MIRA INFORM REPORT

Report Date :

02.02.2012

IDENTIFICATION DETAILS

Name :	DSM NUTRITIONAL PRODUCTS ASIA PACIFIC

Registered Office :	2 Havelock Road #04-01 Singapore 059763

Country :	Singapore

Date of Incorporation :	01.06.2011

Com. Reg. No.:	53192777J

Legal Form :	Sole Proprietorship

Line of Business :	Manufacturer of Food Products Nec & Wholesale-Vitamins, Carotenoids & Other Fine Chemicals

No. of Employees :	Not Available

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 40,000
Status :	New company
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:	DSM NUTRITIONAL PRODUCTS ASIA PACIFIC
Supplied Name:	DSM NUTRITIONAL PRODUCTS ASIA PACIFIC (53192777J)
Trading Address:	2 Havelock Road #04-01, Singapore 059763
Supplied Address:	Asia Pacific 2, Havelock Road #04-01 Singapore
Telephone Number:	+65-6632-6500
Fax Number:	+65-6632-6600
E-mail:	marketing.dnpap@dsm.com

Notes: Subject’s exact name and address are as above.

Credit Summary

Credit Rating:	Maximum credit USD 40,000
Credit Opinion:	Business connections are permissible.

Company Identification Details

Registered Name:	DSM NUTRITIONAL PRODUCTS ASIA PACIFIC
Registered Address:	2 Havelock Road #04-01 Singapore 059763
Commencement Date	2011-6-1
Date of Registration::	2011-6-1
Registered Number:	53192777J
Renewal Date	--
Expiry Date	2012-6-1
Registered Capital:	N/A
Legal Form:	Sole Proprietorship
Principal Activities:	10765--Mfy-Food Products Nec & Wholesale-Vitamins, Carotenoids & Other Fine Chemicals
Staff:	N/A
Status:	Live
Listed at Stock Exchange:	No
Date of Last Annual Return:	--

Notes: The staff number is not available from subject or other sources and it is not required for Sole Proprietorship to register capital.

History

Subject was incorporated on 2011-6-1 with registered number 53192777J as Sole Proprietorship in Singapore.

Owner

Major Shareholder Information:

Name:	DSM SINGAPORE INDUSTRIAL PTE. LTD.
ID Number:	199100649D
Address:	1 Marina BoulevarD #28-00 One Marina Boulevard Singapore 018989
Nationality:	Singapore, Rep Of
Date of Entry:	2011-6-1

Subsidiaries & Branches

Related Companies

DSM Nutritional Products Ltd.
Wurmisweg 576 4303 Kaiseraugst Switzerland Postal address P.O. Box 2676 Building 241 4002 Basel Switzerland

Phone: +41 61 815 8888
Fax: +41 61 815 8880

D SM Nutritional Products Australia Pty Limited
41 Edison Road, Wagga Wagga NSW 2650, Australia
Phone : +61 2 6922 7015
Fax : +61 2 6922 7381

DSM Nutritional Products India Pvt. Ltd.

Windsor House, 401 Fourth Floor, CST Road, Kalina, Santa Cruz (E), Mumbai 400 098 India
Tel.: + 91 22 4034 9100 / 101
Fax: + 91 22 4034 9199

PT DSM Nutritional Products Indonesia

Arkadia Office Park Tower B 10th Floor, Jl. Let Jend T.B. Simatupang Kav 88, Jakarta 12520, Indonesia

Tel. +62 (0)21 78833456
Fax +62 (0)21 7804188

DSM Nutrition Japan K.K.
Shiba Park Front Tower, 2 - 6 - 3 , Shiba Park, Minato-ku, Tokyo 105 – 0011

Phone:+ 81 - 3 - 5425 - 3759 ( RA direct )
Fax:+ 81- 3- 5425 – 3775

DSM Nutrition Korea Ltd
6th Floor, Daemyung Bldg, 812-16, Bangbaedong, Seocho-ku, Seoul, South Korea 137-060

Tel.: +82 (2) 3443 7181
Fax: +82 (2) 3443 7186

DSM Nutritional Products Malaysia Sdn Bhd
Office Suite 19-9-1, Level 9, UOA Centre, 19 Jalan Pinang 50450 Kuala Lumpur

Tel.: +60 (203) 2162 7979
Fax: +60 (203) 263 4842

DSM Nutritional Products
PO Box 4089, Highfield, Timaru 7942, New Zealand

DSM Nutritional Products
331 Fairview Rd, RD 2, Timaru 7972, New Zealand

Tel: (within NZ) 0800 954 512
Tel: +64 21 954 512
Fax: (within NZ) 0800 449 710

DSM Nutritional Products Philippines Inc.
Unit 1803 One Global Place, 5th Avenue corner 25th Street
Bonifacio Global City, 1634 Taguig, Metro Manila
Tel.: +632 553 6506
Fax: +632 553 0703

DSM Singapore Industrial Pte. Ltd.,

2 Havelock Road #04-01, Singapore 059763

Tel: +65-6632-6500
Fax : +65-6632-6600

DSM Nutritional Products Taiwan Ltd.
12/F, No. 126 Nanking East Road, Section 4, Taipei 105

Tel.: +886 (2) 2570 6528
Fax: +886 (2) 2570 6337

Rovithai Ltd
17/1 Maleenont Tower, 3199 Rama IV Road, Klongton, Klongtoey, Bangkok 10110

Tel.: +66 (0) 2264 9800
Fax: +66 (0) 2264 9844, 2264 9899

DSM Nutritional Products Vietnam Ltd.
26 Dai Lo Doc Lap, Vietnam - Singapore Industrial Park, Thuan An District, Binh Duong Province, Vietnam

Tel.: +84-650-3758-432
Fax: +84-650-3758-442

DSM (China) Limited
No. 476, Li Bing Road, Zhangjiang High-Tech Park, Pudong Area, Shanghai 201203, P.R. of China

Tel: +86 21 6141 8188
Fax: +86 21 6141 8088

DSM Nutritional Products Europe Ltd
PO Box 2676, CH-4002 Basel, Switzerland

Tel.: +41 61 815 7777
Fax: +41 61 815 7770

DSM Nutritional Products A/S

Visiting and postal address, Kirkebjerg Allé 88, 1, 2605 Brøndby, Denmark

Tel: +45 43 20 89 89
Fax: +45 43 20 89 90

DSM Nutritional Products France SAS

Le Véronèse, 19/21 avenue dubonnet, 92400 Courbevoie, France

Tel.: +33 1 46 43 59 00
Fax: +33 1 46 43 59 05

DSM Nutritional Products Europe Ltd
Peter Merian Haus, Peter Merian-Strasse 80, 4052 Basel, Switzerland

Tel. : +41 61 815 7777
Fax : +41 61 815 7770

DSM Nutritional Products Hellas Ltd.
14 Paradissou & 1 Patroklou str., 15125 Maroussi, Greece

Tel.: +30 210 8774000
Fax: +30 210 6850620

DSM Nutritional Products Hungary Kft.

Japán fasor 4, Pf. 1, 2367 Újhartyán, Hungary

Tel.: +36 29 57 24 00
Fax: +36 29 57 24 51

DSM Nutritional Products
Istituto delle Vitamine S.p.A.

Visiting and postal address, Via Giuseppe di Vittorio snc, 20090 Segrate, Italy

Tel.: +39 2 21 64 1
Fax: +39 2 21 64 77

DSM Nutritional Products Sp. z o.o.
Ul. Tarczynska 113, 96-320 Mszczonów, Poland

Tel.: +48 46 857 3131
Fax: +48 46 857 3130

DSM Nutritional Products Europe Ltd
PO Box 2676, CH-4002 Basel, Switzerland

Tel.: +41 61 815 7777
Fax: +41 61 815 7770

DSM Nutritional Products South Africa (Pty) Ltd

16 Brewery Street, 1609 Isando, South Africa

Tel.: +27 11 398 6900
Fax: +27 11 392 5808

DSM Nutritional Products Iberia S.A.
C/ Honduras, parcela 26, Pol. Ind. El Descubrimiento, ES-28806 Alcalá de Henares, Madrid

Tel.: +34 911 045 500
Fax: +34 911 045 501

DSM Nutritional Products Europe AG

Peter Merian Haus, Peter Merian-Strasse 80, 4052 Basel, Switzerland

Tel.: +41 61 815 7777
Fax: +41 61 815 7770

DSM Besin Maddeleri Ltd. Sti.

Rüzgarlιbahçe Mah. Kavak Sok. No.12 Kat:3, 34810 Kavacιk - Beykoz / Istanbul, Turkey

Tel.: +90 216 538 66 66
Fax: +90 216 322 82 34

DSM Nutritional Products Europe Ltd
PO Box 2676, CH-4002 Basel, Switzerland

Tel.: +41 61 68 71777
Fax: +41 61 68 72082

DSM Nutritional Products (UK) Ltd

Delves Road, Heanor Gate, Heanor, Derbyshire, DE75 7SG, England

Tel.: +44 1773 536 500
Fax: +44 1773 536 600

DSM Nutritional Products, LCC
45 Waterview Boulevard, Parsippany, NJ 07054-1298

Tel.: +1 800 526 0189
Fax: +1 973 257 8420

DSM Nutritional Products Canada Inc.
395 Waydom Drive, Ayr, Ontario N0B 1E0, Canada
Phone: +1 (519) 622 2200
Fax: +1 (519) 623 4849

DSM Nutritional Products Argentina S.A.
Lavoisier 3925 - Tortuguitas ( Ruta Panamericana -Acceso Pilar Km. 35,5) CP: B1667AQC - Pcia. de Bs As - Argentina

Tel.: +54 (0) 3327 448600
Fax: +54 (0) 3327 448614

DSM Produtos Nutricionais Brasil Ltda
Av. Eng. Billings 1729-Predio 31, Jaguaré, 05321-900 São Paulo SP

Tel.: +55 11 3760-6300
Fax: +55 11 3760-6492

DSM Nutritional Products Chile S.A.
Loteo los Cantaros, Parcela nr.1, Ruta 5 Sur km. 1010, Puerto Varas

Tel.: +56 (65) 385 300
Fax: +56 (65) 385 301

DSM Nutritional Products Colombia S.A.
Km. 2.4 Vía Briceño – Zipaquirá, costado derecho, Parque Industrial Tibitoc Lote 41B y 42B, Tocancipá, Cundinamarca

Tel.: +57 (1) 587 3540
Fax: +57 (1) 587 3545

DSM Nutritional Products Costa Rica S.A.
Parque Industrial Zeta, Santa Rosa, Santo Domingo Heredia, San José

Tel.: +506 261 5502

DSM Nutritional Products Dominicana S.A.
Socorro Sanchez 253, Apartado Postal 1182, Santo Domingo, For commercial contacts:

DSM Nutritional Products Costa Rica S.A.
Tel.: +506 261 5502

DSM Nutritional Products Ecuador S.A.
Vía Sangolquí-Amaguaña S/N Km. 5 1/2, Quito-Sangolquí, Cantón Rumiñahui

Tel.: +593 (2) 2994600 or (2) 2994611
Fax: +593 (2) 2994617

DSM Nutritional Products Ecuador S.A.
Cdla Nueva Kennedy, Calle Luis Orrantia y Nahin Isaias, Edificio San Pedro, 5to. Piso, Guayaquil

Tel.: +593 (4) 2683389 or (4) 683390
Fax: +593 (4) 2683389

DSM Nutritional Products Guatemala, S.A.
16 Avenida 3-90, Zona 4, Carretera Al Mayan, Golf, Villa Nueva,

Tel.: +502 6636 0607
Fax: +502 6631 0114

DSM Nutritional Products Guatemala, S.A.
16 Avenida 3-90, Zona 4, Carretera Al Mayan, Golf, Villa Nueva

Tel.: +502 6636 0607
Fax: +502 6631 0114

DSM Nutritional Products Costa Rica S.A.
Casilla de Correo 2222-1000, San José, Costa Rica

Tel.: +506 261 5502
Fax: +506 237 3273

DSM Nutritional Products Peru S.A.
Av. Los Frutales 245. Ate., Lima Peru

Tel.: +51 (1) 618 6700
Fax: +51 (1) 618 6705

DSM Nutritional Products Uruguay S.A.
José MA. Guerra, 3779, 12000 Montevideo,

Tel.: +598 (2) 511 4556
Fax: +598 (2) 514 0359

DSM Nutritional Products Venezuela S.A.
Urb. San Vicente II, Calle A con Calle G, Galpones 9 y 10, Maracay, Edo. Aragua. Venezuela

Tel.: +58 243 237 2211 / 2377 / 2677 / 2739
Fax: +58 243 237 2077

Management Information

Core Management

Detailed Information of Management:

Name:	Pieter Jan Frederik Nuboer
ID Number:	S2743743E
Address:	55 Cove Drive, Turquoise Singapore 098395
Nationality:	Singapore P.R.
Date of Appointment:	2011-7-15

Operation Information

Offices & Factories

	Office
Address:	2 Havelock Road #04-01, Singapore 059763

Production Information

l Subject is a trader of nutritional products without production activities itself and it is introduced that subject’s group has production sites in China, Asia Pacific, Europe and America

Purchase Information

l Subject purchases mainly abroad from its related production sites in different areas.

Sales Information

l Subject is engaged in supplying of vitamins, carotenoids and other fine chemicals to the feed, food, pharmaceutical and personal care industries.

l Subject mainly deals with the marketing and distribution of the products in Singapore and other neighboring countries in Aisa, and it is introduced that subject’s has sales points around the world to deal with the local sales business.

Settlements

Purchase

Domestic Markets

Subject has little domestic purchase

Overseas Markets

Products	Payment Terms	Proportion
Nutritional Products, etc	Interior settlement, etc	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
Nutritional Products, etc	COD, CBD, etc	100%

Note:

Overseas Markets

Product	Sales Terms	Proportion
Nutritional Products, etc	CBD, etc	100%

Financial Information

We did not find any financial informaiton of subject from local registry and the only source from whcih we can obtain the relevant informaiton should be the subject itself.

Subject declined to disclose the financials citing the grounds of company's confidentiality, from other source we can not obtain the relevant information.

Bankers

Subject declined to disclose its bank details, from other source we can not obtain the relevant information.

Interview Details

Department:

Sales department

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.53
UK Pound	1	Rs.77.95
Euro	1	Rs.64.66

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.