MIRA INFORM REPORT

Report Date :

16.11.2011

IDENTIFICATION DETAILS

Name :	LOGSOM TRADING (S) PTE. LTD.

Registered Office :	63 Robinson Road, #06-18, Afro-Asia Building Singapore 068894

Country :	Singapore

Date of Incorporation :	21.05.2007

Com. Reg. No.:	200708938K

Legal Form :	Private Limited Liability Company

Line of Business :	--

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Poor

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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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:	Logsom Trading (S) Pte. Ltd.
Supplied Name:	Logsom Trading (S) Pte Ltd.
Supplied Address:	63 Robinson Road, #06-18, Afro - Asia Building, Singapore 068894

Special Notes

We did not find any other contact information of subject according to the supplied name, and the supplied address is not complete. From public files, we found that subject was an exporter and importer of coal, mineral, etc, while the operation information is not confirmed by subject.

Up to the date of reporting, we did not get contact with subject, if you kindly supply contact information of subject, we’d like to continue our investigation.

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

Company Identification Details

Registered Name:	Logsom Trading (S) Pte. Ltd.
Registered Address:	63 ROBINSON ROAD, #06-18, AFRO-ASIA BUILDING Singapore 068894
Date of Registration::	2007-5-21
Registered Number:	200708938K
Country of Incorporation:	Singapore
Registered Capital:	SGD 250,000.00 (USD 196,747.50) (As of 2011.11, 1 SGD = 0.78699 USD) USD 300,000.00
Paid-up Capital:	SGD 250,000.00 (USD 196,747.50) = 250,000 Shares@1 SGD USD 300,000.00= 300,000 Shares@1 USD
Legal Form:	Private Limited Liability Company
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2011-6-27

History

Subject was incorporated on 2007-5-21 with registered number 200708938K as Private Limited Liability Company in Singapore.

Shareholders

Name	Subscription Shares
Somasegaran S/O K Ponnampalam	249,950 Shares@1 SGD 300,000 Shares@1 SGD
Paramesweri Somasegaran	50 Shares@1 SGD
Total	250,000 Shares@1 SGD 300,000 Shares@1 USD

Major Shareholder Information:

1
Name:	Somasegaran S/O K Ponnampalam
ID Number:	S0058446J
Address:	18c Jalan Paras Yong Seng Estate Singapore, 418873
2
Name:	Paramesweri Somasegaran
ID Number:	S1101777J
Address:	18c Jalan Paras Yong Seng Estate Singapore, 418873

Management Information

Core Management

Detailed Information of Management:

1
Name:	Somasegaran S/O K Ponnampalam
Position:	Director
ID Number:	S0058446J
Address:	18c Jalan Paras, Yong Seng Estate Singapore 418873
Nationality:	Singapore Citizen
Date of Appointment:	2007-5-21
2
Name:	Paramesweri Somasegaran
Position:	Director
ID Number:	S1101777J
Address:	18c Jalan Paras, Yong Seng Estate Singapore 418873
Nationality:	Singapore Citizen
Date of Appointment:	2007-5-21
3
Name:	Sumathi d/o. Vallatharasu
Position:	Secretary
ID Number:	S6977044D
Address:	97 Belimbing Avenue, Oasis @ Mulberry Singapore 347488
Nationality:	Singapore P.R.
Date of Appointment:	2010-6-24

Financial Information

The subject has no obligations to supply 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 itself.

Since we did not find subject, the financial information of subject is not available.

Auditors

Name:

T Ravi & Co.

Public

Charges

Charge Number:	C200906808
Date of Registration:	2009-10-24
Name:	Indian Bank
Amount Secured:	All Monies

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.56
UK Pound	1	Rs.80.30
Euro	1	Rs.68.79

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.