MIRA INFORM REPORT

Report Date :

07.09.2011

IDENTIFICATION DETAILS

Name :	WINDFALL GLOBAL ALLIANCE PVT LIMITED
Registered Office :	5A, Level 2, Albert Plaza, 87-89 Albert Street, Auckland Central
Country :	New Zealand
Date of Incorporation :	20.03.2009
Com. Reg. No.:	2217706
Legal Form :	Private Limited Company
Line of Business :	Trading in commodities such as pinewood, milk product, honey

RATING & COMMENTS

MIRA’s Rating :

Ca

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

Maximum Credit Limit :	USD 18,000
Status :	Moderate
Payment Behaviour :	Usually Correct
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 – March 31^st, 2011

Country Name	Previous Rating (31.12.2010)	Current Rating (31.03.2011)
New Zealand	a2	a2

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

Bottom of Form

Identification details Bottom of Form

Verified Address

Subject name WINDFALL GLOBAL ALLIANCE PVT LIMITED

Business address 5A, Level 2, Albert Plaza

87-89 Albert Street

Town Auckland Central

Province Auckland

Zip/postal code 1010

Country : New Zealand

Tel : +64 9 3543020

Fax : +64 9 3543051

Email : anita@windfall.co.nz

Website : www.windfall.co.nz

Registered address 5A, Level 2, Albert Plaza

87-89 Albert Street

Town : Auckland Central

Province : Auckland

Zip/postal code : 1010

Country : New Zealand

Postal address : PO Box 7023, Wellesley Street

Town : Auckland Central

Province : Auckland

Zip/postal code : 1141

Country : New Zealand

Summary details

Executive Summary

Date founded or registered 20/03/2009

Legal form Private Limited Company

Chief executive Anitha Sweety Ganasundramony

Issued & paid up capital NZD 100

Sales turnover NZD 1,500,000 (Non-consolidated 12 months, 31/03/2011)

Line of business Trading in commodities.

_{Staff employed : employees}

Credit risk opinion

Company Analysis

Country risk Country risk is minimal

Operation trend Operational trend is in start-up phase

Management experience Management is modestly experienced

Financial performance Financial performance is fair

Organisation structure Organisational structure is acceptable

Detrimental No detrimental records found

Payment history No payment delays noted

Credit amount suggestion USD 18,000

_{Credit amount asked Not described.}

Comments It is advisable to conduct business dealing on prepayment or L/C as

the Subject is a newly established company. Without official financial information it would be difficult to grant a large credit amount.

Statutory details

Registry Data

Registration date 20/03/2009

Legal form Private Limited Company

Registration no 2217706

Registered authority New Zealand Companies Office

Registry status Live/Active

Previous name None reported.

Change of legal form None reported.

Management / directors

Key Management

Name Anitha Sweety Ganasundramony

Designation Managing Director

Name Riyaz Nathani

Designation Marketing Manager

Board of directors / other appointments

Appointments

Name : Anitha Sweety Ganasundramony

Designation : Director

Appointment date : 17/05/10

Address : 6B/34 Kingston Street

Auckland 1010

New Zealand

_{Staff employed : 8 employees}

Share capital

Composition

Authorized Capital : NZD 100

No of shares : 100 Shares

Share par value : NZD 1

Issued capital : NZD 100

_{Paid up capital : NZD 100}

ownerships / shareholders

How listed : Full List

Composition

Shareholder name Anitha Sweety Ganasundramony

Address 6B/34 Kingston Street

Auckland 1010

New Zealand

No. of shares : 98 Shares

Shareholder name : Dr. Preetham Vonthibettu Chandrahasa

Address 120 Langford Road Richmond Town Bangalore 560025

India

No. of shares : 1 Share

Shareholder name : Dr. Binu Chellathurai

Address : East Of Street Nagercoil, Tamilnadu India

_{No. of shares : 1 Share}

Related companies & corporate Affiliations

Structure

Name ST.MARY FOREX BUREAU PVT LIMITED

Affiliation type Sister Company

Address New Zealand

Name SUNSHINE HEALTHCARE NURSING BUREAU LIMITED

Affiliation type Sister Company

Address New Zealand

_{Name RUSSELL SUNSHINE PRIVATE LIMITED}

Affiliation type Sister Company

_{Address New Zealand}

Related companies and

corporate affiliations comments All companies mentioned above states that Ms. Anitha Sweety

Ganasundramony is the director and majority shareholder of the company.

Bank & mortgages

Bank Details

Name of bank : Westpac New Zealand Limited

Address : New Zealand

Account details : Current Account

Comments : It is generally not the policy of local banks to provide credit status

information to non related parties, however interested parties would be

advised to consult first with the Subject if banker's references are required.

Mortgages: None reported.

Legal Fillings

Bankruptcy fillings None reported.

Court judgements None reported.

Tax liens None reported.

Others None reported.

financials

Description

Source of financial statement : Provided by the Subject

Financial statement date : 31/03/11

Type of accounts : Estimated key figures

Currency : New Zealand, Dollar (NZD)

Exchange rate : 1 USD = NZD 1.20 as of 08-09-2011

Summarized Financial Information

^{Consolidation type :} Non Consolidated

^{Currency :} New Zealand, Dollar (NZD)

Denomination : (x1) One Date of financial year end : 31/03/11

^{Length of accounts :} 12 months

^{Sale turnover / Income :} 1,500,000

Comments : The representative contacted Ms. Anitha Sweety Ganasundramony

provided the estimated sale turnover figure. In addition she advised that she would only provide us the audited financial information if the inquiring parties details are revealed.

_{Private Companies in New Zealand are not required to file accounts unless}

- The company has a sales turnover of over NZD 20,000,000;

- The company has total assets of over NZD 10,000,000;

- The company employs 50 people or more.

_{The Subject does not meet the criteria of being a large Private Company.}

Operation details

Main activities : The Subject main activities are trading in commodities such as pinewood, milk product, honey.

Purchases

Local : Yes

International : No imports.

Sales

Local : None.

International : Mainly to India, Maldives, Oman, Jordan, South Africa

Property & Assets

Premises : The Subject operates from premises located at the verified heading address consisting of administrative office.

_{Branches : None reported.}

Summarized country risk

Gross Domestic Products (GDP) & Economic Overview

Central bank Reserve Bank of New Zealand

Reserve of foreign exchange & gold US$ 18.421 billion

Gross domestic product - GDP US$ 140,434 billion

GPP (Purchasing power parity) 119.791 billion of International dollars

GDP per capita - current prices US$ $32,145

GDP - composition by sector Agriculture: 4.6%

Industry: 23.7%

Services: 71.7%

Inflation 2008: 4%

2009: 2.1%

2010: 2.5%

Unemployment rate 2008 4.2%:

2009: 6.2%

2010: 6.2%

Public debt

(General Government gross

debt as a % GDP) 2008: 20.4 %

2009: 26.2 %

_{2010: 31 %}

Government bond ratings Standard & Poor's: AAA/Stable/A-1+

Moody's rating: Aaa

Moody's outlook: STA

Market value of publicly traded shares US$ 67.061 billion

Largest companies in the country : Telecom of New Zealand, Transpower, Fletcher Building,Infratil

Trade & Competitiveness Overview

Total exports : US$29.53 billion

Exports commodities : dairy products, meat, wood and wood products, fish, machinery

Total imports : US$31.11 billion

Imports commodities : machinery and equipment, vehicles and aircraft, petroleum, electronics, textiles, plastics

Export - major partners : Australia 22%, US 11.5%, Japan 9.2%, China 5.3%, UK 4.6%

Import - major partners : Australia 20.7%, China 13.4%, US 9.7%, Japan 9.5%, Singapore 4.9%, Germany 4.7%

FDI Inflows 2007: US$3,441 million

2008: US$4,993 million

2009: US$348 million

_{FDI Outflows 2007: US$3,703 million}

2008: US$-239 million

2009: US$-406 million

Best countries for doing business : 3 out of 183 countries

Global competitiveness ranking : 25 (ranking by country on a basis of 142, the first is the best)

Country and Population Overview

Total population : 4.37 million

Total area : 270,467 km2

Capital : Wellington

_{Currency : New Zealand dollars (NZD)}

Internet users as % of total population : 84.38 %

Payments history

Purchase Term

Local : Prepayment, Credit 30 days

Sales Term

Local : L/C, Prepayment, Cash against document

Trade Reference/ Payment Behaviour

Comments : As local and international trade references were not supplied, the Subject's payment track record history cannot be appropriately determined but based on our research, payments are believed to be met without delay.

Investigation Note

Sources : Interviews and material provided by the Subject

: Other official and local business sources

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.46.13
UK Pound	1	Rs.74.18
Euro	1	Rs.64.88

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.