MIRA INFORM REPORT

Report Date :

02.04.2012

IDENTIFICATION DETAILS

Name :	DASHMESH SINGAPORE PTE. LTD.

Registered Office :	19 Loyang Way #03-23 Changi Logistics Centre Singapore 508724

Country :	Singapore

Date of Incorporation :	16.03.2004

Com. Reg. No.:	200403079H

Legal Form :	Private Limited Exempt Company

Line of Business :	Wholesale and retail of provisions and dairy products.

No. of Employees :	Not Available

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 10,000
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 – 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:	Dashmesh Singapore Pte. Ltd.
Supplied Name:	Dashmesh Singapore Pte Ltd.
Trading Address:	19 Loyang Way, #03-23, Changi Logistics Centre, Singapore 508724
Supplied Address:	19 Loyang Way Changi Logistcs Centre #03-23 Singapore 508729
Telephone Number:	+65- 62729921
Fax Number:	+65- 62724418
E-mail:	sales@dashmesh.com.sg

Credit Summary

Credit Rating:	Maximum credit USD 10,000
Credit Opinion:	Business connections are permissible.

Company Identification Details

Registered Name:	Dashmesh Singapore Pte. Ltd.
Registered Address:	19 LOYANG WAY #03-23 CHANGI LOGISTICS CENTRE Singapore 508724
Date of Registration::	2004-3-16
Registered Number:	200403079H
Country of Incorporation:	Singapore
Registered Capital:	SGD 1,035,358.00 (USD 822,483) (As of 2012.3, 1 SGD = 0.79440 USD)
Paid-up Capital:	SGD 1,035,358.00 (USD 822,483)= 1,035,358 Shares@1 SGD
Legal Form:	Private Limited Exempt Company
Principal Activities:	Wholesale and retail of provisions and dairy products.
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No.
Date of Last Annual Return:	2011-9-22

Note:

Subject declined to disclose the staff number, and from other sources, we couldn’t obtain the information, either.

History

Subject was incorporated on 2004-3-16 with registered number 200403079H as Private Limited Exempt Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
TAN BOON WHEE ARTHUR	237,374	22.93%
NACHHATTAR SINGH	787,883	76.10%
HARNEET KAUR	10,101	1.00%
Total	1,035,358	100%

Major Shareholder Information:

1
Name:	TAN BOON WHEE ARTHUR
ID Number:	S0207931C
Address:	4 Amber Road #17-03 Amber Towers Singapore 439852
Nationality:	Singapore Citizen
2
Name:	NACHHATTAR SINGH
ID Number:	S2162721F
Address:	26 KEW TERRACE Singapore 465906
Nationality:	Singapore Citizen
3
Name:	HARNEET KAUR
ID Number:	S2603003Z
Address:	26 KEW TERRACE Singapore 465906
Nationality:	Singapore Citizen

Subsidiaries & Branches

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

Manage Information

Core Management

Detailed Information of Management:

1
Name:	SEAH KIM SWEE
Position:	Secretary
ID Number:	S0045970D
Address:	1d Cantonment Road, #36-39, Pinnacle@Duxton, The Singapore 085401
Nationality:	Singapore Citizen
Date of Appointment:	2010-12-24
2
Name:	TEO GEOK HAR NANCY
Position:	Director
ID Number:	S0151490C
Address:	4 Amber Road #17-03 Amber Towers Singapore 439852
Nationality:	Singapore Citizen
Date of Appointment:	2007-7-20
3
Name:	TAN BOON WHEE ARTHUR
Position:	Director
ID Number:	S0207931C
Address:	4 Amber Road #17-03 Amber Towers Singapore 439852
Nationality:	Singapore Citizen
Date of Appointment:	2004-5-18
4
Name:	SIM CHENG LIN
Position:	Secretary
ID Number:	S2005404B
Address:	10c Braddell Hill #05-09 Braddell View Singapore 579722
Nationality:	Singapore Citizen
Date of Appointment:	2010-12-24
5
Name:	NACHHATTAR SINGH
Position:	Director
ID Number:	S2162721F
Address:	26 Kew Terrace Singapore 465906
Nationality:	Singapore Citizen
Date of Appointment:	2004-3-16
6
Name:	HARNEET KAUR
Position:	Director
ID Number:	S2603003Z
Address:	26 Kew Terrace Singapore 465906
Nationality:	Singapore Citizen
Date of Appointment:	2004-3-16

Operation Information

Offices & Factories

	Office
Address:	19 Loyang Way, #03-23, Changi Logistics Centre, Singapore 508724

Production Information

l Subject is a trader of provisions and dairy food and the related products without any production activities.

Purchase

l The productions are mostly purchased from abroad.

Sales Information

l Subject is mainly engaged in wholesaling and retailing of provisions and dairy food and the related products.

l Subject introduced that its major products are Indian & Pakistani food products. And it also is consolidator of general food products.

l Subject introduced that Indian & Pakistani food products include Basmati and Ponni Rice, Nuts, Grains, Spices, Papadum, canned foods etc

l Subject introduced that it

l Subject introduced that it recently developed its own premium house brands, Temasek Gold for Basmati Rice and Malika range of Dry Goods products such as spices, lentils and nuts.

l Subject introduced some famous agencies include Verka Dairy, Pachangra, Lal Qilla, Daawat, NZ Dairy Board, 717 Basmati, etc.

l Subject’s selling territory mainly covers Asia.

Settlements

Subject declined to disclose the settlements information, and from other sources, we couldn’t obtain the information, either.

Financial Information

In Singapore, Limited Exempt Private Companies are not obligated to submit their financial statements to the local registry. The subject also declined to disclose such information due to the confidentiality reason.

Subject’s relevant staff Ms. Kiran declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.

Bankers

The bankers’ information is not available from the subject or other sources.

Auditors

Name:

RSM CHIO LIM LLP

Interview Details

Name:	Ms. Kiran
E-mail:	kiran@dashmesh.com.sg

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.15
UK Pound	1	Rs.81.79
Euro	1	Rs.68.34

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.