MIRA INFORM REPORT

Report Date :

08.04.2011

IDENTIFICATION DETAILS

Name :	VASTRA LTD

Registered Office :	34 Stellata Court, Randwick Park, Manukau 2105

Country :	New Zealand

Date of Incorporation :	01.10.2008

Legal Form :	Limited Company

Line of Business :	import and distribution of Indian clothing for men, women and children

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

VASTRA LTD

CN: 2173718

CORPORATE SEARCH

Entity Type:	NZ Limited Company
Incorporated:	01 Oct 2008
Current Status:	Registered
Constitution Filed:	Yes
Annual Return Filing Month:	August

Company Addresses

Registered Office

34 Stellata Court, Randwick Park, Manukau 2105

Address for Service

34 Stellata Court, Randwick Park, Manukau 2105

Directors

LAL, Dixit

34 Stellata Court, Randwick Park, Manukau, 2105

Shareholdings

Total Number of Shares:	100
Extensive Shareholdings:	No

40	LAL, Dixit 34 Stellata Court, Randwick Park, Manukau 2105
40	LAL, Shanti 34 Stellata Court, Randwick Park, Manukau 2105
10	LAL, Jasmina 34 Stellata Court, Randwick Park, Manukau 2105
10	SHANTILAL, Jasumatiben 34 Stellata Court, Randwick Park, Manukau 2105

BUSINESS STRUCTURE

TRADING ADDRESS 208 Great South Rd

PAPATOETOE, 2025

POSTAL ADDRESS PO Box 23556

Hunter Corner

PAPATOETOE 2155 AUCKLAND

TELEPHONE (649) 277 0242

FACSIMILE (649) 277

BANK Not determined

EMPLOYEES Not determined

BACKGROUND

The subject was incorporated in New Zealand on 1 October 2008 under the current style.

OPERATIONS

The subject operates in the import and distribution of Indian clothing for men, women and children.

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

FINANCES

The subject is not required to lodge financial statements with the New Zealand Companies Office.

During the current interview conducted with Director Dixit Lal, he declined to confirm or provide any details pertaining to the subject unless the source of the enquiry was disclosed.

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

TRADE SURVEY

Details pertaining to the subjects suppliers were not provided for the current enquiry.

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

SUMMARY

The subject was incorporated in New Zealand on 1 October 2008 under the current style.

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.22
UK Pound	1	Rs.71.97
Euro	1	Rs.63.23

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.