MIRA INFORM REPORT

Report Date :

27.09.2012

IDENTIFICATION DETAILS

Name :	GIC SPECIAL INVESTMENTS PRIVATE LIMITED

Formerly Known As :	GIC (SPECIAL INVESTMENTS) PRIVATE LIMITED

Registered Office :	168 Robinson Road #37-01, Capital Tower Singapore 068912

Country :	Singapore

Date of Incorporation :	01.03.1999

Com. Reg. No.:	199900988R

Legal Form :	Private Limited Exempt Company

Line of Business :	supplier of the fund management services and the related services

No. of Employees :	About 1,000 Employees(Group)

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 – June 30^th, 2012

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

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:	GIC Special Investments Private Limited
Supplied Name:	GIC Special Investments Private Limited
Trading Address:	168 Robinson Road, #37-01 Capital Tower, Singapore 068912
Supplied Address:	168 Robinson Road #37-01 Capital Tower, Singapore 068912
Telephone Number:	+65-6889 8888
Fax Number:	+65-6889 8722
E-mail:	contactgic@gic.com.sg

Credit Summary

Credit Opinion:

Business connections are permissible.

Company Identification Details

Registered Name:	GIC Special Investments Private Limited
Registered Address:	168 Robinson Road #37-01, Capital Tower Singapore 068912
Date of Registration::	1999-3-1
Registered Number:	199900988R
Country of Incorporation:	Singapore
Registered Capital:	N/A
Legal Form:	Private Limited Exempt Company
Principal Activities:	66301 Asset/portfolio management
Staff:	About 1,000 Employees(Group)
Status:	Live Company
Listed at Stock Exchange:	No.
Date of Last Annual Return:	2012-9-13

Note:

The registered capital is not available from the subject or other sources.

History

Subject was incorporated on 1999-3-1 with registered number 199900988R as Private Limited Exempt Company in Singapore.

Change of Name:

Date	Change
1999-3-18	GIC (SPECIAL INVESTMENTS) PRIVATE LIMITED

Shareholders

Major Shareholder Information:

Name:	Government Of Singapore Investment Corporation Private Limited
Registered Number:	198102265N
Address:	168 Robinson Road #37-01 Capital Tower Singapore 068912
Country of Incorporation:	Singapore

Subsidiaries & Branches

Parent Company:

Name:	Government Of Singapore Investment Corporation Private Limited
Address:	168 Robinson Road, #37-01 Capital Tower, Singapore 068912

Offices:

1
Address:	10th Floor Shiodome City Center, 1-5-2 Higashi-shimabashi Minato-ku, Tokyo 105-7110, Japan
Telephone Number:	+81 3 3572 7188
Fax Number:	+81 3 5537 2208
2
Address:	10th Floor, Seoul Finance Center, 84 Taepyungro 1-ga Chung-gu, Seoul 100-768, Korea
Telephone Number:	+82 2 726 3300
Fax Number:	+82 2 726 3318
3
Address:	Unit 1928, Level 19, China World Tower 1, No. 1 Jian Guo Men Wai Ave, Beijing 100004 China
Telephone Number:	+86 10 6535 1010
Fax Number:	+86 10 6535 1078
4
Address:	Room 805, The Azia Centre, 1233 Lujiazui Ring Road, Shanghai, PRC
Telephone Number:	+86 21 6165 1919
Fax Number:	+86 21 6165 1900
5
Address:	Unit 83, 8th Floor, 3 North Avenue, Maker Maxity, Bandra Kurla Complex, Bandra (East), Mumbai 400051, India
Telephone Number:	+91 22 6150 2888
Fax Number:	+91 22 6150 2850
6
Address:	1st & 2nd floors, York House, 45 Seymour Street, London W1H 7LX, United Kingdom
Telephone Number:	+44 20 7725 3888
Fax Number:	+44 20 7725 3506
7
Address:	One Bush Street, Suite 1100, San Francisco, CA 94104, USA
Telephone Number:	+1 415 229 1800
Fax Number:	+1 415 229 1812
8
Address:	335 Madison Avenue, 24th Floor New York, NY 10017, USA
Telephone Number:	+1 646 658 2200
Fax Number:	+1 646 658 2122

Manage Information

Core Management

Detailed Information of Management:

1
Name:	NG KOK SONG
Position:	Director
ID Number:	S0183970E
Address:	9 MAYFIELD AVENUE Singapore 438023
Nationality:	Singapore Citizen
Date of Appointment:	2007-8-1
2
Name:	LIM SIONG GUAN
Position:	Director
ID Number:	S1063145I
Address:	69 CORONATION ROAD Singapore 269466
Nationality:	Singapore Citizen
Date of Appointment:	2007-9-22
3
Name:	TAY LIM HOCK
Position:	Director
ID Number:	S1540766B
Address:	59 Meyer Road #08-12 Seafront On Meyer, The Singapore 437880
Nationality:	Singapore Citizen
Date of Appointment:	2011-7-1
4
Name:	TEH KOK PENG
Position:	Director
ID Number:	S2507542J
Address:	25 BIN TONG PARK BIN TONG PARK Singapore 269806
Nationality:	Singapore Citizen
Date of Appointment:	1999-3-1
5
Name:	DEANNA ONG AUN NEE
Position:	Secretary
ID Number:	S7122513E
Address:	63 NAMLY GARDEN SHAMROCK PARK Singapore 267391
Nationality:	Singapore Citizen
Date of Appointment:	2010-10-15

Personnel Structure

Total Employees

About 1,000 Employees(Group)

Operation Information

Offices & Factories

	Office
Address:	168 Robinson Road, #37-01 Capital Tower, Singapore 068912

Production Information

l Subject is a supplier of the fund management services and the related services.

Purchase

l Subject doesn’t have purchase activity.

Sales Information

l Subject is mainly engaged in supplying of the fund management services and the related services.

l Subject introduced that it doesn’t own the funds it manages. It manages these funds on behalf of the Government of Singapore, its client.

l Subject indirectly introduced that the funds need invest with a long-term horizon, at least, 20 years.

l Subject introduced that it cannot manage the individual business at present.

l Subject’s nominal return is showed in USD terms, not SGD terms.

l Government Of Singapore Investment Corporation Private Limited, the parent company of subject is wholly owned by the Government of Singapore.

Settlements

Subject declined to disclose the settlements information, and from other sources, we couldn’t obtain the information, either.

Financial Information

In Singapore, Limited Exempt Private Companies are not obligated to submit their financial statements to the local registry. The subject also declined to disclose such information due to the confidentiality reason.

Bankers

Open Account Bank

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

Auditors

Name:

AUDITOR-GENERAL

Note:

A man declined to disclose his name.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.58
UK Pound	1	Rs.86.60
Euro	1	Rs.68.94

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.