MIRA INFORM REPORT

Report Date :

07.01.2011

IDENTIFICATION DETAILS

Name :	MIRAE COMPANY

Registered Office :	152-3, Chaesin-dong, Yeongcheon-si, Gyeongbuk, Korea 770-160

Country :	South Korea

Date of Incorporation :	04.10.2000

Com. Reg. No.:	502-09-79928

Legal Form :	Sole Proprietorship

Line of Business :	Manufacture of Plastic Raw Materials

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Moderate

Payment Behaviour :	Unknown

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 – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

South Korea

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

Basic

Company Name	MIRAE COMPANY (Korean Company Name : “미래산업”)
Registered Address	152-3, Chaesin-dong, Yeongcheon-si, Gyeongbuk, Korea
Zip Code	770-160
Tel	+82-54-335-0255
Fax	N/A
Trading Address	152-3, Chaesin-dong, Yeongcheon-si, Gyeongbuk, Korea
Tel	+82-54-335-0255
Fax	N/A
Type	Export/Import
Industry	Manufacture of Plastic Raw Materials
Main Business	Plastic Raw Materials
Established (mm/dd/yyyy)	10/04/2000

Mr. Noh Seok-Ho owns the premises of registered HQ address.

Detailed Products

Activity	Detailed Products (UNSPSC)
Sell	Plastic Raw Materials

CEO’s

Name	Noh Seok-Ho
Address	Suite 102-1305, 963-4, Geomsa-dong, Dong-gu, Daegu, Korea
Date of Birth	04/08/1951
Title	Owner
Sex	Male
Nationality	Korean

Profiles

Capital (KRW)	Not Applicable to the Sole Proprietorship
Employees	14
Formation	Sole Proprietorship
Bank Details	Daegu Bank(170111-0000141)-Hyomok Dong Branch 118, Suseong-dong 2-ga, Suseong-gu, Daegu, Korea Korea Exchange Bank
Corporate Registered No.	Not Applicable to the Sole Proprietorship
Business Registered No.	502-09-79928
Permit & Licenses	Int’l Trade No.: 13119179
Shareholder Position	The owner has 100% shares.
Company History	10/04/2000 Established as the present name

The premises(493.89m2) at 152-3, Chaesin-dong, Yeongcheon-si, Gyeongbuk, Korea are pleaded as a collateral amounting 650,000,000 KRW and it has been owned by Mr. Noh Seok-Ho since 01/10/2007.

Management

Job Description	Title	Name	Sex	Nationality	Inauguration Date
Owner	Mr.	Noh Seok-Ho	Male	Korean	10/04/2000

Financials

The financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

Financial Description

Authorized Capital(KRW)	Not Applicable to the Sole Proprietorship
Paid-Up Capital(KRW)	Not Applicable to the Sole Proprietorship
Total Issues Shares	Not Applicable to the Sole Proprietorship

Products, Technologies, Services Description

Main Products & Services

Plastic Raw Materials

Trade Partners & Competitors

Competitors

BIZ MRO CO., LTD.

4TH FL., IN-U BLDG., 109-1, SAMSEONG 1-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-3702-0900 FAX:+82-2-3702-0901

CYBER DISTY CO., LTD.

A-501, WOOLIM LION`S VALLEY 1-CHA, 371-28, GASAN-DONG, GEUMCHEON-GU, SEOUL, KOREA

TEL:+82-2-2026-5600 FAX:+82-2-2026-5629

ENTOB CORPORATION

RM. 701, ANAM TOWER, 702-10, YEOKSAM 1-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-2007-0800 FAX:+82-2-2007-0888

Sales by Region

(Activity & Markets)

Not Available.

Court Action

Not Available.

News Clipping

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FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.31
UK Pound	1	Rs.70.26
Euro	1	Rs.59.56

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.