MIRA INFORM REPORT

Report No. :	324994
Report Date :	29.05.2015

IDENTIFICATION DETAILS

Name :	KRAUS CHEMIE E.K.

Registered Office :	Heinrich-Plett-Str. 16, D 22609 Hamburg

Country :	Germany

Date of Incorporation :	1999

Com. Reg. No.:	HRA 113692

Legal Form :	Sole proprietorship

Line of Business :	Wholesale of chemical products

No of Employees :	1

RATING & COMMENTS

MIRA’s Rating :

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 – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

Germany

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 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 2014. The new German government introduced a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in balance in 2014. 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 plans to replace nuclear power with renewable energy, which accounts for 34% of total energy consumption, up from 9% in 2000. 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

Kraus Chemie e.K.

Heinrich-Plett-Str. 16

D 22609 Hamburg

Telephone:040/87082180

Telefax: 040/87082181

Homepage: www.kraus-chemie.com

E-mail: info@kraus-chemie.de

Company Status

Active

VAT no

DE812786575

Tax ID number

38326/25216

CONCLUSION

Business relations are permissible.

Company details

LEGAL FORM Sole proprietorship

Date of foundation: 1999

Registered on: 22.09.2011

companies: Local court 20355 Hamburg

under: HRA 113692

Proprietor:

Jürgen Kraus

Düsterntwiete 67

D 22549 Hamburg

born: 20.03.1973

Profession: Businessman

COMPANY HISTORY

01.01.1999 - 14.04.2008 Jürgen Kraus

D 68159 Mannheim

Unregistered commercial enterprise

14.04.2008 - 22.09.2011 Kraus Chemie e.K.

E 3 16

D 68159 Mannheim

Sole proprietorship

22.09.2011 - 15.09.2014 Kraus Chemie e.K.

Düsterntwiete 67

D 22549 Hamburg

Sole proprietorship

BUSINESS ACTIVITIES

Main industrial sector

46750 Wholesale of chemical products

FINANCIAL INFORMATION

Payment experience: within agreed terms

Negative information: We have no negative information at hand.

REAL ESTATE

Type of ownership: Tenant

Address Heinrich-Plett-Str. 16

D 22609 Hamburg

Land register documents were not available.

BANKERS

DEUTSCHE BANK, 67003 LUDWIGSHAFEN AM RHEIN

Sort. code: 54570094

BIC: DEUTDESM545

HAMBURGER SPARKASSE, 20454 HAMBURG

Sort. code: 20050550

BIC: HASPDEHHXXX

FINANCIAL FIGURES

Financial year: 01.01. - 31.12.

Turnover: 2013 EUR 1,500,000.00

2014 EUR 1,500,000.00

further business figures:

Equipment: EUR 30,000.00

Ac/ts receivable: *EUR 7,000.00

Liabilities: *EUR 11,000.00

Employees: 1

- Part-time employees: 1

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. 63.90
UK Pound	1	Rs. 98.16
Euro	1	Rs. 69.73

INFORMATION DETAILS

Analysis Done by :	DIV

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%)

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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.