RATING & COMMENTS

MIRA’s Rating :

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

Status :	No Trace

Payment Behaviour :	--

Litigation :	--

GENERAL OBSERVATIONS

Company name & Address

BELMOND (HK)

A-5, 7/F, HANKOW CENTRE,

47 PEKING ROAD, KOWLOON, HONG KONG. (AS GIVEN)

TEL : NOT REGISTERED

FAX : NOT REGISTERED

Narrative report

This refers to a type of report whose format is different from that of a standard report. Such type of report is provided when:

l Information obtained is insufficient for compiling a standard report.

l The enquired co has been out of business or its business address has been untraceable.

It should be noted that the time and manpower spent on preparing such type of report might be greater than those on a standard report. On many occasions, the information in this type of report still indicates the current status of the enquired co. and serves as a useful reference to assess its credit standing.

Upon our current request for a Business Registration copy of SC, Business Registration Office (HKSAR Government) replied it has no record on SC. This may imply that either SC has had no business registration or SC has business registration but its name spelling (as provided by you) is wrong.

This section will contain the civil litigations & winding-up petitions filed against SC for the last 6 years (as stored in our database), and the mortgage/charge filed by SC for the last 2 years. In Hong Kong, creation of such mortgage/charges by an unlimited co is not required to be registered in the public records.

Civil litigation/winding-up petitions : None in our database.

Detailed information regarding its activities is not available.

SC is not known to have any subsidiary at present.

On 27-11-2006, a visit to the premises at the heading business address by our field reporter revealed the following:

The address is a residential premises outside of which no company name was seen on display.

The gross area of the premises is estimated at 700 square feet.

Condition inside the premises during our visit: Normal

Office/factory outlay: Standard

A male who identified himself as SC's staffmember was contacted there. He advised that only SC's principal(s) could handle outside parties' business enquiries on SC. SC's principal(s) were not in office by that time.

He had promised to pass our message & deliver our brochure & questionnaire to SC's principal(s). However, we have not yet received any reply.

Our current inquiry reveals that no such name as SC is registered as a current user of local fixed line telephone companies.

Information on hand would not seem to warrant any credit consideration.

Note:

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Our search revealed that a co. named "Belmond" (registered under BR no. 35119579) is registered at address 47 Haiphong Road, Tsimshatsui, Kowloon, Hong Kong. The name of the said co. is close to your search target.

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