MIRA INFORM REPORT

Report Date :

29.09.2012

IDENTIFICATION DETAILS

Name :	SUMBER INDAH PTE. LTD.

Registered Office :	1 North Bridge Road, #01-08, High Street Centre Singapore 179094

Country :	Singapore

Date of Incorporation :	03.11.1978

Com. Reg. No.:	197802818K

Legal Form :	Limited Exempt Private Company

Line of Business :	General wholesale trade (including general importers and exporters)

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

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

(31.03.2011)

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:	Sumber Indah Pte. Ltd.
Supplied Name:	Sumber Indah Pte Ltd.
Trading Address:	1 North Bridge Road, #01-08, High Street Centre Singapore 179094
Supplied Address:	1, North Bridge Road, 01-08, High Street Centre Singapore 179094
Telephone Number:	+65-6337-0895
Fax Number:	+65-6336-6743
E-mail:	sumber@singnet.com.sg

Credit Summary

Credit Opinion:

Business connections are permissible.

Company Identification Details

Registered Name:	Sumber Indah Pte. Ltd.
Registered Address:	1 North Bridge Road, #01-08, High Street Centre Singapore 179094
Date of Registration::	1978-11-3
Registered Number:	197802818K
Country of Incorporation:	Singapore
Registered Capital:	SGD 2,000,000.00 (USD 1,635,600) (As of 2012.09, 1 SGD = 0.8178 USD)
Paid-up Capital:	SGD 2,000,000.00 (USD 1,635,600) = 2,000,000 Shares@1 SGD
Legal Form:	Limited Exempt Private Company
Principal Activities:	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:	2012-3-9

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

History

Subject was incorporated on 1978-11-3 with registered number 197802818K as Limited Exempt Private Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Bhagwan Rochiram Kirpalani	1,050,000	52.5%
Jaikishin Bhagwandas Kirpalani	950,000	47.5%
Total	2,000,000	100%

Major Shareholder Information:

1
Name:	Bhagwan Rochiram Kirpalani
ID Number:	S2577689E
Address:	61 Bournemouth Road Singapore 436605
Nationality:	Singapore P.R.
2
Name:	Jaikishin Bhagwandas Kirpalani
ID Number:	S7081752G
Address:	61 Bournemouth Road Singapore 436605
Nationality:	Singapore Citizen

Subsidiaries & Branches

Subject did not introduce whether it has 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:	Bhagwan Rochiram Kirpalani
Position:	Director
ID Number:	S2577689E
Address:	61 Bournemouth Road, Singapore 436605
Nationality:	Singapore P.R.
Date of Appointment:	1978-11-3
2
Name:	BHAGWAN ROCHIRAM KIRPALANI
Position:	Secretary
ID Number:	S2577689E
Address:	61 Bournemouth Road, Singapore 436605
Nationality:	Singapore P.R.
Date of Appointment:	1985-9-2
3
Name:	Jaikishin Bhagwandas Kirpalani
Position:	Director
ID Number:	S7081752G
Address:	61 Bournemouth Road, Singapore 436605
Nationality:	Singapore Citizen
Date of Appointment:	1993-11-15

Operation Information

Offices & Factories

	Office
Address:	1 North Bridge Road, #01-08, High Street Centre Singapore 179094

Production Information

l Subject is a trader of calculator and watch, etc without any production activities.

Purchase Information

l It is introduced that subject purchases products mainly from abroad such as Japan, America, and so on.

Sales Information

l Subject is engaged in sales of calculator and watch, etc.

l Subject’s sales region is major in Singapore domestic market.

l Subject is the distributor of the brand “CASIO”.

Settlements

Purchase

Domestic Markets

Subject has little domestic purchase.

Overseas Markets

Products	Payment Terms	Proportion
Calculator and watch	CBD, etc	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
Calculator and watch	COD, CBD, etc	100%

Overseas Markets

Subject has little export.

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

Bank Charges

Charge 1
Charge Number:	199804583
Date of Registration:	1998-9-3
Name:	Oversea-Chinese Banking Corporation Limited
Amount Secured:	All Monies
Charge 2
Charge Number:	200002245
Date of Registration:	2000-5-23
Name:	Oversea-Chinese Banking Corporation Limited
Amount Secured:	All Monies
Charge 3
Charge Number:	C200305159
Date of Registration:	2003-10-29
Name:	Oversea-Chinese Banking Corporation Limited
Amount Secured:	All Monies
Charge 4
Charge Number:	C200802516
Date of Registration:	2008-3-14
Name:	DBS Bank Ltd.
Amount Secured:	All Monies
Charge 5
Charge Number:	C201003505
Date of Registration:	2010-4-28
Name:	United Overseas Bank Limited
Amount Secured:	All Monies
Charge 6
Charge Number:	C201010971
Date of Registration:	2010-11-18
Name:	Hong Leong Finance Limited
Amount Secured:	All Monies
Charge 7
Charge Number:	C201012178
Date of Registration:	2010-12-15
Name:	United Overseas Bank Limited
Amount Secured:	All Monies
Charge 8
Charge Number:	C201105645
Date of Registration:	2011-5-10
Name:	Sing Investments & Finance Limited
Amount Secured:	All Monies
Charge 9
Charge Number:	C201105657
Date of Registration:	2011-5-10
Name:	Sing Investments & Finance Limited
Amount Secured:	All Monies
Charge 10
Charge Number:	C201208578
Date of Registration:	2012-7-30
Name:	United Overseas Bank Limited
Amount Secured:	All Monies
Charge 11
Charge Number:	C201209962
Date of Registration:	2012-9-1
Name:	Standard Chartered Bank
Amount Secured:	All Monies
Charge 12
Charge Number:	C201209963
Date of Registration:	2012-9-1
Name:	Standard Chartered Bank
Amount Secured:	All Monies

Auditors

Name:

Natarajan & Swaminathan

Interview Details

Position:

Sales

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.69
UK Pound	1	Rs.85.71
Euro	1	Rs.68.15

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.