MIRA INFORM REPORT

Report Date :

29.03.2012

IDENTIFICATION DETAILS

Name :	EAST WEST TRADERS

Registered Office :	Flat C, 20/F., Ngar Lan Mansion, Westlands Court, 9 Westlands Road, Quarry Bay

Country :	Hong Kong

Date of Incorporation :	18.02.2011

Com. Reg. No.:	53755866-000-02

Legal Form :	Sole Proprietorship

Line of Business :	Not Available

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New Concern

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 – September 30^th, 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

coimpany name

EAST WEST TRADERS

Company ADDRESS

Registered Office:-

Flat C, 20/F., Ngar Lan Mansion, Westlands Court, 9 Westlands Road, Quarry Bay, Hong Kong.

Associated Company:-

Shanghai Summit Ltd., Hong Kong.

BUSINESS REGISTRATION NUMBER

53755866-000-02

ESTABLISHMENT

18th February, 2011.

SOLE PROPRIETOR

Name: Mr. Rajesh Mahendrakumar DOSHI

Residential Address: 58/110 Bharja Bhuvan, Kika Street, Gulalwadi, Mumbai 400004, India.

GENERAL

East West Traders was established on 18th February, 2011 as a sole proprietorship under the Hong Kong Companies Ordinance. The sole proprietor Mr. Rajesh Mahendrakumar Doshi is an Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently. Doshi is the manager of the subject.

The subject does not have its own operating office. Initially its registered office was in a commercial service firm located at 9/F., Bel Trade Commercial Building, 3 Burrows Street, Wanchai, Hong Kong known as Crisp Business Services (HK) Ltd. which had handled its correspondences and documents. In April 2011, the subject moved to Flat C, 20/F., Ngar Lan Mansion, Westlands Court, 9 Westlands Road, Quarry Bay, Hong Kong where is a residential flat. It is likely that this address is the residence of Doshi. The residential building is not trespassed by outsiders. The subject has no employees in Hong Kong.

The subject’s telephone number and fax number have not registered with local telephone company nor listed on telephone directories.

The subject’s lines of business are unknown since the manager of the subject cannot be reached.

Besides operating the subject, Doshi is also operating another firm known as Shanghai Summit Ltd. [SSL]. SSL was incorporated on 7th April, 2010 as a private limited liability company under the Hong Kong Companies Ordinance. According to the Companies Registry of Hong Kong, SSL has issued 10,000 ordinary shares of HK$1.00 each which are wholly-owned by Doshi.

The subject is just a one-man company. Business is chiefly handled by Doshi himself. History in Hong Kong is just over a year and a month.

Since the registered office of the subject is in a residential building, on the whole, consider it good for normal business engagements on secured basis.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.92
UK Pound	1	Rs.81.21
Euro	1	Rs.67.85

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