MIRA INFORM REPORT

Report Date :

06.12.2011

IDENTIFICATION DETAILS

Name :	METALMAN EXIM (SINGAPORE) PTE. LTD.

Registered Office :	3 Shenton Way, #21-05, Shenton House Singapore 068805

Country :	Singapore

Date of Incorporation :	11.04.2007

Com. Reg. No.:	200706061H

Legal Form :	Private Limited Liability Company

Line of Business :	Wholesale distribution and trading of metal scrap material

No. of Employees :	Not Available

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 20,000
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)

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:	Metalman Exim (Singapore) Pte. Ltd.
Supplied Name:	Metalman Exim Singapore Pte Ltd.
Trading Address:	3 Shenton Way, #21-05, Shenton House Singapore 068805
Supplied Address:	No. 3, Shenton Way, 21-05, Shenton House, Singapore 068805
Telephone Number:	+65-67908590
Fax Number:	+65-63279436

Notes: The exact subject’s name and address are as above mentioned.

Credit Summary

Credit Rating:	Maximum credit USD 20,000
Credit Opinion:	Business connections are permissible.

Company Identification Details

Registered Name:	Metalman Exim (Singapore) Pte. Ltd.
Registered Address:	3 Shenton Way, #21-05, Shenton House Singapore 068805
Date of Registration::	2007-4-11
Registered Number:	200706061H
Country of Incorporation:	Singapore
Registered Capital:	SGD 942,000.00 (USD 741,259.80) (As of 2011.12, 1 SGD = 0.7869 USD)
Paid-up Capital:	SGD 942,000.00 (USD 741,259.80) = 942,000Shares@1 SGD
Legal Form:	Private Limited Liability Company
Principal Activities:	Wholesale distribution and trading of metal scrap material
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2011-6-30

Notes: Subject declined to introduce its staff number.

History

Subject was incorporated on 2007-4-11 with registered number 200706061H as Private Limited Liability Company in Singapore.

Shareholders

Name	Subscription Shares	Proportion of Investment (%)
Thakkar Mitesh Kantilal	349,201	37%
Sachin Jayprakash Jalan	130,000	14%
Meera Agarwal	462,799	49%
Total	942,000	100%

Major Shareholder Information:

1
Name:	Thakkar Mitesh Kantilal
ID Number:	G6004380P
Address:	460 Corporation Road #02-03 Parc Vista Singapore 649815
Nationality:	Indian
2
Name:	Sachin Jayprakash Jalan
ID Number:	S7568019H
Address:	242 Westwood Avenue #07-51 Floravale, The Singapore 648365
Nationality:	Singapore P.R.
3
Name:	Meera Agarwal
ID Number:	S7767561B
Address:	222 Westwood Avenue #03-11 Floravale, The Singapore 648355
Nationality:	Indian

Subsidiaries & Branches

Subsidiary:

1
Name:	Metalman Exim Inc
Address:	7944 Dockal Rd., Houston, TX, 77028
2
Name:	Rock Star Trading 49 (Pty) LTD
Address:	P. O. Box 2110, Rivonia Square 2128

Management Information

Core Management

Detailed Information of Management:

1
Name:	Thakkar Mitesh Kantilal
Position:	Director
ID Number:	G6004380P
Address:	460 Corporation Road, #02-03, Parc Vista, Singapore 649815
Nationality:	Indian
Date of Appointment:	2009-9-1
2
Name:	Sachin Jayprakash Jalan
Position:	Director
ID Number:	S7568019H
Address:	242 Westwood Avenue, #07-51, Floravale, The Singapore 648365
Nationality:	Singapore P.R.
Date of Appointment:	2009-9-30
3
Name:	Meera Agarwal
Position:	Director
ID Number:	S7767561B
Address:	222 Westwood Avenue, #03-11, Floravale, The Singapore 648355
Nationality:	Indian
Date of Appointment:	2009-3-4
4
Name:	Sonthalia Nandkishore
Position:	Director
ID Number:	Z1741884
Address:	Shyam Kunj, F-42, Anna Nagar East 1st Main Road Chennai, 600102 Tamilnadu, India
Nationality:	Indian
Date of Appointment:	2011-3-4
5
Name:	Bhalotia Vishnu
Position:	Secretary
ID Number:	S2729045J
Address:	10e Braddell Hill, #18-18, Braddell View Singapore 579724
Nationality:	Singapore Citizen
Date of Appointment:	2009-6-5

Operation Information

Offices & Factories

	Office
Address:	3 Shenton Way, #21-05, Shenton House Singapore 068805

Purchase

l The subject has established a good network of supply sources from various countries viz., New Zealand, Australia, Singapore, Malaysia, Thailand, UAE, United Kingdom, Russia and the United States of America.

l The subject has a large proportion for import.

Sales Information

l The subject specializes in the wholesale distribution and trading of metal scrap material.

l And the main products are heavy melting steel scrap, re rolling steel scrap, shredded steel scrap, seamless pipes, black / bright bars, wire rods, plates & sheets, steel billets, hot rolled / cold rolled / galvanized steel coils and slit coil, etc.

l The subject also represents M/s. EMR Limited, UK for sale of their shredded steel scrap in India.

l Subject has a strong customer base spread across various parts of India.

Settlements

Purchase

Domestic Markets

Products	Payment Terms	Proportion
Metal scrap material	CBD, etc.	100%

Overseas Markets

Products	Payment Terms	Proportion
Metal scrap material	CBD, etc.	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
Metal scrap material	CBD, etc.	100%

Overseas Markets

Product	Sales Terms	Proportion
Metal scrap material	CBD, etc.	100%

Financial Information

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore, subject did not submit the latest information to the local registry, and the only source from which we can obtain the information is the subject itself.

Subject’s relevant staff declined to disclose its financials citing the grounds of company’s confidentiality; from other source we cannot obtain the relevant information, either.

Auditors

Name:

Hajamaideen & Co.

Public

Charges

Charge 1
Charge Number:	C201008115
Date of Registration:	2010-9-13
Name:	Citibank N.A.
Amount Secured:	All Monies
Charge 2
Charge Number:	C201108707
Date of Registration:	2011-7-18
Name:	Indian Overseas Bank
Amount Secured:	All Monies

Notes: The man who answered the telephone declined to disclose his name.

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.