MIRA INFORM REPORT

Report Date :

17.08.2011

IDENTIFICATION DETAILS

Name :	G - STEELMET PTE. LIMITED

Registered Office :	3 Shenton Way #08-09 Shenton House Singapore 068805

Country :	Singapore

Date of Incorporation :	18.06.1987

Com. Reg. No.:	198701726M

Legal Form :	Private Limited Liability Company

Line of Business :	Trading of metal

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 40,000

Status :	Satisfactory

Payment Behaviour :	Usually Correct

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

Contact points

Company Name:	G - Steelmet Pte. Limited
Supplied Name:	G Steel Met Pte Ltd.
Trading Address:	3 Shenton Way Singapore 068805 Republic Of Singapore
Supplied Address:	3 Shenton Way #08-09, Shenton House Singapore 068805, SG
Telephone Number:	+65-6224-3377
Fax Number:	+65-6224-0944
E-mail:	info@g-steelmet.com

Credit Summary

Credit Rating:	Maximum credit USD 40,000
Credit Opinion:	Business connections are permissible.

Company Identification Details

Registered Name:	G - Steelmet Pte. Limited
Registered Address:	3 Shenton Way #08-09 Shenton House Singapore 068805
Date of Registration::	1987-6-18
Registered Number:	198701726M
Country of Incorporation:	Singapore
Registered Capital:	SGD 6,000,000 (USD 4,993,800) (As of 2011.08, 1 SGD = 0.8323 USD)
Paid-up Capital:	SGD 6,000,000 (USD 4,993,800) = 6,000,000 Shares@1 SGD
Legal Form:	Private Limited Liability Company
Principal Activities:	Trading of metal
Staff:	More than 5 Employees
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2011-6-14

History

Subject was incorporated on 1987-6-18 with registered number 198701726M as Private Limited Liability Company in Singapore.

Change of Name:

Date	Change
1987-6-18	Steelmet Pte Ltd
2007-7-20	G - Steelmet Pte. Limited

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Vivek Joshi	400,000	100%
Total	400,000	100%

Major Shareholder Information:

1
Name:	Vivek Joshi
Value:	SGD 400,000
ID Number:	A455761
Address:	20 Peach Garden Peach Garden Singapore 437618
Nationality:	Indian
2
Name:	Tan Sow Wan
Value:	SGD 200,000
ID Number:	S1415680A
Address:	546 Woodlands Drive 16 #11-207 Singapore 730546
Nationality:	Singapore Citizen
3
Name:	Sharma Subhash Chandra
Value:	SGD 3,400,000
ID Number:	S2580430I
Address:	20 Peach Garden Peach Garden Singapore 437618
Nationality:	Singapore Citizen
4
Name:	Savita Sharma
Value:	SGD 2,000,000
ID Number:	S2580431G
Address:	20 Peach Garden Peach Garden Singapore 437618
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.

Management Information

Core Management

Detailed Information of Management:

1
Name:	Vivek Joshi
Position:	Director
ID Number:	A455761
Address:	20 Peach Garden Peach Garden Singapore 437618
Nationality:	Indian
Date of Appointment:	1996-7-2
2
Name:	Tan Sow Wan
Position:	Director
ID Number:	S1415680A
Address:	546 Woodlands Drive 16 #11-207 Singapore 730546
Nationality:	Singapore Citizen
Date of Appointment:	1989-8-26
3
Name:	Tan Sow Wan
Position:	Secretary
ID Number:	S1415680A
Address:	546 Woodlands Drive 16 #11-207 Singapore 730546
Nationality:	Singapore Citizen
Date of Appointment:	1989-8-26
4
Name:	Sharma Subhash Chandra
Position:	Director
ID Number:	S2580430I
Address:	20 Peach Garden Peach Garden Singapore 437618
Nationality:	Singapore Citizen
Date of Appointment:	1989-8-16
5
Name:	Savita Sharma
Position:	Director
ID Number:	S2580431G
Address:	20 Peach Garden Peach Garden Singapore 437618
Nationality:	Singapore P.R.
Date of Appointment:	1993-10-6

Personnel Structure

Total Employees

More than 5 Employees

Operation Information

Offices & Factories

	Office
Address:	3 Shenton Way Singapore 068805 Republic Of Singapore

Purchase

l The subject purchases both from domestic markets and foreign markets.

l The subject purchases ferrous metals, non ferrous metals and Ferro Alloys.

Sales Information

l The subject is engaged in sales of ferrous metals, non ferrous metals and Ferro Alloys.

l The subject sells products around the world.

Settlements

Purchase

Domestic Markets

Products	Payment Terms	Proportion
Ferrous metals, non ferrous metals and Ferro Alloys	COD, etc	100%

Overseas Markets

Products	Payment Terms	Proportion
Ferrous metals, non ferrous metals and Ferro Alloys	CBD, etc	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
Ferrous metals, non ferrous metals and Ferro Alloys	CBD, etc	100%

Overseas Markets

Product	Sales Terms	Proportion
Ferrous metals, non ferrous metals and Ferro Alloys	CBD, etc	100%

Financial Figures

Year	Sales
2010	About USD 4,000,000

Bankers

Open Account Bank

Name:

DBS Bank

Auditors

Name:

Stamford Associates Llp

Public

Charges

Charge 1
Charge Number:	C200703984
Date of Registration:	2007-5-26
Name:	Standard Chartered Bank
Amount Secured:	All Monies
Charge 2
Charge Number:	C200703985
Date of Registration:	2007-5-26
Name:	Standard Chartered Bank
Amount Secured:	All Monies

Interview Details

Name:

Savita Sharma

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.24
UK Pound	1	Rs.73.88
Euro	1	Rs.65.06

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.