MIRA INFORM REPORT

Report Date :

01.06.2011

IDENTIFICATION DETAILS

Name :	LSK ENGINEERING (S) PTE LTD

Registered Office :	159 Sin Ming Road #04-08 Amtech Bldg Singapore 575625

Country :	Singapore

Date of Incorporation :	16.01.1990

Com. Reg. No.:	199000237G

Legal Form :	Private Limited Liability Company

Line of Business :	Electrical Works

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 40,000
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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Singapore

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

Bottom of Form

Contact Points

Company Name:	LSK Engineering (S) Pte Ltd
Supplied Name:	LSK Engineering (S) Pte Ltd
Trading Address:	No. 159 Sin Ming Road #04-08 Amtech Building Singapore 575625
Supplied Address:	No. 159 Sin Ming Road #04-08 Amtech Building Singapore 575625
Telephone Number:	+65-6553-3955
Fax Number:	+65-6553-3966
E-mail:	general@lsk.com.sg

Credit Summary

Credit Rating:	Maximum credit USD 40,000
Credit Opinion:	Business connections are permissible.

Company Identification Details

Registered Name:	LSK Engineering (S) Pte Ltd
Registered Address:	159 Sin Ming Road #04-08 Amtech Bldg Singapore 575625
Date of Registration::	1990-1-16
Registered Number:	199000237G
Country of Incorporation:	Singapore
Registered Capital:	SGD 1,500,000 (USD 1,218,750) (As of 2011.05, 1 SGD = 0.8125 USD)
Paid-up Capital:	SGD 1,500,000 (USD 1,218,750) = 1,500,000 Shares@1 SGD
Legal Form:	Private Limited Liability Company
Principal Activities:	Electrical Works
Staff:	More than 20 Employees
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2010-7-30

History

Subject was incorporated on 1990-1-16 with registered number 199000237G as Private Limited Liability Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Paulla Lee	390,000	26%
Ng Daniel	382,500	25.5%
Heng Hong Ngee	727,500	48.5%
Total	1,500,000	100%

Major Shareholder Information:

1
Name:	Paulla Lee
Value:	SGD 390,000
ID Number:	S0013159H
Address:	34 Taman Warna Singapore 276370
Nationality:	Singapore Citizen
2
Name:	Ng Daniel
Value:	SGD 382,500
ID Number:	S1461802C
Address:	234A Serangoon Avenue 2 #12-135 Singapore 551234
Nationality:	Singapore Citizen
3
Name:	Heng Hong Ngee
Value:	SGD 727,500
ID Number:	S1479045D
Address:	42 Thomson Walk Singapore 574495
Nationality:	Singapore Citizen

Subsidiaries & Branches

Related Company:

Name:	LSK M&E Engineering (M) Sdn Bhd (7351-A)
Registered Address:	Suite 1306, Level 13 City Plaza, Jalan Tebrau 80300 Johor Bahru, Malaysia

Manage Information

Core Management

Detailed Information of Management:

1
Name:	Ng Daniel
Position:	Director
ID Number:	S1461802C
Address:	234A Serangoon Avenue 2 #12-135 Singapore 551234
Nationality:	Singapore Citizen
Date of Appointment:	1990-1-16
2
Name:	Heng Hong Ngee
Position:	Director
ID Number:	S1479045D
Address:	42 Thomson Walk Singapore 574495
Nationality:	Singapore Citizen
Date of Appointment:	1991-9-20
3
Name:	Yang Chiah Ming @ Yeng Chiah Ming
Position:	Secretary
ID Number:	S1170628B
Address:	8A Lorong Kismis Unique Garden Singapore 598004
Nationality:	Singapore Citizen
Date of Appointment:	1990-1-22

Personnel Structure

Total Employees

More than 20 Employees

Operation Information

Offices & Factories

	Office
Address:	No. 159 Sin Ming Road #04-08 Amtech Building Singapore 575625

Purchase

l The subject purchases tolls.

l The subject purchases from Singapore.

Sales Information

l The subject is engaged in providing electrical engineering & Contracting Services such as Busbar Trunking System, H.T & L.T Switchboard, H.T & L.T Electrical Installation, and Lightning Protection System, etc

l The clients are including Bank of East Asia, Barclays Capital Global Services Singapore Pte Ltd, Goldman Sachs (Singapore) Pte, Nomura Singapore Ltd, Societe Generale Bank & Trust Singapore Branch, Standard Chartered Bank, The Hongkong and Shanghai Banking Corporation Ltd, UBS AG, Visa International Singapore Holdings Pte Ltd, Hong Leong Holdings Ltd, HPL Investments (1990) Pte Ltd, Leo Property Management Pte Ltd and Prime Point Realty Development Pte Ltd, etc.

l Subject provides services both to domestic and overseas markets.

Settlements

Purchase

Domestic Markets

Products	Payment Terms	Proportion
Tools	COD, etc	100%

Overseas Markets

The subject seldom imports.

Sales

Domestic Markets

Product	Sales Terms	Proportion
electrical engineering & Contracting Services	CBD, etc	100%

Overseas Markets

Product	Sales Terms	Proportion
electrical engineering & Contracting Services	CBD, etc	100%

Financial Figures

We will update the information as soon as we got the information.

Bankers

Open Account Bank

Name:

DBS Bank

Auditors

Name:

P G Wee & Partners

Public

Charges

Charge 1
Charge Number:	199905620
Date of Registration:	1999-12-20
Name:	Dbs Bank Ltd.
Amount Secured:	All Monies
Charge 2
Charge Number:	C200400326
Date of Registration:	2004-1-15
Name:	Standard Chartered Bank
Amount Secured:	All Monies
Charge 3
Charge Number:	C200405930
Date of Registration:	2004-11-26
Name:	Dbs Bank Ltd.
Amount Secured:	All Monies
Charge 4
Charge Number:	C200606946
Date of Registration:	2006-10-17
Name:	Oversea-Chinese Banking Corporation Limited
Amount Secured:	All Monies
Charge 5
Charge Number:	C200706153
Date of Registration:	2007-8-1
Name:	Malayan Banking Berhad
Amount Secured:	All Monies
Charge 6
Charge Number:	C201006223
Date of Registration:	2010-7-21
Name:	Oversea-Chinese Banking Corporation Limited
Amount Secured:	All Monies

Interview Details

Name:

Heng Hong Ngee

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.03
UK Pound	1	Rs.74.43
Euro	1	Rs.64.75

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.