MIRA INFORM REPORT

Report Date :

11.06.2012

IDENTIFICATION DETAILS

Name :	HOTEL PLAZA PROPERTY (SINGAPORE) PTE. LTD.
Registered Office :	101 Thomson Road #33-00 United Square Singapore 307591
Country :	Singapore
Financials (as on) :	DEC 2011
Date of Incorporation :	01.11.2007
Com. Reg. No.:	200720326N
Legal Form :	Limited Private Company
Line of Business :	Real Estate Developers
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 :	Small company
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:
HOTEL PLAZA PROPERTY (SINGAPORE) PTE. LTD.	200720326N

Date Incorporated:	Registered Office:	Telephone Number:
01/11/2007	101 THOMSON ROAD #33-00 UNITED SQUARE SINGAPORE 307591	NA
Age of Company:	Website:	Industry Type:
5	NA	NA

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): 4
Industry DTC
28

Directors		Corporate Structure
Number of Current Directors	6	Holding Company:	PAN PACIFIC HOTELS GROUP LIMITED
Number that are shareholders	1	No. of Subsidiaries & Associated Companies:	1

Risk Assessment Grid

Section	Assessment
Profitability	STRONG	GOOD	FAIR	MARGINAL	WEAK
Capital Structure	STRONG	GOOD	FAIR	MARGINAL	WEAK
Liquidity	STRONG	GOOD	FAIR	MARGINAL	WEAK
Activity	STRONG	GOOD	FAIR	MARGINAL	WEAK
Growth	STRONG	GOOD	FAIR	MARGINAL	WEAK
Size	STRONG	GOOD	FAIR	MARGINAL	WEAK

EXECUTIVE SUMMARY

Company Name	:	HOTEL PLAZA PROPERTY (SINGAPORE) PTE. LTD.
Registration No	:	200720326N
Date of Registration	:	01/11/2007
Former Name	:	NA
Date of Change of Name	:	NA
Type of Company	:	LIMITED PRIVATE COMPANY
Registered Address	:	101 THOMSON ROAD #33-00 UNITED SQUARE SINGAPORE 307591
Date of Change of Address	:	01/11/2007
Contact No.	:	NA
Fax No.	:	NA
Website	:	NA
Registered Activities	:	1. REAL ESTATE DEVELOPERS 2. HOTELS WITH RESTAURANT
Issued Ordinary Capital*	:	$200,000,000.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 200,000,000
Issued Preference Capital	:	NA
Paid-Up Ordinary Capital	:	$200,000,000.00 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	:	1
No. of Local Associates	:	NA
Auditor	:	PRICEWATERHOUSECOOPERS LLP
Bankers / Financiers	:	UNITED OVERSEAS BANK LIMITED
Turnover	:	SINGAPORE, DOLLARS 238,465.00 (FY2011)
Net Worth	:	SINGAPORE, DOLLARS 206,158,570.00 (FY2011)
No. of Bank Charges	:	4
No. of Litigation Suits	:	NA
S1000 / SME 1000 / FG50 Ranking	:	No found for SINGAPORE 1000 and SME 1000
Compounded Annual Growth Rate (CAGR)	:	10.18% (3 years)

SHAREHOLDER DETAILS

NAME	:	PAN PACIFIC HOTELS GROUP LIMITED
SHAREHOLDER ID	:	196800248D
NATIONALITY	:	SINGAPORE
ADDRESS	:	101 THOMSON ROAD #33-00 UNITED SQUARE SINGAPORE 307591
NO. OF ORD SHARES	:	200,000,000
% OF SHAREHOLDING	:	100%
CURRENCY	:	SINGAPORE, DOLLARS

OFFICER DETAILS

NAME	:	AMEDEO PATRICK IMBARDELLI
ADDRESS	:	40 BELMONT ROAD SINGAPORE 269876
POSITION	:	DIRECTOR
DATE OF APPT	:	14/09/2009
NATIONALITY	:	AUSTRALIAN
I/C PASSPORT	:	G5518214R
NAME	:	FOO THIAM FONG WELLINGTON
ADDRESS	:	54 CARISBROOKE GROVE SERANGOON GARDEN ESTATE SINGAPORE 558830
POSITION	:	SECRETARY
DATE OF APPT	:	01/11/2007
NATIONALITY	:	SINGAPORE CITIZEN
I/C PASSPORT	:	S0007067Z
NAME	:	WEE WEI LING
ADDRESS	:	5 JALAN SEJARAH CAPITOL PARK SINGAPORE 299054
POSITION	:	DIRECTOR
DATE OF APPT	:	03/12/2007
NATIONALITY	:	SINGAPORE CITIZEN
I/C PASSPORT	:	S0128797D
NAME	:	GWEE LIAN KHENG
ADDRESS	:	245 ORCHARD BOULEVARD #17-03 ORCHARD BEL AIR SINGAPORE 248648
POSITION	:	DIRECTOR
DATE OF APPT	:	03/12/2007
NATIONALITY	:	SINGAPORE CITIZEN
I/C PASSPORT	:	S0451159Z
NAME	:	LIAM WEE SIN
ADDRESS	:	16A BERWICK DRIVE SERANGOON GARDEN ESTATE SINGAPORE 559907
POSITION	:	DIRECTOR
DATE OF APPT	:	01/11/2007
NATIONALITY	:	SINGAPORE CITIZEN
I/C PASSPORT	:	S2549683C
NAME	:	YEONG SIEN SEU
ADDRESS	:	3A LORONG BATAWI SINGAPORE 536664
POSITION	:	SECRETARY
DATE OF APPT	:	01/11/2007
NATIONALITY	:	SINGAPORE CITIZEN
I/C PASSPORT	:	S6929197Z

KEY PERSONNEL PROFILE

Name:	LIAM WEE SIN
NRIC Number:	S2549683C
Available Address:	16A BERWICK DRIVE SERANGOON GARDEN ESTATE SINGAPORE 559907

Current Business Interest

No.	Name	Position	Appt Date	#of Share	%
1	ARDENIS PTE LTD	DIRECTOR	30/12/2004	-	-
2	BRENDALE PTE. LTD.	DIRECTOR	09/04/2008	-	-
3	DUCHESS WALK PTE. LTD.	DIRECTOR	02/05/2006	-	-
4	FLAMEGOLD PTE. LTD.	DIRECTOR	19/11/2010	-	-
5	HOTEL NEGARA LIMITED	DIRECTOR	15/08/2006	-	-
6	HOTEL PLAZA PROPERTY (SINGAPORE) PTE. LTD.	DIRECTOR	01/11/2007	-	-
7	KINGS & QUEENS DEVELOPMENT PTE. LTD.	DIRECTOR	14/03/2003	-	-
8	MARINA CENTRE HOLDINGS PRIVATE LIMITED	DIRECTOR	23/03/2010	-	-
9	NASSIM PARK DEVELOPMENTS PTE. LTD.	DIRECTOR	14/08/2006	-	-
10	NOVENA SQUARE DEVELOPMENT LTD	DIRECTOR	12/01/2004	-	-
11	NOVENA SQUARE INVESTMENTS LTD	DIRECTOR	12/01/2004	-	-
12	PEAK VENTURE PTE. LTD.	DIRECTOR	29/05/2007	-	-
13	PREMIER LAND DEVELOPMENT PTE. LTD.	DIRECTOR	17/02/2010	-	-
14	REGENCY ONE DEVELOPMENT PTE. LTD.	DIRECTOR	04/09/2004	-	-
15	SECURE VENTURE DEVELOPMENT (SIMEI) PTE. LTD.	DIRECTOR	28/01/2008	-	-
16	UNITED REGENCY PTE. LTD.	DIRECTOR	05/05/2005	-	-
17	UNITED VENTURE DEVELOPMENT (BEDOK) PTE. LTD.	DIRECTOR	23/08/2010	-	-
18	UOL CAPITAL INVESTMENTS PTE. LTD.	DIRECTOR	24/04/1995	-	-
19	UOL CLAYMORE INVESTMENT PTE. LTD.	DIRECTOR	05/05/2008	-	-
20	UOL DEVELOPMENT (DAKOTA) PTE. LTD.	DIRECTOR	01/08/1995	-	-
21	UOL DEVELOPMENT PTE LTD	DIRECTOR	12/01/2004	-	-
22	UOL EQUITY INVESTMENTS PTE LTD	DIRECTOR	09/07/2007	-	-
23	UOL MANAGEMENT SERVICES PTE LTD	DIRECTOR	12/01/2004	-	-
24	UOL OVERSEAS DEVELOPMENT PTE. LTD.	DIRECTOR	24/04/1995	-	-
25	UOL OVERSEAS INVESTMENTS PTE LTD	DIRECTOR	09/07/2007	-	-

KEY PERSONNEL PROFILE

Current Business Interest

26	UOL PROJECT MANAGEMENT SERVICES PTE. LTD.	DIRECTOR	01/02/2005	-	-
27	UOL PROPERTY INVESTMENTS PTE LTD	DIRECTOR	12/01/2004	-	-
28	UOL RESIDENTIAL DEVELOPMENT PTE. LTD.	DIRECTOR	06/05/2010	-	-
29	UOL SOMERSET INVESTMENTS PTE. LTD.	DIRECTOR	25/01/2008	-	-
30	UOL TREASURY SERVICES PTE. LTD.	DIRECTOR	24/11/2011	-	-
31	UOL VENTURE INVESTMENTS PTE. LTD.	DIRECTOR	09/07/2007	-	-
32	UVD PTE. LTD.	DIRECTOR	23/08/2010	-	-

Previous Business

No.	Name	Status	Position	Appt Date	Last Known Inactive Date
1	BRENDALE PTE. LTD.	LIVE COMPANY	ALTERNATE DIRECTOR	13/04/2005	-
2	CLIFFORD DEVELOPMENT PTE. LTD.	LIVE COMPANY	DIRECTOR	07/06/2006	12/03/2012
3	MOD.LIVING PTE LTD	LIVE COMPANY	DIRECTOR	12/01/2004	20/04/2012
4	MOD.LIVING PTE LTD	LIVE COMPANY	DIRECTOR	09/07/2007	20/04/2012
5	NASSIM PARK DEVELOPMENTS PTE. LTD.	LIVE COMPANY	SHAREHOLDER	-	08/09/2011
6	ORIX-UOL INVESTMENTS PTE. LTD.	IN LIQUIDATION - MEMBERS' VOLUNTARY WINDING UP	DIRECTOR	01/02/2007	-
7	PAN PACIFIC HOSPITALITY HOLDINGS PTE. LTD.	LIVE COMPANY	DIRECTOR	03/12/2007	08/12/2011
8	PAN PACIFIC HOSPITALITY PTE. LTD.	LIVE COMPANY	DIRECTOR	27/08/2007	08/03/2012
9	PAN PACIFIC INTERNATIONAL PTE. LTD.	LIVE COMPANY	DIRECTOR	01/03/2007	20/01/2012
10	PAN PACIFIC MARKETING SERVICES PTE. LTD.	LIVE COMPANY	DIRECTOR	17/12/2007	08/03/2012
11	PAN PACIFIC TECHNICAL SERVICES PTE. LTD.	LIVE COMPANY	DIRECTOR	19/12/2007	08/03/2012
12	PARKROYAL SERVICED RESIDENCES PTE. LTD.	LIVE COMPANY	DIRECTOR	12/01/2004	15/02/2012
13	PULAU HOLDINGS PTE LTD	LIVE COMPANY	DIRECTOR	13/01/2004	22/02/2012

KEY PERSONNEL PROFILE

Previous Business

14	TAMPINES CONDOMINIUM PTE LTD	DISSOLVED - MEMBERS' VOLUNTARY WINDING UP	DIRECTOR	05/09/2000	-
15	UNITED CHENGDU DEVELOPMENT PTE. LTD.	STRUCK OFF	DIRECTOR	05/05/2005	-
16	UNITED REGENCY PTE. LTD.	LIVE COMPANY	SHAREHOLDER	-	23/09/2011
17	UNITED VENTURE DEVELOPMENT (BEDOK) PTE. LTD.	LIVE COMPANY	SHAREHOLDER	-	07/05/2012
18	UOL VENTURE INVESTMENTS PTE. LTD.	LIVE COMPANY	DIRECTOR	29/07/2004	22/05/2012
19	VISTA DEVELOPMENT PTE. LTD.	IN LIQUIDATION - MEMBERS' VOLUNTARY WINDING UP	DIRECTOR	25/10/2005	-

Bankruptcy Record

(Status include petition filed, order made, discharge, annulment, set aside, rescinded and withdrawn)

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

Note: Please purchase case details to know the latest status.

Litigation Search – Writ of Summons

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

SUBSIDIARIES AND ASSOCIATE COMPANIES

Company	Shareholdings (%)
PARKROYAL ON PICKERING	NA (SOLE-PROPRIETOR)

BANKERS/ FINANCIERS

Subject enjoys a normal banking routine with its bankers. To date, there have been 4 bank charges registered against Subject by its bankers. The charge numbers are:

1)	Charge No.	:	C200902194
	Date of Registration	:	15/04/2009
	Chargee	:	UNITED OVERSEAS BANK LIMITED
	Amount Secured and Currency	:	All Monies
	Address	:	80 RAFFLES PLACE UOB PLAZA SINGAPORE 048624
2)	Charge No.	:	C200902193
	Date of Registration	:	15/04/2009
	Chargee	:	UNITED OVERSEAS BANK LIMITED
	Amount Secured and Currency	:	All Monies
	Address	:	80 RAFFLES PLACE UOB PLAZA SINGAPORE 048624
3)	Charge No.	:	C200902191
	Date of Registration	:	15/04/2009
	Chargee	:	UNITED OVERSEAS BANK LIMITED
	Amount Secured and Currency	:	All Monies
	Address	:	80 RAFFLES PLACE UOB PLAZA SINGAPORE 048624
4)	Charge No.	:	C200902187
	Date of Registration	:	15/04/2009
	Chargee	:	UNITED OVERSEAS BANK LIMITED
	Amount Secured and Currency	:	All Monies
	Address	:	80 RAFFLES PLACE UOB PLAZA SINGAPORE 048624

COMPLIANCE RECORDS

Date of Last AGM	:	13/04/2012
Date of Last AR	:	27/04/2012
Date of A/C Laid At Last AGM	:	31/12/2011

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

Financial Figures	Company
	DEC 2011	% Change	DEC 2010	DEC 2009	DEC 2008
Currency	SINGAPORE, DOLLARS		SINGAPORE, DOLLARS	SINGAPORE, DOLLARS	SINGAPORE, DOLLARS
Profit and Loss Key Figures
Turnover	238,465	-13.71	276,357	303,522	178,308
Profit/(Loss) Before Tax	52,458,348	118,982.78	44,052	130,902	(36,957,106)
Profit After Tax attributable to Shareholders	42,987,522	141,998.12	30,252	109,902	(36,969,106)
Balance Sheet Key Figures
Total Assets	379,751,211	35.53	280,204,804	254,249,776	243,631,934
Current Assets	1,195,090	127.78	524,667	101,697	421,991
Non Current Assets	378,556,121	35.35	279,680,137	254,148,079	243,209,943
Total Liabilities	173,592,641	48.33	117,033,756	216,108,980	205,601,040
Current Liabilities	162,679,388	3,310.97	4,769,296	1,388,394	2,689,742
Non Current Liabilities	10,913,253	-90.28	112,264,460	214,720,586	202,911,298
Shareholders' Funds	206,158,570	26.35	163,171,048	38,140,796	38,030,894
Share Capital	200,000,000	0.00	200,000,000	75,000,000	75,000,000
Total Reserves	6,158,570	NA	(36,828,952)	(36,859,204)	(36,969,106)

FINANCIAL RATIOS

	Company
	DEC 2011	DEC 2010	DEC 2009	DEC 2008
Growth %
Year-on-Year Growth	-13.71	-8.95	70.22	NA
Profitability
Profit Margin (%)	18,026.76	10.95	36.21	-20,733.29
Return on Equity (%)	20.85	0.02	0.29	-97.21
Return on Assets (%)	11.32	0.01	0.04	-15.17
Leverage
Total Debt/Equity (Times)	0.84	0.72	5.67	5.41
Current Debt/Equity (Times)	0.79	0.03	0.04	0.07
Long Term Debt To Equity (Times)	0.05	0.69	5.63	5.34
Total Asset To Total Equity (Times)	1.84	1.72	6.67	6.41
Asset Management
Total Assets Turnover (Times)	0.00	0.00	0.00	0.00
Fixed Assets Turnover (Times)	0.00	0.00	0.00	0.00
Liquidity
Current Ratio (Times)	0.01	0.11	0.07	0.16

FINANCIAL COMMENTARY

Compound Annual Growth Rate

The company's CAGR is 10.18% (3 years).

CAGR is the year-over-year growth rate of a company over a specified period. Instead of looking at the average growth rate, CAGR allow users to look at the annualized growth rate of a company over a given period, a more indicative measure of growth of a company’s performance over a given period.

Profitability

The company yielded a rate of net profit on sales of 18,026.76 per cent in FY11 (FY10: 10.95 per cent). The company is now able to book in SINGAPORE, DOLLARS 180.27 of profit for every SINGAPORE, DOLLARS of sales in FY11, as compared with SINGAPORE, DOLLARS 0.11 a year ago.

Liquidity

Current ratio stood at 0.01 times in FY11 (FY10: 0.11 times). This means that the company has SINGAPORE, DOLLARS 0.01 of current assets for every SINGAPORE, DOLLARS of current liability incurred.

FINANCIAL COMMENTARY

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.

Leverage

Total debt-to-equity ratio notched 0.84 times in FY11, compared with 0.72 times in FY10. This means that the company requires additional external financing of SINGAPORE, DOLLARS 0.84 for every SINGAPORE, DOLLARS injected into its operations.

Generally, a total debt-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 20.85 per cent for Subject in the current financial period, as compared to 0.02 per cent a year ago. 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 11.32 per cent (FY10: 0.01 per cent). The return on asset measures the overall effectiveness of management in generating profit with its available assets.

FINANCIAL COMMENTARY

Total assets turnover ratio logged at 0.00 times in FY11 (FY10: 0.00 times). 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.55.36
UK Pound	1	Rs.85.63
Euro	1	Rs.69.21

INFORMATION DETAILS

Report Prepared by :

PDT

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.