MIRA INFORM REPORT

Report Date :

14.12.2011

IDENTIFICATION DETAILS

Name :	FEEDCO SA

Registered Office :	Boulevard Helvétique 31, 1207 Genève

Country :	Switzerland

Date of Incorporation :	06.02.2003

Com. Reg. No.:	660.0.294.003-6 / 698913

Legal Form :	Company limited by shares

Line of Business :	trading of crude oil and other raw materials

No. of Employees :	5 persons

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	CHF 18'000

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 – September 30^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Switzerland

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

Company name

FEEDCO SA

Operating address

Boulevard Helvétique 31

1207 Genève

Switzerland/CH

Telephone: 022 7374141

Fax: 022 3454144

E-mail: geneva@feedco.ch

VAT-No.: CHE109890950

Profile

Established: 2003

Line of Business: Consumer goods wholesale

Industry Division: Wholesale trade

Industry-code (NACE): 4671 Wholesale of solid, liquid and gaseous fuels and related products

Import/Export: Agency

Banks: unknown

Operational Figures

Coverage: Company

Figures: approximately

Employees: 5

Activity

The business activities includes trading of crude oil and other raw materials.

Real Estate

Information on property ownership was not available.

Company Register

Company No: 660.0.294.003-6 / 698913

Legal form: Company limited by shares

Registration: 06.02.2003

Legal status: active

Responsible Register: Registre du commerce du canton de Genève

Auditor: Fiduciaire Verifid SA , Genève

History: Date of Statutes: 02.12.2010

Date of Incorporation Statutes: 17.01.2003

Entry Deleted Name

06.02.2003 FEEDCO SA

Entry Deleted Legal domicile

06.02.2003 Genève, Switzerland

Entry Deleted Address

16.06.2003 Boulevard Helvétique 31, 1200 Genève/GE, Switzerland/CH

06.02.2003 16.06.2003 avenue Peschier 4, 1200 Genève/GE, Switzerland/CH

Entry Deleted Capital

06.12.2010 Share Capital CHF 1'000'000, paidup CHF 1'000'000

06.02.2003 06.12.2010 Share Capital CHF 100'000, paidup CHF 100'000

Entry Deleted Capital Structure

06.12.2010 10'000 Bearer shares of CHF 100.--

06.02.2003 06.12.2010 100 Bearer shares of CHF 1'000.--

Entry Deleted Activity (original Language)

06.02.2003 Commerce international dans le domaine du pétrole et ses produits dérivés, ainsi que toutes matières premières; la société n'exerce aucune activité en Suisse.

Entry Deleted Remarks (original Language)

06.12.2010 Financial data: Compensation de créances: CHF 900'000, en échange de 9'000 actions de CHF 100.

06.12.2010 Reports: Communication aux actionnaires: Feuille Officielle Suisse du Commerce ou lettre recommandée s'ils sont tous connus.

06.02.2003 Publishing authority: FOSC.

06.02.2003 06.12.2010 Reports: Communication aux actionnaires: FOSC et lettre s'ils sont connus.

Official Administration

Title Name

Executive Director Christian Barbey, Origin: Chêne-Bougeries, Switzerland, Address: 1200 Genève/GE, Switzerland, single signature

Management

Title Name

Director Antoine Delay, Origin: Provence, Switzerland, Address: Lausanne/VD, Switzerland, single signature, Registered since: 17.12.2010

Member with procuration Kathryne Benenson, Origin: United Kingdom, Address: Genève/GE, Switzerland, joint power of attorney of two

Member with procuration Chérif Farah, Origin: Grand-Saconnex, Switzerland, Address: Genève/GE, Switzerland, single power of attorney

Member with procuration Bernard Bloch, Origin: Genève, Switzerland, Address: Chêne-Bourg, Switzerland, joint power of attorney of two

Executive board

Title Name

Chief Executive Officer Christian Barbey

Owner/-s

No. of Owner/-s: 1

Owner: The company is privately owned.

Class: 100%

Name: Christian Barbey

City/Country: Genève, Switzerland/CH

Interest: 100.00% voting right, 100.00% capital interest

Investments

It is believed that the company has no investments.

Legal Actions

Control date Year No. Amount CHF Status

19.03.2009 2009 0

19.03.2009 2008 0

19.03.2009 2007 0

An updated legal action check is only available against proof of interest. e.g. a copy of an enquiry letter, and order or invoice relating to the subject company.

Credit Information

Financial Statements: The company does not disclose any financial statements. Third parties are not permitted any insight into the financial affairs. It is therefore difficult to make a proper assessment of the actual situation.

Financial Situation: The financial situation is in order.

Payment experiences: Financial obligations are met in an orderly manner.

Maximum Credit: CHF 18'000

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.40
UK Pound	1	Rs.83.32
Euro	1	Rs.70.44

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.