MIRA INFORM REPORT

Report Date :

10.10.2011

IDENTIFICATION DETAILS

Name :	WOODPARK FURNITURE CO PTE LTD

Registered Office :	70 Ubi Crescent, #01-09, Singapore 408570

Country :	Singapore

Date of Incorporation :	05.02.1987

Com. Reg. No.:	198700299E

Legal Form :	Private Limited Liability Company

Line of Business :	---

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Undetermined

Payment Behaviour :	---

Litigation :	---

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

Contact Points

Company Name:	Woodpark Furniture Co Pte Ltd
Supplied Name:	Woodpark Furniture Co Pte Ltd.
Supplied Address:	70 Ubi Crescent, Ubi Techpark, Singapore

Credit Summary

Credit Rating:	N/A
Credit Opinion:	Since we did not get contact with subject, subject’s operation information is not confirmed, thus we did not give the credit rating at this stage.

Special Notes

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

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:	Woodpark Furniture Co Pte Ltd
Registered Address:	70 Ubi Crescent, #01-09, Singapore 408570
Date of Registration::	1987-02-05
Registered Number:	198700299E
Country of Incorporation:	Singapore
Paid-up Capital:	SGD 1,500,000.00 (USD 1,155,630.00) (As of 2011.10, 1 SGD = 0.77042 USD)
Legal Form:	Private Limited Liability Company
Staff:	4 employees
Status:	Live Company
Listed at Stock Exchange:	No

Notes: We obtain the staff number of subject from public files which is not confirmed by subject.

History

Subject was incorporated on 1987-02-05 with registered number 198700299E as Private Limited Liability Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Chuang Pi-Lung	180,000	12%
Tung Fu-Chu	120,000	8%
Lie Willy	180,000	12%
Chiang Jen-Fung @ Arthur Chiang	975,000	65%
Chiang Ning	45,000	3%
Total	1,500,000	100%

1
Name:	Chuang Pi-Lung
Value:	SGD 180,000
UEN No	300398880
Address:	NO 71 Lane 520 Section 1 Sheng-Lin Road Ta- Ya Shiang Tai Chung Taiwan R.O.C.
Nationality:	Taiwanese
2
Name:	Tung Fu-Chu
Value:	SGD 120,000
UEN No	301956386
Address:	No 15 Chan Shan Da Chuang Village Shi Chou Chang Hwa Hsien Taiwan
Nationality:	Taiwanese
3
Name:	Lie Willy
Value:	SGD 180,000
UEN No	P720900
Address:	JL Data Mas Blok A2/11 RT001/ RW012 Kelurahan Jelambar Baru Jakarta Barat
Nationality:	Indonesian
4
Name:	Chiang Jen-Fung @ Arthur Chiang
Value:	SGD 97,5000
UEN No	S2623948F
Address:	15 Ang Mo Kio Avenue 9 #05-03 FAR HORIZON GARDEN Singapore 569765
Nationality:	Singapore Citizen
5
Name:	Chiang Ning
Value:	SGD 45,000
UEN No	S8371158B
Address:	15 Ang Mo Kio Avenue 9 #05-03 FAR HORIZON GARDEN Singapore 569765
Nationality:	Singapore Citizen

Management Information

Core Management

Detailed Information of Management:

1
Name:	Lie Willy
Position:	Director
ID Number:	P720900
Address:	JL Data Mas Blok A2/11 Rt001/ Rw012 Kelurahan Jelambar Baru Jakarta Barat
Nationality:	Indonesian
Date of Appointment:	2001-11-22
2
Name:	Oh Ai Choo
Position:	secretary
ID Number:	S1602433C
Address:	499 Yio Chu Kang Road, #11-03, Asons Park Singapore 787082
Nationality:	Singapore Citizen
Date of Appointment:	07-02-2007
3
Name:	Chiang Jen-Fung @ Arthur Chiang
Position:	Director
ID Number:	S2623948F
Address:	15 Ang Mo Kio Avenue 9, #05-03, Far Horizon Garden Singapore 569765
Nationality:	Singapore Citizen
Date of Appointment:	20-06-1990
4
Name:	Chiang Jen-Fung @ Arthur Chiang
Position:	Managing Director
ID Number:	S2623948F
Address:	15 Ang Mo Kio Avenue 9 #05-03, Far Horizon Garden Singapore 569765
Nationality:	Singapore Citizen
Date of Appointment:	20-06-1990

Financial Information

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore, subject did not submit the latest information to the local registry, and the only source from which we can obtain the information is the subject itself.

Since we didn’t find the subject, the information is not available.

Bankers

No information was found.

Auditors

Name:

Rsm Chio Lim Llp

Public

Charges

Charge 1
Charge Number:	C200402936
Date of Registration:	2004-06-18
Name:	Oversea-Chinese Banking Corporation Limited
Amount Secured:	All Monies
Charge 2
Charge Number:	C200603824
Date of Registration:	14-06-2006
Name:	Oversea-Chinese Banking Corporation Limited
Amount Secured:	All Monies

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.14
UK Pound	1	Rs.75.97
Euro	1	Rs.65.99

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.