MIRA INFORM REPORT

Report Date :

17.11.2006

IDENTIFICATION DETAILS

Name :	SWISS SINGAPORE OVERSEAS ENTERPRISES PTE. LTD.

Registered Office :	^{3 Shenton Way, #14-01, Shenton House, 068805, Singapore}

Date of Incorporation :	^07/01/1978

Legal Form :	^{Pte Ltd}

Line of Business :	General wholesale trade (including general importers & exporters) Wholesale on a fee or contract basis (eg commission agencies)

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Satisfactory

Payment Behaviour :	Usually Correct

Litigation :	Exist

Subject Company

SWISS SINGAPORE OVERSEAS ENTERPRISES PTE. LTD.

Line Of Business

GENERAL TRADERS, COMMISSION AGENTS AND INDENTING AGENTING.

Parent Company

SOUTH EAST ASIAN EXPORT AND SERVICES CORP.INC

(PERCENTAGE OF SHAREHOLDING: 100.00%)

Financial Elements

FY 2004

CONSOLIDATED

Sales : S$960,429,658

Networth : S$70,396,989

Paid-Up Capital : S$34,111,310

Net result : S$14,431,241

Net Margin(%) : 1.50

Return on Equity(%) : 20.50

Leverage Ratio : 2.02

Rating

Credit Rating : + Singapore $ 50000001

COMPANY IDENTIFICATION

^{Subject
Company: SWISS SINGAPORE OVERSEAS ENTERPRISES PTE.}

^LTD.

^{Former
Name: -}

^{Business
Address: 3 SHENTON WAY}

^#14-01

^{SHENTON HOUSE}

^{Town: SINGAPORE}

^{Postcode: 068805}

^{County: -}

^{Country: Singapore}

^{Telephone: 6221
8455}

^{Fax: 6222 4984}

^{ROC
Number: 197800048Z}

^{Reg.
Town: -}

SUMMARY

^{Legal
Form :
PTE LTD}

^{Date
Inc. :
07/01/1978}

^{Previous
Legal Form :
-}

^{Summary
year :
31/03/2004}

^{All
amounts in this report are in :
SGD}

^{Sales :
960,429,658}

^{Networth :
70,396,989}

^{Capital :
45,000,000}

^{Paid-Up
Capital :
34,111,310}

^{Employees :
90}

^{Net
result :
14,431,241}

^{Share
value :
1}

^{Auditor :
FOO KON TAN GRANT THORNTON}

REFERENCES

^{Report
Date: 20/04/2006}

^{Update
Date: 20/04/2006}

^{Credit
Requested: -}

^{Credit
Opinion: -}

^{Litigation: YES}

^{Company
status: TRADING}

^{Started: 07/01/1978}

PRINCIPAL(S)

^{PRAVEEN
KUMAR JAIN
S2669189C Director}

DIRECTOR(S)

^{RAMAKANT
RATHI 6118609 Director}

^{Appointed
on: 25/02/1994}

^{Street: CHRIESIMATT
33}

^{6340 BAAR/ZG}

^{Town: SWITZERLAND}

^{Postcode: -}

^{Country: Switzerland}

^{RANDHIR
RAM CHANDRA
S1272119F Company Secretary}

^{Appointed
on: 07/05/1999}

^{Street: 7
HIGHLAND ROAD}

^{Town: SINGAPORE}

^{Postcode: 549106}

^{Country: Singapore}

^{VENKITESWARAN
HARIHARAN S1585158I Company Secretary}

^{Appointed
on: 07/05/1999}

^{Street: 28
LORONG L TELOK KURAU}

^{Town: SINGAPORE}

^{Postcode: 425440}

^{Country: Singapore}

^{PRAVEEN
KUMAR JAIN
S2669189C Director}

^{Appointed
on: 01/06/1997}

^{Street: 1
RHU CROSS}

^#07-07

^{Town: SINGAPORE}

^{Postcode: 437431}

^{Country: Singapore}

FORMER DIRECTOR(S)

^{KARTAR
SINGH THAKRAL S0645091A}

^{MANAK
CHAND MAHESWARI S2583525E}

^{LALKAKA
CAVAS JEHANGIR 5401038}

^{SHYAM
SUNDER MAHANSARIA L683448}

^{BASANT
KUMAR MAHESHWARI S2613463C}

ACTIVITY(IES)

^{IMPORTERS
And EXPORTERS}^{Code: 11760}

^{COMMISSION
MERCHANTS}^{Code: 4990}

^{TIMBER
- COMMISSION}^{Code: 21640}

^{STEEL
PRODUCTS}^{Code: 20410}

^{FERTILIZERS
- WHSLE And MFRS}^{Code: 8710}

^{BASED
ON ACRA'S RECORD AS AT 24/03/2006}

^{1)
GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS & EXPORTERS)}

^{2)
WHOLESALE ON A FEE OR CONTRACT BASIS (EG COMMISSION AGENCIES)}

CHARGES

^{Date: 17/08/1988}

^{Amount: 810,000}

^{Comments: CHARGE
NO: 2772/88 (DISCHARGED)}

^{CHARGEE:
WAYFOONG
MORTAGE & FINANCE SINGAPORE LTD}

^{Date: 23/06/1983 ]}

^{Amount: 464,000}

^{Comments: (DSICHARGED)}

^{Date: 14/08/1996}

^{Comments: CHARGER
NO: 9604772}

^{SECURED:
0.00 AND ALL
MONIES OWING}

^{CHARGEE:
BANGKOK BANK
PUBLIC CO LTD}

PREMISES/PROPERTY INFORMATIONS

^{Date: 03/08/2005}

^{Tax
rate: 10}

^{Site
Address: 3 SHENTON WAY}

^#14-01

^{SHENTON HOUSE}

^{Town: SINGAPORE}

^{County: -}

^{Postcode: 068805}

^{Country: Singapore}

^{Annual
Value: 46,500}

*TAX RATE OF 4% MEANS THE ADDRESS (I.E RESIDENTIAL PROPERTY) IS OWNER OCCUPIED.

*TAX RATE OF 10% MEANS THE ADDRESS (I.E RESIDENTIAL PROPERTY) IS PARTIALLY OR

FULLY RENTED OUT BY THE OWNER/OWNED BY COMPANY.

*FOR PROPERTIES OTHER THAN RESIDENTIAL PROPERTIES REGARDLESS RENTED OUT OR NOT, THE TAX RATE IS 10% (IE INDUSTRIAL AND COMMERCIAL PROPERTY).

*ANNUAL VALUE IS THE ESTIMATED ANNUAL RENT THE PROPERTY CAN FETCH IF IT WERERENTED OUT. THE ANNUAL VALUE IS DETERMINED IN THE SAME MANNER REGARDLESS OF WHETHER THE PROPERTY IS LET-OUT, OWNER-OCCUPIED OR VACANT.

BANKERS

^{BANGKOK
BANK PUBLIC COMPANY LIMITED}

^{STANDARD
CHARTERED BANK}

^{BANK
OF INDIA}

SHAREHOLDERS(S)

^{SOUTH
EAST ASIAN EXPORT AND SERVICES CORP. INC}^{34,111,310 Company}

^{Street: 80
BROAD STREET MONROVIA}

^{Town: -}

^{Postcode: -}

^{Country: Liberia}

FORMER SHAREHOLDER(S)

^{HOLDING
& IND PROMOTION}^231,250

^{BIRLA
AG ZUG SWITZERLAND}^499,998

^{KARTAR
SINGH THAKRAL}¹

^{MANAK
CHAND MAHESWARI}¹

^{LALKAKA
CAVAS JEHANGIR}¹

^{RAMAKANT
RATHI}¹

^{SHYAM
SUNDER MAHANSARIA}¹

^{BASANT
KUMAR MAHESHWARI}¹

^{BIRLA
INTERNATIONAL LTD}^7,499,998

HOLDING COMPANY

^{SOUTH
EAST ASIAN EXPORT AND SERVICES CORP. INC}^UF18848D^{%: 100}

SUBSIDIARY(IES)

^{MYANMAR
SWISS SINGAPORE COMPANY} ^LIMITED

^Myanmar

^{OVERSEAS
TRADING & SHIPPING CO PTE} ^LTD

Singapore

^{21ST
CENTURY HOLDING COMPANY}

Cayman Islands

^{SWISS
SINGAPORE OVERSEAS ENTERPRISE} ^{PTE
LTD C.I}

South Africa

^{NEW
MILLENIUM INVESTMENTS}

Cayman Islands

^{SWISS
SINGAPORE (BANGLADESH)} ^LIMITED

^Bangladesh

PAYMENT HISTORY AND EXPERIENCES

^{Trade
Morality: AVERAGE}

^{Liquidity: SUFFICIENT}

^{Payments: REGULAR}

^{Trend: UPWARD}

^{Financial
Situation: GOOD}

LITIGATION(S)

^{Type
Of Case: Magistrate Court - W/S}

^{Case
Number: MCS03572/2004}