MIRA INFORM REPORT

Report Date :

06.03.2012

IDENTIFICATION DETAILS

Name :	AGH TRIMSOURCE INC.

Registered Office :	C, 9/F., Fully Industrial Building, 6 Tsun Yip Lane, Kwun Tong, Kowloon

Country :	Hong Kong

Date of Incorporation :	19.03.2005

Com. Reg. No.:	36045523

Legal Form :	Limited Company

Line of Business :	Importer and Exporter of all kinds of zippers, garment accessories, etc.

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

AGH TRIMSOURCE INC.

(Incorporated in the United States of America)

Address:

C, 9/F., Fully Industrial Building,

6 Tsun Yip Lane, Kwun Tong,

Kowloon, Hong Kong.

(Formerly located at:

Unit B, 13/F., Wing Tai Centre,

12 Hing Yip Street, Kwun Tong,

Kowloon, Hong Kong. )

PHONE: Not available

FAX: Not available

MANAGEMENT

Authorized Representative in Hong Kong: Mr. Au Wai Kin

SUMMARY

Registered in Hong Kong on: 19th March, 2005.

(Non-Hong Kong Company)

Organization: Limited Company.

Capital: Not disclosed.

Business Category: Importer and Exporter.

Employees: 4.

Main Dealing Banker: The Bank of New York, Hong Kong Branch.

Banking Relation: Satisfactory.

ADDRESS

Registered Head Office:-

229 West 36th Street, New York, NY 10018, USA.

[ Tel: 1-212-643-7300

Fax: 1-212-268-3488

E-mail: request@aghtrim.com]

Hong Kong Principal Place of Business:-

Unit C, 9/F., Fully Industrial Building, 6 Tsun Yip Lane, Kwun Tong, Kowloon, Hong Kong.

BUSINESS REGISTRATION NUMBER

36045523

COMPANY FILE NUMBER

F0013927

MANAGEMENT

President & Chief Executive Officer: Mr. Roy Johnthan Katz

Vice President: Mr. David Charles German

Authorized Representative in Hong Kong: Mr. Au Wai Kin

[Address: Unit C, 9/F., Fully Industrial Building, 6 Tsun Yip Lane, Kwun Tong, Kowloon, Hong Kong.]

DIRECTORS

(As per registry dated 19-03-2011)

Name (Nationality)	Address
David Charles GERMAN	1150 Park Avenue, New York, NY 10128, USA.
Roy Johnthan KATZ	2 Summit Drive, Hastings, NY 10706, USA.

Name

(Nationality)

Address

David Charles GERMAN

1150 Park Avenue, New York, NY 10128, USA.

Roy Johnthan KATZ

2 Summit Drive, Hastings, NY 10706, USA.

SECRETARY

(As per registry dated 19-03-2011)

Name	Address	Co. No.
RYA Management Ltd.	Room 1318-1320, 13/F., Hollywood Plaza, 610 Nathan Road, Mongkok, Kowloon, Hong Kong.	0627200

HISTORY

The subject was incorporated in the United States of America as a limited company. It has established a principal place of business in Hong Kong and was registered on 19th March, 2005 as an overseas company under Part XI of the Hong Kong Companies Ordinance. The subject has become a non-Hong Kong company since 14th December, 2007.

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

OPERATIONS

Activities: Importer and Exporter.

Lines: All kinds of zippers, garment accessories, etc.

Employees: 4.

Commodities Imported: USA, Europe, etc.

Markets: Hong Kong, China, Taiwan, South Korea, other Asian countries, Europe, etc.

Terms/Sales: As per contracted.

Terms/Buying: Various terms.

FINANCIAL INFORMATION

Capital: Not disclosed.

Profit or Loss: Making a small profit every year.

Condition: Keeping in a satisfactory manner.

Facilities: Making rather active use of general banking facilities.

Payment: Met trade commitments as required.

Commercial Morality: Satisfactory.

Banker: The Bank of New York, Hong Kong Branch.

Standing: Small.

GENERAL

AGH Trimsource Inc. [AGH] is a USA company registered in Hong Kong as a non-Hong Kong company. The directors of AGH are Mr. David Charles German and Mr. Roy Jonathan Katz. Both are American.

AGH’s headquarters are in the USA. It is trading in zippers and garment accessories. AGH has been manufacturing fashion zippers for some of the significant apparel brands and retailers worldwide since 1897. Its factories offer the most up to date technology allowing for quick reaction to market and fashion trends. It maintains a full sample zipper inventory providing swift availability of design and production samples.

AGH is strategically positioned so that it is able to provide assistance in most all manufacturing locations. Besides Hong Kong office, AGH has offices in New York, Shanghai, Taiwan, and Seoul. AGH markets the following products: metal zippers, plastic zippers, custom pulls, custom tapes, related products, etc. AGH also provides customers with the following trimming products: seam binding, boning, thread, lingerie and swimwear accessories. AGH’s products are marketed in Hong Kong, China and exported to Taiwan, South Korea, other Asian countries, Europe, etc. Business is rather active.

AGH’s Hong Kong authorized representative is Mr. Au Wai Kin who is a Hongkongnese. The history of the Hong Kong office is about seven years.

On the whole, consider AGH good for normal business engagements.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.79
UK Pound	1	Rs.78.79
Euro	1	Rs.65.74

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.