MIRA INFORM REPORT

Report Date :

14.09.2012

IDENTIFICATION DETAILS

Name :	Albizia Capital Pte. Ltd.

Registered Office :	6 Eu Tong Sen Street, #06-07, The Central Singapore 059817

Country :	Singapore

Date of Incorporation :	07.05.2009

Com. Reg. No.:	200908095K

Legal Form :	Limited Exempt Private Company

Line of Business :	Fund management activities

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Satisfactory
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

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:	Albizia Capital Pte. Ltd.
Supplied Name:	ALBIZIA CAPITAL PTE LTD.
Trading Address:	6 Eu Tong Sen Street, the central SOHO 1, #06-07, Singapore 059817
Supplied Address:	6 Eu Tong Sen Street, The central Soho 1, 06-07, Singapore 059817
Telephone Number:	+65-6224-2889
Fax Number:	+65-6224-9449
E-mail:	enquiry@albiziacap.com

Credit Summary

Credit Opinion:

Business connections are permissible.

Company Identification Details

Registered Name:	Albizia Capital Pte. Ltd.
Registered Address:	6 Eu Tong Sen Street, #06-07, The Central Singapore 059817
Date of Registration::	2009-5-7
Registered Number:	200908095K
Country of Incorporation:	Singapore
Registered Capital:	SGD 100,000.00 (USD 81,360) (As of 2012.09, 1 SGD = 0.8136 USD)
Paid-up Capital:	SGD 100,000.00 (USD 81,360) = 100,000 Shares@1 SGD
Legal Form:	Limited Exempt Private Company
Principal Activities:	66309 Fund management activities nec 66192 Corporate finance advisory services
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2012-7-31

Note: Subject declined to disclose its staff number; from other source we cannot obtain the relevant information, either.

History

Subject was incorporated on 2009-5-7 with registered number 200908095K as Limited Exempt Private Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Seow Han Yong Justin	100,000	100%
Total	100,000	100%

Major Shareholder Information:

Name:	Seow Han Yong Justin
ID Number:	S7305056A
Address:	12 Spottiswoode Park Road Singapore 088639
Nationality:	Singapore Citizen

Subsidiaries & Branches

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

Management Information

Core Management

Detailed Information of Management:

1
Name:	Seow Han Yong Justin
Position:	Director
ID Number:	S7305056A
Address:	12 Spottiswoode Park Road Singapore 088639
Nationality:	Singapore Citizen
Date of Appointment:	2009-5-7
2
Name:	Seow Han Chiang Winston
Position:	Secretary
ID Number:	S6831706A
Address:	312 Serangoon Avenue 2, #04-186, Singapore 550312
Nationality:	Singapore Citizen
Date of Appointment:	2009-10-28

Operation Information

Offices & Factories

	Office
Address:	6 Eu Tong Sen Street, the central SOHO 1, #06-07, Singapore 059817

Operation Information

l Subject is engaged in providing services of fund management and finance advisory, etc.

l Subject’s service region is major in Southeast Asia.

l Subject’s objective is to generate sustainable medium-long term investment return with less risk.

l Subject’s investment restrictions are as follows for reference:

1	Single Stock Limit 15%
2	Single Country Limit 50%
3	Private Equity/pre-IPO limit 10%
4	No Limit on Cash Holding

l It is introduced that subject has a fund as follows for reference:

Fund Name:	Albizia ASEAN Opportunities Fund
Minimum Subscription:	USD 100,000
Administrator/Custodian:	DBS Bank
Auditor:	Auditor

Settlements

It is introduced that the details of settlements are to be negotiated.

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

Subject declined to disclose its bank details; from other source we cannot obtain the relevant information, either.

Interview Details

Name:

Operator

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.44
UK Pound	1	Rs.89.31
Euro	1	Rs.71.62

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.