MIRA INFORM REPORT

Report Date :

17.08.2012

IDENTIFICATION DETAILS

Name :	SHUFFLE MASTER ASIA LTD

Registered Office :	19 Andar M L K Edificio Tong Nam Ah Alameda Dr Carlos D Assumpcao 180

Country :	Macau

Date of Incorporation :	15.11.2004

Com. Reg. No.:	SO19870

Legal Form :	Private Company With Limited Liability

line of business :	Trader of Toys, Sporting & Leisure Equipment

No. of Employees :	6

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 :	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)

Macau

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

Company Name and Address

SHUFFLE MASTER ASIA LTD

SHUFFLE MASTER ASIA

19 ANDAR M L K EDIFICIO TONG NAM AH ALAMEDA DR CARLOS D ASSUMPCAO 180, MACAU

TEL: +853-28722539 FAX: +853-28722568

EXECUTIVE SUMMARY

INCORPORATION DATE : NOVEMBER 15, 2004

REGISTRATION NO. : SO19870

LEGAL FORM : PRIVATE COMPANY WITH LIMITED LIABILITY

CHIEF EXECUTIVE : MR. ADRIAN PATRICK HALPENNY (DIRECTOR)

STAFF STRENGTH : 6

AUTHORIZED CAPITAL : MOP 25,000

BUSINESS LINE : TRADER

TURNOVER : N/A

EQUITIES : N/A

PAYMENT : AVERAGE

MARKET CONDITION : AVERAGE

FINANCIAL CONDITION : N/A

OPERATIONAL TREND : STEADY

GENERAL REPUTATION : AVERAGE

EXCHANGE RATE : MOP 7.9894 = USD 1

Adopted abbreviations:

ANS - amount not stated NS - not stated SC - subject company (the company inquired by you)

NA - not available M - million MOP- Macau Patacas

COMPANY DETAILS

Country : Macao

Business Entity Name : SHUFFLE MASTER ASIA LTD

Name in Local Language : SHUFFLE MASTER ASIA

Operating Address : 19 Andar M L K Edificio Tong Nam Ah Alameda Dr Carlos D Assumpcao 180, Macau

Tel : [+853]-28722539

Fax : [+853]-28722568

Primary Business Activity : Trader

Primary Industry : Toys, Sporting & Leisure Equipment

KEY FACTS

Registered Legal Address : 19 Andar M L K Edificio Tong Nam Ah Alameda Dr Carlos D Assumpcao 180, Macau

Trading Name / DBA : SHUFFLE MASTER ASIA LTDA

License Number : SO19870

Date of Registration : 15 Nov, 2004

Issuing Authority : Conservatoria dos Registos Comercial e de Bens Moveis (Commercial Registry Office) - National

Legal Form - Category : Private Company with Limited Liability

Legal Form : Limited

Legal Form – Abbreviation : LTD

License Status : License exists - Normal.

Operational Status of Business : Normal

Employees : 6

OFFICE & FACILITIES

Building Size : 2,500 Square feet

Status : Operational

CAPITAL (Currency: MOP - Macau Patacas)

Authorized Capital: 25,000

Paid-up Capital: 25,000

http://www.shufflemaster.com The design is professional and the content is well organized. At present it is in English version.

Status : Normal - operational

Country of Registration : USA

Ownership Type : Registered ownership by a related third party

Owner Country : USA

Owner Name : SHUFFLE MASTER INC

ADVERSE DATA MONITORING

DISHONORED CHECKS No Record Found

DEBT No Record Found

LITIGATION No Record Found

PERFORMANCE DEFAULTS No Record Found

ADVERSE LOCAL MEDIA COVERAGE / No Record Found

ADVERSE FILING HISTORY

REPUTATION

Reference checking for the purpose of establishing the SHUFFLE MASTER ASIA LTD's reputation within the respective industry failed to reveal any adverse information.

Total number of shareholders : 2

SHAREHOLDERS

Currency: MOP - Macau Patacas

No. Shareholders Country Number Amount (MOP) %

1 SHUFFLE MASTER INC USA n/a 22,500 90.00

2 SHUFFLE MASTER INT'L INC USA n/a 2,500 10.00

Total n/a 25,000 100.00

COMPANY DIRECTORS

Personal Unique Identifier : MI03178606

Name : Mr. Adrian Patrick Halpenny

Nationality : Macanese

PRIMARY PRODUCTS

Products / Materials / Services Description Activity

Gaming equipment Trading

Gaming products Trading

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of SHUFFLE MASTER ASIA LTD is Trading - Finished products.

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description Code Activity

Games, toys, and children's vehicles, except dolls and bicycles 3944 Trading

Hobby, Toy & Game Shops 5945 Trading

Toys & Hobby Goods & Supplies 5092 Trading

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description Code Activity

Articles for arcade, table or parlor games, parts 9504 Trading

Toys, games & sports equip; parts & accessories 9500 Trading

DOMESTIC SALES & PURCHASES

Annual Sales Analysis Percentage

Domestic Sales 100%

International Sales (Export) 0%

Annual Purchases Analysis Percentage

Local Purchases 100%

Imports 0%

PAYMENT TERMS

Selling

Type Terms

Local Cash on delivery (COD)

Credit - Unsecured 30~60 days

Purchasing

Type Terms

Local Cash on delivery (COD)

Credit - Unsecured 30~60 days

DIRECT / INDIRECT CORPORATE PARENT DETAILS

Direct Parent : SHUFFLE MASTER INC

Global Identifier : P0743615

Country : USA

Based on the corporate laws of Macao, legal entities which are Private Company with Limited Liability are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity.

The bank information of SC is not available.

SC is considered small-sized in its line with a development history of 8 years.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.99
UK Pound	1	Rs.87.55
Euro	1	Rs.68.69

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.

MIRA INFORM REPORT

Company Name and Address

EXECUTIVE SUMMARY

Unit