MIRA INFORM REPORT

Report Date :

30.05.2012

IDENTIFICATION DETAILS

Name :	IRUKA CORPORATION

Registered Office :	2, Samseong-dong, Gangnam-gu, Seoul, Korea, Rm.102-1005, Seokwang APT., Zip code 135-863

Country :	South Korea

Date of Incorporation :	Not Available

Com. Reg. No.:	Not Available

Legal Form :	Sole Proprietorship

Line of Business :	Not Available

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Undetermined
Payment Behaviour :	---
Litigation :	---

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)

South korea

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

Basic

Company Name	IRUKA CORPORATION (Korean Company Name : “N/A”)
Registered Address	2, Samseong-dong, Gangnam-gu, Seoul, Korea
Building	Rm.102-1005, Seokwang APT.
Zip Code	135-863
Tel	+82-2-562-1494
Fax	N/A
Trading Address	Rm.102-1005, Seokwang APT., 2, Samseong-dong, Gangnam-gu, Seoul, Korea
Tel	+82-2-562-1494
Fax	N/A
Type	N/A
Industry	N/A
Main Business	N/A
Established (mm/dd/yyyy)	N/A

Detailed Products

Activity	Detailed Products (UNSPSC)
Sell	N/A

CEO’s

Name	N/A
Address	N/A
Date of Birth	N/A
Title	Owner
Sex	N/A
Nationality	N/A

Profiles

Capital (KRW)	Not Applicable to the Sole Proprietorship
Employees	N/A
Formation	Sole Proprietorship
Bank Details	N/A
Corporate Registered No.	Not Applicable to the Sole Proprietorship
Business Registered No.	N/A. (The numbers are kept by the National Tax Service confidentially.) Because the subject’s full Business Registered No., for checking through the National Tax Service whether the subject is still existing or not, is not available, so we cannot confirm if the subject exist or not legally.)
Permit & Licenses	N/A
Shareholder Position	The owner has 100% shares.
Company History	N/A

In our research through the official sources including the Supreme Court Registry at which every Co Ltd type of Company should be registered, we could not find the subject company under the subject company name. So we submit the report as a Sole Proprietorship Type of Company as long as the subject company exists.

We tried to contact at the phone number, +82-2-562-1494, but no one received our calls. And we could not identify who’s whom on the number.

The premises(Building 59.67 sq. m) at Rm.102-1005, Seokwang APT., 2, Samseong-dong, Gangnam-gu, Seoul, Korea have been owned by Mr. Wui In-Kil(DOB : 10/19/1959) since 12/17/1998.

Management

Job Description	Title	Name	Sex	Nationality	Inauguration Date
Owner		N/A

Financials

The financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

Financial Description

Authorized Capital(KRW)	Not Applicable to the Sole Proprietorship
Paid-Up Capital(KRW)	Not Applicable to the Sole Proprietorship
Total Issued Shares	Not Applicable to the Sole Proprietorship

Products, Technologies, Services Description

Main Products & Services

N/A

Sales by Region

(Activity & Markets)

Not Available.

Court Action

Not Available.

News Clipping

---

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.58
UK Pound	1	Rs.87.14
Euro	1	Rs.69.73

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.