MIRA INFORM REPORT

Report Date :

03.08.2011

IDENTIFICATION DETAILS

Name :	EXPORT TRADING COMMODITIES PTE. LTD.

Registered Office :	20 Cecil Street #14-01 Equity Plaza Singapore 049705

Country :	Singapore

Date of Incorporation :	04.05.2010

Com. Reg. No.:	201009524M

Legal Form :	Private Limited Liability Company

Line of Business :	Trading & Distribution Of Agricultural Commodities

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New Company

Payment Behaviour :	Unknown

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

Bottom of Form

Contact Points

Company Name:	Export Trading Commodities Pte. Ltd.
Supplied Name:	Export Trading Commodities Pte Ltd.
Trading Address:	One Raffles Place, #44-01a, Oub Centre, Singapore - 048616,Singapore
Supplied Address:	Reg. No. 201009524M, SG
Telephone Number:	+65 65 36 8400
Fax Number:	+65 36 4470

Notes: Subject’s registered name and contact information are as above.

Credit Summary

Credit Opinion:

In view of the absence of information about subject’s status, caution should be exercised.

Special Notes

We can not confirm subject’s information at present. And we will update the report as soon as possible.

We found subject’s registration information as follows for reference.

Company Identification Details

Registered Name:	Export Trading Commodities Pte. Ltd.
Registered Address:	20 Cecil Street #14-01 Equity Plaza Singapore 049705, Singapore
Date of Registration::	2010-5-4
Registered Number:	201009524M
Country of Incorporation:	Singapore
Registered Capital:	SGD 1,000,000.00 (USD 830,420 ) (As of 2011.08, 1 SGD = 0.83042 USD)
Paid-up Capital:	SGD1,000,000.00 (USD830,420) = 1,000,000 Shares@1 SGD
Legal Form:	Private Limited Liability Company
Principal Activities:	46900 Trading & Distribution Of Agricultural Commodities
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	N/A

Note:

The staff number is not available at present.

History

Subject was incorporated on 2010-5-4 with registered number 201009524M as Private Limited Liability Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
ETC GROUP	1,000,000	100%
Total	1,000,000	100%

Major Shareholder Information:

Name:	ETC GROUP
ID Number:	T10UF1760H
Address:	St. Louis Business Centre, Cnr Desroches & St. Louis Streets, Port Louis, Mauritius

Subsidiaries & Branches

We can not confirm whether subject has any subsodiaries or branches.

Manage Information

Core Management

Detailed Information of Management:

1
Name:	MAHESHKUMAR RAOJIBHAI PATEL
Position:	Director
ID Number:	AB312563
Address:	Plot No. 1505, Msasani Peninsula, Msasani Kinondoni, Dar Es Salaam, Tanzania
Nationality:	Tanzanian
Date of Appointment:	2010-5-4
2
Name:	PRADIPIKUMAR RAOJIBHAI PATEL
Position:	Director
ID Number:	C001426
Address:	Galana Road, Lr No.2/624, Kilimani Area, Nairoby, Kenya
Nationality:	Kenyan
3
Name:	KETANKUMAR VINUBHAI PATEL
Position:	Director
ID Number:	G5076425M
Address:	1 Raffles Place #44-01a One Raffles Place Singapore 048616
Nationality:	British
Date of Appointment:	2010-5-4
4
Name:	LIM SOH SEA
Position:	Secretary
ID Number:	S7077960I
Address:	101A Lorong 2 Toa Payoh #08-07 Singapore 310101
Nationality:	Singapore Citizen
Date of Appointment:	2010-5-4
5
Name:	AZMAN BIN ABDULLAH
Position:	Secretary
ID Number:	S7321299E
Address:	407 Jurong West Street 42 #02-643 Singapore 640407
Nationality:	Singapore Citizen
Date of Appointment:	2010-5-4

Operation Information

Offices & Factories

We can not confirm subject’s trading address at present

Purchase Information

l The major registered activities of subject:

Business Code	Details
46900	Trading & Distribution Of Agricultural Commodities

At present we can not confirm subject’s operation information and we gave the information above obtained from local registry for reference.

Financial Information

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

We can not obtain the financials at present and we will update the report as soon as possible.

Auditors

Name:

KPMG LLP

Public

Charges

Charge 1
Charge Number:	C201105023
Date of Registration:	21-04-2011
Name:	FBN BANK (UK) LTD
Amount Secured:	All Monies
Charge 2
Charge Number:	C201105037
Date of Registration:	21-04-2011
Name:	FBN BANK (UK) LTD
Amount Secured:	All Monies
Charge 3
Charge Number:	C201105046
Date of Registration:	21-04-2011
Name:	FBN BANK (UK) LTD
Amount Secured:	All Monies
Charge 4
Charge Number:	C201105048
Date of Registration:	21-04-2011
Name:	FBN BANK (UK) LTD
Amount Secured:	All Monies
Charge 5
Charge Number:	C201105052
Date of Registration:	21-04-2011
Name:	FBN BANK (UK) LTD
Amount Secured:	All Monies

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.23
UK Pound	1	Rs.72.09
Euro	1	Rs.62.99

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.