MIRA INFORM REPORT

Report Date :

05.04.2011

IDENTIFICATION DETAILS

Name :	ATLANTA PACIFIC (HK) LTD.
Registered Office :	c/o Denzong Trade Link, Room 1805, 18/F., Royal Commercial Centre, 56 Parkes Street, Jordan, Kowloon
Country :	Hong Kong
Date of Incorporation :	24.10.2008
Com. Reg. No.:	39928681
Legal Form :	Private Limited Liability Company
Line of Business :	Importer, Exporter and Wholesaler of Electronic Products, Diamonds, Jewellery Packing Boxes, etc.

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Small company
Payment Behaviour :	Regular
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – December 31, 2010

Country Name	Previous Rating (30.09.2010)	Current Rating (31.12.2010)
Hong Kong	a2	a2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name

ATLANTA PACIFIC (HK) LTD.

Company ADDRESS

c/o Denzong Trade Link, Room 1805, 18/F., Royal Commercial Centre, 56 Parkes Street, Jordan, Kowloon, Hong Kong.

PHONE: 2723 8407

FAX: 2723 8487

MANAGEMENT

Managing Director: Mr. Harshad Rai Kothari

SUMMARY

Incorporated on: 24th October, 2008.

Organization: Private Limited Company.

Capital: Nominal: HK$5,000,000.00

Issued: HK$5,000,000.00

Business Category: Importer, Exporter and Wholesaler.

Employees: Nil.

Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

Banking Relation: Satisfactory.

Company ADDRESS

Registered Head Office:-

c/o Denzong Trade Link, Room 1805, 18/F., Royal Commercial Centre, 56 Parkes Street, Jordan, Kowloon, Hong Kong.

Affiliated Company:-

Denzong Trade Link, Hong Kong. (Same address)

BUSINESS REGISTRATION NUMBER

39928681

COMPANY FILE NUMBER

1282172

MANAGEMENT

Managing Director: Mr. Harshad Rai Kothari

CAPITAL

Nominal Share Capital: HK$5,000,000.00 (Divided into 5,000,000 shares of HK$1.00 each)

Issued Share Capital: HK$5,000,000.00

SHAREHOLDER

(As per registry dated 24-10-2010)

Name	No. of shares
Harshad Rai KOTHARI	5,000,000 =======

DIRECTOR

(As per registry dated 24-10-2010)

Name (Nationality)	Address
Harshad Rai KOTHARI	265, Bipin Behari Ganguly Street, 4/F., Kolkata-12, India.

SECRETARY

(As per registry dated 24-10-2010)

Name	Address	Co. No.
HMGC Corporate Practice Ltd.	Room 406B, 4/F., 61 Mody Road, Tsimshatsui East, Kowloon, Hong Kong.	1127329

HISTORY

The subject was incorporated on 24th October, 2008 as a private limited liability company under the Hong Kong Companies Ordinance.

Apart from these, neither material change nor amendment has been ever traced and noted.

OPERATIONS

Activities: Importer, Exporter and Wholesaler.

Lines: Electronic products, diamonds, jewellery packing boxes, etc.

Employees: Nil.

Commodities Imported: China, other Asian countries, etc.

Markets: India, other Asian countries, Europe, etc.

Terms/Sales: L/C, T/T, etc.

Terms/Buying: L/C, T/T, etc.

FINANCIAL INFORMATION

Nominal Share Capital: HK$5,000,000.00 (Divided into 5,000,000 shares of HK$1.00 each)

Issued Share Capital: HK$5,000,000.00

Profit or Loss: Keeping a balance account in Hong Kong.

Condition: Business is not active in Hong Kong.

Facilities: Making fairly active use of general banking facilities.

Payment: Met trade commitments as required.

Commercial Morality: Satisfactory.

Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

Standing: Small.

GENERAL

Having issued 5 million ordinary shares of HK$1.00 each, Atlanta Pacific (HK) Ltd. is wholly owned by Mr. Harshad Rai Kothari who is an Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently. Kothari is also the only director of the subject and currently residing in India.

The subject does not have its own operating office. Its registered office is in a Hong Kong-registered firm located at Room 1805, 18/F., Royal Commercial Centre, 56 Parkes Street, Jordan, Kowloon, Hong Kong known as Denzong Trade Link which is handling its correspondences and documents.

The subject is trading in electronic products, diamonds, jewellery packing boxes, accessories, etc. Commodities are chiefly sourced from China and other Asian countries. Prime markets are India, other Asian countries, Europe, etc.

It is likely that the subject has got an associated company in India which is also operated by Kothari. However, details are unknown.

It is likely that the India firm deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. The India firm also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.

The subject’s business in Hong Kong is not very active. History in Hong Kong is just over two years and five months.

Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on secured basis.

COURT CASES: None per our.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.65
UK Pound	1	Rs.71.92
Euro	1	Rs.63.24

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	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
----	NB	New Business	----

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%)

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