MIRA INFORM REPORT

Report Date :

05.03.2013

IDENTIFICATION DETAILS

Name :	VIRGOZ OILS AND FATS PTE. LTD.

Registered Office :	20 Cecil Street #18-08 Equity Plaza Singapore 049705

Country :	Singapore

Date of Incorporation :	14.09.2004

Com. Reg. No.:	200411727K

Legal Form :	Private Limited Liability Company

Line of Business :	Import & Export of Inedible And Fats, Palm Oil Commodities & Related Goods

No. of Employees :	About 10 Employees

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

(31.03.2011)

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:	VIRGOZ OILS AND FATS PTE. LTD.
Supplied Name:	VIRGOZ OILS AND FATS PTE LTD.
Trading Address:	20 Cecil Street #18-08 Equity Plaza Singapore 049705 Singapore
Supplied Address:	20 Cecil Street 18-08 Equity Plaza Singapore
Telephone Number:	+65-6532-7777
Fax Number:	+65-6532-0787

Notes:

The supplied address is incomplete, and the exact address is as above.

Credit Summary

Credit Opinion:

Business connections are permissible

Company Identification Details

Registered Name:	Virgoz Oils And Fats Pte. Ltd.
Registered Address:	20 Cecil Street #18-08 Equity Plaza Singapore 049705
Date of Registration::	2004-9-14
Registered Number:	200411727K
Country of Incorporation:	Singapore
Registered Capital:	SGD 5,000,000 (USD 4,061,500) (As of 2012.9, 1 SGD = 0.8123 USD)
Paid-up Capital:	SGD 5,000,000 (USD 4,061,500) = 5,000,000 Shares@1 SGD
Legal Form:	Private Limited Liability Company
Principal Activities:	Import & Export of Inedible And Fats, Palm Oil Commodities & Related Goods
Staff:	About 10 Employees
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2012-8-15

History

Subject was incorporated on 2004-9-14 with registered number 200411727K as Private Limited Liability Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Diana Virgo	500,000	10%
Robert	2,000,000	40%
Maria Wijaya	2,000,000	40%
Jhonny Virgo	500,000	10%
Total	5,000,000	100%

Major Shareholder Information:

1
Name:	Diana Virgo
Value:	SGD 500,000
ID Number:	N145095
Address:	Jln. Iskandar Muda No. 107 Medan - 20154, Indonesia
Nationality:	Indonesian
2
Name:	Robert
Value:	SGD 2,000,000
ID Number:	S2765408H
Address:	5 Jalan Rumbia #07-08 Imperial, The Singapore 239618
Nationality:	Indonesian
3
Name:	Maria Wijaya
Value:	SGD 2,000,000
ID Number:	S2765409F
Address:	5 Jalan Rumbia #07-08 Imperial, The Singapore 239618
Nationality:	Indonesian
4
Name:	Jhonny Virgo
Value:	SGD 500,000
ID Number:	S8066578D
Address:	5 Jalan Rumbia #07-08 Imperial, The Singapore 239618
Nationality:	Indonesian

Subsidiaries & Branches

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

Manage Information

Core Management

Detailed Information of Management:

1
Name:	Diana Virgo
Position:	Director
ID Number:	N145095
Address:	Jln. Iskandar Muda No. 107 Medan - 20154, Indonesia
Nationality:	Indonesian
Date of Appointment:	2004-9-14
2
Name:	Teo Meng Keon
Position:	Secretary
ID Number:	G6487278N
Address:	269 Bukit Batok East Avenue 4 #08-168 Singapore 650269
Nationality:	Malaysian
Date of Appointment:	2010-9-15
3
Name:	Tee Kok Heng
Position:	Director
ID Number:	S1312329B
Address:	177 Bishan Street 13 #02-181 Singapore 570177
Nationality:	Singapore Citizen
Date of Appointment:	2010-9-17
4
Name:	Robert
Position:	Director
ID Number:	S2765408H
Address:	5 Jalan Rumbia #07-08 Imperial, The Singapore 239618
Nationality:	Indonesian
Date of Appointment:	2004-9-14
5
Name:	Maria Wijaya
Position:	Director
ID Number:	S2765409F
Address:	5 Jalan Rumbia #07-08 Imperial, The Singapore 239618
Nationality:	Indonesian
Date of Appointment:	2009-11-16
6
Name:	Chan Lai Yin
Position:	Secretary
ID Number:	S7480587F
Address:	26 Simei Street 1 #11-08 Melville Park Singapore 529947
Nationality:	Singapore P.R.
Date of Appointment:	2010-6-30
7
Name:	Jhonny Virgo
Position:	Director
ID Number:	S8066578D
Address:	5 Jalan Rumbia #07-08 Imperial, The Singapore 239618
Nationality:	Indonesian
Date of Appointment:	2004-10-25

Personnel Structure

Total Employees

About 10 Employees

Operation Information

Offices & Factories

	Office
Address:	20 Cecil Street #18-08 Equity Plaza Singapore 049705 Singapore

Purchase

l The subject purchases Inedible and Fats, Palm Oil Commodities & Related Goods.

l The subject purchases from foreign countries such as Pakistan, etc.

Sales Information

l The subject is engaged in sale of Inedible and Fats, Palm Oil Commodities & Related Goods.

l The subject sells products around the world such as China.

Settlements

Purchase

Domestic Markets

The subject seldom purchases from domestic markets.

Overseas Markets

Products	Payment Terms	Proportion
Inedible and Fats, Palm Oil Commodities & Related Goods	CBD, etc	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
Inedible and Fats, Palm Oil Commodities & Related Goods	CBD, etc	100%

Overseas Markets

Product	Sales Terms	Proportion
Inedible and Fats, Palm Oil Commodities & Related Goods	CBD, etc	100%

Financial Figures

Year	Sales
2010	About USD 300,000,000

Notes: It was introduced from the subject and it is the estimated information and only for reference.

Bankers

Open Account Bank

Name:

DBS Bank

Auditors

Name:

Foo Kon Tan Grant Thornton Llp

Public

Charges

No charge record was found from public files.

Interview Details

Name:

Raymond Tee

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.05
UK Pound	1	Rs.82.75
Euro	1	Rs.71.61

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.