MIRA INFORM REPORT

Report Date :

14.09.2011

IDENTIFICATION DETAILS

Name :	RISE INTERNATIONAL LTD.

Registered Office :	c/o Excellent Honour Corporate Services Ltd., Unit B & C, 20/F., Full Win Commercial Centre, 573 Nathan Road, Yaumatei, Kowloon

Country :	Hong Kong

Date of Incorporation :	08.02.2010

Com. Reg. No.:	51819949

Legal Form :	Private Limited Company

Line of Business :	Importer and Exporter of all kinds of fabrics

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

RISE INTERNATIONAL LTD.

Company ADDRESS

c/o Excellent Honour Corporate Services Ltd.

Unit B & C, 20/F., Full Win Commercial Centre, 573 Nathan Road, Yaumatei, Kowloon, Hong Kong.

PHONE: 2626 0378

FAX: 2626 0372

MANAGEMENT

Managing Director: Mr. Sanjeev Kumar Chopra

SUMMARY

Incorporated on: 8th February, 2010.

Organization: Private Limited Company.

Capital: Nominal: HK$10,000.00

Issued: HK$1.00

Business Category: Fabric Trader.

Employees: Nil.

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

Banking Relation: Satisfactory.

Company address

Registered Head Office:-

c/o Excellent Honour Corporate Services Ltd.

Unit B & C, 20/F., Full Win Commercial Centre, 573 Nathan Road, Yaumatei, Kowloon, Hong Kong.

Associated Company:-

Search Lights, Hong Kong. (Same owner)

BUSINESS REGISTRATION NUMBER

51819949

COMPANY FILE NUMBER

1420301

MANAGEMENT

Managing Director: Mr. Sanjeev Kumar Chopra

CAPITAL

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

Issued Share Capital: HK$1.00

SHAREHOLDER

(As per registry dated 08-02-2011)

Name		No. of share
Sanjeev Kumar CHOPRA		1 =

Name

No. of share

Sanjeev Kumar CHOPRA

DIRECTOR

(As per registry dated 08-02-2011)

Name (Nationality)	Address
Sanjeev Kumar CHOPRA	11879/10, Sat Nagar Karol Bagh, New Delhi-100051, India.

Name

(Nationality)

Address

Sanjeev Kumar CHOPRA

11879/10, Sat Nagar Karol Bagh, New Delhi-100051, India.

SECRETARY

(As per registry dated 08-02-2011)

Name	Address	Co. No.
Excellent Honour Corporate Services Ltd.	Unit B & C, 20/F., Full Win Commercial Centre, 573 Nathan Road, Yaumatei, Kowloon, Hong Kong.	1168336

HISTORY

The subject was incorporated on 8th February, 2010 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 and Exporter.

Lines: All kinds of fabrics.

Employees: Nil.

Commodities Imported: India, etc.

Markets: Hong Kong, China, other Asian countries, etc.

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

Terms/Buying: L/C.

FINANCIAL INFORMATION

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

Issued Share Capital: HK$1.00

Profit or Loss: Suffering from a small loss in 2010.

Condition: Business is under development.

Facilities: Trying to make use of general banking facilities.

Payment: Met trade commitments as required.

Commercial Morality: Fairly satisfactory.

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

Standing: Small.

GENERAL

Having issued one ordinary share of HK$1.00, Rise International Ltd. is wholly owned by Mr. Sanjeev Kumar Chopra who is an Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently.

The subject does not have its own operating office. Its registered office is in a commercial service firm located at Unit B & C, 20/F., Full Win Commercial Centre 573 Nathan Road, Yaumatei, Kowloon, Hong Kong known as Excellent Honour Corporate Services Ltd. [Excellent Honour] which is handling its correspondences and documents. Excellent Honour is also the corporate secretary of the subject.

The subject has no employees in Hong Kong.

Chopra’s residential address is in New Delhi, India.

According to the subject, it is a fabric trader. Commodities are chiefly imported from India. Prime markets are Hong Kong, China, other Asian countries, etc. Business is still under development.

It is likely that the subject has got an affiliated company in New Delhi, India which is also trading in fabrics. This firm may be also operated by Chopra. However, details are unknown.

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 subject’s business in Hong Kong is not active.

Besides operating the subject, Chopra is also operating another firm known as Search Lights in Hong Kong. Established on 8th August, 2008, Search Lights is located at Suite 6601, 66/F., The Center, 99 Queen’s Road Central, Hong Kong where is the operating address of another commercial service provider Regus Centre (HK) Ltd.

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

COURT CASES: None per our.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.47.10
UK Pound	1	Rs.74.64
Euro	1	Rs.64.42

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.