MIRA INFORM REPORT

Report Date :

23.09.2011

IDENTIFICATION DETAILS

Name :	METROMATICS PTY. LTD.
Registered Office :	C/o RUSSELL & WOOD PTY LTD "Credit Union Australia Plaza" Level 1 54-56 Baden Powell Street Maroochydore Queensland 4558
Country :	Australia
Date of Incorporation :	15.12.1989
Legal Form :	Australian Proprietary Company
Line of Business :	Import and distribution of printing, coding & consumables, test & measurement, defence & avionics, electronic manufacturing products and equipment.

RATING & COMMENTS

MIRA’s Rating :

B

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

Maximum Credit Limit :	USD 180,000
Status :	Moderate
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 – March 31^st, 2011

Country Name	Previous Rating (31.12.2010)	Current Rating (31.03.2011)
Australia	A1	A1

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

IDENTIFICATION DETAILS

Verified Address

Subject name : METROMATICS PTY. LTD.

Business address : 25 Flinders Parade

Town : North Lakes

Province : Queensland

Zip/postal code : 4509

Country : Australia

Tel : +61 7 38684255

Fax : +61 7 38684147

Email : sales@metromatics.com.au

Website : www.metromatics.com.au

Registered address : C/o RUSSELL & WOOD PTY LTD "Credit Union Australia Plaza" Level 1

54-56 Baden Powell Street

Town : Maroochydore

Province : Queensland

Zip/postal code : 4558

Country : Australia

Postal address : P.O. Box 1146

_{Town : North Lakes}

Province : Queensland

Zip/postal code : 4509

_{Country : Australia}

SUMMARY DETAILS

Executive Summary

Date founded or registered : 15/12/1989

Legal form : Australian Proprietary Company

Chief executive : Graham Wayne Sargent

Issued & paid up capita : AUD 41,668

Line of business : Import and distribution of printing, coding & consumables, test & measurement, defence & avionics, electronic manufacturing products and equipment.

_{Staff employed : 30 employees}

CREDIT RISK OPINION

Company Analysis

Country risk : Country risk is minimal

Operation trend : Operational trend is steady

Management experience: Management is reasonably experienced

Financial performance : Financial performance is undetermined

Organisation structure : Organisational structure is stable

Detrimental : No detrimental records found

Payment history : No payment delays noted

Credit amount suggestion: USD 180,000

_{Credit amount asked : Not described.}

STATUTORY DETAILS

Registry Data

Registration date : 15/12/1989

Legal form : Australian Proprietary Company

Registration no Australian Company Number: 007346287

Registered authority : Australian Securities & Investments Commission

Fiscal/ Tax no : Australian Business

Number : 47007346287

Registry status : Live/Active

Previous name : None reported.

Change of legal form : None reported

MANAGEMENT / DIRECTORS

Key Management

Name : Graham Wayne Sargent

Designation : Managing

Director Name : Grant Williams

Designation : Director

Name : Christopher John Oakes

Designation : Director

Name : Lenard Ozzimo

Designation : Director

Name : Darren Bosanko

Designation : Director

Name : Tony Sargent

_{Designation : Director}

BOARD OF DIRECTORS/ OTHER APPOINTMENTS

Appointments

Name : Graham Wayne Sargent

Designation : Director and Company Secretary

Appointment date : 15/12/89

Address : 30 Mace Drive

Buderim, QLD 4556

Australia

Biography : Born on 19-03-1949 in Pahiatua, New Zealand.

Name : Grant Williams

Designation : Director

Appointment date : 08/07/00

Address : 119 Ashmole Road

Scarborough, QLD 4020

Australia

Biography : Born on 14-12-1961 in Wellington, New South Wales, Australia.

Name : Christopher John Oakes

Designation : Director

Appointment date : 23/06/98

Address : 440 Park Road

Park Orchards, VIC 3114

Australia

_{Biography : Born on 08-01-1960 in Melbourne, Victoria, Australia.}

Name : Lenard Ozzimo

Designation : Director

Appointment date : 08/07/00

Address : 9 Dawn Court

View Bank, VIC 3084

Australia

Biography : Born on 27-04-1961 in Melbourne, Victoria, Australia.

Name : Darren Bosanko

Designation : Director

Appointment date : 22/07/08

Address : 20 Bagot Avenue

Mile End, SA 5031

Australia

Biography : Born on 11-04-1973 in Woodville, South Australia, Australia.

Name : Tony Sargent

Designation : Director

Appointment date : 22/07/08

Address : 160 Grandview Drive

Bilgola, NSW 2107

Australia

Biography : Born on 21-12-1977 in Auckland, New Zealand.

_{Staff employed : 30 employees}

SHARE CAPITAL

Composition

Authorized Capital : AUD 41,668

No of shares : 41,668 Ordinary Shares

Share par value : AUD 1

Issued capital : AUD 41,668

_{Paid up capital : AUD 41,668}

OWNERSHIP / SHAREHOLDERS

How listed : Full List

Composition

Shareholder name : Christopher John Oakes

Address : 440 Park Road

Park Orchards, VIC 3114

Australia

No. of shares : 11,000 Ordinary Shares

Shareholder name : Grant Williams

Address : 119 Ashmole Road

Scarborough, QLD 4020

Australia

No. of shares : 3,334 Ordinary Shares

Shareholder name : Graham Wayne Sargent

Address : 30 Mace Drive

Buderim, QLD 4556

Australia

No. of shares : 24, 000 Ordinary Shares

Shareholder name : Lenard Ozzimo

Address : 9 Dawn Court

View Bank, VIC 3084

Australia

_{No. of shares : 3,334 Ordinary Shares}

RELATED COMPANIES & CORPORATE AFFILIATIONS

Structure

Name : METROMATICS LIMITED

Affiliation type : Wholly-owned

Subsidiary Address : Unit 1, 867 Dominion Road

Mt Roskill 1041

Auckland

New Zealand

Name : METROSPEC INVESTMENTS PTY LTD

Affiliation type : Associate

Address : 25 Flinders Parade

North Lakes, QLD 4509

_Australia

BANK & MORTGAGES

Bank Details

Name of bank : Westpac Banking Corporation

Address : Australia

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 : Unsatisfied charges:

ASIC Charge Number: 575944

Date Registered: 23-01-1997

Charge type: Both Fixed & Floating

Date Created: 10-12-1996

Chargees Name: WESTPAC BANKING CORPORATION

ASIC Charge Number: 1490995

Date Registered: 02-08-2007

Charge type: Fixed

Date Created: 29-06-2007

Chargees Name: ESANDA FINANCE CORPORATION LIMITED

ASIC Charge Number: 1836117

Date Registered: 13-08-2009

Charge type: Fixed

Date Created: 03-08-2009

Chargees Name: ESANDA FINANCE CORPORATION LIMITED

ASIC Charge Number: 1837656

Date Registered: 17-08-2009

Charge type: Fixed

Date Created: 05-08-2009

Chargees Name: ESANDA FINANCE CORPORATION LIMITED

ASIC Charge Number: 2190257

Date Registered: 17-06-2011

Charge type: Fixed

Date Created: 06-06-2011

Chargees Name: AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

Legal Fillings

Bankruptcy fillings : None reported.

Court judgements : None reported.

Tax liens : None reported.

Others : None reported.

FINANCIAL DATA

Description

Comments : The Subject is classified as a small proprietary company by the Australian Securities & Investments Commission hence is not required to disclose their financial statement.

A proprietary company is defined as small for a financial year if it satisfies at least two of the following:

- The consolidated revenue for the financial year of the company and any entities it controls is less than $25 million;

-The value of the consolidated gross assets at the end of the financial year of the company and any entities it controls is less than $12.5 million, and

-The company and any entities it controls have fewer than 50 employees at the end of the financial year.

OPERATION DETAILS

Main activities : The Subject is engaged in distribution of equipment used in printing & coding,

test & measurement, defence & avionics and electronic manufacturing sectors.

Product & services : Printing Coding & Consumables

Label Printers Ink Jet Systems Consumables

Test & Mesurement Automatic Test Equipment Data Acquisition Systems Sensors/Transducers

Defence & Avionics Avionics & Telemetry Single Board Computers

Chassis, Racks & Enclosures

Modular I/O

Rugged Portable Systems Ruggedised Keyboards Ruggedised Displays Ruggedised Power Ruggedised Printers Satellite Communications

Electronic Manufacturing

Wire & Die Bonding

Automated Soldering Systems

Brand : IPETRONIK EME DEWETRON PACIFIC ASTRO-MED HUNTRON

Purchases

International : Mainly from Asia, Europe and United States

Sales

Local : Yes

International : New Zealand

_{Property & Assets}

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

Branches : In addition, the Subject operates from branch offices located at:

Unit 4, 87-91 Heatherdale Road

Ringwood, VIC 3134

Australia

Tel: +61 3 98724592

Unit 17, 4-6 Chaplin Drive

Lane Cove NSW 2066

Australia

Tel: +61 2 94604355

Suite 2, Innovation House Mawsons Lakes Blvd Technology Park

Mawson Lakes, SA 5095

Australia

_{Tel: +61 8 83438516}

SUMMARIZED COUNTRY RISK

Gross Domestic Products (GDP) & Economic Overview

Central bank : Reserve Bank of Australia

Reserve of foreign exchange & gold : US$ 41.385 billion

Gross domestic product - GDP : US$ 1.235 trillion

GPP (Purchasing power parity) : 918.529 billion of International dollars

GDP per capita - current prices : US$ 55,590

GDP - composition by sector : agriculture: 4.1% industry: 26% services: 70%

Inflation : 2008: 4.4%

2009: 1.8%

2010: 2.8%

Unemployment rate : 2008: 4.2%

2009: 5.6%

_{2010: 5.2%}

Public debt

(General Government gross debt as a % GDP) : 2008: 11.6%

2009: 17.6%

_{2010: 22.3%}

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$1.258 trillion

Largest companies in the country: Commonwealth Bank (Banking), BHP Billiton (Materials), Westpac Banking Group (Banking), Rio Tinto (Materials), National Australia Bank (Banking), ANZ Banking (Banking), Telstra (Telecommunications Services)

Trade & Competitiveness Overview

Total exports : US$210.7 billion

Exports commodities : coal, iron ore, gold, meat, wool, alumina, wheat

Total imports : US$187.2 billion

Imports commodities : machinery and transport equipment, computers and office machines, telecommunication equipment and parts; crude oil and petroleum products

Export - major partners : Japan 18.9%, China 14.2%, South Korea 8%, US 6%, NZ 5.6%, India

5.5%, UK 4.2%

Import - major partners : China 15.5%, US 12.8%, Japan 9.6%, Singapore 5.6%, Germany 5.2%, UK 4.3%, Thailand 4.2%

FDI Inflows : 2007: US$45,477 million

2008: US$46,722 million

2009: US$22,572 million

FDI Outflows : 2007: US$16,822 million

2008: US$32,819 million

2009: US$18,426 million

Best countries for doing business: 10 out of 183 countries

Global competitiveness ranking : 16 (ranking by country on a basis of 133, the first is the best)

Country and Population Overview

Total population : 22.23 million

Total area : 7,692,024 km2

Capital : Canberra

_{Currency : Australian dollars (AUD}

Internet users as % of total population: 74.00%

PAYMENT HISTORY

Purchase Term

Local : Credit 30-60 days

International : Credit 30-60 days, Telegraphic transfer

Sales Term

Local : Prepayment, Credit 30-60 days

International : Credit 30-60 days, Telegraphic transfer

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.48.82
UK Pound	1	Rs.75.48
Euro	1	Rs.66.10

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.