MIRA INFORM REPORT

Report Date :

06.06.2012

IDENTIFICATION DETAILS

Name :	PREMARK INTERNATIONAL PTE. LTD.
Registered Office :	100 Beach Road #30-00 Shaw Towers Singapore 189702
Country :	Singapore
Financials (as on) :	31.03.2011
Date of Incorporation :	29.06.2010
Com. Reg. No.:	201013663G
Legal Form :	Limited Exempt Private Company
Line of Business :	General Wholesale Trade (Including General Importers And Exporters)
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

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 – March 31^st, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
Singapore	A1	A1

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

Company Name:	Registered Number:
PREMARK INTERNATIONAL PTE. LTD.	201013663G

Date Incorporated:	Registered Office:	Telephone Number:
29/06/2010	100 BEACH ROAD #30-00 SHAW TOWERS SINGAPORE 189702	62242524
Age of Company:	Website:	Industry Type:
2	NA	COMMERCE-WHOLESALE

Risk Dashboard
Days Beyond Terms	Trend:	No. of Litigation Counts:
Company DTC:		NA
NA
The entity is paying current to the creditors		No. of Charges(s): 3
Industry DTC
25 Days

Directors		Corporate Structure
Number of Current Directors	4	Holding Company:	[PARENT]
Number that are shareholders	2	No. of Subsidiaries & Associated Companies:	NA

Executive Summary

Company Name	:	Premark International Pte. Ltd.
Registration No	:	201013663G
Date of Registration	:	29/06/2010
Former Name	:	NA
Date of Change of Name	:	NA
Type of Company	:	Limited Exempt Private Company
Registered Address	:	100 BEACH ROAD #30-00 SHAW TOWERS SINGAPORE 189702
Trading Address	:	3, Shenton Way, #12-02 Shenton House Singapore 068805, Singapore
Date of Change of Address	:	05/08/2011
Fax No.	:	NA
Website	:	NA
Registered Activities	:	General Wholesale Trade (Including General Importers And Exporters)
Business Activities	:	NA
Issued Ordinary Capital*	:	$1,000,000.00 SINGAPORE, DOLLARS NO. OF SHARE : 1,000,000
Issued Preference Capital	:	NA
Paid-Up Ordinary Capital	:	$1,000,000.00 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	:	Nexia Ts Public Accounting Corporation
Bankers / Financiers	:	Dbs Bank Ltd. Indian Bank
Turnover	:	$14,938,900.00 (FY2011)
Net Worth	:	$1,374,715.00 (FY2011)
No. of Bank Charges	:	3
No. of Litigation Suits	:	NA
S1000 / SME 1000 / FG50 Ranking	:	No found for SINGAPORE 1000 and SME 1000

SHAREHOLDER DETAILS

NAME	:	RAVI KUMAR JAIN
SHAREHOLDER ID	:	H9905131
NATIONALITY	:	INDIAN
ADDRESS	:	PLOT - 418, WARD - 12/C, LILASHAH NAGAR, GANDHIDHAM KUTCH - 370201, INDIA
NO. OF ORD SHARES	:	500,000
% OF SHAREHOLDING	:	50%
CURRENCY	:	SINGAPORE, DOLLARS
NAME	:	CHETAN KHANNA
SHAREHOLDER ID	:	Z1800289
NATIONALITY	:	INDIAN
ADDRESS	:	HOUSE NO 1B, JALAN APOLLO, DESHON ROAD SIBU (SARAWAK) 96000, MALAYSIA
NO. OF ORD SHARES	:	500,000
% OF SHAREHOLDING	:	50%
CURRENCY	:	SINGAPORE, DOLLARS

OFFICER DETAILS

NAME	:	RAVI KUMAR JAIN
ADDRESS	:	PLOT - 418, WARD - 12/C, LILASHAH NAGAR, GANDHIDHAM KUTCH - 370201, INDIA
POSITION	:	DIRECTOR
DATE OF APPT	:	29/06/2010
NATIONALITY	:	INDIAN
I/C PASSPORT	:	H9905131
NAME	:	AGRAWAL SOHAM GHANSHYAM
ADDRESS	:	1 SIGLAP ROAD #02-16 MANDARIN GARDENS SINGAPORE 448906
POSITION	:	DIRECTOR
DATE OF APPT	:	29/06/2010
NATIONALITY	:	SINGAPORE P.R.
I/C PASSPORT	:	S7084664J
NAME	:	LOH MEI LING
ADDRESS	:	100 BEACH ROAD #30-00 SHAW TOWERS SINGAPORE 189702
POSITION	:	SECRETARY
DATE OF APPT	:	29/06/2010
NATIONALITY	:	SINGAPORE P.R.
I/C PASSPORT	:	S7379111A
NAME	:	CHETAN KHANNA
ADDRESS	:	HOUSE NO 1B, JALAN APOLLO, DESHON ROAD SIBU (SARAWAK) 96000, MALAYSIA
POSITION	:	DIRECTOR
DATE OF APPT	:	29/06/2010
NATIONALITY	:	INDIAN
I/C PASSPORT	:	Z1800289

KEY PERSONNEL PROFILE

Name:	RAVI KUMAR JAIN
NRIC Number:	H9905131
Available Address:	PLOT - 418, WARD - 12/C, LILASHAH NAGAR, GANDHIDHAM KUTCH - 370201, INDIA

Current Business Interest

No.	Name	Position	Appt Date	#of Share	%
1	PREMARK INTERNATIONAL PTE. LTD.	DIRECTOR	29/06/2010	500000	50.00

Previous Business

No.	Name	Status	Position	Appt Date	Last Known Inactive Date
No Trace

Bankruptcy Record

Case No.	Year	Date of Filing	Petitioner Name	Amount
No Trace

Litigation Search – Writ of Summons

Court	Case No.	Transfer	Year	Date of Filing	Amount	Cause Category
No Trace

Negative List (if any)

Traces	Status	Last Updated Date
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 3 bank charges registered against Subject by its bankers. The charge numbers are:

1)	Charge No.	:	C201112776
	Date of Registration	:	11/10/2011
	Chargee	:	DBS BANK LTD.
	Amount Secured and Currency	:	All Monies
	Address	:	6 SHENTON WAY, DBS BUILDING TOWER ONE SINGAPORE 068809
2)	Charge No.	:	C201112773
	Date of Registration	:	11/10/2011
	Chargee	:	DBS BANK LTD.
	Amount Secured and Currency	:	All Monies
	Address	:	6 SHENTON WAY, DBS BUILDING TOWER ONE SINGAPORE 068809
3)	Charge No.	:	C201110759
	Date of Registration	:	26/08/2011
	Chargee	:	INDIAN BANK
	Amount Secured and Currency	:	All Monies
	Address	:	3 RAFFLES PLACE BHARAT BUILDING SINGAPORE 048617

Payment Profiling (The payment pattern of Subject for the past 12 months)

Description	Percentage
Improve	0%
Consistent	0%
Deteriorate	0%
Alert	0%
No Trend	100%

Description

Improve: Current month’s performance better than previous month

Consistent: Trend found in the way debtors (based on at least 6 consecutive records)

Deteriorate: Current month’s performance worse than previous month

Alert: Negative List; Absolute refusal to make payment

No Trend: Inconsistent; not able to categorize

Negative List (if any)

Traces	Status	Last Updated Date
No Trace

LITIGATION

Clear

COMPLIANCE RECORDS

Date of Last AGM	:	07/06/2011
Date of Last AR	:	28/06/2011
Date of A/C Laid at Last AGM	:	31/03/2011

COMPLIANCE RATING FOR ANNUAL FILING

ANNUAL GENERAL MEETING,ANNUAL RETURN AND ACCOUNTS UP-TO-DATE

Note:

Provided by ACRA (Accounting and Corporate Regulatory Authority), the Compliance Rating for Annual Filing measures a company’s compliance with the provisions under S175, S197 or S201 of the Companies Act, Cap. 50.

Applicable to all “Live” locally incorporated companies except for the Limited Partnerships, Limited Liability Partnerships, Business Entities, Foreign Companies and Public Accounting Firms, the rating provide information on whether a company is up-to-date with the holding of its Annual General Meeting (AGM) with up-to-date financial statements and filing of its Annual Return (AR).

For more information: www.acra.gov.sg/compliance

FINANCIAL HIGHLIGHTS

Auditor’s Comments – True and Fair? Yes

	Company
FINANCIAL YEAR	28/06/2010 to 31/03/2011 $
Turnover	14,938,900
Profit Before Tax and Minority Interest	396,183
Profit After Tax and Minority Interest	384,892
ASSETS
Current Assets	3,871,078
Non-current Assets	1,643
- Fixed Assets	1,643
- Intangible Assets	0
- Long-term Investments	0
Total Assets	3,872,721
LIABILITIES
Current Liabilities	2,498,006
Long-Term Liabilities	0
Total Liabilities	2,498,006
SHAREHOLDERS’ FUNDS
Share Capital	989,824
Share Premium	0
Retained Earnings	384,892
Minority Interest	0
Other Reserves	(1)
Shareholders Funds	1,374,715

Financial figures are presented in USD - USA as reflected in Subject's financial statements and are converted to S$ at the rate of S$1.31573 per USD - USA in FYE11 as presented in this report.

FINANCIAL RATIOS

	Company
FINANCIAL YEAR END	28/06/2010 to 31/03/2011
PROFITABILITY
Rate of Net Profit (%)	2.58
Return on Equity (%)	28.00
Return on Assets (%)	9.94
Return on Capital Employed	0.29
DEBT MANAGEMENT
Total Liabilities/Equity (times)	1.82
Current Liabilities/Equity (times)	1.82
Long Term Liabilities/Equity (times)	0.00
Debt Service Cover Ratio	NA
Short-term Borrowings-to-cash Ratio	NA
EFFICIENCY MANAGEMENT
Total Assets Turnover (times)	3.86
Fixed Assets Turnover (times)	9,092.45
Interest Coverage Ratio	NA
Average Payment Period (days)	0
LIQUIDITY MANAGEMENT
Current Ratio (times)	1.55
Quick Ratio (times)	1.55
Average Collection Period (days)	67

FINANCIAL COMMENTARY

Profitability

The company yielded a rate of net profit on sales of 2.58 per cent in FY11. The company is now able to book in $0.03 of profit for every dollar of sales.

Liquidity

Current ratio stood at 1.55 times in FY11. This means that the company has $1.55 of current assets for every 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.

FINANCIAL COMMENTARY

Leverage

Total liabilities-to-equity ratio notched 1.82 times in FY11. This means that the company requires additional external financing of $1.82 for every dollar injected into its operations. Subject's total liability-to-equity is noted to be within 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 28.00 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 9.94 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 3.86 times in FY11. 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.55.56
UK Pound	1	Rs.85.52
Euro	1	Rs.69.50

INFORMATION DETAILS

Report Prepared by :

PRL

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.