MIRA INFORM REPORT

Report No. :	306249
Report Date :	09.02.2015

IDENTIFICATION DETAILS

Name :	TREOFAN GERMANY GMBH & CO. KG
Registered Office :	Bergstr. 99, D 66539 Neunkirchen
Country :	Germany
Date of Incorporation :	06.06.2014
Legal Form :	Ltd partnership with priv. ltd. company as general partner
Line of Business :	· Activities of holding companies · Other activities of head offices
No of Employees :	Not Available

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 :	Unknown
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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
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

Treofan Germany GmbH & Co. KG

Bergstr. 99

D 66539 Neunkirchen

Telephone:06821/4000

Telefax: 06142/2003299

Homepage: www.treofan.com

E-mail: info@treofan.com

Company Status

Active

VAT no

DE292395783

CONCLUSION

Business relations are permissible.

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

Begin of business

activities: 30.10.2002

Registered on: 06.06.2014

Register of

companies: Local court 66121 Saarbrücken

under: HRA 11639

Total cap. contribution: EUR 18,050.00

Limited partner:

Treofan Holdings GmbH

Am Prime-Parc 17

D 65479 Raunheim

Legal form: Private limited company

Share capital: EUR 299,749.00

Share: EUR 18,050.00

Registered on: 08.06.2003

Reg. data: 64283 Darmstadt, HRB 84062

General partner:

Treofan Zweite Holdings GmbH

Bergstr.

D 66539 Neunkirchen

Legal form: Private limited company

Share capital: EUR 25,000.00

Registered on: 16.01.2015

Reg. data: 66121 Saarbrücken, HRB 102161

Shareholder:

Treofan Holdings GmbH

Am Prime-Parc 17

D 65479 Raunheim

Legal form: Private limited company

Share capital: EUR 299,749.00

Share: EUR 25,000.00

Registered on: 08.06.2003

Reg. data: 64283 Darmstadt, HRB 84062

Manager:

Dr. Walter Bickel

Wendelsteinstr. 24

D 82031 Grünwald

authorized to jointly represent the company

born: 08.04.1959

Manager:

Peter Vanacker

D 55593 Rüdesheim

authorized to jointly represent the company

born: 11.03.1966

Manager:

Dr. Hady Seyeda

D 38642 Goslar

authorized to jointly represent the company

born: 11.02.1966

Proxy:

Dr. Boris Trautmann

D 60310 Frankfurt

authorized to jointly represent the company

born: 10.02.1967

Marital status: unknown

Proxy:

Rolf Werner

D 66620 Nonnweiler

authorized to jointly represent the company

born: 28.06.1968

Proxy:

Peter Vanacker

D 55593 Rüdesheim

authorized to jointly represent the company

born: 11.03.1966

Proxy:

Dr. Boris Trautmann

D 60310 Frankfurt

authorized to jointly represent the company

born: 10.02.1967

Marital status: unknown

Proxy:

Dr. Hady Seyeda

D 38642 Goslar

authorized to jointly represent the company

born: 11.02.1966

Further functions/participations of Treofan Zweite Holdings GmbH

(General partner)

General partner:

ALTER EGO Erste Beteiligungs GmbH & Co. KG

D 65479 Raunheim

Legal form: Ltd partnership with priv. ltd.

company as general partner

Registered

on: 30.10.2002

Reg. data: 60313 Frankfurt, HRA 30661

COMPANY HISTORY

23.04.2004 - 06.06.2014 Treofan Film GmbH & Co. KG

Am Prime-Parc 10

D 65479 Raunheim

Ltd partnership with priv. ltd. company

as general partner

06.06.2014 - 18.08.2014 Treofan Film GmbH & Co. KG

Bergstr.

D 66539 Neunkirchen

Ltd partnership with priv. ltd. company

as general partner

BUSINESS ACTIVITIES

Main industrial sector

6420 Activities of holding companies

70109 Other activities of head offices

Secondary industrial sector

6499 Other financial intermediation n.e.c.

82999 Other business support service activities n. e. c.

PARTICIPATIONS

Shareholder:

Trespaphan Holdings GmbH

Am Prime-Parc 17

D 65479 Raunheim

Legal form: Private limited company

Company Status: active

Share capital: EUR 25,000.00

Share: EUR 25,000.00

Reg. data: 22.04.2003

Local court 64283 Darmstadt

HRB 84058

FINANCIAL INFORMATION

Payment experience: within agreed terms

Negative information: We have no negative information at hand.

REAL ESTATE

Type of ownership: Tenant

Address Bergstr. 99

D 66539 Neunkirchen

Real Estate of: Treofan Zweite Holdings GmbH

Type of ownership: Tenant

Address Bergstr.

D 66539 Neunkirchen

Land register documents were not available.

BANKERS

COMMERZBANK VORMALS DRESDNER BANK, 60613 FRANKFURT AM MAIN

Sort. code: 50080000

BIC: DRESDEFFXXX

FINANCIAL FIGURES

Financial year: 01.01. - 31.12.

Equipment: EUR 10,000.00

The number of employees is not known.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 61.73
UK Pound	1	Rs. 94.65
Euro	1	Rs. 70.78

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%)

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.