MIRA INFORM REPORT

Report Date :

30.05.2012

IDENTIFICATION DETAILS

Name :	TRANSASIA PACIFIC GGNR PTE. LTD.
Formerly Known As :	GUPTA GLOBAL NATURAL RESOURCES PTE. LTD.
Registered Office :	9 Raffles Place #58-09 Republic Plaza Singapore 048619
Country :	Singapore
Financials (as on) :	31.03.2011
Date of Incorporation :	11.08.2009
Com. Reg. No.:	200914643E
Legal Form :	Limited Private Company
Line of Business :	Other Investment Holding Companies
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

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 – 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:
TRANSASIA PACIFIC GGNR PTE. LTD.	200914643E

Date Incorporated:	Registered Office:	Telephone Number:
11/08/2009	9 RAFFLES PLACE #58-09 REPUBLIC PLAZA SINGAPORE 048619	NA
Age of Company:	Website:	Industry Type:
3	NA	COMMERCE-WHOLESALE

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): 2
Industry DTC
25

Directors		Corporate Structure
Number of Current Directors	5	Holding Company:	GUPTA COAL INDIA LIMITED
Number that are shareholders	1	No. of Subsidiaries & Associated Companies:	NA

EXECUTIVE SUMMARY

Company Name	:	TRANSASIA PACIFIC GGNR PTE. LTD.
Registration No	:	200914643E
Date of Registration	:	11/08/2009
Former Name	:	GUPTA GLOBAL NATURAL RESOURCES PTE. LTD. Eff. date : 11/08/2009 Eff. date : 11/08/2009
Date of Change of Name	:	04/08/2010
Type of Company	:	LIMITED PRIVATE COMPANY
Registered Address	:	9 RAFFLES PLACE #58-09 REPUBLIC PLAZA SINGAPORE 048619
Date of Change of Address	:	21/12/2010
Contact No.	:	NA
Fax No.	:	NA
Website	:	NA
Registered Activities	:	1. OTHER INVESTMENT HOLDING COMPANIES 2. GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)
Issued Ordinary Capital*	:	$21,265,437.00 SINGAPORE, DOLLARS, NO. OF SHARE : 21,265,437
Issued Preference Capital	:	NA
Paid-Up Ordinary Capital	:	$21,265,437.00 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	:	NA
No. of Local Associates	:	NA
Auditor	:	NATARAJAN & SWAMINATHAN
Bankers / Financiers	:	ICICI BANK LIMITED
Turnover	:	SGD - SIN 24,529,952.00 (FY2011)
Net Worth	:	SGD - SIN 536,550.00 (FY2011)
No. of Bank Charges	:	2
No. of Litigation Suits	:	NA
S1000 / SME 1000 / FG50 Ranking	:	No found for SINGAPORE 1000 and SME 1000
Compounded Annual Growth Rate (CAGR)	:	NA

SHAREHOLDER DETAILS

NAME	:	GUPTA COAL INDIA LIMITED
SHAREHOLDER ID	:	T09UF2895E
NATIONALITY	:	INDIA
ADDRESS	:	7TH FLOOR, SHRIRAM TOWERS, S. V. PATEL MARG, KINGSWAY, NAGPUR - 440 001, INDIA
NO. OF ORD SHARES	:	21,265,437
% OF SHAREHOLDING	:	100%
CURRENCY	:	SINGAPORE, DOLLARS

OFFICER DETAILS

NAME	:	AGARWALLA VIKASH
ADDRESS	:	7 SIGLAP ROAD #15-68 MANDARIN GARDENS SINGAPORE 448909
POSITION	:	DIRECTOR
DATE OF APPT	:	12/05/2011
NATIONALITY	:	INDIAN
I/C PASSPORT	:	G5058232P
NAME	:	PADMESH DEODUTTA GUPTA
ADDRESS	:	HOUSE NO. 190, HARI NIKUNJ, MUSEUM ROAD, CIVIL LINES, NAGPUR - 440 001, INDIA
POSITION	:	DIRECTOR
DATE OF APPT	:	11/08/2009
NATIONALITY	:	INDIAN
I/C PASSPORT	:	G6766646
NAME	:	ANURAG GUPTA
ADDRESS	:	HOUSE NO. 190, HARI NIKUNJ, MUSEUM ROAD, CIVIL LINES NAGPUR - 440 001, INDIA
POSITION	:	DIRECTOR MANAGING DIRECTOR
DATE OF APPT	:	15/05/2012 15/05/2012
NATIONALITY	:	INDIAN
I/C PASSPORT	:	G8136561
NAME	:	LOH MEI LING
ADDRESS	:	100 BEACH ROAD #30-00 SHAW TOWERS SINGAPORE 189702
POSITION	:	SECRETARY
DATE OF APPT	:	11/08/2009
NATIONALITY	:	SINGAPORE P.R.
I/C PASSPORT	:	S7379111A

KEY PERSONNEL PROFILE

Name:	PADMESH DEODUTTA GUPTA
NRIC Number:	G6766646
Available Address:	HOUSE NO. 190, HARI NIKUNJ, MUSEUM ROAD, CIVIL LINES, NAGPUR - 440 001, INDIA

Current Business Interest

No.	Name	Position	Appt Date	#of Share	%
1	RESOURCES CENTRAL PRIVATE LIMITED	DIRECTOR	14/04/2008	-	-
2	TRANSASIA PACIFIC GGNR PTE. LTD.	DIRECTOR	11/08/2009	-	-

Previous Business

No.	Name	Status	Position	Appt Date	Last Known Inactive Date
1	TRANSASIA PACIFIC GGNR PTE. LTD.	LIVE COMPANY	MANAGING DIRECTOR/SHR	05/10/2009	21/05/2012

Bankruptcy Record

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

Litigation Search – Writ of Summons

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

SUBSIDIARIES AND ASSOCIATE COMPANIES

Company	Shareholdings (%)
NA

BANKERS/ FINANCIERS

Subject enjoys a normal banking routine with its bankers. To date, there have been 2 bank charges registered against Subject by its bankers. The charge numbers are:

1)	Charge No.	:	C201201143
	Date of Registration	:	31/01/2012
	Chargee	:	ICICI BANK LIMITED
	Amount Secured and Currency	:	All Monies
	Address	:	9 RAFFLES PLACE #50-01 REPUBLIC PLAZA SINGAPORE 048619
2)	Charge No.	:	C201201140
	Date of Registration	:	31/01/2012
	Chargee	:	ICICI BANK LIMITED
	Amount Secured and Currency	:	All Monies
	Address	:	9 RAFFLES PLACE #50-01 REPUBLIC PLAZA SINGAPORE 048619

LITIGATION

Clear

COMPLIANCE RECORDS

Date of Last AGM	:	05/08/2011
Date of Last AR	:	19/08/2011
Date of A/C Laid At Last AGM	:	31/03/2011

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
	MAR 2011	% Change	MAR 2010
Currency	SGD - SIN		SGD - SIN
Profit and Loss Key Figures
Turnover	24,529,952	NA	0
Profit/(Loss) Before Tax	447,677	NA	(9,354)
Profit After Tax attributable to Shareholders	397,677	NA	(9,354)
Balance Sheet Key Figures
Total Assets	11,682,673	88,338.10	13,210
Current Assets	11,680,328	88,320.35	13,210
Non Current Assets	2,345	NA	0
Total Liabilities	11,146,123	49,851.25	22,314
Current Liabilities	11,146,123	49,851.25	22,314
Non Current Liabilities	0	NA	0
Shareholders' Funds	536,550	NA	(9,104)
Share Capital	148,227	59,190.80	250
Total Reserves	388,323	NA	(9,354)

FINANCIAL RATIOS

	Company
	MAR 2011	MAR 2010
Growth %
Year-on-Year Growth	NA	NA
Profitability
Profit Margin (%)	1.62	0.00
Return on Equity (%)	74.12	102.75
Return on Assets (%)	3.40	-70.81
Leverage
Total Debt/Equity (Times)	20.77	-2.45
Current Debt/Equity (Times)	20.77	0.00
Long Term Debt To Equity (Times)	0.00	0.00
Total Asset To Total Equity (Times)	21.77	-1.45
Asset Management
Total Assets Turnover (Times)	2.10	0.00
Fixed Assets Turnover (Times)	10,460.53	0.00
Liquidity
Current Ratio (Times)	1.05	0.59

FINANCIAL COMMENTARY

Profitability

The company yielded a rate of net profit on sales of 1.62 per cent in FY11. The company is now able to book in SGD - SIN 0.02 of profit for every SGD - SIN of sales.

Liquidity

Current ratio stood at 1.05 times in FY11 (FY10: 0.59 times). This means that the company has SGD - SIN 1.05 of current assets for every SGD - SIN of current liability incurred.

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.

FINANCIAL COMMENTARY

Leverage

Total debt-to-equity ratio notched 20.77 times in FY11. This means that the company requires additional external financing of SGD - SIN 20.77 for every SGD - SIN 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 74.12 per cent for Subject in the current financial period, as compared to 102.75 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 3.40 per cent. The return on asset measures the overall effectiveness of management in generating profit with its available assets.

Total assets turnover ratio logged at 2.10 times in FY11. 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.55.58
UK Pound	1	Rs.87.14
Euro	1	Rs.69.73

INFORMATION DETAILS

Report Prepared by :

PRL

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.