MIRA INFORM REPORT

Report Date :

07.04.2008

IDENTIFICATION DETAILS

Name :	ATICO INT'L (ASIA) LTD

Registered Office :	Ground - 2fl Hunghom Bay Centre - Whampoa House 22-24 Hunghom Wan St Hunghom Kowloon

Country :	Hong Kong

Date of Incorporation :	03.11.2005

Com. Reg. No.:	1005344

Legal Form :	Private Limited Company

Line of Business :	Import and Local Purchase of a wide range of household, electrical, electronic products, giftware and general merchandise. Sales and Distribution of purchased products to local and international markets.

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 50,000

Status :	Small Company

Payment Behaviour :	No Complaints

Litigation :	Clear

name & address

ATICO INT'L (ASIA) LTD

GROUND - 2FL HUNGHOM BAY CENTRE - WHAMPOA HOUSE

22-24 HUNGHOM WAN ST HUNGHOM KOWLOON, HONG KONG.

TEL: 852-23696683 FAX: 852-27397194

EXECUTIVE SUMMARY

INCORPORATION DATE : NOVEMBER 3, 2005

REGISTRATION NO. : 1005344

LEGAL FORM : PRIVATE

CHIEF EXECUTIVE : N/A

STAFF STRENGTH : 130

CAPITAL : US$ 642,674

BUSINESS LINE : TRADER

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

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

PAYMENT : AVERAGE

RECOMM. CREDIT RANGE : UP TO USD 50,000

MARKET CONDITION : AVERAGE

FINANCIAL CONDITION : N/A

OPERATIONAL TREND : FAIRLY STEADY

GENERAL REPUTATION : AVERAGE

EXCHANGE RATE : HKD 7.79036 = US$1

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

Registered Legal Address: 16-19Fl Prince's Bldg 10 Chater Rd Central Hong Kong

*Company Registration*

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

(1)

License number : 1005344

Date issued : 3 November, 2005

Issuing authority : Companies Registry

Type of license : Corporate

(2)

License number : 36226103-001

Date issued : N/A

Issuing authority : Business Registration Office - Inland Revenue Dept

Type of license : Business

*Capital Details*

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

Authorized capital: HKD 5,000,000.00 divided into 100 ordinary shares at HKD 50,000.00/-each, fully paid

*Office & Facilities*

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

Other fax no.: 23697318

*Reputation*

==========

Reference checking for the purpose of establishing the firm's reputation within the respective industry failed to reveal any negative information.

*Approved Signatures*

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

Only Mr. Wilson Chan can sign on behalf of the company with seal affixed.

*Registrar*

=========

- JOHNSON STOKES & MASTER

www.aticointernational.com The design is professional and the content is well organized. At present it is in English version.

E-mail: aticohk@aticohk.com

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

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

ATICO INVESTMENTS LTD 100 5,000,000.00 100.00

Share Transfer:

Date Transferred No. of Shares Transferred Transferor Transferee

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

26 July, 2007 100 ATICO OVERSEAS ATICO INVESTMENTS LTD

HOLDINGS) LTD

*Company Secretary*

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

SEKOTS SECRETARIAL SERVICES LTD

C. R. no: 28739

Address: 16-19Fl Prince's Bldg 10 Chater Rd Central Hong Kong

*COMPANY DIRECTORS*

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

Name : Mr. Cheuk-man Lee

Nationality : Hong Kong

ID/Passport No. : D289402(6)

Registered Address : 1Fl Hunghom Bay Centre 22-24 Hunghom Wan St

Country of Residence : Hong Kong

Name : Mr. Ping-hung Kao

Nationality : Taiwan

ID/Passport No. : 130880361

Registered Address : 5Fl, 370 Jihe Rd Lin26 Fujia Li

Country of Residence : Taiwan

Name : Mr. Steve Felkowitz

Nationality : USA

Registered Address : 34th Court 20225 North East

Country of Residence : USA

Name : Mr. Wilson Chan

Nationality : Hong Kong

ID/Passport No. : D258860(A)

Registered Address : Ground - 2Fl Whampoa House Hunghom Bay Centre 22-24 Hunghom Wan St

Country of Residence : Hong Kong

Name : Mr. Yin-chi Liu

Nationality : Taiwan

ID/Passport No. : 211862709

Registered Address : 4Fl, 12, Alley 4, Lane 65 Section 3 Chongqing South Rd Lin 26 Yingpu Li

Country of Residence : Taiwan

*Main Products & Services*

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

Specializes in the following areas of work:

1. Import and local purchase of a wide range of household, electrical, electronic products, giftware and general merchandise.

2. Sales and distribution of purchased products to local and international markets.

Products: Artificial flowers, plants

Audio

Bedding

Carpet

Ceramic products

*Payment Terms*

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

Sales

-------

Local : Cash or credit

Export : Letter of Credit (L/C)

Telegraphic Transfer (T/T)

Purchases

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

Local : Cash or credit

Import : Letter of Credit (L/C)

Telegraphic Transfer (T/T)

*Local Distribution Network*

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

Part of the annual turnover is attributed to local sales.

*Export Markets*

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

Part of the annual turnover is attributed to export.

*(Subsidiaries, Joint-ventures & Affiliates)

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

Company Name : ATICO AUSTRALIA PTY LTD

Country : Australia

Relationship : Affiliate

Legal Form : Private company with limited liability

Company Type : Trader

Industry Consumer Products

Company Name : ATICO BRASIL LTDA

Address : Rua Iguatemi 448 Cj 602 Itaim Bibi Sao Paolo 01451 Brazil

Country : Brazil

Relationship : Affiliate

Legal Form : Private company with limited liability

Company Type : Trader

Industry : Consumer Products

Company Name : ATICO INT'L (HK) LTD

Address : Ground Fl Hung Hom Bay Centre 22-24 Hung Hom Wan St Hunghom Kowloon Hong Kong

Country : Hong Kong

Relationship : Affiliate

Legal Form : Private company with limited liability

Company Type : Trader

Industry : Giftware & Jewellery

Company Name : ATICO INT'L (USA) INC

Country : China

Relationship : Affiliate

Legal Form : Private company with limited liability

Company Type : Trader

Industry : Consumer Products

Company Name : ATICO INT'L LTD

Address : 23Fl Thai C C Bldg 889 South Sathorn Rd Yannawa Bangkok 10120 Thailand

Country : Thailand

Relationship : Affiliate

Legal Form : Private company with limited liability

Company Type : Trader

Industry : Giftware & Jewellery

Company Name : ATICO INT'L UK LTD

Address : 29 Bankside Court Kidlington OX51GF Oxfordshire United Kingdom

Country : United Kingdom

Relationship : Affiliate

Legal Form : Private company with limited liability

Company Type : Trader

Industry : Consumer Products

Company Name : ATICO INT'L USA INC

Address : 501 South Andrews Ave Fort Lauderdale 33301 Florida USA

Country : USA

Relationship : Affiliate

Legal Form : Private company with limited liability

Company Type : Service

Industry : Professional Services

Company Name : ATICO ITALIA SRL

Address : Via Piazza Goldoni 2 Firenze 50123 Firenze (FI) Italy

Country : Italy

Relationship : Affiliate

Legal Form : Private company with limited liability

Company Type : Trader

Industry : Consumer Products

Company Name : ATICO JAPAN LTD

Country : Japan

Relationship : Affiliate

Legal Form : Private company with limited liability

Company Type : Trader

Industry : Consumer Products

Company Name : ATICO KOREA LTD

Address : Rm 701 Daeoh Bldg 26-5 Youido-dong Yongdungpo-gu Seoul 150010 South Korea

Country : South Korea

Relationship : Affiliate

Legal Form : Private company with limited liability

Company Type : Trader

Industry : Giftware & Jewellery

Company Name : ATICO LTD

Address : 12Fl Cathay United Bank Tower 85 Jen Ai Rd Section 4 Ta-an Dist Taipei City 106 Taiwan

Country : Taiwan

Relationship : Affiliate

Legal Form : Private company with limited liability

Company Type : Trader

Industry : Giftware & Jewellery

Company Name : ATICO OVERSEAS LTD

Country : Vietnam

Relationship : Affiliate

Legal Form : Private company with limited liability

Company Type : Trader

Industry : Consumer Products

Company Name : ATICO OVERSEAS LTD

Address : Ground - 2Fl Hunghom Bay Centre - Whampoa House 22-24 Hunghom Wan St Hunghom Kowloon Hong Kong

Country : Hong Kong

Relationship : Affiliate

Legal Form : Private company with limited liability

Company Type : Trader

Industry : Consumer Products

Company Name : ATICO OVERSEAS LTD

Country : India

Relationship : Affiliate

Legal Form : Private company with limited liability

Company Type : Trader

Industry : Consumer Products

Company Name : NEW ATICO TRADING SDN BHD

Country : Malaysia

Relationship : Affiliate

Legal Form : Private company with limited liability

Company Type : Trader

Industry : Consumer Products

PAYMENT RATING : 3 OBTAINED SCORES : 51

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.

Dealings on open terms may be possible for SMALL amounts depending on individual judgement experience.

As a private limited company there is no legal requirement according to local corporate law for public disclosure of detailed financials.

*BANK DETAILS*

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

Bank Name : HANG SENG BANK LTD

Branch : Central, Hong Kong

Branch Address : Level 21 Hang Seng Bank Bldg 83 Des Voeux Rd

SWIFT Code : SCBLHKHH

SC is considered large-sized in its line with a short history. Taking into consideration of SC’s general performance, a credit line up to USD 50,000 would appear to be within SC’s capacities.

Attached: trade references

SIC PRODUCT CLASSIFICATION & ACTIVITY

Activity Code Product/Service Description

Trading 2273 Carpets and rugs

Trading 2400 Lumber and Wood Products

Trading 2499 Wood products,

Trading 2500 Furniture and Fixtures

Trading 2515 Mattresses and bedsprings

Trading 2599 Furniture and fixtures,

Trading 2600 Paper and allied Products

Trading 2653 Corrugated paper and paperboard and articles thereof, including boxes, pallets, etc.

Trading 2678 Stationery products

Trading 2752 Printed matter, lithographic

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Activity Code Product/Service Description

Trading 3300 Oils & resinoids, perfumery, cosmetic or toilet preparations

Trading 3303 Perfumes and toilet waters

Trading 3400 Soaps, waxes, scouring products, candles, modeling pastes, dental waxes

Trading 3402905010 Cleaning preparations

Trading 3900 Plastics & articles thereof

Trading 3926 Articles of plastics (inc polymers & resins)

Trading 4000 Rubbers & articles thereof

Trading 4100 Raw hides & skins & leather

Trading 4103 Aw hides and skins (fr or pres not tan etc)

Trading 4200 Articles of leather, saddlery & harness, travel goods, handbags, articles of gut

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Activity Product/Service Description

Trader Bedding

Trader Footwear

Trader Headgear

Trader Watches

Trader Clocks

Trader Travel goods

Trader Handbags

Trader Optical goods

Trader Spectacles

Trader Furniture

INTERNATIONAL TRADE: ACTIVITY & MARKETS

Exporting to Canada

Exporting to North America

Exporting to USA

Importing from Asia

Importing from China

Importing from Europe

Importing from Japan

Importing from South Korea

Importing from Taiwan

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