MIRA INFORM REPORT

Report Date :

06.05.2011

IDENTIFICATION DETAILS

Name :	WISH TRADING COMPANY

Registered Office :	Unit 23, 10/F., Block B, Focal Industrial Centre, 21 Man Lok Street, Hunghom, Kowloon

Country :	Hong Kong

Date of Incorporation :	18.08.2008

Com. Reg. No.:	39684786-000-08

Legal Form :	Sole Proprietorship

Line of Business :	Importer, Exporter and Wholesaler of all kinds of machinery and equipment for jewellery processing.

RATING & COMMENTS

MIRA’s Rating :

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

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

Company name

WISH TRADING COMPANY

ADDRESS

Unit 23, 10/F., Block B, Focal Industrial Centre, 21 Man Lok Street, Hunghom, Kowloon, Hong Kong.

PHONE: 2388 3869

FAX: 2385 0825

E-MAIL: wish@netvigator.com

MANAGEMENT

Manager: Mr. Sabir Mohammad

SUMMARY

Establishment: 18th August, 2008.

Organization: Sole Proprietorship.

Capital: Not disclosed.

Business Category: Machinery Trader.

Employees: 6.

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

Banking Relation: Satisfactory.

ADDRESS

Head Office:-

Unit 23, 10/F., Block B, Focal Industrial Centre, 21 Man Lok Street, Hunghom, Kowloon, Hong Kong.

China Offices:-

Panyu
74 Beiqiao Road, Shiqiao, Panyu, Guangzhou, Guangdong Province, China.

Tel: 86-20-8466 5474

Fax: 86-20-8466 5476

E-mail: wishpy@21cn.com

Shenzhen
2/F., West Door, Cuitian Industrial Area, 293 Taining Road, Luohu District, Shenzhen Special Economic Zone, China.
Tel: 86-755-2563 5828

Fax: 86-755-2563 6622

E-mail: wishsz@21cn.com

BUSINESS REGISTRATION NUMBER

39684786-000-08

MANAGEMENT

Manager: Mr. Sabir Mohammad

SOLE PROPRIETOR

Name: Mr. Sabir MOHAMMAD

Residential Address: 174 Itwari Gunj, Jhansi U.P., India.

HISTORY

The subject was established on 18th August, 2008 as a sole proprietorship concern owned by Mr. Sabir Mohammad under the Hong Kong Business Registration Regulations.

Apart from these, neither material change nor amendment has been ever traced and noted.

OPERATIONS

Activities: Importer, Exporter and Wholesaler.

Lines: All kinds of machinery and equipment for jewellery processing.

Employees: 6.

Commodities Imported: Italy, Switzerland, USA, Germany, Japan, etc.

Markets: China, India, other Asian countries, etc.

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

Terms/Buying: As per contracted.

FINANCIAL INFORMATION

Capital: Not disclosed.

Profit or Loss: Making a small profit.

Condition: Keeping in a satisfactory manner.

Facilities: Making 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

Wish Trading Company is a sole proprietorship set up on and owned by Mr. Sabir Mohammad who is an Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently.

The predecessor of the subject was set up in 1975.

The subject is engaged in importing and selling specialized machinery and equipment, tools and materials. Most of its buyers are jewellery manufacturers in Hong Kong and China.

According to the subject, it is well-known for its good reputation in “reasonable prices and sincere services”.

The subject is a wholesaler and retailer in supplying casting machines, laser welding machines, laser marking machines, grinding and polishing machines, etc. It also sells various kinds of professional tools and materials. In addition, the subject is also introducing innovative technologies in jewellery processing from overseas.

The subject has set up branch offices in Panyu, Guangzhou City, Guangdong Province and Shenzhen Special Economic Zone in order to cope with the needs of the customers in China.

The subject is trading in the following commodities and machinery:-

Materials

Precious Metal — Master Alloys, Goldless Alloys

Equipment and Services

Assaying Equipment

Casting Equipment

Cleaning Agents and Apparatus

Diamond cutting and polishing Equipment

Electroforming Equipment

Finishing and Polishing Equipment

Gemmological Instruments and Tools

Welding Equipment

Tools for Jewellery Production

Machine for Jewellery Production

Electronic Balances

Gold Testers

The subject’s products bear the following trade marks: “Dentsply Maillefer”, “Glardon Vallorbe”, “Johnson Matthey”, “Legor”, “Marathon”, “Melt”, “Metalfinishing”, “Metalor”, “Presidium”, “ProfiCast. S & S”, “ProfiCast”, “Reddish Stone”, “Shinko”, “Umicore”, “Vision”, “Wieland”, etc. Machinery and equipment and other supplies are imported from Italy, Switzerland, the United States, Germany, Japan, etc.

The subject’s business is chiefly handled by Mohammad himself. Overall business is satisfactory.

On the whole, consider it good for normal business engagements.

COURT CASES: None per our.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.57
UK Pound	1	Rs.73.58
Euro	1	Rs.66.23

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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