MIRA INFORM REPORT

Report Date :

06.04.2012

IDENTIFICATION DETAILS

Name :	ACECOM TECHNOLOGIES PTE LTD

Registered Office :	1 Ubi View #03-10 Singapore 408555

Country :	Singapore

Date of Incorporation :	17.07.1993

Com. Reg. No.:	199304646D

Legal Form :	Limited Exempt Private Company

Line of Business :	Retail Sale of Computer Hardware and Accessories and Computer Software (Except Games)

No. of Employees :	About 20 Employees

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 50,000
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:	Acecom Technologies Pte Ltd
Supplied Name:	Acecom Technologies Pte Ltd.
Trading Address:	1 Ubi View #03-10 Singapore 408555
Supplied Address:	No. 1 Ubi View, #03-10 Focus One, Singapore
Telephone Number:	+65-6353 7767
Fax Number:	+65-6353 7747
E-mail:	sales@acecom.com.sg

Notes:

The exact subject’s address is as above mentioned.

Credit Summary

Credit Rating:	Maximum credit USD 50,000
Credit Opinion:	Business connections are permissible.

Company Identification Details

Registered Name:	Acecom Technologies Pte Ltd
Registered Address:	1 Ubi View #03-10 Singapore 408555
Date of Registration::	1993-7-17
Registered Number:	199304646D
Country of Incorporation:	Singapore
Registered Capital:	SGD 3,000,000.00 (USD ) (As of 2012.03, 1 SGD = 0.7803 USD)
Paid-up Capital:	SGD (USD ) = 3,000,000 Shares@1 SGD
Legal Form:	Limited Exempt Private Company
Principal Activities:	47412 Retail Sale of Computer Hardware and Accessories and Computer Software (Except Games) 62024 Computer Systems Integration Activities
Staff:	About 20 Employees
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2011-7-30

History

Subject was incorporated on 1993-7-17 with registered number 199304646D as Private Limited Liability Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Tan Beng Chuan	1,500,000	50%
Loh Buay Heoh	1,500,000	50%
Total	30,000,000	100%

Major Shareholder Information:

1
Name:	Tan Beng Chuan
ID Number:	S1500497E
Address:	1063 Upper Changi Road North Singapore 507689
Nationality:	Singapore Citizen
2
Name:	Loh Buay Heoh
ID Number:	S1534300A
Address:	1063 Upper Changi Road North Singapore 507689
Nationality:	Singapore Citizen

Subsidiaries & Branches

Branches:

1
Name:	AceCom Distribution (Thailand) Co. Ltd
Address:	65/44 Chamnan Phenjati Business Center, 3rd Floor Rama 9 Road, Huay Khwang, Huay Khwang, Bangkok 10310, Thailand
2
Name:	Ace Computer Technologies Sdn Bhd
Address:	No. B-2-43, 2nd Floor, Jalan Kuchai Maju 2, Off Jalan Kuchai Lama, 58200 Kuala Lumpur, Malaysia

Management Information

Core Management

Detailed Information of Management:

1
Name:	Tan Beng Chuan
Position:	Director
ID Number:	S1500497E
Address:	1063 Upper Changi Road North Singapore 507689
Nationality:	Singapore Citizen
Date of Appointment:	1993-7-17
2
Name:	Loh Buay Heoh
Position:	Director
ID Number:	S1534300A
Address:	1063 Upper Changi Road North Singapore 507689
Nationality:	Singapore Citizen
Date of Appointment:	1993-7-17
3
Name:	Loh Buay Heoh
Position:	Secretary
ID Number:	S1534300A
Address:	1063 Upper Changi Road North Singapore 507689
Nationality:	Singapore Citizen
Date of Appointment:	1993-7-17

Personnel Structure

Total Employees

About 20 Employees

Operation Information

Offices & Factories

	Office
Address:	1 Ubi View #03-10 Singapore 408555

Purchase

l The company offers quality and award computer hardware and software related products and telecommunication products.

l Subject mainly imports from foreign markets.

Sales Information

l Subject is engaged in technology distributing.

l Subject also an IT solutions provider.

l Subject’s products include hardware and software related products and telecommunication products.

l Subject also has IT related lifestyle products and consumer electronics such as Hitachi, BenQ, InFocus, Seagate, Prolink, Iomega, iSmart, Sony, TravelPAC, xShine, etc.

l Subject has both domestic and foreign markets.

l Subject’s main markets are domestic markets.

Settlements

Purchase

Domestic Markets

Products	Payment Terms	Proportion
IT products, etc.	COD, CBD, etc.	100%

Overseas Markets

Products	Payment Terms	Proportion
IT products, etc.	CBD, etc.	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
IT products and solutions, etc.	COD, CBD, etc.	100%

Overseas Markets

Product	Sales Terms	Proportion
IT products and solutions, etc.	CBD, etc.	100%

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. Financial information is not available.

Auditors

Name:

K. A. SEAH & CO

Interview Details

Name:

Mr. Jason Tan

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.