MIRA INFORM REPORT

Report Date :

27.06.2014

IDENTIFICATION DETAILS

Name :	JAN EGERT MÜLLER
Registered Office :	Hoteser Weg 26, D 47918 Tönisvorst
Country :	Germany
Date of Incorporation :	12.04.2011
Legal Form :	Unregistered Commercial Enterprise
Line of Business :	· Engaged in producing protective/Safety gloves made of the  Leather Raw Material · Subject Protection gloves are categorized into Mechanics, Cut protection, Welding & Heat Protection as well as Cold Protection
No of Employees :	02

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 :	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, 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

Jan Eggert Müller

COMPANY ADDRESS

Hoteser Weg 26

D 47918 Tönisvorst

Telephone: 02151/78888-28

Telefax: 02151/78888-10

Homepage: www.mcs-safety.de

E-mail: info@mcs-safety.de

Trade name

MCS Safety

Company Status

active

CONCLUSION

Business relations are permissible.

Synthesis

LEGAL FORM Unregistered Commercial Enterprise

Date of foundation: 12.04.2011

Proprietor

Jan Eggert Müller

Hoteser Weg 26

D 47918 Tönisvorst

born: 03.05.1971

Profession: Businessman

urther functions/participations of Jan Eggert Müller (Proprietor)

Shareholder:

Arbeitsschutz Rave GmbH

Benrader Str. 50

D 47918 Tönisvorst

Legal form: Private limited company

Share capital: EUR 25,000.00

Share: EUR 17,500.00

Registered

on: 13.06.2002

Reg. data: 47798 Krefeld, HRB 9829

Manager:

Arbeitsschutz Rave GmbH

Benrader Str. 50

D 47918 Tönisvorst

Legal form: Private limited company

Share capital: EUR 25,000.00

Registered

on: 13.06.2002

Reg. data: 47798 Krefeld, HRB 9829

BUSINESS ACTIVITIES

Main industrial sector

· Engaged in producing protective/Safety gloves made of the  Leather Raw Material

· Subject Protection gloves are categorized into Mechanics, Cut protection, Welding & Heat Protection as well as Cold Protection

BRANCHES AND FACTORIES

Branch:

Jan Eggert Müller - Lager -

Benrader Str. 50

D 47918 Tönisvorst

FINANCIAL INFORMATION

Payment experience: within periods customary in this trade

Negative information: We have no negative information at hand.

REAL ESTATE

Type of ownership: Tenant

Address Benrader Str. 50

D 47918 Tönisvorst

Type of ownership: Tenant

Address Hoteser Weg 26

D 47918 Tönisvorst

Real Estate of: Jan Eggert Müller

Type of ownership: unknown

Address Hoteser Weg 26

D 47918 Tönisvorst

Land register documents were not available.

BANKERS

SPARKASSE KREFELD, 47719 KREFELD

Sort. code: 32050000

BIC: SPKRDE33XXX

FINANCIAL FIGURES

Financial year: 01.01. - 31.12.

Turnover: 2012 EUR 250,000.00

2013 EUR 257,000.00

further business figures:

Equipment: EUR 12,000.00

Ac/ts receivable: EUR 18,500.00

Liabilities: EUR 25,500.00

Total numbers of vehicles: 1

Employees: 2

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.16
UK Pound	1	Rs.102.23
Euro	1	Rs.82.04

INFORMATION DETAILS

Analysis Done by :	SUB
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%)

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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.