MIRA INFORM REPORT

Report Date :

09.12.2011

IDENTIFICATION DETAILS

Name :	PEACE TRADING (HK) LTD.

Registered Office :	Room 1308, 13/F., Hart Avenue Plaza, 5 Hart Avenue, Tsimshatsui, Kowloon,

Country :	Hong Kong

Date of Incorporation :	23.02.2011

Com. Reg. No.:	53788326

Legal Form :	Private Limited Company

Line of Business :	IMPORTER, EXPORTER AND WHOLESALER OF ALL KINDS OF MOBILE PHONES, ETC.

No. of Employees :	1

RATING & COMMENTS

MIRA’s Rating :

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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Hong Kong

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

Company name

PEACE TRADING (HK) LTD.

Address

Room 1308, 13/F., Hart Avenue Plaza, 5 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong

PHONE: Not available

FAX: Not available

Credit Border Line

No maximum credit is advisable as the subject is newly set up.

MANAGEMENT

Managing Director: Mr. Seyed Abdul Gaffar Hallaji (Mobile: 9835 3787)

SUMMARY

Incorporated on: 23rd February, 2011

Organization: Private Limited Company.

Capital: Nominal: HK$10,000.00

Issued: HK$10,000.00

Business Category: Importer, Exporter and Wholesaler.

Employee: 1.

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

Banking Relation: Satisfactory.

ADDRESS

Registered Head Office:-

Room 1308, 13/F., Hart Avenue Plaza, 5 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong

BUSINESS REGISTRATION NUMBER

53788326

COMPANY FILE NUMBER

1563441

MANAGEMENT

Managing Director: Mr. Seyed Abdul Gaffar Hallaji

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

SHAREHOLDERS

(As per registry dated 23-02-2011)

Name		No. of shares
Seyed Abdul Gaffar HALLAJI		5,000
Zakir Hussan JAFARULLAH KHAN		5,000
		––––––
	Total:	10,000 =====

DIRECTORS

(As per registry dated 23-02-2011)

Name (Nationality)	Address
Seyed Abdul Gaffar HALLAJI	Room 1308, 13/F., Hart Avenue Plaza, 5 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.
Zakir Hussan JAFARULLAH KHAN	Room 1308, 13/F., Hart Avenue Plaza, 5 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.

Name

(Nationality)

Address

Seyed Abdul Gaffar HALLAJI

Room 1308, 13/F., Hart Avenue Plaza, 5 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.

Zakir Hussan JAFARULLAH KHAN

Room 1308, 13/F., Hart Avenue Plaza, 5 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.

SECRETARY

(As per registry dated 23-02-2011)

Name	Address	Co. No.
Regent Secretarial & Tax Consultants Ltd.	Room 1601, 16/F., 113 Argyle Street, Mongkok, Kowloon, Hong Kong.	0610447

HISTORY

The subject was incorporated on 23rd February, 2011 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: All kinds of mobile phones, etc.

Employee: 1.

Commodities Imported: China, other Asian countries, US, Europe, etc.

Markets: India, other Asian countries, Middle East, 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: Too early to offer an opinion.

Condition: Business is under development.

Facilities: Making fairly active use of general banking facilities.

Commercial Morality: Satisfactory.

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

Standing: Small.

GENERAL

Having issued 10,000 ordinary shares of HK$1.00 each, Peace Trading (HK) Ltd. is equally owned by Mr. Seyed Abdul Gaffar Hallaji and Mr. Zakir Hussan Jafarullah Khan, both of whom are Indians. The former is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently. Hallaji is also the Managing Director of the subject.

The subject commenced business in February 2011. Its telephone number and fax number have not registered with local telephone company nor listed on telephone directories.

The subject is trading in all kinds of mobile phones, batteries, and accessories. It is carrying GSM/PCS mobile phones and accessories such as Motorola, Nokia, Sony Ericsson, Samsung, LG, Sharp, Panasonic/NEC, etc. The subject’s products are chiefly imported from China. It also imports from the other Asian countries, the United States and Europe. Prime markets are India, other Asian countries, etc.

The subject has registered with the Office of the Telecommunications Authority [OFTA], The Government of Hong Kong SAR, the People’s Republic of China as a Radio Dealer (Unrestricted) Licensee. The subject bears the licence No. of RU00145044-RU.

The subject’s business is still under development. Business is chiefly handled by Seyed Abdul Gaffar Hallaji. He can be reached at his mobile phone number 9835 3787.

The history of the subject in Hong Kong is just over nine months.

On the whole, since the history of the subject is short in Hong Kong, consider it good for normal business engagements on L/C basis.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.77
UK Pound	1	Rs.81.32
Euro	1	Rs.69.42

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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