MIRA INFORM REPORT

Report Date :

20.08.2012

IDENTIFICATION DETAILS

Name :	DHATU INTERNATIONAL PTE. LTD.

Registered Office :	141 Market Street, #08-01, International Factors Building Singapore 048944

Country :	Singapore

Date of Incorporation :	07.03.2005

Com. Reg. No.:	200502960R

Legal Form :	Limited Exempt Private Company

Line of Business :	Trading of metal & minerals

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

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, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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:	Dhatu International Pte. Ltd.
Supplied Name:	Dhatu International Pte Ltd
Trading Address:	141 Market Street, #08-01, International Factors Building Singapore 048944
Supplied Address:	141 Market Street HEx 68-01 International Factors Building Singapore 048944
Telephone Number:	+65-6224-4450
Fax Number:	+65-6224-5059
E-mail:	dhatuintl@gmail.com

Note: The exact address is as above.

Credit Summary

Credit Opinion:

Business connections are permissible.

Company Identification Details

Registered Name:	Dhatu International Pte. Ltd.
Registered Address:	141 Market Street, #08-01, International Factors Building Singapore 048944
Date of Registration::	2005-3-7
Registered Number:	200502960R
Country of Incorporation:	Singapore
Registered Capital:	SGD 2,227,044.00 (USD 1,780,744.38) (As of 2012.08, 1 SGD = 0.7996 USD)
Paid-up Capital:	SGD 2,227,044.00 (USD 1,780,744.38) = 2,227,044 Shares@1 SGD
Legal Form:	Limited Exempt Private Company
Principal Activities:	46620 Trading of metal & minerals 46900 General wholesale trade (including general importers and exporters)
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2011-10-11

Note: Subject declined to disclose its staff number; from other source we cannot obtain the relevant information, either.

History

Subject was incorporated on 2005-3-7 with registered number 200502960R as Limited Exempt Private Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Rakesh Kothari	345,400	15.51%
Ghisulal Kothari	431,772	19.39%
Abhishek Chopra	768,122	34.49%
Chopra Deepa	681,750	30.61%
Total	2,227,044	100%

Major Shareholder Information:

1
Name:	Rakesh Kothari
ID Number:	F9645558
Address:	New No:10, Old No:13, Sylvan Lodge Colony, I Cross St, Kilpauk, Chennai-600010 Tamilnadu, India
Nationality:	Indian
2
Name:	Ghisulal Kothari
ID Number:	G7959390
Address:	No: 13, Sylvan Lodge Colony, 1st Cross Street Chennai-600010 Tamilnadu, India
Nationality:	Indian
3
Name:	Abhishek Chopra
ID Number:	S8164337G
Address:	97 Robertson Quay #26-06 Rivergate Singapore 238257
Nationality:	Singapore P.R.
4
Name:	Chopra Deepa
ID Number:	S8381639B
Address:	97 Robertson Quay #26-06 Rivergate Singapore 238257
Nationality:	Singapore P.R.

Subsidiaries & Branches

Related Company:

1
Name:	Kamachi Sponge and Power Corporation Ltd
Address:	Survey No. 86, 115-119, 123 Pathapalayam Village, Gummidipoondi Tamilnadu, India.
Telephone Number:	+91-44-2591-0855
2
Name:	Kamachi Steels Ltd (Furnace Division)
Address:	5/58, G.N.T. Road, Durainallur, Puduvoyal Post, Ponneri Taluk, Tiruvallur Dist. Tamilnadu, India.
Telephone Number:	+91-44-2790-0152
3
Name:	Kamachi Steels Ltd (Rolling Mill Division)
Address:	B-4(N)b, Sipcot Industrial Complex, Gummidipoondi, Tiruvallur Dist, Tamilnadu, India.
Telephone Number:	+91-44-4296-1100
4
Name:	Goyal Ispat Ltd
Address:	24, Padalam Sugar Mill Road, Palayanur Village Madurandagam Taluk, Kancheepuram Dist. 603308 Tamilnadu, India.
Telephone Number:	+91-44-2756-5205
5
Name:	Maa Durga Enterprises Ltd
Address:	L-1, Cunculim Industrial Estate, Cuncolim, Goa 403703 Goa, India.
Telephone Number:	+91-832-286-5521
6
Name:	Kamachi Granites Ltd
Address:	F-184-187, Riico Industrial Area, III Phase, Madanganj - Kishangarhi, Rajasthan 305801 India.
Telephone Number:	+91-94140-12121

Management Information

Core Management

Detailed Information of Management:

1
Name:	Rakesh Kothari
Position:	Director
ID Number:	F9645558
Address:	New No:10, Old No:13, Sylvan Lodge Colony, I Cross St, Kilpauk, Chennai-600010 Tamilnadu, India
Nationality:	Indian
Date of Appointment:	2006-7-11
Alternate Director(s)
Name:	Chopra Deepa
ID Number:	S8381639B
Date of Appointment:	2006-11-30
2
Name:	Ghisulal Kothari
Position:	Director
ID Number:	G7959390
Address:	No: 13, Sylvan Lodge Colony, 1st Cross Street Chennai 600010 Tamilnadu, India
Nationality:	Indian
Date of Appointment:	2005-3-7
Alternate Director(s)
Name:	Abhishek Chopra
ID Number:	S8164337G
Date of Appointment:	2006-11-30
3
Name:	Helen Campos
Position:	Secretary
ID Number:	S1318008C
Address:	10 Mei Hwan Drive, Golden Hill Estate, Singapore 568349
Nationality:	Singapore Citizen
Date of Appointment:	2005-3-7
4
Name:	Abhishek Chopra
Position:	Director
ID Number:	S8164337G
Address:	97 Robertson Quay, #26-06, Rivergate Singapore 238257
Nationality:	Singapore P.R.
Date of Appointment:	2006-7-11

Operation Information

Offices & Factories

	Office
Address:	141 Market Street, #08-01, International Factors Building Singapore 048944

Production Information

l Subject is a trader of metals and minerals without any production activities.

Purchase Information

l It is introduced that subject purchases products from related company in India.

Sales Information

l Subject is engaged in sales of metals and minerals, etc.

l Subject’s sales regions include Southeast Asia, Africa, Europe, and Middle East, etc.

l Major products sold by subject include carbon steel, shredded scrap, melting scrap, re-rollables, billets, slabs, plates, coils, and re-bars, etc.

Settlements

Purchase

Domestic Markets

Subject has little domestic purchase.

Overseas Markets

Products	Payment Terms	Proportion
Metals and minerals	Interior Settlement, etc	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
Metals and minerals	COD, CBD, etc	100%

Overseas Markets

Product	Sales Terms	Proportion
Metals and minerals	CBD, etc	100%

Financial Information

Year	Sales
2010	About USD 20,000

Notes: The information is from introduction. In Singapore, Limited Exempt Private Companies are not obligated to submit their financial statements to the local registry. We did not find the financials of subject from the local registry.

Subject’s staff introduced subject’s financial figures as above and the information is estimated and only for reference.

Bankers

Bank Charges:

Charge 1
Charge Number:	C201012042
Date of Registration:	2010-12-13
Name:	Citibank N.A.
Amount Secured:	All Monies
Charge 2
Charge Number:	C201101362
Date of Registration:	2011-1-28
Name:	Indian Overseas Bank
Amount Secured:	All Monies
Charge 3
Charge Number:	C201105963
Date of Registration:	2011-5-18
Name:	Malayan Banking Berhad
Amount Secured:	All Monies
Charge 4
Charge Number:	C201105976
Date of Registration:	2011-5-18
Name:	Malayan Banking Berhad
Amount Secured:	All Monies
Charge 5
Charge Number:	C201108910
Date of Registration:	2011-7-21
Name:	Australia and New Zealand Banking Group Limited
Amount Secured:	All Monies
Charge 6
Charge Number:	C201203320
Date of Registration:	2012-3-27
Name:	Malayan Banking Berhad
Amount Secured:	All Monies

Auditors

Name:

J Wong & Associates Pac

Interview Details

Department:

Sales Department

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.70
UK Pound	1	Rs.87.55
Euro	1	Rs.68.85

INFORMATION DETAILS

Report Prepared by :

MNL

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.