MIRA INFORM REPORT

Report Date :

03.09.2011

IDENTIFICATION DETAILS

Name :	ENSERVE CO LTD

Registered Office :	Yurakucho Bldg 208, 1-10-1 Yurakucho Chiyodaku Tokyo 100-0006

Country :	Japan

Date of Incorporation :	September 2010

Com. Reg. No.:	0100-01-135030

Legal Form :	Limited Company

Line of Business :	Import, wholesale of Oil & Natural Gas Drilling Equipment

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 :	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 – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

Japan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name

ENSERVE CO LTD

REGD NAME

Enserve KK

MAIN OFFICE

Yurakucho Bldg 208, 1-10-1 Yurakucho Chiyodaku Tokyo 100-0006 JAPAN

Tel: Unavailable

URL: N/A

ACTIVITIES

Import, wholesale of oil & natural gas drilling equipment

BRANCHES

Nil

OFFICER(S)

KEITA MATSUNOKI, PRES

Yen Amount: In million Yen, unless otherwise stated

SUMMARY

FINANCES UNDETD A/SALES Yen 100 M*

PAYMENTS Unknown CAPITAL Yen 20 M

TREND UNDETD WORTH Yen 20 M

STARTED 2010 EMPLOYES 2

*.. First year target only

COMMENT

TRADING FIRM SPECIALIZING IN OIL/NATURAL GAS DRILLING EQUIPMENT.

FINANCIAL SITUATION UNDETERMINED DUE TO THE RECENT INCEPTION BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE RECENT INCEPTION AND WITHOUT PROVEN BUSINESS

HIGHLIGHTS

The subject company was established by Keita Matsunoki in order to make most of his experience in the subject line of business. A brand new company founded in Sept 2010, this is a trading firm specializing in import and export of oil and natural gas drilling equipment & facilities. Corporate information is not sufficiently available and the contents of this report are based on the Registration Certificate separately obtained. No further information is made available from outside sources.

FINANCIAL INFORMATION

The sales for the initial one year period ending Aug/2011 are targeted at Yen 100-200 million. No business is reported done so far.

Both the financial status and business trends are not determined due to the recent inception but should be good for MODERATE business engagements. Max credit limit is unable to be assessed due to the recent inception and without proven business records.

REGISTRATION

Date Registered: Sept 2010

Regd No.: 0100-01-135030

Legal Status: 　Limited Company (Kabushiki Kaisha)

Authorized: 　100,000 shares

Issued: 　2,000 shares

Sum: 　Yen 20 million

Major shareholders (%): Keita Matsunoki (100)

Nothing detrimental is known as to his commercial morality.

OPERATION

Activities: A trading firm for import and export of oil & natural gas drilling facilities & equipment, and related products (--100%)

Clients: Oil refineries, mfrs, other

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Tokyo

Suppliers: Mfrs, wholesalers, other

Payment record: Regular

Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.

Bank References:

Local Bank (Unavailable)

Relations: Money deposits & transfers only

FINANCES

(In Million Yen)

NOT YET MADE AVAILABLE

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.89
UK Pound	1	Rs.74.31
Euro	1	Rs.65.41

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

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.