MIRA INFORM REPORT

Report Date :

03.08.2011

IDENTIFICATION DETAILS

Name :	UNIQUE CRAFT INTERNATIONAL HOLDINGS LTD.

Registered Office :	c/o Success Corporate Services Ltd., 11/F., AXA Centre, 151 Gloucester Road

Country :	Hong Kong

Date of Incorporation :	06.08.2008

Com. Reg. No.:	39646867

Legal Form :	Private Limited Company

Line of Business :	Importer, Exporter and Wholesaler of Consumer electronic products, 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

Bottom of Form

Company name

UNIQUE CRAFT INTERNATIONAL HOLDINGS LTD.

Company ADDRESS

c/o Success Corporate Services Ltd.

11/F., AXA Centre, 151 Gloucester Road, Hong Kong.

PHONE: 3020 4322

FAX: 3020 4322

E-MAIL: info@uci-holdings.com.hk

MANAGEMENT

Managing Director: Mr. Wang Xing Rui

SUMMARY

Incorporated on: 6th August, 2008.

Organization: Private Limited Company.

Capital: Nominal: HK$5,000,000.00

Issued: HK$5,000,000.00

Business Category: Importer, Exporter and Wholesaler.

Employees: Nil.

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

Banking Relation: Fair.

Company ADDRESS

Registered Head Office:-

c/o Success Corporate Services Ltd.

11/F., AXA Centre, 151 Gloucester Road, Hong Kong.

BUSINESS REGISTRATION NUMBER

39646867

COMPANY FILE NUMBER

1262699

MANAGEMENT

Managing Director: Mr. Wang Xing Rui

CAPITAL

Nominal Share Capital: HK$5,000,000.00 (Divided into 5,000,000 shares of HK$1.00 each)

Issued Share Capital: HK$5,000,000.00

SHAREHOLDER

(As per registry dated 06-08-2010)

Name		No. of shares
WANG Xing Rui		5,000,000 =======

Name

No. of shares

WANG Xing Rui

5,000,000

=======

DIRECTOR

(As per registry dated 06-08-2010)

Name (Nationality)	Address
WANG Xing Rui	No. 4, 2/F., Unit 5, 54 Shuang Bei Zhong Street, Hi-Tech Industry & Development Zone, Mianyang, Sichuan, China.

Name

(Nationality)

Address

WANG Xing Rui

No. 4, 2/F., Unit 5, 54 Shuang Bei Zhong Street, Hi-Tech Industry & Development Zone, Mianyang, Sichuan, China.

SECRETARY

(As per registry dated 06-08-2010)

Name	Address	Co. No.
Success Corporate Services Ltd.	Room 2208, 22/F., Wu Chung House, 213 Queen’s Road East, Wanchai, Hong Kong.	0618863

HISTORY

The subject was incorporated on 6th August, 2008 as a private limited liability company under the Hong Kong Companies Ordinance.

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

OPERATIONS

Activities: Importer, Exporter and Wholesaler.

Lines: Consumer electronic products, etc.

Employees: Nil.

Commodities Imported: China, Japan, South Korea, US, etc.

Markets: China, other Asian countries, etc.

Terms/Sales: As per contracted.

Terms/Buying: Various terms.

FINANCIAL INFORMATION

Nominal Share Capital: HK$5,000,000.00 (Divided into 5,000,000 shares of HK$1.00 each)

Issued Share Capital: HK$5,000,000.00

Profit or Loss: Keeping a balance account in Hong Kong.

Condition: Business is not active in Hong Kong.

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 5 million ordinary shares of HK$1.00 each, Unique Craft International Ltd. is wholly owned by Mr. Wang Xing Rui who is a China merchant. He is a China ID holder and does not have the right to reside in Hong Kong permanently. Currently residing in Mianyang County, Sichuan Province, China, Wang is the only director of the subject.

The subject does not have its own operating office. Its registered office is in a commercial service firm located at 11/F., AXA Centre, 151 Gloucester Road, Hong Kong known as Success Corporate Services Ltd. [SCS] which is handling its correspondences and documents. This firm has had a number of branches in Hong Kong. SCS is also the corporate secretary of the subject.

The subject has no employees in Hong Kong.

To our knowledge, the subject is a consumer electronic product trader. Products include:-

· Digital TV

· Set Top Box

· DVD

· Audio and Video Equipment

Products are imported from different foreign manufacturers including sourced from China.

It is likely that the subject has got an associated company in China bearing the same name [China Unique Craft] which is also operated by Wang. However, details are unknown. Products are marketed in China, exported or re-exported to Europe, North America, Japan, etc. The head office of China Unique Craft seems to be in Sichuan Province, China.

The subject’s business in Hong Kong is not active. History is just about three years.

Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on secured basis.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.23
UK Pound	1	Rs.72.09
Euro	1	Rs.62.99

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%)

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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.