Trasteel Distribution GmbH

Trasteel Distribution GmbH

Düsseldorf

Jahresabschluss zum Geschäftsjahr vom 01.01.2018 bis zum 31.12.2018

Bilanz

Aktiva

Anhang

Anlagespiegel

sonstige Berichtsbestandteile

I. Basics of the Company

1. Legal Conditions

a. Generals

The Company was established on 24th August 2011. The Business started on 24th August 2011. It applies the contract of association as amended on 24th August 2011.

The Company is registered in the Commercial Registry at the Local Court in Düsseldorf with registration number HRB 66462.

Domicile of the Company is Düsseldorf. It doesn´t exist a Branch Office.

The Fiscal Year is equal to the Calendar Year.

The Corporate Purpose is the Commercialization of irony materials, thereunder Import, Sale, Consultancy and Trademark Rights as well as the accompanying Commercial Transactions.

b. Capital Proportions

As per 31st December 2018 the Company holds the Capital Stock of EUR 25.000,00.

Trasteel Services SA € 25.000,00

c) Bodies of the Company and standing orders

Bodies of the Company are the Stockholders and the Management Board.

The Company is represented by the Managing Directors, Mr. Luigi Campioni, domiciled in Lugano/Switzerland and Mr. Federico Guiducci, domiciled in Lugano/Switzerland.

The Managing Directors are always entitled to represent the Company alone.

2. Tax Conditions

The Company is listed at the Fiscal Authorities in Düsseldorf-Altstadt with Tax number 103/5763/1969.

II. ATTACHMENT

1. Accounting and Valuation Principles

The Annual Statement of the Trasteel Distribution GmbH was issued according to the regulations of the Code of Commercial Law.

The Law for Modernization the Accounting Law (BilMoG) dated 25. May 2009 and the resulting Legal Consequences regarding commercial law fundamentals of accepted accounting principles for determination of taxable income according to the letter from Federal Ministry of Finances dated 12. March 2010 was considered accordingly.

The Format and Structure of the Win and Loss Calculation is according to the legal regulations. The Win and Loss Calculation is based on the total cost accounting.

The Accounting and Valuation Principles of the former Annual Statement - as far as already applicable - were kept.

An Adjustment of the preceding year amount - caused due to the first-time use of the new accounting regulations according to BilMoG - to disclose the balance sheet items wasn't necessary since no differences between Balance of Trade and Tax Statement are given. Inclusion and Valuation Rules cause deviations in the Annual Balance only this year.

2. Comments to the Balance Sheet

a. Assets

Regarding the composition and development of the Assets in the Fiscal Year 2018 we reference to the attached Assets Analysis.

The opening Balances in the Assets Analysis are based on the primarily Acquisition and Manufacturing costs.

The Fixed Assets are rated according to Acquisition and Manufacturing costs, reduced by systematic depreciations.

b) Circulating Assets

Accounts Receivables and other Assets are rated with the Face Value respectively with the one, lowered to the balance sheet date.

c) Equity Capital

The Shareholder of the Company is Trasteel Services SA, Lugano/Switzerland.

The signed Capital amounts to EUR 25.000,00 and is paid in full.

d) Accruals

Accruals are built with the presumably amount that will come up as economic strain to the Company.

The other Accruals include mainly Accruals for Archiving (2.5 TEUR).

e) Depts

Depts are rated with the Amount Repayable. Necessary accrued interests are done.

3. Other Information

Managing Director

Managing Director of the expired Fiscal Year 2018 are Mr. Luigi Campioni and Mr. Frederico Guiducci.

The declaration of the total income of the Managing Board according to §285 No. 9a HGB remains undone with regards to § 288 HGB.

Angaben zur Feststellung:

Der Jahresabschluss wurde am 08.03.2019 festgestellt.