MIRA INFORM REPORT

Report Date :

22.11.2011

IDENTIFICATION DETAILS

Name :	SOGESCOL FR SA

Registered Office :	c/o Socfinco FR SA, Rue de Romont 24, 1700 Fribourg

Country :	Switzerland

Date of Incorporation :	19.10.2010

Com. Reg. No.:	217.3.545.880-0 / 996708

Legal Form :	Company limited by shares

Line of Business :	research and studies on industrial plantations of tropical 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 :	CHF 20'000

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

Sogescol FR SA

Operating address

c/o Socfinco FR SA

Rue de Romont 24

1700 Fribourg

Switzerland/CH

Telephone: 026 4255820

E-mail: info@socfin.be

VAT-No.: CHE-116.103.646

Profile

Established: 2010

Line of Business: Pharmaceutics

Industry Division: Services

Industry-code (NACE): 7219 Other research and experimental development on natural sciences and engineering

Banks: unknown

Operational Figures

Coverage: Company

Figures: approximately

Employees: 7

Activity

The business activities includes research and studies on industrial plantations of tropical products.

Real Estate

Information on property ownership was not available.

Company Register

Company No: 217.3.545.880-0 / 996708

Legal form: Company limited by shares

Registration: 19.10.2010

Legal status: active

Responsible Register: Handelsregister des Saane-Bezirkes (FR)

Auditor: Fidutrust Revision SA (CH-217-0134984-1), Fribourg

History: Date of Incorporation Statutes: 15.10.2010

Entry Deleted Name

19.10.2010 Sogescol FR SA

Entry Deleted Legal domicile

19.10.2010 Fribourg, Switzerland

Entry Deleted Address

29.07.2011 Rue de Romont 24, 1700 Fribourg/FR, Switzerland/CH

19.10.2010 29.07.2011 c/o Fidutrust Gestion et Conseils SA, Chemin des Primevères 45, 1700 Fribourg/FR, Switzerland/CH

Entry Deleted Capital

19.10.2010 Share Capital CHF 5'300'000, paidup CHF 5'300'000

Entry Deleted Capital Structure

19.10.2010 5'300 Registered shares of CHF 1'000.--

Entry Deleted Activity (original Language)

19.10.2010 Recherche, étude, réalisation, surveillance, direction, gestion, en tous pays, de tous projets de plantations ou entreprises industrielles de produits tropicaux, et en général toutes opérations industrielles, techniques, commerciales et financières, qu'elle jugera directement ou indirectement utiles à l'accomplissement ou au développement de son objet, en ce compris toutes prises de participations sociales, apports, fusions ou absorptions; toutes opérations commerciales, techniques et financières relatives à l'exploitation ou à la gestion d'entreprises suisses et étrangères, toutes opérations d'achat et de vente de produits, de matériel et de matières premières, soit pour son propre compte, soit pour compte de tiers.

Entry Deleted Remarks (original Language)

19.10.2010 Publishing authority: FOSC.

19.10.2010 Shares: Restriction de transmissibilité des actions selon statuts.

19.10.2010 Reports: Communication aux actionnaires: par e-mail.

Official Administration

Title Name

President Philippe de Traux de Wardin, Origin: Belgium, Address: Bruxelles, Belgium, joint signature of two, Registered since: 19.10.2010

Company Secretary Bernard Ruegsegger, Origin: Genève, Switzerland, Address: Genolier, Switzerland, single signature, Registered since: 19.10.2010

Executive Director Daniel Haas, Origin: Belgium, Address: Chaudfontaine, Belgium, joint signature of two, Registered since: 19.10.2010

Executive Director Luc Boedt, Origin: Belgium, Address: Knokke-Heist, Belgium, joint signature of two, Registered since: 19.10.2010

Executive board

Title Name

Chief Executive Officer Bernard Ruegsegger

Ultimate Parent Company

Name: Socfin Consultant Services

City/Country: Bruxelles, Belgium/BE

Owner/-s

No. of Owner/-s: 1

Owner: The company is foreign owned.

Class: 100%

Name: Socfin Consultant Services

City/Country: Bruxelles, Belgium/BE

Interest: 100.00% voting right, 100.00% capital interest

Sisters

Name: Socfinco FR SA

City/Country: Fribourg, Switzerland/CH

Investments

It is believed that the company has no investments.

Legal Actions

Control date Year No. Amount CHF Status

02.11.2011 2011 0

02.11.2011 2010 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 20'000

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.72
UK Pound	1	Rs.81.42
Euro	1	Rs.68.89

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.