MIRA INFORM REPORT

Report Date :

23.02.2012

IDENTIFICATION DETAILS

Name :	SUNLIGHT MERCANTILE PTE. LTD.

Registered Office :	300 Beach Road #13-01 Concourse, The Singapore 199555

Country :	Singapore

Date of Incorporation :	26.12.1984

Com. Reg. No.:	198404381N

Legal Form :	Private Limited Liability Company

Line of Business :	Wholesale of Logs, Sawn Timber, Plywood and Related Products

No. of Employee:	More than 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

Maximum Credit Limit :	USD 30,000
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 – 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

Contact Points

Company Name:	Sunlight Mercantile Pte. Ltd.
Supplied Name:	Sunlight Mercantile Private Ltd
Trading Address:	300 Beach Road, #13-01 The Concourse Singapore - 199555, SG
Supplied Address:	300 Beach Road, #13-01 The Concourse Singapore - 199555, SG
Telephone Number:	+65-6722 6666
Fax Number:	+65-6722-6677

Credit Summary

Credit Rating:	Maximum credit USD 30,000
Credit Opinion:	Business connections are permissible.

Company Identification Details

Registered Name:	Sunlight Mercantile Pte. Ltd.
Registered Address:	300 Beach Road #13-01 Concourse, The Singapore 199555
Date of Registration::	1984-12-26
Registered Number:	198404381N
Country of Incorporation:	Singapore
Registered Capital:	SGD 3,300,000 (USD 2,745,600) (As of 2011.08, 1 SGD = 0.8320 USD)
Paid-up Capital:	SGD 3,300,000 (USD 2,745,600) = 3,300,000 Shares@1 SGD
Legal Form:	Private Limited Liability Company
Principal Activities:	Wholesale Of Logs, Sawn Timber, Plywood And Related Products
Staff:	More than 10 Employees
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2011-3-2

History

Subject was incorporated on 1984-12-26 with registered number 198404381N as Private Limited Liability Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Zulaihama Binte Meeramohiadeen Syed Thamby Jaffar	970,203	29.40%
Fazal Currim Bin Mansoor Sheriff	2,329,797	70.60 %
Total	3,300,000	100%

Major Shareholder Information:

1
Name:	Zulaihama Binte Meeramohiadeen Syed Thamby Jaffar
Value:	SGD 970,203
ID Number:	S1564167C
Address:	99 Meyer Road #15-03 Sovereign, The Singapore 437920
Nationality:	Singapore Citizen
2
Name:	Fazal Currim Bin Mansoor Sheriff
Value:	SGD 2,329,797
ID Number:	S2170011H
Address:	99 Meyer Road #15-03 Sovereign, The Singapore 437920
Nationality:	Singapore Citizen

Subsidiaries & Branches

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

Manage Information

Core Management

Detailed Information of Management:

1
Name:	Abdul Rab Bin Abdul Aziz
Position:	Director
ID Number:	S1288096J
Address:	104 Whampoa Drive #06-56 Singapore 323104
Nationality:	Singapore Citizen
Date of Appointment:	2002-10-15
2
Name:	Zulaihama Binte Meeramohiadeen Syed Thamby Jaffar
Position:	Secretary
ID Number:	S1564167C
Address:	99 Meyer Road #15-03 Sovereign, The Singapore 437920
Nationality:	Singapore Citizen
Date of Appointment:	1985-1-17
3
Name:	Fazal Currim Bin Mansoor Sheriff
Position:	Director
ID Number:	S2170011H
Address:	99 Meyer Road #15-03 Sovereign, The Singapore 437920
Nationality:	Singapore Citizen
Date of Appointment:	1984-12-26
4
Name:	Fazal Currim Bin Mansoor Sheriff
Position:	Managing Director
ID Number:	S2170011H
Address:	99 Meyer Road #15-03 Sovereign, The Singapore 437920
Nationality:	Singapore Citizen
Date of Appointment:	1985-1-17
5
Name:	Omar Currim S/O Fazal Currim
Position:	Director
ID Number:	S8121193J
Address:	99 Meyer Road #15-03 Sovereign, The Singapore 437920
Nationality:	Singapore Citizen
Date of Appointment:	2008-1-31

Personnel Structure

Total Employees

More than 10 Employees

Operation Information

Offices & Factories

	Office
Address:	300 Beach Road #13-01 Concourse, The Singapore 199555

Purchase

l The subject purchases Logs, Sawn Timber, Plywood and Related Products.

l The subject purchase from foreign markets.

Sales Information

l The subject is engaged in sales of Logs, Sawn Timber, Plywood and Related Products.

l The subject sells products around the world.

Settlements

Purchase

Domestic Markets

The subject seldom purchases from domestic markets.

Overseas Markets

Products	Payment Terms	Proportion
Logs, Sawn Timber, Plywood and Related Products	CBD, etc	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
Logs, Sawn Timber, Plywood and Related Products	CBD, etc	100%

Overseas Markets

Product	Sales Terms	Proportion
Logs, Sawn Timber, Plywood and Related Products	CBD, etc	100%

Financial Figures

Year	Sales
2010	About USD 30,000

Notes: The information is from introduction.

Bankers

Open Account Bank

Name:

DBS Bank

Auditors

Name:

Prudential Public Accounting Corporation

Public

Charges

Charge 1
Charge Number:	199805176
Date of Registration:	1998-10-9
Name:	Indian Bank
Amount Secured:	USD 60,000
Charge 2
Charge Number:	200204009
Date of Registration:	2002-7-1
Name:	Indian Bank
Amount Secured:	SGD 560,135
Charge 3
Charge Number:	C200401023
Date of Registration:	2004-3-4
Name:	DBS Bank Ltd.
Amount Secured:	All Monies
Charge 4
Charge Number:	C200501750
Date of Registration:	2005-3-28
Name:	Indian Bank
Amount Secured:	All Monies
Charge 5
Charge Number:	C200606472
Date of Registration:	2006-9-27
Name:	Indian Bank
Amount Secured:	All Monies
Charge 6
Charge Number:	C200606473
Date of Registration:	2006-9-27
Name:	Indian Bank
Amount Secured:	All Monies
Charge 7
Charge Number:	C200705457
Date of Registration:	2007-7-12
Name:	Oversea-Chinese Banking Corporation Limited
Amount Secured:	All Monies
Charge 8
Charge Number:	C200705458
Date of Registration:	2007-7-12
Name:	Oversea-Chinese Banking Corporation Limited
Amount Secured:	All Monies
Charge 9
Charge Number:	C200708311
Date of Registration:	2007-10-3
Name:	Indian Bank
Amount Secured:	All Monies

Interview Details

Name:

Fazal Currim Bin Mansoor Sheriff

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.24
UK Pound	1	Rs.76.75
Euro	1	Rs.65.16

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.