MIRA INFORM REPORT

Report Date :

12.03.2011

IDENTIFICATION DETAILS

Name :	ROBERTS AUTOMOTIVE & INDUSTRIAL PARTS MFG CORP
Registered Office :	Canlubang Industrial Estate Barrio Diezmo Cabuyao Laguna 4025
Country :	Philippines
Date of Incorporation :	06.05.1993
Com. Reg. No.:	AS093-3440
Legal Form :	Private Company With Limited Liability
Line of Business :	Manufacturer, distributors, exporters, wholesaler and retailer of radiators, leaf springs and stamped metal parts.

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
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 – December 31, 2010

Country Name	Previous Rating (30.09.2010)	Current Rating (31.12.2010)
Philippines	B1	B1

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

Name and address

ROBERTS AUTOMOTIVE & INDUSTRIAL PARTS MFG CORP

CANLUBANG INDUSTRIAL ESTATE BARRIO DIEZMO

CABUYAO LAGUNA 4025, PHILIPPINES

TEL: 0063-49-5491943 FAX: 0063-49-5497385

EXECUTIVE SUMMARY

INCORPORATION DATE : MAY 6, 1993

REGISTRATION NO. : AS093-3440

LEGAL FORM : PRIVATE COMPANY WITH LIMITED LIABILITY

CHIEF EXECUTIVE : MR. ROBERT G. CHENG (CHAIRMAN)

STAFF STRENGTH : 500

CAPITAL : US$ 2,265,006

BUSINESS LINE : MANUFACTURER

TURNOVER : N/A (AS OF DEC. 31, 2009)

EQUITIES : N/A (AS OF DEC. 31, 2009)

PAYMENT : AVERAGE

RECOMM. CREDIT RANGE : MODERATE AMOUNT

MARKET CONDITION : AVERAGE

FINANCIAL CONDITION : N/A

OPERATIONAL TREND : STEADY

GENERAL REPUTATION : AVERAGE

EXCHANGE RATE : PHP 43.53508 = US$1

Adopted abbreviations:

ANS - amount not stated

NS - not stated

SC - subject company (the company inquired by you)

NA - not available

M - million

PHP –Philippines Pesos

*Previous Name*

=============

Business Entity Name Date of Change

ROBERTS RADIATOR CORP 24 October, 1996

*Company Registration *

==================

License number : AS093-3440

Date issued : 6 May, 1993

Issuing authority : Securities & Exchange Commission

Type of license : Philippine Private Corporation

Corporate Term : 50 years

*Company History*

===============

6 May, 1993 - Establishment date.

*Company Name*

==============

Incorporated as : ROBERTS RADIATOR CORP

Year of incorporation : 1993

Changed name to : ROBERTS AUTOMOTIVE & INDUSTRIAL PARTS MFG CORP

Date of change : 24 October, 1996

*Office & Facilities*

===============

Size : 10 hectare

Location : Industrial Area

Property status : Owned by Robert Cheng

Type of Building : 1 warehouse type and 6 factory building

Comments : Serves as office, factory and warehouse.

*Corporate & Organization Structure*

============================

Operated and managed by an experienced team of professionals.

*Machinery & Equipment*

====================

Machinery/ Equipment include:

- Pork lifts

- Tube rolling machines

- Core assembly machines

- Painting machines

*Vehicles*

========

Maintains 8 assorted types, each carrying subject's name.

*Auditors*

=========

JS BAJA & ASSOCIATES

*Reputation*

==========

Reference checking for the purpose of establishing the firm's reputation within the respective industry failed to reveal any negative information.

*Approved Signatures*

=================

Any of the directors can jointly sign with any of the rest on behalf of the company with seal affixed:

- Christian Marie Cheng

- Robert Cheng

www.roberts.com.ph The design is professional and the content is well organized. At present it is in English version.

E-mail: info@roberts.com.ph

For the past two years there is no record of litigation.

*Major Shareholders*

================

Shareholders' Name No of Shares

------------------------- ----------------

Wan Chuan Chan 7,500

Robert G. Cheng 6,000

Mary Grace C. Rosagas 6,000

Christian Marie C. Medina 6,000

Su Chian Fu 4,500

*Key Personnel*

============

Robert G. Cheng

Responsibility: Handles the daily business operations

Management: Ms. Christian Marie C. Medina, President

Mr. Oliver De Leon-Yap, Secretary

Ms. Mary Grace C. Rosagas, Treasurer

Name Nationality Job Description

Ms. Christian Marie C. Medina Filipino President

Mr. Oliver De Leon-Yap Filipino Secretary

Ms. Mary Grace C. Rosagas Filipino Treasurer

Mr. Rolando Ramento Filipino Vice President

*COMPANY DIRECTORS*

====================

1

Name : Ms. Christian Marie C. Medina

Sex : F

2

Name : Mr. Oliver De Leon-Yap

Sex : M

3

Name : Ms. Mary Grace C. Rosagas

Sex : F

4

Name : Mr. Rolando Ramento

Sex : M

5

Name : Mr. Su Chian Fu

Nationality : Taiwanese

*Main Products & Services*

=====================

Serves as a manufacturer, distributors, exporters, wholesaler and retailer of radiators, leaf springs and stamped metal parts.

Carries the following brands:

- Evercool

- Tiger

Products: Automotive engine parts

Automotive parts

Automotive parts & accessories

Leaf springs

Metal stamped parts

*Payment Terms*

=============

Sales

------

Local : Cash or credit

Export : Letter of Credit (L/C)

Purchases

--------------

Local : 30 days credit

Brand Roberts

*Production Capacity*

==================

Item Maximum Capacity (per month)

------- ----------------------------------------

Radiators 7,000

Leaf springs 3,500

*Domestic Raw Materials Suppliers*

==========================

Major local suppliers include:

(1)

Supplier's name : CHEMETALL PHILS CO LTD INC

Material/components : Chemicals

Credit limit : Open

Credit terms : 30 days

Recent purchase : PHP 60,000

Balance : PHP 55,000

(2)

Supplier's name : ARKAY ENERGY & INDUSTRIAL SUPPLY CORP

Material/components : Ceramic fiber blanket

Credit limit : Open

Credit terms : 30 days

Purchases : PHP 30,000 (Average)

(3)

Supplier's name : DE LUXE ELECTRICAL & HARDWARE SUPPLY

Material/components : Electrical, Hardware, Generator, Electric fan

Credit limit : Open

Credit terms : 30 days

*Local Distribution Network*

======================

Parts of the annual turnover is attributed to local sales.

*Export Markets*

=============

Parts of the annual turnover are attributed to export.

*International Exhibition Participation*

============================

Exhibition fair : TAIPEI AMPA - Taipei Int'l Auto/Motorcycle Parts & Accessories Show

Date attended : 12 April, 2010 - 15 April, 2010

Location : Taipei World Trade Center (TWTC) Taiwan

Booth no. : L830

SC is not known to have any subsidiary at present.

PAYMENT RATING : 3 OBTAINED SCORES : 65

Rating Key	Implication	Implications
1	Scores 85–100	Excellent
2	Scores 75 – 84	Above Average
3	Scores 50 – 74	Average
4	Scores 35 – 49	Fair
5	Scores 15 – 34	Below Average
6	Scores 01 – 14	Poor
NR	No Data	No Data

The rating indicates the payment pattern of SC based upon our Payment Database, comments from suppliers of SC, information from banks (if available), as well as industrial sources.

Dealings on open terms may be possible for MODERATE amounts depending on individual judgement experience.

SC’s financial details are not available at present.

*Bank Details*

===========

Bank name : METROPOLITAN BANK & TRUST CO

Branch : Head Office

(1)

Credit lines : Letter of credit & trust receipt lines

Credit limit : PHP 150,000,000

Securities : Joint & several signatures of principals

Date granted : 24 December, 2000

Expiry date : 24 December, 2001

Balance : N/A

(2)

Credit lines : Bills purchase line

Credit limit : PHP 20,000,000

Securities : Joint & several signatures of principals

Date granted : 24 December, 2000

Expiry date : 24 December, 2001

Balance : N/A

SC is considered large-sized in its line with an acceptable base to come into credit dealings of moderate amount.

Attached: trade references

SIC PRODUCT CLASSIFICATION & ACTIVITY

Activity Code Product/Service Description

Exporting 3714 Motor vehicle parts and accessories,

Manufacturing 3714 Motor vehicle parts and accessories,

Manufacturing 3751 Motorcycles, bicycles, and parts,

Trading 3714 Motor vehicle parts and accessories,

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Activity Code Product/Service Description

Exporting 7320100000 Leaf springs and leaves therefore, of iron or steel

Exporting 7322 Radiators, air heaters etc, nonel & parts, iron & steel

Exporting 8708 Parts & access for motor vehicles (head 8701-8705

Manufacturing 7320100000 Leaf springs and leaves therefore, of iron or steel

Manufacturing 7320100015 Leaf springs having individual leaves with a thickness of 1.6 mm or more and leaves therefore, of iron or steel wire

Manufacturing 7320106060 Leaf springs, suitable for motor vehicle suspension, other, of iron or steel

Manufacturing 7322 Radiators, air heaters etc, nonel & parts, iron & steel

Manufacturing 8412 Engines and motors, and parts thereof

Manufacturing 8708 Parts & access for motor vehicles (head 8701-8705

Manufacturing 8708290010 Stampings of bodies (including cabs) and parts thereof for vehicles other than work trucks, tanks, and motorcycles

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Activity Product/Service Description

Manufacturer Radiators

Manufacturer Automotive parts & accessories

Manufacturer Automotive parts

Manufacturer Automotive engine parts

Manufacturer Metal stamped parts

Trader Leaf springs

Trader Metal stamped parts

Trader Radiators

INTERNATIONAL TRADE: ACTIVITY & MARKETS

Country / Region Main Trading Activity

Asia / Pacific Exporting

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.21
UK Pound	1	Rs.72.55
Euro	1	Rs.62.43

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.