MIRA INFORM REPORT

Report Date :

01.06.2012

IDENTIFICATION DETAILS

Name :	RICH AMS GLOBAL SOURCING LTD.
Registered Office :	c/o Akin Professionals Ltd., 20/F., Champion Building, 287-291 Des Voeux Road Central, Sheung Wan
Country :	Hong Kong
Date of Incorporation :	23.03.2011
Com. Reg. No.:	58125331
Legal Form :	Private Limited Company.
Line of Business :	Buying Office of Electric Appliances, Textile Products, Garments, Household Accessories, Toys, Electronic Products, Furniture, etc.
No. of Employees :	Not Available

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

RICH AMS GLOBAL SOURCING LTD.

Company ADDRESS

c/o Akin Professionals Ltd.

20/F.,Champion Building, 287-291 Des Voeux Road Central, Sheung Wan, Hong Kong.

PHONE: 2541 4224

FAX: 2541 4225

MANAGEMENT

Managing Director: Mr. Saurin Jitendrakumar Shah

SUMMARY

Incorporated on: 23rd March, 2011.

Organization: Private Limited Company.

Capital: Nominal: HK$10,000.00

Issued: HK$10,000.00

Business Category: Buying Office.

Employees: Nil.

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

Banking Relation: Satisfactory.

Company ADDRESS

Registered Head Office:-

c/o Akin Professionals Ltd.

20/F., Champion Building, 287-291 Des Voeux Road Central, Sheung Wan, Hong Kong.

BUSINESS REGISTRATION NUMBER

58125331

COMPANY FILE NUMBER

1577782

MANAGEMENT

Managing Director: Mr. Saurin Jitendrakumar Shah

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

SHAREHOLDERS

(As per registry dated 23-03-2012)

Name	No. of shares
Saurin Jitendrakumar SHAH	10,000 =====

DIRECTOR

(As per registry dated 23-03-2012)

Name (Nationality)	Address
Saurin Jitendrakumar SHAH	Unit 6F, Boardwalk BayTower Bay Garden, Edsa Ext Opp Blue Wave, Pasay City, Metro Manila, Philippines.

SECRETARY

(As per registry dated 23-03-2012)

Name	Address	Co. No.
Akin Professionals Ltd.	20/F., Champion Building, 287-291 Des Voeux Road Central, Sheung Wan, Hong Kong.	1273165

HISTORY

The subject was incorporated on 23rd March, 2011 as a private limited liability company under the Hong Kong Companies Ordinance.

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

OPERATIONS

Activities: Buying Office.

Lines: Electric Appliances, Textile Products, Garments, Household Accessories, Toys,

Electronic Products, Furniture, etc.

Employees: Nil.

Commodities Imported: China, other Asian countries, etc.

Markets: Philippines, other Asian countries, etc.

Terms/Sales: As per contracted.

Terms/Buying: Various terms.

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: Too early to offer an opinion.

Condition: Business is under development.

Facilities: Making fairly 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: Small.

GENERAL

Having issued 10,000 ordinary shares of HK$1.00 each, Rich Ams Global Sourcing Ltd. is wholly owned by Mr. Saurin Jitendrakumar Shah who is an Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently. He is also the only director of the subject. Currently, he is residing in Manila, the Philippines.

The subject does not have its own operating office. Its registered office is in a commercial service firm located at “20/F., Champion Building,

287‑291 Des Voeux Road Central, Sheung Wan, Hong Kong” known as “Akin Professionals Ltd.” which is handling its correspondences and documents. This firm is also the corporate secretary of the subject.

The subject has no employees in Hong Kong. It is trading in the following commodities:-

Electric Appliances, Textile Products, Garments, Household Accessories, Toys, Electronic Products, Furniture, Giftware, other Light Industrial Products, etc.

The subject nominally is a Buying Office in Hong Kong. Most of the commodities are chiefly sourced from China, India, other Asian countries. Its Prime markets are the Philippines, the other Asian countries, etc.

It is likely that the subject has had an associated company in the Philippines which is also operated by Shah.

It is also likely that the Philippines firm deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. The Philippines firm also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.

The subject’s business in Hong Kong is not active. The history of the subject in Hong Kong is just over a year and two months.

Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on secured basis.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.56.42
UK Pound	1	Rs.87.37
Euro	1	Rs.69.95

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.