MIRA INFORM REPORT

Report Date :

17.04.2007

IDENTIFICATION DETAILS

Name :	MIC PLASTICS

Registered Office :	^{50 Tagore Lane, #B1-07, Entrepreneur Centre, Singapore -787494}

Country :	Singapore

Date of Incorporation :	^16/04/1997

Com. Reg. No.:	^52843388A

Legal Form :	^Partnership

Line of Business :	Wholesaler and Distributor for a wide range of Packaging and Disposable Products.

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.	Small

Status :	Small Company

Payment Behaviour :	Regular

Litigation :	Clear

Subject Company

MIC PLASTICS

Line Of Business

WHOLESALER AND DISTRIBUTOR FOR A WIDE RANGE OF PACKAGING AND DISPOSABLE PRODUCTS

Parent Company

Financial Elements

Sales : -

Networth : -

Paid-Up Capital : -

Net result : -

Net Margin(%) : -

Return on Equity(%) : -

Leverage Ratio : -

Rating

Credit Requested : USD30,000 ON 60 DAYS TERMS

Credit Rating : ABOVE AVERAGE RISK

Credit Opinion : RECOMMEND ON USD27,000 ON 60 DAYS TERMS

COMPANY IDENTIFICATION

^{Subject Company: MIC PLASTICS}

^{Former Name: -}

^{Business Address: 50 TAGORE LANE}

^#B1-07

^{ENTREPRENEUR
CENTRE}

^{Town: SINGAPORE}

^{Postcode: 787494}

^{County: -}

^{Country: Singapore}

^{Telephone: 6484
9762}

^{Fax: 6484
1913}

^{ROC Number:
52843388A}

^{Reg. Town: -}

SUMMARY

^{All amounts in this report are in: SGD unless otherwise stated}

^{Legal Form: Partnership}

^{Date Inc.: 16/04/1997}

^{Previous Legal Form: Sole Proprietor}

^{Summary year: -}

^{Sales: -}

^{Net Worth: -}

^{Capital: -}

^{Paid-Up Capital: -}

^{Employees: 10}

^{Net result: -}

^{Share value: -}

REFERENCES

^{Litigation: No}

^{Company status: TRADING}

^{Started: 01/05/1997}

PRINCIPAL(S)

^{CHUA PHECK ENG S0345926H Manager}

DIRECTOR(S)

^{CHUA PHECK ENG S0345926H
Manager}

^{Appointed on: 14/04/1997}

^{Street: 246
BANGKIT ROAD}

^#04-290

^{Town: SINGAPORE}

^{Postcode: 670246}

^{Country: Singapore}

ACTIVITY(IES)

^{PLASTIC PRODUCTS Code:16940}

^{BASED ON ACRA'S RECORD AS AT 10/04/2007}

^{1. PLASTIC PRODUCT SERVICES}

CHARGES

No Charges On Premises/Property In Our Database

PREMISES/PROPERTY INFORMATIONS

No Premises/Property Information In Our Databases

BANKERS

^{MAY BANK}

^{DBS BANK LTD.}

SHAREHOLDERS(S)

^{CHUA PHECK ENG Partner}

^{Street: 246 BANGKIT ROAD}

^#04-290

^{Town: SINGAPORE}

^{Postcode: 670246}

^{Country: Singapore}

^{SEAH TENG CHOON Partner}

^{Street: 246 BANGKIT ROAD}

^#04-290

^{Town: SINGAPORE}

^{Postcode: 670246}

^{Country: Singapore}

^{SEAH YANG WEI MICHAEL (SHE YANGWEI Partner}

^{Street: 246 BANGKIT ROAD}

^#04-290

^{Town: SINGAPORE}

^{Postcode: 670246}

^{Country: Singapore}

SUBSIDIARY(IES)

No Participation In Our Database

PAYMENT HISTORY AND EXPERIENCES

^{Trade Morality: AVERAGE}

^{Liquidity: UNKNOWN}

^{Payments: REGULAR}

^{Trend: LEVEL}

^{Financial Situation: UNKNOWN}

LITIGATION(S)

No Litigation In Our Database

FINANCIAL COMMENTS

^PARTNERSHIP

^{BEING A PARTNERSHIP, THERE IS NO OBLIGATIONS ON
THE PART OF THE} ^{PARTNERS TO
SUPPLY REGULAR FINANCIAL UPDATES TO THE REGISTRY OF} ^{COMPANIES AND
BUSINESSES.THE CREDIT OPINION IS BASED ON NON-FINANCIAL} ^{INDICATORS
AS WELL AS OTHER BUSINESS ELEMENTS AND DATA AVAILABLE.}

^{NO FINANCIAL INFORMATION WAS REVEALED BY THE
MANAGEMENT.}

BACKGROUND/OPERATION

^{THE SUBJECT WAS REGISTERED IN THE REPUBLIC OF
SINGAPORE ON 16/04/1997} ^{AND COMMENCED BUSINESS ON 01/05/1997 AS A SOLE PROPRIETORSHIP AND
IS} ^{TRADING UNDER THE NAMESTYLE AS "MIC PLASTICS".}

^{SUBSEQUENTLY, SUBJECT CHANGED TO ITS CURRENT
BUSINESS ENTITY AS A} ^{PARTNERSHIP ON 01/04/2007.}

^{THE BUSINESS WAS FOUNDED BY CHUA PHECK ENG ON
14/04/1997, AND HE WAS} ^{SUBSEQUENTLY JOINED BY SEAH TENG CHOON AND SEAH YANG WEI MICHAEL} ^{(SHE YANGWEI MICHAEL) ON 01/04/2007.}

^{CHUA PHECK ENG IS ALSO THE CURRENT MANAGER OF
THE BUSINESS.}

^{THE LICENCE WAS RENEWED ON 22/03/2007 AND
WILL EXPIRE ON 16/04/2008.}

^{PRINCIPAL ACTIVITIES:}

^{SUBJECT IS REGISTERED WITH THE ACCOUNTING AND
CORPORATE REGULATORY} M^{AUTHORITY (ACRA) TO BE PRINCIPALLY ENGAGED IN THE BUSINESS OF:}

^{1) PLASTIC PRODUCT SERVICES}

^{FROM OUR RESEARCH DONE, THE FOLLOWING
INFORMATION HAS BEEN GATHERED.}

^ACTIVITIES

^{- WHOLESALER AND DISTRIBUTOR FOR A WIDE RANGE
OF PACKAGING AND} ^{DISPOSABLE
PRODUCTS}

^PRODUCTS

^*INDUSTRIAL

^{- PP NYLON STRINGS}

^{- NYLON STRINGS}

^{- IMPULSE SEALER MACHINE}

^{- PALLET STRETCH FILMS}

^{- ADHESIVE TAPES}

^{- MASKING TAPES}

^{- COTTON GLOVES}

^{- WHITE/BLACK GARBAGE BAGS}

^*MEDICAL

^{- PLAIN ZIP-LOCK BAGS}

^{- DISPOSABLE APRONS}

^{- VINYL GLOVES}

^{- WHITE SINGLET BAGS}

^{- LATEX GLOVES}

^{- DISPOSABLE FACE MASK}

^*FOOD

^{- FOAM TRAYS}

^{- FOAM PLATES}

^{- FOAM BOXES}

^{- LAMINATED FOOD WRAP PAPER}

^{- BENTO BOXES}

^{- OPS BOXES}

^{- ALUMINIUM TRAYS}

^{- FOOD GRADE STRETCH FILM}

^{- PAPER SERVIETTES}

^{- ALUMINIUM FOILS}

^{- FOOD WRAPPING FILM}

^{- ETC.}

^{*MISCELLANEOUS}

^{- DISPOSABLE COAT COVER WITH ZIP}

^{- HDPE SOFT-LOOP CARRIERS}

^{- PP WOVEN BAGS}

^{- PP WOOVEN APRONS}

^{- HDPE KIDNEY-PONCHED HANDLE BAGS}

^{- DISPOSABLE HDPE RAIN-COAT}

^{INDUSTRIES SERVED}

^{- INDUSTRIAL}

^{- MEDICAL}

^{- CATERING}

^{IMPORT COUNTRIES}

^{- CHINA, INDIA, INDONESIA, MALAYSIA, THAILAND
AND VIETNAM}

^{MARKET PRESENCE}

^{- EXPORT COUNTRIES: ASIA, AFRICA AND LATIN
AMERICA}

^{- SINGAPORE}

^{ACCORDING TO AN EARLIER TELE-INTERVIEW
CONDUCTED ON 17/10/2006, THE} ^{FOLLOWING INFORMATION WAS GATHERED:}

^ACTIVITIES

^{- DISTRIBUTION WITH VARIOUS PLASTIC PRODUCTS}

^{NUMBER OF EMPLOYEES}

^{- ABOUT 10}

^{TERMS OF PAYMENT}

^{- CUSTOMERS: MAINLY CASH}

^{NO OTHER TRADE INFORMATION WAS AVAILABLE FROM
THE TELE-INTERVIEW.}

^{REGISTERED AND BUSINESS ADDRESS:}

^{50 TAGORE LANE}

^#B1-07

^{ENTREPRENEUR CENTRE}

^{SINGAPORE 787494}

^{DATE OF CHANGE OF ADDRESS: 11/03/2004}

^{- RENTED PREMISE}

^{- OWNED BY: SIANG HOW REALTY PTE LTD}

^WEBSITE:

^{http://www.micplastics.com.sg}

^EMAIL:

^{enquiry@micplastics.com.sg}

MANAGEMENT

^{THE OWNER AT THE TIME OF THE REPORT IS:}

^{1) CHUA PHECK ENG AGNES, A SINGAPOREAN}

^{-
HOLDS NO OTHER BUSINESS INTERESTS AS RECORDED IN OUR DATABASE.}

^{2) SEAH TENG CHOON, A SINGAPOREAN}

^{-
HOLDS NO OTHER BUSINESS INTERESTS AS RECORDED IN OUR DATABASE.}

^{3) SEAH YANG WEI MICHAEL (SHE YANGWEI MICHAEL),
A SINGAPOREAN}

^{-
HOLDS NO OTHER BUSINESS INTERESTS AS RECORDED IN OUR DATABASE.}

ADVERSE ON DIRECTORS

^{OWNER'S NAME: CHUA PHECK ENG}

^{ADVERSE REPORT AGAINST DIRECTOR: NIL}

^{PROPERTY OWNERSHIP: NIL}

^{ANNUAL VALUE: N.A.}

^{CO-OWNER (S): N.A.}

^{OWNER'S NAME: SEAH TENG CHOON}

^{ADVERSE REPORT AGAINST DIRECTOR: YES}

^{TYPES OF CASE: PETITION FOR BANKTRUPTCY}

^{CASE NUMBER: HBP02515/85}

^{DEFENDANT: SEAH TENG CHOON}

^{PLAINTIFF: DEUTSCHE BANK ASIA
AKTIENGESELLSCHAFT}