MIRA INFORM REPORT

Report Date :

28.06.2011

IDENTIFICATION DETAILS

Name :	ELDRIC MARKETING PTE LTD

Registered Office :	5 Pereira Road #02-01 Asiawide Industrial Building Singapore 368025

Country :	Singapore

Date of Incorporation :	09.12.1975

Com. Reg. No.:	197502143C

Legal Form :	Private Limited Liability Company

Line of Business :	Agent of refrigerators

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 40,000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
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:	Eldric Marketing Pte Ltd
Supplied Name:	Eldric Marketing Pte Ltd.
Trading Address:	140 Paya Lebard Road, #04-06 A-Z Building Singapore 409015, Singapore
Supplied Address:	140 Paya Lebard Road, #04-06 A-Z Building Singapore 409015, Singapore
Telephone Number:	+65-6743-8388
Fax Number:	+65-6743-0202

Credit Summary

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

Company Identification Details

Registered Name:	Eldric Marketing Pte Ltd
Registered Address:	5 Pereira Road #02-01 Asiawide Industrial Building Singapore 368025
Date of Registration::	1975-12-9
Registered Number:	197502143C
Country of Incorporation:	Singapore
Registered Capital:	SGD 500,000 (USD 402,900) (As of 2011.06, 1 SGD = 0.8058 USD)
Paid-up Capital:	SGD 500,000 (USD 402,900) = 500,000 Shares@1 SGD
Legal Form:	Private Limited Liability Company
Principal Activities:	Agent of refrigerators
Staff:	About 10 Employees
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2010-7-2

History

Subject was incorporated on 1975-12-9 with registered number 197502143C as Private Limited Liability Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Regina Yeo Siak Nee	166,667	33.3334%
Jing Song Sing	333,333	66.6666%
Total	500,000	100%

Major Shareholder Information:

1
Name:	Regina Yeo Siak Nee
Value:	SGD 166,667
ID Number:	S0198361Z
Address:	27 Balmoral Road #05-27 Balmoral Tower Singapore 259808
Nationality:	Singapore Citizen
2
Name:	Jing Song Sing
Value:	SGD 333,333
ID Number:	S0447925D
Address:	27 Balmoral Road #05-27 Balmoral Tower Singapore 259808
Nationality:	Singapore Citizen

Subsidiaries & Branches

Subject did not register 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:	Regina Yeo Siak Nee
Position:	Director
ID Number:	S0198361Z
Address:	27 Balmoral Road #05-27 Balmoral Tower Singapore 259808
Nationality:	Singapore Citizen
Date of Appointment:	1998-4-14
2
Name:	Regina Yeo Siak Nee
Position:	Secretary
ID Number:	S0198361Z
Address:	27 Balmoral Road #05-27 Balmoral Tower Singapore 259808
Nationality:	Singapore Citizen
Date of Appointment:	1985-3-15
3
Name:	Jing Song Sing
Position:	Director
ID Number:	S0447925D
Address:	27 Balmoral Road #05-27 Balmoral Tower Singapore 259808
Nationality:	Singapore Citizen
Date of Appointment:	1977-5-2

Personnel Structure

Total Employees

About 10 Employees

Operation Information

Offices & Factories

	Office
Address:	140 Paya Lebard Road, #04-06 A-Z Building Singapore 409015, Singapore

Purchase

l The subject purchases refrigerators.

l The subject purchases from foreign markets.

Sales Information

l The subject is engaged in sales of refrigerators.

l The subject sells products in Asian markets.

Settlements

Purchase

Domestic Markets

The subject seldom purchases from domestic markets.

Overseas Markets

Products	Payment Terms	Proportion
Refrigerators	CBD, etc	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
Refrigerators	CBD, etc	100%

Overseas Markets

Product	Sales Terms	Proportion
Refrigerators	CBD, etc	100%

Financial Figures

Year	Sales
2010	About USD 4,000,000

Notes: The information as above is from introduction.

Bankers

Open Account Bank

Name:

DBS Bank

Public

Charges

Charge 1
Charge Number:	8704143
Date of Registration:	1987-12-31
Name:	Malayan Banking Berhad
Amount Secured:	SGD 165,000
Charge 2
Charge Number:	8901823
Date of Registration:	1989-5-23
Name:	Malayan Banking Berhad
Amount Secured:	SGD 360,000
Charge 3
Charge Number:	8901824
Date of Registration:	1989-5-23
Name:	Malayan
Amount Secured:	SGD 360,000
Charge 4
Charge Number:	9500820
Date of Registration:	1995-2-9
Name:	Malayan Banking Berhad
Amount Secured:	All Monies
Charge 5
Charge Number:	9506693
Date of Registration:	1995-11-2
Name:	The Bank Of East Asia Limited
Amount Secured:	All Monies
Charge 6
Charge Number:	9607329
Date of Registration:	1996-12-5
Name:	The Bank Of East Asia Limited
Amount Secured:	All Monies

Interview Details

Name:

Jing Song Sing

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.10
UK Pound	1	Rs.71.88
Euro	1	Rs.63.75

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.