MIRA INFORM REPORT

Report Date :

22.01.2011

IDENTIFICATION DETAILS

Name :	PLANETA DULCE S.A.

Registered Office :	Av.Belgrano 687, floor 8, Of.33, City of Buenos Aires

Country :	Argentina

Date of Incorporation :	24.05.2000

Legal Form :	Limited Company

Line of Business :	Candy Making

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate

Payment Behaviour :	Unknown

Litigation :	----

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)

Argentina

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

Registered Name

PLANETA DULCE S.A.

CUIT: 30-70724916-8

Summary

COMPANY ESTABLISHED IN 2000 - DENIED OF LAST BALANCE - STABLE OUTLOOK – MEET THEIR COMMITMENTS - SUITABLE FOR MODERATE CREDIT WITH GUARANTEES.

Operations

CANDY MAKING

Legal Structure

Business Type: Limited Company
Incorporated: 24/05/2000
Duration: 99 year
Corporate stock: $ 12.000.-
End of fiscal yr: 30/4

Contact

Miss. Marilu Prieto

Legal address               : Av.Belgrano 687, floor 8, Of.33, City of Buenos Aires, Argentina.

Operative address         : Leandro N.Alem 2240, Moreno, Province of Buenos Aires, Argentina.
Phone                          : (54-0237) 4621313
Fax                              : (54-0237) 4638545
E-Mail                          : info@planetadulce.com.ar

Partners

President: ANALIA MARGARITA CONVERSET

Alternate Director: OSVALDO RAMON LANIERI

History

By document No. 107 of May 24, 2000 was legally established in the City of Buenos Aires, the proprietor.

Economic-Financial Position

Despite knowing the name of the applicant, have refused to provide statements.

Assets

The company owns no real estate, its operational headquarters is subject to terms of location.

Evolution and Results

Seeks for the preparation of sweets and the like.

Trademarks: "Tembleke" - "Trembly"

For such purposes has extensive operational headquarters in the town of Moreno in the Province of Buenos Aires, giving employment to 30 employees.

Main customers:
---------------------
WAL MART S.A.
COTO C.I.C.S.A.
SWEET S.A.
PIATTI S.A.
LA DOLCE S.R.L.

Supplier:
-----------
RC IMPRESORA S.R.L.
FILMTEX ARGENTINA S.A.
MULTILABEL ARG.S.A.
PAOLINI S.A.
MEYPACK S.A.

Payment Record and Credit Risk

BBVA BANCO FRANCES
Branch Moreno
Cta.Cte. Nº 130-20-2614/9

BANCO DE LA PROVINCIA DE BS.AS.
Branch Paso del Rey
Cta.Cte. Nº 5019-5002/0

INSURANCE:
------------------
CONSOLIDAR S.A.

Concept

No record deficit that the compromise, giving good performance to its trade obligations and banking.

* NO OBJECTIONS

Final Opinion

We believe that moderate amounts and with adequate safeguards, it is feasible to deal with the company credit.

* SUITABLE FOR MODERATE CREDITS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.70
UK Pound	1	Rs.72.78
Euro	1	Rs.61.65

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

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.