MIRA INFORM REPORT

Report Date :

19.04.2012

IDENTIFICATION DETAILS

Name :	CAMELOT GROUP LTD.
Registered Office :	C/o LFDI Secretaries Ltd. Suite 2006, 20/F., 340 Queen’s Road Central
Country :	Hong Kon
Date of Incorporation :	06.06.1997
Com. Reg. No.:	31423308
Legal Form :	Private Limited Company
Line of Business :	Importer, Exporter and Wholesaler of Leather products, metal logos, etc.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca

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 :	No Operating Office in Hong Kong
Payment Behaviour :	Unknown
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	A2	A2

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

Company name and address

CAMELOT GROUP LTD.

ADDRESS: c/o LFDI Secretaries Ltd.

Suite 2006, 20/F., 340 Queen’s Road Central, Hong Kong.

PHONE: 2519 4341

FAX: 2511 6711

MANAGEMENT

Managing Director: Mr. Maxim Moskalev

SUMMARY

Incorporated on: 6th June, 1997.

Organization: Private Limited Company.

Capital: Nominal: HK$80,000,000.00

Issued: HK$78,000,100.00

Business Category: Importer, Exporter and Wholesaler.

Employees: Nil..

Main Dealing Banker: Bank of China (Hong Kong) Ltd., Hong Kong.

Banking Relation: Satisfactory.

ADDRESS

Registered Head Office:-

c/o LFDI Secretaries Ltd.

Suite 2006, 20/F., 340 Queen’s Road Central, Hong Kong.

BUSINESS REGISTRATION NUMBER

31423308

COMPANY FILE NUMBER

0611882

MANAGEMENT

Managing Director: Mr. Maxim Moskalev

CAPITAL

Nominal Share Capital: HK$80,000,000.00 (Divided into 80,000,000 shares of HK$1.00 each)

Issued Share Capital: HK$78,000,100.00

SHAREHOLDERS

(As per registry dated 06-06-2011)

Name		No. of shares
Maxim MOSKALEV		39,000,050
Dmitry AGRAMAKOV		39,000,050
		–––––––––
	Total:	78,000,100 ========

DIRECTORS

(As per registry dated 06-06-2011)

Name (Nationality)	Address
Dmitry AGRAMAKOV	51-4-29 Krasnodarskaya Street, Moscow, Russia 109559, Russia.
Alexey LIPKIN	Room 2301, 23/F., Tower 1, China World Trade Center, 1 Jianguomenwai Avenue, 100004 Beijing, China.
Maxim MOSKALEV	Room 2301, 23/F., Tower 1, China World Trade Center, 1 Jianguomenwai Avenue, 100004 Beijing, China.

SECRETARY

(As per registry dated 06-06-2011)

Name	Address	Co. No.
LFDI Secretaries Ltd.	Suite 2006, 20/F., 340 Queen’s Road Central, Hong Kong.	0461529

HISTORY

The subject was incorporated on 6th June, 1997 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: Leather products, metal logos, etc.

Employees: Nil..

Commodities Imported: China, other Asian countries, etc.

Markets: Russia and other Asian countries.

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

Terms/Buying: L/C, D/P, O/A, etc.

FINANCIAL INFORMATION

Nominal Share Capital: HK$80,000,000.00 (Divided into 80,000,000 shares of HK$1.00 each)

Issued Share Capital: HK$78,000,100.00

Profit or Loss: Keeping a balance account.

Condition: Business is not very active.

Facilities: Making fairly active use of general banking facilities.

Payment: Delay payment experienced.

Commercial Morality: Satisfactory.

Banker: Bank of China (Hong Kong) Ltd., Hong Kong.

Standing: Small.

GENERAL

Having issued 78,000,100 ordinary shares of HK$1.00 each, Camelot Group Ltd. is equally owned by Mr. Maxim Moskalev and Mr. Dmitry Agramakov, both of whom are Russia.

The directors of the subject are Dmitry Agramakov, Alexey Lipkin and Maxim Moskalev. The second and third are currently residing in Beijing, China.

The subject does not have its own operating office. Its registered office is in a commercial service firm located at Suite 2006, 20/F., 340 Queen’s Road Central, Hong Kong known as LFDI Secretaries Ltd. which is handling its correspondences and documents. This firm is also the corporate secretary of the subject. It has no employees in Hong Kong.

The subject is a leather product and metal logo trader. It trades in leather handbags, luggage, etc. Its main office is in Beijing, China. Most of its products are sourced from the suppliers of China. Prime markets are Russia and other Asian countries. Business is fairly active.

In 2005, the subject was sued by a China firm known as Guangzhou Dichen Trading Co. Ltd. [Dichen] for breaching contract. The subject refused to make its payment although Dichen had claimed for several times. The subject was absent in the trial and finally lost in the lawsuit. The verdict was brought by Guangzhou Middle-Level Court of China.

The subject’s business in Hong Kong is not active. History in Hong Kong is over fourteen years.

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.89
UK Pound	1	Rs.83.18
Euro	1	Rs.68.06

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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