MIRA INFORM REPORT

Report Date :

02.05.2014

IDENTIFICATION DETAILS

Name :	PORTEX HOLLAND B.V.
Registered Office :	Lokhorstweg 13A 3851SE Ermelo
Country :	Netherlands
Date of Incorporation :	24.04.2012
Com. Reg. No.:	55178227
Legal Form :	Private Company
Line of Business :	Wholesale of other construction (building) materials Trade in new and used big bags. Providing products for asbestos removal and disposal.
No. of Employees	04

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)
Netherlands	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

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 2012-13 tax revenues dropped, 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 name and address

Company name PORTEX HOLLAND B.V.

Operative address Lokhorstweg 13A

3851SE Ermelo

Netherlands

Legal form Private Company

Registration number KvK-nummer: 55178227

VAT-number 851596721

Contact information

Company name PORTEX HOLLAND B.V.

Trade names PORTEX HOLLAND B.V.

Operative address Lokhorstweg 13A

3851SE Ermelo

Netherlands

Correspondence address Lokhorstweg 13A

3851SE Ermelo

Netherlands

Telephone number 0341563344

Fax number 0341554052

Email address info@portexholland.nl

Website www.portex-holland.nl

Registration

Registration number KvK-nummer: 55178227

Branch number 000024859680

VAT-number 851596721

Status Active

First registration company register 2012-04-25

Memorandum 2012-04-24

Establishment date 2012-04-24

Legal form Private Company

Activities

SBI Wholesale of other construction (building) materials (46738)

Exporter Yes

Importer Yes

Goal Trade in new and used big bags. Providing products for asbestos removal and disposal. Holding Activities

Relations

Shareholders Portex Holding B.V.

Lokhorstweg 13A

3851SE ERMELO

Netherlands

Registration number: 081742320000

Percentage: 100.00%

Management

Active management Portex Holding B.V.

Lokhorstweg 13A

3851SE ERMELO

Netherlands

Registration number: 081742320000

Competence: Fully authorized

Function: General Director

Starting date: 2012-04-24

Employees

Total according to the Chamber of Commerce 4

Year	2014	2012
Total	4	6

Payments

Description The payments are regular

Analysis

Branch (SBI) Groothandel en Wholesale on a fee or contract basis (niet in auto’s en motorfietsen) (46)

Region Veluwe

In the Netherlands 109662 of the companies are registered with the SBI code 46

In the region Veluwe 4703 of the companies are registered with the SBI code 46

In the Netherlands 2387 of the bankrupcties are published within this sector

In the region Veluwe 71 of the bankruptcies are published within this sector

The risk of this specific sector in the Netherlands is normal

The risk of this specific sector in the region Veluwe is normal

Publications

Functions 26-04-2012: Per 24-04-2012 is bestuurder 08174232 Portex Holding B.V. in functie getreden.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.34
UK Pound	1	Rs.101.45
Euro	1	Rs.83.31

INFORMATION DETAILS

Analysis Done by :	DIV
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.