MIRA INFORM REPORT

Report Date :

10.12.2012

IDENTIFICATION DETAILS

Name :	ACT-GLOBAL PTY LTD
Registered Office :	C/O Abbott's Pty Ltd, 813 Wellington Street West Perth Western Australia 6005
Country :	Australia
Date of Incorporation :	11.06.2009
Reg. No.:	137601328
Legal Form :	Australian Proprietary Company
Line of Business :	Import & distribution of conveyor products.
No. of Employees :	01

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
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 – June 30^th, 2012

Country Name	Previous Rating (31.03.2011)	Current Rating (30.06.2012)
Australia	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Australia - ECONOMIC OVERVIEW

Australia's abundant and diverse natural resources attract high levels of foreign investment and include extensive reserves of coal, iron ore, copper, gold, natural gas, uranium, and renewable energy sources. A series of major investments, such as the US$40 billion Gorgon Liquid Natural Gas project, will significantly expand the resources sector. Australia also has a large services sector and is a significant exporter of natural resources, energy, and food. Key tenets of Australia''s trade policy include support for open trade and the successful culmination of the Doha Round of multilateral trade negotiations, particularly for agriculture and services. The Australian economy grew for 17 consecutive years before the global financial crisis. Subsequently, the former RUDD government introduced a fiscal stimulus package worth over US$50 billion to offset the effect of the slowing world economy, while the Reserve Bank of Australia cut interest rates to historic lows. These policies - and continued demand for commodities, especially from China - helped the Australian economy rebound after just one quarter of negative growth. The economy grew by 1.4% during 2009 - the best performance in the OECD - by 2.7% in 2010, and by 1.8% in 2011. Unemployment, originally expected to reach 8-10%, peaked at 5.7% in late 2009 and fell to 5.0% in 2011. As a result of an improved economy, the budget deficit is expected to peak below 4.2% of GDP and the government could return to budget surpluses as early as 2015. Australia was one of the first advanced economies to raise interest rates, with seven rate hikes between October 2009 and November 2010. The GILLARD government is focused on raising Australia''s economic productivity to ensure the sustainability of growth, and continues to manage the symbiotic, but sometimes tense, economic relationship with China. Australia is engaged in the Trans-Pacific Partnership talks and ongoing free trade agreement negotiations with China, Japan, and Korea.

Source : CIA

IDENTIFICATION DETAILS

Verified Address

Subject name : ACT-GLOBAL PTY LTD

Business address : 7 Castle Street

Town : North Beach

Province : Western Australia

Zip/postal code : 6020

Country Australia

Tel : +61 8 92036588

Fax : +61 8 92463412

Email : info@act-global.com.au

Website : www.act-global.com.au

Registered address : C/o ABBOTT'S PTY LTD

813 Wellington Street

Town : West Perth

Province : Western Australia

Zip/postal code : 6005

Country : Australia

Postal address : P.O. Box 2444

Town : Malaga

Province : Western Australia

Zip/postal code : 6944

Country : Australia

Comments : The Subject does not operate from a physical office in Australia and all

correspondence is conducted through the Subject’s director residential premises

verified above.

SUMMARY DETAILS

Executive Summary

Date founded or registered : 11/06/2009

Legal form : Australian Proprietary Company

Chief executive : Giangregorio Massarotto

Issued & paid up capital : AUD 2

Line of business : Import & distribution of conveyor products.

Staff employed : Mr. Giangregorio Massarotto is the only director and employee of the Subject

Company Analysis

Country risk : Country risk is minimal

Operation trend : Operational trend is in start-up phase

Management experience : Management is modestly experienced

Financial performance : Financial performance is undetermined

Organization structure : Organizational structure is acceptable

Detrimental : No detrimental found

Payment history : No payment delays noted

Credit amount suggestion : USD 17,000

Credit amount asked : USD 200,000

Comments : It is advisable to conduct business dealing on prepayment or L/C basis for larger credit transaction than suggested.

STATUTORY DETAILS

Registry Data

Registration date : 11/06/2009

Legal form : Australian Proprietary Company

Registration no Australia Company Number : 137601328

Registered authority : Australian Securities and Investments Commission

Fiscal/ Tax no : Australian Business Number: 75293833532

Registry status : Live/Active

Previous name : None reported.

Change of legal form : None reported.

MANAGEMENT / DIRECTORS

Key Management

Name : Giangregorio Massarotto

Designation : Managing Director

BOARD OF DIRECTORS/ OTHER APPOINTMENTS

Appointments

Name : Giangregorio Massarotto

Designation : Director and Company Secretary

Appointment date : 11/06/09

Address : 7 Castle Street

North Beach, WA 6020

Australia

Biography : Born on 04-12-1950 in Sydney, New South Wales, Australia.

Staff employed : Mr. Giangregorio Massarotto is the only director and employee of the Subject

SHARE CAPITAL

Composition

Authorized Capital : AUD 2

No of shares : 2 Ordinary Shares

Share par value : AUD 1

Issued capital : AUD 2

Paid up capital : AUD 2

OWNERSHIP / SHAREHOLDERS

How listed : Full List

Composition

Shareholder name : Angela Massarotto

Address : 7 Castle Street

North Beach, WA 6020

Australia

No. of shares : 2 Ordinary Shares

% of shares : 100%

RELATED COMPANIES & CORPORATE AFFILIATIONS

Structure

Name : PENTAGON HOLDINGS PTY LTD

Affiliation type : Associate

Address : 7 Castle Street

North Beach, WA 6020

Australia

BANK & MORTGAGES

Bank Details

Name of bank : Bankwest

Address : Australia

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 : None reported.

Tax liens : None reported.

Others : None reported.

FINANCIAL DATA

Description

Comments : The representative contacted Mr. Giangregorio Massarotto declined to provide any financial information until the inquiring party details are revealed.

The Subject is classified as a small proprietary company by the Australian Securities & Investments Commission hence is not required to disclose their financial statement.

A proprietary company is defined as small for a financial year if it satisfies at least

two of the following:

- The consolidated revenue for the financial year of the company and any entities

it controls is less than $25 million;

-The value of the consolidated gross assets at the end of the financial year of the

company and any entities it controls is less than $12.5 million, and

-The company and any entities it controls have fewer than 50 employees at the

end of the financial year.

OPERATION DETAILS

Main activities : The Subject is engaged in import & distribution of conveyor products to the mining and bulk material handling industries.

Product & services : - Conveyor products: Conveyor belts, conveyor drives, conveyor idlers,

conveyor pulleys, weightometers, monitoring equipment

- Presses

- Maintenance services

Brand : Lorbrand

Mossier

Core Conveyor Technologies

MS Conveyor

Intelli-Weigh

Purchases

International : South Africa, China, Taiwan

Sales

Local : Yes

International : None reported.

Property & Assets

Premises : The Subject operates from residential premises located at the verified heading

address consisting of an administrative office.

Branches : None reported.

SUMMARIZED COUNTRY RISK

Gross Domestic Products (GDP) & Economic Overview

Central bank : Reserve Bank of Australia

Reserve of foreign exchange & gold : US$ 43.879 billion

Gross domestic product - GDP : US$ 1.586 trillion

GPP (Purchasing power parity) : 954.296 billion of International dollars

GDP per capita - current prices : US$ 68,916

GDP - composition by sector : agriculture: 4%

Industry : 25.6%

services: 70.4%

Inflation : 2009: 1.8%

2010: 2.8%

2011: 3.4%

Unemployment rate : 2009: 5.6%

2010: 5.2%

2011: 5.1%

Public debt

(General Government gross debt as

a % GDP) : 2009: 16.9%

2010: 20.4%

2011: 22.9%

Government bond ratings : Standard & Poor's: AAA/Stable/A-1+

Moody's rating : Aaa

Moody's outlook : STA

Market value of publicly traded shares : US$1.258 trillion

Largest companies in the country : Commonwealth Bank (Banking), BHP Billiton (Materials),

Westpac Banking Group (Banking), Rio Tinto (Materials), National Australia Bank (Banking), ANZ Banking (Banking), Telstra (Telecommunications)

Trade & Competitiveness Overview

Total exports : US$210.7 billion

Exports commodities : Coal, iron ore, gold, meat, wool, alumina, wheat

Total imports : US$187.2 billion

Imports commodities : Machinery and transport equipment, computers and office

machines, telecommunication equipment and parts, crude oil and petroleum products

Export - major partners : Japan 18.9%, China 14.2%, South Korea 8%, US 6%, NZ 5.6%, India 5.5%, UK 4.2%

Import - major partners : China 15.5%, US 12.8%, Japan 9.6%, Singapore 5.6%, Germany 5.2%, UK 4.3%, Thailand 4.2%

FDI Inflows : 2008: US$46,843 million

2009: US$25,716 million

2010: US$32,472 million

FDI Outflows : 2008: US$33,604 million

2009: US$16,160 million

2010: US$26,431 million

Best countries for doing business : 10 out of 183 countries

Global competitiveness ranking : 20 (ranking by country on a basis of 142, the first is the best)

Country and Population Overview

Total population : 22.23 million

Total area : 7,692,024 km2

Capital : Canberra

Currency : Australian dollars (AUD)

Internet users as % of total

Population : 76%

PAYMENT HISTORY

Purchase Term

International : Prepayment, Telegraphic transfer, Credit 30-60 days

Sales Term

Local : Prepayment, Bank transfer, Credit 30-60 days

Trade Reference/ Payment Behaviour

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 : Interviews and material provided by the Subject

: Other official and local business sources

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.20
UK Pound	1	Rs.86.99
Euro	1	Rs.70.22

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.