MIRA INFORM REPORT

Report Date :

18.08.2012

IDENTIFICATION DETAILS

Correct Name :	GLINTS GLOBAL LTD.
Formerly Known As :	Ford Asia International Ltd.
Registered Office :	Room 802, 8/F., Star House, 3 Salisbury Road, Tsimshatsui, Kowloon
Country :	Hong Kong
Date of Incorporation :	23.12.2009
Com. Reg. No.:	51674163
Legal Form :	Private Limited Company
Line of Business :	Importer, Exporter and Wholesaler of Metals, minerals, iron & steel, etc.
No. of Employees :	06 (Including associates)

RATING & COMMENTS

MIRA’s Rating :

B

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, 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

GLINTS GLOBAL LTD.

company ADDRESS

Room 802, 8/F., Star House, 3 Salisbury Road, Tsimshatsui, Kowloon, Hong Kong.

PHONE: 2369 9954

FAX: 2369 9964

E-MAIL: rahuljain0090@gmail.com

MANAGEMENT

Managing Director: Mr. Manoj Kumar Garg

SUMMARY

Incorporated on: 23rd December, 2009.

Organization: Private Limited Company.

Capital: Nominal: HK$70,000,000.00

Issued: HK$40,865,751.00

Business Category: Importer, Exporter and Wholesaler.

Employees: 6. (Including associates)

Main Dealing Banker: Union Bank of India, Hong Kong Branch.

Banking Relation: Satisfactory.

Company ADDRESS

Registered Office:-

Room 802, 8/F., Star House, 3 Salisbury Road, Tsimshatsui, Kowloon, Hong Kong.

Associated Companies:-

Glints Global General Trading LLC, UAE.

Glints Global Ventures Ltd., Congo.

Glints Global Pte. Ltd., Singapore.

MG Overseas Ltd., Hong Kong. [Deregistration] (Same address)

BUSINESS REGISTRATION NUMBER

51674163

COMPANY FILE NUMBER

1404537

MANAGEMENT

Managing Director: Mr. Manoj Kumar Garg

CAPITAL

Nominal Share Capital: HK$70,000,000.00 (Divided into 70,000,000 shares of HK$1.00 each)

Issued Share Capital: HK$40,865,751.00

SHAREHOLDERS

(As per registry dated 23-12-2011)

Name	Occupation	No. of shares
Manoj Kumar GARG		35,177,250
Rahul JAIN		5,688,501
		–––––––––
	Total:	40,865,751 ========

DIRECTOR

(As per registry dated 27-02-2012)

Name (Nationality)	Address
Manoj Kumar GARG	F41 Milap Nagar, Uttam Nagar New Delhi - 110059, India.

SECRETARY

(As per registry dated 23-12-2011)

Name	Address	Co. No.
Yesing Nominees Ltd.	Unit A, 5/F., Wing Cheong Commercial Building, 19-25 Jervois Street, Hong Kong.	0606203

HISTORY

The subject was incorporated on 23rd December, 2009 as a private limited liability company under the Hong Kong Companies Ordinance.

Originally the subject was registered under the name of Ford Asia International Ltd., name changed to the present style on 28th March, 2012.

Apart from these, neither material change nor amendment has been ever traced and noted.

OPERATIONS

Activities: Importer, Exporter and Wholesaler.

Lines: Metals, minerals, iron & steel, etc.

Employees: 6. (Including associates)

Commodities Imported: China, Asian countries, etc.

Markets: The Middle East, Africa, Southeast Asia,

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

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

FINANCIAL INFORMATION

Nominal Share Capital: HK$70,000,000.00 (Divided into 70,000,000 shares of HK$1.00 each)

Issued Share Capital: HK$40,865,751.00

Mortgage or Charge

(since 2012): (See attachment)

Profit & Loss: Keeping a balance account.

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.

Bankers:-

· Union Bank of India, Hong Kong Branch.

Bank of India, Hong Kong Branch.

Standing: Small.

GENERAL

Having issued 40,865,751 ordinary shares of HK$1.00 each, Glints Global Ltd. is jointly owned by Mr. Manoj Kumar Garg, holding 86.1% interests; Mr. Rahul Jain, holding 13.9%. Manoj Kumar Garg is the only Director of the subject. He is an India passport holder and does not have the right to reside in Hong Kong permanently.

The subject belongs to Glints Global Group. It is trading in the Group’s commodities.

Glints Global Group, headquartered in Dubai, the United Arab Emirates, is one of the world’s leading integrated trader and marketers of commodities.

The Group’s customers around the world are active in a wide range of industries, such as manufacturing, power generation, steel production and food processing. They rely upon the Group’s established global network for the supply of metals and minerals, energy and agricultural products.

The Group trades in ferrous as well as non-ferrous metals worldwide. It supplies raw materials used in the production process to steel producers in India and Southeast Asia.

The Group is trading in the following commodities:-

· Bauxite/Alumina:
Description:-Bauxite, alumina, aluminum fluoride;

· Coal/Petcoke:
Description:-Steam coal, metallurgical coal, petcoke, calcinated petcoke, coke, anthracite, charcoal;

· Cement/Aggregates:
Description:-Cement, cement clinker, cement in bags, aggregates, gravel, limestone, dolomite, gypsum, clay, cobbles, cobble stones, quicklime, sand, garnet sand, granite, grit;

· Coal/Petcoke:
Description:-Steam coal, metallurgical coal, petcoke, calcinated petcoke, coke, anthracite, charcoal;

· Concentrates/Minerals:
Description:-Copper concentrate, lead concentrate, zinc concentrate, bentonite, borates, talc, sodium in bags, ilmenite, magnetite, charge chrome, deadburn manganese, ferro chrome, ferro manganese, ferro silicon, manganese ore, silicon manganese, rutile, silicon carbide, silica sand, slag, copper slag, spodumine, ferro alloys, kaolin, mill scale, perlyte, uloxite, vermiculite, zircon, barytes, lead dross;

· Fertilizers:
Description:-Fertilizers, DAP, MAP, TSP, potash, sulphur, ammonium nitrate, phosrock, phosphate, sulphate, soda ash, urea;

· Grain/Agriprods:
Description: Soyabeans, Soyabean meal, soyabean pellets, heavy grains soja & sorghum (HSS), wheat, rye, barley, malt barley, corn, bulk sugar, sugar in bags, canola, maize, oats, peas, rice in bulk, rice in bags, sunflower seeds, tapioca, fishmeal, cotton in bales, cottonseed, lupins, oil cakes, rapeseed, sorghum, other grains and agricultural products;

· Ore:
Description:-Iron ore, iron ore pellets, iron ore fines, chrome ore, pig iron, chromium, chrome fines, manganese ore;

· Pipes/Windmills:
Description:-Windmill towers, windmill blades, pipes, construction material, tanks, project cargo. etc.

· Steel/Aluminum:
Description:-Hot rolled coils / plates / sheets, wire rods in coils, billets, slabs, rebars, beams, plates, profiles, rails, blooms, cold rolled coils, debars, round bars, gratings, hollow sections, galvanised steel, stainless steel, tin plates, aluminium ingots / bars / wire, zinc ingots, lead ingots, copper wire / anodes / cathodes / blister. etc.

· Scrap:
Description:-Scrap, shredded scrap.

Glints Global Group also provides financing, logistics and other value-added services to producers and consumers of commodities worldwide.

Glints Global Group is a leading trader and exporter of ferrous as well as non‑ferrous materials worldwide. Over the years Glints Global Group has evolved from an organization solely trading commodities to build a diversified portfolio of businesses spanning the entire value chain of logistical efficiencies, upstream as well as downstream, i.e. from sourcing to distribution.

The Group’s customer base is very broad and diverse in terms of geography ranging from Latin America to Asia Pacific region.

The subject’s business is still under development. History in Hong Kong is just over two years.

On the whole, since the history of the subject is short, consider it good for normal business engagements on secured basis.

MORTGAGE OR CHARGE

(Since 2012)

Date	Particulars	Amount
17-01-2012	Instrument: Charge on Deposit Property: A sum of US$900,000.00 currently represented or evidenced by a certificate of deposit dated 13-01-2012 bearing number 000013010000768 Mortgagee: Union Bank of India, Hong Kong Branch.	All moneys
09-02-2012	Instrument: Charge on Deposit Property: A sum of US$900,000.00 currently represented or evidenced by a certificate of deposit dated 01-02-2012 and 08-02-2012 bearing number 000013010000778 and 0000130100781 Mortgagee: Union Bank of India, Hong Kong Branch.	All moneys
19-07-2012	Instrument: Floating Charge Property: (A) By way of first floating charge, all of its (B) Security Assets (C) Financed Goods stocks in trade owned by the chargor, and (D) Financed receivable all present and future book debts and monetary claims due or owing to, the chargor Mortgagee: Union Bank of India, Hong Kong Branch.	All monies in respect of banking facilities

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.70
UK Pound	1	Rs.87.55
Euro	1	Rs.68.85

INFORMATION DETAILS

Report Prepared by :

MNL

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