MIRA INFORM REPORT

Report Date :

09.03.2012

IDENTIFICATION DETAILS

Name :	MAHESH & CO PTE LTD

Registered Office :	36 Cuff Road, Singapore 209744

Country :	Singapore

Date of Incorporation :	25.03.1992

Com. Reg. No.:	199201540K

Legal Form :	Limited Exempt Private Company

Line of Business :	Import and sales of jeweler, etc. 46421 Gold Jeweler, Textiles & Consumer Electronics

No. of Employees :	10

RATING & COMMENTS

MIRA’s Rating :

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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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:	Mahesh & Co Pte Ltd
Supplied Name:	Mahesh & Co Pte Ltd
Trading Address:	36 Cuff Road, Singapore 209744
Supplied Address:	36 Cuff Road Singapore 209744
Telephone Number:	+65-62931390
Fax Number:	+65-62975676

Credit Summary

Credit Opinion:

Business connections are permissible.

Company Identification Details

Registered Name:	Mahesh & Co Pte Ltd
Registered Address:	36 Cuff Road, Singapore 209744
Date of Registration::	1992-3-25
Registered Number:	199201540K
Country of Incorporation:	Singapore
Registered Capital:	SGD 8,000,002.00 (USD 6,242,401.56) (As of 2012.3, 1 SGD = 0.7803 USD)
Paid-up Capital:	SGD 8,000,002.00 (USD 6,242,401.56) = 8,000,002 Shares@1 SGD
Legal Form:	Limited Exempt Private Company
Principal Activities:	Import and sales of jeweler, etc. 46421 Gold Jeweler, Textiles & Consumer Electronics
Staff:	About 10 employees
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2011-12-15

History

Subject was incorporated on 1992-3-25 with registered number 199201540K as Limited Exempt Private Company in Singapore.

Shareholders

Name	Subscription Shares	Proportion of Investment (%)
Madanlal Uttamram	200,001	2.5%
Ramilaben W/O Madanlal	200,001	2.5%
Mahesh Kumar	1,600,000	20%
Gita Mahesh	2,000,000	20%
Dhanesh Mahesh Kumar	2,000,000	25%
Keshika D/O Mahesh Kumar	400,000	5%
Bhavesh S/O Mahesh Kumar	1,600,000	20%
Total	8,000,002	100%

Major Shareholder Information:

1
Name:	Madanlal Uttamram
ID Number:	S0316804B
Address:	132 Tanjong Rhu Road #15-12 Pebble Bay Singapore 436919
Nationality:	Singapore Citizen
2
Name:	Ramilaben W/O Madanlal
ID Number:	S2032306Z
Address:	5 Siglap Drive Frankel Estate Singapore 456143
Nationality:	Singapore Citizen
3
Name:	Mahesh Kumar
ID Number:	S2150210C
Address:	130 Tanjong Rhu Road #11-01 Singapore 436918
Nationality:	Singapore Citizen
4
Name:	Gita Mahesh
ID Number:	S2202061G
Address:	130 Tanjong Rhu Road Pebble Bay Singapore 436918
Nationality:	Singapore Citizen
5
Name:	Dhanesh Mahesh Kumar
ID Number:	S8277005D
Address:	132 Tanjong Rhu Road #15-12 Pebble Bay Singapore 436919
Nationality:	Singapore Citizen
6
Name:	Keshika D/O Mahesh Kumar
ID Number:	S8611772Z
Address:	130 Tanjong Rhu Road #11-01 Singapore 436918
Nationality:	Singapore Citizen
7
Name:	Bhavesh S/O Mahesh Kumar
ID Number:	S8739833A
Address:	130 Tanjong Rhu Road #11-01 Pebble Bay Singapore 436918
Nationality:	Singapore Citizen

Management Information

Core Management

Detailed Information of Management:

1
Name:	Madanlal Uttamram
Position:	Director
ID Number:	S0316804B
Address:	132 Tanjong Rhu Road #15-12 Pebble Bay Singapore 436919
Nationality:	Singapore Citizen
Date of Appointment:	1992-3-25
2
Name:	Harikrishnan S/O Muthusamy
Position:	Secretary
ID Number:	S2135685I
Address:	101 Ah Hood Road #11-02 Singapore 320101
Nationality:	Singapore Citizen
Date of Appointment:	2000-10-1
3
Name:	Mahesh Kumar
Position:	Director
ID Number:	S2150210C
Address:	130 Tanjong Rhu Road #11-01 Singapore 436918
Nationality:	Singapore Citizen
Date of Appointment:	1992-3-30
4
Name:	Dhanesh Mahesh Kumar
Position:	Director
ID Number:	S8277005D
Address:	132 Tanjong Rhu Road #15-12 Pebble Bay Singapore 436919
Nationality:	Singapore Citizen
Date of Appointment:	2006-1-13
5
Name:	Bhavesh S/O Mahesh Kumar
Position:	Director
ID Number:	S8739833A
Address:	130 Tanjong Rhu Road, #11-01 Pebble Bay, Singapore 436918
Nationality:	Singapore Citizen
Date of Appointment:	2011-3-29

Personnel Structure

Total Employees

About 10 employees

Operation Information

Offices & Factories

	Office
Address:	36 Cuff Road, Singapore 209744

Purchase

l Subject purchases jeweler, garments, etc.

l Subject imports from China, Malaysia, etc.

Sales Information

l Subject is mainly engaged in sales of jeweler, garments, etc.

l Subject’s products include gold jeweler, diamond jeweler, watches, etc.

l Subject has both domestic and foreign markets.

l Subject exports to many countries according to customers’ orders.

Settlements

Purchase

Domestic Markets

Note: Subject mainly purchases from foreign markets.

Overseas Markets

Products	Payment Terms	Proportion
Jeweler, etc.	CBD, etc.	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
Jeweler, etc.	Cash, etc.	100%

Overseas Markets

Product	Sales Terms	Proportion
Jeweler, etc.	CBD, etc.	100%

Financial Information

In Singapore, Limited Exempt Private Companies are not obligated to submit their financial statements to the local registry.

The subject also declined to disclose such information due to the confidentiality reason.

And we could not obtain that form other sources, either.

Auditors

Name:

D. ARUMUGAM & CO

Public

Charges

Charge 1
Charge Number:	200103269
Date of Registration:	2001-7-16
Name:	The Development Bank Of Singapore Limited
Amount Secured:	All Monies
Charge 2
Charge Number:	C200300100
Date of Registration:	2003-1-17
Name:	UCO Bank
Amount Secured:	All Monies
Charge 3
Charge Number:	C200301363
Date of Registration:	2003-3-27
Name:	Indian Bank
Amount Secured:	All Monies
Charge 4
Charge Number:	C200401765
Date of Registration:	2004-4-7
Name:	The Bank Of Nova Scotia, Hong Kong
Amount Secured:	All Monies

Interview Details

Interview Date:	2012-3-8
Name:	Mahesh

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.57
UK Pound	1	Rs.79.56
Euro	1	Rs.66.49

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.