MIRA INFORM REPORT

Report No. :	512756
Report Date :	01.06.2018

IDENTIFICATION DETAILS

Name :	ROBERT TIMM GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG

Registered Office :	Hammer Deich 142-146 D 20537 Hamburg

Country :	Germany

Financials (as on) :	31.12.2016

Date of Incorporation :	10.07.1936

Com. Reg. No.:	HRB 3400

Legal Form :	Private limited company

Line of Business :	· Manufacture of other chemical products n.e.c. Agents involved in the sale of a variety of goods

No. of Employees :	4

RATING & COMMENTS

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

MIRA’s Rating :

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

Status :	Good

Payment Behaviour :	Regular

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

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

Robert Timm Gesellschaft mit beschränkter Haftung

Hammer Deich 142-146

D 20537 Hamburg

Telephone:040/211344

Telefax: 040/2102734

Homepage: www.robert-timm.de

E-mail: info@robert-timm.de

Company Status

Active

Company summery

LEGAL FORM Private limited company

Date of foundation: 10.07.1936

Shareholders'

agreement: 10.07.1936

Registered on: 10.07.1936

Commercial Register: Local court 20355 Hamburg

under: HRB 3400

Share capital: EUR 38,346.89

Shareholder:

Wilfried Müller

Alsterchaussee 3

D 20149 Hamburg

born: 13.04.1928

Share: EUR 29,399.28

Shareholder:

Detlef Müller

Alsterchaussee 3

D 20149 Hamburg

born: 30.06.1968

Share: EUR 3,834.69

Shareholder:

Matthias Müller

Alsterchaussee 3

D 20149 Hamburg

born: 02.10.1970

Share: EUR 3,834.69

Shareholder:

Elke Müller

Sottorfallee 23

D 22529 Hamburg

born: 30.03.1936

Share: EUR 1,278.23

Manager:

Wilfried Müller

Alsterchaussee 3

D 20149 Hamburg

born: 13.04.1928

Profession: Businessman

Marital status: married

Further functions/participations of Wilfried Müller (Manager)

Limited partner:

Wilhelm G. Müller (GmbH & Co.) KG.

Hammer Deich 142 /146

D 20537 Hamburg

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap. EUR 4,294,917.68

contribution:

Share: EUR 42,948.52

Registered

on: 01.01.1971

Reg. data: 20355 Hamburg, HRA 30703

Shareholder:

W.G.Müller Verwaltungsgesellschaft mbH

Hammer Deich 146

D 20537 Hamburg

Legal form: Private limited company

Share capital: EUR 25,564.59

Share: EUR 25,564.59

Registered

on: 18.01.1971

Reg. data: 20355 Hamburg, HRB 13791

Manager:

W.G.Müller Verwaltungsgesellschaft mbH

Hammer Deich 146

D 20537 Hamburg

Legal form: Private limited company

Share capital: EUR 25,564.59

Registered

on: 18.01.1971

Reg. data: 20355 Hamburg, HRB 13791

Proxy:

Wilhelm G. Müller (GmbH & Co.) KG.

Hammer Deich 142 /146

D 20537 Hamburg

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap. EUR 4,294,917.68

contribution:

Registered

on: 01.01.1971

Reg. data: 20355 Hamburg, HRA 30703

BUSINESS ACTIVITIES

Main industrial sector

20590 Manufacture of other chemical products n.e.c.

46190 Agents involved in the sale of a variety of goods

FINANCIAL INFORMATION

Payment experience: Regular

Negative information: We have no negative information at hand.

Balance sheet year: 2016

REAL ESTATE

Type of ownership: Tenant

Address Hammer Deich 142-146

D 20537 Hamburg

Land register documents were not available.

BANKERS

DEUTSCHE BANK, 20079 HAMBURG

Sort. code: 20070000

BIC: DEUTDEHHXXX

POSTBANK (GIRO), 22280 HAMBURG

Sort. code: 20010020

BIC: PBNKDEFFXXX

FINANCIAL FIGURES

Turnover: 2017 *EUR 1,090,000.00

Equipment: *EUR 24,000.00

Ac/ts receivable: *EUR 68,000.00

Liabilities: EUR 47,671.00

Employees: 4

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(1)

Equity ratio [%]: 27.10

Liquidity ratio: 1.77

Return on total capital [%]: 21.45

Balance sheet ratios 01.01.2015 - 31.12.2015(1)

Equity ratio [%]: 21.97

Liquidity ratio: 1.63

Return on total capital [%]: -1.99

Balance sheet ratios 01.01.2014 - 31.12.2014(1)

Equity ratio [%]: 23.58

Liquidity ratio: 1.69

Return on total capital [%]: 30.96

Balance sheet ratios 01.01.2013 - 31.12.2013(1)

Equity ratio [%]: 64.99

Liquidity ratio: 7.11

Return on total capital [%]: -22.87

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: micro balance sheet

Origin of the present

balance sheet: Other

Financial year: 01.01.2016 - 31.12.2016 (2)

ASSETS EUR 87,502.69

Fixed assets EUR 2,456.20

Current assets EUR 84,379.41

Remaining other assets EUR 667.08

Accruals (assets) EUR 667.08

LIABILITIES EUR 87,502.69

Shareholders' equity EUR 23,709.79

Provisions EUR 15,962.75

Liabilities EUR 47,671.40

Other liabilities EUR 158.75

Deferrals (liabilities) EUR 158.75

Type of balance

sheet: micro balance sheet

Origin of the present

balance sheet: Other

Financial year: 01.01.2015 - 31.12.2015 (2)

ASSETS EUR 90,774.42

Fixed assets EUR 3,748.97

Current assets EUR 86,554.70

Remaining other assets EUR 470.75

Accruals (assets) EUR 470.75

LIABILITIES EUR 90,774.42

Shareholders' equity EUR 4,939.11

Provisions EUR 17,675.80

Liabilities EUR 68,159.51

(2) The abbreviated depth of presentation of the annual accounts

may be atributed to application of regulations within the German

Micro-Entities Amending Accounting Law.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.45
UK Pound	1	INR 89.79
Euro	1	INR 78.79
Euro	1	INR 78.42

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

INFORMATION DETAILS

Analysis Done by :	NIS

Report Prepared by :	TRU

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.

MIRA INFORM REPORT

Company name and address

Company Status

Company summery

BUSINESS ACTIVITIES

FINANCIAL INFORMATION

REAL ESTATE

BANKERS

FINANCIAL FIGURES

Unit