A DISCUSSION OF THE PROPOSAL TO DIVERSIFY OUR PACKAGING SUPPLIES BY...

3. A discussion of the proposal to diversify our packaging supplies by transferring a proportion of our annual requirement from Jugson to Tryphik in 2011. Your discussion should consider the general benefits and risks to Kreem of having multiple sources rather than a single source for its packaging supplies. It should also address the specific operational and ethical aspects (including corporate responsibility) of transferring some of the packaging work to this new supplier based outside the UK. I look forward to reading your draft report.

Rameet

EXHIBIT 16

Kreem Ltd: Management accounts for the year ended 30 June 2010

Income statement Notes £000 Revenue 1, 2 37,388 Cost of sales 3 (14,995) Gross profit 1 22,393 Other costs 4 (13,999) EBITDA 8,394 Depreciation and amortisation (1,683) Operating profit 6,711 Net interest payable (1,400) Profit on ordinary activities before taxation 5,311 Tax charge on profit on ordinary activities (1,487) Profit for the financial year 3,824 Statement of financial position £000 Non-current assets Intangible assets 24,375 Tangible assets 146