MIRA INFORM REPORT

Report Date :

13.03.2012

IDENTIFICATION DETAILS

Name :	VUI CHOI INVESTMENT CO LTD

Registered Office :	27 Andar K Edificio Chun Hung Garden Fuk Yuen Court Avenida Dr Sun Yat Sen, Ilha Da Taipa

Country :	Macau

Date of Incorporation :	03.06.1993

Com. Reg. No.:	SO7857

Legal Form :	Private Company With Limited Liability

Line of Business :	Subject is specialized professional services, including:- · Investment · Property Management · Real Estate

No. of Employees :	10

RATING & COMMENTS

MIRA’s Rating :

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 – September 30^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Macau

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

Company name & address

VUI CHOI INVESTMENT CO LTD

27 ANDAR K EDIFICIO CHUN HUNG GARDEN FUK YUEN COURT AVENIDA DR SUN YAT SEN, ILHA DA TAIPA, MACAU

TEL: +853-66689015/ 28523399 FAX: +853-28400935

EXECUTIVE SUMMARY

INCORPORATION DATE : JUN. 3, 1993

REGISTRATION NO. : SO7857

LEGAL FORM : PRIVATE COMPANY WITH LIMITED LIABILITY

CHIEF EXECUTIVE : MS. JOANA SUT-MAN CHONG (DIRECTOR)

STAFF STRENGTH : 10

AUTHORIZED CAPITAL : MOP 900,000

BUSINESS LINE : PROFESSIONAL SERVICE

TURNOVER : N/A

EQUITIES : N/A

PAYMENT : AVERAGE

RECOMM. CREDIT RANGE : SMALL AMOUNT

MARKET CONDITION : AVERAGE

FINANCIAL CONDITION : N/A

OPERATIONAL TREND : STEADY

GENERAL REPUTATION : AVERAGE

EXCHANGE RATE : MOP 7.9904 = USD 1

Adopted abbreviations

ANS - amount not stated

NS - not stated

SC - subject company (the company inquired by you)

NA - not available

M - million MOP- Macau Patacas

Company Details

Country: Macao

Business Entity Name: VUI CHOI INVESTMENT CO LTD

Name in Local Language: n/a

Operating Address: 27 Andar K Edificio Chun Hung Garden Fuk Yuen Court Avenida Dr Sun Yat Sen, Ilha da Taipa

Tel: [+853]-66689015

: [+853]-28523399

Fax: [+853]-28400935

Primary Business Activity: Service

Primary Industry: Professional Services

Key Facts

Registered Legal Address: 27 Andar K Edificio Chun Hung Garden Fuk Yuen Court Avenida Dr Sun Yat Sen, Ilha da Taipa

Trading Name / DBA: COMPANHIA DE INVESTIMENTO PREDIAL VUI CHOI LTDA

License Number: SO7857

Date of Registration: 3 Jun, 1993

Issuing Authority: Conservatoria dos Registos Comercial e de Bens Moveis (Commercial Registry Office) - National

Legal Form - Category: Private Company with Limited Liability

Legal Form: Company Limited

Legal Form - Abbreviation: CO LTD

License Status: License exists - Normal.

Operational Status of Business: Normal

Employees: 10

OFFICE & FACILITIES

Name: VUI CHOI INVESTMENT CO LTD - ILHA DA TAIPA

Address: 27 Andar K Edificio Chun Hung Garden Fuk Yuen Court Avenida Dr Sun Yat Sen, Ilha da Taipa

Country: Macao

Status: Operational

CAPITAL (Currency: MOP - Macau Patacas)

Authorized Capital: 900,000

Paid-up Capital: 900,000

SC is not known to host website of its own at present.

ADVERSE DATA MONITORING

DISHONORED CHECKS No Record Found

DEBT No Record Found

LITIGATION No Record Found

PERFORMANCE DEFAULTS No Record Found

ADVERSE LOCAL MEDIA COVERAGE /

ADVERSE FILING HISTORY No Record Found

Adverse Data Results: Total of 0 record found.

REPUTATION

Reference checking for the purpose of establishing the VUI CHOI INVESTMENT CO LTD's reputation within the respective industry failed to reveal any adverse information.

SHAREHOLDERS

Total number of shareholders : 2

Total number of shares : n/a

Shares

No. Shareholders Country Number Amount (MOP) %

1 Ms. Joana Sut-man Chong Macao n/a 810,000 90.00

2 Mr. Chi-keung Ho Macao n/a 90,000 10.00

Total n/a 900,000 100.00

COMPANY DIRECTORS

Name: Ms. Joana Sut-man Chong

Nationality: Macanese

Primary Products

Products / Materials / Services Description Activity

Investment Service

Property management Service

Real estate Service

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description Code Activity

Holding & Investment Offices 6700 Service

Real Estate 6500 Service

Real Estate Agents & Managers 6531 Service

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description Code Activity

Business services, health, financial/insurance 9900 Service

legal/real estate, hotels, and misc repairs

Real estate/agents and managers 9940 Service

Core Business

The primary business focus of VUI CHOI INVESTMENT CO LTD is specialized professional services, including:

· Investment

· Property management

· Real estate

SC is not known to have any subsidiary at present.

Based on the corporate laws of Macao, legal entities which are Private Company with Limited Liability are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity.

The bank information of SC is not available.

SC is considered small-sized in its line with a development history of 19 years. Credit dealings with SC in small amount appear acceptable.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.94
UK Pound	1	Rs.78.25
Euro	1	Rs.65.39

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.

Company name & address

EXECUTIVE SUMMARY

Adopted abbreviations

Unit