MIRA INFORM REPORT

Report No. :	498423
Report Date :	17.03.2018

IDENTIFICATION DETAILS

Name :	AROMOSS GMBH

Registered Office :	Carl-Benz-Str. 45, D 77972 Mahlberg

Country :	Germany

Financials (as on) :	31.12.2015

Date of Incorporation :	07.11.2013

Com. Reg. No.:	HRB 712252

Legal Form :	Private Limited Company

Line of Business :	· Manufacture of other chemical products n.e.c. · Wholesale of chemical products

No. of Employees :	Not Available

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Medium High Risk

Business dealings permissible preferably on secured basis

Status :	Moderate

Payment Behaviour :	Slow

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 & address

AROMOSS GMBH

Company Status: active

Carl-Benz-Str. 45

D 77972 Mahlberg

Telephone:07822/449460

E-mail: aromoss@t-online.de

LEGAL FORM Private Limited Company

Date of foundation: 07.11.2013

Shareholders'

agreement: 07.11.2013

Registered on: 03.12.2014

Commercial Register: Local court 79098 Freiburg

under: HRB 712252

Share capital: EUR 25,000.00

Shareholder:

Aromoss Limited

City Gate East

GB Nottingham

Legal form: Other legal form

Share: EUR 25,000.00

Manager:

Bruce Stewart Henry

GB Staffordshire

having sole power of representation

born: 21.11.1946

Nationality: British

Manager:

Andrew Edward Kevill

GB Derby

having sole power of representation

born: 02.11.1948

Nationality: British

COMPANY HISTORY

company name and legal form

21.08.2014 - 03.12.2014 Aromoss GmbH

Eschenheimer Anlage 1

D 60316 Frankfurt

Private limited company

15.11.2013 - 21.08.2014 UNA 221. Equity Management GmbH

Eschenheimer Anlage 1

D 60316 Frankfurt

Private limited company

BUSINESS ACTIVITIES

Sectors

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

46750 Wholesale of chemical products

FINANCIAL INFORMATION

Payment experience: Slow

Negative information: We have no negative information at hand.

Balance sheet year: 2015

The depth of balance sheet suggests that the company, as a

so-called micro-entity in accordance with art. 267a German

Commercial Code, has availed itself of the facilitations of the

German Micro-Entities Amending Account Law (MicBilG) This is why

it is possible that the resultant reduction of the depth of

presentation in the annual accounts may entail deviating

calculation methods of the respective balance sheet ratios and

thus to an altered Solvency Rating [NG] and/or balance sheet

grade.

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 Carl-Benz-Str. 45

D 77972 Mahlberg

Land register documents were not available.

BANKERS

SPARKASSE OFFENBURG/ORTENAU, 77662 OFFENBURG

Sort. code: 66450050

BIC: SOLADES1OFG

FINANCIAL FIGURES

Equipment: EUR 4,203,819.00

Liabilities: EUR 5,992,023.00

The number of employees is not known.

BALANCE SHEETS

Balance sheet ratios 01.01.2015 - 31.12.2015(1)

Equity ratio [%]: -16.72

Liquidity ratio: 0.16

Return on total capital [%]: -15.12

Balance sheet ratios 01.01.2014 - 31.12.2014(1)

Equity ratio [%]: -4.26

Liquidity ratio: 0.30

Return on total capital [%]: -4.86

Balance sheet ratios 07.11.2013 - 31.12.2013

Equity ratio [%]: 100.00

Liquidity ratio: 10.00

Return on total capital [%]: -8.19

(1) The depth of balance sheet suggests that the company, as a

so-called micro-entity in accordance with art. 267a German

Commercial Code, has availed itself of the facilitations of the

German Micro-Entities Amending Account Law (MicBilG) This is why

it is possible that the resultant reduction of the depth of

presentation in the annual accounts may entail deviating

calculation methods of the respective balance sheet ratios and

thus to an altered Solvency Rating [NG] and/or balance sheet

grade.

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: 01.01.2015 - 31.12.2015 (2)

ASSETS EUR 6,023,892.82

Fixed assets EUR 4,203,818.73

Current assets EUR 956,073.23

Remaining other assets EUR 864,000.86

Accruals (assets) EUR 1,100.00

Deficit not covered by shareholders'

equity EUR 862,900.86

LIABILITIES EUR 6,023,892.82

Shareholders' equity EUR 0.00

Provisions EUR 31,870.00

Liabilities EUR 5,992,022.82

Type of balance

sheet: micro balance sheet

Origin of the present

balance sheet: Other

Financial year: 01.01.2014 - 31.12.2014 (2)

ASSETS EUR 2,015,464.33

Fixed assets EUR 1,326,928.78

Current assets EUR 603,774.91

Remaining other assets EUR 84,760.64

Accruals (assets) EUR 2,399.00

Deficit not covered by shareholders'

equity EUR 82,361.64

LIABILITIES EUR 2,015,464.33

Provisions EUR 1,740.00

Liabilities EUR 2,013,724.33

(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 64.87
UK Pound	1	INR 90.49
Euro	1	INR 79.91
EUR	1	INR 80.02

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

INFORMATION DETAILS

Analysis Done by :	VIV

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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