MIRA INFORM REPORT

Report Date :

27.05.2011

IDENTIFICATION DETAILS

Name :	EASTERN SCOPE B.V.

Registered Office :	Wolfersveenweg 23, 7021HS Zelhem

Country :	Netherlands

Financials (as on) :	31.12.2010

Date of Incorporation :	07.10.2002

Com. Reg. No.:	09105467

Legal Form :	Limited Company

Line of Business :	Agents involved in the sale of household goods

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 :	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

Bottom of Form

CONTACTINFORMATION

Company name	Eastern Scope B.V.
Tradename	Eastern Scope B.V.
Address	Wolfersveenweg 23
	7021HS Zelhem
	Netherlands
Mail address	Wolfersveenweg 23
	7021HS Zelhem
	Netherlands
Telephone number	0314625677
Telefax number	0314625678
E-mail address	hwentink@easternscope.com
Website	www.easternscope.com
VAT number	Unknown

CREDIT LIMIT

Credit limit

Cash payments are preferred.

MANAGEMENT

Management	H. Wentink
	Hendrik
	Authorization: Fully authorized
	Position: General director
	Date appointed: 03-10-2002
	Date of birth: 23-11-1948

PAYMENT INFORMATION

Payment experiences There are no payment experiences known

FINANCIAL INFORMATION

Publication financial statement	Annual accounts 2010 are published on 21-03-2011
	Annual accounts 2009 are published on 17-05-2010
	Annual accounts 2008 are published on 13-01-2010
	Annual accounts 2007 are published on 16-12-2008
Type of publication	Corporate
Publication	Steady

CORE FIGURES

BOOKYEAR	2010	2009	2008
Quick Ratio	0,14	0,19	0,21
Current ratio	0,20	0,43	0,57
Nett workingcapital / Balance total	-2,41	-1,05	-0,60
Capital and reserves / Balance total	-3,34	-1,21	-0,67
Capital and reserves / Fixed assets	-8,04	-5,63	-3,16
Solvency	-0,77	-0,55	-0,40
Nett workingcapital	-284.000	-339.501	-384.668
Capital and reserves	-394.000	-389.257	-427.643
Change capital and reserves	-1,22%	8,98%	-21.482,15%
change short term liabilities	-40,27%	-33,13%	48,44%

Annual accounts The company is obligated to publish its annual accounts

Last annual accounts 2010

Tendency constant but negative

Tendency capital and reserves

Capital and reserves 2010-394.000

Total debt 2010 512.000

Current ratio 2010 0,20

Quick ratio 2010 0,14

Nett workingcapital 2010 -284.000

Profitability Negative

Solvency Negative

Liquidity Negative

BALANCE sheet

BOOKYEAR	2010	2009	2008
End of bookyear	31-12-2010	31-12-2009	31-12-2008
Intangible assets	7.000	10.049	12.995
Tangible assets	41.000	59.125	122.299
Fixed assets	49.000	69.174	135.294

Stocks and work in progress	19.000	141.233	317.637
Accounts receivable	48.000	109.452	137.512
Liquid assets	3.000	2.433	46.350
Current assets	70.000	253.118	501.499
Total assets	118.000	322.292	636.793

Capital and reserves	-394.000	-389.257	-427.643
other long term debts	158.000
Long term liabilities	158.000	118.930	178.269
Other short term debts	354.000
Total short term debt	354.000	592.619	886.167
Total debt	512.000	711.549	1.064.436
Total Liabilities	118.000	322.292	636.793

Company structure

· Eastern Scope B.V. (09105467) Zelhem

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.29
UK Pound	1	Rs.73.84
Euro	1	Rs.64.18

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	09105467
Registered in	Chamber of commerce Centraal Gelderland
First registration	07-10-2002
Act of foundation	03-10-2002
Date of constitution	01-05-1999
Continuation date	03-10-2002
Legal form	Besloten Vennootschap

Capital	EUR 90.000
Issued capital	EUR 18.000
Paid up capital	EUR 18.000

Employees	Total: 2
Bookyear		2010	2009	2008
Number		2	2	7
Change		0,00%	-71,43%	75,00%