MIRA INFORM REPORT

Report Date :

10.10.2011

IDENTIFICATION DETAILS

Name :	IKAN TERI PVT. LTD.

Registered Office :	3F., No.34, Alley 6, Lane 18, Sinpo 1st St., Xindian Dist., New Taipei City 231

Country :	Taiwan

Date of Incorporation :	01.12.2004

Com. Reg. No.:	29307465

Legal Form :	Sole Proprietorship

Line of Business :	International Trading Business

RATING & COMMENTS

MIRA’s Rating :

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 :	Undetermined

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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

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:	Ikan Teri Pvt. Ltd.
Supplied Name:	Ikan Teri Pvt. Ltd.
Supplied Address:	3/F, No. 34 Alley 06, Lane 18 Sinpo 1st Street Sindian City Taipei Taiwan
Telephone Number:	+886-2-2918-1900
Fax Number:	+886-2-2915-3636
E-mail:	email-ikan.teri@msa.hinet.net

Notes: Subject’s exact name and address are as above. And subject’s English Name is obtained from local Bureau of Foreign Trade, Ministry of Economic Affairs.

Credit Summary

Credit Rating:	N/A
Credit Opinion:	Since we did not get in touch with subject, in view of the absence of information about subject’s operation, caution should be exercised.

Special Notes

Subject is under public holiday, the operation information is not available at present and we will update the report as soon as possible.

Company Identification Details

Registered Name:	Ikan Teri Pvt. Ltd.
Registered Address:	3F., No.34, Alley 6, Lane 18, Sinpo 1st St., Xindian Dist., New Taipei City 231, Taiwan (R.O.C.)
Date of Foundation:	2004-12-1
Registration Number:	29307465
Registry:	New Taipei City Government
Registered Capital:	NTD 450,000 (USD 14,805) (As of 2011.10, 1 NTD = 0.0329 USD)
Legal Representatives:	Huiren Zhu
Legal Form:	Sole Proprietorship
Principal Activities:	International trading business
Staff:	N/A
Listed at Stock Exchange:	No

Notes: The staff information is not available from subject or other sources.

History

Subject was incorporated on 2004-12-1 with registered number 29307465 as Sole Proprietorship in Taiwan.

Owner

Name	Huiren Zhu
% of investment:	100%

Subsidiaries & Branches

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

Operation Information

l The registered activities of subject:

Business Code	Details
F401010	International Trading Business

Import and export right:

Import right	Yes
Export right	Yes

We will update the operation information as soon as possible.

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.

The financial information is not available at present.

Bankers

Information on bank details is not available from 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.49.14
UK Pound	1	Rs.75.97
Euro	1	Rs.65.99

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.