TCRAP_Public/120928.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                      A S I A   P A C I F I C

         Friday, September 28, 2012, Vol. 15, No. 194

                            Headlines


A U S T R A L I A

DUNES PORT: Ferrier Hodgson Appointed as Receivers
GUNNS LTD: Appoints PPB Advisory as Voluntary Administrators
GUNNS LTD: Sale of Sawmills on Receivers' Top List
GUNNS LTD: Investors Brace for Losses Following Administration
PRIME TRUST: Judge Wants Speedy Trial in ASIC Suit Vs. Directors


H O N G  K O N G

1995 WESTERN: Members' Final Meeting Set for Oct. 19
ACCENTO DEVELOPMENT: First Meetings Slated for Oct. 9
ANGIDO NEW: Creditors' Proofs of Debt Due Oct. 31
CAPITALAND (HK): Members' Final Meeting Set for Oct. 25
CHARMS TEAM: Creditors' Proofs of Debt Due Oct. 19

DERNBERG COMPANY: Creditors' Proofs of Debt Due Oct. 31
FIRST NATURAL: Liu and Yen Step Down as Liquidators
GOODMAN FANLING: Members' Meeting Set for Oct. 22
KIN TAI: Boswell and Yat Appointed as Liquidators
ROUGH GEMSTONE: Creditors' Proofs of Debt Due Oct. 31

STANLEY HO: Lam Kam Chan Steps Down as Liquidator
SUN FOREST: Final Meetings Set for Oct. 22
TIN'S PLAZA: Members' Meeting Set for Oct. 22
TRADE LINK: Members' Final Meeting Set for Oct. 25
WING YIP: Members' Meeting Set for Oct. 22

YENHON (HK): Court to Hear Wind-Up Petition on Nov. 14


I N D I A

ADARSH ENGITECH: CARE Assigns 'CARE BB' Rating to INR3cr LT Loan
ASTRON PAPER: CARE Puts 'CARE BB' Rating on INR45cr LT Loan
B. K. POLIMEX: CARE Rates INR6cr LT Loan at 'CARE BB-'
INDIAN FROZEN: CARE Rates INR9.37cr LT Loan at 'CARE B+'
CORINA EXPORTS: CARE Assigns 'CARE B' Rating to INR2.77cr Loan

NIRMAN INDIA: CARE Rates INR2.5cr LT Loan at 'CARE BB'
PRECAST INDIA: CARE Assigns 'BB+(SO)' Rating to INR50cr Loan
RAYANA PAPER: CARE Assigns 'CARE BB+' Rating to INR30.59cr Loan
SRI JAIBALAJI: CARE Rates INR25.27cr LT Loan at 'CARE C'


J A P A N

AOZORA BANK: Cerberus Plans to Sell Stake as CEO Steps Down
SHARP CORP: To Cut 10,966 Jobs; Sell Off Assets


N E W  Z E A L A N D

BRIDGECORP LTD: NZICA Strikes Former CFO From Register
FIVE STAR: NZICA Strikes Off Former Director from Register


S I N G A P O R E

TEXACO POWER: Creditors' Proofs of Debt Due Oct. 20
TRYLINE INVESTMENTS: Creditors' Proofs of Debt Due Oct. 22
VREDELCO FOOD: Court to Hear Wind-Up Petition Oct. 5


X X X X X X X X

* Large Companies with Insolvent Balance Sheets


                            - - - - -


=================
A U S T R A L I A
=================


DUNES PORT: Ferrier Hodgson Appointed as Receivers
--------------------------------------------------
David Kidman and Martin Lewis of Ferrier Hodgson were appointed
Receivers and Managers of these entities last July 11, 2012:

   -- The Dunes Port Hughes Pty Ltd;
   -- Quickview Pty Ltd;
   -- TST (Australia) Pty Ltd; and
   -- TDPH Golf Operations Pty Ltd.

Messrs. Kidman and Lewis were also appointed on July 11, 2012 as
Receivers and Managers of certain property of Display Co. 3 Pty
Ltd.

"The Receivers and Managers' intention is to continue as
'business as usual' for the associated Deck Cafe and Greg Norman
designed Golf Course, whilst the properties associated with the
Companies and Display Co are marketed for sale," Ferrier Hodgson
said in statement.

The properties associated with the companies and Display Co are
listed for sale with Colliers International.

The receivers may be reached at:

          David Kidman
          Martin Lewis
          Ferrier Hodgson
          Level 6
          81 Flinders Street
          Adelaide SA 5000
          E-mail: david.kidman@fh.com.au
                  martin.lewis@fh.com.au


GUNNS LTD: Appoints PPB Advisory as Voluntary Administrators
------------------------------------------------------------
On Sept. 25, 2012, the directors of Gunns Limited and its 35
entities, and the responsible entity of Gunns Plantations Limited
appointed Ian Carson, Daniel Bryant and Craig Crosbie of PPB
Advisory as Voluntary Administrators.

KordaMentha has also been appointed Receivers and Managers.

"PPB Advisory's appointment follows the Group's ongoing review of
the business with this review focusing on debt restructuring and
capital raising initiatives. Unfortunately these initiatives have
not materialized resulting in the Directors having concerns about
Gunns' ability to meet its ongoing financial obligations," PPB
said in a statement.

"Our priority at this time is to work closely with creditors,
growers and other stakeholders to determine the best outcome. We
are now undertaking an urgent review of the business and will
update all parties on our progress and next steps," Daniel Bryant
of PPB Advisory said.

Based in Launceston, Australia, Gunns Limited (ASX:GNS) --
http://www.gunns.com.au/-- is an hardwood and softwood forest
products company. It operates within three segments: Forest
products, Timber products and Other activities.  Gunns has about
645 employees in Tasmania, Victoria, South Australia and Western
Australia.  Gunns Plantations Limited (GPL) is a Responsible
Entity that manages 21 registered agricultural Managed Investment
Schemes (MIS) on behalf of investors (growers).


GUNNS LTD: Sale of Sawmills on Receivers' Top List
--------------------------------------------------
Rebecca Urban at The Australian reports that the insolvency firm
overseeing the collapsed Gunns group has prioritized the sale of
the company's sawmills, and an announcement on the future of the
Bell Bay and Tarpeena operations is expected soon.

The Australian relates that KordaMentha, which was appointed
receiver and manager to the group on Tuesday, is in discussions
with prospective buyers for both sawmills but has warned that it
was "highly unlikely" that shareholders would see a return on
their investments.

The best chance for creditors, which include an ANZ-led banking
syndicate owed AUD560 million, remains the potential sale of
Gunns' stalled pulp mill project, which constitute the majority
of the group's assets, the report relays.

The Australian notes that while KordaMentha will undertake a
strategic review of the pulp mill, sources close to the timber
company argue that the previous investment case still stands,
despite political opponents declaring the contentious project
dead.

According to the report, KordaMentha partner Mark Korda said the
pulp mill, for which Gunns had already invested AUD255 million,
was relatively straightforward to restructure and the
receivership process could make finding a buyer easier than it
had proven for the debt-laden public company.

"It also affords an opportunity for someone who wanted to take
what's already been done and do something as those permits are
transferable," the report quotes Mr. Korda as saying.  "That's
not to say in this global economic climate that it's going to be
easy."

The Australian says Chinese group Shandong Bohui Paper is
understood to have been conducting due diligence on the Bell Bay
sawmill, which Gunns purchased for AUD48 million last year.

The report relates that Mr. Korda confirmed he was negotiating
with interested parties and expected an outcome within a week.
He said selling the sawmills was a priority given they employed
the bulk of the company's 500 staff, The Australian relays.

KordaMentha's role follows Gunn's appointment of PPB Advisory as
administrators earlier this week.

The collapse has also sparked fears over the company's managed
investment schemes, into which more than $600m has been invested.

KordaMentha's role so far does not extend to the responsible
entity for the schemes.

"The administrator's task will be to look at the value of each of
the 21 schemes," the report quotes PPB's Daniel Bryant as saying.
"It's a large task and will take some time."

A meeting of creditors is expected on Oct. 5, 2012.

Based in Launceston, Australia, Gunns Limited (ASX:GNS) --
http://www.gunns.com.au/-- is an hardwood and softwood forest
products company. It operates within three segments: Forest
products, Timber products and Other activities.  Gunns has about
645 employees in Tasmania, Victoria, South Australia and Western
Australia. Gunns Plantations Limited (GPL) is a Responsible
Entity that manages 21 registered agricultural Managed Investment
Schemes (MIS) on behalf of investors (growers).


GUNNS LTD: Investors Brace for Losses Following Administration
---------------------------------------------------------------
Andrew White at The Australian Business reports that investors
and a syndicate of banks led by ANZ face losses of hundreds of
millions of dollars as they wait to see whether Gunns Limited's
main asset -- the permits and approvals to build a pulp mill at
Bell Bay in Tasmania -- can find a buyer after the collapse of
the forestry company.

Investors including Perpetual, Bank of America Merrill Lynch,
Schroders Investment Management and hedge fund Matthews Capital
were left holding stakes of more than 5% of the company after its
shares were suspended from trading in March, and are thought
likely to lose their investment, according to The Australian
Business.

Based in Launceston, Australia, Gunns Limited (ASX:GNS) --
http://www.gunns.com.au/-- is an hardwood and softwood forest
products company. It operates within three segments: Forest
products, Timber products and Other activities.  Gunns has about
645 employees in Tasmania, Victoria, South Australia and Western
Australia.


PRIME TRUST: Judge Wants Speedy Trial in ASIC Suit Vs. Directors
----------------------------------------------------------------
smh.com.au reports that a Federal Court judge has ordered a
speedy trial in a case brought by the Australian Securities and
Investments Commission (ASIC) against Prime Trust's directors
over their involvement in the failed nursing home empire.

smh.com.au relates that Justice Bernard Murphy rejected
submissions from counsel for the directors that the proceeding
should be transferred to the Victorian Supreme Court, where a
compensation case dealing with many of the same events is already
under way.

According to the report, the corporate regulatory agency asked
the Federal Court to disqualify Peter Clarke, the chairman of
Victoria's urban renewal authority; Michael Wooldridge, a former
federal health minister; Bill Lewski; Kim Jaques; and Mark Butler
from being company directors, and order the men to pay a
pecuniary penalty.

Both the ASIC civil penalty case and the Supreme Court case, run
by receivers of Australian Property Custodian Holdings, the
company that controlled Prime Trust, deal with the payment of a
AUD33 million fee to Mr. Lewski, who founded the group, following
the listing of the trust on the Australian Securities Exchange in
2007, the report recounts.

Because of the apparent duplication, Supreme Court Judge Ross
Robson earlier this month described ASIC's Federal Court
proceedings as "prima facie vexatious and oppressive" and "very
odd".

"I consider that the interests of justice are best served by
ordering an expeditious trial of the penalty proceeding in this
court," Justice Murphy said in a Sept. 25 judgment.

He said he would like to start the trial on April 4 next year,
but would move it back to the first half of May if the parties
could not be ready in time, smh.com.au adds.

                         About Prime Trust

Prime Retirement and Aged Care Property Trust (ASX:PTN) --
http://www.primetrust.com.au/-- is an Australia-based investment
company.  The principal activity of the Trust is to invest funds
in property, primarily retirement and aged care facilities.  Its
subsidiaries include APCH Aged Care Services Pty Ltd, Hibiscus RV
Properties Pty Ltd, APCH Investments Pty Ltd, Carlyle Villages
Pty Ltd and Lindfield RV Properties Pty Ltd.

As reported in the Troubled Company Reporter-Asia Pacific on
Oct. 19, 2010, SmartCompany related that 10 retirement villages
that are owned by Prime Retirement and Aged Care Property Trust
have been placed in the hands of receivers after banks including
National Australia Bank and Suncorp Metway lost patience with the
group.  Suncorp appointed receivers from Ernst & Young to Prime
Trust's retirement villages in Bundaberg, Mackay and Townsville.
This triggered a swag of further appointments, with Craig Shepard
and Mark Korda of KordaMentha appointed to seven further
villages, including properties in Buderim, Nambour, Noosa and
Linfield. SmartCompany recalled shares in Prime Trust have been
suspended since early August, as the company tried to convince
its financiers it could restructure its operations and deal with
debts of about AUD275 million.  Receiver Craig Sheppard said the
properties, which are currently managed by Lend Lease Primelife,
would continue to operate as normal.

Stirling Horne and Petr Vrsecky of Lawler Draper Dillon were
appointed joint liquidators of Australian Property Custodian
Holdings Ltd., as Responsible Entity for The Prime Retirement &
Aged Care Property Trust, following the second creditors meeting
on Nov. 23, 2011.  Messrs. Horned and Vrsecky previously were
appointed joint administrators of the Trust on Oct. 18, 2010.



================
H O N G  K O N G
================


1995 WESTERN: Members' Final Meeting Set for Oct. 19
----------------------------------------------------
Members of 1995 Western Pacific Orthopaedic Association Congress
Limited will hold their final general meeting on Oct. 19, 2012,
at 4:00 p.m., at Suite 1201, Tower 2, The Gateway, at 25 Canton
Road, Tsimshatsui, Kowloon, in Hong Kong.

At the meeting, Wong Wa Sun Thomas, the company's liquidator,
will give a report on the company's wind-up proceedings and
property disposal.


ACCENTO DEVELOPMENT: First Meetings Slated for Oct. 9
-----------------------------------------------------
Creditors and contributories of Accento Development Limited will
hold their first meetings on Oct. 9, 2012, at 2:00 p.m., and
2:30 p.m., respectively at Units 511-512, 5/F, Tower 1,
Silvercord, at 30 Canton Road, Tsimshatsui, Kowloon, in Hong
Kong.

At the meeting, Ho Man Kit Horace and Kong Sze Man Simone, the
company's liquidators, will give a report on the company's wind-
up proceedings and property disposal.


ANGIDO NEW: Creditors' Proofs of Debt Due Oct. 31
-------------------------------------------------
Creditors of Angido New Media (Hong Kong) Limited, which is in
members' voluntary liquidation, are required to file their proofs
of debt by Oct. 31, 2012, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on Sept. 14, 2012.

The company's liquidators are:

         Andrew C.C. Ma
         Felix K.L. Lee
         19th Floor, Seaview Commercial Building
         21-24 Connaught Road
         West, Hong Kong


CAPITALAND (HK): Members' Final Meeting Set for Oct. 25
-------------------------------------------------------
Members of Capitaland (HK) Consultancy and Management Limited
will hold their final meeting on Oct. 25, 2012, at 10:00 a.m., at
the liquidator's office at Unit A, 5/F, Amtel Building, at 144-
148 Des Voeux Road Central, in Hong Kong.

At the meeting, Ha Yue Fuen Henry, the company's liquidator, will
give a report on the company's wind-up proceedings and property
disposal.


CHARMS TEAM: Creditors' Proofs of Debt Due Oct. 19
--------------------------------------------------
Creditors of Charms Team Limited, which is in members' voluntary
liquidation, are required to file their proofs of debt by
Oct. 19, 2012, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on Sept. 14, 2012.

The company's liquidators are:

         Thomas Andrew Corkhill
         Iain Ferguson Bruce
         8th Floor, Gloucester Tower
         The Landmark, 15 Queen's Road
         Central, Hong Kong


DERNBERG COMPANY: Creditors' Proofs of Debt Due Oct. 31
-------------------------------------------------------
Creditors of Dernberg Company Limited, which is in members'
voluntary liquidation, are required to file their proofs of debt
by Oct. 31, 2012, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on Sept. 14, 2012.

The company's liquidators are:

         Andrew C.C. Ma
         Felix K.L. Lee
         19th Floor, Seaview Commercial Building
         21-24 Connaught Road
         West, Hong Kong


FIRST NATURAL: Liu and Yen Step Down as Liquidators
---------------------------------------------------
Stephen Liu Yiu Keung and David Yen Ching Wai stepped down as
liquidators of First Natural Foods Holdings Limited on Sept. 4,
2012.


GOODMAN FANLING: Members' Meeting Set for Oct. 22
-------------------------------------------------
Members of Goodman Fanling Investments No. 1 Limited will hold
their meeting on Oct. 22, 2012, at 9:30 a.m., at 8/F Prince's
Building, at 10 Chater Road, Central, in Hong Kong.

At the meeting, Patrick Cowley, the company's liquidator, will
give a report on the company's wind-up proceedings and property
disposal.


KIN TAI: Boswell and Yat Appointed as Liquidators
-------------------------------------------------
Messrs. Anthony David Kenneth Boswell and Yat Kit Jong on
Sept. 3, 2012, were appointed as liquidators of Kin Tai Printing
Company Limited.

The liquidators may be reached at:

         Messrs. Anthony David Kenneth Boswell
         Yat Kit Jong
         22/F Princes Building
         5 Ice House Street
         Hong Kong


ROUGH GEMSTONE: Creditors' Proofs of Debt Due Oct. 31
-----------------------------------------------------
Creditors of Rough Gemstone Trading Company Limited, which is in
members' voluntary liquidation, are required to file their proofs
of debt by Oct. 31, 2012, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on Sept. 14, 2012.

The company's liquidators are:

         Andrew C.C. Ma
         Felix K.L. Lee
         19th Floor, Seaview Commercial Building
         21-24 Connaught Road
         West, Hong Kong


STANLEY HO: Lam Kam Chan Steps Down as Liquidator
-------------------------------------------------
Lam Kam Chan stepped down as liquidator of Stanley Ho Foundation
Limited on Sept. 12, 2012.


SUN FOREST: Final Meetings Set for Oct. 22
------------------------------------------
Members and creditors of Sun Forest Holdings Limited will hold
their final meetings on Oct. 22, 2012, at 10:00 a.m., and
10:30 a.m., respectively at Unit 1208, 12th Floor, Shui On
Centre, at 6-8 Harbour Road, Wanchai, in Hong Kong.

At the meeting, Leung Ka Lok, the company's liquidator, will give
a report on the company's wind-up proceedings and property
disposal.


TIN'S PLAZA: Members' Meeting Set for Oct. 22
---------------------------------------------
Members of Tin's Plaza Limited will hold their meeting on Oct.
22, 2012, at 10:00 a.m., at 8/F Prince's Building, at 10 Chater
Road, Central, in Hong Kong.

At the meeting, Patrick Cowley, the company's liquidator, will
give a report on the company's wind-up proceedings and property
disposal.


TRADE LINK: Members' Final Meeting Set for Oct. 25
--------------------------------------------------
Members of Trade Link Alliance Limited will hold their final
meeting on Oct. 25, 2012, at 10:00 a.m., at Room 1206, 12/F,
New Victory House, at 93-103 Wing Lok Street, Central, in Hong
Kong.

At the meeting, Tang Lai Sheung, the company's liquidator, will
give a report on the company's wind-up proceedings and property
disposal.


WING YIP: Members' Meeting Set for Oct. 22
------------------------------------------
Members of Wing Yip Investments No. 1 Limited will hold their
meeting on Oct. 22, 2012, at 10:30 a.m., at 8/F Prince's
Building, at 10 Chater Road, Central, in Hong Kong.

At the meeting, Patrick Cowley, the company's liquidator, will
give a report on the company's wind-up proceedings and property
disposal.


YENHON (HK): Court to Hear Wind-Up Petition on Nov. 14
------------------------------------------------------
A petition to wind up the operations of Yenhon (HK) Display
Company Limited will be heard before the High Court of Hong Kong
on Nov. 14, 2012, at 9:30 a.m.

Lei Tao filed the petition against the company on Sept. 7, 2012.

The Petitioner's solicitors are:

          Tsang, Chan & Woo
          12th Floor, Grand Building
          Nos. 15-18 Connaught Road
          Central, Hong Kong



=========
I N D I A
=========


ADARSH ENGITECH: CARE Assigns 'CARE BB' Rating to INR3cr LT Loan
----------------------------------------------------------------
CARE assigns 'CARE BB' and 'CARE A4' ratings to the bank
facilities of Adarsh Engitech Projects Pvt Ltd.

                                  Amount
   Facilities                  (INR crore)   Ratings
   -----------                 -----------   -------
   Long-term Bank Facilities     3.00        CARE BB Assigned
   Long-term / Short-term        6.50        CARE BB/CARE A4
     Bank Facilities                         Assigned

Rating Rationale

The ratings assigned to the bank facilities of Adarsh Engitech
Projects Pvt. Ltd. are primarily constrained on account of its
limited geographical presence in a highly competitive &
fragmented industry and client concentration risk. The ratings
are further constrained by AEPPL's modest scale of operations and
declining profitability.

The ratings, however, draw strength from AEPPL's experienced
promoters, diversified product/service offering, reputed
clientele, proximity to major customers and financial risk
profile marked by comfortable capital structure and moderate
liquidity indicators.

AEPPL's ability to increase its scale of operations and improve
its profitability along with diversification of client base is
the key rating sensitivity.

AEPPL was initially incorporated as Advance Finechem Pvt. Ltd in
November 1995 by Mr. Shantilal Jain and his family members. The
company changed its name to the present one in February 2005.
AEPPL has three business divisions i.e. engineering division, gas
division and automobiles division. Under the engineering
division, AEPPL provides turnkey contracting services for cathode
melting furnaces, attrition mills, heat exchangers, ammonia fuel
gas conditioning systems and undertakes job-work for
manufacturing of lead silver anodes and aluminium cathodes. These
equipment are used in the smelting industry, paper chemical
industry, power plants and construction industry. The gas
division involves manufacturing and trading of oxygen gas used
for industrial as well as medical purposes, while under the
automobile division, AEPPL operates dealership of Asia Motor
Works trucks and spare parts in South Rajasthan.

AEPPL has three associate concerns - Adarsh Gases & Techno
Industries & SRK Industrial Gases engaged in the manufacturing
and trading of industrial gases; Adarsh Equipment & Projects Pvt.
Ltd. engaged in manufacturing of engineering equipment.


ASTRON PAPER: CARE Puts 'CARE BB' Rating on INR45cr LT Loan
-----------------------------------------------------------
CARE assigns 'CARE BB' and 'CARE A4' ratings to the bank
facilities of Astron Paper & Board Mill Ltd.

                                  Amount
   Facilities                  (INR crore)   Ratings
   -----------                 -----------   -------
   Long-term Bank Facilities     45          CARE BB Assigned
   Short-term Bank Facilities     1          CARE A4 Assigned

Rating Rationale

The ratings assigned to the bank facilities of Astron paper &
Board Mill Limited are constrained primarily on account of the
delay in the implementation of the greenfield project, yet to be
achieved financial closure, highly fragmented Kraft paper
industry and susceptibility of profitability to volatile raw
material prices and exchange rate fluctuation. The above
constraints far offset the benefits derived from the vast
experience of its promoters in the paper packaging industry and
relatively lower saleability risk due to likely offtake from the
associates.

APBML's ability to achieve financial closure of the project,
stabilize operation in a timely manner and attain envisaged scale
of operations and profitability are the key rating sensitivities.

Incorporated in December 2010, Astron Paper & Board Mill Ltd. is
setting up a greenfield project at Surendranagar, Gujarat, for
manufacturing Kraft paper, with recycled (waste) paper as the raw
material. The project includes manufacturing capacity of 66,000
metric tonne per annum (MTPA) of Kraft paper along with a captive
power plant of three megawatt (MW). The key promoters Mr.
Kiritbhai Patel and Mr. Ramkant Patel have rich experience in
trading and manufacturing of Kraft paper and corrugated boxes.

The total cost of the project is estimated to be INR78.30 crore
to be financed by equity of INR25 crore, term loan of INR45.30
crore (INR30 crore sanctioned and balance INR15.30 crore under
consideration by the bank) and INR8 crore of unsecured loans from
the promoters. As on June 30, 2012, INR59.17 crore was deployed
towards the project, financed through term loan of INR30 crore,
INR24.24 crore infused by the promoters through equity and
unsecured loans and balance INR4.93 crore through creditors.


B. K. POLIMEX: CARE Rates INR6cr LT Loan at 'CARE BB-'
------------------------------------------------------
CARE assigns 'CARE BB-' rating to the bank facilities of B. K.
Polimex India Pvt Ltd.

                                  Amount
   Facilities                  (INR crore)   Ratings
   -----------                 -----------   -------
   Long-term Bank Facilities      6.00       CARE BB- Assigned

Rating Rationale

The rating of B. K. Polimex India Private Limited is constrained
by small scale of operations, thin profitability margins and
moderate capital structure.

The rating however derives strength from the experience of the
promoters in the PET resin business and distributorship from
Dhunseri Petrochem & Tea Ltd to market PET resins.

Ability to scale up operations, achieve profitability margins and
improve capital structure remains the key rating sensitivities.

Established in May 2003, B. K. Impex, a proprietary firm managed
by Mr. Zohar Abbas Karachiwala, was taken over by B. K. Polimex
India Pvt. Ltd., with effect from July 20, 2011. Established in
May 2009, BKPIPL, began operations in April 2011 and is owned and
managed by the Karachiwala family. BKPIPL is primarily engaged in
marketing of PET Resins which find its uses in manufacturing of
Jars and Bottles; it is also engaged in marketing of polymers.
BKPIPL has a distributorship from Dhunseri Petrochem & Tea Ltd.
for the past six years for the supply of PET Resins to the
western regions of India such as Gujarat, Maharashtra, Goa, etc.
BKPIPL has two offices located at Mumbai and Silvassa and also
has two warehouses located at Bhiwandi and Silvassa.

During FY12, (refers to period from April 1 to March 31) on
provisional basis, it reported net sales of INR54.49 Crs and
profit before tax of INR0.68 Crs.


INDIAN FROZEN: CARE Rates INR9.37cr LT Loan at 'CARE B+'
--------------------------------------------------------
CARE assigns 'CARE B+' rating to the bank facilities of Indian
Frozen Foods LLP.

                                  Amount
   Facilities                  (INR crore)   Ratings
   -----------                 -----------   -------
   Long-term Bank Facilities     9.37        CARE B+ Assigned

The rating assigned by CARE is based on the capital deployed by
the partners and the financial strength of the firm at present.
The rating may undergo change in case of the withdrawal of the
capital or the unsecured loans brought in by the partners in
addition to the financial performance and other relevant factors.

Rating Rationale

The rating assigned to the bank facilities of Indian Frozen Foods
LLP is primarily constrained by limited experience of the
promoters in the frozen food industry and implementation risk
associated with its debt-funded greenfield project. The rating is
further constrained due to the fragmented nature of the frozen
food industry, high working capital intensity in the business and
susceptibility of margins to fluctuation in agro-based raw
material prices.

The rating, however, does draw comfort from the location
advantage of the processing facility, favorable industry scenario
and government policies.

Going forward, the ability of the firm to complete the project
within the envisaged cost and time and achievement of the
projected operating income and profitability margins would be the
key rating sensitivities.

Incorporated in December 2010, by Mr. Ashol Ruhik and Mr. Amit
Shokeen, IFF is a limited liability partnership firm formed in
December 2010 and constituted by Mr. Ashol Ruhik and Mr. Amit
Shokeen as its partners. The firm is setting up its processing
facility at Udham Singh Nagar, Uttarakhand, for processing of
frozen vegetables (main products being peas, carrots,
cauliflowers and mix-veg, etc.), with a capacity to process 1.50
tonnes per hour. IFF is a group associate of Indian Foodtech
Limited, which is engaged in the processing of ready-to-eat food
products.


CORINA EXPORTS: CARE Assigns 'CARE B' Rating to INR2.77cr Loan
--------------------------------------------------------------
CARE assigns 'CARE B' and 'CARE A4' ratings to the bank
facilities of Corina Exports Private Limited.

                                  Amount
   Facilities                  (INR crore)   Ratings
   -----------                 -----------   -------
   Long-term Bank Facilities     2.77        CARE B Assigned
   Short-term Bank Facilities    5.00        CARE A4 Assigned

Rating Rationale

The ratings assigned to the bank facilities of Corina Exports
Private Limited are primarily constrained by its low
profitability margins, leveraged capital structure, its working
capital intensive nature of operations and its customer
concentration. The ratings also take cognizance of the residual
project execution risk, foreign exchange fluctuation risk and
presence in the highly competitive textile industry.

The ratings, however, do draw comfort from the qualified
promoters and favourable location of the manufacturing plant.

Going forward, completion of the ongoing expansion project within
time and cost estimates and effective working capital management
would be the key rating sensitivities.

Incorporated in 1995, CEPL commenced its business operations from
FY11 (refers to the period April 1 to March 31). The directors of
the company are Mr. Rishav Miglani and Mr. Ashish Miglani
(brother of Mr. Rishav Miglani). CEPL is a merchant export house
engaged in export of readymade garments to Middle East and Latin
America. CEPL is an associate concern of Pee Aar International
Pvt. Ltd. (PAIPL; rated 'CARE A4). PAIPL is engaged in the
manufacturing of apparels since 2002.

The company is setting up its own manufacturing facility at
Ludhiana with a capital expenditure of INR4.85 crore. The
proposed unit will have in-house divisions for knitting,
tailoring and designing.

For FY11, where the company operated for three months, CEPL
achieved total operating income of INR3.35 crore with PBILDT and
PAT of INR0.14 crore and INR0.04 crore, respectively. For FY12
(as per unaudited results), CEPL achieved a total operating
income of INR15.88 crore with PBILDT and PAT of INR0.80 crore and
INR0.17 crore, respectively.


NIRMAN INDIA: CARE Rates INR2.5cr LT Loan at 'CARE BB'
------------------------------------------------------
CARE assigns 'CARE BB' and 'CARE A4+' ratings to the bank
facilities of Nirman India Constructions Pvt Ltd.

                                  Amount
   Facilities                  (INR crore)   Ratings
   -----------                 -----------   -------
   Long-term Bank Facilities      2.50       CARE BB Assigned
   Short-term Bank Facilities     7.50       CARE A4+ Assigned

Rating Rationale

The ratings assigned to the bank facilities of Nirman India
Constructions Private Limited are primarily constrained by its
small scale of operations, geographical concentration risk and
fluctuating topline and revenues linked with investments in the
hospitality and commercial real estate sectors.

The ratings, however, does draw comfort from the experienced
promoters and their long track record of operations, reputed
client base, moderate order book and low debt levels.

Going forward, increase in the scale of operations while
maintaining profitability margin and the ability of the company
to successfully execute projects within time shall be the key
rating sensitivities.

Nirman India Construction Pvt. Ltd. was incorporated in 1994 by
Mr. Jaideep Vasudeva and Mr. Vidur Talwar. The company operates
in New Delhi and National Capital Region (NCR) and executes
contracts mainly for hotels and corporate offices. The company is
engaged in the development of infrastructure utilities which
involve sanitary and electrical fittings, furniture and flooring
works.

For FY12 (refers to the period April 1 to March 31), NICPL
achieved total operating income of INR10.99 crore with PBILDT and
PAT of INR1.03 crore and INR0.84 crore respectively.


PRECAST INDIA: CARE Assigns 'BB+(SO)' Rating to INR50cr Loan
------------------------------------------------------------
CARE assigns 'CARE BB+ (SO)' and 'CARE A4+ (SO)' ratings to the
bank facilities of Precast India Infrastructures Pvt. Ltd.

                               Amount
   Facilities                (INR crore)  Ratings
   -----------               -----------  -------
   Long-term Bank Facilities    50        CARE BB+(SO) Assigned
   Short-term Bank Facilities    8        CARE A4+(SO) Assigned

Rating Rationale

The above ratings are based on the credit enhancement in the form
of letter of comfort provided by Bhate & Raje Construction
Company Pvt Ltd. for the bank facilities of Precast India
Infrastructures Private Ltd.

The credit risk profile of Bhate & Raje Construction Company
Private Ltd. derives strength from the its experienced promoters
and long track record of operations, favorable financial risk
profile marked by comfortable solvency and profitability ratios
and adequate asset base levels. The ratings further derive
strength from the presence of sizeable cash and cash equivalents
held by BRCCPL. The ratings, however, are constrained by the
geographical and segmental concentration of operations to the
Pune region, moderate size of operations, short-term revenue
visibility with an outstanding Order book of 1.81x FY12 sales and
debt-funded capital expenditure plan.

The ability of the company to increase its scale of operations
without impacting its financial risk profile and diversify its
operations remains the key rating sensitivity.

Precast India Infrastructures Pvt. Ltd., incorporated in
December 2009, is a joint venture between A2Z Online Services
Pvt. Ltd (A2Z) (the Panchshil group) and Bhate & Raje
Constructions Pvt. Ltd. PIIPL started commercial production in
December 2011 and is engaged in the manufacturing of
prefabricated concrete structures used in the construction of
buildings, such as industrial, residential, commercial, hotel,
malls & schools. PIIPL's manufacturing facility is located in
Pune. The company's precast concrete products comprise hollow
core slabs, solid slabs, solid walls, prestressed beams &
rafters, columns and stairs.

                        About the Guarantor
           (Bhate & Raje Construction Company Pvt. Ltd)

Bhate & Raje Construction Company Private Ltd. was formed as a
registered partnership firm under the name and style of M/s Bhate
and Raje in 1992 and was later reconstituted into a closely held
private limited company in 1999 and rechristened to its current
nomenclature. BRCCL is a moderate-sized player in the
construction field and primarily undertakes construction of the
reinforced cement concrete (RCC) frame of building segments
institutional buildings, IT parks, industrial structures,
residential buildings, commercial buildings and townships.


RAYANA PAPER: CARE Assigns 'CARE BB+' Rating to INR30.59cr Loan
---------------------------------------------------------------
CARE assigns 'CARE BB+' and 'CARE A4+' ratings to the bank
facilities of Rayana Paper Board Industries Limited.

                                  Amount
   Facilities                  (INR crore)   Ratings
   -----------                 -----------   -------
   Long-term Bank Facilities      30.59      CARE BB+ Assigned
   Short-term Bank Facilities      0.66      CARE A4+ Assigned

Rating Rationale

The ratings assigned to the bank facilities of Rayana Paper Board
Industries Limited (RPB) are primarily constrained by working
capital intensive nature of its business, its presence in a
highly competitive industry along with the susceptibility to
volatility in the prices of the raw materials.

The ratings, however, draw comfort from the experienced
promoters, moderate financial risk profile, integrated plant
operations coupled with established dealer and distributor
network.
Going forward, the effective working capital management and the
ability of the company to maintain its profitability margins
would be the key rating sensitivities.

RPB is a closely held public limited company incorporated in
December 1986 and promoted by Mr. Lal Ji Singh and his brothers,
Mr. Ram Ji Singh and Mr. Bijendra Kumar Singh. RPB is engaged in
the manufacturing of industrial paper and Writing & Printing
paper (WPP) with an installed capacity of 16,500 tons per annum
(TPA) each. The company has two manufacturing facilities located
at Gorakhpur, Uttar Pradesh. RPB sells its paper products under
the brand name RAYANA all over India along with exports to Nepal
and Bhutan.

For FY12 (refers to the period April 1 to March 31), RPB achieved
total operating income of INR67.63 crore with PBILDT and PAT of
INR10.28 crore and INR2.06 crore, respectively.


SRI JAIBALAJI: CARE Rates INR25.27cr LT Loan at 'CARE C'
--------------------------------------------------------
CARE assigns 'CARE C' rating to the bank facilities of Sri
Jaibalaji Steel Rolling Mills Ltd.

                                  Amount
   Facilities                  (INR crore)   Ratings
   -----------                 -----------   -------
   Long-term Bank Facilities     25.27       CARE C Assigned

Rating Rationale

The rating assigned to the bank facilities of Sri Jaibalaji Steel
Rolling Mills Limited is primarily constrained by instances of
delay in debt servicing in the past caused by stressed liquidity
position due to delayed commencement of its operations. The
rating is further constrained due to SJB's limited track record
of operations, highly leveraged capital structure, working
capital intensive nature of operations, competition from various
organized and unorganized players, volatility in raw material
prices coupled with limited value addition leading to low margins
and cyclicality associated with steel business.

The rating, however, does draw comfort from the experienced
promoters and direct selling to established clients.

Going forward, the ability of the company to regularize its debt
servicing track record with improvement in the liquidity profile
and other financial indicators would be the key rating
sensitivity.

Sri Jaibalaji Steel Rolling Mills Limited is a closely held
public limited company incorporated in June 2008. The company is
promoted by Mr. Shashank Jain, Mr. Akash Kumar and Mr. Gaurav
Swarup. The manufacturing unit of the company is located at
Muzzafarnagar, Uttar Pradesh and commercial production commenced
in August 2010. The company is engaged in the manufacturing of
Thermo Mechanically Treated (TMT) steel bars with installed
capacity of 60,000 Metric Tonnes Per Annum (MTPA). The company is
ISO 9001:2008 and ISO 14001:2004 certified along with IS
1786:2008.

The company sells its finished products under the brand name
"Century" and mainly caters to Western Uttar Pradesh (UP), Delhi
and National Capital Region (NCR).

SJB is a group associate of Sri Jaibalaji Ispat Private Limited
(SJBI), which is engaged in the manufacturing of Mild Steel
(M.S.) Ingots. With the incorporation of SJB, the group has
integrated its operations forward into TMT bar manufacturing with
sourcing of raw material from SJBI.

For FY12 (based on the provisional results), SJB had achieved
total operating income of INR100.31 crore, with PAT of INR2.55
crore.



=========
J A P A N
=========


AOZORA BANK: Cerberus Plans to Sell Stake as CEO Steps Down
-----------------------------------------------------------
Bloomberg News reports that Cerberus Capital Management LP plans
to sell an undisclosed amount of its holdings in Japan's Aozora
Bank Ltd. as the lender's Chief Executive Officer Brian Prince
steps down.

Bloomberg relates that Cerberus, Aozora's biggest shareholder
with a 49.8% stake, will determine the timing and size of the
proposed sale based on market conditions, the bank said in a
statement to the Tokyo Stock Exchange.

The proposed sale by Cerberus sparked concern about a change of
control amid efforts by Mr. Prince to pay JYP227.6 billion
(US$2.93 billion) to taxpayers following a bailout, as well as
buying back stock and paying a bigger percentage of profit as
dividends, Bloomberg relays.

According to the report, Aozora said in a separate statement
Shinsuke Baba replaced Prince after the shareholder meeting
Tuesday.  Mr. Prince, who is stepping down for personal reasons,
will be chairman of the company, it said.

As reported in the Troubled Company Reporter-Asia Pacific on
Aug. 31, 2012, Moody's Japan K.K. affirmed the ratings of Aozora
Bank Ltd. (Baa2 stable; D+/ba1 stable), following the
announcement of its "comprehensive recapitalization plan" on
Aug. 27, 2012.

Aozora Bank has negotiated with its major stakeholders a
comprehensive plan to pay the government of Japan (Aa3 stable)
JPY227.6 billion in consideration for the JPY180 billion face
value in outstanding preference shares.

These will be paid in installments over a ten-year period.

The preference shares are mandatory convertible on October 3,
2012, and according to the plan, the mandatory conversion date
will be extended to June 30, 2022.

During this period Aozora will pay an annual super preferred
dividend of JPY20.5 billion, which under Japanese rules will be
treated as a repayment of public funds.

Furthermore, the bank will (1) make a JPY22.7 billion upfront
repayment to the government, thereby reducing the face value of
the preferred shares to JPY157 billion in the current fiscal year
ending March 2013; (2) buy back 20% of its common shares issued;
and (3) adopt a dividend payout ratio for common shares at 40% of
consolidated net income.

By changing the composition of capital, the bank aims to obtain
sufficient resources to fully repay the remaining public funds at
any time, and subject to the agreement of the government.

Aozora Bank Ltd. (TYO:8304) -- http://www.aozorabank.co.jp/-- is
a Japan-based regional bank that provides a range of banking
services.  The Bank operates in two business divisions.  The
Banking division is engaged in the provision of banking services,
including deposit, loan, domestic and foreign currency exchange,
as well as debt services for individual and corporate customers.
The Others segment is engaged in the securities business, such as
securities trading and securities investment services, as well as
the trust business, debt management and collection, venture
capital investment, and system development.  The Bank has 16
subsidiaries and 18 branch offices.


SHARP CORP: To Cut 10,966 Jobs; Sell Off Assets
-----------------------------------------------
The Japan Times Online reports that Sharp Corp. plans to slash a
total of 10,966 employees in Japan and overseas while selling off
assets to generate JPY213.1 billion by the end of next March,
according to the company's restructuring plan.

The report relates that the plan, submitted Monday to financial
institutions by the Osaka-based consumer electronics maker, shows
that the company will cut wages and unload its overseas plants, a
subsidiary and shareholdings in Toshiba Corp., while integrating
four domestic sales companies around next April.

To implement the plan, Sharp will set up an emergency management
committee Oct. 1 headed by President Takashi Okuda. The company
aims to return to profitability in the business year starting
next April with a group net profit of JPY14.6 billion, according
to the plan cited by The Japan Times Online.

According to the report, Sharp plans to overhaul its liquid
crystal display TV business, strengthen its small and medium-size
LCD panel business for smartphones, and substantially cut down
its solar battery operations.

By the end of March 2014, The Japan Times Online discloses, Sharp
will cut 19% of its current consolidated workforce of 57,170,
including reducing 3,100 domestically through voluntary and age-
limit retirement.  Other employees subject to the cuts include
those working at TV assembly plants in Mexico, China and Malaysia
that the company plans to sell, the report adds.

        Mulls Mobile Phone Business Tie-up with Fujitsu

In a separate report, The Japan Times Online relates that Sharp
Corp. is considering turning to Fujitsu Ltd. to integrate mobile
phone businesses to help recover its competitive edge in the
communications field.

According to the company's restructuring plan, through the
integration, the two companies' combined share would have more
than 30% of Japan's market, where it commanded the largest share
for a long time.  The report relates that the tie-up would serve
as a way out of cutthroat competition with its Japanese peers and
counter globally dominant foreign rivals like Apple Inc. and
Samsung Electronics Co.

Sharp plans to stick to the mobile phone business on its own for
the time being, according to the restructuring plan submitted to
financial institutions on Monday.

But Sharp may approach Fujitsu by the end of March, the close of
its business year, with a proposal for integrating their
operations if its domestic share and profit level fail to clear
targets, the plan, as cited by The Japan Times Online, said.

The Japan Times discloses that Sharp logged a record group net
loss of JPY376 billion in fiscal 2011 on slumping LCD TV and
panel sales and expects to remain in the red this business year.

To receive additional assistance from financial institutions,
Sharp is drawing up a restructuring plan to return to
profitability in the business year starting in April, including
asset sales and a substantial cut in its workforce, the report
notes.

                       About Sharp Corporation

Based in Osaka, Japan, Sharp Corporation (TYO:6753) --
http://sharp-world.com/-- manufactures and sells
electronic telecommunication devices, electronic machines and
components.

As reported in the Troubled Company Reporter-Asia Pacific on
Sept. 4, 2012, Standard & Poor's Ratings Services lowered to
'BB+' its long-term corporate credit and senior unsecured debt
ratings on Sharp Corp. and its overseas subsidiaries, Sharp
Electronics Corp. and Sharp International Finance (U.K.) PLC. "At
the same time, we lowered our short-term ratings on the companies
to 'B' from 'A-2'. We kept Sharp's long- and short-term ratings
on CreditWatch with negative implications," S&P said.

"Sharp's liquidity position is weakening, in Standard & Poor's
view. Internal cash flow remains weak, and financial market
conditions for the company have deteriorated. The company has
forecast an expected JPY250 billion net loss for fiscal 2012
(ending March 31, 2013), exceeding its budgeted depreciation
expense of JPY200 billion. As of June 30, 2012, Sharp had a high
dependence on short-term borrowings. It had JPY336 billion in
short-term debt and JPY362 billion in commercial paper. In recent
weeks, the company has faced unfavorable financial market
conditions, as evidenced by a recent rise in spreads on credit
default swaps, which has added to its difficulty in issuing new
commercial paper. Weak internal cash flow has forced the company
to repay its commercial paper primarily with bank borrowings.
Because its current liquidity needs exceed sources, we view
Sharp's liquidity position as 'less than adequate.' Under our
ratings criteria, we assign an issuer credit rating no higher
than 'BB+' to a company with 'less than adequate' liquidity," S&P
said.

The TCR-AP reported on Aug. 7, 2012, that Moody's Investors
Service downgraded its short-term ratings on Sharp Corporation
and its supported subsidiaries, Sharp International Finance (UK)
plc and Sharp Electronics Corporation, to Prime-3 from Prime-2.
The ratings remain under review for further downgrade. The rating
action reflects Moody's increasing concern that the company's
weak operating performance and additional restructuring costs
will continue to pressure its cash flow downwards, thereby
increasing its dependence on external sources for liquidity.



====================
N E W  Z E A L A N D
====================


BRIDGECORP LTD: NZICA Strikes Former CFO From Register
------------------------------------------------------
Ben Chapman-Smith at The New Zealand Herald reports that two
high-profile directors of failed finance companies and a third
Waikato accountant have had their names struck off the
professional register of accountants.

The Herald relates that jailed Bridgecorp chief financial officer
Rob Roest and Five Star Consumer Finance director Anthony Walpole
Bowden had their cases brought before a disciplinary tribunal
hearing in Auckland on Sept. 19, 2012.

Together with Robert Philip Bell from Tirau, the men were struck
off as members of the New Zealand Institute of Chartered
Accountants (NZICA) on Sept. 21, according to the report.

The Herald notes that Mr. Roest was currently serving nearly
seven years in jail after being found guilty on 18 charges of
misleading investors and other charges relating to the Medici
luxury launch.  He was sentenced in May to six years and six
months on 10 Securities Act charges and a further eight charges
brought under the Crimes Act and Companies Act.  He was found to
have knowingly made false statements.  Some charges related to
statements in Bridgecorp's offer documents that the company had
never missed a payment of interest or principal to investors.

Last month, the Herald cites, Mr. Roest was handed another three
months in jail for his part in the fraudulent use of $3.5 million
worth of Bridgecorp funds to buy the Medici yacht in 2002.

Mr. Roest did not attend the tribunal last week and entered no
plea, the report notes.

According to the Herald, the NZICA said Mr. Roest had acted
dishonestly "with intent to deceive the investing public, as the
Court found, is incompatible with membership of the Institute."

The Institute's Professional Conduct Committee successfully
sought full costs of NZ$4,100, although the tribunal recognized
Mr. Roest was now bankrupt.

The NZICA said the convictions reflected on Mr. Roest's fitness
to practice accountancy and brought the profession into
disrepute, the Herald reports.

                       About Bridgecorp Ltd

Based in New Zealand, Bridgecorp Ltd. was a property development
and finance company.

Bridgecorp was placed in receivership on July 2, 2007, after
failing to pay principal due to debenture holders.  John Waller
and Colin McCloy, partners at PricewaterhouseCoopers, were
appointed as receivers.  Bridgecorp owes around 14,500 investors,
which liquidators estimate to approximate NZ$500 million.

Bridgecorp's nine Australian companies were also placed into
voluntary administration, owing about 100 investors about
AUD24 million (NZ$27 million).


FIVE STAR: NZICA Strikes Off Former Director from Register
----------------------------------------------------------
Ben Chapman-Smith at The New Zealand Herald reports that two
high-profile directors of failed finance companies and a third
Waikato accountant have had their names struck off the
professional register of accountants.

The Herald relates that jailed Bridgecorp chief financial officer
Rob Roest and Five Star Consumer Finance director Anthony Walpole
Bowden had their cases brought before a disciplinary tribunal
hearing in Auckland on Sept. 19, 2012.

Together with Robert Philip Bell from Tirau, the men were struck
off as members of the New Zealand Institute of Chartered
Accountants (NZICA) on Sept. 21, according to the report.

The Herald notes Mr. Bowden was a former director of Five Star
Consumer Finance, which collapsed in 2007 with losses of $42
million.  Five Star Finance and Five Star Debenture Nominee owe a
further $43 million.

The report says Mr. Bowden pleaded guilty to Securities Act
charges late last year and was sentenced to nine months' home
detention and 300 hours' community work.

In June this year, the Herald recounts, Mr. Bowden pleaded guilty
to two theft charges brought by the Serious Fraud Office. He was
sentenced to another nine months' home detention and ordered to
complete an additional 100 hours' community work.

The Herald relates that the tribunal last week noted that Bowden
had acknowledged that his convictions "bring the profession into
disrepute".

"The Tribunal notes the Member's apology and remorse, and that he
has appeared at this hearing."

Nevertheless, the tribunal ordered Mr. Bowden to be struck off.

The Herald adds Mr. Bowden must pay costs of NZ$4,310.

                     About Five Star Finance

Established in 1992, Five Star Finance Limited focused on
financing real estate loans following a restructuring exercise
that created Five Star Consumer Finance in New Zealand and Five
Star Consumer Finance Pty in Australia.

Five Star Debenture Nominee Limited acted as debenture holder on
behalf of unsecured depositors and appeared to lend all of the
money it raised to Five Star Finance.

Five Star Finance Limited went into receivership on September 5,
2007.  Five Star Debenture Nominee Limited went into liquidation
on November 5, 2007.  At the start of the liquidation in June
2009, the shortfall of assets to liabilities was NZ$51.7 million,
according to The Dominion Post.  The Post says joint liquidator
Paul Sargison, of Gerry Rea & Associates, said the firm's
directors attributed the group's failure to the economic crisis
but his own appraisal is that Five Star has been insolvent since
no later than March 31, 2005.



=================
S I N G A P O R E
=================


TEXACO POWER: Creditors' Proofs of Debt Due Oct. 20
---------------------------------------------------
Creditors of Texaco Power and Gasification Asia Pte Ltd, which is
in voluntary liquidation, are required to file their proofs of
debt by Oct. 20, 2012, to be included in the company's dividend
distribution.

The company's liquidators are:

          Andrew Grimmett
          6 Shenton Way #32-00
          DBS Building Tower Two
          Singapore 068809


TRYLINE INVESTMENTS: Creditors' Proofs of Debt Due Oct. 22
----------------------------------------------------------
Creditors of Tryline Investments Pte Ltd, which is in voluntary
liquidation, are required to file their proofs of debt by Oct.
22, 2012, to be included in the company's dividend distribution.

The company's liquidators are:

          Chee Yoh Chuang
          Abuthahir Abdul Gafoor
          c/o 8 Wilkie Road
          #03-08 Wilkie Edge
          Singapore 228095


VREDELCO FOOD: Court to Hear Wind-Up Petition Oct. 5
----------------------------------------------------
A petition to wind up the operations of Vredelco Food Industries
Pte Ltd will be heard before the High Court of Singapore on Oct.
5, 2012, at 10:00 a.m.

Deloitte & Touche Financial Advisory Services Pte Ltd filed the
petition against the company on Sept. 12, 2012.

The Petitioner's solicitors are:

         Rajah & Tann LLP
         No. 9 Battery Road
         #25-01 Straits Trading Building
         Singapore 049910



===============
X X X X X X X X
===============


* Large Companies with Insolvent Balance Sheets
-----------------------------------------------

                                                         Total
                                         Total     Shareholders
                                        Assets           Equity
  Company                Ticker        (US$MM)          (US$MM)
  -------                ------         ------     ------------


AUSTRALIA


AAT CORP LTD                 AAT             32.50    -13.46
ALTIUM LTD                   ALU             24.26     -3.62
ARASOR INTERNATI             ARR             19.21    -26.51
AUSTRALIAN ZI-PP            AZCCA            77.74     -2.57
AUSTRALIAN ZIRC              AZC             77.74     -2.57
BIRON APPAREL LT             BIC             19.71     -2.22
CLARITY OSS LTD              CYO             31.64     -5.75
CNPR GROUP                   CNP         15,483.44   -349.73
CWH RESOURCES LT             CWH             11.58     -2.08
MACQUARIE ATLAS              MQA          1,618.82   -941.02
MISSION NEWENER              MBT             22.05    -27.72
NATURAL FUEL LTD             NFL             19.38   -121.51
ORION GOLD NL                ORN             10.91     -0.31
RENISON CONSOLID             RSN             10.15    -22.74
RENISON CONSO-PP            RSNCL            10.15    -22.74
RIVERCITY MOTORW             RCY            386.88   -809.14
RUBICOR GROUP LT             RUB            101.62    -19.93
STERLING BIOFUEL             SBI             31.12     -7.52


CHINA

ANHUI GUOTONG-A              600444          68.75     -3.62
BAOCHENG INVESTM             600892          43.58     -3.69
CHANG JIANG-A                 520         1,412.23    -34.77
CHENGDE DALU -B              200160          35.08     -6.23
CHENGDU UNION-A               693            29.46    -22.21
CHINA KEJIAN-A                 35            66.74   -211.15
CONTEL CORP LTD              CTEL            56.09    -14.27
DONGXIN ELECTR-A             600691          12.55    -32.52
GUANGDONG ORIE-A             600988          14.90     -3.96
GUANGXIA YINCH-A              557            50.01    -43.40
HEBEI BAOSHUO -A             600155          96.92    -82.96
HEBEI JINNIU C-A             600722         235.37    -87.11
HUASU HOLDINGS-A              509            82.75    -17.69
HULUDAO ZINC-A                751         1,156.17    -23.29
HUNAN TIANYI-A                908            62.60     -2.60
JILIN PHARMACE-A              545            30.62     -6.29
JINCHENG PAPER-A              820           109.56   -102.63
QINGDAO YELLOW               600579         197.77    -67.23
SHANDONG DACHE-A             600882         202.38    -17.37
SHANDONG HELON-A              677           744.39   -185.49
SHANG BROAD-A                600608          42.10     -9.12
SHANXI GUANLU-A               831           293.26    -22.96
SHENZ CHINA BI-A               17            22.32   -267.45
SHENZ CHINA BI-B             200017          22.32   -267.45
SHENZ INTL ENT-A               56           269.35    -48.30
SHENZ INTL ENT-B             200056         269.35    -48.30
SHIJIAZHUANG D-A              958           198.77   -118.66
SICHUAN GOLDEN               600678         145.99    -95.15
TAIYUAN TIANLO-A             600234          66.34    -12.60
TIANJIN MARINE               600751          70.78    -89.40
TIANJIN MARINE-B             900938          70.78    -89.40
TIBET SUMMIT I-A             600338          83.03    -10.94
TOPSUN SCIENCE-A             600771         125.34   -111.50
WUHAN BOILER-B               200770         255.82   -182.03
WUHAN LINUO SOLA             600885         104.94    -25.18
XIAMEN OVERSEA-A             600870         269.06   -133.94
XIAN HONGSHENG-A             600817          15.72   -276.16
XINJIANG CHALK-A              972           672.72    -24.08
YANBIAN SHIXIA-A             600462          96.06   -134.10
YIBIN PAPER IN-A             600793         131.24     -4.84
YOUYUE INTERNATI             YYUE           102.82     -9.02
YUEYANG HENGLI-A              622            33.31    -25.77
ZHEJIANG GENUINE              156            47.53    -21.44


HONG KONG

ASIA COAL LTD                 835            20.25     -9.45
BEP INTL HLDGS L              2326           12.99     -0.37
BUILDMORE INTL                108            16.51    -47.88
CHINA HEALTHCARE              673            33.18    -15.21
CHINA OCEAN SHIP              651           408.06    -51.68
CHINA SEVEN STAR              245            90.25     -2.25
CYPRESS JADE                  875            38.61    -10.78
FIRST NTUL FOODS              1076           17.14    -56.90
FU JI FOOD & CAT              1175           73.43   -389.20
MELCOLOT LTD                  8198           39.21    -76.03
MITSUMARU EAST K              2358           24.72    -18.95
PALADIN LTD                   495           175.99    -12.97
PROVIEW INTL HLD              334           314.87   -294.85
SINO RESOURCES G              223            31.27    -28.33
SUNCORP TECH LTD              1063           11.78     -8.30
SUNLINK INTL HLD              2336           15.63    -36.91
SURFACE MOUNT                SMT             67.80    -28.72
U-RIGHT INTL HLD              627            14.80   -204.65


INDONESIA

APAC CITRA CENT              MYTX           195.46     -0.74
ARPENI PRATAMA               APOL           431.45   -194.55
ASIA PACIFIC                 POLY           369.69   -833.16
JAKARTA KYOEI ST             JKSW            30.22    -42.19
MATAHARI DEPT                LPPF           254.86   -270.94
MITRA INTERNATIO             MIRA         1,076.79   -446.64
MITRA RAJASA-RTS           MIRA-R2        1,076.79   -446.64
PANASIA FILAMENT             PAFI            30.93    -21.52
PANCA WIRATAMA               PWSI            31.13    -38.63
PRIMARINDO ASIA              BIMA            11.11    -20.32
SUMALINDO LESTAR             SULI           172.87    -10.96
TOKO GUNUNG AGUN             TKGA            12.02     -1.03
UNITEX TBK                   UNTX            15.41    -19.99


INDIA

ABHISHEK CORPORA             ABSC            58.35    -14.51
AGRO DUTCH INDUS             ADF            105.49     -3.84
ALPS INDUS LTD               ALPI           215.85    -28.22
AMIT SPINNING                AMSP            16.21     -6.54
ARTSON ENGR                  ART             16.52     -3.14
ASHAPURA MINECHE             ASMN           167.68    -67.64
ASHIMA LTD                   ASHM            63.23    -48.94
ATV PROJECTS                 ATV             60.17    -54.25
BELLARY STEELS               BSAL           451.68   -108.50
BHAGHEERATHA ENG             BGEL            22.65    -28.20
BLUE BIRD INDIA              BIRD           122.02    -59.13
CAMBRIDGE TECHNO            CTECH            12.77     -7.96
CELEBRITY FASHIO             CFLI            27.59     -8.60
CFL CAPITAL FIN             CEATF            12.36    -49.56
CHESLIND TEXTILE             CTX             20.51     -0.03
COMPUTERSKILL                CPS             14.90     -7.56
CORE HEALTHCARE              CPAR           185.36   -241.91
DCM FINANCIAL SE            DCMFS            18.46     -9.46
DFL INFRASTRUCTU             DLFI            42.74     -6.49
DHARAMSI MORARJI             DMCC            21.44     -6.32
DIGJAM LTD                   DGJM            99.41    -22.59
DISH TV INDIA                DITV           517.02    -18.42
DISH TV INDI-SLB            DITV/S          517.02    -18.42
DUNCANS INDUS                DAI            122.76   -227.05
FIBERWEB INDIA               FWB             16.51     -7.98
GANESH BENZOPLST             GBP             49.24    -21.14
GOLDEN TOBACCO               GTO            109.72     -5.01
GSL INDIA LTD                GSL             29.86    -42.42
GUPTA SYNTHETICS            GUSYN            52.94     -0.50
HARYANA STEEL                HYSA            10.83     -5.91
HENKEL INDIA LTD             HNKL            69.07    -31.72
HINDUSTAN PHOTO              HPHT            74.44 -1,519.11
HINDUSTAN SYNTEX             HSYN            11.46     -5.39
HMT LTD                      HMT            133.66   -500.46
ICDS                         ICDS            13.30     -6.17
INDAGE RESTAURAN             IRL             15.11     -2.35
INTEGRAT FINANCE             IFC             49.83    -51.32
JCT ELECTRONICS              JCTE           104.55    -68.49
JD ORGOCHEM LTD              JDO             10.46     -1.60
JENSON & NIC LTD              JN             16.65    -75.51
JIK INDUS LTD                KFS             20.63     -5.62
JOG ENGINEERING              VMJ             50.08    -10.08
KALYANPUR CEMENT             KCEM            24.64    -38.69
KDL BIOTECH LTD              KOPD            14.66     -9.41
KERALA AYURVEDA              KERL            13.97     -1.69
KINGFISHER AIR               KAIR         1,782.32   -997.63
KINGFISHER A-SLB            KAIR/S        1,782.32   -997.63
KITPLY INDS LTD              KIT             37.68    -45.35
LLOYDS FINANCE               LYDF            14.71    -10.46
LLOYDS STEEL IND             LYDS           510.00    -48.98
LML LTD                      LML             65.26    -56.77
MADRAS FERTILIZE             MDF            143.14    -99.28
MAHA RASHTRA APE             MHAC            22.23    -15.85
MARKSANS PHARMA              MRKS           110.32    -14.04
MILTON PLASTICS              MILT            17.67    -51.22
MODERN DAIRIES               MRD             32.97     -3.87
MTZ POLYFILMS LT             TBE             31.94     -2.57
MURLI INDUSTRIES             MRLI           275.90    -20.19
MYSORE PAPER                 MSPM            97.02    -15.69
NATH PULP & PAP              NPPM            14.50     -0.63
NATL STAND INDI              NTSD            22.09     -0.73
NICCO CORP LTD               NICC            78.28     -4.14
NICCO UCO ALLIAN             NICU            25.42    -79.20
NK INDUS LTD                 NKI            141.35     -7.71
NRC LTD                      NTRY            73.10    -51.18
NUCHEM LTD                   NUC             24.72     -1.60
PANCHMAHAL STEEL             PMS             51.02     -0.33
PARASRAMPUR SYN              PPS             99.06   -307.14
PAREKH PLATINUM              PKPL            61.08    -88.85
PIONEER DISTILLE             PND             48.76     -1.44
PREMIER INDS LTD             PRMI            11.61     -6.09
QUADRANT TELEVEN             QDTV           188.57   -116.81
QUINTEGRA SOLUTI             QSL             16.76    -17.45
RAJ AGRO MILLS               RAM             10.21     -0.61
RATHI ISPAT LTD              RTIS            44.56     -3.93
RELIANCE MEDIAWO             RMW            425.22    -21.31
RELIANCE MED-SLB            RMW/S           425.22    -21.31
REMI METALS GUJA             RMM            101.32    -17.12
RENOWNED AUTO PR             RAP             14.12     -1.25
ROLLATAINERS LTD             RLT             22.97    -22.24
ROYAL CUSHION                RCVP            18.88    -81.42
SADHANA NITRO                SNC             17.08     -0.35
SANATHNAGAR ENTE             SNEL            39.67    -11.05
SAURASHTRA CEMEN             SRC             89.32     -6.92
SCOOTERS INDIA               SCTR            19.43    -10.78
SEN PET INDIA LT             SPEN            11.58    -26.67
SHAH ALLOYS LTD               SA            213.69    -39.95
SHALIMAR WIRES               SWRI            25.78    -38.78
SHAMKEN COTSYN               SHC             23.13     -6.17
SHAMKEN MULTIFAB             SHM             60.55    -13.26
SHAMKEN SPINNERS             SSP             42.18    -16.76
SHREE GANESH FOR             SGFO            35.96     -1.80
SHREE RAMA MULTI             SRMT            49.29    -25.47
SIDDHARTHA TUBES             SDT             75.90    -11.45
SOUTHERN PETROCH             SPET           210.98   -175.98
SPICEJET LTD                 SJET           386.76    -30.04
SQL STAR INTL                SQL             10.58     -3.28
STELCO STRIPS                STLS            14.90     -5.27
STI INDIA LTD                STIB            24.64     -0.44
STORE ONE RETAIL             SORI            15.48    -59.09
SUN PHARMA - RTS            SPADVR           16.81    -13.07
SUN PHARMA ADV              SPADV            16.81    -13.07
SUPER FORGINGS               SFS             16.31     -5.93
TAMILNADU JAI                TNJB            19.13     -2.69
TATA TELESERVICE             TTLS         1,311.30   -138.25
TATA TELE-SLB               TTLS/S        1,311.30   -138.25
TODAYS WRITING               TWPL            44.08     -5.32
TRIUMPH INTL                 OXIF            58.46    -14.18
TRIVENI GLASS                TRSG            24.23    -12.34
TUTICORIN ALKALI             TACF            20.48    -16.78
UNIFLEX CABLES               UFC             47.46     -7.49
UNIFLEX CABLES               UFCZ            47.46     -7.49
UNITED BREWERIES              UB          3,067.32   -137.09
UNIWORTH LTD                  WW            159.14   -146.31
UNIWORTH TEXTILE             FBW             21.44    -34.74
USHA INDIA LTD               USHA            12.06    -54.51
VANASTHALI TEXT              VTI             25.92     -0.15
VENTURA TEXTILES             VRTL            14.33     -1.91
VENUS SUGAR LTD               VS             11.06     -1.08
WIRE AND WIRELES             WNW            110.69    -14.26


JAPAN

CEREBRIX CORP                 2444           10.44     -2.32
GOYO FOODS INDUS              2230           14.77     -0.60
HIMAWARI HD                   8738          283.82    -50.87
ISHII HYOKI CO                6336          151.15    -28.05
KANMONKAI CO LTD              3372           59.00    -10.08
MEIHO ENTERPRISE              8927           80.76    -11.33
MISONOZA THEATRI              9664           63.24     -2.65
NIS GROUP CO LTD             NISZ           444.72   -158.85
PROPERST CO LTD               3236          305.90   -330.20
TAIYO BUSSAN KAI              9941          148.45     -1.49
WORLD LOGI CO                 9378          119.36     -2.48


KOREA

CHIN HUNG INT-2P              2787          571.91     -9.34
CHIN HUNG INTL                2780          571.91     -9.34
CHIN HUNG INT-PF              2785          571.91     -9.34
DAISHIN INFO                 20180          740.50   -158.45
DVS KOREA CO LTD             46400           17.40     -1.20
KOREA PACIFIC 05             93400           19.23     -3.67
KOREA PACIFIC 06             93410           11.56     -2.37
KOREA PACIFIC 07             99210           26.66     -7.95
NAMKWANG ENGINEE              1260          762.58    -56.69
ORIENT PREGEN IN             60910           19.33     -0.09


MALAYSIA

HAISAN RESOURCES            HRB              41.05    -10.24
HO HUP CONSTR CO             HO              48.52    -13.65
LINEAR CORP BHD             LINE             14.70     -7.41
SILVER BIRD GROU            SBG              44.30    -30.68
VTI VINTAGE BHD             VTI              16.01     -3.34


NEW ZEALAND

NZF GROUP LTD            NZF NZ Equity      142.71     -0.26


PHILIPPINES

CYBER BAY CORP              CYBR             14.62   -102.98
FIL ESTATE CORP              FC              40.90    -15.77
FILSYN CORP A               FYN              23.11    -11.69
FILSYN CORP. B              FYNB             23.11    -11.69
GOTESCO LAND-A               GO              21.76    -19.21
GOTESCO LAND-B              GOB              21.76    -19.21
PICOP RESOURCES             PCP             105.66    -23.33
STENIEL MFG                 STN              21.07    -11.96
SWIFT FOODS INC             SFI              23.93     -0.12
UNIWIDE HOLDINGS             UW              50.36    -57.19
VICTORIAS MILL              VMC             164.26    -18.20


SINGAPORE

ADV SYSTEMS AUTO             ASA             16.02    -10.79
HL GLOBAL ENTERP             HLGE            81.65     -3.82
LINDETEVES-JACOB              LJ             25.10     -8.96
NEW LAKESIDE                 NLH             19.34     -5.25
SCIGEN LTD-CUFS              SIE             68.70    -42.35
SUNMOON FOOD COM            SMOON            19.33    -14.30
TT INTERNATIONAL             TTI            232.83    -79.27


THAILAND

ABICO HLDGS-F             ABICO/F            15.28     -4.40
ABICO HOLDINGS             ABICO             15.28     -4.40
ABICO HOLD-NVDR           ABICO-R            15.28     -4.40
ASCON CONSTR-NVD          ASCON-R            59.78     -3.37
ASCON CONSTRUCT            ASCON             59.78     -3.37
ASCON CONSTRU-FO          ASCON/F            59.78     -3.37
BANGKOK RUBBER              BRC              77.91   -114.37
BANGKOK RUBBER-F           BRC/F             77.91   -114.37
BANGKOK RUB-NVDR           BRC-R             77.91   -114.37
CALIFORNIA W-NVD          CAWOW-R            28.07    -11.94
CALIFORNIA WO-FO          CAWOW/F            28.07    -11.94
CALIFORNIA WOW X           CAWOW             28.07    -11.94
CIRCUIT ELEC PCL           CIRKIT            16.79    -96.30
CIRCUIT ELEC-FRN          CIRKIT/F           16.79    -96.30
CIRCUIT ELE-NVDR          CIRKIT-R           16.79    -96.30
DATAMAT PCL                 DTM              12.69     -6.13
DATAMAT PCL-NVDR           DTM-R             12.69     -6.13
DATAMAT PLC-F              DTM/F             12.69     -6.13
ITV PCL                     ITV              36.02   -121.94
ITV PCL-FOREIGN            ITV/F             36.02   -121.94
ITV PCL-NVDR               ITV-R             36.02   -121.94
K-TECH CONSTRUCT          KTECH/F            38.87    -46.47
K-TECH CONSTRUCT           KTECH             38.87    -46.47
K-TECH CONTRU-R           KTECH-R            38.87    -46.47
KUANG PEI SAN              POMPUI            17.70    -12.74
KUANG PEI SAN-F           POMPUI/F           17.70    -12.74
KUANG PEI-NVDR            POMPUI-R           17.70    -12.74
M LINK ASIA CORP           MLINK             80.04    -27.77
M LINK ASIA-FOR           MLINK/F            80.04    -27.77
M LINK ASIA-NVDR          MLINK-R            80.04    -27.77
PATKOL PCL                 PATKL             52.89    -30.64
PATKOL PCL-FORGN          PATKL/F            52.89    -30.64
PATKOL PCL-NVDR           PATKL-R            52.89    -30.64
PICNIC CORP-NVDR          PICNI-R           101.18   -175.61
PICNIC CORPORATI           PICNI            101.18   -175.61
PICNIC CORPORATI          PICNI/F           101.18   -175.61
PONGSAAP PCL              PSAAP/F            11.83     -0.91
PONGSAAP PCL               PSAAP             11.83     -0.91
PONGSAAP PCL-NVD          PSAAP-R            11.83     -0.91
SAHAMITR PRESS-F           SMPC/F            27.92     -1.48
SAHAMITR PRESSUR            SMPC             27.92     -1.48
SAHAMITR PR-NVDR           SMPC-R            27.92     -1.48
SUNWOOD INDS PCL            SUN              19.86    -13.03
SUNWOOD INDS-F             SUN/F             19.86    -13.03
SUNWOOD INDS-NVD           SUN-R             19.86    -13.03
THAI-DENMARK PCL           DMARK             15.72    -10.10
THAI-DENMARK-F            DMARK/F            15.72    -10.10
THAI-DENMARK-NVD          DMARK-R            15.72    -10.10
TONGKAH HARBOU-F           THL/F             62.30     -1.84
TONGKAH HARBOUR             THL              62.30     -1.84
TONGKAH HAR-NVDR           THL-R             62.30     -1.84
TRANG SEAFOOD               TRS              15.18     -6.61
TRANG SEAFOOD-F            TRS/F             15.18     -6.61
TRANG SFD-NVDR             TRS-R             15.18     -6.61
TT&T PCL                    TTNT            589.80   -223.22
TT&T PCL-NVDR              TTNT-R           589.80   -223.22
TT&T PUBLIC CO-F           TTNT/F           589.80   -223.22


TAIWAN

BEHAVIOR TECH CO           2341S             30.60     -1.13
BEHAVIOR TECH CO           2341              30.60     -1.13
BEHAVIOR TECH-EC           2341O             30.60     -1.13
HELIX TECH-EC              2479T             23.39    -24.12
HELIX TECH-EC IS           2479U             23.39    -24.12
HELIX TECHNOL-EC           2479S             23.39    -24.12
TAIWAN KOL-E CRT           1606U            507.21   -147.14
TAIWAN KOLIN-EN            1606V            507.21   -147.14
TAIWAN KOLIN-ENT           1606W            507.21   -147.14



                             *********

Tuesday's edition of the TCR-AP delivers a list of indicative
prices for bond issues that reportedly trade well below par.
Prices are obtained by TCR-AP editors from a variety of outside
sources during the prior week we think are reliable.   Those
sources may not, however, be complete or accurate.  The Tuesday
Bond Pricing table is compiled on the Friday prior to
publication.  Prices reported are not intended to reflect actual
trades.  Prices for actual trades are probably different.  Our
objective is to share information, not make markets in publicly
traded securities.  Nothing in the TCR-AP constitutes an offer
or solicitation to buy or sell any security of any kind.  It is
likely that some entity affiliated with a TCR-AP editor holds
some position in the issuers' public debt and equity securities
about which we report.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR-AP. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com

Friday's edition of the TCR-AP features a list of companies with
insolvent balance sheets obtained by our editors based on the
latest balance sheets publicly available a day prior to
publication.  At first glance, this list may look like the
definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical
cost net of depreciation may understate the true value of a
firm's assets.  A company may establish reserves on its balance
sheet for liabilities that may never materialize.  The prices at
which equity securities trade in public market are determined by
more than a balance sheet solvency test.


                            *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter-Asia Pacific is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Valerie U. Pascual, Marites O. Claro, Joy A. Agravante,
Rousel Elaine T. Fernandez, Ivy B. Magdadaro, Frauline S.
Abangan, and Peter A. Chapman, Editors.

Copyright 2012.  All rights reserved.  ISSN: 1520-9482.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding,
electronic re-mailing and photocopying) is strictly prohibited
without prior written permission of the publishers.
Information contained herein is obtained from sources believed
to be reliable, but is not guaranteed.

TCR-AP subscription rate is US$625 for 6 months delivered via e-
mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance
thereof are US$25 each.  For subscription information, contact
Peter Chapman at 240/629-3300.





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