MIRA INFORM REPORT

Report Date :

13.09.2012

IDENTIFICATION DETAILS

Name :	THREEWINS RESOURCES

Registered Office :	160 Paya Lebar Road #06-01 Orion @ Paya Lebar Singapore 409022

Country :	Singapore

Date of Incorporation :	26.02.2010

Com. Reg. No.:	53182154D

Legal Form :	Sole Proprietorship

Line of Business :	Wholesaler Of Electronic Components

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 :	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

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:	Threewins Resources
Supplied Name:	Threewins Resources
Supplied Address:	160, Paya Lebar Road 06-01, Singapore 409022
Telephone Number:	+65-6744-1137
Fax Number:	+65-6744-1193

Notes: Subject’s exact name is as above and subject declined to confirm its trading address.

Credit Summary

Credit Opinion:

Since subject declined to disclose any information, in view of the absence of information about subject’s operation, caution should be exercised.

Special Notes

We tried to contact subject through the given phone number +65-6744-1137, the staff who answered the phone confirmed the company name, but declined to disclose any information to us.

We did not find any operation information or valid contact of subject from public files, either.

Subject’s registration files show subject’s principal activities as follows, the operation information is not confirmed by subject.

46522--Wholesale Of Electronic Components

46100--Wholesale On A Fee Or Contract Basis (Eg Commission Agents)

We found subject’s registration information from local registry, supplying as follows for reference.

Company Identification Details

Registered Name:	Threewins Resources
Registered Address:	160 Paya Lebar Road #06-01 Orion @ Paya Lebar Singapore 409022
Date of Registration::	2010-2-26
Commencement Date	2011-1-1
Renewal Date	2011-11-4
Expiry Date	2012-12-26
Registered Number:	53182154D
Registered Capital:	N/A
Legal Form:	Sole Proprietorship
Principal Activities:	46522--Wholesale Of Electronic Components 46100--Wholesale On A Fee Or Contract Basis (Eg Commission Agents)
Staff:	N/A
Status:	Live
Listed at Stock Exchange:	No
Date of Last Annual Return:	--

Notes: It is not required for Sole Proprietorship to register capital and the staff information is not available from subject or other sources.

History

Subject was incorporated on 2010-2-26 with registered number 53182154D as Sole Proprietorship in Singapore.

Owner

Name	Asian Carats Pte Ltd
Registered Number	199600943Z
Original Place	Singapore
Address	160 Paya Lebar Road #06-01 Orion @ Paya Lebar Singapore 409022
Date of Entry	2011-1-1

Subsidiaries & Branches

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

Operation Information

Offices & Factories

	Office
Address:	160, Paya Lebar Road 06-01, Singapore 409022

Operation Information

Subject declined to disclose any information; thus we supplied subject’s principal activities as follows for reference

46522--Wholesale Of Electronic Components

46100--Wholesale On A Fee Or Contract Basis (Eg Commission Agents)

Settlements

Information on settlement is not available from subject or other sources.

Financial Information

We did not find any financials of subject from local registry, and the only source from which we can obtain the information is 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

Information on Bank details is not available from subject or other sources.

Interview Details

Name:

N/A (The staff declined to disclose his name)

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.26
UK Pound	1	Rs.88.85
Euro	1	Rs.71.13

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.