MIRA INFORM REPORT

Report Date :

17.08.2011

IDENTIFICATION DETAILS

Name :	HCC SINGAPORE ENTERPRISES PTE. LTD.
Registered Office :	79 Robinson Road #16-01 Cpf Building Singapore 068897
Country :	Singapore
Financials (as on) :	31.03.2011
Date of Incorporation :	18.12.2007
Com. Reg. No.:	200723253n
Legal Form :	Limited Private Company
Line of Business :	General Wholesale Trade

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Poor
Payment Behaviour :	Unknown
Litigation :	----

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	a1	a1

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

Bottom of Form

Executive Summary

Company Name	:	HCC SINGAPORE ENTERPRISES PTE. LTD.
Registration No	:	200723253N
Date of Registration	:	18/12/2007
Former Name	:	NA
Date of Change of Name	:	NA
Type of Company	:	LIMITED PRIVATE COMPANY
Registered Address	:	79 ROBINSON ROAD #16-01 CPF BUILDING SINGAPORE 068897
Date of Change of Address	:	18/12/2007
Contact No.	:	NA
Fax No.	:	NA
Website	:	NA
Registered Activities	:	1. GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS) MARKETING & SELLING OF HINDUSTAN CONSTRUCTION CO. LTD'S GROUP PROJECT IN INDIA 2. OTHER INVESTMENT HOLDING COMPANIES INVESTMENT HOLDING COMPANY
Issued Ordinary Capital*	:	$5,000.00 U.S. DOLLAR ,NO. OF SHARE : 5,000
Issued Preference Capital	:	NA
Paid-Up Ordinary Capital	:	$5,000.00 U.S. DOLLAR
Paid-Up Preference Capital	:	NA
* Number of Shares includes number of Issued Treasury Shares
Issued Treasury Capital	:	NA
Paid-Up Treasury Capital	:	NA
No. of Local Subsidiaries	:	NA
No. of Local Associates	:	NA
Auditor	:	KRESTON DAVID YEUNG PAC
Bankers / Financiers	:	NA
Turnover	:	SINGAPORE, DOLLARS 0.00 (FY2011)
Net Worth	:	SINGAPORE, DOLLARS (36,618.27) (FY2011)
No. of Bank Charges	:	NA
No. of Litigation Suits	:	NA
S1000 / SME 500 / FG50 Ranking	:	No found for SINGAPORE 1000 and SME 1000
Compounded Annual Growth Rate (CAGR)	:	NA

Credit Recommendation

Recommended Credit Line

:

No Recommendation

SHAREHOLDER DETAILS

NAME	:	HINDUSTAN CONSTRUCTION COMPANY LIMITED
SHAREHOLDER ID	:	T07UF4085L
NATIONALITY	:	INDIA
ADDRESS	:	HINCON HOUSE, L B S MARG, VIKHROLI (W) MUMBAI 400 083
NO. OF ORD SHARES	:	5,000
% OF SHAREHOLDING	:	100%
CURRENCY	:	U.S. DOLLAR

OFFICER DETAILS

NAME	:	RAJGOPAL JAIKISHAN NOGJA
ADDRESS	:	32, DEEPTI APARTMENT, MITH BUNDER ROAD, NEAR SIDDHIVINAYAK TEMPLE, THANE (E), MUMBAI 400603, INDIA
POSITION	:	DIRECTOR
DATE OF APPT	:	18/12/2007
NATIONALITY	:	INDIAN
I/C PASSPORT	:	F1760665
NAME	:	PRAVEEN SOOD
ADDRESS	:	B-1404, ETERNIA, HIRANANDANI GARDENS, POWAI, MUMBAI 400076, INDIA
POSITION	:	DIRECTOR
DATE OF APPT	:	18/12/2007
NATIONALITY	:	INDIAN
I/C PASSPORT	:	F8657071
NAME	:	LOW KHEE CHUAN
ADDRESS	:	142 LORONG AH SOO #02-253 SINGAPORE 530142
POSITION	:	DIRECTOR SECRETARY
DATE OF APPT	:	24/12/2008 24/12/2008
NATIONALITY	:	SINGAPORE CITIZEN
I/C PASSPORT	:	S7703616D
NAME	:	AJIT GULABCHAND
ADDRESS	:	94, 9TH FLOOR, NCPA APARTMENT, SIR DORABJI. TATA ROAD, NARIMAN POINT, MUMBAI- 400021, INDIA
POSITION	:	DIRECTOR
DATE OF APPT	:	18/12/2007
NATIONALITY	:	INDIAN
I/C PASSPORT	:	Z1894425
NAME	:	KRISHNA GAJANAN TENDULKAR
ADDRESS	:	6, ANNAPURNA FARMS, PANCHKUTIR, LAKE BOULEVARD ROAD, HIRANANDANI GARDENS, POWAI, MUMBAI 400076, INDIA
POSITION	:	DIRECTOR
DATE OF APPT	:	18/12/2007
NATIONALITY	:	INDIAN
I/C PASSPORT	:	Z1899991

KEY PERSONNEL PROFILE

Name:	RAJGOPAL JAIKISHAN NOGJA
NRIC Number:	F1760665
Available Address:	32, DEEPTI APARTMENT, MITH BUNDER ROAD, NEAR SIDDHIVINAYAK TEMPLE, THANE (E), MUMBAI 400603, INDIA

Current Business Interest

No.	Name	Position	Appt Date	#of Share	%
1	HCC SINGAPORE ENTERPRISES PTE. LTD.	DIRECTOR	18/12/2007	-	-

Previous Business

No.	Name	Status	Position	Appt Date	Last Known Inactive Date
No Trace

Bankruptcy Record

Case No.	Year	Date of Filing	Petitioner Name	Amount
No Trace

Litigation Search – Writ of Summons

Court	Case No.	Year	Date of Filing	Amount	Cause Category
No Trace

SUBSIDIARIES AND ASSOCIATE COMPANIES

Company	Shareholdings (%)
NA

BANKERS/ FINANCIERS

Subject enjoys a normal banking routine with its bankers. To date, there are no bank charges registered against Subject by its bankers.

LITIGATION

Clear

COMPLIANCE RECORDS

Date of Last AGM	:	06/05/2011
Date of Last AR	:	24/05/2011
Date of A/C Laid At Last AGM	:	31/03/2011

FINANCIAL HIGHLIGHTS

Financial Figures	Company
	MAR 2011	% Change	MAR 2010	MAR 2009
Currency	SINGAPORE, DOLLARS		SINGAPORE, DOLLARS	SINGAPORE, DOLLARS
Profit and Loss Key Figures
Turnover	0	NA	0	0
Profit/(Loss) Before Tax	(11,811)	NA	(12,056)	(21,953)
Profit After Tax attributable to Shareholders	(11,811)	NA	(12,056)	(21,953)
Balance Sheet Key Figures
Total Assets	10,882	631.39	1,488	2,270
Current Assets	10,882	631.39	1,488	2,270
Non Current Assets	0	NA	0	0
Total Liabilities	47,500	68.99	28,109	17,012
Current Liabilities	47,500	68.99	28,109	17,012
Non Current Liabilities	0	NA	0	0
Shareholders' Funds	(36,618)	NA	(26,621)	(14,741)
Share Capital	6,640	-6.81	7,126	7,212
Total Reserves	(43,258)	NA	(33,746)	(21,953)

FINANCIAL RATIOS

	Company
	MAR 2011	MAR 2010	MAR 2009
Growth %
Year-on-Year Growth	NA	NA	NA
Profitability
Profit Margin (%)	0.00	0.00	0.00
Return on Equity (%)	32.26	45.29	148.92
Return on Assets (%)	-108.54	-810.34	-966.96
Leverage
Total Debt/Equity (Times)	-1.30	-1.06	-1.15
Current Debt/Equity (Times)	0.00	0.00	0.00
Long Term Debt To Equity (Times)	0.00	0.00	0.00
Total Asset To Total Equity (Times)	-0.30	-0.06	-0.15
Asset Management
Total Assets Turnover (Times)	0.00	0.00	0.00
Fixed Assets Turnover (Times)	0.00	0.00	0.00
Liquidity
Current Ratio (Times)	0.23	0.05	0.13

FINANCIAL COMMENTARY

Profitability

We are unable to comment on Subject's profitability.

Liquidity

Current ratio stood at 0.23 times in FY11 (FY10: 0.05 times). This means that the company has SINGAPORE, DOLLARS 0.23 of current assets for every SINGAPORE, DOLLARS of current liability incurred.

A minimum figure of 1.0 would be considered the lowest limit that this figure should reach. Any business that has a current ratio near 1.0 may be heading for liquidity problems, and would need to be closely monitored. A figure greater than 2.0 would be more desirable, to act as a buffer against any short-term liquidity problems, and give creditors/bank managers a degree of comfort when granting credit/finance.

Leverage

We are unable to comment on Subject's leverage.

Efficiency Ratio

Return on equity was 32.26 per cent for Subject in the current financial period, as compared to 45.29 per cent a year ago. The return on equity measures the return earned on the owner's investment. Generally, the higher this return, the better off the owner.

We are unable to comment on Subject's return on assets.

We are unable to comment on Subject's total assets turnover ratio.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.25
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%)

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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.