9,30
Current ratio	9,12	9,30
Nett workingcapital / Balance total	0,78	0,88
Capital and reserves / Balance total	0,90	0,89
Capital and reserves / Fixed assets	7,51	53,58
Solvency	9,37	8,45
Nett workingcapital	291.891	306.423
Capital and reserves	336.722	312.251
Change capital and reserves	7,84%
change short term liabilities	-2,73%

Annual accounts The company is obligated to publish its annual accounts

Last annual accounts 2011

Tendency Declining

Tendency capital and reserves

Capital and reserves 2011 336.722

Total debt 2011 35.931

Current ratio 2011 9,12

Quick ratio 2011 9,12

Nett workingcapital 2011 291.891

Profitability Nil

Solvency More than sufficient

Liquidity More than sufficient

BALANCE sheet

BOOKYEAR	2011	2010
End of bookyear	31-12-2011	31-12-2010
Intangible assets	857	1.253
Tangible assets	43.974	4.575
Fixed assets	44.831	5.828

Accounts receivable	73.763	153.068
Liquid assets	254.059	190.295
Current assets	327.822	343.363
Total assets	372.653	349.191

Capital and reserves	336.722	312.251
Total short term debt	35.931	36.940
Total debt	35.931	36.940
Total Liabilities	372.653	349.191

Company structure

· Import & Export Handelsmaatschappij " Rizenco" B.V. (34327653)

Amsterdam

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.39
UK Pound	1	Rs.82.32
Euro	1	Rs.69.54

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.

Handelsregisternummer	34327653
Registered in	Chamber of commerce Amsterdam
First registration	19-02-2009
Act of foundation	16-02-2009
Date of constitution	16-02-2009
Legal form	Besloten Vennootschap (Limited Company)
Place of constitution	Amsterdam
Issued capital	250.000