MIRA INFORM REPORT

Report Date :

12.12.2011

IDENTIFICATION DETAILS

Name :	BEN LEADER INTERNATIONAL LTD.

Registered Office :	Unit D, 5/F., Hop Hing Industrial Building, 704 Castle Peak Road, Kowloon

Country :	Hong Kong

Date of Incorporation :	25.09.2002

Com. Reg. No.:	33032846

Legal Form :	Private Limited Company

Line of Business :	Importer and Exporter of all kinds of fabrics, etc.

No. of Employees :	5

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Satisfactory
Payment Behaviour :	No Complaints
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 and address

BEN LEADER INTERNATIONAL LTD.

ADDRESS: Unit D, 5/F., Hop Hing Industrial Building, 704 Castle Peak Road, Kowloon, Hong Kong.

PHONE: 2370 2223

FAX: 2370 2260

MANAGEMENT

Managing Director: Mr. Kan Yiu Kwong, Eric

SUMMARY

Incorporated on: 25th September, 2002.

Organization: Private Limited Company.

Capital: Nominal: HK$10,000.00

Issued: HK$3.00

Business Category: Fabric Trader.

Annual Turnover: HK$50~55 million

Employees: 5.

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

Banking Relation: Satisfactory.

ADDRESS

Registered Head Office:-

Unit D, 5/F., Hop Hing Industrial Building, 704 Castle Peak Road, Kowloon, Hong Kong.

Holding Company:-

Ben Leader Ltd., Hong Kong. (Same address)

BUSINESS REGISTRATION NUMBER

33032846

COMPANY FILE NUMBER

0815326

MANAGEMENT

Managing Director: Mr. Kan Yiu Kwong, Eric

CAPITAL

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

Issued Share Capital: HK$3.00

SHAREHOLDERS

(As per registry dated 25-09-2011)

Name		No. of shares
Ben Leader Ltd., Hong Kong.		2
Incorporated Nominees Ltd., Hong Kong.		1
		––
	Total:	3 =

DIRECTORS

(As per registry dated 25-09-2011)

Name (Nationality)	Address
POON Chap Shing	Room 2805, Block C, Kornhill, Quarry Bay, Hong Kong.
KAN Yiu Kwong	Flat B, 19/F., 98 Broadway, Mei Foo Sun Chuen, Kowloon, Hong Kong.
TSOI Yiu Chung	Flat E, 2/F., Tower 14, Parc Oasis, Yau Yat Chuen, Kowloon, Hong Kong.

SECRETARY

(As per registry dated 25-09-2011)

Name	Address	Co. No.
Consolidated Secretaries Ltd.	G/F., 124 Wing Lok Street, Sheung Wan, Hong Kong.	0060029

HISTORY

The subject was incorporated on 25th September, 2002 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 and Exporter.

Lines: All kinds of fabrics, etc.

Employees: 5.

Commodities Imported: India, other Asian countries, Europe, etc.

Markets: North America, South America, Eastern Europe, Western Europe, Southeast Asia, Eastern Asia, Africa, Oceania, Middle East, etc.

Annual Turnover: HK$50~55 million

Terms/Sales: L/C or as per contracted.

Terms/Buying: As per contracted.

FINANCIAL INFORMATION

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

Issued Share Capital: HK$3.00

Profit or Loss: Making a small profit every year.

Condition: Keeping in a satisfactory manner.

Facilities: Making active use of general banking facilities.

Payment: Met trade commitments as required.

Commercial Morality: Satisfactory.

Bankers:-

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

Shanghai Commercial Bank Ltd., Hong Kong.

Standing: Normal.

GENERAL

Having issued 3 ordinary shares of HK$1.00 each, Ben Leader International Ltd. is jointly owned by Ben Leader Ltd., a Hong Kong-registered firm located at the same address holding 2 shares, and Incorporated Nominees Ltd., also a Hong Kong-registered firm holding 1 share.

Directors of the subject are Mr. Poon Chap Shing, Mr. Kan Yiu Kwong and Mr. Tsoi Yiu Chung. All of whom are Hong Kong merchants.

The subject is a fabric trader. It has had close business ties with a number of textile mills of the world. It is trading in light to medium fabrics, printed fabrics, cotton fabrics, corduroy, poplin, linen, polyester fabrics, and other novelty items. Most of its fabrics are made of natural fibres such as cotton, linen and ramie, and the remaining will be as synthetics, blends and wool. Most of its commodities are sourced from India, China, other Asian countries, the United Kingdom, other European countries, etc.

The subject exports its products to China, North America, South America, Eastern Europe, Western Europe, Southeast Asia, Eastern Asia, Africa, Oceania, the Middle East, etc. Business is rather active. The following firms are its major customers: Ambiente Fashion, Ann Taylor, Appleseed’s, Esprit, GAP, Haggar, Liz, Claiborne, Macy’s, Michael, Kors, Talbots, Tommy Hilfiger, etc. The annual sales turnover of the subject ranges from HK$50 to 55 million. Making a small profit every year.

The subject’s business are chiefly handled by the three directors.

As the history of the subject is over nine years and two months in Hong Kong, on the whole, consider it good for normal business engagements.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.23
UK Pound	1	Rs.81.55
Euro	1	Rs.69.60

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