MIRA INFORM REPORT

Report Date :

13.01.2012

IDENTIFICATION DETAILS

Name :	ACETO B.V.

Registered Office :	Jan Ligthartstraat 75 II, 1964HA Heemskerk

Country :	Netherlands

Financials (as on) :	30.06.2010

Date of Incorporation :	23.04.1990

Com. Reg. No.:	35028967

Legal Form :	Limited Company

Line of Business :	Wholesale of pharmaceutical goods

No. of Employees :	3

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 :	€ 200.000

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)

Netherlands

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

CONTACTINFORMATION

Company name Aceto B.V.

Tradename Aceto B.V.

Address Jan Ligthartstraat 75 II

1964HA Heemskerk

Netherlands

Mail address Jan Ligthartstraat 75 II

1964HA Heemskerk

Netherlands

Telephone number 0251252322

Telefax number 0251234874

E-mail address info@acetobv.com

Website www.acetobv.com

VAT number / RSIN 008558231

Branch(es) Aceto B.V. (35028967.0001)

Spoetnikstraat 1 1562BM KROMMENIE

CREDIT LIMIT

Credit limit

A credit of € 200.000 may be granted

COMPANY STRUCTURE

Shareholder	Aceto (Holding) B.V.
	Jan Ligthartstraat 75
	1964HA HEEMSKERK
	Netherlands
	KvK: 34152781
	Active since: 26-03-2001
	Percentage: 100.00%
Ultimate parent company	Aceto Luxembourg S.a.r.l.
	Luxembourg
	990005114686
Holding company	Aceto (Holding) B.V.
	Jan Ligthartstraat 75
	1964HA HEEMSKERK
	KvK: 34152781

Bank

ABN Amro Bank NV

ING Bank NV

Real Estate Unknown

The real estate is checked at the land registration office

MANAGEMENT

Management

J.M. van Eis

Johannes Martinus

Authorization: Jointly authorized

Position: Manager

Date appointed: 05-02-2007

V.G. Miata

Vincent George

Authorization: Jointly authorized

Position: Manager

Date appointed: 20-11-2009

Date of birth: 10-09-1953

J.M. van Eis Johannes Martinus

Authorization: Limited authorization (max: € 500.000)

Position: Proxy

Date appointed: 22-03-2007

Date of birth: 28-01-1958

V.G. Miata

Vincent George

Authorization: Limited authorization (max: € 500.000)

Position: Proxy

Date appointed: 20-11-2009

Date of birth: 10-09-1953

PAYMENT INFORMATION

Payment experiences No Complaints

FINANCIAL INFORMATION

Publication financial statement

Annual accounts 2010 are published on 02-08-2011

(Broken accounting year)

Annual accounts 2009 are published on 15-03-2010

(Broken accounting year)

Annual accounts 2008 are published on 15-03-2010

(Broken accounting year)

Annual accounts 2007 are published on 21-07-2008

(Broken accounting year)

Type of publication

Publication

Corporate

Steady

CORE FIGURES
BOOKYEAR	2010	2009	2008
Quick ratio	1,38	1,24	1,10
Current ratio	1,58	1,54	1,39
Nett workingcapital / Balance total	0,36	0,35	0,28
Capital and reserves / Balance total	0,37	0,35	0,29
Capital and reserves / Fixed assets	76,25	36,37	16,48
Solvency	0,58	0,55	0,41
Nett workingcapital	1.806.000	1.463.000	1.035.000
Capital and reserves	1.830.000	1.491.000	1.088.000
Change capital and reserves	22,74%	37,04%	16,74%
change short term liabilities	15,16%	2,68%	-1,19%

Annual accounts The company is obligated to publish its annual accounts

Last annual accounts 2010

BALANCE sheet

BOOKYEAR	2010	2009	2008
End of bookyear	30-06-2010	30-06-2009	30-06-2008
Tangible assets	24.000	41.000	66.000
Fixed assets	24.000	41.000	66.000

Stocks and work in progress	604.000	805.000	758.000
Accounts receivable	2.826.000	2.172.000	1.963.000
Liquid assets	1.514.000	1.211.000	968.000
Current assets	4.944.000	4.188.000	3.689.000
Total assets	4.968.000	4.229.000	3.755.000

Capital and reserves	1.830.000	1.491.000	1.088.000
Provisions		13.000	13.000
Other short term debts	3.138.000	2.725.000	2.654.000
Total short term debt	3.138.000	2.725.000	2.654.000
Total debt	3.138.000	2.738.000	2.667.000
Total Liabilities	4.968.000	4.229.000	3.755.000

History

Management	Since 20-11-2009 manager Vincent George Miata appointed. Since 20-11-2009 is Proxy Vincent George Miata appointed. Since 20-11-2009 manager Leonard Stanley Schwartz out of office. Since 20-11-2009 is Proxy Leonard Stanley Schwartz out of office.
Other publications	Date of filing: 10 march 2010 Type of deposit: ex article 2:408 BW consolidated financial statements 2008 van Aceto Corporation..

Company structure

Aceto Luxembourg S.a.r.l. (990005114686)

Luxembourg

Aceto (Holding) B.V. (34152781)

HEEMSKERK

Subsidiary

Aceto B.V. (35028967)

Heemskerk Subsidiary

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.83
UK Pound	1	Rs.79.42
Euro	1	Rs.65.90

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.

Employees	Total: 3
Employees according to CoC	Chamber of commerce: 3
Bookyear	2012	2010	2009
Number	3	3	3
Change	0,00%	0,00%	0,00%

CONTACTINFORMATION

CREDIT LIMIT

COMPANY INFORMATION

COMPANY STRUCTURE

Bank

MANAGEMENT

PAYMENT INFORMATION

FINANCIAL INFORMATION

BALANCE sheet

History

Company structure

Unit