MIRA INFORM REPORT

Report Date :

24.04.2012

IDENTIFICATION DETAILS

Name :	KELLY PARK STUDIOS LIMITED

Registered Office :	275A Shirley Road, Papatoetoe, Auckland, Zip/postal code 2022

Country :	New Zealand

Date of Incorporation :	25.10.2011

Com. Reg. No.:	3620071

Legal Form :	Private Limited Company

Line of Business :	Import and distribution of animation, visual effects, gaming and E-learning products

No. of Employees :	01

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New Company

Payment Behaviour :	Unknown

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, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

New Zealand

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 : KELLY PARK STUDIOS LIMITED

Business address : 275A Shirley Road

Town : Papatoetoe

Province : Auckland

Zip/postal code : 2022

Country : New Zealand

Tel : N/A

Fax : N/A

Registered address : 275A Shirley Road

Town : Papatoetoe

Province : Auckland

Zip/postal code : 2022

Country : New Zealand

Comments : The Subject is not registered as a phone user locally. We found the contact number +64

9 2768630 unfortunately this number is now invalid. There were no further details of contact numbers found for the Subject in Australia and New Zealand.

Summary details

Executive Summary

Date founded or registered : 25/10/2011

Legal form : Private Limited Company

Chief executive : Srinivas Naidu Chamakuri

Issued & paid up capital : NZD 100

Line of business : Import and distribution of animation, visual effects, gaming and E-learning

products.

Staff employed : Mr. Srinivas Naidu Chamkuri is the only director and employee of the

Credit risk opinion

Company Analysis

Country risk : Country risk is minimal

Operation trend : Operational trend is in start-up phase

Management experience : Management is inadequately experienced

Financial performance : Financial performance is undetermined

Organization structure : Organizational structure is flawed

Detrimental : Some detrimental records found

Payment history : No payment delays noted

Credit amount suggestion : Fully secured terms.

Credit amount asked : Not described.

Comments : Credit of any amount can’t be granted as we are unable to determine the existence and

location of the Subject.

Statutory details

Registry Data

Registration date : 25/10/2011

Legal form : Private Limited Company

Registration no 3620071

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 : Srinivas Naidu Chamakuri

Designation : Managing Director

Board of directors / other appointments

Appointments

Name : Srinivas Naidu Chamakuri

Designation : Director

Appointment date : 25/10/11

Address : 18 Ashgrove Road

Mangere, Auckland 2022

New Zealand

Biography : Born on 22-12-1972 in Visakhapatnam, India.

Staff employed : Mr. Srinivas Naidu Chamkuri is the only director and employee of the Subject

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

ownership / shareholders

How listed : Full List

Composition

Shareholder name : Srinivas Naidu Chamakuri

Address : 18 Ashgrove Road

Mangere, Auckland 2022

New Zealand

No. of shares : 100 Ordinary Shares

% of shares : 100%

Related companies & corporate Affiliations

Structure

Name : LEADING EDGE I T SOLUTIONS LIMITED

Affiliation type : Sister Company

Address : 18 Ashgrove Road

Mangere, Auckland 2022

New Zealand

Name : QUENCH SOFTSOLUTIONS LIMITED

Affiliation type : Associate

Address : 18 Ashgrove Road

Mangere, Auckland 2022

New Zealand

Name : EAZYWAY COMMUNICATIONS LIMITED

Affiliation type : Sister Company

Address : 7 Pukeiti Road

Otahuhu, Auckland 1062

New Zealand

Name : PROVENTURE CONSULTANTS LIMITED

Affiliation type : Associate

Address : 7 Pukeiti Road

Otahuhu, Auckland 1062

New Zealand

Name : KELLY PARK STUDIOS PTY LTD

Affiliation type : Sister Company

Address : Unit 10, 9-13 Valeria Street

Toongabbie, NSW 2146

Australia

Bank & mortgages

Bank Details

Name of bank : Bank of New Zealand

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 : Published Thursday, April 19 2012

BANK OF NEW ZEALAND has commenced proceedings in the District Court at

Manukau, being CIV-2011-092- 4142 against SRINIVAS NAIDU CHAMAKURI, formerly of 22b Convoy Lane, Otahuhu, Auckland now of unknown.

The Court has ordered that service of Notice of Claim be effected by placement of this advertisement. Service will have occurred on publication of this advertisement.

SRINIVAS NAIDU CHAMAKURI has 30 working days from the date of publication of this advertisement in which to file a response by defendant.

Anyone knowing the whereabouts of the Defendant SRINIVAS NAIDU

CHAMAKURI is requested to bring this notice to his attention.

The Plaintiff is represented by Turner Hopkins, Solicitors. The address for service of the Plaintiff is 400 Lake Road, Takapuna, Auckland (phone 09 486 2169).

Dated at Manukau this 13th day of April 2012. GRAHAM MCKAY Deputy

Registrar District Court, Manukau

Tax liens : None reported.

Others : None reported.

financial data

Description

Comments : Due to the Subject’s recent date of establishment, financial information is not available.

Private Companies in New Zealand are not required to file accounts unless classified as "Large", which at the moment means that two out of the following three conditions are met:

- 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.

Operation details

Main activities : Subject engages in import and distribution of animation, visual effects, gaming and E-learning products. (as reported)

Purchases

International : India

Sales

Local : Yes

International : None reported.

Property & Assets

Premises : The Subject's premises can't be determined.

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$ 20.562 billion

Gross domestic product - GDP US$ 153.252 billion

GPP (Purchasing power parity) 120.2 billion of International dollars

GDP per capita - current prices US$ $ 34,701

GDP - composition by sector agriculture: 4.7% industry: 24% services: 71.3%

Inflation 2009: 2.1%

2010: 2.3%

2011: 4.1.%

Unemployment rate 2009: 6.2%

2010: 6.5%

2011: 6.7%

Public debt

(General Government gross

debt as a % GDP) 2009: 26.1 %

2010: 31.6%

_{2011: 35.8%}

Government bond ratings Standard & Poor's: AA+/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, Trans power, Fletcher Building, Infratil

Trade & Competitiveness Overview

Total exports US$33.24billion

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 2008: US$ 4,598 million

2009: US$ -1,293 million

2010: US$ 561 million

FDI Outflows 2008: US$ 462 million

2009: US$-308 million

2010: US$-589 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 Dollar (NZD)}

Internet users as % of total population : 83 %

Payment history

Purchase Term

Local : None

International : None

Sales Term

Local : None

International : None

Trade Reference/ Payment Behaviors

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 : Official and local business sources

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.23
UK Pound	1	Rs.84.16
Euro	1	Rs.68.84

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.