MIRA INFORM REPORT

Report Date :

20.02.2012

IDENTIFICATION DETAILS

Name :	SIZER METALS PTE. LTD.
Registered Office :	190 Middle Road #19-05 Fortune Centre Singapore 188979
Country :	Singapore
Financials (as on) :	31.03.2011
Date of Incorporation :	09.06.2009
Com. Reg. No.:	200910378H
Legal Form :	Limited Private Company
Line of Business :	General Wholesale Trade (Including General Importers And Exporters)
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

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

Maximum Credit Limit :	S$31,000
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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
Singapore	A1	A1

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

Executive Summary

Company Name	:	SIZER METALS PTE. LTD.
Registration No	:	200910378H
Date of Registration	:	09/06/2009
Former Name	:	NA
Date of Change of Name	:	NA
Type of Company	:	LIMITED PRIVATE COMPANY
Registered Address	:	190 MIDDLE ROAD #19-05 FORTUNE CENTRE SINGAPORE 188979
Date of Change of Address	:	09/06/2009
Contact No.	:	NA
Fax No.	:	NA
Website	:	NA
Registered Activities	:	GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS) IMPORT & EXPORT OF NON-FERROUS BASE METALS AND FERRO ALLOYS
Issued Ordinary Capital*	:	$27,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 27,000 $350,000.00 U.S. DOLLAR ,NO. OF SHARE : 350,000
Issued Preference Capital	:	NA
Paid-Up Ordinary Capital	:	$350,000.00 U.S. DOLLAR $27,000.00 SINGAPORE, DOLLARS
Paid-Up Preference Capital	:	NA
* Number of Shares includes number of Issued Treasury Shares
Issued Treasury Capital	:	NA
Paid-Up Treasury Capital	:	NA
No. of Local Subsidiaries	:	NA
No. of Local Associates	:	NA
Auditor	:	AKBER ALI & CO
Bankers / Financiers	:	UNION BANK OF INDIA, NULL BAZAR BRANCH
Turnover	:	SINGAPORE, DOLLARS 27,391,764.91 (FY2011)
Net Worth	:	SINGAPORE, DOLLARS 617,227.84 (FY2011)
No. of Bank Charges	:	2
No. of Litigation Suits	:	NA
S1000 / SME 500 / FG50 Ranking	:	No found for SINGAPORE 1000 and SME 1000
Compounded Annual Growth Rate (CAGR)	:	NA

Credit Rating & Recommendation

Recommended Credit Line

:

S$31,000

SHAREHOLDER DETAILS

NAME	:	SIZER METALS PRIVATE LIMITED
SHAREHOLDER ID	:	T10UF0640E
NATIONALITY	:	INDIA
ADDRESS	:	15/17 YAQOOB STREET, MOHAMMEDI MANZIL, NEAR J.J. HOSPITAL, MUMBAI 400003
NO. OF ORD SHARES	:	26,999 350,000
% OF SHAREHOLDING	:	7.2% 92.8%
CURRENCY	:	SINGAPORE, DOLLARSU.S. DOLLAR
NAME	:	TAMBAWALA ABIZER SHABBIR
SHAREHOLDER ID	:	Z2027510
NATIONALITY	:	INDIAN
ADDRESS	:	1901-TIVOLI, CENTRAL AVENUE, HIRANANDANI GARDENS POWAI, MUMBAI - 400076
NO. OF ORD SHARES	:	1
% OF SHAREHOLDING	:	0%
CURRENCY	:	SINGAPORE, DOLLARS

OFFICER DETAILS

NAME	:	TAMBAWALA SHABBIR ABDUL HUSAIN
ADDRESS	:	204-A MEENA APTS, MATHAR PAKHDI ROAD, MAZGAON MUMBAI 10, MS
POSITION	:	DIRECTOR
DATE OF APPT	:	06/04/2010
NATIONALITY	:	INDIAN
I/C PASSPORT	:	E8157399
NAME	:	LEE LAY CHING LORRAINE
ADDRESS	:	251 KIM KEAT LINK #08-117 SINGAPORE 310251
POSITION	:	SECRETARY
DATE OF APPT	:	09/06/2009
NATIONALITY	:	SINGAPORE CITIZEN
I/C PASSPORT	:	S1794045G
NAME	:	BAJI ASIF HAKIMUDDIN
ADDRESS	:	22 EUNOS CRESCENT #11-3011 SINGAPORE 400022
POSITION	:	DIRECTOR
DATE OF APPT	:	09/06/2009
NATIONALITY	:	SINGAPORE CITIZEN
I/C PASSPORT	:	S2657522B
NAME	:	TAMBAWALA ABIZER SHABBIR
ADDRESS	:	1901-TIVOLI, CENTRAL AVENUE, HIRANANDANI GARDENS POWAI, MUMBAI - 400076
POSITION	:	DIRECTOR
DATE OF APPT	:	09/06/2009
NATIONALITY	:	INDIAN
I/C PASSPORT	:	Z2027510
NAME	:	THAKUR DISHA JAGDISH
ADDRESS	:	2703 HERITAGE CLIFF AVENUE, HIRANANDANI GARDENS POWAI, MUMBAI 400076, INDIA
POSITION	:	DIRECTOR
DATE OF APPT	:	24/06/2011
NATIONALITY	:	INDIAN
I/C PASSPORT	:	Z2175604

KEY PERSONNEL PROFILE

Name:	TAMBAWALA ABIZER SHABBIR
NRIC Number:	Z2027510
Available Address:	1901-TIVOLI, CENTRAL AVENUE, HIRANANDANI GARDENS POWAI, MUMBAI - 400076

Current Business Interest

No.	Name	Position	Appt Date	#of Share	%
1	SIZER METALS PTE. LTD.	DIRECTOR	09/06/2009	1	0.00

Previous Business

No.	Name	Status	Position	Appt Date	Last Known Inactive Date
No Trace

Bankruptcy Record

Case No.	Year	Date of Filing	Petitioner Name	Amount
No Trace

Litigation Search – Writ of Summons

Court	Case No.	Year	Date of Filing	Amount	Cause Category
No Trace

SUBSIDIARIES AND ASSOCIATE COMPANIES

Company	Shareholdings (%)
NA

BANKERS/ FINANCIERS

Subject enjoys a normal banking routine with its bankers. To date, there have been 2 bank charges registered against Subject by its bankers. The charge numbers are:

1)	Charge No.	:	C201105912
	Date of Registration	:	16/05/2011
	Chargee	:	UNION BANK OF INDIA, NULL BAZAR BRANCH
	Amount Secured and Currency	:	All Monies
	Address	:	---
2)	Charge No.	:	C201105910
	Date of Registration	:	16/05/2011
	Chargee	:	UNION BANK OF INDIA, NULL BAZAR BRANCH
	Amount Secured and Currency	:	All Monies
	Address	:	---

LITIGATION

Clear

COMPLIANCE RECORDS

Date of Last AGM	:	05/08/2011
Date of Last AR	:	24/08/2011
Date of A/C Laid At Last AGM	:	31/03/2011

FINANCIAL HIGHLIGHTS

Financial Figures	Company
	MAR 2011	% Change	MAR 2010
Currency	SINGAPORE, DOLLARS		SINGAPORE, DOLLARS
Profit and Loss Key Figures
Turnover	27,391,765	NA	0
Profit/(Loss) Before Tax	139,776	NA	(1,756)
Profit After Tax attributable to Shareholders	128,459	NA	(1,756)
Balance Sheet Key Figures
Total Assets	3,285,969	10,903.48	29,863
Current Assets	3,285,969	10,903.48	29,863
Non Current Assets	0	NA	0
Total Liabilities	2,668,741	57,677.46	4,619
Current Liabilities	2,668,741	57,677.46	4,619
Non Current Liabilities	0	NA	0
Shareholders' Funds	617,228	2,345.05	25,244
Share Capital	490,437	1,716.43	27,000
Total Reserves	126,791	NA	(1,756)

FINANCIAL RATIOS

	Company
	MAR 2011	MAR 2010
Growth %
Year-on-Year Growth	NA	NA
Profitability
Profit Margin (%)	0.47	0.00
Return on Equity (%)	20.81	-6.96
Return on Assets (%)	3.91	-5.88
Leverage
Total Debt/Equity (Times)	4.32	0.18
Current Debt/Equity (Times)	4.32	0.18
Long Term Debt To Equity (Times)	0.00	0.00
Total Asset To Total Equity (Times)	5.32	1.18
Asset Management
Total Assets Turnover (Times)	8.34	0.00
Fixed Assets Turnover (Times)	0.00	0.00
Liquidity
Current Ratio (Times)	1.23	6.47

FINANCIAL COMMENTARY

Profitability

The company yielded a rate of net profit on sales of 0.47 per cent in FY11. The company is now able to book in SINGAPORE, DOLLARS 0.00 of profit for every SINGAPORE, DOLLARS of sales.

Liquidity

Current ratio stood at 1.23 times in FY11 (FY10: 6.47 times). This means that the company has SINGAPORE, DOLLARS 1.23 of current assets for every SINGAPORE, DOLLARS of current liability incurred.

A minimum figure of 1.0 would be considered the lowest limit that this figure should reach. Any business that has a current ratio near 1.0 may be heading for liquidity problems, and would need to be closely monitored. A figure greater than 2.0 would be more desirable, to act as a buffer against any short-term liquidity problems, and give creditors/bank managers a degree of comfort when granting credit/finance.

FINANCIAL COMMENTARY

Leverage

Total debt-to-equity ratio notched 4.32 times in FY11, compared with 0.18 times in FY10. This means that the company requires additional external financing of SINGAPORE, DOLLARS 4.32 for every SINGAPORE, DOLLARS injected into its operations.

Generally, a total debt-to-equity ratio of less than 0.5 times is preferred. The ratio measures the proportion of the company's reliance on external debt for financing, relative to the shareholder's fund. A lower ratio would imply a greater financial safety and operating freedom for the company.

Efficiency Ratio

Return on equity was 20.81 per cent for Subject in the current financial period. The return on equity measures the return earned on the owner's investment. Generally, the higher this return, the better off the owner.

Return on assets stood at 3.91 per cent. The return on asset measures the overall effectiveness of management in generating profit with its available assets.

Total assets turnover ratio logged at 8.34 times in FY11. This ratio measures the company's ability to make productive use of its total assets to generate sales which reflects the efficiency of the management in utilising its resources.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.21
UK Pound	1	Rs.77.75
Euro	1	Rs.64.58

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.