MIRA INFORM REPORT

Report Date :

04.02.2012

IDENTIFICATION DETAILS

Name :	TRANSASIA PACIFIC GGNR PTE. LTD.

Formerly Known As :	Gupta Global Natural Resources Pte. Ltd.

Registered Office :	9 Raffles Place #58-09 Republic Plaza Singapore 048619

Country :	Singapore

Financials (as on) :	31.12.2010

Date of Incorporation :	11.08.2009

Com. Reg. No.:	200914643E

Legal Form :	Private Limited Liability Company

Line of Business :	----

RATING & COMMENTS

MIRA’s Rating :

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 :	Unknown

Litigation :	----

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, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Singapore

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

Bottom of Form

Contact Points

Company Name:	Transasia Pacific Ggnr Pte. Ltd.
Supplied Name:	Transasia Pacific Ggnr Pte Ltd.
Supplied Address:	Level 58-09 Republic Plaza, 9 Rafles Place Singapore 048619

Credit Summary

Credit Opinion:

Since we did not get contact with subject, subject’s operation information is not confirmed, thus we did not give the credit rating at this stage.

Special Notes

We did not find any contact information of subject according to the supplied name or the supplied address.

Up to the date of reporting, we did not get contact with subject, if you kindly supply contact information of subject, we’d like to continue our investigation.

We found the registered information of subject from local registry, supplying as follows for reference.

Company Identification Details

Registered Name:	Transasia Pacific Ggnr Pte. Ltd.
Registered Address:	9 Raffles Place #58-09 Republic Plaza Singapore 048619
Date of Registration::	2009-8-11
Registered Number:	200914643E
Country of Incorporation:	Singapore
Registered Capital:	SGD 148,227 (USD 121,145.9271) (As of 2011.08, 1 SGD = 0.8173 USD)
Paid-up Capital:	SGD 148,227 (USD 121,145.9271) = 148,227 Shares@1 SGD
Legal Form:	Private Limited Liability Company
Staff:	4 Employees
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2010-10-29

Notes: We obtain the staff number of subject from public files which is not confirmed by subject.

History

Subject was incorporated on 2009-8-11 with registered number 200914643E as Private Limited Liability Company in Singapore.

Change of Name:

Date	Change
2009-8-11	Gupta Global Natural Resources Pte. Ltd.
2010-8-4	Transasia Pacific Ggnr Pte. Ltd.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Gupta Coal India Limited	148,227	100%
Total	148,227	100%

Major Shareholder Information:

1
Name:	Gupta Coal India Limited
Value:	SGD 148,227
ID Number:	T09UF2895E
Address:	7th Floor, Shriram Towers, S. V. Patel Marg, Kingsway, Nagpur - 440 001, India
Nationality:	India

Subsidiaries & Branches

Subject did not register 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:	Agarwalla Vikash
Position:	Director
ID Number:	G5058232P
Address:	5 Siglap Road #04-38 Mandarin Gardens Singapore 448908
Nationality:	Indian
Date of Appointment:	2011-5-12
2
Name:	Padmesh Deodutta Gupta
Position:	Director
ID Number:	G6766646
Address:	House No. 190, Hari Nikunj, Museum Road, Civil Lines, Nagpur - 440 001, India
Nationality:	Indian
Date of Appointment:	2009-8-11
3
Name:	Padmesh Deodutta Gupta
Position:	Managing Director
ID Number:	G6766646
Address:	House No. 190, Hari Nikunj, Museum Road, Civil Lines, Nagpur - 440 001, India
Nationality:	Indian
Date of Appointment:	2009-10-5
4
Name:	Loh Mei Ling
Position:	Secretary
ID Number:	S7379111A
Address:	5 Shenton Way #16-00 Uic Building Singapore 068808
Nationality:	Singapore P.R.
Date of Appointment:	2009-8-11

Financial Figures

Balance Sheet

Unit: SGD

	2010-12-31
Total Assets	13,210.00
Total Current Assets	13,210.00
Total Non-Current Assets f.k.a. [Fixed And Others]	0.00

Total Liabilities	22,314.00
Total Current Liabilities	22,314.00
Total Non-Current Liabilities	0.00
Total Equity f.k.a [Shareholder's Funds]	(9,104.00)
Paid-Up Capital	N.A.
Share Capital	250.00
Other Reserves, Total f.k.a. [Reserves]	0.00
Retained Earnings/(Accumulated Loss)	(9,354.00)

Profit/Loss Account

Unit: SGD

	2010
Revenue f.k.a [Sales Turnover And Other Operating Revenues]	0.00
Profit/(Loss) before Tax from Continuing Operations f.k.a [Profit/(Loss) before tax]	(9,354.00)
Profit/(Loss) after Tax from Continuing Operations f.k.a [Profit/(Loss) After Tax]	(9,354.00)
Net Income/(Loss) From Extraordinary And Non-Operating Items	N.A.
Profit/(Loss) After Tax and Extraordinary Items	N.A.

Financial Ratio

	2010
Earning Capacity
Rate of net profit on sales (%)	0.00
Return of investment (%)	(70.81)
Return of shareholder's funds	0.00
Total assets turnover (%)	0.00
Financial Stability
Current/working capital ratio (%)	0.59
Proprietary ratio (%)	(68.92)
Total debt to equity ratio (%)	168.92

Bankers

Open Account Bank

Name:

DBS Bank

Auditors

Name:

Nexia Ts Public Accounting Corporation

Public

Charges

No charges information was found.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.48.96
UK Pound	1	Rs.77.46
Euro	1	Rs.64.39

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.