MIRA INFORM REPORT

Report Date :

18.07.2011

IDENTIFICATION DETAILS

Name :	PAN ASIA INTERCONTINENTAL PTE. LTD.
Registered Office :	141 Cecil Street #02-04 Tung Ann Association Building Singapore 069541
Country :	Singapore
Date of Incorporation :	11.10.2010
Com. Reg. No.:	201021705M
Legal Form :	Limited Exempt Private Company
Line of Business :	General Trading

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New Company
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 – March 31^st, 2011

Country Name	Previous Rating (31.12.2010)	Current Rating (31.03.2011)
Singapore	a1	a1

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

Contact Points

Company Name:	Pan Asia Intercontinental Pte. Ltd.
Supplied Name:	Pan Asia Intercontinental Pte Ltd
Trading Address:	141 Cecil Street #02-04 Tung Ann Association Building Singapore 069541, Singapore
Supplied Address:	55 Merryn Road, Singapore 298503
Telephone Number:	+65- 6222-2484
Fax Number:	+65- 6222-2541

Note: The exact name and address are both as above.

Credit Summary

Credit Opinion:

Subject declined to disclose any information, in view of the absence of information about subject’s financial status, caution should be exercised.

Special Notes

We contacted the subject company as the telephone (+65- 6222 2484), and the staff of subject just confirmed the name and the address of the company. And she declined to disclose any information about the subject

And we couldn’t get the information on subject from website.

We supplied subject’s principal activities registered in the local registry as follows for reference.

46900 General trading (including general importers and exporters)

Commission agents, trading in properties

We found subject’s registration information as follows for reference.

Company Identification Details

Registered Name:	Pan Asia Intercontinental Pte. Ltd.
Registered Address:	141 Cecil Street #02-04 Tung Ann Association Building Singapore 069541, Singapore
Date of Registration::	2010-10-11
Registered Number:	201021705M
Country of Incorporation:	Singapore
Registered Capital:	USD 400,000.00 SGD 2 (USD 1.63957 ) (As of 2011.07, 1 SGD = 0.81979 USD)
Paid-up Capital:	USD 400,000.00 = 400,000 Shares @ 1 USD SGD 2 (USD 1.63957 ) = 2 Shares@1 SGD
Legal Form:	Limited Exempt Private Company
Principal Activities:	46900 General trading (including general importers and exporters) Commission agents, trading in properties
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No.
Date of Last Annual Return:	N/A

Note:

The staff number is not available from the subject or other sources.

History

Subject was incorporated on 2010-10-11 with registered number 201021705M as Limited Exempt Private Company in Singapore.

Shareholders

Name	Subscription Amount	Proportion of Investment (%)
AJAY KUMAR DHAR	SGD 1	50%
TANU MERH	SGD 1	50%
Total	SGD 2	100%
AJAY KUMAR DHAR	USD 200,000	50%
TANU MERH	USD 200,000	50%
Total	USD 400,000	100%

Manage Information

Core Management

Detailed Information of Management:

1
Name:	M SAMBASIVAM
Position:	Secretary
ID Number:	S1650785G
Address:	204 Marsiling Drive#12-192 Singapore 730204
Nationality:	Singapore Citizen
Date of Appointment:	2010-10-11
2
Name:	AJAY KUMAR DHAR
Position:	Director
ID Number:	S2699761E
Address:	55 Merryn Road Dunearn Estate Singapore 298503
Nationality:	Singapore Citizen
Date of Appointment:	2010-10-11
3
Name:	TANU MERH
Position:	Director
ID Number:	S7182245A
Address:	55 Merryn Road Dunearn Estate Singapore 298503
Nationality:	Singapore P.R.
Date of Appointment:	2010-10-11
4
Name:	AUTAR KRISHEN DHAR
Position:	Director
ID Number:	Z021928
Address:	58/1 Ballygunge Circular Road, Flat 101a, Saptaparni Building, Kolkata - 700019
Nationality:	Indian
Date of Appointment:	2010-10-11

Operation Information

Offices & Factories

	Office
Address:	141 Cecil Street #02-04 Tung Ann Association Building Singapore 069541, Singapore

Operation Information

We can not obtain subject’s operation details, thus we supplied subject’s principal activities registered in the local registry as follows for reference.

46900 General trading (including general importers and exporters)

Commission agents, trading in properties

Settlements

Subject declined to supply the settlement information, and from the other sources, we couldn’t obtain it, either.

Financial Information

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Taiwan and the only source from which we can obtain the information is the subject itself.

Subject’s relevant staff declined to supply any information on the financial information

Bankers

Subject declined to supply any information on the financial information, and we couldn’t obtain the information from other sources.

Auditors

Name:

S C MOHAN & ASSOCIATES

Public

Charges

Charge 1
Charge Number:	C201011741
Date of Registration:	2010-12-3
Name:	MALAYAN BANKING BERHAD
Amount Secured:	All Monies
Charge 2
Charge Number:	C201011742
Date of Registration:	2010-12-3
Name:	MALAYAN BANKING BERHAD
Amount Secured:	All Monies

Interview Details

Name:

N/A

Note: The staff of the subject declined to disclose her name

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.53
UK Pound	1	Rs.71.91
Euro	1	Rs.62.98

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.