MIRA INFORM REPORT

Report Date :

29.12.2011

IDENTIFICATION DETAILS

Name :	S D K CHEMICAL ASIA PTE. LTD.

Registered Office :	138 Cecil Street #18-00 Cecil Court Singapore 069538

Country :	Singapore

Date of Incorporation :	14.07.2006

Com. Reg. No.:	200610327D

Legal Form :	Limited Exempt Private Company

Line of Business :	Commission Agents

No. of Employees :	5

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:	S D K Chemical Asia Pte. Ltd.
Supplied Name:	SDK Chemical Asia Pte Ltd.
Trading Address:	1 North Bridge Road, #07-08, High Street Centre, Singapore 179094
Supplied Address:	1 North Bridge Road, #07-08, High Street Centre, Singapore 179094
Telephone Number:	+65-6336-4786
Fax Number:	+65-6336-4787
E-mail:	info@sdkchem.com .; sugata@sdkchem.com

Notes: Subject’s exact name is as above.

Credit Summary

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

Company Identification Details

Registered Name:	S D K Chemical Asia Pte. Ltd.
Registered Address:	138 Cecil Street #18-00 Cecil Court Singapore 069538
Date of Registration::	2006-7-14
Registered Number:	200610327D
Country of Incorporation:	Singapore
Registered Capital:	SGD 350,000 (USD 270,025) (As of 2011.12, 1 SGD = 0.7715 USD)
Paid-up Capital:	SGD 350,000 (USD 270,025) = 350,000 Shares@1 SGD
Legal Form:	Limited Exempt Private Company
Principal Activities:	46100--Commission Agents 46900--General Trading
Staff:	About 5 employees
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2011-4-28

History

Subject was incorporated on 2006-7-14 with registered number 200610327D as Limited Exempt Private Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Sugata Deb Burman	300,000	86%
Jhanji Mitu	50,000	14%
Total	350,000	100%

Major Shareholder Information:

1
Name:	Sugata Deb Burman
ID Number:	S7281481I
Address:	54 Hume Avenue #03-11 Summerhill Singapore 596231
2
Name:	Jhanji Mitu
ID Number:	S7667009I
Address:	54 Hume Avenue #03-11 Summerhill Singapore 596231

Subsidiaries & Branches

Subject did not introduce whether it has any subsidiaries or branches; from other source we can not obtain the relevant information.

Management Information

Core Management

Detailed Information of Management:

1
Name:	Sugata Deb Burman
Position:	Director
ID Number:	S7281481I
Address:	54 Hume Avenue #03-11 Summerhill Singapore 596231
Nationality:	Singapore Citizen
Date of Appointment:	2006-7-14
2
Name:	Jhanji Mitu
Position:	Director
ID Number:	S7667009I
Address:	54 Hume Avenue #03-11 Summerhill Singapore 596231
Nationality:	Singapore P.R.
Date of Appointment:	2009-1-29
3
Name:	Looi Mee Ching
Position:	Secretary
ID Number:	S7077808D
Address:	299B Compassvale Street #08-96 Singapore 542299
Nationality:	Singapore Citizen
Date of Appointment:	2011-8-31
4
Name:	Seah Siew Yian
Position:	Secretary
ID Number:	S1670866F
Address:	433 Bukit Panjang Ring Road #03-625 Singapore 670433
Nationality:	Singapore Citizen
Date of Appointment:	2006-7-14

Operation Information

Offices & Factories

	Office
Address:	1 North Bridge Road, #07-08, High Street Centre, Singapore 179094

Production Information

l Subject is a trader of chemicals without any production activities itself.

Purchase Information

l Subject purchases both at home and abroad and it is introduced that subject’s purchases region include Singapore, Japan and Europe, etc

Sales Information

l Subject is engaged in local distribution of petrochemical-based solvents and its major products are raw materials used in the paints and coatings, inks, adhesives, polyurethane, textile auxiliaries, pharmaceuticals, etc.

l Subject’s products are both sold in domestic and overseas market.

Settlements

Purchase

Domestic Markets

Products	Payment Terms	Proportion
Chemicals	COD, CBD, etc	100%

Overseas Markets

Products	Payment Terms	Proportion
Chemicals	CBD, etc	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
Chemicals	CBD, etc	100%

Overseas Markets

Product	Sales Terms	Proportion
Chemicals	CBD, etc	100%

Financial Information

In Singapore, Limited Exempt Private Companies are not obligated to submit their financial statements to the local registry. We did not find the financials of subject from the local registry,

the subject also declined to disclose such information due to the confidentiality reason.

Bankers

Bank Charges:

Charge Number:	C201007770
Date of Registration:	2010-9-2
Name:	Malayan Banking Berhad
Amount Secured:	All Monies

Interview Details

Name:

Mr. Sugata

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.21
UK Pound	1	Rs.83.32
Euro	1	Rs.69.51

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.