MIRA INFORM REPORT

Report Date :

09.08.2011

IDENTIFICATION DETAILS

Name :	LABDHI CORPORATION PTE. LTD.

Registered Office :	101 Cecil Street, #23-12,Tong Eng Building Singapore 069533

Country :	Singapore

Date of Incorporation :	21.04.2011

Com. Reg. No.:	201109637R

Legal Form :	Limited Exempt Private Company

Line of Business :	Business and management consultancy services

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate

Payment Behaviour :	Slow

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:	Labdhi Corporation Pte. Ltd.
Supplied Name:	Labdhi Corporation Pte Ltd.
Supplied Address:	6 Shenton Way DBS Building Singapore 068809, SG

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 Note

According to the supplied name and address, we couldn’t obtain the contact methods of subject. And if you can supply a photocopy of subject's letterhead, a current telephone or fax number for the company, we shall be pleased to have the investigation resumed.

The registration files show that subject is engaged in business and management consultancy services, 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:	Labdhi Corporation Pte. Ltd.
Registered Address:	101 Cecil Street, #23-12,Tong Eng Building Singapore 069533, Singapore
Date of Registration::	2011-4-21
Registered Number:	201109637R
Country of Incorporation:	Singapore
Paid-up Capital:	USD 2 = 2 Shares@1 SGD
Legal Form:	Limited Exempt Private Company
Principal Activities:	70201 Business and management consultancy services
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No.
Date of Last Annual Return:	N/A

Note:

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

History

Subject was incorporated on 2011-4-21 with registered number 201109637R as Limited Exempt Private Company in Singapore.

Shareholders

Unit: USD

Name	Subscription Amount	Proportion of Investment (%)
ASHUTOSH NITYANATH GHANEKAR	1	50%
YOGESH GULABCHAND JAIN	1	50%
Total	2	100%

Major Shareholder Information:

1
Name:	ASHUTOSH NITYANATH GHANEKAR
ID Number:	G4159073
Address:	Shri Prakash 165 C 3 Rd Flr Dr. Ambedkar Road Dadar (E) Mumbai 400014, India
Nationality:	Indian
2
Name:	YOGESH GULABCHAND JAIN
ID Number:	Z1779972
Address:	Plot No 468/A, Hanuman Prasad, Flat No 12, 2nd Floor, King Circle, Mumbai 400019, India
Nationality:	Indian

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:	ASHUTOSH NITYANATH GHANEKAR
Position:	Director
ID Number:	G4159073
Address:	Shri Prakash 165 c 3 Rd Flr Dr. Ambedkar Road Dadar (e) Mumbai 400014, India
Nationality:	Indian
Date of Appointment:	2011-4-21
2
Name:	SRI MURALI S/O SINNOTHEI RENGANATHAN
ID Number:	S1331899I
Address:	39 Coronation Road Singapore 269450
Nationality:	Singapore Citizen
Date of Appointment:	2011-4-21
3
Name:	SRI MURALI S/O SINNOTHEI RENGANATHAN
Position:	Secretary
ID Number:	S1331899I
Address:	39 Coronation Road Singapore 269450
Nationality:	Singapore Citizen
Date of Appointment:	2011-4-21
4
Name:	YOGESH GULABCHAND JAIN
Position:	Director
ID Number:	Z1779972
Address:	Plot No 468/A, Hanuman Prasad, Flat No 12, 2nd Floor, King Circle, Mumbai 400019, India
Nationality:	Indian
Date of Appointment:	2011-4-21

Operation Information

Offices & Factories

	Office
Address:	101 Cecil Street, #23-12,Tong Eng Building Singapore 069533, Singapore

Operation Information

We contacted the subject unsuccessfully.

We obtained the registered activities of the subject as follows for reference.

Business Code	Details
70201	Business and management consultancy services

Settlements

We couldn’t contact the subject successfully, and the settlement information is not available from the subject or other sources.

Financial Figures

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore and the only source from which we can obtain the information is the subject itself.

And we couldn’t contact the subject successfully; the financial information is not available from the subject.

Bankers

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.96
UK Pound	1	Rs.73.94
Euro	1	Rs.64.56

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%)

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