MIRA INFORM REPORT

Report Date :

19.05.2012

IDENTIFICATION DETAILS

Name :	GREENLAND GLOBAL PTE. LTD.
Registered Office :	63 Robinson Road #04-12 Afro-Asia Building Singapore 068894
Country :	Singapore
Date of Incorporation :	19.07.1982
Com. Reg. No.:	198203047C
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 :	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	A1	A1

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

Contact Points

Company Name:	Greenland Global Pte. Ltd.
Supplied Name:	Greenland Global Pte Ltd.
Trading Address:	63 Robinson Road #04-12 Afro-Asia Building Singapore 068894
Supplied Address:	63 Robinson Road 04-12 Afro Asia Bldg Singapore
Telephone Number:	+65-6336-3700
Fax Number:	+65-6336-1400

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

Credit Summary

Credit Opinion:

Business connections are permissible.

Special Notes

We tried to contact subject though the number +65-6336-3700, the relevant staff only confirmed subject’s name, address and contact information, while he declined to disclose any other information.

We found subject has a representative offices in Shanghai, the relevant staff Salina introduced that subject’s headquarter in Singapore is engaged in the financial service and other documents handling, and the main business of subject is in the mainland of China.

Company Identification Details

Registered Name:	Greenland Global Pte. Ltd.
Registered Address:	63 Robinson Road #04-12 Afro-Asia Building Singapore 068894
Date of Registration::	1982-7-19
Registered Number:	198203047C
Country of Incorporation:	Singapore
Registered Capital:	USD 250,000 SGD 2,500,000 (USD 1,978,750) (As of 2012.05, 1 SGD = 0.7915 USD)
Paid-up Capital:	USD 250,000 = 250,000 Shares@1 USD SGD 2,500,000 (USD 1,978,750) = 2,500,000 Shares@1 SGD
Legal Form:	Limited Exempt Private Company
Principal Activities:	46900--General Wholesale Trade (Including General Importers And Exporters) Daily files handling.
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2011-8-31

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

History

Subject was incorporated on 1982-7-19 with registered number 198203047C as Limited Exempt Private Company in Singapore.

Change of Name:

Date	Change
1982-7-19	Greenland Textiles Pte Ltd
2008-9-15	Greenland Global Pte. Ltd.

Shareholders

Name	Subscription Amount	Proportion of Investment (%)
Vangal Rangarajan Ranganathan	SGD 1	--
Jatia Siddharth Mohanlal	USD 250,000	100%
	SGD 2,499,999	100%
Total	USD 250,000	100%
	SGD 2,500,000	100%

Major Shareholder Information:

1
Name:	Vangal Rangarajan Ranganathan
ID Number:	S7385865H
Address:	207 Serangoon Central #11-198 Singapore 550207
2
Name:	Jatia Siddharth Mohanlal
ID Number:	S7385865H
Address:	31 Leonie Hill #16-01 Rivershire Singapore 239229

Subsidiaries & Branches

Shanghai Office

Address:	Changning District, Shanghai City, China
Tel:	+86-21-62904282
Contact: Person:	Salina sha

Management Information

Core Management

Detailed Information of Management:

1
Name:	Vangal Rangarajan Ranganathan
Position:	Director
ID Number:	S2662860A
Address:	207 Serangoon Central #11-198 Singapore 550207
Nationality:	Singapore Citizen
Date of Appointment:	2002-11-22
2
Name:	Vangal Rangarajan Ranganathan
Position:	Secretary
ID Number:	S2662860A
Address:	207 Serangoon Central #11-198 Singapore 550207
Nationality:	Singapore Citizen
Date of Appointment:	2011-7-1
3
Name:	Jatia Siddharth Mohanlal
Position:	Director
ID Number:	S7385865H
Address:	31 Leonie Hill #16-01 Rivershire Singapore 239229
Nationality:	Singapore P.R.
Date of Appointment:	2002-11-22
4
Name:	Yacoob S/O M A Abdul Kassim
Position:	Secretary
ID Number:	S1049733G
Address:	672B Klang Lane #03-91 Singapore 212672
Nationality:	Singapore Citizen
Date of Appointment:	2003-1-24

Operation Information

Offices & Factories

	Office
Address:	63 Robinson Road #04-12 Afro-Asia Building Singapore 068894

Operation Information

Subject is mainly engaged in financial service and other documents handling, and the main business of subject is in the mainland of China.

Subject’s staff Salina in Shanghai office introduced the office imports searing iron from India and sells it to China market in the past and at present it mainly purchases steel products from China steel plant and exports to overseas market.

And the office also supplies sourcing service for customers, they can purchase different items according to customers’ demands if they have available channels

Settlements

Subject does not have purchase and sales business, while it supplies L/C and other account service for it Shanghai office

Financial Information

In Singapore, Limited Exempt Private Companies are not obligated to submit their financial statements to the local registry. We did not find the financials of subject from the local registry,

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

Bankers

Charge 1
Charge Number:	C200809914
Date of Registration:	30-10-2008
Name:	Standard Chartered Bank
Amount Secured:	All Monies
Charge 2
Charge Number:	C201002960
Date of Registration:	08-04-2010
Name:	Indian Overseas Bank
Amount Secured:	All Monies
Charge 3
Charge Number:	C201111073
Date of Registration:	08-09-2011
Name:	Malayan Banking Berhad
Amount Secured:	All Monies

Auditors

Name:

Natarajan & Swaminathan

Interview Details

Name:

Salina Shan and operator in Singapore headquarter

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.88
UK Pound	1	Rs.86.46
Euro	1	Rs.69.49

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.