MIRA INFORM REPORT

Report Date :

24.11.2014

IDENTIFICATION DETAILS

Name :	KAYHAN SARITAS
Registered Office :	Auf der Muhl 3a D 55270 Essenheim
Country :	Germany
Date of Incorporation :	19.05.2008
Legal Form :	Unregistered commercial enterprise
Line of Business :	Retail sale via mail-order houses or Internet [We tried to confirm / obtain the detailed activity but the same is not available from any sources]
No. of Employees :	10

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 :	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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
Germany	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	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

note

Your inquiry: KAYHAN SARITAS, Ludwig-Eckes-Allee, D 55268 Nieder-Olm

The subject of your inquiry is a branch. We are reporting on the headquarters.

Company name and address

KAYHAN SARITAS

Company Status: active

Auf der Muhl 3a

D 55270 Essenheim

Telephone:0172/6765802

Telefax: 06136/9262179

E-mail: info@est79.de

Trade name: ESTABLISHED SEVENTY9

VAT no.: DE259830021

CONCLUSION

Business relations are permissible.

Company summary

LEGAL FORM Unregistered commercial enterprise

Date of foundation: 19.05.2008

Proprietor:

Kayhan Saritas

Auf der Muhl 3a

D 55270 Essenheim

born: 07.03.1979

Marital status: unknown

COMPANY HISTORY

19.05.2008 - 01.01.2010 Kayhan Saritas

Im Plaul 10

D 55270 Essenheim

Unregistered commercial enterprise

BUSINESS ACTIVITIES

Main industrial sector

47919 Other retail sale via mail-order houses or Internet

BRANCHES AND FACTORIES

Works:

Kayhan Saritas

Am Hahnenbusch 14b

D 55268 Nieder-Olm

TEL.: 06136/7520900

FAX.: 06136/7521130

FINANCIAL INFORMATION

Payment experience: Slow but correct

Negative information:We have no negative information at hand.

REAL ESTATE

Type of ownership: Tenant

Address Auf der Muhl 3a

D 55270 Essenheim

Land register documents were not available.

BANKERS

DEUTSCHE BANK, 61451 KÖNIGSTEIN IM TAUNUS

Sort. code: 50070010

BIC: DEUTDEFFXXX

FINANCIAL FIGURES

Financial year: 01.01. - 31.12.

Turnover: 2012 EUR 1,200,000.00

2013 *EUR 1,300,000.00

further business figures:

Equipment: *EUR 90,000.00

Ac/ts receivable: *EUR 200,000.00

Liabilities: *EUR 230,000.00

Employees: 10

- thereof permanent staff: 6

- Temporary workers: 4

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.61.85
UK Pound	1	Rs.97.01
Euro	1	Rs.77.62

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%)

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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.