MIRA INFORM REPORT

Report Date :

17.04.2012

IDENTIFICATION DETAILS

Name :	LINO IMP&EXP (HK) CO. LTD.

Registered Office :	c/o Sino-Sunne International (HK) Ltd., Room C, 25/F., Cheuk Nang Plaza, 250 Hennessy Road, Wanchai

Country :	Hong Kong

Date of Incorporation :	17.04.2009

Com. Reg. No.:	50616310

Legal Form :	Private Limited Company

Line of Business :	Importer and Exporter of all kinds of frozen meat, foodstuffs, etc.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Small Company

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, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Hong Kong

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

Company name

LINO IMP&EXP (HK) CO. LTD.

Company ADDRESS

c/o Sino-Sunne International (HK) Ltd.

Room C, 25/F., Cheuk Nang Plaza, 250 Hennessy Road, Wanchai, Hong Kong.

PHONE: 2575 7788

FAX: 2575 7890

MANAGEMENT

Managing Director: Mr. Tan Sha Sha

SUMMARY

Incorporated on: 17th April, 2009.

Organization: Private Limited Company.

Capital: Nominal: HK$10,000.00

Issued: HK$10,000.00

Business Category: Frozen Meat Trader.

Employees: Nil.

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

Banking Relation: Satisfactory.

Company ADDRESS

Registered Office:-

c/o Sino-Sunne International (HK) Ltd.

Room C, 25/F., Cheuk Nang Plaza, 250 Hennessy Road, Wanchai, Hong Kong.

China Head Office:

Lino Imp&Exp Co. Ltd.

Room 913, Zone B, Yuyuan Building, 75 Hong Kong West Road, Qingdao City, Shandong Province, China.

[Tel: 86-532-8612 1036; Fax: 86-532-8612 1035]

BUSINESS REGISTRATION NUMBER

50616310

COMPANY FILE NUMBER

1334652

MANAGEMENT

Managing Director: Mr. Tan Sha Sha

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 27-04-2011)

Name		No. of shares
TAN Sha Sha		10,000 =====

Name

No. of shares

TAN Sha Sha

10,000

=====

DIRECTOR

(As per registry dated 27-04-2011)

Name (Nationality)	Address
TAN Sha Sha	183 Renmin Road, Anqiu City, Shandong, China

Name

(Nationality)

Address

TAN Sha Sha

183 Renmin Road, Anqiu City, Shandong, China

SECRETARY

(As per registry dated 27-04-2011)

Name	Address	Co. No.
Sino-Sunne International (HK) Ltd.	Room C, 25/F., Cheuk Nang Plaza, 250 Hennessy Road, Wanchai, Hong Kong.	0835061

HISTORY

The subject was incorporated on 17th April, 2009 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 frozen meat, foodstuffs, etc.

Employees: Nil.

Commodities Imported: India, Asian countries, Europe, South America, etc.

Markets: Japan, other Asian countries, the United States, etc.

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

Terms/Buying: L/C, T/T, 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: 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 10,000 ordinary shares of HK$1.00 each, Lino Imp&Exp (HK) Co. Ltd. is wholly owned by Tan Sha Sha who is a China merchant. He is a China passport holder and does not have the right to reside in Hong Kong permanently. He is also 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 Room C, 25/F., Cheuk Nang Plaza, 250 Hennessy Road, Wanchai, Hong Kong known as Sino-Sunne International (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 has had an associated company Lino Imp&Exp Co. Ltd. [Lino] which is also operated by Tan Sha Sha. With a registered capital of RMB500,000 Yuan, Lino is a Qingdao-based company.

Your given phone number 86-532-8612 1036 and fax mumber 86-532-8612 1035 belongs to Lino.

Lino is a foodstuff importer, exporter and processor. It is also the agent of a number of suppliers in Europe and Asia. Founded in 2008, Lino is trading in all kinds of frozen meat. The trade mark of its products is “Lino”.

According to Lino, it has set up offices in Beijing and Qingdao. Lino’s products are marketed in China, exported to Japan, other Asian countries, the United States, etc. It is likely that Lino deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. Lino 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 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.51.66
UK Pound	1	Rs.81.80
Euro	1	Rs.67.18

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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