MIRA INFORM REPORT

Report Date :

20.01.2012

IDENTIFICATION DETAILS

Name :	INTEGRA PETROCHEMICALS PTE. LTD.

Registered Office :	2 Battery Road #28-01 Maybank Tower Singapore 049907

Country :	Singapore

Financials (as on) :	31.12.2009

Date of Incorporation :	17.03.2009

Com. Reg. No.:	200904745d

Legal Form :	Limited Private Company

Line of Business :	Wholesale of Petrochemical Products

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

Status :	New 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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Singapore

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

Executive Summary

Company Name	:	Integra Petrochemicals Pte. Ltd.
Registration No	:	200904745D
Date of Registration	:	17/03/2009
Former Name	:	NA
Date of Change of Name	:	NA
Type of Company	:	LIMITED PRIVATE COMPANY
Registered Address	:	2 BATTERY ROAD #28-01 MAYBANK TOWER SINGAPORE 049907
Date of Change of Address	:	17/03/2009
Contact No.	:	62209895
Fax No.	:	64386780
Website	:	www.integra-global.com
Registered Activities	:	WHOLESALE OF PETROCHEMICAL PRODUCTS TRADING IN PETROCHEMICALS
Issued Ordinary Capital*	:	$100,000.00 SINGAPORE, DOLLARS NO. OF SHARE : 100,000
Issued Preference Capital	:	NA
Paid-Up Ordinary Capital	:	$100,000.00 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	:	Moore Stephens Llp
Bankers / Financiers	:	FORTIS BANK (NEDERLAND) N.V., AMSTERDAM BRANCH COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.("RABOBANK NEDERLAND") STANDARD CHARTERED BANK ING BELGIUM, BRUSSELS, GENEVA BRANCH BNP PARIBAS (SUISSE) SA
Turnover	:	U.S. DOLLAR $262,648,809.00 (FY2009)
Net Worth	:	U.S. DOLLAR $1,782,449.00 (FY2009)
No. of Bank Charges	:	12
No. of Litigation Suits	:	NA
S1000 / SME 500 / FG50 Ranking	:	No found for SINGAPORE 1000 and SME 500
Compounded Annual Growth Rate (CAGR)	:	NA

SHAREHOLDER DETAILS

NAME	:	GRANITE CAPITAL SA
SHAREHOLDER ID	:	T09UF0945L
NATIONALITY	:	SWITZERLAND
ADDRESS	:	RUE ST PIERRE, 18 CH - 1700 FRIBOURG, SWITZERLAND
NO. OF ORD SHARES	:	100,000
% OF SHAREHOLDING	:	100%
CURRENCY	:	SINGAPORE, DOLLARS

OFFICER DETAILS

NAME	:	BRIAN JEAN SCHROEYENS
ADDRESS	:	LE BOIS DU FOUR, ROUTE DE BURTIGNY 1268 - BEGNINS SWITZERLAND
POSITION	:	DIRECTOR
DATE OF APPT	:	04/05/2009
NATIONALITY	:	BRITISH
I/C PASSPORT	:	702689413

NAME	:	GEORGINA CAMPBELL FYFFE
ADDRESS	:	46 CORONATION ROAD WEST #08-04 ASTRID MEADOWS SINGAPORE 269262
POSITION	:	DIRECTOR
DATE OF APPT	:	17/03/2009
NATIONALITY	:	BRITISH
I/C PASSPORT	:	G5860125Q

NAME	:	ROGER FRANCIS VAN BAAL
ADDRESS	:	46 CORONATION ROAD WEST #08-04 ASTRID MEADOWS SINGAPORE 269262
POSITION	:	DIRECTOR
DATE OF APPT	:	04/05/2009
NATIONALITY	:	DUTCH
I/C PASSPORT	:	G5878754Q

NAME	:	TAN SAN-JU
ADDRESS	:	56 SUNSET WAY CLEMENTI PARK SINGAPORE 597081
POSITION	:	SECRETARY
DATE OF APPT	:	16/06/2009
NATIONALITY	:	SINGAPORE CITIZEN
I/C PASSPORT	:	S1495769C

KEY PERSONNEL PROFILE

Name:	GEORGINA CAMPBELL FYFFE
NRIC Number:	G5860125Q
Available Address:	46 CORONATION ROAD WEST #08-04 ASTRID MEADOWS SINGAPORE 269262

Current Business Interest

No.	Name	Position	Appt Date	#of Share	%
1	INTEGRA HOLDINGS PRIVATE LIMITED	DIRECTOR	01/08/2003	-	-
2	INTEGRA MARKETING PRIVATE LIMITED	DIRECTOR	04/03/2002	-	-
3	INTEGRA PETROCHEMICALS PTE. LTD.	DIRECTOR	17/03/2009	-	-

Previous Business

No.

Name

Status

Position

Appt Date

Last Known Inactive Date

INTEGRA PETROCHEMICALS PTE. LTD.

LIVE COMPANY

SHAREHOLDER

08/09/2010

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 IN S’PORE

Company	Shareholdings (%)

NA

BANKERS/ FINANCIERS

Subject enjoys a normal banking routine with its bankers. To date, there have been 12 bank charges registered against Subject by its bankers. The charge numbers are:

1)	Charge No.	:	C200908084
	Date of Registration	:	09/12/2009
	Chargee	:	FORTIS BANK (NEDERLAND) N.V., AMSTERDAM BRANCH
	Address	:	---

2)	Charge No.	:	C200907936
	Date of Registration	:	03/12/2009
	Chargee	:	COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.("RABOBANK NEDERLAND")
	Address	:	---

3)	Charge No.	:	C200907935
	Date of Registration	:	03/12/2009
	Chargee	:	COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.("RABOBANK NEDERLAND")
	Address	:	---

4)	Charge No.	:	C200907931
	Date of Registration	:	03/12/2009
	Chargee	:	COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.("RABOBANK NEDERLAND")
	Address	:	---

5)	Charge No.	:	C200906913
	Date of Registration	:	28/10/2009
	Chargee	:	STANDARD CHARTERED BANK
	Address	:	6 BATTERY ROAD SINGAPORE 049909

6)	Charge No.	:	C200906893
	Date of Registration	:	28/10/2009
	Chargee	:	STANDARD CHARTERED BANK
	Address	:	6 BATTERY ROAD SINGAPORE 049909

7)	Charge No.	:	C200906886
	Date of Registration	:	28/10/2009
	Chargee	:	STANDARD CHARTERED BANK
	Address	:	6 BATTERY ROAD SINGAPORE 049909

8)	Charge No.	:	C200905682
	Date of Registration	:	09/09/2009
	Chargee	:	ING BELGIUM, BRUSSELS, GENEVA BRANCH
	Address	:	---

9)	Charge No.	:	C200905414
	Date of Registration	:	28/08/2009
	Chargee	:	ING BELGIUM, BRUSSELS, GENEVA BRANCH
	Address	:	---
10)	Charge No.	:	C200905411
	Date of Registration	:	28/08/2009
	Chargee	:	ING BELGIUM, BRUSSELS, GENEVA BRANCH
	Address	:	---

11)	Charge No.	:	C200905393
	Date of Registration	:	28/08/2009
	Chargee	:	ING BELGIUM, BRUSSELS, GENEVA BRANCH
	Address	:	---

12)	Charge No.	:	C200904499
	Date of Registration	:	21/07/2009
	Chargee	:	BNP PARIBAS (SUISSE) SA
	Address	:	---

LITIGATION

Clear

COMPLIANCE RECORDS

Date of Last AGM	:	10/06/2010
Date of Last AR	:	14/06/2010
Date of A/C Laid at Last AGM	:	31/12/2009

FINANCIAL HIGHLIGHTS

Financial Figures	Company
	17 MAC 2009 – 31 DEC 2009
Currency	U.S. DOLLAR
Profit and Loss Key Figures
Turnover	262,648,809
Profit/(Loss) Before Tax	1,947,046
Profit After Tax attributable to Shareholders	1,715,546

Balance Sheet Key Figures
Total Assets	102,240,367
Current Assets	102,240,367
Non Current Assets	0

Total Liabilities	100,457,918
Current Liabilities	100,457,918
Non Current Liabilities	0

Shareholders' Funds	1,782,449
Share Capital	66,903
Total Reserves	1,715,546

FINANCIAL RATIOS

	Company
	17 MAC 2009 – 31 DEC 2009
Growth %
Year-on-Year Growth	NA

Profitability
Profit Margin (%)	0.65
Return on Equity (%)	96.25
Return on Assets (%)	1.68

Leverage
Total Debt/Equity (Times)	56.36
Current Debt/Equity (Times)	56.36
Long Term Debt To Equity (Times)	NA
Total Asset To Total Equity (Times)	57.36

Asset Management
Total Assets Turnover (Times)	2.57
Fixed Assets Turnover (Times)	NA

Liquidity
Current Ratio (Times)	1.02

FINANCIAL COMMENTARY

Profitability

The company yielded a rate of net profit on sales of 0.65 per cent in FY09. The company is now able to book in U.S. DOLLAR $0.01 of profit for every U.S. DOLLAR of sales.

Liquidity

Current ratio stood at 1.02 times in FY09. This means that the company has U.S. DOLLAR 1.02 of current assets for every U.S. DOLLAR of current liability incurred. Subject's current ratio is noted to be within the industry norm for the sector in which the company is operating.

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.

Leverage

Total liabilities-to-equity ratio notched at 56.36 times in FY09. This means that the company requires additional external financing of U.S. DOLLAR 56.36 for every U.S. DOLLAR injected into its operations. Subject's total liability-to-equity is noted to be higher than the industry norm for the sector in which the company is operating.

Generally, a total liability-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 96.25 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 1.68 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 2.57 times in FY09. 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.50.29
UK Pound	1	Rs.77.60
Euro	1	Rs.64.67

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

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.