MIRA INFORM REPORT

Report Date :

05.09.2012

IDENTIFICATION DETAILS

Name :	RADEEP SERVICES
Registered Office :	77 High Street, #04-06, High Street Plaza Singapore 179433
Country :	Singapore
Date of Incorporation :	01.07.1998
Com. Reg. No.:	52871240C
Legal Form :	Sole Proprietorship
LINE OF BUSINESS :	SUBJECT IS ENGAGED IN GENERAL WAREHOUSING (SINCE WE DID NOT GET IN TOUCH WITH SUBJECT, WE CANNOT CONFIRM THE INFORMATION.)
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca

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 :	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 – June 30^th, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
Singapore	A1	A1

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

SINGAPORE - ECONOMIC OVERVIEW

Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. Real GDP growth averaged 8.6% between 2004 and 2007. The economy contracted 1.0% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010 and 4.9% in 2011, on the strength of renewed exports. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to a compound annual growth rate of just 1.8% in the last decade. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub

Source : CIA

Contact Points

Company Name:	RADEEP SERVICES
Supplied Name:	RADEEP SERVICES
Supplied Address:	No. 77, High Street Plaza, 04-06, High Street Singapore

Special Note

According to the supplied name and address, we couldn’t obtain the contact methods of subject. And if you can supply a photocopy of subject's letterhead, a current telephone or fax number for the company, we shall be pleased to have the investigation resumed.

The registration files show that subject is engaged in General warehousing, since we did not get in touch with subject, we cannot confirm the information.

We found subject’s registration information as follows for reference.

Company Identification Details

Registered Name:	RADEEP SERVICES
Registered Address:	77 HIGH STREET, #04-06, HIGH STREET PLAZA Singapore 179433
Date of Foundation:	1998-7-1
Date of Registration::	1998-7-6
Registered Number:	52871240C
Registered Capital:	N/A
Legal Form:	Sole Proprietorship
Principal Activities:	52101 General warehousing 46900 General wholesale trade (including general importers and exporters)
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No.
Date of Last Annual Return:	N/A

Note:

The registered capital and staff number are not available from the subject or other sources.

History

Subject was incorporated on 1998-7-6 with registered number 52871240C as Sole Proprietorship in Singapore.

Owner

Name:	HARDEEP SINGH
% of Shares:	100%
ID Number:	S7211183D
Address:	268C COMPASSVALE LINK #12-13 Singapore 543268
Date of Change of Address:	2010-4-4
Nationality:	Singapore Citizen
Date of Appointment:	1998-6-27

Subsidiaries & Branches

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

Manage Information

Core Management

Detailed Information of Management:

Name:	HARDEEP SINGH
Position:	Manager
ID Number:	S7211183D
Address:	268C COMPASSVALE LINK #12-13 Singapore 543268
Date of Change of Address:	2010-4-4
Nationality:	Singapore Citizen
Date of Appointment:	1998-6-27

Operation Information

Offices & Factories

	Office
Registered Address:	77 HIGH STREET, #04-06, HIGH STREET PLAZA Singapore 179433

Operation Information

We contacted the subject unsuccessfully.

We obtained the registered activities of the subject as follows for reference.

Business Code	Details
52101	General warehousing
46900	General wholesale trade (including general importers and exporters)

Settlements

We couldn’t contact the subject successfully, and the settlement information is not available from the subject or other sources.

Financial Figures

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore and the only source from which we can obtain the information is the subject itself.

And we couldn’t contact the subject successfully; the financial information is not available from the subject.

Bankers

Open Account Bank

The bankers’ information is not available from the subject or other sources.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.97
UK Pound	1	Rs.83.67
Euro	1	Rs.67.19

INFORMATION DETAILS

Report Prepared by :

PDT

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.