MIRA INFORM REPORT

Report Date :

17.09.2007

IDENTIFICATION DETAILS

Name :	ASIANET METALS CO LTD

Registered Office :	Rm 1302, 13FL Cre Bldg 303 Hennessey Rd Wanchai

Country :	Hong Kong

Date of Incorporation :	January 30, 2004

Com. Reg. No.:	881180

Legal Form :	Private

Line of Business :	Believed to be engaged in trading metals.

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 :	Small Company

Payment Behaviour :	Unknown

Litigation :	Clear

name & address

ASIANET METALS CO LTD

RM 1302, 13FL CRE BLDG 303 HENNESSEY RD WANCHAI, HONG KONG.

TEL: N/A

FAX: N/A

EXECUTIVE SUMMARY

INCORPORATION DATE : JANUARY 30, 2004

REGISTRATION NO. : 881180

LEGAL FORM : PRIVATE

CHIEF EXECUTIVE : MR. QI-ONG WU (COMPANY DIRECTOR)

STAFF STRENGTH : 15

CAPITAL : US$ 1,279

BUSINESS LINE : TRADER

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

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

PAYMENT : NR

RECOMM. CREDIT RANGE : C.O.D.

MARKET CONDITION : FAIR

FINANCIAL CONDITION : N/A

OPERATIONAL TREND : N/A

GENERAL REPUTATION : N/A

EXCHANGE RATE : HKD 7.78933 = USD1

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 : 881180

Date issued : 30 January, 2004

Issuing authority : Companies Registry

Type of license : Corporate license

(2)

License number : 34251388-000

Issuing authority : Business Registration Office - Inland Revenue Dept

Type of license : Business license

*Capital Details*

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

Authorized capital : HKD 10,000.00 divided into 10,000 ordinary shares of HKD 1.00/-each, fully paid

*Office & Facilities*

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

Note : We were unable to find any reference of the supplied address on any local. The above address as reflected on our report was confirmed to be its current registered address.

*Approved Signatures*

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

Only Mr. Qi-ong Wu can sign on behalf of the company with seal affixed.

*Company Secretary*

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

JBL SECRETARY SERVICES LTD

CVR no : 665319

Address : Rm 1302, 13Fl CRE Bldg 303 Hennessey Rd Wanchai, Hong Kong

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

For the past 3 years there is no record of litigation.

*Major Shareholders*

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

Total number of shareholders : 2

Total number of ordinary shares : 10,000

Shareholders' Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares

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

Mr. Qi-ong Wu 9,999 9,999.00 99.99

Mr. Xin-yan Zhao 1 1.00 0.01

*Directors' Details*

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

(1)

Mr. Qi-ong Wu

China passport no : 210302197410040030

Address : Rm 701, 59 Court 1980 Luo Xiu Rd Minhang Dist Shanghai China

(2)

Mr. Xin-yan Zhao

China passport no : 210302460821002

Address : Rm 701, 59 Court 1980 Luo Xiu Rd Minhang Dist Shanghai China

*Operations Status*

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

No telephone listing could be found for the company. It is therefore not possible to contact the company directly to obtain further information. The nature and extent of the company's operations could not be determined and it could not be confirmed whether the company operates from the Registered Office address or in another location.

*Main Products & Services*

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

Believed to be engaged in trading metals.

Products: Metals

SC is not known to have any subsidiary at present.

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.

*Bank Details*

===========

Maintains an account in:

Bank name : HANG SENG BANK LTD

Address : China Development Bank Tower 500 Pudong South Rd Shanghai, China

Based on the investigations performed, it has not been possible to prepare a normal credit report on the company. Given the circumstances, caution is advised related to dealings with persons claiming to represent such an entity.

Note: The provided telephone number is a fax number in Shanghai. According to this fax number, we found a tel. no. (086-21-50389743) from local telephone number inquiry system. When we dialed the number, a gentleman Mr. Lee answered. He released that his company is named Wangxi Electric Co., Ltd. However, he declined forwarding any details of his company unless the identity of inquiring party is disclosed.

Attached: trade references

SIC PRODUCT CLASSIFICATION & ACTIVITY

Activity Code Product/Service Description

Trading 3399 Primary metal products

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Activity Code Product/Service Description

Trading 8100 Base metals; cermets; articles etc.

Trading 8300 Miscellaneous articles of base metal

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