MIRA INFORM REPORT

Report Date :

07.02.2012

IDENTIFICATION DETAILS

Name :	SUZHOU NUOBIDA IMPORT & EXPORT CO., LTD.

Registered Office :	Room 1001, Building B, No. 468, Jiayuan Road, Xiangcheng District Suzhou City, Jiangsu Province 215131 Pr

Country :	China

Financials (as on) :	31.12.2011

Date of Incorporation :	12.07.2010

Com. Reg. No.:	320594000167864

Legal Form :	Limited Liabilities Company

Line of Business :	Operating and acting as an agent of importing and exporting various kinds of commodities and technology, excluding the goods forbidden by the government.

No. of Employees :	10

RATING & COMMENTS

MIRA’s Rating :

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 :	Small Company
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, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

China

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

Company name and address

SUZHOU NUOBIDA IMPORT & EXPORT CO., LTD.

ROOM 1001, BUILDING B, NO. 468, JIAYUAN ROAD, XIANGCHENG DISTRICT

SUZHOU CITY, JIANGSU PROVINCE 215131 PR CHINA

TEL: 86 (0) 512-67591052

FAX: 86 (0) 512-67585736

EXECUTIVE SUMMARY

Date of Registration : july 12, 2010

REGISTRATION NO. : 320594000167864

LEGAL FORM : Limited liabilities company

CHIEF EXECUTIVE : cheng hengcan (LEGAL REPRESENTATIVE)

REGISTERED CAPITAL : CNY 600,000

staff : 10

BUSINESS CATEGORY : TRADING

Revenue : CNY 0 (AS OF DEC. 31, 2011)

EQUITIES : CNY 543,000 (AS OF DEC. 31, 2011)

WEBSITE : www.supplyglassbottle.com

E-MAIL : sales01@supplyglassbottle.com

PAYMENT : unknown

Recommended Credit Limit: C.O.D.

MARKET CONDITION : fair

FINANCIAL CONDITION : FAIR

OPERATIONAL TREND : ORDINARY

GENERAL REPUTATION : AVERAGE

EXCHANGE RATE : CNY 6.31 = USD 1

Adopted abbreviations (as follows)

SC - Subject Company (the company inquired by you)

N/A – Not available

CNY – China Yuan Ren Min Bi

OPERATIONAL TREND & GENERAL REPUTATION

This section aims at indicating the relative positions of SC in respect of its operational trend & general reputation

Operational Trend:- General Reputation:-

Upward Excellent

Steady Good

Fairly Steady Fairly Good

Ordinary Average

Fair Fair

Stagnant Detrimental

Downward Not known

Not known Not yet be determined

Not yet be determined

LEGAL STATUS & HISTORY

SC was established as a limited liabilities company of PRC with State Administration of Industry & Commerce (SAIC) under registration No.: 320594000167864 on July 12, 2010.

SC’s Organization Code Certificate No.: 55809419-X

SC’s registered capital: CNY 600,000

SC’s paid-in capital: CNY 600,000

Registration Change Record:

Date	Change of Contents	Before the change	After the change
2011	Registered Capital	CNY 100,000	CNY 600,000

Current Co search indicates SC’s shareholders & chief executives are as follows:-

Name of Shareholder (s)	% of Shareholding
Cheng Hengcan	80
Wang Xiuying	20

SC’s Chief Executives:-

Position	Name
Legal Representative, chairman and General Manager	Cheng Hengcan
Supervisor	Wang Xiuying

RECENT DEVELOPMENT

No recent development was found during our checks at present.

SHAREHOLDER CHART & BACKGROUND

Name % of Shareholding

Cheng Hengcan 80

Wang Xiuying 20

MANAGEMENT

Cheng Hengcan , Legal Representative, Chairman and General Manager

----------------------------------------------------------------------------------------------------------

Ø Gender: M

Ø Age: 29

Ø ID# 320321198303024632

Ø Qualification: University

Ø Working experience (s):

From 2010 to present, working in SC as legal representative, chairman and general manager

Wang Xiuying , Supervisor

----------------------------------------------

Ø Gender: F

Ø Age: 57

Ø ID# 32032119550506468X

BUSINESS OPERATION

SC’s registered business scope includes operating and acting as an agent of importing and exporting various kinds of commodities and technology, excluding the goods forbidden by the government.

SC started its normal operation recently in 2012.

SC is mainly engaged in international trade.

SC’s products mainly include:

Glass Wine Bottle

Glass Food Bottle

Glass Beverage Bottle

Glass Oil Bottle

Glass Perfume Bottle

Glass Candel Holder

Glass Cup

Pharmaceutical Bottle

Etc.

SC sources its materials 100% from domestic market. SC sells 100% of its products to overseas market.

The buying terms of SC include Check, T/T and Credit of 30-60 days. The payment terms of SC include L/C and Credit of 30-60 days.

Staff & Office:

--------------------------

SC is known to have approx. 10 staff at present.

SC rents an area as its operating office of approx. 100 sq. meters at the heading address.

RELATED COMPANY

SC is not known to have any subsidiary at present.

PAYMENT

Overall payment appraisal:

( ) Excellent ( ) Good (X) Average ( ) Fair ( ) Poor ( ) Not yet be determined

The appraisal serves as a reference to reveal SC's payments habits and ability to pay. It is based on the 3 weighed factors: Trade payment experience (through current enquiry with SC's suppliers), our delinquent payment and our debt collection record concerning SC.

Trade payment experience: SC did not provide any name of trade/service suppliers and we have no other sources to conduct the enquiry at present.

Delinquent payment record: None in our database.

Debt collection record: No overdue amount owed by SC was placed to us for collection within the last 6 years.

BANKING

The bank information of SC is not filed in SAIC.

FINANCIALS

Balance Sheet

Unit: CNY’000	As of Dec. 31, 2010	As of Dec. 31, 2011
Cash	90	3
Accounts receivable	9	9
Advances to suppliers	0	0
Other receivable	0	480
Subsidies receivable	0	0
Inventory	0	0
Deferred expenses	0	0
Other current assets	0	1
	------------------	------------------
Current assets	99	493
Fixed assets	0	50
Construction in progress	0	0
Intangible assets	0	0
Long-term prepaid expenses	0	0
Deferred income tax assets	0	0
Other non-current assets	0	0
	------------------	------------------
Total assets	99	543
	=============	=============
Short-term loans	0	0
Notes payable	0	0
Accounts payable	0	0
Wages payable	0	0
Taxes payable	0	0
Advances from clients	0	0
Other payable	0	0
Other current liabilities	0	0
	------------------	------------------
Current liabilities	0	0
Non-current liabilities	0	0
	------------------	------------------
Total liabilities	0	0
Equities	99	543
	------------------	------------------
Total liabilities & equities	99	543
	=============	=============

Income Statement

Unit: CNY’000	As of Dec. 31, 2010	As of Dec. 31, 2011
Revenue	0	0
Cost of sales	0	0
Sales expense	0	0
Management expense	1	56
Finance expense	0	0
Profit before tax	-1	-56
Less: profit tax	0	0
Profits	-1	-56

Important Ratios

=============

	As of Dec. 31, 2010	As of Dec. 31, 2011
*Current ratio	--	--
*Quick ratio	--	--
*Liabilities to assets	0	0
*Net profit margin (%)	--	--
*Return on total assets (%)	-1.01	-10.31
*Inventory / Revenue ×365	--	--
*Accounts receivable/ Revenue ×365	--	--
* Revenue/Total assets	0	0
* Cost of sales / Revenue	--	--

Overall financial condition of the SC: Fair.

CONCLUSIONS

SC is considered small-sized in its line with a short business history. Credit should be extended under guarantee, and C.O.D. is recommended.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.48.68
UK Pound	1	Rs.76.75
Euro	1	Rs.63.57

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.