MIRA INFORM REPORT

Report Date :

21.10.2013

IDENTIFICATION DETAILS

Name :	METHERMA METALLE + LEGIERUNGEN KG
Registered Office :	Arnheimer Str. 109, D 40489 Düsseldorf
Country :	Germany
Date of Incorporation :	07.02.1983
Com. Reg. No.:	HRA 15208
Legal Form :	Limited partnership
Line of Business :	Treatment and coating of metals
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

METHERMA METALLE + LEGIERUNGEN KG

Company Status: active

Arnheimer Str. 109

D 40489 Düsseldorf

Telephone:0211/408084-0

Telefax: 0211/4080071

Homepage: www.metherma.de

E-mail: molybdenum@metherma.de

VAT no.: DE223500441

Company identification

LEGAL FORM Limited partnership

Date of foundation: 07.02.1983

Registered on: 11.06.2002

Register of

companies: Local court 40227 Düsseldorf

under: HRA 15208

Total cap. contribution: EUR 99,000.00

Limited partner:

Tobias Strathmann

Zur Schwarzbachmündung 8

D 40489 Düsseldorf

born: 21.11.1988

Share: EUR 99,000.00

General partner:

Dieter F. Strathmann

Zur Schwarzbachmündung 8

D 40489 Düsseldorf

born: 04.10.1938

Profession: Businessman

Marital status: married

General partner:

METHERMA Verwaltungs GmbH

Arnheimer Str. 103

D 40489 Düsseldorf

Legal form: Private limited company

Share capital: EUR 25,000.00

Registered on: 25.04.2002

Reg. data: 40227 Düsseldorf, HRB 42397

Shareholder:

Dieter F. Strathmann

Zur Schwarzbachmündung 8

D 40489 Düsseldorf

born: 04.10.1938

Share: EUR 25,000.00

Manager:

Dieter F. Strathmann

Zur Schwarzbachmündung 8

D 40489 Düsseldorf

having sole power of representation

born: 04.10.1938

Profession: Businessman

Marital status: married

Further functions/participations of Dieter F. Strathmann (General

partner)

Shareholder:

Trophos Verwaltungs GmbH

Schulweg 12

D 40489 Düsseldorf

Legal form: Private limited company

Share capital: EUR 25,000.00

Share: EUR 25,000.00

Registered

on: 01.08.2002

Reg. data: 40227 Düsseldorf, HRB 42830

Shareholder:

METHERMA Verwaltungs GmbH

Arnheimer Str. 103

D 40489 Düsseldorf

Legal form: Private limited company

Share capital: EUR 25,000.00

Share: EUR 25,000.00

Registered

on: 25.04.2002

Reg. data: 40227 Düsseldorf, HRB 42397

Manager:

Trophos Verwaltungs GmbH

Schulweg 12

D 40489 Düsseldorf

Legal form: Private limited company

Share capital: EUR 25,000.00

Registered

on: 01.08.2002

Reg. data: 40227 Düsseldorf, HRB 42830

Manager:

METHERMA Verwaltungs GmbH

Arnheimer Str. 103

D 40489 Düsseldorf

Legal form: Private limited company

Share capital: EUR 25,000.00

Registered

on: 25.04.2002

Reg. data: 40227 Düsseldorf, HRB 42397

COMPANY HISTORY

04.03.1983 - 11.06.2002 METHERMA Metall + Legierungen GmbH

Arnheimer Str. 109

D 40489 Düsseldorf

Private limited company

11.06.2002 - 15.05.2007 METHERMA Metalle + Legierungen GmbH &

Co. KG

Arnheimer Str. 109

D 40489 Düsseldorf

Ltd partnership with priv. ltd. company

as general partner

BUSINESS ACTIVITIES

Main industrial sector

25610 Treatment and coating of metals

46722 Wholesale of non-ferrous ores, metals and metal semi-finished goods

FINANCIAL INFORMATION

Payment experience: within agreed terms

Negative information: We have no negative information at hand.

REAL ESTATE

Type of ownership: Tenant

Address Arnheimer Str. 109

D 40489 Düsseldorf

Real Estate of: Dieter F. Strathmann

Type of ownership: unknown

Address Zur Schwarzbachmündung 8

D 40489 Düsseldorf

Real Estate of: METHERMA Verwaltungs GmbH

Type of ownership: Tenant

Address Arnheimer Str. 103

D 40489 Düsseldorf

Land register documents were not available.

BANKERS

COMMERZBANK, DÜSSELDORF

Sort. code: 30040000, BIC: COBADEDDXXX

KREISSPARKASSE DÜSSELDORF, DÜSSELDORF

Sort. code: 30150200, BIC: WELADED1KSD

LANDESBANK HESSEN-THÜRINGEN GIROZENTRALE NL. DÜSSELDORF,

DÜSSELDORF

Sort. code: 30050000, BIC: WELADEDDXXX

FINANCIAL FIGURES

Financial year: 01.06. - 31.05.

Turnover: 2010/2011 EUR 232,000,000.00

2011/2012 EUR 231,000,000.00

further business figures:

Equipment: EUR 150,000.00

Ac/ts receivable: EUR 22,000,000.00

Liabilities: EUR 65,000,000.00

Employees: 15

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.28
UK Pound	1	Rs.99.03
Euro	1	Rs.83.80

INFORMATION DETAILS

Report Prepared by :

SDA

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.