TRANSLATION FROM ROMANIAN ________________________________________________________________

County: Timis

Legal person: ABC SRL

Address:

Number at the Trade Register:

Property form: limited liability trade companies

Main business: Manufacturing of parts and accessories for vehicles and vehicle engines

Tax number:

BALANCE SHEET

concluded on December 31, 2007

Form 10 - page 1

- RON -

NAME OF THE INDICATOR

line BALANCE ON

01/01/2007 31/12/2007

A B 1 2

A. Fixed assets

I. INTANGIBLES

1. Set-up costs (acc. 201-2801) 01 0 0

2. Development costs (acc. 203-2803-2903) 02 0 0

3. Concessions, patents, licenses, trademarks and similar rights

and assets (acc. 205+208-2805-2808-2905-2908)

03 116940 586586

4. Goodwill (acc. 2071-2807-2907) 04 0 0

5. Advance payments and intangible assets in progress (acc.

233+234-2933)

05 0 0

TOTAL: (line 01 to 05) 06 116940 586586

II. TANGIBLES

1. Land and buildings (acc. 211+212-2811-2812-2911-2912) 07 11084577 11263106

2. Plant and equipment (acc. 213-2813-2913) 08 8626893 12584924

3. Other plants, equipment and furniture (acc. 214-2814-2914) 09 538074 540018

4. Advance payments and tangible assets in progress (acc.

231+232-2931)

10 957303 2722161

TOTAL: (line 07 to 10) 11 21206847 27110209

III. FINANCIAL FIXED ASSETS

1. Investments in subsidiaries (acc. 261-2961) 12 0 0

2. Loans to subsidiaries (acc. 2671+2672-2964) 13 0 428

3. Investments in associates (acc. 263-2962) 14 0 0

4. Loans to associates (acc. 2673+2674-2965) 15 0 0

5. Investments as intangibles (acc. 265-2963) 16 0 0

6. Other loans (acc. 2675+2676+2678+2679-2966-2968) 17 0 0

TOTAL (line 12 to 17) 18 0 428

FIXED ASSETS - TOTAL (line 06+11+18) 19 21323787 27697223

B. CIRCULATING ASSETS

I. INVENTORIES

1. Raw materials and consumables (acc. 301+302+303+/-

308+351+358+381+/-388-391-392-3951-3958-398)

20 4971759 7156140

2. Work in progress (acc. 331+332+341+/-348-393-3941-

3952)

21 172341 242318

3. Finished goods and goods purchased for resale (acc.

345+346+/-348+354+356+357+361+/-368+371+/-378-3945-

3946-3953-3954-3956-3957-396-397-4428)

22 1094482 1986986

4. Advance payments to suppliers for the purchase of

inventories (acc. 4091)

23 0 0

TOTAL: (line 20 to 23) 24 6238582 9385444

II. RECEIVABLES (amounts to be collected after one year

have to be indicated separately for each element)

1. Commercial receivables (acc. 2675+2676+2678+2679-

2966-2968+4092+411+413+418-491)

25 4759249 13409755

2. Receivables from subsidiaries (acc. 451-495) 26 0 0

3. Receivables from associates (acc. 453-495) 27 0 0

4. Other receivables (acc.

425+4282+431+437+4382+441+4424+4428+444+445+446+

447+4482+4582+461+473-496+5187)

28 6915284 1756374

5. Subscribed and not paid in share capital (acc. 456-495) 29 0 0

TOTAL: (line 25 to 29) 30 11674533 15166129

III. SHORT TERM FINANCIAL INVESTMENTS

1. Shares in subsidiaries (acc. 501-591) 31 0 0

2. Other short term investments (acc. 505+506+508-595-596-

598+5113+5114)

32 0 0

TOTAL: (line 31+32) 33 0 0

IV. CASH REGISTER AND BANK ACCOUNTS (acc.

5112+512+531+532+541+542)

34 2361671 7065924

CIRCULATING ASSETS - TOTAL (line 24+30+33+34) 35 20274786 31617497

C. EXPENSES IN ADVANCE (acc. 471) 36 965 72928

D. DEBTS TO BE PAID IN PERIOD SHORTER THAN 1

YEAR

1. Debenture loans (acc. 161+1681-169) 37 0 0

2. Debts towards credit institutions (acc.

1621+1622+1624+1625+1627+1682+5191+5192+5198)

38 0 0

3. Advance payments from customers (acc. 419) 39 99040 155560

4. Commercial debts - suppliers (acc. 401+404+408) 40 27643418 58196839

5. Bills of exchange payable (acc. 403+405) 41 0 0

6. Debts towards companies within the group (acc.

1661+1685+2691+451)

42 0 0

7. Debts towards associates (1663+1686+2692+453) 43 0 0

8. Other debts, including tax debts and debts related to social

securities (acc. 1623+1626+167+1687+2693+421+423+

424+426+427+4281+431+437+4381+441+4423+4428+444+4

46+447+4481+455+456+457+4581+462+473+509+5186+519

3+5194+5195+5196+5197)

44 1344701 2891220

TOTAL: (line 37 to 44) 45 29087159 61243619

E. NET CIRCULATING ASSETS/NET CURRENT DEBTS

(line 35+36-45-62)

46 -8811408 -29553194

F. TOTAL ASSETS MINUS CURRENT DEBTS (line 19+46) 47 12512379 -1855971

G. DEBTS TO BE PAID IN PERIOD LONGER THAN 1

YEAR

1. Debenture loans (acc. 161+1681-169) 48 0 0

2. Debts towards credit institutions (acc.

1621+1622+1624+1625+1627+1682+5191+5192+5198)

49 0 0

3. Advance payments from customers (acc. 419) 50 0 0

4. Commercial debts - suppliers (acc. 401+404+408) 51 0 0

5. Bills of exchange payable (acc. 403+405) 52 0 0

6. Debts towards companies within the group (acc.

1661+1685+2691+451)

53 21970905 33383519

7. Debts towards associates (1663+1686+2692+453) 54 0 0

8. Other debts, including tax debts and debts related to social

securities (acc.1623+1626+167+1687+2693+421+423+424+

426+427+4281+431+437+4381+441+4423+4428+444+446+

447+4481+455+456+457+4581+462+473+509+5186+5193+

5194+5195+5196+5197)

55 505666 401475

TOTAL: (line 48 to 55) 56 22476571 33784994

H. PROVISIONS

1. Provisions for pensions and related payables (acc. 1515) 57 0 0

2. Provisions for taxes (acc. 1516) 58 0 0

3. Other provisions (acc. 1511+1512+1513+1514+1518) 59 0 2740206

TOTAL: (line 57 to 59) 60 0 2740206

I. DEFERRED INCOME

- Grants for investments (acc. 131+132+133+134+138) 61 0 0

- Deferred income (acc. 472) 62 0 0

TOTAL: (line 61 + 62) 63 0 0

J. SHARE CAPITAL AND RESERVES

I. SHARE CAPITAL

1. Paid in share capital (acc. 1012) 64 11049958 11049958

2. Not paid in share capital (acc. 1011) 65 0 0

3. Assets (autonomous companies) (acc. 1015) 66 0 0

TOTAL: (line 64 to 66) 67 11049958 11049958

II. PREMIUM RELATED TO SHARE CAPITAL (acc. 104) 68 0 0

III. REVALUATION RESERVE (acc. 105) 69 0 203192

IV. RESERVES

1. Legal reserve ( acc. 1061) 70 0 0

2. Statutory or contractual capital reserve (acc. 1063) 71 0 0

3. Reserve representing surplus from revaluation reserve (acc.

1065)

72 0 0

4. Other reserves (acc. 1068) 73 0 0

TOTAL (line 70 to 73) 74 0 0

Own shares (acc. 109) 75 0 0

Profit from instruments of own capitals (acc. 141) 76 0 0

Loss from instruments of own capitals (acc. 149) 77 0 0

V. PROFIT OR LOSS CARRIED FORWARD

Credit balance (acc. 117) 78 0 0

Debit balance (acc. 117) 79 5717625 21156303

VI. PROFIT OR LOSS OF THE FINANCIAL YEAR

Credit balance (acc. 121) 80 0 0

Debit balance (acc. 121) 81 15296525 28478018

Profit distribution (acc. 129) 82 0 0

OWN CAPITALS - TOTAL (line 67+68+69+74-75+76-

77+78-79+80-81-82)

83 -9964192 -38381171

Assets (autonomous companies) (acc. 1016) 84 0 0

CAPITALS / TOTAL (line 83+84) 85 -9964192 -38381171

Director, Financial Manager

PROFIT AND LOSS ACCOUNT

concluded on December 31, 2007

Form 20 - Page 1 - RON

NAME OF THE INDICATOR LINE Income in the reporting period

31/12/2006 31/12/2007

A B 1 2

1. NET TURNOVER (line 02 to 05) 01 14035951 49206617

Sold production (acc. 701+702+703+704+705+706+708) 02 14035951 48940681

Sale of goods purchased for resale (acc. 707) 03 0 265936

Interest income of leasing companies (acc. 766) 04 0 0

Incomes from the operation subsidies related to the net

turnover (acc. 7411)

05 0 0

2. Variation of the inventory (acc. 711) - Credit balance 06 1296357 1086287

and of the work in progress - Debt balance 07 505996 0

3. Capitalized costs of intangible and tangible non-current

assets (acc. 721+722)

08 0 0

4. Subsidies related to other incomes (acc. 7417+758) 09 2613895 2491237

INCOMES FROM OPERATION - TOTAL (line 01+06-

07+08+09)

10 17440207 52784141

5. a) Expenses with raw materials and consumables (acc.

601+602-7412)

11 14006472 38737626

Other material expenses (acc. 603+604+606+608) 12 713645 477866

b) Other expenses (power and water) (acc. 605-7413) 13 385583 640202

c) Goods for resale (acc. 607) 14 0 185112

6. Personnel expenses (line 16+17) of them: 15 2665301 8489593

a) Salaries (acc. 641+642-7414) 16 2036454 6664963

b) Expenses with insurances and social security (acc. 645-

7415)

17 628847 1824630

7. a) Depreciation and provisions for depreciation of tangibles

and intangibles (line 19-20)

18 1088186 2025681

a.1) Expenses (acc. 6811+6813) 19 1088186 2025681

a.2) Incomes (acc. 7813) 20 0 0

b) Adjustment of the value of circulating assets (line 22-23) 21 0 0

b.1) Expenses (acc. 654+6814) 22 0 0

b.2) Incomes (acc. 754+7814) 23 0 0

8. Other expenses from operation (line 25 to 28) 24 14735952 21876030

8.1 Expenses regarding external services (acc. 611+612+613+

614+621+622+623+624+625+626+627+628-7416)

25 14460722 20350345

8.2 Expenses with other taxes, fees and assimilated deposits

(acc. 635)

26 60956 314960

8.3 Expenses with indemnification, donations and assigned

assets (acc. 658)

27 214274 1210725

Expenses with refinancing interests registered by leasing

companies (acc. 666)

28 0 0

Adjustments related to provisions for risks and expenses (line

30-31)

29 0 2740206

- Expenses (acc. 6812) 30 0 2740206

- Incomes (acc. 7812) 31 0 0

EXPENSES FROM OPERATION – TOTAL

(line 11 to 15+18+21+24+29)

32 33595139 75172316

BALANCE FROM OPERATION - Profit (line 10-32) 33 0 0

- Loss (line 32-10) 34 16154932 22388175

9. Revenues from long term investments (acc. 7611+7613) 35 0 0

- of them, within the group 36 0 0

10. Revenues from long term receivables (acc. 763) 37 0 0

- of them, within the group 38 0 0

11. Interest income (acc. 766) 39 30049 69578

- of them, within the group 40 0 0

Other financial income (acc. 762+764+765+767+768) 41 2323227 3617782

FINANCIAL INCOMES - TOTAL (line 35+37+39+41) 42 2353276 3687360

12. Adjustment of the financial fixed assets and of financial

investments held as circulating assets (line 44-45)

43 0 0

- Expenses (acc. 686) 44 0 0

- Incomes (acc. 786) 45 0 0

13. Expenses with interests (acc. 666-7418) 46 708193 1003655

- of them, within the group 47 0 0

Other financial expenses (acc. 663+664+665+667+668) 48 786676 8773548

FINANCIAL EXPENSES - TOTAL (line 43+46+48) 49 1494869 9777203

FINANCIAL BALANCE - Profit (line 42-49) 50 858407 0

- Loss (line 49-42) 51 0 6089843

14. CURRENT BALANCE - Profit (line 10+42-32-49) 52 0 0

- Loss (line 32+49-10-42) 53 15296525 28478018

15. Extraordinary revenues (acc. 771) 54 0 0

16. Extraordinary expenses (acc. 671) 55 0 0

17. PROFIT OR LOSS FROM EXTRAORDINARY

OPERATION - Profit (line 54-55)

56 0 0

- Loss (line 55-54) 57 0 0

TOTAL REVENUES (line 10+42+54) 58 19793483 56471501

TOTAL EXPENSES (line 32+49+55) 59 35090008 84949519

GROSS PROFIT OR LOSS - Profit (line 58-59) 60 0 0

- Loss ( line 59-58) 61 15296525 28478018

18. Income tax (acc. 691) 62 0 0

19. Other taxes not represented above (acc. 698) 63 0 0

20. NET PROFIT OR LOSS OF THE FINANCIAL YEAR

- Profit (line 60-61-62-63)

64 0 0

- Loss (line 61+62+63-60) 65 15296525 28478018

Director, Financial Manager

INFORMATIVE DATA

on December 31, 2007

Form 30 - page 1

I. Data regarding the recorded balance Line Number of

organizations

Amounts

Organizations that have recorded profit 01 0 0

Organizations that have recorded loss 02 1 28478018

II. Data regarding due payments

Line

Total

(col. 2+3)

Of them:

For current

business

For investment

business

A B 1 2 3

DUE PAYMENTS - TOTAL (line 04+08+14 to

18+22), of them:

03 34499473 34499473 0

Suppliers with due payments - total (line 05 to

07), of them:

04 34499473 34499473 0

- over 30 days 05 5514524 5514524 0

- over 90 days 06 28447170 28447170 0

- over 1 year 07 537779 537779 0

Company’s due contributions to the budget of

social securities - total (line 09 to 13), of them:

08 0 0 0

- contributions of employees, employers and

other assimilated persons to the state social

securities

09 0 0 0

- contributions to the state health insurance fund 10 0 0 0

- contributions to the additional retirement

pension

11 0 0 0

- contributions to the budget of unemployment

insurance

12 0 0 0

- other social debts 13 0 0 0

Due payments to the budgets of special funds

and other funds

14 0 0 0

Due payments to other creditors 15 0 0 0

Unpaid taxes and fees at the established

deadline to the state budget

16 0 0 0

Unpaid taxes and fees at the established

deadline to local budgets

17 0 0 0

Bank credits not reimbursed at due date - total

(line 19 to 21), of them:

18 0 0 0

- due after 30 days 19 0 0 0

- due after 90 days 20 0 0 0

- due after 1 year 21 0 0 0

Due interests 22 0 0 0

III. Average number of employees Line 31.12.2006 31.12.2007

Average number of employees 23 173 350

IV. Payments of interests and royalties

Line Amounts

(RON)

Gross incomes from interests paid by Romanian legal persons to

non-resident private persons from member states of the

European Union, of them:

24 0

- tax due to state budget 25 0

Gross incomes from interests paid by Romanian legal persons to

affiliated legal persons *), non-resident from member states of

the European Union, of them:

26 0

- tax due to state budget 27 0

Gross incomes from royalties paid by Romanian legal persons to

affiliated legal persons *), non-resident from member states of

the European Union, of them:

28 0

- tax due to state budget 29 0

V. Meal vouchers Line Amounts

(RON)

Equivalent value of meal vouchers granted to employees 30 538065

VI. Innovation expenses Line 31.12.2006 31.12.2007

- innovation expenses completed during the term 31 0 0

- innovation expenses to be completed during the term 32 0 0

- innovation expenses abandoned during the term 33 0 0

Director, Financial Manager

STATUS OF THE INVESTED ASSETS

Form 40 – page 1 - RON -

Elements of invested assets

Line

Gross values

Initial

balance

Increases Reductions Final

balance (line 5 =

1+2-3) Total Of them:

partitions and

quashing

A B 1 2 3 4 5

Intangibles

Incorporation expenses and

development expenses

01 0 0 0 X 0

Other invested assets 02 166140 637080 0 X 803220

Prepayments and ongoing

intangibles

03 0 0 0 X 0

TOTAL (line 01 to 03) 04 166140 637080 0 X 803220

Tangibles

Lands 05 1300648 0 0 X 1300648

Constructions 06 10079870 460376 0 0 10540246

Technological equipment and

machines

07 9289765 5358042 30705 0 14617102

Other equipment, installations and

furniture

08 659215 196985 3291 0 852909

Prepayments and ongoing 09 957303 2682882 918024 X 2722161

tangibles

Financial invested assets 10 22286801 8698285 952020 0 30033066

Total (line 05 to 09) 11 0 428 0 X 428

Fixed assets - TOTAL (line

04+10-11)

12 22452941 9335793 952020 0 30836714

STATUS OF THE AMORTIZATION OF THE INVESTED ASSETS

- RON -

Elements of invested assets

Line

Initial

balance

Amortization

during the

year

Amortization

related to

deregistered

invested

assets

Amortization

at the end of

the year

(line 9=6+7-8)

A B 6 7 8 9

Intangibles

Incorporation expenses and

development expenses

13 0 0 0 0

Other invested assets 14 49200 167434 0 216634

Prepayments and ongoing intangibles 15 49200 167434 0 216634

TOTAL (line 13 + 14)

Tangibles

Lands 16 0 0 0 0

Constructions 17 295941 281847 0 577788

Technological equipment and

machines

18 662872 1384650 15344 2032178

Other equipment, installations and

furniture

19 121141 191750 0 312891

Total (line 16 to 19) 20 1079954 1858247 15344 2922857

Amortization - TOTAL (line 15+20) 21 1129154 2025681 15344 3139491

Form 40 – page 2 - RON -

Elements of invested assets

Line

Initial

balance

Provisions

established

during the

year

Provisions

taken over

in incomes

Final

balance (line

13 = 10+11-

12=

A B 10 11 12 13

Intangibles

Incorporation expenses and

development expenses

22 0 0 0 0

Other invested assets 23 0 0 0 0

Prepayments and ongoing intangibles 24 0 0 0 0

TOTAL (line 22 to 24) 25 0 0 0 0

Tangibles

Lands 26 0 0 0 0

Constructions 27 0 0 0 0

Technological equipment and

machines

28 0 0 0 0

Other equipment, installations and

furniture

29 0 0 0 0

Prepayments and ongoing tangibles 30 0 0 0 0

TOTAL (line 26 to 30) 31 0 0 0 0

Financial invested assets 32 0 0 0 0

Provisions for depreciation – Total

(line 25+31+32)

33 0 0 0 0

Director, Financial Manager