MIRA INFORM REPORT

Report Date :

06.12.2012

IDENTIFICATION DETAILS

Name :	UNITED RAW MATERIAL PTE. LTD.

Registered Office :	33 UBI Avenue 3, #05-32, Vertex, Singapore 408868

Country :	Singapore

Date of Incorporation :	30.05.2006

Com. Reg. No.:	200607763E

Legal Form :	Limited Exempt Private Company

Line of Business :	General trading

No. of Employees :	About 10 Employees

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

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 – 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

Singapore - ECONOMIC OVERVIEW

Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. Real GDP growth averaged 8.6% between 2004 and 2007. The economy contracted 1.0% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010 and 4.9% in 2011, on the strength of renewed exports. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to a compound annual growth rate of just 1.8% in the last decade. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.

Source : CIA

Contact Points

Company Name:	United Raw Material Pte. Ltd.
Supplied Name:	United Raw Material Pte Ltd.
Trading Address:	33 UBI Avenue 3, #05-32, Vertex, Singapore 408868
Supplied Address:	33 UBI Avenue 3 #05-32 Vartese Singapore 408
Telephone Number:	+65-6323-1721
Fax Number:	+65-6226-3787
E-mail:	urmpl@hotmail.com / roopali@kayavlon.com

Notes: Subject’s exact address is as above.

Credit Summary

Credit Opinion:

Business connections are permissible.

Company Identification Details

Registered Name:	United Raw Material Pte. Ltd.
Registered Address:	33 UBI Avenue 3, #05-32, Vertex, Singapore 408868
Date of Registration::	2006-5-30
Registered Number:	200607763E
Country of Incorporation:	Singapore
Registered Capital:	USD 2,119,206.00
Paid-up Capital:	USD 2,119,206.00 = 2,119,206 Shares @ 1 USD
Legal Form:	Limited Exempt Private Company
Principal Activities:	46900 General trading
Staff:	About 10 Employees
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2012-3-29

History

Subject was incorporated on 2006-5-30 with registered number 200607763E as Limited Exempt Private Company in Singapore.

Shareholders

Unit: USD

Name	Subscription Amount	Proportion of Investment (%)
Goel Deepika Manoj	1,039,737	49.06%
Fulzade Roopali Raghunath	30,282	1.43%
Goel Manoj Omprakash	1,049,187	49.51%
Total	2,119,206	100%

Major Shareholder Information:

1
Name:	Goel Deepika Manoj
ID Number:	A4518872
Address:	22, Nand Niwas, Ashok Nagar, Athwa Lines, Surat, Gujarat 465001, India
Nationality:	Indian
2
Name:	Fulzade Roopali Raghunath
ID Number:	G5939517W
Address:	33 Ubi Avenue 3 #05-32 Vertex Singapore 408868
Nationality:	Indian
3
Name:	Goel Manoj Omprakash
ID Number:	Z1861160
Address:	22, Nand Niwas, Ashok Nagar, Athwa Lines, Surat, Gujarat 465001, India
Nationality:	Indian

Subsidiaries & Branches

Subject did not introduce 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:	Goel Deepika Manoj
Position:	Director
ID Number:	A4518872
Address:	22, Nand Niwas, Ashok Nagar, Athwa Lines, Surat, Gujarat 465001, India
Nationality:	Indian
Date of Appointment:	2006-5-30
2
Name:	Sandeep Sureshchandra Agarwal
Position:	Director
ID Number:	G1410146
Address:	703 Aditya Complex - A, Kapadia Health Club Bhatar Road, Surat-395001, Gujarat, India
Nationality:	Indian
Date of Appointment:	2011-8-23
3
Name:	Fulzade Roopali Raghunath
Position:	Director
ID Number:	G5939517W
Address:	33 Ubi Avenue 3, #05-32, Vertex, Singapore 408868
Nationality:	Indian
Date of Appointment:	2006-5-30
4
Name:	Ravi Kasturi
Position:	Secretary
ID Number:	S2651015E
Address:	124 Mcnair Road, #06-33, Singapore 320124
Nationality:	Singapore Citizen
Date of Appointment:	2009-6-29
5
Name:	Goel Manoj Omprakash
Position:	Director
ID Number:	Z1861160
Address:	22, Nand Niwas, Ashok Nagar, Athwa Lines, Surat, Gujarat 465001, India
Nationality:	Indian
Date of Appointment:	2006-5-30

Personnel Structure

Total Employees

About 10 Employees

Operation Information

Offices & Factories

	Office
Address:	33 UBI Avenue 3, #05-32, Vertex, Singapore 408868

Production Information

l Subject is a trader of all kinds of textile raw materials like yarns and fibers without any production activities.

Purchase Information

l It is introduced that subject purchase products from Malaysia, Taiwan, Indonesia, China, Korea and Thailand.

Sales Information

l Subject is engaged in sales of textile raw materials like yarns and fibers.

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

Major products sold

Type	Product
Polyester	Polyester Staple Fiber Polyester Chips (semi dull, bright, super bright, bottle grade, amorphous) Polyester Spun Yarns Partially Oriented Yarn (POY) Draw Textured Yarn (DTY) Filament Drawn Yarn (FDY) Air Textured Yarn (ITY) High Tenacity Yarns
Spandex	Bare Spandex Mixed with Nylon or Polyester
Nylon	Nylon Chips (semi dull and bright) Nylon Partially Oriented Yarn Nylon Fully Drawn Yarn Nylon Textured Yarn
Viscose	Viscose Filament Yarn (VFY) Viscose Embroidery Thread (VET) Viscose Spun Yarns
Cotton	Combed Cotton Yarn Carded Cotton Yarn

Settlements

Purchase

Domestic Markets

Subject has little domestic purchase.

Overseas Markets

Products	Payment Terms	Proportion
Textile raw materials	CBD, etc	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
Textile raw materials	COD, CBD, etc	100%

Overseas Markets

Product	Sales Terms	Proportion
Textile raw materials	CBD, etc	100%

Financial Information

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, the subject also declined to disclose such information due to the confidentiality reason.

Bankers

Bank Charges

Charge 1
Charge Number:	C200801489
Date of Registration:	2008-2-5
Name:	United Overseas Bank Limited
Amount Secured:	All Monies
Charge 2
Charge Number:	C200803305
Date of Registration:	2008-4-9
Name:	United Overseas Bank Limited
Amount Secured:	All Monies
Charge 3
Charge Number:	C201000833
Date of Registration:	2010-1-26
Name:	United Overseas Bank Limited
Amount Secured:	All Monies
Charge 4
Charge Number:	C201006022
Date of Registration:	2010-7-15
Name:	United Overseas Bank Limited
Amount Secured:	All Monies
Charge 5
Charge Number:	C201007714
Date of Registration:	2010-9-1
Name:	DBS Bank Ltd.
Amount Secured:	All Monies
Charge 6
Charge Number:	C201113921
Date of Registration:	2011-11-3
Name:	DBS Bank Ltd.
Amount Secured:	All Monies
Charge 7
Charge Number:	C201208467
Date of Registration:	2012-7-27
Name:	The Hong Kong and Shanghai Banking Corporation Limited
Amount Secured:	All Monies
Charge 8
Charge Number:	C201208687
Date of Registration:	2012-8-1
Name:	Citibank N.A.
Amount Secured:	All Monies

Auditors

Name:

S. Renganathan & Co.

Interview Details

Name:	Ms. Manshi
Department:	Sales Department

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.57
UK Pound	1	Rs.87.90
Euro	1	Rs.71.53

INFORMATION DETAILS

Report Prepared by :

SDA

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.