MIRA INFORM REPORT

Report Date :

27.09.2011

IDENTIFICATION DETAILS

Name :	WORLD VOICE LTD.

Registered Office :	c/o Buttar.HK Ltd., Unit W, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon

Country :	Hong Kong

Date of Incorporation :	28.12.2010

Com. Reg. No.:	53527051

Legal Form :	Private Limited Company

Line of Business :	Importer, Exporter and Wholesaler of all kinds of mobile phones and accessories, 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

WORLD VOICE LTD.

Company ADDRESS

c/o Buttar.HK Ltd.

Unit W, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.

PHONE: 2312 0148

FAX: 2375 6513

MANAGEMENT

Managing Director: Mr. Mohammed Elliyas Hyder

SUMMARY

Incorporated on: 28th December, 2010.

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: Hang Seng Bank Ltd., Hong Kong.

Banking Relation: Satisfactory.

Company ADDRESS

Registered Head Office:-

c/o Buttar.HK Ltd.

Unit W, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.

BUSINESS REGISTRATION NUMBER

53527051

COMPANY FILE NUMBER

1545075

MANAGEMENT

Managing Director: Mr. Mohammed Elliyas Hyder

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

SHAREHOLDER

(As per registry dated 28-12-2010)

Name		No. of shares
Mohammed Elliyas HYDER		10,000 =====

Name

No. of shares

Mohammed Elliyas HYDER

10,000

=====

DIRECTOR

(As per registry dated 28-12-2010)

Name (Nationality)	Address
Mohammed Elliyas HYDER	No. 25/24 Parthasarathy Reddy Street, Kodungaiyur, Chennai 600118, Tamilnadu, India.

Name

(Nationality)

Address

Mohammed Elliyas HYDER

No. 25/24 Parthasarathy Reddy Street, Kodungaiyur, Chennai 600118, Tamilnadu, India.

SECRETARY

(As per registry dated 28-12-2010)

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 28th December, 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, Exporter and Wholesaler.

Lines: All kinds of mobile phones and accessories, etc.

Employees: Nil.

Commodities Imported: China, Europe, India, etc.

Markets: Asian countries, Middle East, etc.

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

Terms/Buying: L/C, pre-payment, 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: Hang Seng Bank Ltd., Hong Kong.

Standing: Small.

GENERAL

Having issued 10,000 ordinary shares of HK$1.00 each, World Voice Ltd. is wholly owned by Mr. Mohammed Elliyas Hyder 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 W, 1/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 has no employees in Hong Kong.

The subject is trading in all kinds of mobile phones, iPhones and accessories. It is carrying GSM/PCS mobile phones and accessories such as batteries, chargers and mobile phone cases. The subject carries the following brand names: “Apple”, “Motorola”, “Nokia”, “Sony Ericsson”, “Samsung”, etc.

The subject has registered with the Office of the Telecommunications Authority [OFTA], The Government of Hong Kong SAR, the People’s Republic of China as a Radio Dealer (Unrestricted) Licensee. The subject bears the licence No. of RU00145309-RU.

It is likely that the subject has got an associated company in India which is also operated by Hyder. The India firm is also a mobile phone trader.

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 commodities to 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 about nine 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 secured basis.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.62
UK Pound	1	Rs.76.68
Euro	1	Rs.66.47

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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