MIRA INFORM REPORT

Report Date :

22.08.2012

IDENTIFICATION DETAILS

Name :	EASTERN SCOPE B.V.

Registered Office :	Wolfersveenweg 23 7021HS Zelhem

Country :	Netherlands

Financials (as on) :	31.12.2011

Date of Incorporation :	01.05.1999

Com. Reg. No.:	09105467

Legal Form :	Besloten Vennootschap

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

No. of Employees :	2

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 :	Slow
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, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Netherlands

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

CONTACTINFORMATION

Company name	Eastern Scope B.V.
Tradename	Eastern Scope B.V.
Address	Wolfersveenweg 23
	7021HS Zelhem
	Netherlands
Mail address	Wolfersveenweg 23
	7021 HS Zelhem
	Netherlands
Telephone number	0314 625677
Telefax number	0314 625678
E-mail address	hwentink@easternscope.com
Website	www.easternscope.com
VAT number / RSIN	811134167

COMPANY STRUCTURE

Company structure	Subsidiary:
	Eastern Scope GmbH

Bank ABN Amro Bank NV

Rabobank Netherlands

Account number: 38.84.10.116

Real estate Lease

The real estate is checked at the land registration office

Object code: ZELHEM X 311

Owner: HENDRIK WENTINK

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

According to terms

FINANCIAL INFORMATION

Auditor Gerdessen accountants & adviseurs

Zelhem

Publication financial statement Annual accounts 2011 are published on 02-07-2012

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	2011	2010	2009
Quick ratio	0,07	0,14	0,19
Current ratio	0,14	0,20	0,43
Nett workingcapital / Balance total	-4,93	-2,41	-1,05
Capital and reserves / Balance total	-9,01	-3,34	-1,21
Capital and reserves / Fixed assets	-48,43	-8,04	-5,63
Solvency	-0,90	-0,77	-0,55
Nett workingcapital	-228.693	-284.000	-339.501
Capital and reserves	-418.161	-394.000	-389.257
Change capital and reserves	-6,13%	-1,22%	9,05%
change short term liabilities	-24,73%	-40,27%	-33,11%

Annual accounts The company is obligated to publish its annual accounts

Last annual accounts 2011

Tendency Constant but negative

Tendency capital and reserves

Capital and reserves 2011 -418.161

Total debt 2011 464.566

Current ratio 2011 0,14

Quick ratio 2011 0,07

Nett workingcapital 2011 -228.693

Profitability Negative

Solvency Negative

Liquidity Negative

Current- & Quickratio

Currency Euro

BALANCE

BOOKYEAR	2011	2010	2009
End of bookyear	31-12-2011	31-12-2010	31-12-2009
Intangible assets	5.400	7.000	10.049
Tangible assets	3.235	41.000	59.125
Fixed assets	8.635	49.000	69.174

Stocks and work in progress	18.500	19.000	141.233
Accounts receivable	15.916	48.000	109.452
Liquid assets	3.354	3.000	2.433
Current assets	37.770	70.000	253.118
Total assets	46.405	118.000	322.292

Capital and reserves	-418.161	-394.000	-389.257
other long term debts		158.000
Long term liabilities	198.103	158.000	118.930
Other short term debts		354.000
Total short term debt	266.463	354.000	592.619
Total debt	464.566	512.000	711.549
Total Liabilities	46.405	118.000	322.292

Company structure

Eastern Scope B.V. (09105467)

Zelhem

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.54
UK Pound	1	Rs.87.39
Euro	1	Rs.68.72

INFORMATION DETAILS

Report Prepared by :

PRL

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.

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%