MIRA INFORM REPORT

Report Date :

31.01.2012

IDENTIFICATION DETAILS

Name :	SANYO ELECTRIC (HONG KONG) LIMITED (SINGAPORE BRANCH)

Registered Office :	6 Commonwealth Lane, #03-01/02, Singapore 149547

Country :	Singapore

Date of Incorporation :	11.03.2008

Com. Reg. No.:	T08FC7172F

Legal Form :	Foreign Company Registered In Singapore

Line of Business :	Manufacturing and trade of electronic device and product

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 Points

Company Name:	Sanyo Electric (Hong Kong) Limited (Singapore Branch)
Supplied Name:	Sanyo Electric (Hong Kong) Ltd. Singapore Branch
Trading Address:	GMTI Building , 6 Commonwealth Lane #03-01/02, Singapore 149547
Supplied Address:	No. 6 Commonwealth Lane, #03-01/02 GMTI Building Singapore 149547
Telephone Number:	+65-63386411
Fax Number:	+65-63376553
E-mail:	scri_ongsk@singnet.com.sg

Note:

The exact name is as above.

Credit Summary

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

Company Identification Details

Registered Name:	Sanyo Electric (Hong Kong) Limited (Singapore Branch)
Registered Address:	6 Commonwealth Lane, #03-01/02, Singapore 149547
Date of Registration::	2008-3-11
Registered Number:	T08FC7172F
Country of Incorporation:	Hong Kong
Registered Capital:	HKD 342,200,000 (USD 273,257,000) (As of 2012.1, 1 SGD =0.79853 USD)
Paid-up Capital:	HKD 342,200,000 (USD 273,257,000) =342,200,000 Shares@1 SGD
Legal Form:	Foreign Company Registered In Singapore
Principal Activities:	Manufacturing and trade of electronic device and product
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	N/A

Note:

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

History

Subject was incorporated on 2008-3-11 with registered number T08FC7172F as Foreign Company Registered In Singapore in Singapore.

Shareholders

The shareholder is not available from the subject or other sources.

Subsidiaries & Branches

Ultimate Parent Company:

Name:	SANYO Electric Co., Ltd
Address:	Japan

Parent Company:

Name:	Sanyo Electric (Hong Kong) Limited
Address:	3/F. China Aerospace Centre, 143 Hoi Bun Road, Kwun Tong, KLN, Hong Kong.
Telephone Number:	+852 2566-3456
Fax Number:	+852 2979-4092

Manage Information

Core Management

Detailed Information of Management:

1
Name:	TOKUNAGA TETSUJI
Position:	Agent
ID Number:	F1895385N
Address:	221 Queensway #02-09 Viz At Holland Singapore 276750
Nationality:	Japanese
Date of Appointment:	2010-5-19
2
Name:	NAKATANI YOSHINORI
Position:	Agent
ID Number:	G6075491N
Address:	23 Jalan Merah Saga #04-01 Merasaga, The Singapore 278102
Nationality:	Japanese
Date of Appointment:	2009-10-1
3
Name:	NAOKI IKEGAMI
Position:	Director
ID Number:	MS4739100
Address:	Flat D, 15/F., Block 2, 80 Robinson Road, Hong Kong
Nationality:	Japanese
Date of Appointment:	2009-4-1
4
Name:	HIROSHIGE OTA
Position:	Director
ID Number:	P947614(1)
Address:	Flat B, 66/F, Tower 5, Sorrento, 1 Austin Road West, Tst, Kowloon, Hong Kong
Nationality:	Japanese
Date of Appointment:	2008-8-1
5
Name:	TAKAAKI OKAZAKI
Position:	Director
ID Number:	TF8272479
Address:	35-11,1 Chome Minaminakaburi, Hirakata-Shi, Osaka 573-0094
Nationality:	Japanese
Date of Appointment:	2009-7-17
6
Name:	GAKU WATANABE
Position:	Director
ID Number:	TF8272479
Address:	4-4-16, Hyakurakuen, Nara, Japan, 631-0024
Nationality:	Japanese
Date of Appointment:	2008-8-1
7
Name:	ATSUHIRO SAKAGAMI
Position:	Director
ID Number:	TG7250282
Address:	Flat D, 30/F, Block 1a, The Arch, No.1 Austin Road West, Kowloon, Hong Kong
Nationality:	Japanese
Date of Appointment:	2008-9-16
8
Name:	HIDEHARU NAGASAWA
Position:	Director
ID Number:	TH0433623
Address:	1-7-3-402, Koganenosato Takatsuki-City Osaka 569-1038 Japan
Nationality:	Japanese
Date of Appointment:	2009-7-17
9
Name:	HIDENORI DEKI
Position:	Director
ID Number:	TH6594050
Address:	5-47-11, Sonenji Hirakata-Shi, Osaka, Japan
Nationality:	Japanese
Date of Appointment:	2008-8-1
10
Name:	AKITSU MITAKE
Position:	Director
ID Number:	TZ0252785
Address:	Flat D, 36/F, Tower 1, The Waterfront, No.1 Austin Road West, Kowloon, Hong Kong
Nationality:	Japanese
Date of Appointment:	2010-9-10
11
Name:	YOSHITSUGU HONGO
Position:	Director
ID Number:	TZ0567794
Address:	Suite D-2207, Harbourfront Horizon, All-Suite Hotel, 8 Hung Luen Road, Hung Hom Bay, Kowloon, Hong Kong
Nationality:	Japanese
Date of Appointment:	2010-9-10
12
Name:	TAKESHI INOUE
Position:	Director
ID Number:	TZ0567794
Address:	Flat H, 22/F, Tower 10, Laguna Verde, Hunghom, Kowloon, Hong Kong
Nationality:	Japanese
Date of Appointment:	2010-9-10

Operation Information

Offices & Factories

	Office
Address:	GMTI Building , 6 Commonwealth Lane #03-01/02, Singapore 149547

Production Information

l Subject is a branch of Sanyo Electric (Hong Kong) Limited without any production activities

Purchase

l Subject introduced that the products of subject are provided from Sanyo.

Sales Information

l Subject is a sales branch of Sanyo Electric (Hong Kong) Limited located in Singapore.

l Subject introduced that the products range including SANYO brand super showcase, refrigerator showcase, freezer showcase, commercial use microwave oven, stainless steel fridge, condensing unit, cooling coil, ice maker, dispenser, coldroom panel, etc.

l Subject introduced that Sanyo has 3 factories to produce commercial use refrigerating equipment; they are located in Japan, Thailand and China. And the products of subject are from there.

l Subject introduced that it supplies the products, installation, and provides after sales service to individual customers, and it also supplies this chain of service to customers such as supermarket, convenience store, fast food shop, restaurants, Food Company, Beverage Company, Drinks Company, Ice Cream Company, Beer Company, etc.

l Subject introduced that it mainly sells the products to the domestic markets.

Settlements

Purchase

Subject declined the purchase settlements information, and from other sources, we couldn’t obtain the information, either.

Sales

Domestic Markets

Product	Sales Terms	Proportion
Sanyo Products	CBD, etc	100%

Export

Subject seldom exports.

Financial Information

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

Subject’s relevant staff Ms. Lee declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.

Bankers

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

Interview Details

Name:

Ms. Lee

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.50
UK Pound	1	Rs.77.74
Euro	1	Rs.65.19

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%)

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.