MIRA INFORM REPORT

Report Date :

12.05.2011

IDENTIFICATION DETAILS

Name :	Rolux Machinery Co., Ltd.

Registered Office :	1F., No.83, Sec. 3, Shin Sheng N. Road, Taipei, Taiwan, R.O.C.

Country :	Taiwan

Date of Incorporation :	02.12.2004

Com. Reg. No.:	27539025

Legal Form :	Private Limited Liability Company

Line of Business :	Sales of used water jet loom, used air jet loom, used dying machine, new water jet loom

RATING & COMMENTS

MIRA’s Rating :

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

Maximum Credit Limit :	USD 40,000
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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Taiwan

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

Contact Points

Company Name:	Rolux Machinery Co., Ltd.
Supplied Name:	Rolux Machinery Company Ltd
Trading Address:	1F., No.83, Sec. 3, Shin Sheng N. Road, Taipei, Taiwan, R.O.C.
Supplied Address:	1F No 83, Sin-Sheng N Road, See 3 Taipei, Taiwan
Telephone Number:	+886-3-6589089
Fax Number:	+886-3-6589189

Notes: The exact name is as above.

Credit Summary

Credit Rating:	Maximum credit USD 40,000
Credit Opinion:	Business connections are permissible.

Company Identification Details

Registered Name:	Rolux Machinery Co., Ltd.
Registered Address:	1F., No.83, Sec. 3, Shin Sheng N. Road, Taipei, Taiwan, R.O.C.
Date of Foundation:	2004-12-2
Registration Number:	27539025
Registry:	Taipei City Government
Registered Capital:	NTD 7,000,000 (USD 245,700) (As of 2011.05, 1 NTD = 0.0351 USD)
Legal Representatives:	Meixia Xie
Legal Form:	Private Limited Liability Company
Principal Activities:	Sales of used water jet loom, used air jet loom, used dying machine, new water jet loom
Staff:	More than 10 Employees
Listed at Stock Exchange:	No
Date of Last Annual Return:	2009-4-6

History

Subject was incorporated on 2004-12-2 with registered number 27539025 as Private Limited Liability Company in Taiwan.

Shareholders

(Unit: NTD)

Name

Subscription Amount

Meixia Xie

7,000,000

Notes: The information above is that of subject’s major shareholders.

Subsidiaries & Branches

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

Personnel Information

Core Management

1
Name	Meixia Xie
Position	Director

Personnel Structure

Total Employees

More than 10 Employees

Operation Information

Offices & Factories

	Headquarters
Address	1F., No.83, Sec. 3, Shin Sheng N. Road, Taipei, Taiwan, R.O.C.

Production Information

l Subject manufactures used water jet loom, used air jet loom, used dying machine, new water jet loom.

Purchase Information

l The registered activities of subject:

Business Code	Details
ZZ99999	Besides licensed business, all other business items those are not banned or restricted.

l The components and raw material for production are mostly purchased from the domestic markets.

Sales Information

l The products are including used water jet loom, used air jet loom, used dying machine, new water jet loom.

l The major markets are including Africa, Asia and Middle East, etc.

Import and export right:

Import right	Yes
Export right	Yes

Settlements

Purchase

Domestic Purchase (Taiwan and Mainland, China)

Product	Payment Terms	Proportion
Raw materials	COD, etc	100%

Foreign Purchase

The subject seldom imports.

Sales

Domestic Markets (Taiwan)

Product	Sales Terms	Proportion
Raw materials	CBD, etc	100%

Export

Product	Sales Terms	Proportion
Raw materials	CBD, etc	100%

Financial Information

Year	Sales
2010	About 49,990,000 NTD

Notes: It was introduced from the staff of subject.

Bankers

Name	Taiwan Bank

Public Record

Mortgage

No chattel mortgage record of subject has been found within the recent 3 months.

Lawsuit

Up to date of reporting, no existing or latent litigation of the subject has been found.

Interview Details

Name

Miss. Xie

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.69
UK Pound	1	Rs.73.12
Euro	1	Rs.64.39

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%)

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.