MIRA INFORM REPORT

Report Date :

05.10.2011

IDENTIFICATION DETAILS

Name :	AUTO TECHNOLOGY (HONG KONG) CO. LTD.

Registered Office :	c/o Honest Joy (Nominees) Ltd., 17/F., Ginza Square, 565-567 Nathan Road, Yaumatai, Kowloon

Country :	Hong Kong

Date of Incorporation :	18.01.2010

Com. Reg. No.:	51711818

Legal Form :	Private Limited Company

Line of Business :	Importer, Exporter and Wholesaler of Electrical Products, Electrical Components, Instruments and metres, etc.

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Hong Kong

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

Company name

AUTO TECHNOLOGY (HONG KONG) CO. LTD.

Company ADDRESS

Room 605, 6/F., Nanyang Plaza, No. 57 Hung To Road, Kwun Tong, Kowloon, Hong Kong.

PHONE: 3153 1498

MANAGEMENT

Managing Director: Mr. Yoshihiko Saito

SUMMARY

Incorporated on: 18th January, 2010.

Organization: Private Limited Company.

Capital: Nominal: HK$10,000.00

Issued: HK$10,000.00

Business Category: Trader.

Employees: 6.

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

Banking Relation: Satisfactory.

Company ADDRESS

Registered Office:-

c/o Honest Joy (Nominees) Ltd.

17/F., Ginza Square, 565-567 Nathan Road, Yaumatai, Kowloon, Hong Kong.

Head Office:-

Room 605, 6/F., Nanyang Plaza, No. 57 Hung To Road, Kwun Tong, Kowloon, Hong Kong.

BUSINESS REGISTRATION NUMBER

51711818

COMPANY FILE NUMBER

1412480

MANAGEMENT

Managing Director: Mr. Yoshihiko Saito

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 18-01-2011)

Name		No. of shares
Yoshihiko SAITO		10,000 =====

Name

No. of shares

Yoshihiko SAITO

10,000

=====

DIRECTOR

(As per registry dated 18-01-2011)

Name (Nationality)	Address
Yoshihiko SAITO	Room 605, 6/F., Nanyang Plaza, No. 57 Hung To Road, Kwun Tong, Kowloon, Hong Kong.

Name

(Nationality)

Address

Yoshihiko SAITO

Room 605, 6/F., Nanyang Plaza, No. 57 Hung To Road, Kwun Tong, Kowloon, Hong Kong.

SECRETARY

(As per registry dated 18-01-2011)

Name	Address	Co. No.
Honest Joy (Nominees) Ltd.	17/F., Ginza Square, 565-567 Nathan Road, Yaumatai, Kowloon, Hong Kong.	1303363

HISTORY

The subject was incorporated on 18th January, 2010 as a private limited liability company under the Hong Kong Companies Ordinance.

Originally the subject was registered under the name of Unitron Hong Kong Co. Ltd. name changed to the present style on 30th August, 2011.

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

OPERATIONS

Activities: Importer, Exporter and Wholesaler.

Lines: Electrical Products, Electrical Components, Instruments and metres, etc.

Employees: 6.

Commodities Imported: Japan, other Asian countries, Europe, etc.

Markets: Hong Kong, Japan, China, India, other Asian countries, Europe, etc.

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

Terms/Buying: L/C, T/T, D/P, 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: Too early to offer an opinion.

Condition: Business is under development.

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, Auto Technology (Hong Kong) Co. Ltd. is wholly owned by Mr. Yoshihiko Saito who is a Japanese.

Formerly the shares of Saito were held by Mr. Tetsuya Toyokawa. Toyokawa transferred all his shares to Saito on 11th August, 2010.

The subject’s operating office is located at Room 605, 6/F., Nanyang Plaza, No. 57 Hung To Road, Kwun Tong, Kowloon, Hong Kong.

The subject is trading in the following products:

Pressure transmitter, digital pressure meter, level sensors, electrical pressure transmitter, liquid pressure transmitter, pressure measuring instruments, temperature measuring instruments, humidity temperature transmitters, vacuum transmitters, temperature transmitters, smart series pressure transmitter, pressure transducers, power transducer, transducer, pressure sensor, etc.

Most of products are sourced from Japan and marketed in India. The other markets are Hong Kong, China, other Asian countries, Europe, North and South America, etc. Business is under development.

The subject has been one of the significant suppliers in the India market.

In Hong Kong, the subject has set up a warehouse which is keeping a number of the above-mentioned metres. The contact person is Mr. Suganuma Toshio who is also a Japanese.

The history of the subject is just over a year and eight months.

On the whole, since the history of the subject is short in Hong Kong, consider it good for normal credit requirements on secured basis for the time being.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.23
UK Pound	1	Rs.76.07
Euro	1	Rs.65.06

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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.