MIRA INFORM REPORT

Report Date :

27.01.2012

IDENTIFICATION DETAILS

Name :	GOLDEN HORN INTERNATIONAL HOLDINGS LTD.

Registered Office :	Unit A, 9/F., Pylon Tower, 12-16 Fui Yiu Kok Street, Tsuen Wan, New Territories

Country :	Hong Kong

Date of Incorporation :	11.01.2007

Com. Reg. No.:	37887207

Legal Form :	Private Limited Company.

Line of Business :	Importer and Exporter of all kinds of frozen meat

No. of Employees :	4

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Hong Kong

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

Company name and address

GOLDEN HORN INTERNATIONAL HOLDINGS LTD.

ADDRESS: Unit A, 9/F., Pylon Tower, 12-16 Fui Yiu Kok Street, Tsuen Wan, New Territories, Hong Kong.

PHONE: 2408 9101, 2408 9102

FAX: 2408 9103

E-MAIL: happygrace_yuan@hotmail.com

MANAGEMENT

Managing Director: Ms. Yuan Rong Jie

SUMMARY

Incorporated on: 11th January, 2007.

Organization: Private Limited Company.

Capital: Nominal: HK$10,000.00

Issued: HK$10,000.00

Business Category: Importer and Exporter.

Employees: 4.

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

Banking Relation: Satisfactory.

ADDRESS

Registered Head Office:-

Unit A, 9/F., Pylon Tower, 12-16 Fui Yiu Kok Street, Tsuen Wan, New Territories, Hong Kong.

BUSINESS REGISTRATION NUMBER

37887207

COMPANY FILE NUMBER

1101451

MANAGEMENT

Managing Director: Ms. Yuan Rong Jie

CAPITAL

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

Issued Share Capital: HK$10,000.00

SHAREHOLDER

(As per registry dated 11-01-2012)

Name		No. of shares
YUAN Rong Jie		10,000 =====

Name

No. of shares

YUAN Rong Jie

10,000

=====

DIRECTOR

(As per registry dated 11-01-2012)

Name (Nationality)	Address
YUAN Rong Jie	Room 3101, Indi Home, 138 Yeung Uk Road, Tsuen Wan, New Territories, Hong Kong.

Name

(Nationality)

Address

YUAN Rong Jie

Room 3101, Indi Home, 138 Yeung Uk Road, Tsuen Wan, New Territories, Hong Kong.

SECRETARY

(As per registry dated 11-01-2012)

Name	Address
TSUI Chuen	Unit A, 9/F., Pylon Tower, 12-16 Fui Yiu Kok Street, Tsuen Wan, New Territories, Hong Kong.

HISTORY

The subject was incorporated on 11th January, 2007 as a private limited liability company under the Hong Kong Companies Ordinance.

Formerly the subject was located at Unit 13, 16/F., Block 1, Tak Fung Industrial Centre, 168 Texaco Road, Tsuen Wan, New Territories, Hong Kong, moved to the present address in 2011.

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

OPERATIONS

Activities: Importer and Exporter.

Lines: All kinds of frozen meat.

Employees: 4.

Commodities Imported: Europe, Australia, US, China, etc.

Markets: Hong Kong, China, other Asian countries, etc.

Terms/Sales: L/C or as per contracted.

Terms/Buying: As per contracted.

FINANCIAL INFORMATION

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

Issued Share Capital: HK$10,000.00

Profit or Loss: Making a small profit in the past years.

Condition: Keeping in a normal manner.

Facilities: Making rather 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: Normal.

GENERAL

Having issued 10,000 ordinary shares of HK$1.00 each, Golden Horn International Holdings Ltd. is wholly owned by Ms. Yuan Rong Jie who is a China ID Card holder. Formerly the shares held by Yuan was held by Zhu Chen De. Zhu transferred all his shares to Yuan on 5th October, 2009. Yuan is also the only director of the subject.

The subject is trading in frozen meat (main) and also engaged in gold mine, copper mine exploitation. The subject has registered with the Hong Kong SAR Government as a game, meat and poultry importer. Commodities are imported from Europe, Australia, the United States, China, etc. Prime markets are Hong Kong, China, other Asian countries, etc. Business is improving.

Besides, the subject has been cooperating with Maosen Properties Co. Ltd., a Pakistan-based company, in gold and copper mining and exploitation. According to the subject, its partner Maosen has got three open mines covering a total area of 6,915 sq.km. in Pakistan. The subject now is inviting interested parties to join in the mining and exploitation.

According to the subject, it has got a number of affiliated mines both in China and overseas countries. One of the mines in China is gold which is in a river bed.

The subject’s mining business was chiefly handled by the subject’s old director Mr. Zhu Chen De. As Zhu has retired, the subject’s mining business has become insignificant.

On the whole, since the history of the subject is just over five years in Hong Kong, consider it good for normal business engagements.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.02
UK Pound	1	Rs.78.05
Euro	1	Rs.65.13

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.