MIRA INFORM REPORT

Report Date :

04.07.2013

IDENTIFICATION DETAILS

Name :	OCEAN SKY GLOBAL (S) PTE. LTD.
Formerly Known As :	OCEAN SKY TRADING PTE. LTD.
Registered Office :	5 Tampines Central 1 #03-03 Tampines Plaza Singapore 529541
Country :	Singapore
Financials (as on) :	31.12.2011
Date of Incorporation :	28.02.2011
Com. Reg. No.:	201104778K
Legal Form :	Limited Private Company
Line of Business :	Manufacturer of wearing apparel except fur apparel nec (eg gloves and mittens, garters, handkerchiefs, raincoats, shawls and hair nets) Manufacturer of shirts & other outer garments
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 :	Slow
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 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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 0.8% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010, on the strength of renewed exports, before slowing to 5.2% in 2011 and 1.3% in 2012, largely a result of soft demand for exports during the second European recession. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to an average of about 1.0% 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

Company Name:	Registered Number:
OCEAN SKY GLOBAL (S) PTE. LTD.	201104778K

Date Incorporated:	Registered Office:	Telephone Number:
28/02/2011	5 TAMPINES CENTRAL 1 #03-03 TAMPINES PLAZA SINGAPORE 529541	NA
Age of Company:	Website:	Industry Type:
2	NA	MANUFACTURING

Risk Dashboard
Days Beyond Terms	Trend:	No. of Litigation Counts:
Company DTC:		NA
NA
The entity is paying current to the creditors		No. of Charges(s): 0
Industry DTC
25

Directors		Corporate Structure
Number of Current Directors	4	Holding Company:	SUNNY FORCE LIMITED
Number that are shareholders	1	No. of Subsidiaries & Associated Companies:	1

EXECUTIVE SUMMARY

Company Name	:	OCEAN SKY GLOBAL (S) PTE. LTD.
Registration No	:	201104778K
Date of Registration	:	28/02/2011
Former Name	:	1.OCEAN SKY GLOBAL PTE. LTD. Eff. date : 28/02/2011 Eff. date : 28/02/2011 2.OCEAN SKY TRADING PTE. LTD. Eff. date : 17/01/2012 Eff. date : 17/01/2012
Date of Change of Name	:	24/02/2012
Type of Company	:	LIMITED PRIVATE COMPANY
Registered Address	:	5 TAMPINES CENTRAL 1 #03-03 TAMPINES PLAZA SINGAPORE 529541
Date of Change of Address	:	28/02/2011
Contact No.	:	NA
Fax No.	:	NA
Website	:	NA
Registered Activities	:	1. GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS) 2. MANUFACTURE OF WEARING APPAREL EXCEPT FUR APPAREL NEC (EG GLOVES AND MITTENS, GARTERS, HANDKERCHIEFS, RAINCOATS, SHAWLS AND HAIR NETS) MANUFACTURE SHIRTS & OTHER OUTER GARMENTS
Issued Ordinary Capital*	:	$21,223,245.00 UNITED STATES OF AMERICA, DOLLARS ,NO. OF SHARE : 21,223,245
Issued Preference Capital	:	NA
Paid-Up Ordinary Capital	:	$21,223,245.00 UNITED STATES OF AMERICA, DOLLARS
Paid-Up Preference Capital	:	NA
* Number of Shares includes number of Issued Treasury Shares
Issued Treasury Capital	:	NA
Paid-Up Treasury Capital	:	NA
No. of Local Subsidiaries	:	1
No. of Local Associates	:	NA
Auditor	:	BDO LLP
Bankers / Financiers	:	NA
Turnover	:	SGD - SIN 0.00 (FY2011)
Net Worth	:	SGD - SIN 1.00 (FY2011)
No. of Bank Charges	:	NA
No. of Litigation Suits	:	NA
S1000 / SME 1000 / FG50 Ranking	:	No found for SINGAPORE 1000 and SME 1000
Compounded Annual Growth Rate (CAGR)	:	NA

SHAREHOLDER DETAILS

NAME	:	SUNNY FORCE LIMITED
SHAREHOLDER ID	:	T13UF1815B
NATIONALITY	:	VIRGIN ISLANDS, BRITISH
ADDRESS	:	P.O. BOX 957, OFFSHORE INCORPORATIONS CENTRE ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLAND
NO. OF ORD SHARES	:	21,223,245
% OF SHAREHOLDING	:	100%
CURRENCY	:	UNITED STATES OF AMERICA, DOLLARS

OFFICER DETAILS

NAME	:		TAN JASON SHAW TSE
ADDRESS	:		FLAT D, 14TH FLOOR, THE BROADVILLE 4 BROADWOOD ROAD, HONG KONG
POSITION	:		DIRECTOR
DATE OF APPT	:		30/04/2013
NATIONALITY	:		CHINESE
I/C PASSPORT	:		HA1622739
NAME		:		CHOI SUK YAN BELINDA
ADDRESS		:		FLAT B, 25TH FLOOR, CARNATION COURT 43 TAI HANG ROAD, HONG KONG
POSITION		:		DIRECTOR
DATE OF APPT		:		30/04/2013
NATIONALITY		:		CHINESE
I/C PASSPORT		:		K00306319
NAME		:		TAN HENRY
ADDRESS		:		FLAT A, 18TH FLOOR, TRAFALGAR COURT 70 TAI HANG ROAD, HONG KONG
POSITION		:		DIRECTOR
DATE OF APPT		:		30/04/2013
NATIONALITY		:		CHINESE
I/C PASSPORT		:		KJ0172818
NAME		:		LIM CHOON SENG
ADDRESS		:		9 BOON KENG ROAD #09-160 SINGAPORE 330009
POSITION		:		SECRETARY
DATE OF APPT		:		18/05/2013
NATIONALITY		:		SINGAPORE CITIZEN
I/C PASSPORT		:		S0073363F
NAME		:		GOH LENG TECK
ADDRESS		:		26 DOVER CRESCENT #25-63 SINGAPORE 130026
POSITION		:		DIRECTOR
DATE OF APPT		:		30/04/2013
NATIONALITY		:		SINGAPORE CITIZEN
I/C PASSPORT		:		S6807004Z

KEY PERSONNEL PROFILE

Name:	TAN JASON SHAW TSE
NRIC Number:	HA1622739
Available Address:	FLAT D, 14TH FLOOR, THE BROADVILLE 4 BROADWOOD ROAD, HONG KONG

Current Business Interest

No.	Name	Position	Appt Date	#of Share	%
1	OCEAN SKY GLOBAL (S) PTE. LTD.	DIRECTOR	30/04/2013	-	-
2	SUNGLOBE PTE LTD	DIRECTOR	30/04/2013	-	-

Previous Business

No.	Name	Status	Position	Appt Date	Last Known Inactive Date
No Trace

Bankruptcy Record

Case No.	Year	Date of Filing	Petitioner Name	Amount
No Trace

Litigation Search – Writ of Summons

Court	Case No.	Transfer	Year	Date of Filing	Amount	Cause Category
No Trace

SUBSIDIARIES AND ASSOCIATE COMPANIES

Company	Shareholdings (%)
SUNGLOBE PTE LTD	100

BANKERS/ FINANCIERS

Subject enjoys a normal banking routine with its bankers. To date, there are no bank charges registered against Subject by its bankers.

LITIGATION

Clear

COMPLIANCE

Date of Last AGM	:	29/06/2012
Date of Last AR	:	27/07/2012
Date of A/C Laid At Last AGM	:	31/12/2011

COMPLIANCE RATING FOR ANNUAL FILING

ANNUAL GENERAL MEETING,ANNUAL RETURN AND ACCOUNTS UP-TO-DATE

Note:

Provided by ACRA (Accounting and Corporate Regulatory Authority), the Compliance Rating for Annual Filing measures a company’s compliance with the provisions under S175, S197 or S201 of the Companies Act, Cap. 50.

Applicable to all “Live” locally incorporated companies except for the Limited Partnerships, Limited Liability Partnerships, Business Entities, Foreign Companies and Public Accounting Firms, the rating provide information on whether a company is up-to-date with the holding of its Annual General Meeting (AGM) with up-to-date financial statements and filing of its Annual Return (AR).

For more information: www.acra.gov.sg/compliance

FINANCIAL HIGHLIGHTS

Financial Figures	Company
	28/02/2011 To 31/12/2011
Currency	SGD-SIN
Profit and Loss Key Figures
Turnover	0
Profit/(Loss) Before Tax	0
Profit After Tax attributable to Shareholders	0
Balance Sheet Key Figures
Total Assets	1
Current Assets	1
Non Current Assets	0
Total Liabilities	0
Current Liabilities	0
Non Current Liabilities	0
Shareholders' Funds	1
Share Capital	1
Total Reserves	0

FINANCIAL RATIOS

	Company
	28/02/2011 To 31/12/2011
Growth %
Year-on-Year Growth	NA
Profitability
Profit Margin (%)	0.00
Return on Equity (%)	0.00
Return on Assets (%)	0.00
Leverage
Total Debt/Equity (Times)	0.00
Current Debt/Equity (Times)	0.00
Long Term Debt To Equity (Times)	0.00
Total Asset To Total Equity (Times)	1.00
Asset Management
Total Assets Turnover (Times)	0.00
Fixed Assets Turnover (Times)	0.00
Liquidity
Current Ratio (Times)	0.00

FINANCIAL COMMENTARY

Profitability

We are unable to comment on Subject's profitability.

Liquidity

We are unable to comment on Subject's liquidity.

Leverage

We are unable to comment on Subject's leverage.

Efficiency Ratio

We are unable to comment on Subject's return on equity.

We are unable to comment on Subject's return on assets.

We are unable to comment on Subject's total assets turnover ratio.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.10
UK Pound	1	Rs.91.07
Euro	1	Rs.77.95

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.