MIRA INFORM REPORT

Report Date :

08.06.2011

IDENTIFICATION DETAILS

Name :	NEW SILK ROAD INVESTMENT PTE. LTD.

Registered Office :	78 Amoy Street #02-02 Singapore 069897

Country :	Singapore

Date of Incorporation :	08.08.2008

Com. Reg. No.:	200815626E

Legal Form :	Limited Exempt Private Company

Line of Business :	Subject operates as a Fund Management Company

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 50,000
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:	New Silk Road Investment Pte. Ltd.
Supplied Name:	New Silk Road Investments
Trading Address:	78 Amoy Street, #02-02, Singapore 069897
Supplied Address:	78 Amoy Street, #02-02 069897 Singapore
Telephone Number:	+65-6593-6138
Fax Number:	+65-6220-0380
E-mail:	enquiries@nsr.com.sg

Notes: Subject’s full name and exact address are as above.

Credit Summary

Credit Rating:

Maximum credit USD 50,000

Credit Opinion:

Business connections are permissible.

Company Identification Details

Registered Name:	New Silk Road Investment Pte. Ltd.
Registered Address:	78 Amoy Street #02-02 Singapore 069897
Date of Registration::	2008-8-8
Registered Number:	200815626E
Country of Incorporation:	Singapore
Registered Capital:	SGD 2,500,000 (USD 2,033,250) Issued Ordinary: SGD 2,325,000 (USD 1,890,923) Issued Preference: SGD 175,000 (USD 142,328) (As of 2011.06, 1 SGD = 0.8133 USD)
Paid-up Capital:	SGD 2,500,000 (USD 2,033,250) Issued Ordinary: SGD 2,325,000 (USD 1,890,923) Shares@1 SGD Issued Preference: SGD 175,000 (USD 142,328) Shares@1 SGD
Legal Form:	Limited Exempt Private Company
Principal Activities:	Subject operates as a Fund Management Company
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2011-4-25

Note: The staff information is not available from subject or other sources.

History

Subject was incorporated on 2008-8-8 with registered number 200815626E as Limited Exempt Private Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Chua Siong Kheng	125,000	5%
Raymond Goh Wee Hock	1,511,250	60.45%
Hoong Yik Luen	813,750	32.55%
Lim Koh Sang	50,000	2%
Total	2,500,000	100%

Major Shareholder Information:

1
Name:	Chua Siong Kheng
ID Number:	A18335517
Address:	No. 337 Jalan S2 H11, Park Avenue, Seremban 2 70300 Seremban, Negeri Sembilan, Malaysia
Nationality:	Malaysian
2
Name:	Raymond Goh Wee Hock
ID Number:	S1693149G
Address:	33 Mount Sinai Rise #21-08 Marbella, The Singapore 276954
3
Name:	Hoong Yik Luen
ID Number:	S2591858D
Address:	24 Sunset Heights Clementi Park Singapore 597410
4
Name:	Lim Koh Sang
ID Number:	S7776566B
Address:	43 Jalan Teliti Kuan Ming Gardens Singapore 537337

Subsidiaries & Branches

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

Manage Information

Core Management

Detailed Information of Management:

1
Name:	Raymond Goh Wee Hock
Position:	Director
ID Number:	S1693149G
Address:	33 Mount Sinai Rise #21-08 Marbella, The Singapore 276954
Nationality:	Singapore Citizen
Date of Appointment:	2008-8-8
2
Name:	Nor Hafiza Alwi
Position:	Secretary
ID Number:	S1788410G
Address:	2 Ghim Moh Road #07-318 Singapore 270002
Nationality:	Singapore Citizen
Date of Appointment:	2009-1-5
3
Name:	Hoong Yik Luen
Position:	Director
ID Number:	S2591858D
Address:	24 Sunset Heights Clementi Park Singapore 597410
Nationality:	Singapore P.R.
Date of Appointment:	2008-9-22
4
Name:	Lee Bee Fong
Position:	Secretary
ID Number:	S7376654J
Address:	118D Jalan Membina #07-103 Singapore 164118
Date of Appointment:	2009-1-5

Operation Information

Offices & Factories

	Office
Address:	78 Amoy Street, #02-02, Singapore 069897

Operation Information

Subject is an investment management firm based in Singapore.

And it mainly invests in Asian companies with the aim of achieving superior long term absolute returns through an independent, fundamentally-based, value-driven investment process.

Subject is the Investment Manager of the Asia Landmark Fund which was launched in May 2009.

The Asia Landmark Fund has both onshore and offshore investment structures for US and International investors via a Cayman LP and Cayman offshore feeder fund.

Subject is independent and wholly-owned by the principals and employees.

Settlements

Information on settlement is not available from subject or other sources.

Financial Information

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore, subject did not submit the financial information to the local registry, and the only source from which we can obtain the information is the subject itself.

Subject declined to disclose its financial information citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.

Bankers

Bank Charges

Charge Number:	C200900726
Date of Registration:	2009-1-29
Name:	DBS Bank Ltd.
Amount Secured:	All Monies

Auditors

Name:

RSM CHIO LIM LLP

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.74
UK Pound	1	Rs.73.25
Euro	1	Rs.65.48

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.