MIRA INFORM REPORT

Report Date :

08.09.2011

IDENTIFICATION DETAILS

Name :	LIANZHONG INDUSTRY CO., LIMITED

Registered Office :	Xiaodian Industrial Zone, Xiaodian Town, Hongqi District, Xinxiang City, Henan Province 453000 Pr

Country :	China

Date of Incorporation :	11.07.2008

Legal Form :	Private Company with Limited Liability

Line of Business :	Exporting Plastic Machinery

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 :	Small Company

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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

China

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 & address

lianzhong industry co., limited

XIAODIAN INDUSTRIAL ZONE, XIAODIAN TOWN, HONGQI DISTRICT

XINXIANG CITY, HENAN PROVINCE 453000 PR CHINA

TEL: 86 (0) 373-7784278

FAX: 86 (0) 373-7784278

NARRATIVE REPORT

This refers to a type of report whose format is different from that of a standard report. Such type of report is provided when:

l Information obtained is insufficient for compiling a standard report.

l The enquired co has been out of business or its business address has been untraceable.

It should be noted that the time and manpower spent on preparing such type of report might be greater than those on a standard report. On many occasions, the information in this type of report still indicates the current status of the enquired co. and serves as a useful reference to assess its credit standing.

Adopted abbreviations (as follows)

SC - Subject Company (the company inquired by you)

N/A – Not available

CNY – China Yuan Ren Min Bi

CHECK ON SC’S REGISTERED TELEPHONE LINE

² The given contact ways are as below,

Tel: 86 (0) 373-7784278

Fax: 86 (0) 373-7784278

When we dialed the given telephone number (86 (0) 373-7784278), a lady Ms. Lu answered the phone. She admitted the English name, and told us its Chinese name in translation is “联众实业有限公司”, which is registered in Hong Kong, but mainly operates in Xinxiang, Henan Province, PRC China, there is no one working in Hong Kong.

² Ms. Lu introduced the below information,

A. SC is mainly engaged in exporting plastic machinery.

B. SC registered in Hong Kong, which is convenience for exporting business.

C. Ms. Lu’s e-mail is: lianzhongindustry@gmail.com

D. SC sources its materials 100% from domestic market, mainly Henan. SC sells 100% to overseas market, mainly Southeast Asia, Africa, and Europe.

² During our investigation,

AA. According to the given contact ways, we found other company named “Andefu Plastic Machinery Co., Ltd. 新乡市红旗区安得富塑料机械有限公司”, which is registered in Xinxiang, Henan Province, PR China. Ms. Lu released that this company established in 2011, but the business has not been developed, and the business license will be cancelled.

BB. The website is www.bottle-mould.com

OPERATION FROM INTERNET

SC’s main products include:

· Blowing bottle mould

· Perform mould

· Cap mould

· Household mould

· Extrusion mould

· Pipe fitting mould

· Cap products

· Cap slitting machine and folding machine

· PET blow moulding machine

· Plastic machines

· Extrusion-blowing machine

SPOT VISIT

Xiaodian Industrial Zone, Xiaodian Town, Hongqi District, Xinxiang City, Henan Province 453000 PR China

Ms. Lu released that SC is currently working there.

REGISTRATION

n According to the Chinese names “联众实业有限公司” Ms. Lu released, a research was conducted with Xinxiang municipal and Henan Provincial Administration of Industry & Commerce (AIC-the official body of issuing and renewing business license), but no record of SC was found.

n During our check with Hong Kong Registry, we found the following registration about SC,

Company Name: Lianzhong Industry Co., Limited

Company File No.: 1255291

Date of Registration: July 11, 2008

Legal Form: Private

Status: Live

n We also checked the Chinese name “Andefu Plastic Machinery Co., Ltd” with Xinxiang Municipal AIC, we found the following registration information,

Registration No.: 410702000017041

Date of Registration: April 28, 2011

Legal Form: One-person Limited Liabilities Company

Registered Capital: CNY 100,000

Legal Representative: Zhao Jifu

Business Scope: Selling, importing and exporting plastic machinery components, plastic machinery and plastic

products.

Shareholder (s) (% of Shareholding): Zhao Jifu (100%)

CONCLUSIONS

SC is considered small-sized in its line with 3 years operation history. Credit dealings with SC should be confined into small amount at present.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.46.02
UK Pound	1	Rs.73.61
Euro	1	Rs.64.78

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