MIRA INFORM REPORT

Report Date :

13.10.2011

IDENTIFICATION DETAILS

Name :	NOBLE RESOURCES INTERNATIONAL PTE. LTD.

Registered Office :	60 Anson Road, #19-01 Mapletree Anson, Singapore 079914.

Country :	Singapore

Date of Incorporation :	29.06.2011

Com. Reg. No.:	201115304n

Legal Form :	Private Limited Company

Line of Business :	Subject Engaged in the Trading and Management of Commodities.

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 :	New Company

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 – September 30^th, 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:	Noble Resources International Pte. Ltd.
Supplied Name:	Noble Resources International Pte Ltd.
Trading Address:	60 ANSON ROAD, #19-01 MAPLETREE ANSON, Singapore 079914.
Supplied Address:	Tanjong Pagar Post Office, P O Box 240 , SG
Telephone Number:	+65 6305-4888
Fax Number:	+65 6305-4889

Notes:

The correct address is shown as above.

Credit Summary

Credit Opinion:

Since the subject is a newly established company, the future development remains to be seen. At this stage credits require securities.

Company Identification Details

Registered Name:	NOBLE RESOURCES INTERNATIONAL PTE. LTD.
Registered Address:	60 ANSON ROAD, #19-01 MAPLETREE ANSON, Singapore 079914.
Date of Registration::	2011-6-29
Registered Number:	201115304N
Country of Incorporation:	Singapore
Registered Capital:	SGD 5,436,950 (USD 4,245,930 ) (As of 2011.10, 1 SGD = 0.78094 USD)
Paid-up Capital:	SGD 5,436,950 (USD 4,245,930 ) =5,436,950 Shares@1 SGD
Legal Form:	Private Limited Company
Principal Activities:	The subject engaged in the trading and management of commodities.
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No

Notes:

Subject did not introduce its staff number; from other source we can not obtain the relevant information, either.

History

Subject was incorporated on 2011-6-29 with registered number 201115304N as Limited Private Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
NOBLE RESOURCES GROUP LIMITED	5,436,950	100%
Total	5,436,950	100%

Major Shareholder Information:

Name:	NOBLE RESOURCES GROUP LIMITED
Registered Number:	T03UF0001C
Address:	P.O. BOX 957, OFFSHORE INCORPORATIONS CENTRE ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLANDS.

Management Information

Core Management

Detailed Information of Management:

1
Name:	WILLIAM JAMES RANDALL
Position:	Director
ID Number:	G5933539T
Address:	8 ROCHALIE DRIVE, Singapore 248239.
Nationality:	Australian
Date of Appointment:	2011-8-17
2
Name:	NEIL TIMOTHY DHAR
Position:	Director
ID Number:	G6385595U
Address:	6 DRAYCOTT PARK, #03-03 DRAYCOTT EIGHT Singapore 259403.
Nationality:	Australian
Date of Appointment:	2011-8-17
3
Name:	CHIA LUANG CHEW HAZEL
Position:	Secretary
ID Number:	S1407126A
Address:	729 CLEMENTI WEST STREET 2, #10-354 Singapore 120729.
Nationality:	SINGAPORE CITIZEN
Date of Appointment:	2011-8-17
4
Name:	ASRANI MAHESH MANOHARLAL
Position:	Director
ID Number:	S2725737B
Address:	160 SIXTH AVENUE, #03-03 SIXTH AVENUE RESIDENCES, THE, Singapore 276537.
Nationality:	Singapore Citizen
Date of Appointment:	2011-8-17

Operation Information

Offices & Factories

	Office
Address:	60 ANSON ROAD, #19-01 MAPLETREE ANSON, Singapore 079914.

Operation Information

The subject has an apartment of Investment in Singapore, but the subject also engaged in the trading and management of commodities and it is a leading global supply chain manager of agricultural, industrial and energy products. The address of selling goods is in Hong Kong.

Financial Information

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

Subject’s relevant staff declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.

Bankers

Subject did not introduce its bank details; from other source we cannot obtain the relevant information, either.

Auditors

Name:

ERNST & YOUNG LLP

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.24
UK Pound	1	Rs.76.80
Euro	1	Rs.67.17

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 workinga 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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.