MIRA INFORM REPORT

Report No. :	502742
Report Date :	11.04.2018

IDENTIFICATION DETAILS

Name :	AVA WOMAN BERG GMBH
Registered Office :	Münkerstr. 21-23, D 47798 Krefeld
Country :	Germany
Financials (as on) :	31.12.2016
Date of Incorporation :	11.12.1976
Com. Reg. No.:	HRB 1432
Legal Form :	Private Limited Company
Line of Business :	Wholesale and Retail Sale of Clothing.
No. of Employees :	35

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
Germany	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately 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 a large increase in 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 economic 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. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.

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 2017 Germany reached a budget surplus of 0.7%. 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.

The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros during 2016-18, largely in infrastructure, is intended to spur needed private investment. 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 largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, 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. Domestic consumption, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high.

Source : CIA

Company name and address

AVA WOMAN BERG GMBH

Company Status: Active

Münkerstr. 21-23

D 47798 Krefeld

Telephone:02151/608152

Telefax: 02151/802677

Homepage: www.ava-woman.de

E-mail: info@ava-woman.de

VAT no.

DE811361117

Company Summary

LEGAL FORM Private Limited Company

Date of foundation: 11.12.1976

Shareholders'

agreement: 11.12.1976

Registered on: 24.03.1977

Commercial Register: Local court 47798 Krefeld

under: HRB 1432

Share capital

EUR 102,000.00

Shareholder:

Hans-Joachim Berg

Sebastianstr. 2

D 47800 Krefeld

born: 17.02.1943 in Shanghai/China

Share: EUR 102,000.00

Manager:

Hans-Joachim Berg

Sebastianstr. 2

D 47800 Krefeld

having sole power of representation

born: 17.02.1943 in Shanghai/China

Profession: Businessman

Marital status: married

Proxy:

Ute Gerda Berg

Sebastianstr. 2

D 47800 Krefeld

having sole power of representation

born: 04.09.1943 in Alpirsbach

née: Schmidt

Marital status: married

COMPANY HISTORY

Company name and legal form

08.10.1997 - 03.03.2008 AVA Sport Berg GmbH

Münkerstr. 21-23

D 47798 Krefeld

Private limited company

11.12.1976 - 07.10.1997 Glenscot Sportswear GmbH

Münkerstr. 21-23

D 47798 Krefeld

Private limited company

BUSINESS ACTIVITIES

Main industrial sector

46421 Wholesale of clothing

47710 Retail sale of clothing

BRANCHES AND FACTORIES

Branch:

AVA Woman Berg GmbH

Gurtstig 38 /Keitum

D 25980 Sylt

TEL.: 04651/936871

Branch:

AVA Woman Berg GmbH

Königstr. 96

D 47798 Krefeld

TEL.: 02151/567160

Branch:

AVA Woman Berg GmbH

Packhofstr. 4

D 97877 Wertheim

TEL.: 09342/7856451

FAX.: 09342/7856452

Branch:

AVA Woman Berg GmbH

Kurpromenade 12

D 23669 Timmendorfer Strand

TEL.: 04503/703100

Branch:

AVA Woman Berg GmbH

Friedrichstr. 24

D 26548 Norderney

TEL.: 04932/934387

Branch:

AVA Woman Berg GmbH

August-Ruf-Str. 15

/Ekkehardstr. 13

D 78224 Singen

TEL.: 07731/143451

Branch:

AVA Woman Berg GmbH

Friedrich-Franz-Str. 47

D 18119 Rostock

TEL.: 0381/4405639

Branch:

AVA Woman Berg GmbH

Am Längengrad 12

D 27568 Bremerhaven

TEL.: 0471/92189903

Branch:

AVA Woman Berg GmbH

Hauptstr. 6

D 47623 Kevelaer

TEL.: 02832/9765160

Branch:

AVA Woman Berg GmbH

Niederstr. 71

D 47829 Krefeld

TEL.: 02151/7844679

Branch:

AVA Woman Berg GmbH

Kirchstr. 5

D 47441 Moers

TEL.: 02841/8838747

FINANCIAL INFORMATION

Payment experience: within periods customary in this trade

Negative information: We have no negative information at hand.

Balance sheet year: 2016

REAL ESTATE

Type of ownership: Tenant

Address Münkerstr. 21-23

D 47798 Krefeld

Real Estate of: Hans-Joachim Berg

Type of ownership: part owner

Share: 50.00 %

Address Uerdinger Str. 192

D 47799 Krefeld

Type of real estate: owner-occupied flat

Real Estate of: Hans-Joachim Berg

Type of ownership: part owner

Share: 50.00 %

Address Sebastianstr. 2

D 47800 Krefeld

Land register documents were not available.

BANKERS

VOLKSBANK KREFELD, 47832 KREFELD

Sort. code: 32060362, Account no.: 1004109011

BIC: GENODED1HTK, IBAN: DE42320603621004109011

FINANCIAL FIGURES

Profit: 2016 EUR 43,162.00

Ac/ts receivable: EUR 104,013.00

Liabilities: EUR 461,918.00

Total numbers of vehicles: 1

- Passenger cars: 1

Employees: 35

- Temporary workers: 8

BALANCE SHEETS

Balance sheet ratios 01.01.2016 - 31.12.2016

Equity ratio [%]: 14.86

Liquidity ratio: 0.25

Return on total capital [%]: 7.83

Equity ratio

The equity ratio indicates the portion of the equity as compared to the total capital. The higher the equity ratio, the better the economic stability (solvency) and thus the financial autonomy of a company.

Liquidity ratio

The liquidity ratio shows the proportion between adjusted receivables and net liabilities. The higher the ratio, the lower the company's financial dependancy from external creditors.

Return on total capital

The return on total capital shows the efficiency and return on the total capital employed in the company. The higher the return on total capital, the more economically does the company work with the invested capital.

Type of balance sheet: Company balance sheet

Origin of the present balance sheet: Electronic German Federal Gazette

Financial year: 01.01.2016 - 31.12.2016

ASSETS EUR 551,531.47

Fixed assets EUR 112,316.82

Intangible assets EUR 812.00

Tangible assets EUR 110,841.27

Financial assets EUR 663.55

Current assets EUR 435,787.76

Stocks EUR 281,804.40

Accounts receivable EUR 104,013.25

Liquid means EUR 49,970.11

Remaining other assets EUR 3,426.89

Accruals (assets) EUR 3,426.89

LIABILITIES EUR 551,531.47

Shareholders' equity EUR 82,313.11

Capital EUR 102,000.00

Subscribed capital (share capital) EUR 102,000.00

Reserves EUR 440,000.00

Capital reserves EUR 440,000.00

Balance sheet profit/loss (+/-) EUR -459,686.89

Profit / loss brought forward EUR -502,849.01

Annual surplus / annual deficit EUR 43,162.12

Provisions EUR 7,300.00

Liabilities EUR 461,918.36

Inconsistent balance sheets:

Financial year published on

01.01.2015 - 31.12.2015 09.08.2016

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.94
UK Pound	1	INR 91.75
Euro	1	INR 79.90
EUR	1	INR 80.49

Note: Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRI
Report Prepared by :	NIT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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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.