MIRA INFORM REPORT

Report Date :

27.07.2011

IDENTIFICATION DETAILS

Name :	RAVIRAJ SDN BHD
Registered Office :	15 (Lot 1159) Mukim 15, Jalan Seladang Alma Bukit Mertajam, 14000
Country :	Malaysia
Date of Incorporation :	Not Available
Legal Form :	Private Independent
Line of Business :	Operation of dairies and cheese making

RATING & COMMENTS

MIRA’s Rating :

B

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 – March 31^st, 2011

Country Name	Previous Rating (31.12.2010)	Current Rating (31.03.2011)
Malaysia	A2	A2

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

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company name and address Top of Form

Raviraj Sdn Bhd

15 (Lot 1159) Mukim 15, Jalan Seladang Alma
Bukit Mertajam, 14000
Malaysia
Tel:	+60 4 5525845
Fax:	+60 4 5521745
www.enrico.com.my

Employees:	100
Company Type:	Private Independent
Auditor:	S Thillaimuthu & Co

Financials in:	USD (mil)
Fiscal Year End:	31-Dec-2007
Reporting Currency:	Malaysian Ringgit
Annual Sales:	16.8
Total Assets:	NA

Business Description

Raviraj Sdn Bhd is primarily engaged in liquid milk and cream production; butter and cheese production; and manufacture of other milk products.

Industry

Industry	Food Processing
ANZSIC 2006:	113 - Dairy Product Manufacturing
NACE 2002:	1551 - Operation of dairies and cheese making
NAICS 2002:	31151 - Dairy Product (except Frozen) Manufacturing
UK SIC 2003:	1551 - Operation of dairies and cheese making
US SIC 1987:	202 - Dairy Products

Key Executives

Name	Title
Ramasamy Suthagar	Export Manager
Rajenan V	Managing Director
A/L Ramalingam Ravinan	Director
Rajenan A/L Velayudhan Nair V	Director

1 - Profit & Loss Item Exchange Rate: USD 1 = MYR 3.436422

2 - Balance Sheet Item Exchange Rate: USD 1 = MYR 3.307

Corporate Overview

Location
15 (Lot 1159) Mukim 15, Jalan Seladang Alma
Bukit Mertajam, 14000
Malaysia

Tel:	+60 4 5525845
Fax:	+60 4 5521745

www.enrico.com.my

Sales MYR(mil):	57.8
Assets MYR(mil):	NA
Employees:	100
Fiscal Year End:	31-Dec-2007

Industry:	Food Processing

Company Type:	Private Independent
Quoted Status:	Not Quoted

Director:	A/L Ramalingam Ravinan

Contents · Industry Codes · Business Description · Financial Data · Key Corporate Relationships

Industry Codes

ANZSIC 2006 Codes:
113	-	Dairy Product Manufacturing

NACE 2002 Codes:
1551	-	Operation of dairies and cheese making

NAICS 2002 Codes:
31151	-	Dairy Product (except Frozen) Manufacturing

US SIC 1987:
202	-	Dairy Products

UK SIC 2003:
1551	-	Operation of dairies and cheese making

Business Description

Raviraj Sdn Bhd is primarily engaged in liquid milk and cream production; butter and cheese production; and manufacture of other milk products.

Financial Data

Financials in:	MYR(mil)
Revenue:	57.8
Current Assets:	19.3
Date of Financial Data:	31-Dec-2007

1 Year Growth

NA

Key Corporate Relationships

Auditor:	S Thillaimuthu & Co
Bank:	Bank Muamalat Malaysia Bhd
Auditor:	S Thillaimuthu & Co

Executives Report

Board of Directors

Name	Title	Function
A/L Ramalingam Ravinan	Director	Director/Board Member
Rajenan A/L Velayudhan Nair V	Director	Director/Board Member

Executives

Name	Title	Function
Ramasamy Suthagar	Export Manager	International Executive
Rajenan V	Managing Director	Other

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FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.29
UK Pound	1	Rs.72.36
Euro	1	Rs.64.17

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.