MIRA INFORM REPORT

Report Date :

31.03.2011

IDENTIFICATION DETAILS

Name :	SMART-KEY TECHNOLOGY LTD.
Registered Office :	c/o Superfine Consultants Ltd., Room 2304, 23/F., 135 Bonham Strand Trade Centre, 135 Bonham Strand, Sheung Wan
Country :	Hong Kong
Date of Incorporation :	18.09.2008
Com. Reg. No.:	39806128
Legal Form :	Private Limited Company
Line of Business :	Importer, Exporter and Wholesaler of 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 :	Small Company
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 – 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

SMART-KEY TECHNOLOGY LTD.

Company ADDRESS

c/o Superfine Consultants Ltd.

Room 2304, 23/F., 135 Bonham Strand Trade Centre, 135 Bonham Strand, Sheung Wan, Hong Kong.

PHONE: 3576 3223

FAX: 3576 3220

MANAGEMENT

Managing Director: Mr. Fu Hon Fai

SUMMARY

Incorporated on: 18th September, 2008.

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: Satisfactory.

Company ADDRESS

Registered Head Office:-

c/o Superfine Consultants Ltd.

Room 2304, 23/F., 135 Bonham Strand Trade Centre, 135 Bonham Strand, Sheung Wan, Hong Kong.

BUSINESS REGISTRATION NUMBER

39806128

COMPANY FILE NUMBER

1273818

MANAGEMENT

Managing Director: Mr. Fu Hon Fai

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
FU Hon Fai	10,000 =====

DIRECTOR

(As per registry dated 18-09-2010)

Name (Nationality)	Address
FU Hon Fai	Room 1802, Chui King House, Choi Hung Estate, Choi Hung, Kowloon, Hong Kong.

SECRETARY

(As per registry dated 18-09-2010)

Name	Address	Co. No.
Superfine Consultants Ltd.	Room 2304, 23/F., 135 Bonham Strand Trade Centre, 135 Bonham Strand, Sheung Wan, Hong Kong.	0797478

HISTORY

The subject was incorporated on 18th September, 2008 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: Electronic products, etc.

Employees: Nil.

Commodities Imported: South Korea, Europe, North America, etc.

Markets: China, other Asian countries, etc.

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

Terms/Buying: L/C, 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.

Condition: Business is not very active.

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

Having issued 10,000 ordinary shares of HK$1.00 each, Smart-Key Technology Ltd. is wholly owned by Mr. Fu Hon Fai who is a Hong Kong merchant. He is also the only director of the subject.

The subject does not have its own operating office. Its registered office is in a commercial service firm located at Room 2304, 23/F., 135 Bonham Strand Trade Centre, 135 Bonham Strand, Sheung Wan, Hong Kong known as Superfine Consultants Ltd. which is handling its correspondences and documents. Superfine Consultants Ltd. is also the corporate secretary of the subject. The subject has no employees in Hong Kong.

The subject is an electronic product trader. Commodities are chiefly imported from Europe, the United States, South Korea, etc. Products are exported to China and the other Asian countries. Handled by Fu himself, the subject’s business is not very active. History in Hong Kong is just over two years and six months.

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

COURT CASES: None per our.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.77
UK Pound	1	Rs.71.69
Euro	1	Rs.63.02

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%)

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.