MIRA INFORM REPORT

Report Date :

05.05.2011

IDENTIFICATION DETAILS

Name :	PALAK TRADING CO PTY LTD

Registered Office :	1/606 Sherwood Road Sherwood, Queensland 4075

Country :	Australia

Date of Incorporation :	07.01.1998

Legal Form :	Proprietary Company

Line of Business :	import and distribution of jewellery

RATING & COMMENTS

MIRA’s Rating :

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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Australia

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

REGISTERED NAME

PALAK TRADING CO PTY LTD

ACN: 081 211 118

ABN: 93 081 211 118

CORPORATE SEARCH

Incorporation Date: 07 Jan 1998

Incorporation State: Queensland

Registered Office

1/606 SHERWOOD Road SHERWOOD, Queensland 4075 Australia

Number of Shares Issued: 2

Paid Capital: 2

Shareholders

Shareholder Name: EKTA BOTHRA

Number of Shares: 1

Shareholder Name: PARESH HERENDRA BOTHRA

Number of Shares: 1

Current Directors

Director Name: BOTHRA, PARESH HERENDRA

Appointment Date: 07 Jan 1998

Date of Birth: 05 Sep 1967

Gender: Male

Address: 2905/148 ELIZABETH Street SYDNEY, New South Wales 2000 Australia

Secretary

Secretary Name: PARESH HERENDRA BOTHRA

Appointment Date: 09 Jun 1998

BUSINESS STRUCTURE

TRADING ADDRESS 2905, 148 Elizabeth St

SYDNEY, NSW 2000

TELEPHONE (612) 9261 8958

MOBILE 0419 774 858

BANK Not determined

EMPLOYEES Not determined

BACKGROUND

The subject was incorporated in Queensland on 7 January 1998 under the current style.

OPERATIONS

The subject is believed to operate in the import and distribution of jewellery.

Activities are conducted from premises located at the above listed trading address.

ADVERSE

A search of failed to trace any adverse findings listed against the subject at that date.

FINANCES

The subject is not required to lodge financial statements with the Australian Securities and Investments Commission.

During the current interview conducted with Director Paresh Bothra, he declined to confirm or provide any details pertaining to the subject for the current enquiry.

As a result, details pertaining to the subjects operating trading or financial position were unable to be obtained for the current enquiry.

TRADE SURVEY

Details pertaining to the subjects suppliers were not provided for the current enquiry.

A trade survey on the subject was subsequently unable to be conducted.

SUMMARY

The subject was incorporated in Queensland on 7 January 1998 under the current style.

Details pertaining to the subjects operating trading or financial position were unable to be obtained for the current enquiry.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.59
UK Pound	1	Rs.73.42
Euro	1	Rs.66.04

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.