MIRA INFORM REPORT

Report Date :

09.06.2012

IDENTIFICATION DETAILS

Name :	HITESH TRADING CO

Registered Office :	160 Paya Lebar Road #06-01 Orion @ Paya Lebar Singapore 409022

Country :	Singapore

Date of Incorporation :	16.05.1975

Com. Reg. No.:	07789700E

Legal Form :	Sole Proprietorship

Line of Business :	Wholesaler of other specific commodities General Wholesale Trade (Including General Importers And Exporters)

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Poor

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)

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:	Hitesh Trading Co
Supplied Name:	Hitesh Trading Co
Trading Address:	160 Paya Lebar Road #06-01 Orion @ Paya Lebar Singapore 409022
Supplied Address:	160 Paya Lebar Road, #06-01 Orion@payalebar, Singapore 409022
Telephone Number:	+65-6744-1178
Fax Number:	+65-6744-1179

Notes: Subject’s exact name and address are as above

Special Notes

We tried to contact subject according to the supplied number +65-6744-1178, the relevant staff confirmed subject’s name, address and contact and introduced that it is engaged sales of computer products, but he declined to disclose any more details.

We did not find any operation information of subject from public files according to the supplied name or address, either.

We found subject’s registration information from local registry, supplying as follows for reference.

Company Identification Details

Registered Name:	Hitesh Trading Co
Registered Address:	160 Paya Lebar Road #06-01 Orion @ Paya Lebar Singapore 409022
Date of Registration::	1975-5-16
Commencement Date	1977-7-8
Renewal Date	2012-4-23
Expiry Date	2013-5-16
Registered Number:	07789700E
Registered Capital:	N/A
Legal Form:	Sole Proprietorship
Principal Activities:	46699--Wholesale Of Other Specific Commodities Nec 46900--General Wholesale Trade (Including General Importers And Exporters)
Staff:	N/A
Status:	Live
Listed at Stock Exchange:	No
Date of Last Annual Return:	--

Notes: Subject did not introduce its staff number; from other source we can not obtain the relevant information, either. And it is not required for Sole Proprietorship to register capital.

History

Subject was incorporated on 1975-5-16 with registered number 07789700E as Sole Proprietorship in Singapore.

Shareholders

Existing Owner(s)

Name:	Asian Carats Pte Ltd
ID Number:	199600943Z
Address:	160 Paya Lebar Road #06-01 Orion @ Paya Lebar Singapore 409022
Place of Origin	Singapore, Rep Of
Date of Appointment:	2003-4-1

Withdrawn Owner(s)

1
Name:	Jaysukhlal S/O Vachhraj Doshi
ID Number:	S0316952I
Address:	5000B Marine Parade #02-07 Laguna Park Singapore 449285
Nationality	Singapore Citizen
Date of Appointment:	1982-6-24
Date of Withdrawal	1985-5-31
2
Name:	Amrit Lal S/O Mohan Lal
ID Number:	S0595430D
Address:	415 Bedok North Avenue 3 #25-99 Singapore
Nationality	Singapore Citizen
Date of Appointment:	1970-7-18
Date of Withdrawal	1982-7-2
3
Name:	Narendra S/O Amritlal
ID Number:	S1674807B
Address:	415 Bedok North Avenue 2 #25-99 Singapore 460415
Nationality	Singapore Citizen
Date of Appointment:	1985-5-31
Date of Withdrawal	2003-1-9
4
Name:	Hitesh S/O Amrit Lal
ID Number:	S1772385E
Address:	160 Haig Road #07-02 Haig Court Singapore 438795
Nationality	Singapore Citizen
Date of Appointment:	1987-9-12
Date of Withdrawal	2003-4-1
5
Name:	Timbadia Savita Amratlal
ID Number:	S2064691H
Address:	415 Bedok North Avenue 2 #25-99 Singapore 460415
Nationality	Singapore Citizen
Date of Appointment:	1982-6-24
Date of Withdrawal	1991-7-22
6
Name:	Sonal N Timbadia
ID Number:	S2605983F
Address:	152 Haig Road #03-01 Haig Court Singapore 438791
Nationality	Singapore Citizen
Date of Appointment:	1999-11-18
Date of Withdrawal	2003-4-1
7
Name:	Asha Hitesh Timbadia
ID Number:	S7272163B
Address:	160 Haig Road #07-02 Haig Court Singapore 438795
Nationality	Singapore Citizen
Date of Appointment:	2003-4-1
Date of Withdrawal	2003-4-1

Subsidiaries & Branches

Parent Company

Name:	Asian Carats Pte Ltd
ID Number:	199600943Z
Address:	160 Paya Lebar Road #06-01 Orion @ Paya Lebar Singapore 409022
Place of Origin	Singapore, Rep Of

Management Information

Core Management

Detailed Information of Management:

Name:	Hitesh S/O Amrit Lal
Position:	Manager
ID Number:	S1772385E
Address:	160 Haig Road #07-02 Haig Court Singapore 438795
Nationality:	Singapore Citizen
Date of Appointment:	2003-4-1

Operation Information

Offices & Factories

	Office
Address:	160 Paya Lebar Road #06-01 Orion @ Paya Lebar Singapore 409022

Operation Information.

It is introduced that subject is engaged in sales of computer products, but we can not confirm subject’s operation details.

Settlements

Information on settlement is not available from subject or other sources.

Financial Information

We did not find any financial information of subject from local registry, and the only source from which we can obtain the information is the subject itself.

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

Bankers

Subject declined to disclose its bank details; from other source we can not obtain the relevant information, either.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.36
UK Pound	1	Rs.85.64
Euro	1	Rs.69.21

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.