MIRA INFORM REPORT

Report Date :

11.01.2011

IDENTIFICATION DETAILS

Name :	SOYE TECHNOLOGY CO. LTD.
Registered Office :	c/o T.N. Lui & Co., Room 1613, 16/F., Tai Yau Building, 181 Johnston Road, Wanchai
Country :	Hong Kong
Date of Incorporation :	23.08.2006
Com. Reg. No.:	37082845
Legal Form :	Private Limited Company
Line of Business :	Importer, Exporter and Wholesaler of Software and electronic products, etc.

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
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 – June 30, 2010

Country Name	Previous Rating (01.04.2010)	Current Rating (30.06.2010)
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

SOYE TECHNOLOGY CO. LTD.

Company ADDRESS

c/o T.N. Lui & Co.

Room 1613, 16/F., Tai Yau Building, 181 Johnston Road, Wanchai, Hong Kong.

PHONE: 2545 7579

FAX: 2815 6319

MANAGEMENT

Managing Director: Ms. Zhang Li

SUMMARY

Incorporated on: 23rd August, 2006.

Organization: Private Limited Company.

Capital: Nominal: HK$10,000.00

Issued: HK$10,000.00

Business Category: Importer, Exporter and Wholesaler.

Employees: Nil.

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

Banking Relation: Fairly satisfactory.

Company ADDRESS

Registered Head Office:-

c/o T.N. Lui & Co.

Room 1613, 16/F., Tai Yau Building, 181 Johnston Road, Wanchai, Hong Kong.

BUSINESS REGISTRATION NUMBER

37082845

COMPANY FILE NUMBER

1068940

MANAGEMENT

Managing Director: Ms. Zhang Li

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 23-08-2010)

Name	No. of shares
ZHANG Li	10,000 =====

DIRECTOR

(As per registry dated 23-08-2010)

Name (Nationality)	Address
ZHANG Li	24E, West Block, Yitian Hezheng Jaiyuan, Yitian Road, Futian District, Shenzhen Special Economic Zone, China.

SECRETARY

(As per registry dated 23-08-2010)

Name	Address	Co. No.
Hong Kong Daiyan Registrations Ltd.	16/F., Gofuku Tower, 62-64 Woosung Street, Jordan, Kowloon, Hong Kong.	0952329

HISTORY

The subject was incorporated on 23rd August, 2006 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: Software and electronic products, etc.

Employees: Nil.

Commodities Imported: India, Europe, USA, etc.

Markets: China, other 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: 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

Soye Technology Co. Ltd. is wholly-owned by Ms. Zhang Li who is a China businesswoman. She is a China ID holder and does not have the right to reside in Hong Kong permanently. Currently residing in Shenzhen Special Economic Zone, China, Zhang is also the only director of the subject.

Incorporated in August 2006, the subject does not have its own operating office. Its registered office is in an accountant firm located at Room 1613, 16/F., Tai Yau Building, 181 Johnston Road, Wanchai, Hong Kong known as T.N. Lui & Co. which is handling its correspondences and documents.

The subject’s corporate secretary Hong Kong Daiyan Registrations Ltd. is located at a different address.

The subject has no employees in Hong Kong.

The exact kind of products handled by the subject is unknown. From indirect sources, we have learnt that the subject is trading in software and electronic products. Commodities are imported from India, Europe, the United States, etc. Prime markets are China and the other Asian countries.

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

It is likely that the China 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 China firm imports or exports commodities 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 over four years and four months.

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 L/C basis.

COURT CASES: None per our.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.37
UK Pound	1	Rs.70.38
Euro	1	Rs.58.93

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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