MIRA INFORM REPORT

Report Date :

12.07.2012

IDENTIFICATION DETAILS

Name :	IN MEDIA WORKS PTY LTD
Registered Office :	Suite 1, 236 Liverpool Road, Ashfield, New South Wales, Zip/postal code 2131
Country :	Australia
Date of Incorporation :	11.09.2011
Com. Reg. No.:	153161623
Legal Form :	Australian Proprietary Company
Line of Business :	Not Available
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New company
Payment Behaviour :	Unknown
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, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
Australia	a1	a1

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

Bottom of Form

Identification details Bottom of Form

Verified Address

Subject name : IN MEDIA WORKS PTY LTD

Business address : Unit 10, 9-13 Valeria Street

Town : Toongabbie

Province : New South Wales

Zip/postal code : 2146

Country : Australia

Tel : N/A

Fax : N/A

Registered address : Suite 1, 236 Liverpool Road

Town : Ashfield

Province : New South Wales

Zip/postal code : 2131

Country : Australia

Comments : The Subject is not registered as a phone user locally. We found the contact

number +64 9 2768630 unfortunately this number is now invalid. There were no

further details of contact numbers found for the Subject in Australia and New

Zealand.

Summary details

Executive Summary

Date founded or registered : 11/09/2011

Legal form : Australian Proprietary Company

Chief executive : Samuel Enriguez

Issued & paid up capital : AUD 100

Line of business : The Subject activities can't be determined.

Staff employed : N/A

Credit risk opinion

Company Analysis

Country risk : Country risk is minimal

Operation trend : Operational trend is in start-up phase

Management experience : Management is inadequately experienced

Financial performance : Financial performance is undetermined

Organization structure : Organizational structure is flawed

Detrimental : Some detrimental records found

Payment history : No payment delays noted

Comments : Credit of any amount can’t be granted as we are unable to determine the

existence and location of the Subject.

Statutory details

Registry Data

Registration date : 11/09/2011

Legal form : Australian Proprietary Company

Registration no Australian Company Number: 153161623

Registered authority : Australian Securities and Investments Commission

Fiscal/ Tax no : Australian Business Number: 48153161623

Registry status : Live/Active

Previous name : None reported.

Change of legal form : None reported.

Management / directors

Key Management

Name : Samuel Enriguez

Designation : Managing Director

Board of directors / other appointments

Appointments

Name : Samuel Enriguez

Designation : Director and Company Secretary

Appointment date : 11/09/11

Address : Unit 10, 9-13 Valleria Street

Toongabbie, NSW 2146

Australia

Biography : Born on 02-12-1975 in Madrid, Spain.

Staff employed : N/A

Share capital

Composition

Authorized Capital : AUD 100

No of shares : 100 Ordinary Shares

Share par value : AUD 1

Issued capital : AUD 100

Paid up capital : AUD 100

ownership / shareholders

How listed : Full List

Composition

Shareholder name : Srinivas Naidu Chamakuri

Address : Unit 10, 9-13 Valleria Street

Toongabbie, NSW 2146

Australia

No. of shares : 100 Ordinary Shares

% of shares : 100%

Related companies & corporate Affiliations

Structure

Name : KELLY PARK STUDIOS PTY LTD

Affiliation type : Sister Company

Address : Unit 10, 9-13 Valeria Street

Toongabbie, NSW 2146

Australia

Name : LEADING EDGE I T SOLUTIONS LIMITED

Affiliation type : Sister Company

Address : 18 Ashgrove Road

Mangere, Auckland 2022

New Zealand

Name :QUENCH SOFTSOLUTIONS LIMITED

Affiliation type : Associate

Address : 18 Ashgrove Road

Mangere, Auckland 2022

New Zealand

Name : EAZYWAY COMMUNICATIONS LIMITED

Affiliation type : Sister Company

Address : 7 Pukeiti Road

Otahuhu, Auckland 1062

New Zealand

Name : PROVENTURE CONSULTANTS LIMITED

Affiliation type : Associate

Address : 7 Pukeiti Road

Otahuhu, Auckland 1062

New Zealand

Name : KELLY PARK STUDIOS LIMITED

Affiliation type : Sister Company

Address : 275A Shirley Road

Papatoetoe, Auckland 2022

New Zealand

Bank & mortgages

Mortgages : None reported.

Legal Fillings

Bankruptcy fillings : None reported.

Court judgements : None reported.

Tax liens : None reported.

Others : None reported.

financial data

Description

Comments : Due to the Subject’s recent date of establishment, financial information is not available.

The Subject is classified as a small proprietary company by the Australian Securities & Investments Commission hence is not required to disclose their financial statement.

A proprietary company is defined as small for a financial year if it satisfies at least two of the following:

- The consolidated revenue for the financial year of the company and any entities it controls is less than $25 million;

-The value of the consolidated gross assets at the end of the financial year of the company and any entities it controls is less than $12.5 million, and

-The company and any entities it controls have fewer than 50 employees at the end of the financial year.

Operation details

Main activities : The Subject activities can't be determined.

Purchases

Local : None reported.

International : None reported.

Sales

Local : None reported.

International : None reported.

Property & Assets

Premises : The Subject's premises can't be determined.

Branches : None reported.

Summarized country risk

Central bank : Reserve Bank of Australia

Reserve of foreign exchange & gold : US$ 43.879 billion

Gross domestic product – GDP : US$ 1.586 trillion

GPP (Purchasing power parity) : 954.296 billion of International dollars

GDP per capita - current prices : US$ 68,916

GDP - composition by sector : agriculture: 4.0% industry: 25.6% services: 70.4%

Inflation :

2009: 1.8%

2010: 2.8%

2011: 3.4%

Unemployment rate

2009: 5.6 %

2010: 5.2 %

2011: 5.1%

Public debt

(General Government gross

debt as a % GDP)

2009: 16.9%

_{2010: 20.4 %}

_{2011: 22.9 %}

Government bond ratings Standard & Poor's: AAA-/Stable/A-1+

Moody's rating: Aaa

Moody's outlook: STA

Market value of publicly traded shares US$ 1.258 trillion

Largest companies in the country : Westpac Banking Group (Major Banks), BHP Billiton (Diversified Metals & Mining), Commonwealth Bank (Major Banks), National Australia Bank (Major Banks), ANZ Banking (Major Banks), Telstra (Telecommunications services), Wesfarmers (Food Retail)

Trade & Competitiveness Overview

Total exports US$210.7 billion

Exports commodities coal, iron ore, gold, meat, wool, alumina, wheat

Total imports US$187.2 billion

Imports commodities machinery and transport equipment, computers and office machines, telecommunication equipment and parts, crude oil and petroleum products

Export - major partners Japan 18.9%, China 14.2%, South Korea 8%, US 6%, NZ 5.6%, India

5.5%, UK 4.2%

Import - major partners China 15.5%, US 12.8%, Japan 9.6%, Singapore 5.6%, Germany

5.2%, UK 4.3%, Thailand 4.2%

FDI Inflows : 2008: US$46,843 million

2009: US$25,716 million

2010: US$32,472 million

FDI Outflows : 2008: US$33,604 million

2009: US$16,160 million

2010: US$26,431 million

Best countries for doing business : 10 out of 183 countries

Global competitiveness ranking : 20 (ranking by country on a basis of 142, the first is the best)

Country and Population Overview

Total population : 22.23 million

Total area : 7,692,024 km2

Capital : Canberra

_{Currency : Australian Dollars (AUD)}

Internet users as % of total population : 76.00%

Payment history

Purchase Term

Local : None

International : None

Sales Term

Local : None

International : None

Trade Reference/ Payment Behaviour

Comments : As local and international trade references were not supplied, the Subject's

payment track record history cannot be appropriately determined but based

on our research, payments are believed to be met without delay.

Investigation Note

Sources : Official and local business sources

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.37
UK Pound	1	Rs.85.95
Euro	1	Rs.67.87

INFORMATION DETAILS

Report Prepared by :

MNL

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.