MIRA INFORM REPORT

Report Date :

25.10.2011

IDENTIFICATION DETAILS

Name :	FU YUAN ENTERPRISE PTE LTD

Registered Office :	5 Pioneer Sector 2, Singapore 628367

Country :	Singapore

Date of Incorporation :	23.05.1980

Com. Reg. No.:	198001679H

Legal Form :	Private Limited Liability Company

Line of Business :	Trading of chemical products.

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 300,000

Status :	Satisfactory

Payment Behaviour :	No Complaints

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:	Fu Yuan Enterprise Pte Ltd
Supplied Name:	FU Yuan Enterprise Pte Ltd.
Trading Address:	5 Pioneer Sector 2, Singapore 628367
Supplied Address:	No. 5 Pioneer Sector 2, Singapore 628367
Telephone Number:	+65-6863-3788
Fax Number:	+65-6863-4288
E-mail:	cjteng@fuyuanww.com.sg

Note:

The exact name and address are as above.

Credit Summary

Credit Rating:	Maximum credit USD 300,000
Credit Opinion:	Business connections are permissible.

Company Identification Details

Registered Name:	Fu Yuan Enterprise Pte Ltd
Registered Address:	5 Pioneer Sector 2, Singapore 628367
Date of Registration::	1980-5-23
Registered Number:	198001679H
Country of Incorporation:	Singapore
Paid-up Capital:	SGD 1,575,003.00 (USD1,236,660) = 1,575,003 Shares@1 SGD (As of 2011.10, 1 SGD = 0.78518 USD)
Legal Form:	Private Limited Liability Company
Principal Activities:	Trading of chemical products.
Staff:	About 200 Employees
Status:	Live Company
Listed at Stock Exchange:	No.
Date of Last Annual Return:	2011-8-12

History

Subject was incorporated on 1980-5-23 with registered number 198001679H as Private Limited Liability Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
LOW SER TEE STEPHEN	75,000	4.76
PEH SIEW CHENG	480,000	30.48
TENG CHEN JIUNG	420,000	26.67
TENG CHEN JI (DENG CHENJI)	300,003	19.05
TENG CHEN SHUN (DENG CHENSHUN)	300,000	19.05
Total	1,575,003	=100

Major Shareholder Information:

1
Name:	LOW SER TEE STEPHEN
ID Number:	S0188823D
Address:	45 Jalan Arif Henley Gardens Singapore, 545101
Nationality:	Singapore Citizen
2
Name:	PEH SIEW CHENG
ID Number:	S1195704H
Address:	33 Siglap View Frankel Estate Singapore,455796
Nationality:	Singapore Citizen
3
Name:	TENG CHEN JIUNG
ID Number:	S2197959G
Address:	33 Siglap View Frankel Estate Singapore 455796
Nationality:	Singapore Citizen
4
Name:	TENG CHEN JI (DENG CHENJI)
ID Number:	S8115934C
Address:	33 Siglap View Frankel Estate Singapore 455796
Nationality:	Singapore Citizen
5
Name:	TENG CHEN SHUN (DENG CHENSHUN)
ID Number:	S8414425H
Address:	33 Siglap View Frankel Estate Singapore 455796
Nationality:	Singapore Citizen

Subsidiaries & Branches

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

Manage Information

Core Management

Detailed Information of Management:

1
Name:	LOW SER TEE STEPHEN
Position:	Director
ID Number:	S0188823D
Address:	45 Jalan Arif Henley Gardens Singapore 545101
Nationality:	Singapore Citizen
Date of Appointment:	1992-7-21
2
Name:	TENG CHEN JIUNG
Position:	Director
ID Number:	S2197959G
Address:	33 SIGLAP VIEW, FRANKEL ESTATE Singapore 455796
Nationality:	Singapore Citizen
Date of Appointment:	01-07-1988-7-1
3
Name:	TAN LAY CHOON
Position:	Secretary
ID Number:	S6910739G
Address:	7 Serangoon Avenue 2 #10-17 Sunglade Singapore 556133
Nationality:	Singapore Citizen
Date of Appointment:	2007-5-9
4
Name:	TENG CHEN JI (DENG CHENJI)
Position:	Director
ID Number:	S8115934C
Address:	33 Siglap View Frankel Estate Singapore 455796
Nationality:	Singapore Citizen

Personnel Structure

Total Employees

About 200 Employees

Operation Information

Offices & Factories

	Office
Address:	5 Pioneer Sector 2, Singapore 628367

Production Information

l Subject is a trader of chemical products with some production activities

Purchase

l Subject introduced that they purchase the finished products from all over the world.

l And subject also purchases the components and raw material to manufacture the certain products, but it didn’t disclose what the certain products are.

Sales Information

l Subject is mainly involved in chemical distribution and related service.

l Subject disclosed some major partners, such as Akzo Nobel Chemicals, Benda Lutz, Mitsubishi Rayon, Nan Ya, Perstop, Troy, Wacker Chemie AG, etc.

l Subject stated that, it also has application laboratories and R&D centers in Taiwan, Singapore, Malaysia and Tianjing to assist its suppliers and customers.

Settlements

Subject declined to disclose any information about the settlement information, and from other sources, we couldn’t obtain the information, either.

Financial Information

The latest financial information is not available from the subject or other sources.

Bankers

The bankers’ information is not available from the subject or other sources.

Auditors

Name:

LIEW KEOW SENG PUBLIC ACCOUNTING CORPORATION

Interview Details

Name:

Mr. Lee

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.87
UK Pound	1	Rs.79.73
Euro	1	Rs.69.53

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.