MIRA INFORM REPORT

Report Date :

17.05.2011

Tel. No.:

852 23763611

IDENTIFICATION DETAILS

Name :	TEXASIA TRADING (HK) LTD.
Formerly Known As :	ORACLE INVESTMENTS (HK) LTD.
Registered Office :	C/o Prima Secretaries Ltd. Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road Central
Country :	Hong Kong
Date of Incorporation :	05.10.2007
Com. Reg. No.:	38505696
Legal Form :	Private Limited Liability Company
Line of Business :	---

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	No Operating Office
Payment Behaviour :	--
Litigation :	--

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

Name and address

TEXASIA TRADING (HK) LTD.

ADDRESS:

Registered Office:-

c/o Prima Secretaries Ltd.

Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road Central, Hong Kong.

[Tel: 2376 3611; Fax: 2736 5115]

Affiliated Company:-

Ishan International, India.

BUSINESS REGISTRATION NUMBER

38505696

COMPANY FILE NUMBER

1173229

DATE OF INCORPORATION

5th October, 2007.

CAPITAL

Nominal Share Capital: HK$1,000,000.00 (Divided into 100,000 shares of HK$10.00 each)

Issued Share Capital: HK$10.00

SHAREHOLDER

(As per registry dated 05-10-2010)

Name	No. of share
Martin James Colin GRAHAM	1 =

DIRECTOR

(As per registry dated 05-10-2010)

Name (Nationality)	Address
Martin James Colin GRAHAM	1/F., 199 Jor Bagh, New Delhi 110003, India.

SECRETARY

(As per registry dated 05-10-2010)

Name	Address	Co. No.
Prima Secretaries Ltd.	Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road Central, Hong Kong.	0569406

GENERAL

Texasia Trading (HK) Ltd. was incorporated on 5th October, 2007 as a private limited liability company under the Hong Kong Companies Ordinance.

Originally the subject was registered under the name of Oracle Investments (HK) Ltd., name changed to the present style on 8th December, 2010.

The subject does not have its own operating office. Its registered office is in a commercial service firm located at Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road Central, Hong Kong known as Prima Secretaries Ltd. [Prima] which is handling its correspondences and documents. Prima is also the corporate secretary of the subject. Your given phone number 2376 3611 belongs to Prima.

Formerly the subject was located at c/o Prima Secretaries Ltd., Suite 1402, 14/F., 1 Duddell Street, Central, Hong Kong, moved to the present address as Prima moved to the present address in November 2009, so did the subject.

The subject has no employees in Hong Kong.

According to the Companies Registry of Hong Kong, the subject has issued 1 ordinary share of HK$10.00 which is owned by Mr. Martin James Colin Graham who is a UK passport holder. He is also the only director of the subject. Currently, Graham is residing in New Delhi, India.

It is likely that Graham is operating a firm in India known as Ishan International. Ishan International is a manufacturer and exporter of leather and leather garments like leather jackets, leather long coats, etc. Products are exported to Europe and North America.

The subject has been banking with The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

Since the subject does not have its own operating office and has no employees in Hong Kong, 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.45.07
UK Pound	1	Rs.72.97
Euro	1	Rs.63.57

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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