MIRA INFORM REPORT

Report Date :

17.06.2014

IDENTIFICATION DETAILS

Name :	MAHLO GMBH & CO. KG
Registered Office :	Donaustr. 12, D 93342 Saal
Country :	Germany
Year of Establishments:	1945
Com. Reg. No.:	HRA 3546
Legal Form :	Ltd partnership with priv. ltd. company as general partner
Line of Business :	manufacturers of monitoring, control and automation systems for not only the textile and allied finishing industries but also the paper, foil and coating sectors
No. of Employees :	240

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, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
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, 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 & address

Mahlo GmbH & Co. KG

Donaustr. 12

D 93342 Saal

Telephone: 09441/6010

Telefax: 09441/601102

Homepage: www.mahlo.com

E-mail: info@mahlo.com

VAT no

DE128724946

Tax ID number

126/168/00300

Company Status

active

Synthesis

LEGAL FORM Ltd partnership with priv. ltd. company as general partner

Date of foundation: 1945

Registered on: 13.02.1973

Register of

companies: Local court 93049 Regensburg

under: HRA 3546

Total cap. contribution: EUR 79,250.24

Limited partner

Ralph Greenwood-Mahlo

D 93326 Abensberg

born: 07.01.1976

Share: EUR 53,685.65

Limited partner:

Robert Daul

Wanderweg 34

D 86316 Friedberg

born: 04.05.1948

Share: EUR 25,564.59

General partner

Mahlo Automation Gesellschaft mit

beschränkter Haftung

Donaustr. 12

D 93342 Saal

Legal form: Private limited company

Share capital: EUR 26,000.00

Registered on: 19.04.1973

Reg. data: 93049 Regensburg, HRB 1380

Shareholder

Mahlo GmbH & Co. KG

Donaustr. 12

D 93342 Saal

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap. EUR 79,250.24

contribution:

Share: EUR 26,000.00

Registered on: 13.02.1973

Reg. data: 93049 Regensburg, HRA 3546

Manager

Aloisius Heinrich Böckmann

Kiefernweg 4

D 96479 Weitramsdorf

having sole power of representation

born: 12.06.1964

Profession: Management expert

Manager:

Rainer Mestermann

D 91074 Herzogenaurach

having sole power of representation

born: 05.12.1962

Proxy

Ralph Greenwood-Mahlo

D 93326 Abensberg

having sole power of representation

born: 07.01.1976

Profession: Businessman

Marital status: single

Proxy:

Thomas Höpfl

D 92533 Wernberg-Köblitz

authorized to jointly represent the company

born: 07.07.1966

Proxy:

Oliver Andreas Kastl

D 93138 Lappersdorf

authorized to jointly represent the company

born: 12.03.1971

RESIGNED ACTING PERSONS AND SHAREHOLDERS

14.01.2013 - 16.01.2013 General partner

Renate Mahlo

D 93342 Saal

13.01.2012 - 19.01.2012 General partner

Renate Mahlo

D 93342 Saal

BUSINESS ACTIVITIES

manufacturers of monitoring, control and automation systems for not only the textile and allied finishing industries but also the paper, foil and coating sectors

PARTICIPATIONS

Shareholder:

Mahlo Automation Gesellschaft mit

beschränkter Haftung

Donaustr. 12

D 93342 Saal

Legal form: Private limited company

Company Status: active

Share capital: EUR 26,000.00

Share: EUR 26,000.00

Reg. data: 19.04.1973

Local court 93049 Regensburg

HRB 1380

FINANCIAL INFORMATION

Payment experience: within agreed terms

Negative information: We have no negative information at hand.

REAL ESTATE

Type of ownership: Tenant

Address Donaustr. 12

D 93342 Saal

Real Estate of: Mahlo Automation Gesellschaft mit

beschränkter Haftung

Type of ownership: Tenant

Address Donaustr. 12

D 93342 Saal

Land register documents were not available.

BANKERS

KREISSPARKASSE KELHEIM, SAAL A.D.DONAU

Sort. code: 75051565, BIC: BYLADEM1KEH

KREISSPARKASSE KELHEIM, KELHEIM

Sort. code: 75051565, BIC: BYLADEM1KEH

COMMERZBANK REGENSBURG, REGENSBURG

Sort. code: 75040062, BIC: COBADEFF750

DEUTSCHE BANK, REGENSBURG

Sort. code: 75070013, BIC: DEUTDEMM750

UNICREDIT BANK - HYPOVEREINSBANK, REGENSBURG

Sort. code: 75020073, BIC: HYVEDEMM447

FINANCIAL FIGURES

Financial year: 01.01. - 31.12.

Turnover: 2012 EUR 41,600,000.00

Ac/ts receivable: *EUR 720,000.00

Liabilities: *EUR 1,080,000.00

Employees: 240

The business figures marked with an asterisk are estimates based on average values in the line of business.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.01
UK Pound	1	Rs.101.99
Euro	1	Rs.81.25

INFORMATION DETAILS

Report Prepared by :

NIS

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.