MIRA INFORM REPORT

Report Date :

05.10.2011

IDENTIFICATION DETAILS

Name :	AIRTEL COM B.V.

Registered Office :	Pretorialaan 60 a 3072ER Rotterdam

Country :	Netherlands

Date of Incorporation :	15.01.2010

Legal Form :	Besloten Vennootschap

Line of Business :

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

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

CONTACTINFORMATION

Company name	Airtel Com B.V.
Tradename	Airtel Com B.V.
Address	Pretorialaan 60 a
	3072ER Rotterdam
	Netherlands
Mail address	Pretorialaan 60 a
	3072ER Rotterdam
	Netherlands
Telephone number	0102909412
Telefax number	0102909410
E-mail address	info@airtelcom.nl
Website	www.airtelcom.nl \| www.mobilerecharge.nl
VAT number	821873672

CREDIT LIMIT

Credit limit

Cash payments are preferred.

COMPANY STRUCTURE

Shareholder	Airtel Holding B.V.
	Pretorialaan 60
	3072ER ROTTERDAM
	Netherlands
	KvK: 24483484
	Active since: 15-01-2010
	Percentage: 100.00%
Holding company	Airtel Holding B.V.
	Pretorialaan 60
	3072ER ROTTERDAM
	KvK: 24483484

MANAGEMENT

Management	Airtel Holding B.V.
	Pretorialaan 60
	3072ER ROTTERDAM
	Netherlands
	KvK: 24483484
	Authorization: Fully authorized
	Position: Manager
	Date appointed: 15-01-2010

PAYMENT INFORMATION

Payment experiences There are no payment experiences known

FINANCIAL INFORMATION

Annual accounts	There is no financial information published
Tendency	Not to be judged
Profitability	Not to be judged
Solvency	Not to be judged
Liquidity	Not to be judged
Currency	Euro

History

Management Since 15-01-2010 manager 24483484 Airtel Holding B.V. appointed.

Company structure

• Airtel Holding B.V. (24483484) ROTTERDAM

o Airtel Com B.V. (24393459) Rotterdam Subsidiary (100%)

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.22
UK Pound	1	Rs.76.07
Euro	1	Rs.65.06

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	24393459
Registered in	Chamber of commerce Rotterdam
First registration	21-01-2010
Act of foundation	15-01-2010
Date of constitution	01-09-2002

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

Continuation date	15-01-2010
Legal form	Besloten Vennootschap