MIRA INFORM REPORT

Report Date :

13.05.2011

IDENTIFICATION DETAILS

Name :	PROA PARTNERS PTE. LTD.

Registered Office :	1 Scotts Road #22-04/05 Shaw Centre Singapore 228208

Country :	Singapore

Date of Incorporation :	10.05.2010

Com. Reg. No.:	201010022H

Legal Form :	Limited Exempt Private Company

Line of Business :	Fund Management Advisory

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New Company

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)

Singapore

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

Contact Points

Company Name:	Proa Partners Pte. Ltd.
Supplied Name:	Proa Partners Pte Ltd.
Supplied Address:	1 Scotts Rd., 22-04/05 Shaw Centre Singapore -228028, Singapore

Credit Summary

Credit Rating:	N/A
Credit Opinion:	Since we did not find subject, in view of the absence of information about subject’s operation, caution should be exercised.

Special Notes

We did not find any operation information or contact information of subject from public files according to the supplied name or address.

Registration files show subject’s principal activities as follows

Principal Activities

66309

Fund Management Advisory

Since we did not find subject, the information is not confirmed and only for reference.

We found the registration information of subject from local registry, supplying as follows for reference.

Company Identification Details

Registered Name:	Proa Partners Pte. Ltd.
Registered Address:	1 Scotts Road #22-04/05 Shaw Centre Singapore 228208
Date of Registration::	2010-5-10
Registered Number:	201010022H
Country of Incorporation:	Singapore
Registered Capital:	SGD 250,000 (USD 203,400) (As of 2011.05, 1 SGD = 0.8136 USD)
Paid-up Capital:	SGD 250,000 (USD 203,400) = 250,000 Shares@1 SGD
Legal Form:	Limited Exempt Private Company
Principal Activities:	66309-- Fund Management Advisory
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No

History

Subject was incorporated on 2010-5-10 with registered number 201010022H as Limited Exempt Private Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Jean-Louis Francois Morisot	50,000	20%
Frances Therese Paulino Dydasco	200,000	80%
Total	250,000	100%

Major Shareholder Information:

1
Name:	Jean-Louis Francois Morisot
ID Number:	S2718558D
Address:	26 Blair Road Singapore 089926
2
Name:	Frances Therese Paulino Dydasco
ID Number:	S2723583B
Address:	85 Chestnut Drive Green Hill Estate Singapore 679315

Subsidiaries & Branches

We can not confirm whether subject has any subsidiaries or branches.

Manage Information

Core Management

Detailed Information of Management:

1
Name:	Jean-Louis Francois Morisot
Position:	Director
ID Number:	S2718558D
Address:	26 Blair Road Singapore 089926
Nationality:	Singapore P.R.
Date of Appointment:	2010-5-10
2
Name:	Frances Therese Paulino Dydasco
Position:	Director
ID Number:	S2723583B
Address:	85 Chestnut Drive Green Hill EstatE Singapore 679315
Nationality:	Singapore P.R.
Date of Appointment:	2010-8-3
3
Name:	Tan Lay Hong
Position:	Secretary
ID Number:	S1592913H
Address:	74 Tanah Merah Kechil Avenue #10-46 Casa Merah Singapore 465536
Nationality:	Singapore Citizen
Date of Appointment:	2010-7-1

Operation Information

Principal Activities

66309

Fund Management Advisory

Since we did not get in touch with subject, thus subject’s actual operation information is not available.

Financial Information

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore and the only source from which we can obtain the information is the subject it self.

Since we did not get in touch with subject, the information is not available.

Bankers

The banker information is not available from subject or other source.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.79
UK Pound	1	Rs.73.19
Euro	1	Rs.63.59

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.