MIRA INFORM REPORT

Report Date :

28.12.2011

IDENTIFICATION DETAILS

Name :	HOCK EEK SENG MACHINERY PTE LTD

Registered Office :	4 Kranji Loop, #01-13, Singapore 739540

Country :	Singapore

Date of Incorporation :	20.11.1986

Com. Reg. No.:	198602616W

Legal Form :	Private Limited Liability Company

Line of Business :	Wholesale of metals and metal ores except general hardware (e.g. steel pipes).

No. of Employees :	Less than 20 Employees

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 30,000
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^th, 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:	Hock Eek Seng Machinery Pte Ltd
Supplied Name:	Hock Eek Seng Machinery Pte Ltd.
Trading Address:	Jtc Flatted Factory Building #01-13, 4 Kranji Loop, Singapore 739540.
Supplied Address:	Jtc Flatted Factory Building, 4 Kranji Loop Singapore
Telephone Number:	+65-6368-8002
Fax Number:	+65-6368-8001
E-mail:	hockes@pacific.net.sg

Notes:

The complete address is shown as above.

Credit Summary

Credit Rating:	Maximum credit USD 30,000
Credit Opinion:	Business connections are permissible.

Company Identification Details

Registered Name:	Hock Eek Seng Machinery Pte Ltd
Registered Address:	4 Kranji Loop, #01-13, Singapore 739540
Date of Registration::	1986-11-20
Registered Number:	198602616W
Country of Incorporation:	Singapore
Registered Capital:	SGD 300,000; (USD 232,049 ) (As of 2011.12, 1 SGD = 0.77350 USD)
Paid-up Capital:	SGD 300,000 (USD 232,049) = 300,000 Shares@1 SGD
Legal Form:	Private Limited Liability Company
Principal Activities:	Wholesale of metals and metal ores except general hardware (e.g. steel pipes).
Staff:	Less than 20 Employees
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2011-12-15

History

Subject was incorporated on 1986-11-20 with registered number 198602616W as Private Limited Liability Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Ong Bee Dee	165,000	55
Ong Hui Ping Christie	45,000	15
Ong Hui Ling	60,000	20
Wang Huiting	30,000	10
Total	300,000	100

Major Shareholder Information:

1
Name:	Ong Bee Dee
ID Number:	S0245346J
Address:	33 Yunnan Drive 2 Singapore 638287
Nationality:	Singapore Citizen
2
Name:	Ong Hui Ping Christie
ID Number:	S7627532G
Address:	272B Jurong West Street 24 #07-96 Singapore 642272
Nationality:	Singapore Citizen
3
Name:	Ong Hui Ling
ID Number:	S7818961D
Address:	3 Elizabeth Drive #09-02 Singapore 669744
Nationality:	Singapore Citizen
4
Name:	Wang Huiting
ID Number:	S8322225E
Address:	33 Yunnan Drive 2 Singapore 638287
Nationality:	Singapore Citizen

Management Information

Core Management

Detailed Information of Management:

1
Name:	Ong Bee Dee
Position:	Director, Managing Director
ID Number:	S0245346J
Address:	33 Yunnan Drive 2, Singapore 638287.
Nationality:	Singapore Citizen
Date of Appointment:	1986-11-20
2
Name:	Wong Po Chee
Position:	Secretary
ID Number:	S1683179D
Address:	6A Boon Tiong Road, #01-41 Boon Tiong Ville Singapore 164006
Nationality:	Singapore citizen
Date of Appointment:	2010-09-14
3
Name:	Ong Hui Ling
Position:	Director
ID Number:	S7818961D
Address:	3 Elizabeth Drive #09-02, Singapore 669744.
Nationality:	Singapore citizen
Date of Appointment:	2008-11-27
4
Name:	Chew Wan Ying, Serene
Position:	Secretary
ID Number:	S8534030A
Address:	28A Dover Crescent, #35-09 Singapore 131028
Nationality:	Singapore Citizen
Date of Appointment:	2010-09-14

Operation Information

Offices & Factories

	Office
Address:	Jtc Flatted Factory Building #01-13, 4 Kranji Loop, Singapore 739540.

Production Information

l Subject is engaged in wholesaling of metals and metal ores except general hardware (e.g. steel pipes), without any production activity.

Purchase

l The subject purchases the materials from the overseas market, only in Japan.

Sales Information

l Subject is engaged in wholesaling of metals and metal ores

l The subject is an agent in Singapore connecting with the products of metals and metal ores, but it declined to provide further information about this.

l Subject only sells products to domestic markets in Singapore.

Settlements

Purchase

Domestic Markets

Subject in Singapore does not purchase from the domestic market.

Overseas Markets

Products	Payment Terms	Proportion
Metals and metal ores, etc	CBD, etc	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
Metals and metal ores, etc	COD, etc	100%

Overseas Markets

Subject in Singapore does not sell the products to the overseas market.

Financial Information

Subject refused to provide the financial figures. From other source, we cannot obtained it, either. The information about the financial figures is not available

Bankers

Subject declined to disclose its bank details; from other source we cannot obtain the relevant information, either.

Auditors

Name:

S. S. Ang & Co

Public

Charges

Charge Number:	C200403221
Date of Registration:	2004-07-02
Name:	DBS Bank Ltd.
Amount Secured:	All Monies

Interview Details

Name:

Mr. Shen

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.89
UK Pound	1	Rs.82.71
Euro	1	Rs.69.15

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.