MIRA INFORM REPORT

Report Date :

28.03.2011

IDENTIFICATION DETAILS

Name :	STÄUBLI SARGANS AG

Registered Office :	Grossfeldstrasse 71, 7320 Sargans

Country :	Switzerland

Date of Incorporation :	16.12.2002

Com. Reg. No.:	320.3.052.641-2 / 693886

Legal Form :	Company limited by shares

Line of Business :	manufacture and sale of textile machinery, connectors and robotics

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 500'000

Status :	Satisfactory

Payment Behaviour :	Regular

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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Switzerland

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

company name

Stäubli Sargans AG

Operating address

Grossfeldstrasse 71

7320 Sargans

Switzerland/CH

Telephone: 081 7250101

Fax: 081 7250116

Web site: http://www.staubli.com

VAT-No.

CHE-109.867.388

Profile

Established: 2002

Line of Business: Machinery

Industry Division: Manufacturing

Industry-code (NACE): 2894 Manufacture of machinery for textile, apparel and leather production

Import/Export: Export

Banks: unknown

Operational Figures

Coverage: Company

Employees: 100

Activity

The business activities includes the manufacture and sale of textile machinery, connectors and robotics.

Real Estate

Information on property ownership was not available.

Company Register

Company No: 320.3.052.641-2 / 693886

Legal form: Company limited by shares

Registration: 16.12.2002

Legal status: active

Responsible Register: Handelsregister des Kantons St. Gallen

Auditor: KPMG AG, Zürich

History: Date of Statutes: 23.06.2003

Date of Incorporation Statutes: 12.12.2002

Entry Deleted Name

16.12.2002 Stäubli Sargans AG

16.12.2002 Stäubli Sargans Ltd. (Name translated)

16.12.2002 Stäubli Sargans SA (Name translated)

Entry Deleted Legal domicile

16.12.2002 Sargans, Switzerland

Entry Deleted Address

16.12.2002 Grossfeldstrasse 71, 7320 Sargans/SG, Switzerland/CH

Entry Deleted Capital

26.06.2003 Share Capital CHF 10'000'000, paidup CHF 10'000'000

Entry Deleted Capital Structure

26.06.2003 10'000 Registered shares of CHF 1'000.--

Entry Deleted Activity (original Language)

16.12.2002 Bau von Maschinen und Apparaten, insbesondere Fabrikation von und Handel mit Textilmaschinen aller Art, je mit Einschluss des Reparatur- und Wartungsdienstes. Die Gesellschaft kann im In- und Ausland Zweigniederlassungen errichten, sich bei anderen Unternehmen des In- und Auslandes beteiligen sowie im In- und Ausland Grundeigentum erwerben, belasten, veräussern und verwalten.

Entry Deleted Remarks (original Language)

26.06.2003 Contribution in kind/Asset takeover: Die Gesellschaft übernimmt bei der Kapitalerhöhung vom 23.06.2003 den Geschäftsteil "Sargans" der Stäubli AG, in Horgen, gemäss Vertrag vom 23.06.2003 und Bilanz per 01.01.2003 mit Aktiven von CHF 22'821'657.-- und Passiven von CHF 4'881'823.--, wofür 9'900 Namenaktien zu CHF 1'000.-- ausgegeben und CHF 8'039'834.-- als Forderung gutgeschrieben werden.

26.06.2003 Intended asset takeover: Die Gesellschaft beabsichtigt nach der Gründung von der Stäubli AG, in Horgen, das Webereivorbereitungsgeschäft zum Preise von höchstens CHF 18'000'000.-- zu übernehmen.

16.12.2002 Publishing authority: SHAB.

16.12.2002 Reports: Die Mitteilungen an die Aktionäre erfolgen durch eingeschriebenen Brief, allenfalls durch Publikation im SHAB.

Official Administration

Title Name

President Anthony Stäubli, Origin: Horgen, Switzerland, Address: Wollerau, Switzerland, joint signature of two

Executive Director Rolf Strebel, Origin: Obfelden, Switzerland, Address: Saint Jorioz, France, without signature

Executive Director Ulrich Küng, Origin: Eriswil, Switzerland, Address: Rüeterswil, Switzerland, joint signature of two

Management

Title Name

Director Urban Germann, Origin: Jonschwil, Switzerland, Address: Maienfeld, Switzerland, joint signature of two

Member with procuration Jules Landolt, Origin: Näfels, Switzerland, Address: Ennenda, Switzerland, joint power of attorney of two

Member with procuration Markus Wolf, Origin: Liechtenstein, Address: Schaan, Liechtenstein, joint power of attorney of two

Member with procuration Fritz Legler, Origin: Luchsingen, Switzerland, Address: Wolfhausen, Switzerland, joint power of attorney of two, Appointment: 28.01.2011

Member with procuration Heinrich Steiner, Origin: Wildhaus-Alt St. Johann, Switzerland, Address: Wildhaus, Switzerland, joint power of attorney of two, Appointment: 09.03.2010

Ultimate Parent Company

Name: Stäubli Holding AG

City/Country: Pfäffikon SZ, Switzerland/CH

Owner/-s

No. of Owner/-s: 1

Owner: The company is domestic owned.

Class: 100%

Name: Stäubli Holding AG

City/Country: Pfäffikon SZ, Switzerland/CH

Interest: 100.00% voting right, 100.00% capital interest (since 2002)

Sisters

Name: Kaiser Verwaltungs-GmbH

City/Country: Bayreuth, Germany/DE

Name: Multi-Holding AG

City/Country: Allschwil, Switzerland/CH

Name: Prevost (UK) Limited

City/Country: Telford, United Kingdom/GB

Name: Stäubli AG

City/Country: Horgen, Switzerland/CH

Name: Stäubli AG Pfäffikon

City/Country: Pfäffikon SZ, Switzerland/CH

Name: Stäubli Comércio, Importação, Exportação e Representações Ltda

City/Country: São Paulo, Brazil/BR

Name: Stäubli Corporation

City/Country: Duncan, United States of America/US

Name: Stäubli Española SA

City/Country: Sabadell, Spain/ES

Name: Stäubli Faverges SCA

City/Country: Faverges, France/FR

Name: Stäubli (Hangzhou) Mechatronic Co Ltd

City/Country: Hangzhou, China/CN

Name: Stäubli (HK) Ltd

City/Country: Kowloon, Hong Kong/HK

Name: Stäubli Immobilien AG

City/Country: Pfäffikon SZ, Switzerland/CH

Name: Stäubli International AG

City/Country: Pfäffikon, Switzerland/CH

Name: Stäubli Italia SpA

City/Country: Carate Brianza, Italy/IT

Name: Staubli KK

City/Country: Tokyo, Japan/JP

Name: Stäubli Lodz Spzoo

City/Country: Lodz, Poland/PL

Name: Stäubli Lyon SA

City/Country: Chassieu, France/FR

Name: Stäubli Mexico SA de CV

City/Country: Puebla, Mexico/MX

Name: Stäubli Portugal Representações Lda

City/Country: Milheiros-Maia, Portugal/PT

Name: Stäubli Sanayi Makina Ve Aksesuarli Ticaret Ltd Sti

City/Country: Istanbul, Turkey/TR

Name: Texlog SA

City/Country: Pfäffikon SZ, Switzerland/CH

Investments

It is believed that the company has no investments.

Legal Actions

Control date Year No. Amount CHF Status

17.06.2009 2009 0

17.06.2009 2008 0

17.06.2009 2007 0

17.06.2009 2006 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 considered to be in order.

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

Maximum Credit: CHF 500'000

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.65
UK Pound	1	Rs.71.91
Euro	1	Rs.63.28

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.