MIRA INFORM REPORT

Report Date :

11.01.2011

IDENTIFICATION DETAILS

Name :	AJINOMOTO EUROLYSINE SAS

Registered Office :	153 Rue De Courcelles, 75017 Paris 17, Bp 24809

Country :	France

Date of Incorporation :	August 1974

Com. Reg. No.:	30260767600061

Legal Form :	Simplified Joint Stock Company

Line of Business :	Manufacturer of basic pharmaceutical products

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 :	250,000 Euro

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 – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

France

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

Synthesized Accounts

Period

Annual Return

Account period (month)

Account Type

Currency

Active account

Capital not called

Total fixed assets

- Intangible assets

- Tangible assets

- Financial assets

Net current assets

- Stocks

- Advanced payments

- Receivables

- Securities and cash

- Prepaid expenses

Account regularization

Total Assets

Passive Account

Shareholder equity

- of which share capital

Other capital resources

Provisions for risks & charges

Liabilities

- Financial liabilities

- Advanced payments received

- Trade account payables

- Tax and social liabilities

- Other debts and fixed assets liabilities

Account of regularization

Total liabilities

Profit & Loss

Operating income

Net turnover

- of which net export turnover

Operating charges

Operating profit/loss

Financial income

Financial charges

Financial profit/loss

Pretax net operating income

Extraordinary income

Extraordinary charges

Extraordinary profit/loss

Net profit/loss

Event history

Status history

Date

Description

Company events history

Date	Description
08/10/2010	Modification of Company Activity
08/10/2010	Update of Company Activity
22/02/2010	New ultimate parent
22/02/2010	New parent detected
05/10/2009	Payment incident closed
07/09/2009	Payment incident detected
24/10/2008	Bodacc B: Various editing or changing
24/10/2008	New Bodacc B ads detected
08/10/2008	Private document
08/10/2008	Appointment/resignation of company officers
08/10/2008	Minutes of general meeting of shareholders
08/10/2008	New auditor
01/10/2008	New Bodacc B ads detected
01/10/2008	Bodacc B: Various editing or changing
18/06/2008	Modification of Establishment Activity
08/01/2003	Changement de Commissaire aux Comptes
08/01/2003	PV d'Assemblée
08/01/2003	Nomination/démission des organes de gestion
08/01/2003	Acte sous seing privé
25/09/2002	Acte modificatif

Establishment events history

Date	Description
19/10/2010	Update of phone numbers
25/08/2010	Update Limit
25/07/2010	Update Limit
30/12/2009	Update Rating
05/10/2009	Update Limit
05/10/2009	Update Rating
23/09/2009	Update Limit
23/09/2009	Update Rating
06/06/2009	Update Rating
08/10/2008	Update Rating
02/06/2008	Update Rating
10/12/2007	Update Limit
08/12/2007	Update Limit

Directors

Name	M FALGOUX JEAN	Manager position	Président
Date of birth	07/01/1952	Place of birth	LAQUEUILLE
Type of manager	Individual	Name at birth of manager

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.37
UK Pound	1	Rs.70.38
Euro	1	Rs.58.93

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.

Company Information

Synthesized Accounts

Company events history

Establishment events history

Directors

Unit