MIRA INFORM REPORT

Report Date :

17.10.2011

IDENTIFICATION DETAILS

Name :	OSMAN SILK HOUSE PTE. LTD.

Registered Office :	104 Arab Street Singapore 199800

Country :	Singapore

Date of Incorporation :	13.06.2003

Com. Reg. No.:	200305488W

Legal Form :	Limited Exempt Private Company

Line of Business :	Textile Wholesaling

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 – 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:	Osman Silk House Pte. Ltd.
Supplied Name:	Osman Silk House Pte Ltd.
Supplied Address:	104, Arab Street, Singapore 199800

Notes: Subject’s exact name is as above.

Credit Summary

Credit Opinion:

Since we did not find subject, In view of the absence of information about subject’s financial status, caution should be exercised.

Special Notes

We tried to contact subject according to supplied phone number +65-26983055, the number does not exist and we did not find any other valid contact or operation information of subject from public files according to the supplied name or address, either.

We supplied subject’s principal activities registered in Subject’s registration files as follows for reference.

46411--Textile Wholesaling

47510--Textile Retailing

Up to the date of reporting, we failed to get in touch with subject, if you kindly supply other contact, we’d like to continue our investigation.

We found subject’s registration information from local registry, supplying as follows for reference.

Company Identification Details

Registered Name:	Osman Silk House Pte. Ltd.
Registered Address:	104 Arab Street Singapore 199800
Date of Registration::	2003-6-13
Registered Number:	200305488W
Country of Incorporation:	Singapore
Registered Capital:	SGD 100,002 (USD 78,202) (As of 2011.10, 1 SGD = 0.782 USD)
Paid-up Capital:	SGD 100,002 (USD 78,202) = 100,002 Shares@1 SGD
Legal Form:	Limited Exempt Private Company
Principal Activities:	46411--Textile Wholesaling 47510--Textile Retailing
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2011-7-28

Notes: The staff information is not available from subject or other sources.

History

Subject was incorporated on 2003-6-13 with registered number 200305488W as Limited Exempt Private Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Haroon Rashid B Osman	45,001	45%
Mohamed Anis Bin H R Osmanbhoy	15,001	15%
Kulsam Haroon Rashid Wee Kulsam Binti Ahmed	40,000	40%
Total	100,002	100%

Major Shareholder Information:

1
Name:	Haroon Rashid B Osman
ID Number:	S0654859H
Address:	221 Pasir Ris Street 21 #05-112 Singapore 510221
2
Name:	Mohamed Anis Bin H R Osmanbhoy
ID Number:	S1718300A
Address:	221 Pasir Ris Street 21 #05-112 Singapore 510221
3
Name:	Kulsam Haroon Rashid Wee Kulsam Binti Ahmed
ID Number:	S2075939I
Address:	221 Pasir Ris Street 21 #05-112 Frankel Estate Singapore 510221

Subsidiaries & Branches

Subject did not introduce whether it has any subsidiaries or branches, from other source we can not obtain the relevant information, either.

Management Information

Core Management

Detailed Information of Management:

1
Name:	Haroon Rashid B Osman
Position:	Director
ID Number:	S0654859H
Address:	221 Pasir Ris Street 21 #05-112 Singapore 510221
Nationality:	Singapore Citizen
Date of Appointment:	2003-6-13
2
Name:	Mohamed Anis Bin H R Osmanbhoy
Position:	Director
ID Number:	S1718300A
Address:	221 Pasir Ris Street 21 #05-112 Singapore 510221
Nationality:	Singapore Citizen
Date of Appointment:	2003-6-13
3
Name:	Zarinah Bte Abdullah
Position:	Secretary
ID Number:	S1816939H
Address:	221 Pasir Ris Street 21 #05-112 Singapore 510221
Nationality:	Singapore Citizen
Date of Appointment:	2009-6-18

Operation Information

We can not confirm subject’s operation details, and we supplied subject’s principal activities registered in Subject’s registration files as follows for reference.

46411--Textile Wholesaling

47510--Textile Retailing

Settlements

The settlement information is not available from subject or other sources.

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 financial information to the local registry, and the only source from which we can obtain the information is the subject itself.

Since we did not find subject, thus the financials are not disclosed.

Bankers

We can not confirm whether subject’s banker is United Overseas Bank Ltd. located at 1 Tampiness Central No. 02-01, UOB Tampiness Singapore.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.07
UK Pound	1	Rs.77.42
Euro	1	Rs.67.72

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%)

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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.