MIRA INFORM REPORT

Report Date :

12.11.2011

IDENTIFICATION DETAILS

Name :	SANYO LIFT GROUP CO., LTD.
Registered Office :	No.100, Hougang St., Shihlin District, Taipei City 111
Country :	Taiwan
Date of Incorporation :	26.06.1998
Com. Reg. No.:	16601090
Legal Form :	Joint Stock Company
Line of Business :	Manufacture and trade of machine.

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Maximum Credit Limit :	USD 20,000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
Taiwan	A2	A2

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

Contact Points

Company Name:	Sanyo Lift Group Co., Ltd.
Supplied Name:	Sanyo Lift Group Co Ltd.
Supplied Address:	1F, No. 100 Hougang St., Shihlin District, Taipei City 111 Taipei
Telephone Number:	+886 2-2881-8805
Fax Number:	+886 2-2881-8852
E-mail:	numeco@ms22.hinet.net

Credit Summary

Credit Rating:	Maximum credit USD 20,000
Credit Opinion:	Business connections are permissible.

Special Note

From local registry, we got the telephone number (+886 2-2881-8805), the number was working, but nobody answered. And we tried to found another contact method, but failed.

The registration files show that subject is engaged in manufacturing and trading of machine, since we did not get in touch with subject, we can not confirm the information.

We found subject’s registration information as follows for reference.

Company Identification Details

Registered Name:	Sanyo Lift Group Co., Ltd.
Registered Address:	No.100, Hougang St., Shihlin District, Taipei City 111, Taiwan (R.O.C.)
Date of Foundation:	1998-6-26
Registration Number:	16601090
Registry:	Taipei City Government
Registered Capital:	NTD 6,000,000 (USD 197,780) (As of 2011.11, 1 NTD =0.03296 USD)
Paid-up Capital:	NTD 6,000,000 (USD 197,780)
Legal Representatives:	Xihong Li
Legal Form:	Joint Stock Company
Principal Activities:	Manufacture and trade of machine.
Staff:	N/A
Listed at Stock Exchange:	No
Date of Last Annual Return:	2008-5-28

Note:

The staff number is not available from the subject or other sources.

History

Subject was incorporated on 1998-6-26 with registered number 16601090 as Joint Stock Company in Taiwan.

Change of Name

Former Chinese Name	富士通聯合貿易股份有限公司
Current Chinese Name	三洋電梯股份有限公司

Former English Name	FUJITSU INTERNATIONAL LIFT EQUIPMENT & SERVICE CO., LTD.
Current English Name	Sanyo Lift Group Co., Ltd.

Shareholders

Name	Subscription Number
Xihong Li	210,000
Zengchang Li
180,000
Xiru Li	30,000
Zengzhi Li	180,000

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

Directors

1
Name	Xihong Li
Position	Board Chairman
2
Name	Zengchang Li
Position	Director
3
Name	Xiru Li
Position	Director
4
Name	Zengzhi Li
Position	Supervisor

Operation Information

Offices & Factories

	Headquarters
Add	1F, No.100, Hougang St., Shihlin District, Taipei City 111, Taiwan (R.O.C.)

Operation Information

We couldn’t contact subject successfully.

We obtained the registered activities of the subject as follows for reference.

l The registered activities of subject:

Business Code	Details
CB01010	Manufacture of machine
F113010	Retail of machine
F401010	International Trade
ZZ99999	Besides licensed business, all other business items those are not banned or restricted.

Import and export right:

Import right	Yes
Export right	Yes

Settlements

We couldn’t contact the subject successfully, and the settlement information is not available from the subject or other sources.

Financial Information

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Taiwan and the only source from which we can obtain the information is the subject itself.

And we couldn’t contact the subject successfully; the financial information is not available from the subject.

Bankers

The bankers’ information is not available from the subject or other sources.

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.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.28
UK Pound	1	Rs.80.08
Euro	1	Rs.68.44

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.