MIRA INFORM REPORT

Report Date :

25.10.2011

IDENTIFICATION DETAILS

Name :	DRAGON CROWN LTD.

Registered Office :	C/o Buttar.HK Ltd. Unit D, 6/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon

Country :	Hong Kong

Date of Incorporation :	18.07. 2011

Com. Reg. No.:	58702494

Legal Form :	Private Limited Company.

Line of Business :	Importer, Exporter and Wholesaler of Telecommunication equipment, electronic products, etc.

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New Company

Payment Behaviour :	Unknown

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)

Hong Kong

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

Company name and address

DRAGON CROWN LTD.

ADDRESS:

c/o Buttar.HK Ltd.

Unit D, 6/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.

PHONE: 2312 0148

FAX: 2375 6513

MANAGEMENT

Managing Director: Mr. Dashmesh Banka

SUMMARY

Incorporated on: 18th July, 2011.

Organization: Private Limited Company.

Capital: Nominal: HK$10,000.00

Issued: HK$10,000.00

Business Category: Importer, Exporter and Wholesaler.

Employees: Nil.

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

Banking Relation: Too early to comment.

ADDRESS

Registered Head Office:-

c/o Buttar.HK Ltd.

Unit D, 6/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.

BUSINESS REGISTRATION NUMBER

58702494

COMPANY FILE NUMBER

1635250

MANAGEMENT

Managing Director: Mr. Dashmesh Banka

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

SHAREHOLDERS

(As per registry dated 12-09-2011)

Name		No. of shares
GNL11 Ltd., Hong Kong.		1
Dashmesh Banka		9,999
		–––––
	Total:	10,000 =====

DIRECTOR

(As per registry dated 12-09-2011)

Name (Nationality)	Address
Dashmesh Banka	102 Ami Chand Khand Giri Nagar, Kalkaji, New Delhi 110019, India.

Name

(Nationality)

Address

Dashmesh Banka

102 Ami Chand Khand Giri Nagar, Kalkaji, New Delhi 110019, India.

SECRETARY

(As per registry dated 12-09-2011)

Name	Address	Co. No.
Buttar.HK Ltd.	1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.	0975326

HISTORY

The subject was incorporated on 18th July, 2011 as a private limited liability company under the Hong Kong Companies Ordinance.

Formerly the subject’s registered address was located at Room 1001-4A, Champion Building, 287-291 Des Voeux Road, Central, Hong Kong where was the operating address of a commercial service provider Gateway Registrations Ltd. The subject moved to the present address with effect from 12th September, 2011 as it has changed its commercial service provider to the present one since then.

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

OPERATIONS

Activities: Importer, Exporter and Wholesaler.

Lines: Telecommunication equipment, electronic products, etc.

Employees: Nil.

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

Markets: India, other Asian countries, etc.

Terms/Sales: L/C, T/T, etc.

Terms/Buying: L/C, T/T, prepayment, 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: Too early to comment.

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

Standing: Small.

GENERAL

Having issued 10,000 ordinary shares of HK$1.00 each, Dragon Crown Ltd. is wholly owned by Mr. Dashmesh Banka who is an Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently. Being the only director of the subject, currently he is residing in New Delhi, India.

The subject does not have its own operating office. Its registered office is in a commercial service firm located at ‘6/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong’ known as ‘Buttar.HK Ltd.’ which is handling its correspondences and documents. This firm is also the corporate secretary of the subject.

The subject’s lines of business are unknown since the secretarial firm declined to divulge any information about it.

The director of the subject cannot be reached as he is in India. It is likely that the subject is a telecommunication equipment trader. It also trades in other ‘heat’ products as entrusted by customers. It is also a commission agent.

It is likely that the subject has got an associated company in New Delhi, India which is also operated by Dashmesh Banka.

It is likely that the India firm deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. The India firm also exports/imports commodities to/from foreign markets under the name of the subject and its registered address in Hong Kong.

The subject’s business in Hong Kong is not active. History in Hong Kong is just over three months.

Since the subject does not have its own operating office, history is short and has no employees in Hong Kong, consider it good for business engagements on L/C basis.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.87
UK Pound	1	Rs.79.73
Euro	1	Rs.69.53

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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