MIRA INFORM REPORT

Report Date :

03.09.2007

IDENTIFICATION DETAILS

Name :	YONG HUA TRADING PTE LTD.

Registered Office :	Rm 1001, 10FI Fourseas Bldg. 208-212 Nathan Road, Kowloon

Country :	Hong Kong

Date of Incorporation :	17 May, 2007

Com. Reg. No.:	1133628

Legal Form :	Offshore Company - Private Limited

RATING & COMMENTS

MIRA’s Rating :

RATING	STATUS	PROPOSED CREDIT LINE
NR	In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

Status :	New Company

Payment Behaviour :	Unknown

Litigation :	Clear

name & address

YONG HUA TRADING PTE LTD.

RM 1001, 10FI FOURSEAS BLDG. 208-212 NATHAN ROAD

KOWLOON HONG KONG

TEL : 852-27837818

FAX : 852-27187918

EXECUTIVE SUMMARY

INCORPORATION DATE : 17 MAY, 2007

REGISTRATION NO. : 1133628

LEGAL FORM : OFFSHORE COMPANY - PRIVATE LIMITED

CHIEF EXECUTIVE : N/A

STAFF STRENGTH : N/A

CAPITAL : US$ 1,279

BUSINESS LINE : N/A

TURNOVER : N/A (AS OF DEC. 31, 2006)

EQUITIES : N/A (AS OF DEC. 31, 2006)

PAYMENT : POOR

RECOMM. CREDIT RANGE : C.O.D.

MARKET CONDITION : FAIR

FINANCIAL CONDITION : N/A

OPERATIONAL TREND : AVERAGE

GENERAL REPUTATION : AVERAGE

EXCHANGE RATE : HKD 7.79645 = US$1 AS OF 2007-08-31

Adopted abbreviations:

ANS - amount not stated

NS - not stated

SC - subject company (the company inquired by you)

NA - not available

M – million

HKD –Hong Kong Dollars

*Company Registration*

===================

(1)

License number : 1133628

Date issued : 17 May, 2007

Issuing authority : Companies Registry

Legal form : Private Company Limited by Shares

Type of license : Corporate

(2)

License number : 37953719-000

Date issued : N/A

Issuing authority : Business Registration Office - Inland Revenue Dept

Type of license : Business

*Office & Facilities*

================

Comment : - Premises is shared with the following companies :

- BEIJING TANNET

- TBS ELECTRONICS (HK) LTD

- HK EWAYTEK CO LTD

- LONWING INT'L HK CO LTD

*Capital Details*

=============

Authorized capital : HKD 10,000.00 divided into 10,000 shares at HKD 1.00/-each

*Reputation*

==========

Due to the fact that the subject company :

(i) Does not maintain an operational office in Hong Kong; and

(ii) There is no knowledge or public record of overseas business activities

It has not been possible to ascertain the reputation of the company.

*Approved Signatures*

===================

Only Mr. Yang-mei Deng can sign on behalf of the company with seal affixed.

SC is not known to host web site of its own at present.

E-mail: xinxininuk@yahoo.co.uk

For the past two years there is no record of litigation.

*Major Shareholders*

=================

Total number of shareholder : 1

Total number of shares : 100

Shareholder's Name No. of Shares Amount of Shares (HKD) % of Shares

-------------------------- ------------------ ---------------------------------- ----------------

Mr. Yang-mei Deng 100 100.00 100

*Director's Details*

===============

Yang-mei Deng

Passport no. : 440923197707080073

Address : 15D Yiyage Juyayuan Futian Dist Shenzhen Guangdong China

Qualification : Merchant

*Company Secretary*

=================

ATA CORPORATE FORMATION & MANAGEMENT LTD

Address : Unit 1001 Fourseas Bldg 208-212 Nathan Rd Kowloon

CR no. : 0768611

Management: Mr. Carison Chan, Manager

Ms. Xin-xin, Representative

Name Nationality Job Description

Mr. Carison Chan Hong Kong Manager

Ms. Xin-xin Hong Kong Representative

*Operation Status*

===============

Although the Subject Company is a legally registered entity, it does not maintain an operational office, nor any employees in this country, but rather employs the services of a local firm engaged in corporate secretarial management services to "maintain" their license on behalf of the owners who are located overseas.

The management services usually involves registering the office address as the same one used by the firm employed to "maintain" the license, as well as receive any mail address to the company, forward mail to owners, attend to license renewals, corporate levies and related issues.

The local firm employed to perform maintenance of this company is:

Company name : ATA CORPORATE FORMATION & MANAGEMENT LTD

Address : Unit 1001 Fourseas Bldg 208-212 Nathan Rd

City : Kowloon

It is verified that the given telephone number: 00 86 20 87514452 does not exist. And Repeated faxes were sent to the given fax number Fax: 00 86 20 38843055, but we haven’t received any response yet.

PAYMENT RATING : NR OBTAINED SCORES : No data

Rating Key	Implication	Implications
1	Scores 85–100	Excellent
2	Scores 75 – 84	Above Average
3	Scores 50 – 74	Average
4	Scores 35 – 49	Fair
5	Scores 15 – 34	Below Average
6	Scores 01 – 14	Poor
NR	No Data	No Data

The rating indicates the payment pattern of SC based upon our Payment Database, comments from suppliers of SC, information from banks (if available), as well as industrial sources.

Under Hong Kong law, the Subject Company, which is an Offshore corporation, is exempt from the provisions of the Income Tax Act and therefore not obliged to disclose their financial statements.

*Bank Details*

===========

Bank Name : BANK OF CHINA (HONG KONG) LTD

Branch : Central,Hong Kong

Branch Address : 13Fl Bank Of China Tower 1 Garden Rd Central Hong Kong (Head Office)

SWIFT Code : BKCHHKHH

In view of the above investigation results, Caution should be given when granting credit to SC and COD is recommended.

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	Unfavourable & favourable factors carry similar weight in credit consideration. 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
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

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