MIRA INFORM REPORT

Updated report

Report Date :

27.08.2011

Tel. No.:

852-27237555

IDENTIFICATION DETAILS

Name :	WINBIZ (HK) PVT. LTD.
Registered Office :	Room 1001, 10/F., Kwong Fat Commercial Building, 582-588 Canton Road, Yau Ma Tei, Kowloon
Country :	Hong Kong
Date of Incorporation :	18.09.2002
Com. Reg. No.:	32990409
Legal Form :	Private Limited Company
Line of Business :	subject is a Logistic Service Provider and Electronic Product Trader Trader of Diamonds and Precious Stones

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
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 – March 31^st, 2011

Country Name	Previous Rating (31.12.2010)	Current Rating (31.03.2011)
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

WINBIZ (HK) PVT. LTD.

Company ADDRESS

Room 1001, 10/F., Kwong Fat Commercial Building, 582-588 Canton Road, Yau Ma Tei, Kowloon, Hong Kong.

PHONE: 2783 7456

FAX: 2783 7457

E-MAIL: monjuhk@yahoo.com

monju@midnightsunhk.com

MANAGEMENT

Managing Director: Mr. Monju Ahmed (Mobile: 9808 7245)

SUMMARY

Incorporated on: 18th September, 2002.

Organization: Private Limited Company.

Capital: Nominal: HK$10,000.00

Issued: HK$10,000.00

Business Category: Importer, Exporter and Wholesaler; Logistic Service Provider.

Employees: 8. (Including affiliates)

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

Banking Relation: Satisfactory.

Company ADDRESS

Registered Head Office:-

Room 1001, 10/F., Kwong Fat Commercial Building, 582-588 Canton Road, Yau Ma Tei, Kowloon, Hong Kong.

Associated/Affiliated Companies:-

· Glitters HK, Hong Kong

· Good Hope Trading, Hong Kong. (Same address)

· Kheatari HK, Hong Kong. (Same address)

· LinkGlobal Logistics Co. Ltd., Hong Kong. [Dissolved]

· Midnight Sun (HK) Ltd., Hong Kong. (Same address)

· Rare Stones HK, Hong Kong.

· Sparkle HK, Hong Kong.

· WinBiz Pvt. Ltd.

House No. 4/1, Road No. 4, Dhanmondi, Dhaka-1205, Bangladesh.

[Tel: 88 02 8651379, 8631868

Fax: 88 02 8651477

E-mail: info@winbizbd.com ]

· WinSoft Pvt. Ltd., Bangladesh.

· WinStars Technology, Bangladesh.

· WinTex Pvt. Ltd., Bangladesh.

· WinTrade Pvt. Ltd., Bangladesh.

BUSINESS REGISTRATION NUMBER

32990409

COMPANY FILE NUMBER

0814729

MANAGEMENT

Chief Executive Officer: Mr. A.T.M. Golam Rabbani Raza

Managing Director: Mr. Monju Ahmed

CAPITAL

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

Issued Share Capital: HK$10,000.00

SHAREHOLDER

(As per registry dated 18-09-2010)

Name	No. of shares
Monju AHMED	10,000 =====

DIRECTOR

(As per registry dated 18-09-2010)

Name (Nationality)	Address
Monju AHMED	Flat B, 6/F., Lee Loy Mansion, 333-338 Canton Road, Yau Ma Tei, Kowloon, Hong Kong.

SECRETARY

(As per registry dated 18-09-2010)

Name	Address
Ayesha AHMED	Flat B, 6/F., Lee Loy Mansion, 333-338 Canton Road, Yau Ma Tei, Kowloon, Hong Kong.

HISTORY

The subject was incorporated on 18th September, 2002 as a private limited liability company under the Hong Kong Companies Ordinance.

Originally the subject was registered under the name of Kheatari (H.K.) Ltd., name changed to Harmony Halal Foods Ltd. on 28th June, 2005, and further to the present style on 16th September, 2006.

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

OPERATIONS

Activities: Importer, Exporter and Wholesaler; Logistic Service Provider.

Lines: Diamonds, precious stones and other products.

Employees: 8. (Including affiliates)

Commodities Imported: Europe, Asian countries, etc.

Markets: Bangladesh, Africa, Asian countries, etc.

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

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

FINANCIAL INFORMATION

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

Issued Share Capital: HK$10,000.00

Profit or Loss: Making a small profit every year.

Condition: Keeping in an active condition.

Facilities: Making active use of general banking facilities.

Payment: Met trade commitments as contracted.

Commercial Morality: Satisfactory.

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

Standing: Normal.

GENERAL

WinBiz (HK) Pvt. Ltd. is wholly-owned by Mr. Monju Ahmed who is an Indian. He is also the only director of the subject. Being a Hong Kong ID Card holder, Ahmed has got the right to reside in Hong Kong permanently.

The subject’s associated company WinBiz Pvt. Ltd. [WinBiz] is a Bangladesh-based firm. The Chief Executive Officer of WinBiz Mr. A.T.M. Golam Rabbani Raza is a Bangladesh businessman.

The subject is a logistic service provider and electronic product trader. It also trades in other commodities as entrusted by WinBiz. In recent years, it has been emphasizing in diamonds and precious stones trading.

The subject is a diamond importer, exporter and wholesaler. It is engaged in manufacturing loose diamonds like marquise, pears, tappers, buggets and rose cut diamonds. Commodities are chiefly imported from India. Products are marketed in Hong Kong, exported to Japan and the other Asian countries. Business is active.

The subject has had three associates located at its operating address, namely, Good Hope Trading, Kheatari HK and Midnight Sun (HK) Ltd. These firms are also controlled by Mr. Monju Ahmed and engaged in the same lines of business, more or less.

WinBiz is also a global trader and travel agent. It commenced business in 2003. WinBiz is a diversified multi disciplined company engaged in logistic support, international freight forwarding, air and ocean freight shipping, and also handling international trading that includes product sourcing through its global alliances and establishments in Hong Kong (the subject), Malaysia, Korea, Japan and China.

WinBiz is able to involve in all kinds of trading requirements from its clients. Its major businesses are the followings:-

· Turn key project implementation

· Intending and marketing of household and electronic appliances

· Sourcing capital machinery

· Importing branded office equipment

· International tendering

· Management consultancy

· Finance advising, etc.

Recently, WinBiz has started Immigration Consultancy for Canada and Malaysia, Student Counselling for Canada, Australia, New Zealand, Ireland and the United Kingdom.

WinBiz has Bangladesh’s professional technical expertise and consultants for providing secured and advanced up-to-date Industrial Project services. Besides, WinBiz is also a trading firm importing commodities from China and marketed in Bangladesh. It also exports garments to African countries like Egypt, Libya, Tunisia, Algeria, etc.

WinBiz has cooperated with Beijing LinkGlobal Logistics Co. Ltd. to set up LinkGlobal Express [LGE]. LGE began operation as an allied concern of LinkGlobal Logistics Co. Ltd. and WinBiz in Hong Kong. However, LGE has not registered with the Hong Kong SAR Government. Besides, it should be noted that LinkGlobal Logistics Co. Ltd. was dissolved by striking off on 28th January, 2011.

LGE provides clients with logistic services having office in Hong Kong, China, Korea, Japan, Singapore, Malaysia, Thailand, Dubai, the United States, Canada and a network of franchisees and service providers. LGE is an innovative courier company. It offers a comprehensive range of guaranteed the same day, overnight and international courier services.

At present, Ahmed is operating another firm Rare Stones HK located at a different address. Established on 24th March, 2009, Rare Stones HK is trading in all kinds of rare stones. Commodities are sourced from India, Thailand, Cambodia, etc.

Besides, Rare Stones HK, Ahmed is also operating another firm Sparkle HK. Sparkle HK is a sole proprietorship set up and owned by Ahmed. This firm is located at Ahmed’s residential address. Established on 24th March, 2009, Sparkle HK is a diamond importer, exporter and wholesaler. It is chiefly trading in loose diamonds. Commodities are imported from India and European countries. Loose, polished and cut diamonds are wholesaled in Hong Kong, and exported to some of the Asian countries. Business has been improving.

The history of the subject in Hong Kong is about nine years.

As the subject is fully supported by WinBiz, on the whole, consider it good for normal business engagements.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.46.05
UK Pound	1	Rs.75.20
Euro	1	Rs.66.48

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%)

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.