MIRA INFORM REPORT

Report Date :

05.01.2012

IDENTIFICATION DETAILS

Name :	HUNDRED SMILES PTE. LTD.

Registered Office :	100 Haig Road #07-01 Dunman View Singapore 438797

Country :	Singapore

Date of Incorporation :	07.09.2006

Com. Reg. No.:	200613126M

Legal Form :	Limited Exempt Private Company

Line of Business :	General wholesale trade (including general importers and exporters.

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 10,000

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^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 point

Company Name:	Hundred Smiles Pte. Ltd.
Supplied Name:	Hundred Smiles Pte Ltd.
Trading Address:	No. 100 Hang Rd # 07 01 Dunman View Tower 2 Singapore 438797, Singapore
Supplied Address:	No. 100 Hang Rd # 07 01 Dunman View Tower 2 Singapore 438797, SG
Telephone Number:	+65- 6844-4615

Credit Summary

Credit Rating:	Maximum credit USD 10,000
Credit Opinion:	Business connections are permissible.

Special Note

According to the supplied name and address, we obtain the telephone number of subject (+65- 6844-4615), and a madam of the subject confirmed the name and the address of subject, but she declined to disclose other detail information about subject unless we can disclose the name of our customer.

The registration files show that subject is engaged in wholesaling on a fee or contract basis (eg commission agents), since we did not get in touch with subject, we can not confirm the information.

We found subject’s registration information as follows for reference.

Company Identification Details

Registered Name:	Hundred Smiles Pte. Ltd.
Registered Address:	100 Haig Road #07-01 Dunman View Singapore 438797, Singapore
Date of Registration::	2006-9-7
Registered Number:	200613126M
Country of Incorporation:	Singapore
Registered Capital:	SGD 3.00 (USD 2.48756) USD250,000.00 (As of 2011.08, 1 SGD = 0.82919 USD)
Legal Form:	Limited Exempt Private Company
Principal Activities:	46900 General wholesale trade (including general importers and exporters. 46100 Wholesale on a fee or contract basis (eg commission agents)
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No.
Date of Last Annual Return:	2011-3-2

Note:

The staff number is not available from the subject or other sources.

History

Subject was incorporated on 2006-9-7 with registered number 200613126M as Limited Exempt Private Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
TIN MAUNG SOE	2	66.66%
PYONE PYONE AUNG	1	33.33%
Total	3	--
Unit: USD
TIN MAUNG SOE	200,000	80%
PYONE PYONE AUNG	50,000	20%
Total	250,000	100%

Major Shareholder Information:

1
Name:	TIN MAUNG SOE
ID Number:	S2759716E
Address:	100 Haig Road #07-01 Dunman View Singapore 438797
2
Name:	PYONE PYONE AUNG
ID Number:	S6966928Z
Address:	100 Haig Road #07-01 Dunman View Singapore 438797

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:	TIN MAUNG SOE
Position:	Director
ID Number:	S2759716E
Address:	100 Haig Road #07-01 Dunman View Singapore 438797
Nationality:	Singapore P.R.
Date of Appointment:	2006-9-7
2
Name:	PYONE PYONE AUNG
Position:	Director
ID Number:	S6966928Z
Address:	100 Haig Road #07-01 Dunman View Singapore 438797
Nationality:	Singapore P.R.
Date of Appointment:	2006-9-7
3
Name:	PYONE PYONE AUNG
Position:	Secretary
ID Number:	S6966928Z
Address:	100 Haig Road #07-01 Dunman View Singapore 438797
Nationality:	Singapore P.R.
Date of Appointment:	2006-9-7

Operation Information

Offices & Factories

	Office
Address:	100 Haig Road #07-01 Dunman View Singapore 438797, Singapore

Operation Information

We contacted the subject unsuccessfully.

We obtained the registered activities of the subject as follows for reference.

Business Code	Details
46900	General wholesale trade (including general importers and exporters.
46100	Wholesale on a fee or contract basis (eg commission agents)

Settlements

We couldn’t contact the subject successfully, and the settlement information is not available from the subject or other sources.

Financial Information

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore and the only source from which we can obtain the information is the subject itself.

And subject’s staff declined to disclose any financial information of subject.

Bankers

The bankers’ information is not available from the subject or other sources.

Auditors

Name:

K. A. SEAH & CO

Public

Charges

Charge Number:	C201107844
Date of Registration:	29-06-2011
Name:	DBS BANK LTD.
Amount Secured:	All Monies

Interview Details

Note:

A madam of subject declined to disclose her name.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.14
UK Pound	1	Rs.83.08
Euro	1	Rs.69.25

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.