MIRA INFORM REPORT

Report Date :

23.10.2013

IDENTIFICATION DETAILS

Name :	WEIR MINERALS NETHERLANDS B.V.
Registered Office :	9 Egtenrayseweg, VENLO 5928PH
Country :	Netherlands
Date of Incorporation :	31.12.1966
Com. Reg. No.:	12032525
Legal Form :	Private Limited Liability Company (BV) with Ordinary Structure
Line of Business :	Manufacture of Non-Hydraulic Pumps and Compressors
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 :	Unknown
Litigation :	Clear

NOTES :

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ECGC Country Risk Classification List – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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

Company Summary

Company Name Weir Minerals Netherlands B.V.

Company Registration Number 12032525

Country NL

Activity Code 2813

Activity Description Manufacture of other pumps and compressors

Company Status Other

Company Identification

Activities

Activity Code 2813

Activity Description Manufacture of Non-Hydraulic Pumps and Compressors

Basic Information

Company Name Weir Minerals Netherlands B.V.

Registered Company Name Weir Minerals Netherlands B.V.

Company Registration Number 12032525

Country NL

Date of Company Registration 31/12/1966

Legal Form Private limited liability company (BV) with ordinary structure

Company Status Other

Principal Activity Code 2813

Principal Activity Description Manufacture of other pumps and compressors

Contact Address 9 Egtenrayseweg, VENLO 5928PH

Contact Telephone Number 0773895200

Main Address

Address 9 Egtenrayseweg, VENLO 5928PH

Country NL

Other Addresses

Address 9 Egtenrayseweg, VENLO 5928PH

Telephone 0773895200

Web Addresses www.weirminerals.com

Current Directors Managers

Name Léon Pascal van Bijnen

Position Authorised Signatory

Share Capital Structure

Issued Share capital 50,000.00 (EUR)

Name Weir B.V.

Address 9 Egtenrayseweg, VENLO 5928PH

Share Percent 100.00 %

Extended Group Structure

Company Name	Registration Number	Status	Last Financials
0 WEIR GROUP HOLDINGS LIMITED	SC187227	Other	28/12/2012
1 Weir B.V.	120325310000	Other
2 Weir Minerals Netherlands B.V.	120325250000	Other

Additional Information

Miscellaneous

Ceased Trading Date

Exporter Yes

Importer No

Industry Comparison

Industry Avg Credit Limit 105,814.39 (EUR)

Industry Avg Credit Rating 52.31

Payment Expectations Summary

Payment Expectation Days Industry Avg Payment 43.58

Expectation Days

Day Sales Outstanding Industry Avg Day Sales 65.36

Outstanding

Suspension Of Payments Mora No

Negative Information

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.78
UK Pound	1	Rs.99.66
Euro	1	Rs.84.49

INFORMATION DETAILS

Report Prepared by :

NIT

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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