MIRA INFORM REPORT

Report Date :

11.03.2011

IDENTIFICATION DETAILS

Name :	ROXY INTERNATIONAL GROUP LTD.
Registered Office :	c/o HKCN Secretary Services Ltd., Room 1301, 13/F., CRE Building, 303 Hennessy Road, Wanchai
Country :	Hong Kong
Date of Incorporation :	02.12.2010
Com. Reg. No.:	53383946
Legal Form :	Private Limited Liability Company
Line of Business :	-----

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 :	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

ROXY INTERNATIONAL GROUP LTD.

company ADDRESS

Registered Office:-

c/o HKCN Secretary Services Ltd.

Room 1301, 13/F., CRE Building, 303 Hennessy Road, Wanchai, Hong Kong.

[Tel: 2138 1668; Fax: 2877 1220]

BUSINESS REGISTRATION NUMBER

53383946

COMPANY FILE NUMBER

1535663

DATE OF INCORPORATION

2nd December, 2010.

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 02-12-2010)

Name	No. of shares
XU Xing	10,000 =====

DIRECTOR

(As per registry dated 02-12-2010)

Name (Nationality)	Address
XU Xing	38 Sanqianghe Road, Longhe Industrial Park, Huashi Town, Jiangyin, Jiangsu Province, China.

SECRETARY

(As per registry dated 02-12-2010)

Name	Address	Co. No.
HKCN Secretary Services Ltd.	Room 1301, 13/F., CRE Building, 303 Hennessy Road, Wanchai, Hong Kong.	0837258

GENERAL

Roxy International Group Ltd. was incorporated on 2nd December, 2010 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 firm located at Room 1301, 13/F., CRE Building, 303 Hennessy Road, Wanchai, Hong Kong known as HKCN Secretary Services Ltd. which is handling its correspondences and documents. HKCN Secretary Services Ltd. is also the corporate secretary of the subject.

The subject has no employees in Hong Kong. This firm is an associated company of JBL & Co. which is an accountant firm also located at the above‑mentioned address.

According to the Companies Registry of Hong Kong, the subject has issued 10,000 ordinary shares of HK$1.00 each which are wholly-owned by Mr. Xu Xing who is a China merchant. Xu is a China ID holder and does not have the right to reside in Hong Kong permanently. He is also the only director of the subject. The registered address of Xu is located at Longhe Industrial Park, Huashi Town, Jiangyin, Jiangsu Province, China.

The subject’s lines of business are unknown since the secretarial firm declined to divulge any information about it. Xu cannot be reached as he is in China.

It is likely that Xu is a chemical trader. He is operating a factory in Longhe Industrial Park, Huashi Town, Jiangyin, Jiangsu Province, China. Raw materials are chiefly imported from India and European countries.

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 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 in Hong Kong is just over three months.

Since the subject does not have its own operating office, has no employees and history is short in Hong Kong, consider it good for business engagements on secured terms.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.11
UK Pound	1	Rs.72.91
Euro	1	Rs.62.56

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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