MIRA INFORM REPORT

Report Date :

11.04.2011

IDENTIFICATION DETAILS

Name :	SUNTRONIC INNOVATOR LTD.
Registered Office :	c/o Topworld Registrations Ltd., 7/F., Kin On Commercial Building, 49-51 Jervois Street, Sheung Wan
Country :	Hong Kong
Date of Incorporation :	18.03.2009
Com. Reg. No.:	51839652
Legal Form :	Private Limited Liability Company
Line of Business :	-------

RATING & COMMENTS

MIRA’s Rating :

Nb

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New Company
Payment Behaviour :	Unknown
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

SUNTRONIC INNOVATOR LTD.

Company ADDRESS

Registered Office:-

c/o Topworld Registrations Ltd.

7/F., Kin On Commercial Building, 49-51 Jervois Street, Sheung Wan, Hong Kong.

[Tel: 2851 4822; Fax: 2851 4662]

BUSINESS REGISTRATION NUMBER

51839652

COMPANY FILE NUMBER

1318899

DATE OF INCORPORATION

18th March, 2009.

CAPITAL

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

Issued Share Capital: HK$1.00

SHAREHOLDER

(As per registry dated 18-03-2011)

Name	No. of share
Nitesh WADHWANI	1 =

DIRECTOR

(As per registry dated 18-03-2011)

Name (Nationality)	Address
Nitesh WADHWANI	38, Ram Gali No. 7, Raja Park, Jaipur, Raj, India.

SECRETARY

(As per registry dated 18-03-2011)

Name	Address	Co. No.
Topworld Secretarial Ltd.	7/F., Kin On Commercial Building, 49-51 Jervois Street, Sheung Wan, Hong Kong.	0574763

GENERAL

Suntronic Innovator Ltd. was incorporated on 18th March, 2009 as a private limited liability company under the Hong Kong Companies Ordinance.

The subject does not have its own operating office. Its registered office is in a commercial service provider located at 7/F., Kin On Commercial Building, 49-51 Jervois Street, Sheung Wan, Kowloon, Hong Kong known as Topworld Registrations Ltd. [Topworld] which is handling its correspondences and documents. Topworld is an affiliated company of Topworld Secretarial Ltd. which is the corporate secretary of the subject.

The subject has no employees in Hong Kong.

According to the Companies Registry of Hong Kong, the subject has issued just one ordinary share of HK$1.00 which is owned by Mr. Nitesh Wadhwani who is an Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently. Wadhwani is the only director of the subject and currently residing in Jaipur, India.

The subject’s lines of business are unknown since the secretarial firm declined to divulge any information about it.

It is likely that the subject is a diamond and electronics trader. It is also likely that the subject has got an associated company in India which is also operated by Wadhwani. 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 is just over two years.

Since the subject does not have its own operating office and has no employees in Hong Kong, on the whole, 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.44.04
UK Pound	1	Rs.72.20
Euro	1	Rs.63.40

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

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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