MIRA INFORM REPORT

Report Date :

06.01.2012

IDENTIFICATION DETAILS

Name :	ISOMET (S) PTE LTD

Registered Office :	118 Aljunied Avenue 2 #04-102 Singapore 380118

Country :	Singapore

Date of Incorporation :	10.06.1993

Com. Reg. No.:	199303701R

Legal Form :	Limited Exempt Private Company

Line of Business :	General Wholesale Trade (Including General Importers and Exporters)

No. of Employees :	6

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 :	Small 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:	Isomet (S) Pte Ltd
Supplied Name:	Isomet (S) Pte Ltd.
Trading Address:	11 Collyer Quay Hex 14-02, The Arcade, Singapore
Supplied Address:	11 Collyer Quay Hex 14-02, The Arcade, Singapore
Telephone Number:	+65-6226-0303
E-mail:	isomet@singnet.com.sg

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:	Isomet (S) Pte Ltd
Registered Address:	118 Aljunied Avenue 2 #04-102 Singapore 380118
Date of Registration::	1993-6-10
Registered Number:	199303701R
Country of Incorporation:	Singapore
Registered Capital:	SGD 225,000 (USD 174,173) (As of 2012.01, 1 SGD = 0.7741 USD)
Paid-up Capital:	SGD 225,000 (USD 174,173) = 225,000 Shares@1 SGD
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:	5~6 Employees
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2011-10-22

History

Subject was incorporated on 1993-6-10 with registered number 199303701R as Limited Exempt Private Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Young Phui Yeow	1	--
Lee Leng Loke	224,999	100%
Total	225,000	100%

Major Shareholder Information:

1
Name:	Young Phui Yeow
ID Number:	S0978955C
Address:	350 Yishun Avenue 11 #09-227 Singapore 760350
2
Name:	Lee Leng Loke
ID Number:	S1231455H
Address:	72 Seletar Terrace Singapore 806954

Subsidiaries & Branches

Subject did not introduce whether it has 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:	Young Phui Yeow
Position:	Director
ID Number:	S0978955C
Address:	350 Yishun Avenue 11 #09-227 Singapore 760350
Nationality:	Singapore Citizen
Date of Appointment:	1993-6-10
2
Name:	Lee Leng Loke
Position:	Director
ID Number:	S1231455H
Address:	72 Seletar Terrace Singapore 806954
Nationality:	Singapore Citizen
Date of Appointment:	1993-6-10
3
Name:	Tan Say Jan
Position:	Secretary
ID Number:	S0025915B
Address:	335B Smith Street #08-56 Singapore 052335
Nationality:	Singapore Citizen
Date of Appointment:	2004-9-1

Personnel Structure

Total Employees

5~6 Employees

Operation Information

Offices & Factories

	Office
Address:	11 Collyer Quay #14-02 Singapore 049317

Production Information

l Subject is a trader of metal scraps without any production activities itself.

Purchase Information

l Subject purchases mainly abroad and it is introduced that subject purchases from Europe, etc

Sales Information

l Subject is engaged in sales of metal scraps such as copper junk and Scrap Steel, etc

l Subject’s products are both sold in domestic and overseas market and it is introduced that subject can transport the products from the original place directly to customers.

Settlements

Purchase

Domestic Markets

Subject has little domestic purchase

Overseas Markets

Products	Payment Terms	Proportion
Metal scraps, etc	CBD, etc	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
Metal scraps, etc	CBD, etc	100%

Overseas Markets

Product	Sales Terms	Proportion
Metal scraps, etc	CBD, etc	100%

Balance Sheet

In Singapore, Limited Exempt Private Companies are not obligated to submit their financial statements to the local registry. We did not find the financials of subject from the local registry,

the subject also declined to disclose such information due to the confidentiality reason.

Bankers

Name:	Standard Chartered Bank
Address:	7 Changi Business Park Crescent, Level 01 Trade Services, Singapore 486028

Bank Charge

Charge 1
Charge Number:	9505840
Date of Registration:	1995-9-23
Name:	Standard Chartered Bank
Amount Secured:	All Monies
Charge 2
Charge Number:	C200809180
Date of Registration:	2008-10-6
Name:	Cimb Bank Berhad
Amount Secured:	All Monies
Charge 3
Charge Number:	C201104028
Date of Registration:	2011-4-1
Name:	Malayan Banking Berhad
Amount Secured:	All Monies
Charge 4
Charge Number:	C201111338
Date of Registration:	2011-9-12
Name:	Australia And New Zealand Banking Group Limited
Amount Secured:	All Monies

Auditors

Name:

K K Tham & Associates

Interview Details

Name:

Ms. Wong

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.78
UK Pound	1	Rs.82.33
Euro	1	Rs.68.19

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.