MIRA INFORM REPORT

Report Date :

27.02.2012

IDENTIFICATION DETAILS

Name :	LIGNE PURE NV
Registered Office :	Nijverheidslaan 70 Deerlijk 8540
Country :	Belgium
Date of Incorporation :	14.02.1963
Com. Reg. No.:	405012612
Legal Form :	Public Limited Liability Company (BE)
Line of Business :	Other Commercial Services
No. of Employees :	1

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	84.000 Eur
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, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
Belgium	A1	A1

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

REGISTERED NAME & COMPANY SUMMARY

Business number	405012612	Company name	LIGNE PURE NV
Safe number	BE00029237	Telephone number	056776511
Address	NIJVERHEIDSLAAN 70 DEERLIJK	Fax number	056775278
Post code	8540	Number of staff	1
Date of establishment	14/02/1963	Company type	Public Limited Liability Company (BE)
Activity Code	82990 Other Commercial Services, n.e.

CREDIT RECOMENDATION

Current Credit Limit: 84.000 Eur

DIRECTORS/MANAGEMENT

Current director details

Name	DASINVEST NV
Position	Director
Date of birth	01/10/1984
Street	1 PIJKENAAS SINT-MARTENS-LATEM
Post code	9830
Country	Belgium
Name	DASINVEST NV
Position	Legal Representative
Date of birth	01/10/1984
Street	1 PIJKENAAS SINT-MARTENS-LATEM
Post code	9830
Country	Belgium

Name	CLATIMMO BVBA
Position	Director
Date of birth	01/05/1973
Street	79 MOUBEKESTRAAT ZEDELGEM
Post code	8211
Country	Belgium
Name	CLATIMMO BVBA
Position	Legal Representative
Date of birth	01/05/1973
Street	79 MOUBEKESTRAAT ZEDELGEM
Post code	8211
Country	Belgium

Name	CARPIMMO NV
Position	Director
Date of birth	15/09/1993
Street	70 NIJVERHEIDSLAAN DEERLIJK
Post code	8540
Country	Belgium
Name	CARPIMMO NV
Position	Legal Representative
Date of birth	15/09/1993
Street	70 NIJVERHEIDSLAAN DEERLIJK
Post code	8540
Country	Belgium

Name	CHRIVANTI P 4287 VOF
Position	Director
Date of birth	20/03/2009
Street	111 VICHTESTRAAT DEERLIJK
Post code	8540
Country	Belgium
Name	CHRIVANTI P 4287 VOF
Position	Legal Representative
Date of birth	20/03/2009
Street	111 VICHTESTRAAT DEERLIJK
Post code	8540
Country	Belgium

Name	AUGUSTIJN NV
Position	Director
Date of birth	16/07/1990
Street	70 NIJVERHEIDSLAAN DEERLIJK
Post code	8540
Country	Belgium
Name	AUGUSTIJN NV
Position	Managing Director
Date of birth	16/07/1990
Street	70 NIJVERHEIDSLAAN DEERLIJK
Post code	8540
Country	Belgium

Name	LA LICORNE NV
Position	Managing Director
Date of birth	26/04/1991
Street	11 WAREGEMSESTRAAT KRUISHOUTEM
Post code	9771
Country	Belgium
Name	LA LICORNE NV
Position	Director
Date of birth	26/04/1991
Street	11 WAREGEMSESTRAAT KRUISHOUTEM
Post code	9771
Country	Belgium

Name	LUC DEJAGER
Position	Legal Representative
Street
Post code
Country

NEGATIVE INFORMATION

Court data summary

Bankruptcy details
Court action type	no
Protested bills
Bill amount	-
NSSO details
Date of summons	-

SHARE & SHARE CAPITAL INFORMATION

Na

PAYMENT INFORMATION

Payment expectations

Past payments		Payment expectation days	-
Industry average payment expectation days	118.79	Industry average day sales outstanding	154.42
Day sales outstanding	-

GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate holding company

Safe number	Company name	Company Number
BE00300770	Carpimmo NV	450918752

FINANCIAL INFORMATION

Accounts & ratios

Date of latest accounts	Turnover	Profit Before Tax	Net worth
31/12/2010		29,814	104,206
31/12/2009		-41,662	74,388
31/12/2008		3,021	115,972

Accounts & ratios

Date of latest accounts	Balance Total	Investments	Capital	Cash Flow	Number of Employees
31/12/2010	2,494,818	8,406	62,000	82,430	1
31/12/2009	2,965,187	17,138	62,000	73,306	1
31/12/2008	2,172,777	15,625	62,000	56,494	0

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Trends

Profitability
Liquidity
Net worth

NOTES & COMMENTS

Significant Events

Event Description	re-appointment of director(s)
Event Details	Commentaar 14-05-2010: Herbenoeming bestuurders voor een periode van 6jaar: La Licorne NV (tevens gedelegeerd bestuurder), Augustijn NV, Carpimmo NV, Dasinvest NV, Clatimmo NV, Chrivanti VOF en Alert Business Advice BVBA.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.06
UK Pound	1	Rs.77.19
Euro	1	Rs.65.57

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.