MIRA INFORM REPORT

Report Date :

04.08.2011

IDENTIFICATION DETAILS

Name :	STAROIL B.V.

Registered Office :	Wilhelminastraat 43 A 2011VK Haarlem

Country :	Netherlands

Date of Incorporation :	04.09.2008

Legal Form :	Besloten Vennootschap

Line of Business :	Services activities incidental to oil and gas extraction excluding surveying

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	€ 75.000

Status :	Moderate

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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Netherlands

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

CONTACTINFORMATION

Company name	Staroil B.V.
Tradename	Staroil B.V.
Address	Wilhelminastraat 43 A
	2011VK Haarlem
	Netherlands
Mail address	Wilhelminastraat 43 A
	2011VK Haarlem
	Netherlands
Telephone number	0235160300
Telefax number	0235312744
E-mail address	info@staroil.ch
Website	www.staroil.ch
VAT number	819860578

CREDIT LIMIT

Credit limit

A credit of € 75.000 may be granted

MANAGEMENT

Management A. Hollebrand

Alexander

Authorization: Fully authorized Position: Manager Date appointed: 13-04-2011 Date of birth: 20-12-1954

G. Davidzon Gert-Jan

Authorization: Fully authorized Position: Proxy Date appointed: 13-04-2011 Date of birth: 13-02-1979

V.B. Markov

Viatcheslav Borisovitch

Authorization: Fully authorized

Position: Proxy

Date appointed: 22-01-2010

Date of birth: 14-04-1970

Payment information

Payment experiences Payments are regular

FINANCIAL INFORMATION

Auditor PricewaterhouseCoopers

Auditor's report According to the auditor, the annual account gives a faithful description of the size and composition of the company.

Publication financial statement Annual accounts 2009 are published on 27-10-2010

Type of publication Corporate

Publication Publication according to obligations by law

CORE FIGURES
BOOKYEAR	2009
Quick ratio	0,99
Current ratio	0,99
Nett workingcapital / Balance total	-0,01
Capital and reserves / Balance total	0,20
Capital and reserves / Fixed assets	0,95
Solvency	0,25
Nett workingcapital	-86.000
Capital and reserves	1.655.000
Nett Turnover	7.152.000
Operating profit	-128.000
Profitability operating profit	negative

Annual accounts The company is obligated to publish its annual accounts

Last annual accounts 2009

Type of publication Corporate

Turnover 2009: 7.152.000

Operating profit 2009: -128.000

Result after taxes 2009: -119.000

Tendency Not to be judged because of the absence of sufficient financial information

Capital and reserves 2009 1.655.000

Total debt 2009 6.656.000

Current ratio 2009 0,99

Quick ratio 2009 0,99

Nett workingcapital 2009 -86.000

Profitability Negative

Solvency Positive

Liquidity Negative

Currency Euro

BALANCE
BOOKYEAR	2009
End of bookyear	31-12-2009
Tangible assets	4.000
Financial assets	1.738.000
Fixed assets	1.742.000
Accounts receivable		6.485.000
Liquid assets		85.000
Current assets		6.570.000
Total assets		8.312.000
Capital and reserves			1.655.000
Trade debts suppliers			4.395.000
Other short term debts			2.261.000
Total short term debt			6.656.000
Total debt			6.656.000
Total Liabilities			8.312.000

PROFIT & LOSS ACCOUNT
BOOKYEAR			2009
Turnover			7.152.000
Nett Turnover			7.152.000
Depreciation and amortization			4.000
Raw materials			7.078.000
Other operating charges			197.000
Operating charges			7.280.000
Operating profit			-128.000
Financial income			2.000
Financial charges			1.000
Financial result			2.000
Result participations			-18.000
Result before taxes			-144.000
Income taxes			-25.000
Result after taxes			-119.000
Nett result			-119.000

History

Management Since 13-04-2011 manager Alexander Hollebrand appointed.

Since 13-04-2011 manager Joannes Petrus Huijbregts out of office.

Since 13-04-2011 is Proxy Gert-Jan Davidzon appointed.

Since 13-04-2011 is Proxy Alexander Hollebrand out of office.

Since 22-01-2010 is Proxy Viatcheslav Borisovitch Markov appointed.

Since 22-01-2010 is Proxy Alexander Hollebrand appointed.

Since 04-09-2008 manager Joannes Petrus Huijbregts appointed.

Company structure

• Staroil B.V. (34311024)

Haarlem

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.38
UK Pound	1	Rs.72.20
Euro	1	Rs.62.87

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

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 and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

Handelsregisternummer	34311024
Registered in	Chamber of commerce Amsterdam
First registration	08-09-2008
Act of foundation	04-09-2008
Date of constitution	04-09-2008
Legal form	Besloten Vennootschap
Place of constitution	Amsterdam

Bookyear	2009	2008
Number	6	0
Change	0,00%

Bankers	ING Bankers NV

Real estate	Lease The real estate is checked at the land registration office Object code: HAARLEM C 6103 Owner: B.V. NETHERLANDSS MONUMENINN BEZIT