MIRA INFORM REPORT

Report Date :

06.12.2011

IDENTIFICATION DETAILS

Name :	DINTEK AUSTRALASIA LIMITED

Registered Office :	Unit F, 241 Rosedale Road Albany Auckland 0757

Country :	New Zealand

Date of Incorporation :	18.04.2008

Com. Reg. No.:	2108020

Legal Form :	Private Limited Company

Line of Business :	Import and distributor of data cables, panels and connectors.

No. of Employees :	_{2 directors are the only employees of the Subject}

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 3,000
Status :	Moderate
Payment Behaviour :	No Complaints
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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

New Zealand

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

IDENTIFICATION DETAILS

Verified Address Subject name :	DINTEK AUSTRALASIA LIMITED
Business address :	Unit F, 241 Rosedale Road
Town :	Albany
Province :	Auckland
Zip/postal code :	0757
Country :	New Zealand
Tel :	+64 9 4731180
Fax :	+64 9 4731182
Email :	terry@dintekaustralasia.com
Website :	www.dintekaustralasia.com
Registered address :	Unit F, 241 Rosedale Road
Town :	Albany
Province :	Auckland
Zip/postal code :	0757
Country :	New Zealand
Postal address :	P.O. Box 305481 Triton Plaza
Town :	Albany
Province :	Auckland
Zip/postal code :	0757
Country :	New Zealand

SUMMARY DETAILS

Executive Summary

Date founded or registered : 18/04/2008

Legal form : Private Limited Company

Chief executive : Terry Mohi Aprihama Henare

Issued & paid up capital NZD 100

Sales turnover : NZD 350,000 (Estimated non-consolidated 12 months, 31/03/2011)

Line of business : Import and distributor of data cables, panels and connectors.

_{Staff employed : 2 directors are the only employees of
the Subject}

CREDIT RISK OPINION

Company Analysis

Country risk : Country risk is minimal

Operation trend : Operational trend is in start-up phase

Management experience : Management is modestly experienced

Financial performance : Financial performance is fair

Organization structure : Organizational structure is acceptable

Detrimental records : No detrimental records found

Payment history : No payment delays noted

Credit amount suggestion : USD 3,000

Credit amount asked : Not described.

_{Comments : It is advisable to conduct business
dealing on prepayment or L/C basis for larger} _{credit transactions
than suggested.}

STATUTORY DETAILS

Registry Data

Registration date : 18/04/2008

Legal form : Private Limited Company

Registration no 2108020

Registered authority : New Zealand Companies Office

Registry status : Live/Active

Previous name : The Subject was incorporated under the name DINTEK AUSTRALASIA LIMITED

on 18-04-2008 and changed its name to EXELL AGENCIES LIMITED on the 12-04-2011. On the same day EXELL AGENCIES LIMITED changed its name back to DINTEK AUSTRALASIA LIMITED.

_{Change of legal form : None reported.}

MANAGEMENT / DIRECTORS

Key Management

Name : Terry Mohi Aprihama Henare

Designation : Director

Name : Lesley Anne Henare

_{Designation : Director}

BOARD OF DIRECTORS/ OTHER APPOINTMENTS

Appointments

Name : Terry Mohi Aprihama Henare

Designation : Director

Appointment date : 18/04/08

Address : 3 Wyoming Avenue

Murrays Bay, Auckland 0630

Auckland

New Zealand

Name : Lesley Anne Henare

Designation : Director

Appointment date : 01/02/10

Address : 3 Wyoming Avenue

Murrays Bay, Auckland 0630

Auckland

New Zealand

_{Staff employed : 2 directors are the only employees of the
Subject}

SHARE CAPITAL

Composition

Authorized Capital : NZD 100

No of shares : 100 Shares

Share par value : NZD 1

Issued capital : NZD 100

_{Paid up capital : NZD 100}

OWNERSHIP / SHAREHOLDERS

How listed : Full List

Composition

Shareholder name : Terry Mohi Aprihama Henare

Address : 3 Wyoming Avenue

Murrays Bay, Auckland 0630

Auckland

New Zealand

No. of shares : 100 Shares

_{% of shares : 100%}

RELATED COMPANIES & CORPORATE AFFILIATIONS

Structure

Name : EXELL BUILDING SERVICES LIMITED

Affiliation type : Associate

Address : Unit F, 241 Rosedale Road

Albany, Auckland 0757

New Zealand

Name : EXELL AGENCIES LIMITED

Affiliation type : Associate

Address : Unit F, 241 Rosedale Road

Albany, Auckland 0757

New Zealand

Name : EXELL ELECTRICAL AND DATA LIMITED

Affiliation type : Associate

Address : Unit F, 241 Rosedale Road

Albany, Auckland 0757

_{New Zealand}

BANK & MORTGAGES

Bank Details

Name of bank : Kiwibank

Address : New Zealand

Account details : Current Account

Comments : It is generally not the policy of local banks to provide credit status information to non related parties, however interested parties would be advised to consult first with the Subject if banker's references are required.

_Mortgages: None reported.

Legal Fillings

Bankruptcy fillings : None reported.

Court judgements : None reported.

Tax liens : None reported.

Others : None reported.

FINANCIAL DATA

Description

Source of financial statement : Provided by the Subject

Financial statement date : 31/03/11

Type of accounts : Estimated key figures

Currency : New Zealand, Dollar (NZD)

Exchange rate : 1 USD = NZD 1.28 as of 12-05-2011

Summarized Financial Information

^{Consolidation type :}Non Consolidated

^{Currency :}New Zealand, Dollar

(NZD) ^{Denomination :}(x1) One

^{Date of financial year end :}31/03/11

^{Length of accounts :}12 months

^{Sale turnover / Income :}350,000

Comments : The estimated turnover was provided by Mr. Terry Mohi Aprihama Henare.

Private Companies in New Zealand are not required to file accounts unless classified as "Large", which at the moment means that two out of the following three conditions are met:

- The company has a sales turnover of over NZD 20,000,000;

- The company has total assets of over NZD 10,000,000;

_{- The company employs 50 people
or more.}

OPERATION DETAILS

Main activities : The Subject is engaged as import and distributor data cables, panels and connectors.

Brand : DINTEK

Purchases

International : Taiwan

Sales

Local : Yes

International : No exports.

Property & Assets

Premises : The Subject operates from head office located at the verified heading address consisting of administrative office and warehouse.

_{Branches : None reported.}

SUMMARIZED COUNTRY RISK

Gross Domestic Products (GDP) & Economic Overview

Central bank : Reserve Bank of New Zealand

Reserve of foreign exchange & gold : US$ 18.421 billion

Gross domestic product - GDP : US$ 140,434 billion

GPP (Purchasing power parity) : 119.791 billion of International dollars

GDP per capita - current prices : US$ $32,145

GDP - composition by sector : agriculture: 4.6% industry: 23.7% services: 71.7%

Inflation : 2008: 4%

2009: 2.1%

2010: 2.5%

Unemployment rate : 2008: 4.2%

2009: 6.2%

_{2010: 6.2%}

Public debt

(General Government gross debt as a % GDP) : 2008: 20.4%

2009: 26.2%

_{2010: 31%}

Government bond ratings : Standard & Poor's: AA+/Stable/A-1+

Moody's rating: Aaa

_{Moody's outlook: STA}

Market value of publicly traded shares : US$ 67.061 billion

Largest companies in the country : Telecom of New Zealand, Transpower, Fletcher Building, Infratil

Trade & Competitiveness Overview

Total exports : US$29.53 billion

Exports commodities : dairy products, meat, wood and wood products, fish, machinery

Total imports : US$31.11 billion

Imports commodities : machinery and equipment, vehicles and aircraft, petroleum, electronics,textiles, plastics

Export - major partners : Australia 22%, US 11.5%, Japan 9.2%, China 5.3%, UK 4.6%

Import - major partners : Australia 20.7%, China 13.4%, US 9.7%, Japan 9.5%, Singapore 4.9%, Germany 4.7%

FDI Inflows : 2007: US$3,441 million

2008: US$4,993 million

2009: US$348 million

FDI Outflows : 2007: US$3,703 million

2008: US$-239 million

2009: US$-406 million

_{Best countries for doing business : 3 out
of 183 countries}

Global competitiveness ranking : 23 (ranking by country on a basis of 133, the first is the best)

Country and Population Overview

Total population : 4.37 million

Total area : 270,467 km2

Capital : Wellington

_{Currency : New Zealand dollars (NZD)}

Internet users as % of total population: 84.38%

PAYMENT HISTORY

Purchase Term

International : Credit 30 days

Sales Term

Local : Credit 30-60 days

Trade Reference/ Payment

Behaviour

Comments : As local and international trade references were not supplied, the Subject's payment track record history cannot be appropriately determined but based on our research, payments are believed to be met without delay.

Investigation Note

Sources : Interviews and material provided by the Subject

: Other official and local business sources

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.39
UK Pound	1	Rs.80.20
Euro	1	Rs.68.92

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.