FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
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• granting any security interest (‘‘sûreté réelle’’) or guarantee (‘‘sûreté personnelle’’) or entering into<br />
any agreement whose effect or object is to guarantee the performance of the obligations (such as<br />
the mortgages, liens, pledges, assignment of receivables) and in particular granting such security<br />
interest or guarantee (or entering into such acts) in order to guarantee the performance by a third<br />
party of its obligations;<br />
– and generally all transactions (whether financial, commercial, industrial, non-commercial, property or<br />
capital) directly or indirectly concerning the above-mentioned object or any similar or related objects<br />
and which, in any case, directly or indirectly further the expansion or achievement of such goals, with<br />
the exception of those transactions pursuant to which the company may lose its status as a civil<br />
company.<br />
PPP has not engaged, since its incorporation, in any activities other than those described in its corporate<br />
purpose and those incidental thereto and registration as a private limited company under the laws of<br />
France, the authorisation of the documents and matters referred to or contemplated in this document to<br />
which it is or will be a party (including but not limited to the Commercial Mortgage Loan Agreement and<br />
the granting of security for repayment of the Commercial Mortgage Loan Agreement) and matters which<br />
are incidental or ancillary to the foregoing. Other than as described in the foregoing sentence, PPP has<br />
not, since its incorporation, engaged in any activities.<br />
Manager (‘‘Gérant’’)<br />
The manager of PPP and its business address and other principal activities are:<br />
Name Business Address Other Principal Activities<br />
Mr. Jean-Pierre Raynal<br />
36 avenue Hoche<br />
Manager of Paris Provinces<br />
75008 Paris<br />
S.C.I.<br />
PPP has no employees.<br />
Capitalisation and Indebtedness Statement<br />
It is estimated that the capitalisation of PPP on or about the Closing Date will be as follows:<br />
Share Capital:<br />
Authorised and issued:<br />
u12,300,000 ordinary shares of u1 each, 12,299,999 of which are fully paid up and are held by Paris<br />
<strong>Properties</strong> and 1 of which is fully paid up and is held by SPCR.<br />
Loan Capital:<br />
Commercial Mortgage Loan Agreement (to be advanced on or about the Closing Date)<br />
u100,411,500<br />
Save for the foregoing, at the date of this document, PPP has no borrowings or indebtedness in the nature<br />
of borrowings (including loan capital issued, or created but unissued), term loans, liabilities under<br />
acceptances or acceptance credits, mortgages, charges or guarantees or other contingent liabilities. All<br />
loan capital is secured over the assets of PPP.<br />
Management Report – certification of accounts<br />
The following is the text of a report dated 14 June <strong>2005</strong> received by the president of PPP from Mazars &<br />
Guerard, the registered auditors to PPP. The financial information contained therein comprises PPP’s<br />
statutory accounts. Statutory accounts were delivered each year to the companies’ registrar (‘‘greffe du<br />
tribunal de commerce’’) since incorporation. PPP’s accounting year end is 31 December with the first<br />
statutory accounts being drawn up to 31 December 2002.<br />
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