MIRA INFORM REPORT

Report Date :

26.03.2013

IDENTIFICATION DETAILS

Name :	IBM INDIA PRIVATE LIMITED (SINGAPORE BRANCH)
Registered Office :	7 Changi Business Park Central 1, IBM Place Singapore 486072
Country :	Singapore
Date of Incorporation :	04.12.2009
Com. Reg. No.:	T09FC0143L
Legal Form :	Foreign Company Registered In Singapore
Line of Business :	Trade and service for IBM India
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Maximum Credit Limit :	USD 10,000
Status :	Undetermined
Payment Behaviour :	Unknown
Litigation :	---

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 – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
Singapore	a1	a1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Contact Points

Company Name:	IBM India Private Limited (Singapore Branch)
Supplied Name:	IBM India Pvt. Ltd. (Singapore Branch)
Trading Address:	7 Changi Business Park Central 1, IBM Place Singapore 486072
Supplied Address:	7 Changi Business Park Central 1, The IBM Place, Singapore
Telephone Number:	+65-6418-1000
Fax Number:	+65-6418-2000
E-mail:	direct@sg.ibm.com / choesm@sg.ibm.com

Note:

The supplied name and address are incomplete, and the exact name and address are as above.

Special Note

According to the supplied name and address, we found a telephone number of subject (+65-6418-1000). And a lady answered the phone. She just confirmed the name and address, but she declined to disclose more details.

The registration files show that subject is engaged in business and management consultancy services, since we did not get in touch with subject, we can not confirm the information.

We found subject’s registration information as follows for reference.

Company Identification Details

Registered Name:	IBM India Private Limited (Singapore Branch)
Registered Address:	7 Changi Business Park Central 1, IBM Place Singapore 486072
Date of Registration::	2009-12-4
Registered Number:	T09FC0143L
Country of Incorporation:	India
Registered Capital:	SGD 2,303,592,480.00 (USD 1,782,680,000) (As of 2012.1, 1 SGD = 0.77387 USD)
Legal Form:	Foreign Company Registered In Singapore
Principal Activities:	Trade and service for IBM India
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	N/A

Note:

The staff number is not available from the subject or other sources.

History

Subject was incorporated on 2009-12-4 with registered number T09FC0143L as Foreign Company Registered in Singapore in Singapore.

Shareholders

The shareholder is not available from the subject or other sources.

Subsidiaries & Branches

Parent Company:

Name:	IBM India Private Limited
Address:	No.12, Subramanya Arcade, Bannerghatta Road, Bengaluru, 560029, India
Tel:	+91 80 4068-3000

Manage Information

Core Management

Detailed Information of Management:

1
Name:	SATISH KHATU
Position:	Director
ID Number:	710429268
Address:	2 Leonie Hill Road #24-01 Singapore 239192
Nationality:	American
Date of Appointment:	2002-1-16
2
Name:	ANITA SANGHI
Position:	Director
ID Number:	A2763932
Address:	A-3, 228/6, Chinnu Homes 1, Kagadasapura C V Raman Nagar, Bangalore-93
Nationality:	Indian
Date of Appointment:	2010-9-15
3
Name:	YOGESH DAYAL
Position:	Director
ID Number:	E1054053
Address:	E707, Raheja Residency, Koramangala, Bangalore-560034
Nationality:	Indian
Date of Appointment:	2005-3-18
4
Name:	ROBERT PARKER
Position:	Director
ID Number:	E7579851
Address:	Villa No. 159, Phase 1, Palm Meadows, Ramagondanahalli, Airport Varthur Road, Bangalore-56006
Nationality:	Australian
Date of Appointment:	2008-3-12
5
Name:	AMIT SHARMA
Position:	Director
ID Number:	E8848557
Address:	No. 209, Defence Colony, 3rd Main, 5th Cross, Indira Nagar, Bangalore-560038
Nationality:	Indian
Date of Appointment:	2010-9-15
6
Name:	KALPANA MARGABANDHU
Position:	Director
ID Number:	F3521952
Address:	Venkateswara Krupa, 1194, V Block, Rajaji Nagar, Bangalore-560010
Nationality:	Indian
Date of Appointment:	2005-9-29
7
Name:	RAJESH NAMBIAR
Position:	Director
ID Number:	F5749217
Address:	Adarsh Vista, Villa No. 70, Basvanagar, Off Airport Road, Bangalore-560037
Nationality:	Indian
Date of Appointment:	2007-3-20
8
Name:	K S RAGHUNANDAN
Position:	Director
ID Number:	F6833184
Address:	'NANDANA', #25, 8TH MAIN ROAD, SHANKARANAGAR, BANGALORE-560096
Nationality:	Indian
Date of Appointment:	2001-6-13
9
Name:	CHANDRASEKHAR SRIPADA
Position:	Director
ID Number:	F7634200
Address:	A-401, Sabari Aashiana, Deonar Farm Road, Deonar, Mumbai, Maharashtra-400088
Nationality:	Indian
Date of Appointment:	2009-9-29
10
Name:	SHANKAR ANNASWAMY
Position:	Director
ID Number:	F8750029
Address:	Villa No. A265, East Drive, Prestige Ozone, Varthur Main Road, Bangalore-560066
Nationality:	Indian
Date of Appointment:	2004-7-14
11
Name:	LIM TIONG BENG
Position:	Agent
ID Number:	S1073678A
Address:	2 Guok Avenue, Singapore 119632
Nationality:	Singapore Citizen
Date of Appointment:	2009-12-4
12
Name:	HOWE TEONG WEE JEFFREY
Position:	Agent
ID Number:	S1450119C
Address:	87a Sommerville Estate Road Sommerville Park, Singapore 258058
Nationality:	Singapore Citizen
Date of Appointment:	2009-12-4
13
Name:	GANESH MARGABANDHU
Position:	Director
ID Number:	Z1316817
Address:	#620, 22nd B Main Road, Hsr Layout, 2nd Sector, Bangalore-560034
Nationality:	Indian
Date of Appointment:	2004-8-18
14
Name:	R RAVIKUMAR
Position:	Director
ID Number:	Z1720413
Address:	#493, Embassy Heritage 62/2-1, 8th Main, Malleswaram, Bangalore-560055
Nationality:	Indian
Date of Appointment:	2007-9-29

Operation Information

Offices & Factories

	Office
Address:	7 Changi Business Park Central 1, IBM Place Singapore 486072

Operation Information

l Subject introduced that it is a branch of subject, helping subject trade of IBM products and supplying the after services.

l Subject declined to disclose more details of subject.

l Subject’s parent company IBM India Private Limited is mainly engaged in developing and supplying the software, computer hardware and other related services.

We obtained the registered activities of the subject as follows for reference.

Business Code	Details
62019	Software development, computer hardware and software services

Settlements

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

Financial Information

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore and the only source from which we can obtain the information is the subject itself.

And subject declined to disclose the financial information.

Bankers

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

Interview Details

Name:	Sarah Meiling Choe
Position:	Client Manager for wholesale.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.09
UK Pound	1	Rs.82.47
Euro	1	Rs.70.49

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.