MIRA INFORM REPORT

Report Date :

04.08.2012

IDENTIFICATION DETAILS

Name :	TISUMEC BIOCHEMIC CO. LTD.
Registered Office :	Room 1401, 14/F., World Commerce Centre, Harbour City, 7‑11 Canton Road, Tsimshatsui, Kowloon
Country :	Hong Kong.
Date of Incorporation :	10.11.2010
Com. Reg. No.:	53272953
Legal Form :	Private Limited Company.
Line of Business :	Importer, Exporter and Wholesaler of All kinds of pharmaceuticals, 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 Fine 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 – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
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

TISUMEC BIOCHEMIC CO. LTD.

ADDRESS

c/o Orion House Secretarial Ltd.

Room 1401, 14/F., World Commerce Centre, Harbour City, 7-11 Canton Road, Tsimshatsui, Kowloon, Hong Kong.

PHONE: 2736 7372

FAX: 2736 8895

MANAGEMENT

Managing Director: Mr. Ren Xianzhong

SUMMARY

Incorporated on: 10th November, 2010.

Organization: Private Limited Company.

Capital: Nominal: HK$10,000.00

Issued: HK$100.00

Business Category: Importer, Exporter and Wholesaler.

Employees: Nil.

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

Banking Relation: Satisfactory.

COMPANY NAME

TISUMEC BIOCHEMIC CO. LTD.

ADDRESS

Registered Office:-

c/o Orion House Secretarial Ltd.

Room 1401, 14/F., World Commerce Centre, Harbour City, 7‑11 Canton Road, Tsimshatsui, Kowloon, Hong Kong.

Associated Company:-

Ningbo Tisun Medic Biochemic Co. Ltd., China.

BUSINESS REGISTRATION NUMBER

53272953

COMPANY FILE NUMBER

1526321

MANAGEMENT

Managing Director: Mr. Ren Xianzhong

CAPITAL

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

Issued Share Capital: HK$100.00

SHAREHOLDERS

(As per registry dated 10-11-2011)

Name		No. of shares
REN Xianzhong		50
PENG Ting Chun		50
		–––
	Total:	100 ===

DIRECTOR

(As per registry dated 10-11-2011)

Name (Nationality)	Address
REN Xianzhong	Room 305, No. 10, Wukuai Lane, Haishu District, Ningbo City, Zhejiang Province, China.

SECRETARY

(As per registry dated 10-11-2011)

Name	Address	Co. No.
Orion House Secretarial Ltd.	Room 1401, 14/F., World Commerce Centre, Harbour City, 7-11 Canton Road, Tsimshatsui, Hong Kong.	1296458

HISTORY

The subject was incorporated on 10th November, 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 pharmaceuticals, etc.

Employees: Nil.

Commodities Imported: Imports raw materials from European countries, some of the Asian countries and finished products from China.

Markets: China, other Asian countries, etc.

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

Terms/Buying: L/C, T/T, D/P, etc.

FINANCIAL INFORMATION

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

Issued Share Capital: HK$100.00

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 100 ordinary shares of HK$1.00 each, Tisumec Biochemic Co., Ltd. is equally owned by Mr. Ren Xianzhong and Mr. Peng Tingchun. Both are China ID holders and do not have the right to reside in Hong Kong permanently. The former 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 1401, 14/F., World Commerce Centre, Harbour City, 7-11 Canton Road, Tsimshatsui, Hong Kong.” known as “Orion House Secretarial 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 in China known as Ningbo Tisun Medic Biochemic Co. Ltd. [TMB]

Established in 2005 with former name as Zhejiang Tisun Medicine Co. Ltd.; TMB is engaged in marketing APIs, Pharmaceutical Formulations and Intermediates for human and veterinary using. It is exporting, importing and marketing all kinds of pharmaceuticals.

The principal products carried include: Pharmaceutical finish products and Vaccines, Veterinary medicines, Fine chemicals and APIs. The medicines are marketed in foreign countries in Asia, Africa and South America.

The subject’s business in Hong Kong is not active. History in Hong Kong is just a year and eight months.

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.56.08
UK Pound	1	Rs.87.03
Euro	1	Rs.68.36

INFORMATION DETAILS

Report Prepared by :

SDA

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.