MIRA INFORM REPORT

Report Date :

27.07.2012

IDENTIFICATION DETAILS

Name :	KINGS MARKETING LIMITED
Formerly Known As :	BERWICK INVESTMENTS LIMITED
Registered Office :	720 Richardson Road, Mount Roskill, Auckland, Zip/postal code 1041
Country :	New Zealand
Date of Incorporation :	11.06.2010
Com. Reg. No.:	2515630
Legal Form :	Private Limited Company
Line of Business :	Import and distribution of food products.
No. of Employees :	01

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
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)
New Zealand	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 : KINGS MARKETING LIMITED

Business address : 33K Cartwright Road

Town : Kelston

Province : Auckland

Zip/postal code : 0602

Country : New Zealand

Tel : N/A

Fax : N/A

Registered address : 720 Richardson Road

Town : Mount Roskill

Province : Auckland

Zip/postal code : 1041

Country : New Zealand

Comments : The Subject is not registered as a phone user locally. We are unable to obtain

any contact numbers for the Subject.

Summary details

Executive Summary

Date founded or registered : 11/06/2010

Legal form : Private Limited Company

Chief executive : Kamlesh Kapadia

Issued & paid up capital : NZD 100

Line of business : Import and distribution of food products. (as reported)

Staff employed : Mr. Kamlesh Kapadia is the only director and employee of the Subject

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 : 11/06/2010

Legal form : Private Limited Company

Registration no 2515630

Registered authority : New Zealand Companies Office

Registry status : Live/Active

Previous name : The Subject was previously known as BERWICK INVESTMENTS LIMITED and

changed to the current style on 18-11-2011.

Change of legal form : None reported.

Management / directors

Key Management

Name : Kamlesh Kapadia

Designation : Managing Director

Board of directors / other appointments

Appointments

Name : Kamlesh Kapadia

Designation : Director

Appointment date : 11/06/10

Address : 33K Cartwright Road

Kelston, Auckland 0602

New Zealand

Staff employed : Mr. Kamlesh Kapadia is the only director and employee of the Subject

Share capital

Composition

Authorized Capital : NZD 100

No of shares : 100 Shares

Share par value : NZD 1

Issued capital : NZD 100

Paid up capital : NZD 100

ownership / shareholders

How listed : Full List

Composition

Shareholder name : Kamlesh Kapadia

Address : 33K Cartwright Road

Kelston, Auckland 0602

New Zealand

No. of shares : 100 Shares

% of shares : 100%

Related companies & corporate Affiliations

Structure

Name : APOLLO DISTRIBUTION NZ LIMITED

Affiliation type : Sister Company

Address : 33K Cartwright Road

Kelston, Auckland 0602

New Zealand

Name : KING AND SONS LIMITED

Affiliation type : Sister Company

Address : 33K Cartwright Road

Kelston, Auckland 0602

New Zealand

Name : KAPSONS FOOD COMPANY LIMITED

Affiliation type : Sister Company

Address : 33K Cartwright Road

Kelston, Auckland 0602

New Zealand

Name : NEKAM DEVELOPMENTS LIMITED

Affiliation type : Sister Company

Address : 33K Cartwright Road

Kelston, Auckland 0602

New Zealand

Bank & mortgages

Bank Details

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.

Private Companies in New Zealand are not required to file accounts unless classified as "Large", which at the moment means that two out of the following three conditions are met:

- The company has a sales turnover of over NZD 20,000,000;

- The company has total assets of over NZD 10,000,000;

- The company employs 50 people or more.

Operation details

Main activities : The Subject is engaged in import and distribution of food products. (as reported)

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

Gross Domestic Products (GDP) & Economic Overview

Central bank Reserve Bank of New Zealand

Reserve of foreign exchange & gold US$ 18.421 billion

Gross domestic product - GDP US$ 140,434 billion

GPP (Purchasing power parity) 119.791 billion of International dollars

GDP per capita - current prices US$ $32,145

GDP - composition by sector agriculture: 4.6% industry: 23.7% services: 71.7%

Inflation 2008: 4%

2009: 2.1%

2010: 2.5%

Unemployment rate 2008:4.2%

2009: 6.2%

2010: 6.2%

Public debt

(General Government gross

debt as a % GDP) 2008: 20.4 %

2009: 26.2%

_{2010: 31 %}

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

Moody's rating: Aaa

Moody's outlook: STA

Market value of publicly traded shares US$ 67.061 Billion

Largest companies in the country : Telecom of New Zealand, Trans power, Fletcher Building, Infratil

Trade & Competitiveness Overview

Total exports US$29.53 billion

Exports commodities dairy products, meat, wood and wood products, fish, machinery

Total imports US$31.11 billion

Imports commodities machinery and equipment, vehicles and aircraft, petroleum,

electronics, textiles, plastics

Export - major partners Australia 22%, US 11.5%, Japan 9.2%, China 5.3%, UK 4.6%

Import - major partners Australia 20.7%, China 13.4%, US 9.7%, Japan 9.5%, Singapore 4.9%,

Germany 4.7%

FDI Inflows : 2007: US$3,441 million

2008: US$4,993 million

2009: US$348 million

FDI Outflows : 2007: US$3,703 million

2008: US$-239 million

2009: US$-406 million

Best countries for doing

business 3 out of 183 countries

Global competitiveness ranking 23 (ranking by country on a basis of 133, the first is the best)

Country and Population Overview

Total population : 4.37 million

Total area : 270,467 km2

Capital : Wellington

_{Currency : New Zealand Dollar (NZD)}

Internet users as % of total population : 84.38%

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.55.95
UK Pound	1	Rs.86.56
Euro	1	Rs.67.95

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.