MIRA INFORM REPORT

Report Date :

07.07.2012

IDENTIFICATION DETAILS

Name :	MEGA LINK ENTERPRISES CO., LTD.

Registered Office :	No.43, Pao Syue 1st Street, Pao An Li, Jen Te Dist., Tainan City 717

Country :	Taiwan

Date of Incorporation :	01.11.2002

Com. Reg. No.:	80071982

Legal Form :	Joint Stock Company

Line of Business :	Trader of new and used industrial machineries and automobile parts

No. of Employees :	About 10 Employees

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 – March 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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:	Mega Link Enterprises Co., Ltd.
Supplied Name:	Mega Link Enterprises Co Ltd.
Trading Address:	No.43, Pao Syue 1st Street, Pao An Li, Jen Te Dist., Tainan City 717, Taiwan (R.O.C.)
Supplied Address:	No. 43, Pao Syue 1st Street Pao An Li Jen Te Dist. Tainan City taiwan 717
Telephone Number:	+886- 6-366-3789
Fax Number:	+886- 6-366-3799
E-mail:	william.ttsai@msa.hinet.net

Credit Summary

Credit Opinion:

Business connections are permissible.

Company Identification Details

Registered Name:	Mega Link Enterprises Co., Ltd.
Registered Address:	No.43, Pao Syue 1st Street, Pao An Li, Jen Te Dist., Tainan City 717, Taiwan (R.O.C.)
Date of Foundation:	2002-11-1
Registration Number:	80071982
Registry:	Tainan City Government
Registered Capital:	NTD 1,500,000 (USD 50,250) (As of 2012.07, 1 NTD = 0.0335 USD)
Paid-up Capital:	NTD 1,500,000 (USD 50,250)
Legal Representatives:	Shunxia Huang
Legal Form:	Joint Stock Company
Principal Activities:	Trader of new and used industrial machineries and automobile parts
Staff:	About 10 Employees
Listed at Stock Exchange:	No
Date of Last Annual Return:	2010-3-25

History

Subject was incorporated on 2002-11-1 with registered number 80071982 as Joint Stock Company in Taiwan.

Shareholders

Name	Subscription Shares
Shunxia Huang	1,425
Liqi Huang
75

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

Subsidiaries & Branches

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

Personnel Information

Core Management

Directors

1
Name	Shunxia Huang
Position	Chairman
2
Name	Liqi Huang
Position	Director
3
Name	Shuisheng Huang
Position	Director
4
Name	Xiutao Yanghuang
Position	Supervisor

Personnel Structure

Total Employees

About 10 Employees

Operation Information

Offices & Factories

	Headquarters
Add	No.43, Pao Syue 1st Street, Pao An Li, Jen Te Dist., Tainan City 717, Taiwan (R.O.C.)

Production Information

l Subject is a trader of new and used industrial machineries and automobile parts without any production activities.

Purchase Information

l The registered activities of subject:

Business Code	Details
F401010	International trade business
ZZ99999	Besides licensed business, all other business items those are not banned or restricted.

l The products are mostly purchased from domestic market.

Sales Information

l Subject is engaged in sales of new and used industrial machineries and automobile components, etc.

l Subject’s main customer include fasteners manufacturer, aluminium casting manufacturer, bicycle, motorcycle, automobile manufacturer, steel pipe and sheet forming manufacturer, metal surface finishing manufacturer, etc.

l Subject’s sales regions include Mainland China, Southeast Asia, America, Europe, etc.

l It is introduced that subject’s revenue in 2010 is about USD 3,000,000.

Major products sold

	Product
1	Sintering Parts
2	Open die products
3	Castle Nuts
4	Special welding nuts
5	Nuts
6	Bolts
7	Chucks & Fingers
8	Punches
9	Dies & Tap
10	Continuous Furnace
11	Circular Saw
12	Brick Making Machine
13	Wire Drawing Machine
14	Heading Machine
15	Thread Rolling Machine
16	Threading Machine
17	Nylon Nut Assembly Machine
18	Nut Former
19	Tapping Machine
20	Hot/Cold Forging Press
21	Tube/Wire Bending Machine
22	Concentricity Gauge
23	Used machines

Import and export right:

Import right	Yes
Export right	Yes

Settlements

Purchase

Domestic Purchase (Taiwan)

Product	Payment Terms	Proportion
Machineries and automobile components	COD, CBD, etc	100%

Foreign Purchase

Subject has little import

Sales

Domestic Markets (Taiwan)

Subject seldom sells in domestic markets.

Export

Product	Sales Terms	Proportion
Machineries and automobile components	CBD, etc	100%

Notes: Subject’s settlement for export is generally in USD

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.

Subject’s relevant staff Mr. Lin declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.

Bankers

Name	Taiwan Bank

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.

Interview Details

Name	Mr. Lin
Department	Sales Department

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.42
UK Pound	1	Rs.86.04
Euro	1	Rs.68.61

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%)

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.