MIRA INFORM REPORT

Report Date :

07.04.2011

IDENTIFICATION DETAILS

Name :	MODERN TECHNOLOGy NZ LTD

Registered Office :	234 Bush Rd, Albany, Auckland

Country :	New Zealand

Date of Incorporation :	06.05.1992

Legal Form :	Limited Company

Line of Business :	supply installation and integration of IT products including computer systems, custom made PC’s, software, components and peripherals

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

New Zealand

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

REGISTERED NAME

MODERN TECHNOLOGY NZ LTD

CN: 546525

CORPORATE SEARCH

Entity Type:	NZ Limited Company
Incorporated:	06 May 1992
Current Status:	Registered
Constitution Filed:	Yes
Annual Return Filing Month:	May

Registered Office

234 Bush Rd, Albany, Auckland

Address for Service

234 Bush Road, Albany, Auckland

Directors

CHAN, Tin Nam

89 Archers Road, Hillcrest, North Shore City, 0629

Shareholdings

Total Number of Shares:	50,000
Extensive Shareholdings:	No

27,500	CHAN, Tin Nam 89 Archers Road, Glenfield, Auckland
7,500	LEE, Grace Unit 6a, 3 Shortland Street, Auckland
7,500	CHAN, Margaret 12 Bocage Lane, Hobsonville, Auckland
7,500	CHAN, Edmond Yik Man 12 Bocage Lane, West Harbour, Waitakere, 0618

BUSINESS STRUCTURE

TRADING ADDRESS 234 Bush Rd

ALBANY, NSW

POSTAL ADDRESS PO Box 101288

Not shore Mail centre

TELEPHONE (649) 415 3303

TRADING STYLE COMPUCON COMPUTERES

ASSOCIATED ENTITIES COMPUCON HOLDINGS P/L

COMPUCON COMPUTERS (NSW) P/L

BANK Not determined

EMPLOYEES Not determined

BACKGROUND

The subject was incorporated in New Zealand on 6 May 1992.

Group operations were originally established in Australia in 1992.

OPERATIONS

The subject operates in the supply installation and integration of IT products including computer systems, custom made PC’s, software, components and peripherals.

The group maintains 13 branches throughout Australia, New Zealand, China and Canada.

Activities are conducted from premises located at the above listed trading address.

FINANCES

The subject is not required to lodge financial statements with the Australian Securities and Investments Commission.

During the current interview conducted with the subjects Financial Controller she declined to confirm or provide any details pertaining to the subject unless the source of the enquiry was released.

As a result, details pertaining to the subjects operating trading and financial position were unable to be obtained for the current enquiry.

The subject is advised to for part of the Compucon group of companies which has 13 branches throughout Australia, New Zealand, China and Canada.

TRADE SURVEY

During the current investigation details pertaining to the subjects suppliers were not provided.

A trade survey on the subject was subsequently unable to be conducted.

SUMMARY

The subject was incorporated in New Zealand on 6 May 1992.

Group operations were originally established in Australia in 1992.

Details pertaining to the subjects operating trading and financial position were unable to be obtained for the current enquiry.

The subject is advised to for part of the Compucon group of companies which has 13 branches throughout Australia, New Zealand, China and Canada.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.22
UK Pound	1	Rs.72.25
Euro	1	Rs.63.09

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	Capability to overcome financial difficulties seems comparatively below average.	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

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.