MIRA INFORM REPORT

Report Date :

30.09.2008

IDENTIFICATION DETAILS

Name :	ELMICH (FAR EAST) PTE LTD

Formerly Known As :	^{ELMICH INDUSTRIES PTE LTD}

Registered Office :	^{15 Joan Road} ²⁹⁸⁸⁹⁹

Country :	Singapore

Date of Incorporation :	^15.07.1985

Com. Reg. No.:	^198501561M

Legal Form :	^{Exempt Pte Ltd}

Line of Business :	Specialise in Sesign and Supply of Waterproofing and Landscaping Solution

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

Subject Company

ELMICH (FAR EAST) PTE LTD

Line Of Business

SPECIALISE IN DESIGN AND SUPPLY OF WATERPROOFING AND

LANDSCAPING SOLUTION

Parent Company

Financial Elements

Sales : -

Networth : -

Paid-Up Capital : S$1,500,000

Net result : -

Net Margin(%) : -

Return on Equity(%) : -

Leverage Ratio : -

COMPANY IDENTIFICATION

^{Subject Company ELMICH (FAR EAST) PTE LTD}

^{Former Name : ELMICH INDUSTRIES PTE LTD}

^{Business Address : 15 JOAN ROAD}

^{Town : SINGAPORE}

^{Postcode : 298899}

^{County : -}

^{Country : Singapore}

^{Telephone : 6356 2800}

^{Fax : 6353 0220}

^{ROC Number : 198501561M}

^{Reg. Town : -}

PREVIOUS IDENTIFICATION

^{ELMICH INDUSTRIES PTE
LTD}

^{DATE OF CHANGE OF NAME:
25/10/1996}

^{ELMICH TRADING PRIVATE
LIMITED}

^{DATE OF CHANGE OF NAME:
21/10/1991}

SUMMARY

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

^{Legal Form :
Exempt Pte Ltd}

^{Date Inc. :
15/07/1985}

^{Previous Legal Form : -}

^{Summary year :
-}

^{Sales :
-}

^{Networth : -}

^{Capital :
-}

^{Paid-Up Capital : 1,500,000}

^{Employees :
22}

^{Net result : -}

^{Share value :
-}

^{AUDITOR: B H CHIA &
CO}

^{BASED ON ACRA'S RECORD}

^{NO OF SHARES CURRENCY AMOUNT}

^{ISSUED ORDINARY 1,500,000 SGD 1,500,000.00}

^{PAID-UP ORDINARY - SGD 1,500,000.00}

REFERENCES

^{Litigation : No}

^{Company status : TRADING}

^{Started :
15/07/1985}

PRINCIPAL(S)

^{TEH HOCK BENG
MICHAEL S0153746F Director}

DIRECTOR(S)

^{ONG HWEE PONG S1396882I Director}

^{Appointed on : 26/05/1992}

^{Street :
31 CHUAN DRIVE}

^{CHUAN VISTA}

^{Town : SINGAPORE}

^{Postcode :
554840}

^{Country :
Singapore}

^{DAVID WILLIAM
OLIVER E7554442 Director}

^{Appointed on : 11/01/2005}

^{Street :
1 STAMFORD AVENUE, CABARITA}

^{Town :
NEW SOUTH WALES}

^{Postcode :
2137}

^{Country :
Australia}

^{TEH HOCK BENG
MICHAEL S0153746F Director}

^{Appointed on : 15/07/1985}

^{Street :
6 DOVER RISE}

^#01-03

^{HERITAGE VIEW}

^{Town :
SINGAPORE}

^{Postcode :
138678}

^{Country : Singapore}

^{LEE SIAN GHEE ALAN S0160551H Director}

^{Appointed on : 06/05/1986}

^{Street :
21 ALMOND CRESCENT}

^{Town :
SINGAPORE}

^{Postcode :
677779}

^{Country :
Singapore}

^{TAN GUEK CHYA PEGGY S0187298B Alternate Director}

^{Appointed on : 03/05/2006}

^{Street :
21 ALMOND CRESCENT}

^{Town :
SINGAPORE}

^{Postcode :
677779}

^{Country :
Singapore}

^{TAN GUEK CHYA PEGGY S0187298B Company Secretary}

^{Appointed on : 13/12/1985}

^{Street :
21 ALMOND CRESCENT}

^{Town :
SINGAPORE}

^{Postcode :
677779}

^{Country :
Singapore}

^{LIM CHOON SIONG S6927230D Director}

^{Appointed on : 01/09/2008}

^{Street :
25 WEST COAST RISE}

^#03-05

^{MONTEREY PARK CONDOMINIUM}

^{Town :
SINGAPORE}

^{Postcode :
127468}

^{Country : Singapore}

ACTIVITY(IES)

^{WAX
Code:23630}

^{DISINFECTANTS And
GERMICIDES Code:6615}

^{BASED ON ACRA'S RECORD}

^{1) MANUFACTURE OF WAXES
AND POLISHES AND DEODORIZING PREPARATIONS;}

^{MANUFACTURING IN
WATERPROOFING RELATED PRODUCTS}

CHARGES

No Charges On Premises/Property In Our Database

PREMISES/PROPERTY INFORMATIONS

No Premises/Property Information In Our Databases

SHAREHOLDERS(S)

^{TEH HOCK BENG
MICHAEL
270,000 Private Person}

^{Street : 6 DOVER RISE}

^#01-03

^{HERITAGE VIEW}

^{Town : SINGAPORE}

^{Postcode: 138678}

^{Country : Singapore}

^{LEE SIAN GHEE ALAN 288,000 Private Person}

^{Street : 21 ALMOND CRESCENT}

^{Town : SINGAPORE}

^{Postcode: 677779}

^{Country : Singapore}

^{DAVID WILLIAM
OLIVER
150,000 Private Person}

^{Street : 1 STAMFORD AVENUE, CABARITA}

^{Town : NEW SOUTH WALES}

^{Postcode: 2137}

^{Country : Australia}

^{ONG HWEE PONG
216,000 Private Person}

^{Street : 31 CHUAN DRIVE}

^{CHUAN VISTA}

^{Town : SINGAPORE}

^{Postcode: 554840}

^{Country : Singapore}

^{TAN GUEK CHYA PEGGY 288,000 Private Person}

^{Street : 21 ALMOND CRESCENT}

^{Town : SINGAPORE}

^{Postcode: 677779}

^{Country : Singapore}

^{LEE JUN-SHEN 288,000 Private Person}

^{Street : 21 ALMOND CRESCENT}

^{Town : SINGAPORE}

^{Postcode: 677779}

^{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}

FINANCIAL COMMENTS

^{EXEMPT PRIVATE COMPANY}

^{WHERE THE SHARES OF A
PRIVATE COMPANY ARE NOT OWNED BY ANY CORPORATE} ^{BODY AND THERE ARE NO MORE THAN 20 MEMBERS,
THE PRIVATE COMPANY IS} ^{KNOWN AS AN EXEMPT PRIVATE COMPANY.}

^{AN EXEMPT PRIVATE
COMPANY ENJOYS A GREATER AMOUNT OF PRIVACY THAN A}

^{PRIVATE COMPANY. IT IS
NOT REQUIRED TO FILE ACCOUNTS WITH THE}

^{REGISTRAR IF IT CAN
PRODUCE A CERTIFICATE SIGNED BY ONE OF ITS}

^{DIRECTORS, SECRETARY AND
AUDITOR CONFIRMING THE FOLLOWING POINTS:}

^{1. THE COMPANY IS AN
EXEMPT PRIVATE COMPANY.}

^{2. THE AUDITED ACCOUNTS
HAVE BEEN TABLED BEFORE THE SHAREHOLDERS}

^{AT THE ANNUAL GENERAL
MEETING.}

^{3. THE COMPANY IS ABLE
TO MEET ITS LIABILITIES.}

^{THERE IS THEREFORE NO
DISCLOSURE TO THE PUBLIC OF THE ACCOUNTS OF THE} ^{COMPANY ALTHOUGH THE ACCOUNTS STILL
HAVE TO BE AUDITED EVERY YEAR AND} ^{APPROVED AT AN ANNUAL GENERAL
MEETING OF THE COMPANY.}

^{A PRIVATE COMPANY THAT
IS WHOLLY OWNED BY THE GOVERNMENT MAY BECOME AN} ^{EXEMPT PRIVATE COMPANY IF THE MINISTER
FOR FINANCE, IN THE NATIONAL} ^{INTEREST, DECLARES IT TO BE SUCH BY A
GAZETTE NOTIFICATION.}

^{EXEMPT FROM AUDIT}

^{AN EXEMPT PRIVATE COMPANY IS EXEMPT FROM
AUDIT REQUIREMENTS IF THE} ^{STARTING DATE OF ITS FINANCIAL YEAR IS BETWEEN 15 MAY 2003 AND 31
MAY} ^{2004 AND ITS TURNOVER FOR THAT FINANCIAL YEAR DOES NOT EXCEED
$2.5} ^{MILLION. FOR FINANCIAL YEARS STARTING 1 JUNE 2004, THE AMOUNT
OF THE} ^{TURNOVER HAS BEEN RAISED TO $5 MILLION. THESE COMPANIES ARE
STILL}

^{REQUIRED TO MAINTAIN
PROPER ACCOUNTING.}

BACKGROUND/OPERATION

^{THE COMPANY WAS
INCORPORATED IN THE REPUBLIC OF SINGAPORE ON}

^{15/07/1985 AS A LIMITED EXEMPT PRIVATE COMPANY UNDER THE}

^{NAMESTYLE AS
"ELMICH TRADING PRIVATE LIMITED"}

^{SUBSEQUENTLY, ON
21/10/1991, THE COMPANY CHANGED ITS NAME TO "ELMICH}

^{INDUSTRIES PTE
LTD".}

^{SUBSEQUENTLY, ON
25/10/1996, SUBJECT CHANGED TO ITS PRESENT NAMESTYLE} ^{AS "ELMICH (FAR EAST PTE
LTD".}

^{COMPANY HAS AN ISSUED
AND PAID-UP CAPITAL OF} ^{1,500,000 SHARES, OF A VALUE OF S$1,500,000.}

^{PRINCIPAL ACTIVITIES:}

^{SUBJECT IS REGISTERED
WITH THE ACCOUNTING & CORPORATE REGULATORY}

^{AUTHORITY (ACRA) TO BE
PRINCIPALLY ENGAGED IN THE BUSINESS OF:}

^{1) MANUFACTURE OF WAXES
AND POLISHES AND DEODORIZING PREPARATIONS;}

^{MANUFACTURING IN
WATERPROOFING RELATED PRODUCTS}

^{2) MANUFACTURE CHEMICAL
PRODUCTS NEC(EG. DISINFECTANTS)}

^{FROM THE RESEARCH
CONDUCTED, THE FOLLOWING INFORMATION WAS GATHERED:}

^{SUBJECT IS LISTED IN THE
SINGAPORE LOCAL DIRECTORY UNDER THE}

^{CLASSIFICATION OF:
WATERPROOFING MATERIALS}

^{BACKGROUND OF THE
SUBJECT:}

^{ELMICH WAS ESTABLISHED
IN 1985 AND IS TODAY, A LEADING SOLUTIONS} ^{PROVIDER IN WATERPROOFING AND LANDSCAPE ENGINEERING. WE HAVE A} ^{REPUTATION FOR PROVIDING VALUE-ADDED SYSTEMS, SPECIALLY TAILORED TO} ^{LOCAL
BUILDING AND CLIMATE CONDITIONS. ELMICH HAS BEEN AN ISO 9001} ^{CERTIFIED
COMPANY SINCE 1998.}

^{BESIDES BEING A MAJOR DISTRIBUTOR OF HIGH
PERFORMANCE AND PREMIUM} ^{WATERPROOFING MEMBRANES AND DRAINAGE SHEETINGS FROM THE WORLD'S} ^{LARGEST MANUFACTURERS, ELMICH ALSO DESIGNS AND MANUFACTURES LANDSCAPE} ^{ENGINEERING PRODUCTS SUCH AS TURFPAVE ® GRASS PAVERS, VERSICELL ® SUB-} ^{SOIL DRAINAGE MODULES, VERSIDRAIN ® 6P UNDER-SCREED DRAINAGE SHEETS,} ^{VERSITANK ® UNDERGROUND STORMWATER INFILTRATION AND STORAGE TANKS,} ^{VERSIPAVE
® HEIGHT ADJUSTABLE PAVER SUPPORTS AND VERSIJACK ® HEIGHT} ^{AND SLOPE
ADJUSTABLE TELESCOPIC PEDESTALS.}

^{ELMICH HAS THE SUPPORT OF A PROFESSIONAL,
DEDICATED AND TECHNICALLY} ^{SKILLED SERVICE NETWORK THAT WORKS CLOSELY WITH SPECIFIERS AND
END-} ^{USERS TO PROVIDE FAIL-SAFE, COST EFFECTIVE SOLUTIONS TO THE
LANDSCAPE,} ^{CONSTRUCTION AND ENGINEERING INDUSTRIES.}

^{IN RECENT YEARS, THROUGH PARTNERSHIPS WITH
OVERSEAS DISTRIBUTORS,} ^{PRODUCTS DEVELOPED AND MANUFACTURED BY ELMICH ARE GAINING
WIDESPREAD} ^{USAGE IN INTERNATIONAL PROJECTS THROUGHOUT THE
INTERNATIONAL MARKET} ^{AND ARE BECOMING INCREASINGLY ACCEPTED AND
PREFERRED BY LANDSCAPE} ^{ARCHITECTS AND ARCHITECTS WORLD-WIDE.}

^{SUBJECT ENGAGES IN THE
FOLLOWING ACTIVITIES:}

^{* SPECIALISE IN DESIGN
AND SUPPLY OF WATERPROOFING AND LANDSCAPING}

^SOLUTION

^{* MAJOR DISTRIBUTOR OF
HIGH PERFORMANCE AND PREMIUM WATERPROOFING}

^{MEMBRANES AND DRAINAGE
SHEETINGS}

^PRODUCTS:

^{* WATERPROOFING}

^{- VERSIDRAIN 6P}

^{UNDER-SCREED MODULAR
DRAINAGE SHEETING}

^{- DURABIT}

^{- BITULEN SK374}

^{APP-MODIFIED BITUMINOUS
TORCH-ON MEMBRANE}

^{- SUPERFLEX}

^{- EURATHANE 2000}

^{BITUMINOUS ELASTOMERIC
COATING AND ADHESIVE}

^{- PLUVEX}

^{INTERLOCKING CELLULAR
DRAINAGE MAT}

^{- VERSITANK}

^{- VERSIWEB}

^{HEIGHT AND SLOPE
ADJUSTABLE PEDESTAL}

^{- TURFPAVE XD}

^{- ROOTGARD}

^{MODULAR VERTICAL
GREENING SYSTEM}

^{TRADE NAMES/BRANDS:}

^{* TURFPAVE ®}

^{* VERSIDRAIN ® 6P}

^{* VERSICELL ®}

^{* VERSIJACK ®}

^{* VERSIPAVE ®}

^{* VERSITANK ®}

^{MARKERT PRESENCE:}

^{* AFRICA}

^{* NORTH AMERICA}

^{* SOUTH AMERICA}

^{* EUROPE}

^{* ASIA PACIFIC}

^{SOME OF SUBJECT'S
CLIENTS:}

^{* LAND TRANSPORT
AUTHORITY OF SINGAPORE}

^{* MINISTRY OF EDUCATION}

^{- SCHOOLS}

^{* DP ARCHITECTS}

^{* CPG CONSULTANTS}

^{* SITE CONCEPTS L'SCAPE
ARCH.}

^{* HOUSING DEVELOPMENT
BOARD}

^{* SINGAPORE TELECOMS}

^{INDUSTRIES SERVED:}

^{* BUILDING AND
CONSTRUCTION}

^{* ENVIRONMENTAL}

^{QUALITY ASSESSMENT:}

^{* ISO 9001}

^{FROM THE TELE-INTERVIEW CONDUCTED,
THE FOLLOWING WASGATHERED:}

^{NO. OF EMPLOYEES:}

^{* 2008: 22}

^{NO OTHER TRADE
INFORMATION WAS MADE AVAILABLE}

^{REGISTERED AND BUSINESS
ADDRESS:}

^{15 JOAN ROAD}

^{SINGAPORE 298899}

^{DATE OF CHANGE OF
ADDRESS: 28/10/1996}

^{OVERSEAS ADDRESS:}

^{52/8 AVENUE OF AMERICAS}

^{NEWINGTON NSW 2127}

^AUSTRALIA

^WEBSITE:

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

^EMAIL:

^{singapore@elmich.com}

^{australia@elmich.com}

MANAGEMENT

^{THE DIRECTORS AT THE
TIME OF THIS REPORT ARE:}

^{1) DAVID WILLIAM OLIVER,
AN AUSTRALIAN}

^{- BASED IN AUSTRALIA}

^{2) TEH HOCK BENG
MICHAEL, A SINGAPOREAN}