MIRA INFORM REPORT

Report Date :

31.03.2012

IDENTIFICATION DETAILS

Name :	VERIZON GLOBAL PTE. LTD.

Registered Office :	20, Cecil Street #20-01, Equity Plaza

Country :	Singapore

Date of Incorporation :	21.10.2011

Com. Reg. No.:	201131455N

Legal Form :	Limited Private Company

Line of Business :	International Trading In Chemicals And Petrochemicals

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Maximum Credit Limit :	USD 5,000
Status :	New company
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 – 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:	Verizon Global Pte. Ltd.
Supplied Name:	Verizon Global Pte Ltd.
Trading Address:	20, Cecil Street #20-01, Equity Plaza, Singapore
Supplied Address:	20, Cecil Street #20-01, Equity Plaza, Singapore
Telephone Number:	+65-6557-0030
Fax Number:	+65-6557-0040
E-mail:	jimmy@verizonglobal.com.sg

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

Credit Summary

Credit Rating:	Maximum credit USD 5,000
Credit Opinion:	Business connections are permissible.

Company Identification Details

Registered Name:	Verizon Global Pte. Ltd.
Registered Address:	20 Cecil Street 20-01 Equity Plaza Singapore 049705
Date of Registration::	2011-10-21
Registered Number:	201131455N
Country of Incorporation:	Singapore
Registered Capital:	SGD 2,020,000 (USD 1,607,112) (As of 2012.03, 1 SGD = 0.7956 USD)
Paid-up Capital:	SGD 2,020,000 (USD 1,607,112) divided into 1,000,000 Shares
Legal Form:	Limited Private Company
Principal Activities:	46649--International Trading In Chemicals And Petrochemicals
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	--

Notes: Subject declined to disclose its staff number; from other source we can not obtain the relevant information, either.

History

Subject was incorporated on 2011-10-21 with registered number 201131455N as Limited Private Company in Singapore.

Shareholders

Name	Subscription Shares	Proportion of Investment (%)
Tan Keng Tiong	255,000	25.5%
Venkatesh Raman	235,000	23.5%
Guangchin Limited	509,999	50.9999%
Presley International Limited	1	0.0001%
Total	1,000,000	100%

Major Shareholder Information:

1
Name:	Tan Keng Tiong
ID Number:	S1773522E
Address:	212 Bishan Street 23 #12-255 Singapore 570212
2
Name:	Venkatesh Raman
ID Number:	S2678782C
Address:	5000J Marine Parade Road #13-44 Lagoon View Singapore 449291
3
Name:	Guangchin Limited
ID Number:	T11UF4260J
Address:	Tmf Place, P.O. Box 964, Road Town Tortola, British Virgin Island
4
Name:	Presley International Limited
ID Number:	T12UF0172A
Address:	TMF Place, P.O. Box 964, Road Town Tortola British Virgin Islands

Subsidiaries & Branches

Subject did not introduce whether it has any subsidiaries or branches, from other source we can not obtain the relevant information, either.

Management Information

Core Management

Detailed Information of Management:

1
Name:	Wong Wai Bun
Position:	Director
ID Number:	H18968325
Address:	U0816, Jalan Off Tanjung Purun, P.O. Box 80148 87011 Labuan F.T., Malaysia
Nationality:	Malaysian
Date of Appointment:	2011-11-28
2
Name:	Tan Keng Tiong
Position:	Director
ID Number:	S1773522E
Address:	212 Bishan Street 23 #12-255 Singapore 570212
Nationality:	Singapore Citizen
Date of Appointment:	2011-11-16
3
Name:	Venkatesh Raman
Position:	Director
ID Number:	S2678782C
Address:	5000J Marine Parade Road #13-44 Lagoon View Singapore 449291
Nationality:	Singapore Citizen
Date of Appointment:	2011-11-16
4
Name:	Chek Khai Juat
Position:	Director
ID Number:	S2759057H
Address:	60 Lorong 4 Toa Payoh #13-117 Singapore 310060
Nationality:	Singapore P.R.
Date of Appointment:	2011-10-21
5
Name:	Kuah Eng Lian (Ke Yongnian)
Position:	Director
ID Number:	S6942812F
Address:	502 Serangoon North Avenue 4 #09-506 Singapore 550502
Nationality:	Singapore Citizen
Date of Appointment:	2011-11-28
6
Name:	Fazilah Abdul Rahman
Position:	Secretary
ID Number:	S7430698E
Address:	108 Simei Street 1 #02-748 Singapore 520108
Nationality:	Singapore Citizen
Date of Appointment:	2011-10-21

Operation Information

Offices & Factories

	Office
Address:	20, Cecil Street #20-01, Equity Plaza, Singapore

Production Information

l Subject is a trader of chemicals without any production activities itself.

Purchase Information

l Subject purchases chemicals mainly abroad from China, Indonesia and Thailand, etc

Sales Information

l Subject is engaged in sales of chemicals such as polymer

l Subject’s products are both sold in domestic and overseas market and it is introduced that subject can transfer the products from original place directly to customers.

Settlements

Purchase

Domestic Markets

Subject has little domestic purchase

Overseas Markets

Products	Payment Terms	Proportion
Chemicals, etc	CBD, etc	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
Chemicals, etc	CBD, etc	100%

Overseas Markets

Product	Sales Terms	Proportion
Chemicals, etc	CBD, etc	100%

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 should be the subject itself.

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

Bankers

Bank Charge

Charge Number	C201201360
Date of Registration	06-02-2012
Name	BNP Paribas
Amount Secured	All Monies

Auditors

Name:

One Partnership

Interview Details

Name:

Jimmy

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.15
UK Pound	1	Rs.81.79
Euro	1	Rs.68.34

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.