MIRA INFORM REPORT

Report No. :	489701
Report Date :	07.02.2018

IDENTIFICATION DETAILS

Name :	EVERS GMBH & CO. KG
Registered Office :	Rheiner Str. 14A, D 48496 Hopsten
Country :	Germany
Financials (as on) :	31.12.2016
Date of Incorporation :	1967
Com. Reg. No.:	HRA 3774
Legal Form :	Ltd Partnership with Priv. Ltd. Company as General Partner
Line of Business :	· Manufacture of other general-purpose machinery · Wholesale of other machinery · Wholesale of chemical products · Other engineering activities
No. of Employees :	18

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 :	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

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
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 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, bolstered by low energy prices and a weak euro, and exports are likely to drive German GDP growth again in 2018.

Source : CIA

Company name & address

EVERS GMBH & CO. KG

Company Status: active

Rheiner Str. 14a

D 48496 Hopsten

Telephone:05458/93070

Telefax: 05458/930740

Homepage: www.evers.de

E-mail: info@evers.de

VAT no.: DE125518001

Tax ID number: 327/5050/0400

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

Date of foundation: 1967

Registered on: 02.06.2005

Register of

companies: Local court 48565 Steinfurt

under: HRA 3774

Total cap. contribution: EUR 100,000.00

Limited partner:

Stephan Evers

Börnkamp 52

D 48496 Hopsten

born: 27.01.1972 in Ibbenbüren

Share: EUR 100,000.00

General partner:

EVERS Verwaltungs-GmbH

Rheiner Str. 14a

D 48496 Hopsten

Legal form: Private limited company

Share capital: EUR 25,000.00

Registered on: 19.12.2013

Reg. data: 48565 Steinfurt, HRB 10245

Shareholder:

Stephan Evers

Börnkamp 52

D 48496 Hopsten

born: 27.01.1972 in Ibbenbüren

Share: EUR 25,000.00

Manager:

Stephan Evers

Börnkamp 52

D 48496 Hopsten

having sole power of representation

born: 27.01.1972 in Ibbenbüren

Profession: Fully qualified chemist

Marital status: unknown

COMPANY HISTORY

company name and legal form

02.06.2005 - 16.01.2014 Evers e.K.

Rheiner Str. 14a

D 48496 Hopsten

Sole proprietorship

24.03.1994 - 02.06.2005 Werner Evers Wassertechnik und

Anthrazitveredelung e. K.

Rheiner Str. 14

D 48496 Hopsten

Sole proprietorship

09.06.1989 - 24.03.1994 Werner Evers Wassertechnik

Rheiner Str. 14

D 48496 Hopsten

Sole proprietorship

1967 - 08.06.1989 Werner Evers

Rheiner Str. 14

D 48496 Hopsten

Unregistered commercial enterprise

BUSINESS ACTIVITIES

Sectors

28290 Manufacture of other general-purpose machinery

46692 Wholesale of other machinery

46750 Wholesale of chemical products

71129 Other engineering activities

FINANCIAL INFORMATION

Payment experience: No Complaints

Negative information: We have no negative information at hand.

Balance sheet year: 2016

PMI: No significant / relevant payment experience

information pertaining to the company

inquired upon is shown in the Deutscher

Debitoren Monitor (DDMonitor).

Events Index: 1

At present, NO events are known.

The Events Index indicates if any particular

events have occurred, such as e.g. a

relocation of registered office or a change

within management. On the basis of number,

relevance and up-to-dateness of the events

an index value ranging from 1 (no events) to

5 is calculated. Companies showing a

particularly large number of events receive

the index 6.

REAL ESTATE

Type of ownership: Tenant

Address Rheiner Str. 14a

D 48496 Hopsten

Land register documents were not available.

BANKERS

VR-BANK KREIS STEINFURT, 48494 HOPSTEN

Sort. code: 40361906

BIC: GENODEM1IBB

DEUTSCHE BANK, 49462 IBBENBÜREN

Sort. code: 40370079

BIC: DEUTDE3B403

COMMERZBANK VORMALS DRESDNER BANK, 49007 OSNABRÜCK

Sort. code: 26580070

BIC: DRESDEFF265

KREISSPARKASSE STEINFURT, 49465 IBBENBÜREN

Sort. code: 40351060

BIC: WELADED1STF

FINANCIAL FIGURES

Turnover: 2016 *EUR 4,083,000.00

Ac/ts receivable: EUR 227,131.00

Liabilities: EUR 2,090,441.00

Employees: 18

- thereof permanent staff: 16

- Part-time employees: 1

- Temporary workers: 1

The business figures marked with an asterisk are estimates based on average values in the line of business.

BALANCE SHEETS

Balance sheet ratios 01.01.2016 - 31.12.2016

Equity ratio [%]: 18.16

Liquidity ratio: 0.12

Balance sheet ratios 01.01.2015 - 31.12.2015

Equity ratio [%]: 18.73

Liquidity ratio: 0.12

Balance sheet ratios 01.01.2014 - 31.12.2014

Equity ratio [%]: 18.87

Liquidity ratio: 0.13

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.

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 2,648,309.72

Fixed assets EUR 1,518,488.00

Tangible assets EUR 1,518,488.00

Current assets EUR 1,113,568.58

Stocks EUR 656,739.18

Accounts receivable EUR 227,130.61

Liquid means EUR 229,698.79

Remaining other assets EUR 16,253.14

Accruals (assets) EUR 16,253.14

LIABILITIES EUR 2,648,309.72

Shareholders' equity EUR 480,900.61

Capital EUR 100,000.00

Reserves EUR 380,900.61

Provisions EUR 76,968.00

Liabilities EUR 2,090,441.11

Type of balance

sheet: Company balance sheet

Origin of the present

balance sheet: electronic German Federal Gazette

Financial year: 01.01.2015 - 31.12.2015

ASSETS EUR 2,567,793.44

Fixed assets EUR 1,661,600.00

Tangible assets EUR 1,661,600.00

Current assets EUR 893,523.34

Stocks EUR 294,318.96

Received advance payments for orders

(depreciated on the assets side) EUR -1,544.05

Accounts receivable EUR 187,976.82

Liquid means EUR 411,227.56

Remaining other assets EUR 12,670.10

Accruals (assets) EUR 12,670.10

LIABILITIES EUR 2,567,793.44

Shareholders' equity EUR 480,900.61

Capital EUR 100,000.00

Reserves EUR 380,900.61

Provisions EUR 102,389.00

Liabilities EUR 1,984,503.83

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.27
UK Pound	1	INR 89.72
Euro	1	INR 79.52
EUR	1	INR 79.28

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

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	TPT

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.