MIRA INFORM REPORT

Report Date :

01.08.2011

IDENTIFICATION DETAILS

Name :	MAXXERN RESOURCES PTE. LTD.

Registered Office :	90 Cecil Street #10-02 Rhb Bank Building Singapore 069531

Country :	Singapore

Date of Incorporation :	04.04.2011

Com. Reg. No.:	201108077D

Legal Form :	Private Limited Liability Company

Line of Business :	General Wholesale Trade

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New Company

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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Singapore

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

Bottom of Form

Contact Points

Company Name:	Maxxern Resources Pte. Ltd.
Supplied Name:	Maxxern Resources Pte Ltd
Supplied Address:	90, Cecil Street #10-02, RHB Bank Building, Singapore

Credit Summary

Credit Opinion:

Since the subject is a newly established company, the future development remains to be seen. At this stage credits require securities.

Special Notes

According to the supplied telephone (+65-92477200/ 65 98605387), we tried to contact the subject, and the person you supplied Mr. Maltin B, but nobody answered the phone. And we tried to search other contact methods by the supplied name and address, but failed again.

The registration files show that subject is engaged in General wholesale trade (including general importers and exporters), etc, since we did not get in touch with subject, we can not confirm the information.

We found subject’s registration information as follows for reference.

Company Identification Details

Registered Name:	Maxxern Resources Pte. Ltd.
Registered Address:	90 Cecil Street #10-02 Rhb Bank Building Singapore 069531, Singapore
Date of Registration::	2011-4-4
Registered Number:	201108077D
Country of Incorporation:	Singapore
Registered Capital:	SGD 1,000 (USD 830.165) (As of 2011.06, 1 SGD = 0.8075 USD)
Paid-up Capital:	SGD 1,000 (USD 830.165) = 1,000 Shares@1 SGD
Legal Form:	Private Limited Liability Company
Principal Activities:	46900 General wholesale trade (including general importers and exporters)
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No.
Date of Last Annual Return:	2011-7-21

Note:

The staff number is not available from the subject or other sources.

History

Subject was incorporated on 2011-4-4 with registered number 201108077D as Private Limited Liability Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Bee Chap Chin	500	50%
Tan Hwee Ling	500	50%
Total	1,000	100%

Major Shareholder Information:

1
Name:	Bee Chap Chin
ID Number:	S7469842E
Address:	121 Rivervale Drive #17-410 Singapore 540121
Nationality:	Singapore P.R.
2
Name:	Tan Hwee Ling
ID Number:	S7967314E
Address:	121 Rivervale Drive #17-410 Singapore 540121
Nationality:	Singapore P.R.

Subsidiaries & Branches

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

Manage Information

Core Management

Detailed Information of Management:

1
Name:	Bee Chap Chin
Position:	Director
ID Number:	S7469842E
Address:	121 Rivervale Drive #17-410 Singapore 540121
Nationality:	Singapore P.R.
Date of Appointment:	2011-4-4
2
Name:	Tan Hwee Ling
Position:	Director
ID Number:	S7967314E
Address:	121 Rivervale Drive #17-410 Singapore 540121
Nationality:	Singapore P.R.
Date of Appointment:	2011-4-4
3
Name:	Maisie Heng Siming
Position:	Secretary
ID Number:	S8312797Z
Address:	90 Cecil Street #10-02 Rhb Bank Building Singapore 069531
Nationality:	Singapore Citizen
Date of Appointment:	2011-4-4

Operation Information

Offices & Factories

	Office
Address:	90 Cecil Street #10-02 Rhb Bank Building Singapore 069531, Singapore

Operation Information

We can not obtain subject’s operation details, thus we supplied subject’s principal activities registered in the local registry as follows for reference.

46900

General wholesale trade (including general importers and exporters)

Settlements

The settlements’ information is not available from the subject or other sources.

Financial Information

The financial information is not available from the subject or other sources.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.16
UK Pound	1	Rs.72.10
Euro	1	Rs.63.10

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
----	NB	New Business	----

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.