MIRA INFORM REPORT

Report Date :

05.04.2012

IDENTIFICATION DETAILS

Name :	OTS CORPN. PTE. LTD

Registered Office :	503 Jurong West Avenue 1, #03-851, Singapore 640503

Country :	Singapore

Date of Incorporation :	10.04.1972

Com. Reg. No.:	197200420D

Legal Form :	Limited Exempt Private Company

Line of Business :	Wholesales of chemical 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^th, 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:	OTS CORPN. PTE. LTD
Supplied Name:	OTS Corporation Pte Ltd
Trading Address:	503 Jurong West Avenue 1, #03-851, Singapore 640503
Supplied Address:	Block 503 Jurong West Avenue 1#03-581 640503 Singapore
Telephone Number:	+65- 64692188
Fax Number:	+65- 65602680

Notes:

The exact subject’s name and address are as above mentioned.

Credit Summary

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

Company Identification Details

Registered Name:	OTS CORPN. PTE. LTD
Registered Address:	503 Jurong West Avenue 1, #03-851, Singapore 640503
Date of Registration::	1972-4-10
Registered Number:	197200420D
Country of Incorporation:	Singapore
Registered Capital:	SGD 467,625.00 (USD 364,887.79) (As of 2012.2, 1 SGD = 0.7803 USD)
Paid-up Capital:	SGD 467,625.00 (USD 364,887.79) = 467,625 Shares@1 SGD
Legal Form:	Limited Exempt Private Company
Principal Activities:	Wholesales of chemical products.
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2012-1-31

Notes:

Subject declined to introduce its staff number.

History

Subject was incorporated on 1972-4-10 with registered number 197200420D as Limited Exempt Private Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Pay Heang Hock	330,750	71%
Neo Lay Beng @ Neo Ho Sye	136,875	29%
Total	467,625	100%

Major Shareholder Information:

1
Name:	Pay Heang Hock
ID Number:	S0228654H
Address:	14 Almond Avenue Singapore 677755
2
Name:	Neo Lay Beng @ Neo Ho Sye
ID Number:	S0738864J
Address:	239 Choa Chu Kang Central #03-91 Singapore 680239

Subsidiaries & Branches

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

Management Information

Core Management

Detailed Information of Management:

1
Name:	Pay Heang Hock
Position:	Director
ID Number:	S0228654H
Address:	14 Almond Avenue Singapore 677755
Nationality:	Singapore Citizen
Date of Appointment:	1972-4-15
2
Name:	Neo Lay Beng @ Neo Ho Sye
Position:	Director
ID Number:	S0738864J
Address:	239 Choa Chu Kang Central #03-91 Singapore 680239
Nationality:	Singapore Citizen
Date of Appointment:	1994-6-8
3
Name:	Neo Siew Kiok
Position:	Director
ID Number:	S1593419J
Address:	14 Almond Avenue Singapore 677755
Nationality:	Singapore Citizen
Date of Appointment:	1995-6-6
4
Name:	Chua Sai Choo
Position:	Secretary
ID Number:	S0085660F
Address:	120 Bukit Merah View #09-14 Singapore 152120
Nationality:	Singapore Citizen
Date of Appointment:	1995-6-5

Operation Information

Offices & Factories

	Office
Address:	503 Jurong West Avenue 1, #03-851, Singapore 640503

Purchase

l Subject purchases chemical, etc.

l Subject purchases from both domestic and foreign markets.

l Subject has a 50% proportion for import.

Sales Information

l Subject is mainly engaged in sales of chemicals.

l Subject is a trader without any production.

l Subject’s products are chemical solution.

l Subject has both domestic and foreign markets.

l Subject sells its products to all over the world, mainly to China etc.

Settlements

Purchase

Domestic Markets

Products	Payment Terms	Proportion
Chemical, etc.	COD, CBD, etc.	100%

Overseas Markets

Products	Payment Terms	Proportion
Chemical, etc.	CBD, etc.	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
Chemical, etc.	CBD, etc.	100%

Overseas Markets

Product	Sales Terms	Proportion
Chemical, etc.	CBD, etc.	100%

Financial Information

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore, subject did not submit the information to the local registry and the only source from which we can obtain the information is the subject itself.

Subject declined to disclose the financial information; from other source we can not obtain the information, either.

Auditors

Name:

SAW MENG TEE & PARTNERS PAC

Public

Charges

1
Charge Number	200205094
Date of Registration	2002-11-21
Name	The Development Bank Of Singapore Limited
Amount Secured	All Monies
2
Charge Number	C200708673
Date of Registration	2007-10-15
Name	DBS Bank Ltd
Amount Secured	All Monies
3
Charge Number	C200803523
Date of Registration	2008-4-15
Name	DBS Bank Ltd.
Amount Secured	All Monies

Interview Details

Name:

Linda

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.05
UK Pound	1	Rs.81.09
Euro	1	Rs.67.39

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.