MIRA INFORM REPORT

Report Date :

20.01.2012

IDENTIFICATION DETAILS

Name :	PEISHIN INTERNATIONAL CO., LTD.

Registered Office :	No.346, Cingnian 1st Rd., Sinsing District, Kaohsiung City

Country :	Taiwan

Date of Incorporation :	19.05.2006

Com. Reg. No.:	28282249

Legal Form :	Private Limited Company

Line of Business :	Not Available

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Presently Business Ceased

Payment Behaviour :	---

Litigation :	---

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)

Taiwan

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

Contact Points

Company Name:	PEISHIN INTERNATIONAL CO., LTD.
Supplied Name:	Peishin International Limited
Supplied Address:	9F-6, No. 46, Sec. 2, Chung-Shan North Road Taipei Taiwan 104

Notes: Subject’s registered name is as above and supplied address belongs to another company.

Company Identification Details

Registered Name:	PEISHIN INTERNATIONAL CO., LTD.
Registered Address:	No.346, Cingnian 1st Rd., Sinsing District, Kaohsiung City, Taiwan, R.O.C.
Date of Foundation:	2006-5-19
Start of Business Cessation	2011-4-20
End of Business Cessation	2012-4-19
Registration Number:	28282249
Registry:	Economic Development Bureau,Kaohsiung City
Registered Capital:	NTD 3,000,000 (USD 100,200) (As of 2012.01, 1 NTD = 0.0334 USD)
Legal Representatives:	Guanhua Huang
Legal Form:	Private Limited Company
Principal Activities:	N/A
Staff:	N/A
Listed at Stock Exchange:	No
Date of Last Annual Return:	--

Notes: the information on Principal Activities and staff is not available from subject or other sources.

History

Subject was incorporated on 2006-5-19 with registered number 28282249 as Private Limited Company in Taiwan.

Subject’s business is ceased from 2011-4-20 to 2012-4-19

Shareholders

(Unit: NTD)

Name	Subscription Amount
Guanhua Huang	120,000

The information above is that of subject’s major shareholders.

Subsidiaries & Branches

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

Personnel Information

Core Management

Directors

Name	Guanhua Huang
Position	Director

Operation Information

We can not confirm subject’s operation details, thus we supplied subject’s principal activities as follows for reference.

l The registered activities of subject:

Business Code	Details
ZZ99999	Besides licensed business, all other business items those are not banned or restricted.

Financial Information

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Taiwan and the only source from which we can obtain the information is the subject itself.

The financial information is not available from subject or other sources.

Public Record

Mortgage

No chattel mortgage record of subject has been found within the recent 3 months.

Lawsuit

Up to date of reporting, no existing or latent litigation of the subject has been found.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.29
UK Pound	1	Rs.77.60
Euro	1	Rs.64.67

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.