MIRA INFORM REPORT

Report Date :

13.07.2007

IDENTIFICATION DETAILS

Name :	RAJENDRA PRASAD BROS LTD

Registered Office :	11 Yasawa St, Lautoka

Country :	Fiji

Date of Incorporation :	1 July, 1980

Legal Form :	Private company with limited liability

Line of Business :	Trader of consumer products

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	Regular

Litigation :	Clear

name

RAJENDRA PRASAD BROS LTD

Company Details

Identifier : P0953243

Country : Fiji

Address : 11 Yasawa St Lautoka

Tel : [+679] 6666411

Fax : [+679] 6666344

Email : rajendrapltd@connect.com.fi

Primary Business Activity : Trader

Key Industry : Consumer Products

Key Facts

Registered Legal Address : 11 Yasawa St Lautoka

Established Year : 1980

License Number : 3591

Date of Registration : 1 July, 1980

Issuing Authority : Registrar of Companies (ROC)

Legal Form : Private company with limited liability

Legal Form - Status : Normal

Employees : 100

CREDIT ASSESSMENT FACTORS

Credit risk assessment is gauged on 12 key business factors.

Each factor is assigned a rating and the total is aggregated and weighed in consideration of any other influencing factors relevant to the final assessment.

These factors include :

Financial Status Profitability Industry sector & trends

Principals Litigation Liabilities

Management Scale of operations Years in business & co history

Assets(real estate etc.) Trade references & reputation Family involvement & support

Adverse Data

Results : Total of 0 record found.

Recommended Credit Limit - Trade Finance

Maximum Recommended Credit : USD 100,000.00 based on 90 days

Management & Products

Products : Consumer products

Durable goods

Grocery stores

Supermarkets

Commercial Credit Inquiries

Date of Inquiry Industry Credit Type Credit Amount Period

in which Inquirer Operates (* / **)

12 Jul, 2007 Professional Services MRC USD 100,000.00 90 days

Note:

* MRC : Maximum Recommended Credit

** ISC : Inquirer Specified Credit

Fullcheck Report Details

Country : Fiji

Company Name : RAJENDRA PRASAD BROS LTD

Primary Business Activity : Trader

Key Industry : Consumer Products

Established Year : 1980

Office Contact Details

Address : 11 Yasawa St

City : Lautoka

Tel : [+679] 6666411

Fax : [+679] 6666344

E-Mail : rajendrapltd@connect.com.fi

Postal Details

P.O. Box : 678

SIC PRODUCT CLASSIFICATION & ACTIVITY

Activity Code Product/Service Description

Importing 3999 Manufactured articles, nspf

Importing 5099 Durable Goods, NEC

Importing 5141 Groceries, General Line

Service 5300 General Merchandise Stores

Service 5411 Grocery Stores

Trading 3999 Manufactured articles, nspf

Trading 5099 Durable Goods, NEC

Trading 5141 Groceries, General Line

Trading 5149 Groceries/Related Prdts, NEC

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Activity Code Product/Service Description

Importing 9600 Miscellaneous manufactured articles

Service 9958 Assembly and distribution services of gen commodities

Trading 9600 Miscellaneous manufactured articles

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Activity Product/Service Description

Trader Consumer products

OWNERSHIP

Chairman : Mr. Rajendra Prasad

Nationality : Fijian

Direct / Indirect Corporate Parent Details

Direct Parent : RAJEND INVESTMENTS LTD

Global Identifier : P0953279

Country : Fiji

FINANCIAL & LEGAL STATUS

*Financials*
==========
As a private limited company there is no legal requirement according to local corporate law for public disclosure of detailed financials.

*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation within the respective industry failed to reveal any negative information.

*Payment Terms*

=============
Sales
------
Local : Cash or Credit

Purchases
--------------
Local : Cash or Credit

Import : Letter of Credit (L/C)

Telegraphic Transfer (T/T)

*Company Registration*

===================
License number : 3591

Date issued : 1 July, 1980

Issuing authority : Registrar of Companies

*Registrar*
=========
- Michael Cameron Gardiner

ADVERSE DATA MONITORING

DISHONORED CHECKS No Record Found

DEBT No Record Found

LITIGATION

1 Record Found

Litigation ( 1 ) Not Adverse

Position : Plaintiff

Other Parties Involved : Position Country Party's Name

Defendant Fiji FAI INSURANCE (FIJI) LTD

Case Issue : A petition to the court claiming for damages caused by rioters and looters

amounting to FJD 2,445,203.00

Court : High Court, Fiji

Date Commenced : 19 May, 2000

Date Closed : 19 September, 2000

Status : Verdict given

Summary : Justice Devendra Pathik ordered FAI INSURANCE (FIJI) LTD to pay RAJENDRA

PRASAD
BROS LTD amounting to FJD 2,445,203.00 with a 9.25% interest from

19 September, 2000 to the date of payment plus cost.

PERFORMANCE DEFAULTS

No Record Found

ADVERSE PRESS COVERAGE

No Record Found

FORMER COMPANY RELATIONSHIPS

No Record Found

BANK DETAILS

Bank Name : EAST WEST BANK

Global Identifier : P0953752

SWIFT Code : This bank does not have a SWIFT Code

PRODUCT, TECHNOLOGY, SERVICES

DESCRIPTION

*Main Products & Services*
======================
Operates as supermarket and grocery store.

ORGANIZATION STRUCTURE

*Key Personnel*
=============
Rajendra Prasad
Responsibilities : Handles the overall management of the company.
Relationship   : Son of Rajendra Prasad Bal Kissun

*Office & Facilities*
================
Other Contact Details
-----------------------------
Tel no    : 6661728
PO Box   : 1227 Lautoka
Email address : rpbl@connect.com.fi

RELATED PARTIES DESCRIPTION

*Major Shareholders*
=================
Total number of shareholders : 2
Total number of shares : 40,008

Shareholders' Name No. of Shares % of Shares
-------------------------- ------------------ ----------------
RAJEND INVESTMENTS LTD 40,007 99.99
RAJENDRA PRASAD LTD 1 0.01

*Branches*
=========
Maintains a total of seven (7) branches.

*Directors' Details*
===============
(1)
Rajendra Prasad Bal Kissun
Address    : PO Box 678 Lautoka Fiji
Other position : - Director of the following companies in Fiji:
   - RAJEND INVESTMENTS LTD
   - RAJENDRA PRASAD LTD

(2)
Nirmala Devi Hari Lal
Address    : PO Box 678 Lautoka Fiji
Other position : - Director, RAJEND INVESTMENTS LTD - Fiji

*Company Secretary*
=================
Rajendra Prasad Bal Kissun
Address    : PO Box 678 Lautoka Fiji
Other position : - Director of the following companies in Fiji:
   - RAJEND INVESTMENTS LTD
   - RAJENDRA PRASAD LTD

SHAREHOLDERS

Total number of shareholders : 2

Total number of shares : 40,008

No. Shareholders Shares

Number Amount (FJD) %

1 RAJEND INVESTMENTS LTD 40,007.00 n/a 99.99

2 RAJENDRA PRASAD LTD 1.00 n/a 0.01

COMPANY DIRECTORS

Personal Unique Identifier : MI01823870

Country : Fiji

Name : Mr. Nirmala Devi Hari Lal

Nationality : Fiji

Registered Address : PO Box 678, Lautoka

Personal Unique Identifier : MI01825095

Name : Mr. Rajendra Prasad

Nationality : Fiji

Personal Unique Identifier : MI01823869

Country : Fiji

Name : Mr. Rajendra Prasad Bal Kissun

Nationality : Fiji

Registered Address : PO Box 678, Lautoka

LOCAL DISTRIBUTION & WAREHOUSING

*Local Distribution Network*
=======================
100% of the annual turnover is attributed to local sales.

INTERNATIONAL TRADE : ACTIVITY & MARKETS

Importing from Asia
Importing from Australia
Importing from China
Importing from India
Importing from New Zealand
Importing from Oceania
Importing from Singapore

INTERNATIONAL TRADE ACTIVITY DESCRIPTION

*Export Markets*
=============
There is no record of export since the prime focus of the firm's activity is concentrated on local sales only.

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
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
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions