MIRA INFORM REPORT

Report Date :

25.10.2011

IDENTIFICATION DETAILS

Name :	STYLEMART BRIDAL COLLECTION PTE LTD

Registered Office :	151 Selegie Road, Singapore 188315, Singapore.

Country :	Singapore

Date of Incorporation :	08.04.1999

Com. Reg. No.:	199901720Z

Legal Form :	Private Limited Liability Company

Line of Business :	Selling the traditional Indian garments and Saree.

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 5,000

Status :	Small Company

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:	Stylemart Bridal Collection Pte Ltd
Supplied Name:	Stylemart Bridal Collection Pte Ltd.
Trading Address:	151 Selegie Road, Singapore 188315, Singapore.
Supplied Address:	149 And 151 Selegie Road, Singapore 188314
Telephone Number:	+65- 6338-2073
Fax Number:	+65- 6338-2312
E-mail:	kavita@e-stylemart.com

Notes:

The subject does not confirm the supplied address, and the subject confirmed the address of 151 Selegie Road, Singapore 188315, Singapore as the only address of the subject.

Credit Summar

Credit Rating:	Maximum credit USD 5,000
Credit Opinion:	Business connections are permissible.

Company Identification Details

Registered Name:	Stylemart Bridal Collection Pte Ltd
Registered Address:	151 Selegie Road, Singapore 188315, Singapore.
Date of Registration::	1999-04-08
Registered Number:	199901720Z
Country of Incorporation:	Singapore
Registered Capital:	SGD 90,003 (USD 70,669 ) (As of 2011.10, 1 SGD = 0.78518 USD)
Paid-up Capital:	SGD 90,003 (USD 70,669 ) = 90,003 Shares@1 SGD
Legal Form:	Private Limited Liability Company
Principal Activities:	Selling the traditional Indian garments and Saree.
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2010-12-22

Notes:

Subject declined to disclose its staff number; from other source we cannot obtain the relevant information, either.

History

Subject was incorporated on 1999-04-08 with registered number 199901720Z as Private Limited Liability Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Huri Gobindram Baxani	27,001	30%
Mageshswari D/O V Murugaiah	9,001	10%
Kavita D/O Suresh	5,4001	60%
Total	90,003	100%

Major Shareholder Information:

1
Name:	Huri Gobindram Baxani
ID Number:	S2066984E
Address:	66 Chuan Terrace Singapore 558518.
Nationality:	Singapore Citizen
2
Name:	Mageshswari D/O V Murugaiah
ID Number:	S6898083F
Address:	138 JALAN BUKIT MERAH #07-1406 Singapore 160138.
Nationality:	Singapore Citizen
3
Name:	Kavita D/O Suresh
ID Number:	S7434575A
Address:	66 CHUAN TERRACE Singapore 558518.
Nationality:	Singapore Citizen

Subsidiaries & Branches

Related Company:

1
Name:	Hana-Bana
Core Business:	Boutique Items-Retail
Address:	6 Raffles Blvd #03-266 Marina Sq Singapore 039594
Telephone:	+65 63363115
2
Name:	Yasmin
Core Business:	Boutique Items-Retail
Address:	845 Geylang Rd #02-37 Tg Katong Complex Singapore 400845
Telephone:	+65 67490667
3
Name:	Popular Garment Store
Core Business:	Boutique Items-Retail
Address:	101 Race Course Rd #01-191 Singapore 218704
Telephone:	+65 62977114
4
Name:	Impian Hawa (Tkc) Pte Ltd
Core Business:	Boutique Items-Retail
Address:	845 Geylang Rd #01-31 Tg Katong Complex Singapore 400845
Telephone:	+65 67439174
5
Name:	Ambush
Core Business:	Boutique Items-Retail
Address:	119 Devonshire Rd Singapore 239881
Telephone:	+65 67322744

Management Information

Core Management

Detailed Information of Management:

1
Name:	Huri Gobindram Baxani
Position:	Director
ID Number:	S2066984E
Address:	66 Chuan Terrace, Singapore 558518.
Nationality:	Singapore Citizen
Date of Appointment:	1999-4-8
2
Name:	Mageshswari D/O V Murugaiah
ID Number:	S6898083F
Address:	138 Jalan Bukit Merah, #07-1406 Singapore 160138.
Date of Change of Address:	Director
Nationality:	Singapore Citizen
Date of Appointment:	1999-4-8
3
Name:	Kavita D/O Suresh
Position:	Director
ID Number:	S7434575A
Address:	66 Chuan Terrace, Singapore 558518.
Nationality:	Singapore Citizen
Date of Appointment:	1999-4-8
4
Name:	Kavita D/O Suresh
Position:	Secretary
ID Number:	S7434575A
Address:	66 Chuan Terrace, Singapore 558518.
Nationality:	Singapore citizen
Date of Appointment:	2004-7-26

Operation Information

Offices & Factories

	Office
Address:	151 Selegie Road, Singapore 188315, Singapore.

Production Information

l The subject is a trader of traditional Indian garments and Saree.

Purchase

l The company purchases the finished products from India.

Sales Information

l As a trader, the company is selling traditional Indian garments and Saree to the domestic market which purchasing from India.

l Subject mainly sells products to domestic markets.

Settlements

Purchase

Domestic Markets

The subject does not purchase from the domestic market.

Oversea Markets

Products	Payment Terms	Proportion
Traditional Indian garments and Saree	CBD, etc	100%

Sales

Domestic Markets

Product:	Traditional Indian garments and Saree
Sales Terms:	COD, etc

Overseas Markets

Product:	Traditional Indian garments and Saree
Sales Terms:	CBD, etc

Financial Information

The latest information about the financial figures is not available.

Bankers

Subject declined to disclose its bank details; from other source we cannot obtain the relevant information, either.

Auditors

Name:

EDWIN LEE & CO

Public

Charges

Charge Number:	C200806412
Date of Registration:	15-07-2008
Name:	DBS BANK LTD.
Amount Secured:	All Monies

Interview Details

Name:	Ms Chen
Position:	Stylist

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.