MIRA INFORM REPORT

Report Date :

09.12.2014

IDENTIFICATION DETAILS

Name :	EMBA TRADING GMBH
Registered Office :	Tepler Str. 7, D 35510 Butzbach
Country :	Germany
Financials (as on) :	31.12.2012
Date of Incorporation :	07.12.1994
Legal Form :	Private limited company
Line of Business :	Wholesale of other machinery
No of Employees :	2

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 :	Slow But Correct
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 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
Germany	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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

EMBA Trading GmbH

Tepler Str. 7

D 35510 Butzbach

Telephone:06033/9731-0

Telefax: 06033/9731-11

Homepage: www.EMBA.com

E-mail: EMBA-Trading-GmbH@t-online.de

Company Status

Active

Company details

LEGAL FORM Private limited company

Date of foundation: 07.12.1994

Shareholders'

agreement: 07.12.1994

Registered on: 07.02.2002

Commercial Register: Local court 61169 Friedberg

under: HRB 2824

Share capital: EUR 25,564.59

Shareholder

Berg Industries International AB Stockholm

S .

Legal form: Other legal form

Share: EUR 25,564.59

Manager:

Otfried Anton Riehl

D 35510 Butzbach

Manager:

Anders Berg

Strandrägen 53

S 11523 Stockholm

born: 11.01.1943

Nationality: Swedish

COMPANY HISTORY

01.02.1995 - 31.12.1995 EMBA Vertriebs GmbH

Ober der Röth 4

D 65824 Schwalbach

Private limited company

01.01.1996 - 06.02.2002 EMBA Vertriebs GmbH

Pfingstbrunnenstr. 62

D 65824 Schwalbach

Private limited company

BUSINESS ACTIVITIES

Main industrial sector

46692 Wholesale of other machinery

FINANCIAL INFORMATION

Payment experience: within periods customary in this trade

Negative information:We have no negative information at hand.

Balance sheet year: 2012

REAL ESTATE

Type of ownership: Tenant

Address Tepler Str. 7

D 35510 Butzbach

Land register documents were not available.

BANKERS

COMMERZBANK, 35503 BUTZBACH

Sort. code: 51540037

BIC: COBADEFFXXX

SVENSKA HANDELSBANKEN DEUTSCHLAND, 60598 FRANKFURT AM MAIN

Sort. code: 51420600

BIC: HANDDEFFXXX

FINANCIAL FIGURES

Profit: 2012 EUR 1,261.00

Ac/ts receivable: EUR 94,226.00

Liabilities: EUR 984,137.00

Employees: 2

- thereof permanent staff: 1

- Part-time employees: 1

BALANCE SHEETS

Balance sheet ratios 01.01.2012 - 31.12.2012

Equity ratio [%]: 7.72

Liquidity ratio: 0.10

Return on total capital [%]: 0.11

Balance sheet ratios 01.01.2011 - 31.12.2011

Equity ratio [%]: 10.84

Liquidity ratio: 0.36

Return on total capital [%]: 5.32

Balance sheet ratios 01.01.2010 - 31.12.2010

Equity ratio [%]: 2.92

Liquidity ratio: 0.94

Return on total capital [%]: -4.00

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]: 9.02

Liquidity ratio: 0.61

Return on total capital [%]: 0.50

Equity ratio

The equity ratio indicates the portion of the equity as compared to the total capital. The higher the equity ratio, the better the economic stability (solvency) and thus the financial autonomy of a company.

Liquidity ratio

The liquidity ratio shows the proportion between adjusted receivables and net liabilities. The higher the ratio, the lower the company's financial dependancy from external creditors.

Return on total capital

The return on total capital shows the efficiency and return on the total capital employed in the company. The higher the return on total capital, the more economically does the company work with the invested capital.

Type of balance sheet: Company balance sheet

Financial year: 01.01.2012 - 31.12.2012

ASSETS EUR 1,097,966.61

Fixed assets EUR 9,030.00

Intangible assets EUR 669.00

Tangible assets EUR 8,361.00

Current assets EUR 1,084,350.04

Stocks EUR 909,484.66

Accounts receivable EUR 94,226.26

Liquid means EUR 80,639.12

Remaining other assets EUR 4,586.57

Accruals (assets) EUR 4,586.57

LIABILITIES EUR 1,097,966.61

Shareholders' equity EUR 85,029.22

Capital EUR 25,564.59

Subscribed capital (share capital) EUR 25,564.59

Balance sheet profit/loss (+/-) EUR 59,464.63

Profit / loss brought forward EUR 58,203.52

Annual surplus / annual deficit EUR 1,261.11

Provisions EUR 28,800.00

Liabilities EUR 984,137.39

Type of balance sheet: Company balance sheet

Financial year: 01.01.2011 - 31.12.2011

ASSETS EUR 768,203.03

Fixed assets EUR 12,651.00

Intangible assets EUR 1,063.00

Other / unspecified intangible assetsEUR 1,063.00

Tangible assets EUR 11,588.00

Other / unspecified tangible assets EUR 11,588.00

Current assets EUR 746,019.97

Stocks EUR 479,957.17

Accounts receivable EUR 202,362.28

Other debtors and assets EUR 202,362.28

Liquid means EUR 63,700.52

Remaining other assets EUR 9,532.06

Accruals (assets) EUR 9,532.06

LIABILITIES EUR 768,203.03

Shareholders' equity EUR 83,768.11

Capital EUR 25,564.59

Subscribed capital (share capital) EUR 25,564.59

Balance sheet profit/loss (+/-) EUR 58,203.52

Profit / loss brought forward EUR 17,391.94

Annual surplus / annual deficit EUR 40,811.58

Provisions EUR 59,560.00

Liabilities EUR 624,874.92

Other liabilities EUR 624,874.92

Unspecified other liabilities EUR 624,874.92

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 61.92
UK Pound	1	Rs. 96.37
Euro	1	Rs. 76.10

INFORMATION DETAILS

Analysis Done by :	RSM
Report Prepared by :	DPT

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.