MIRA INFORM REPORT

Report Date :

18.06.2012

IDENTIFICATION DETAILS

Name :	SINOASIAN TRADING INTERNATIONAL LTD

Registered Office :	P.o. Box 1377, Victoria, Mahé

Country :	Seychelles

Date of Incorporation :	Not Available

Legal Form :	International Business Company (IBC)

Line of Business :	Not Available

No. of Employees :	3

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	International Business 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 – March 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Seychelles

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

REGISTERED NAME & COMPANY SUMMARY

COMPANY REPORTED:	SINOASIAN TRADING INTERNATIONAL LTD
Principal Address:	P.o. Box 1377, Victoria, Mahé, Seychelles
Telephone:	+248-4321377
Fax:	+248-4324777
Email:	email@actseychelles.com
Internet:	www.offshorecompanies.net
Legal Form:	International Business Company (IBC)
Stock Listing:	Not Listed
Workforce:	2011
	3
Office & Factories
Head offices	Oliaji Trade Centre 1st Floor Victoria Mahe, Seychelles
Branches	None

DIRECTORS/MANAGEMENT

Management/ Directors		Not Indicated
Credit Check of Subject, President & CEO (as of report date)
Payment Morale:	In the documents at our disposal nothing adverse has been shown so far.
CREDIT RATING:	Financial situation could not be ascertained

NEGATIVE INFORMATION

No negative information found.

SHARE & SHARE CAPITAL INFORMATION

Company Profile:
Nominal Capital	SCR. 30,000
Paid in Capital	SCR. 30,000
Subscribed Capital	SCR. 30,000
Shareholders
Name	Position	Amount	Ratio
Information not Availed	Directors

Total			100.00%

PAYMENT INFORMATION

GROUP STRUCTURE & AFFILIATED COMPANIES

Affiliated Companies

None in Seychelles

FINANCIAL INFORMATION

FOREIGN EXCHANGE RATES

Exchange Rate

US$ 1 = SCR. 14.41

ADDITIONAL INFORMATION

NOTES & COMMENTS

COMMENTS

This Company is an International Business Company (IBC), which is registered in Seychelles; It is difficult to investigate such a Company due to the Seychelles regulations protecting the non disclosure of the name of the shareholders.

According to Seychelles business regulation, an International Business Company, is under no obligation to state its directors, officers and shareholders, also it’s under no obligation to file annual returns, prepare or submit company accounts to any authority.

We are reporting an offshore company which belongs to foreign shareholders. Although it is registered in the Seychelles Islands, it uses such territory only as its legal and administrative address, but all its operations are carried out abroad. It is managed by a resident registration agent and it is unknown in the marketplace, so its commercial morality and general reputation cannot be assessed, although nothing detrimental is noted upon subject. However our banking sources confirm that the company has good financial standing and payments are regular.

We suggest controlling that business for each large transaction.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.76
UK Pound	1	Rs.86.69
Euro	1	Rs.70.44

INFORMATION DETAILS

Report Prepared by :

PRL

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.