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IMPSA S.A. Audit Report / Information 2006

Dec 12, 2006

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PT

PRESENTA TREUHAND – UND VERWALTUNGS-ANSTALT

Report of the auditor´s

Annual Account

for the financial year ended

September 30th , 2006

Ebondale

Corporation N.V.

Curaçao

Arnikaweg 15 . Postfach 1515 . FL-9490 Vaduz

Telefon +423 265 57 75 . Telefax +423 265 57 76 .

[email protected] . www.presenta.li

PT

PRESENTA TREUHAND – UND VERWALTUNGS-ANSTALT

Report of the auditors to the general meeting of

EBONDALE CORPORATION N.V., Curaçao

As auditors of your company we have examined the accounts ended September 30th , 2006, in accordance with the provisions of the law.

We have come to the conclusion that

  • the balance sheet and profit and loss account are in agreement with the books,
  • the books of account have been properly kept,
  • the financial position and the results of operations are presented in accordance with the principles of evaluation prescribed by the law and the requirements of the statutes.

Based on the result of our examination we recommend that the accounts submitted to you be approved.

Vaduz, November 10th , 2006 /rba

PRESENTA Treuhand-und

Verwaltungs- Anstalt

Arnikaweg 15 . Postfach 1515 . FL-9490 Vaduz

Telefon +423 265 57 75 . Telefax +423 265 57 76 .

[email protected] . www.presenta.li

EBONDALE CORPORATION N.V., Curaçao

BALANCE SHEET as per September 30th, 2006

ASSETS USD

Impsa Hugal AG (nom. CHF 400´000) 269´905.53

Adjustment participation -269´904.85

Impsa Hugal AG (shareholder´s loan) 4´066´741.20

Adjustment (shareholder´s loan) -2´996´402.27

_________________

Total Impsa Hugal AG, Luzern 1´070´339.61

Quadris Limited 0.00

_________________

Total receivables 0.00

Prepayments and accrued income 1´304.94

TOTAL ASSETS 1´071´644.55

LIABILITIES USD

Issued share capital 6´000.00

Additional paid-in capital 3´958´984.21

Retained losses -3´223´313.54

Net profit 28´716.01

_________________

Total shareholder´s equity 770´386.68

Quadris Limited 0.00

Other creditors 298´868.13

_________________

Total accounts payable 298´868.13

Accruals and deffered income 2´389.74

TOTAL LIABILITIES 1´071´644.55

Ebondale Corporation N.V.

EBONDALE CORPORATION N.V., Curaçao

PROFIT & LOSS STATEMENT from 01/01/2006 – 09/30/2006

EXPENSES USD

Total Administration

Administration -5´715.92

Management fees -3´049.46

Audit fees -1´758.74

Board of Director´s fee -1´821.81

_______________

TOTAL EXPENSES -12´345.93

Currency adjustment (unrealized) 41´061.94

_______________

TOTAL CURRENCY ADJUSTMENT 41´061.94

INCOME USD

Total Revenues 0,00

_______________

NET OPERATING INCOME 0,00

Result as per 06/30/2006 28´716.01

Ebondale Corporation N.V.