MIRA INFORM REPORT

Report Date :

28.05.2012

IDENTIFICATION DETAILS

Name :	MHMC CO. LTD

Registered Office :	Room 1908, 19/F., West Tower, Shun Tak Centre, 200 Connaught Road Central, Sheung Wan

Country :	Hong Kong

Date of Incorporation :	08.06.2007

Com. Reg. No.:	38056728

Legal Form :	Private Limited Company.

Line of Business :	Importer, Exporter and Wholesaler of all kinds of bathroom fittings, sanitary ware, hardware and accessories, etc.

No. of Employees :	02

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 :	Usually Correct

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

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

Company name

MHMC CO. LTD.

Company ADDRESS

Room 1908, 19/F., West Tower, Shun Tak Centre, 200 Connaught Road Central, Sheung Wan, Hong Kong.

PHONE: 2115 9959

FAX: 2111 9557

E-MAIL: kit2009@mhmc.cc

MANAGEMENT

Managing Director: Mr. Fawziah M A S Alhasawi

SUMMARY

Incorporated on: 8th June, 2007.

Organization: Private Limited Company.

Capital: Nominal: HK$10,000.00

Issued: HK$1.00

Business Category: Importer, Exporter and Wholesaler.

Employees: 2.

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

Banking Relation: Satisfactory.

Company ADDRESS

Registered Head Office:-

Room 1908, 19/F., West Tower, Shun Tak Centre, 200 Connaught Road Central, Sheung Wan, Hong Kong.

BUSINESS REGISTRATION NUMBER

38056728

COMPANY FILE NUMBER

1139621

MANAGEMENT

Managing Director: Mr. Fawziah M A S Alhasawi

Procurement Supervisor: Mr. Andree Lee

CAPITAL

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

Issued Share Capital: HK$1.00

SHAREHOLDER

(As per registry dated 08-06-2011)

Name		No. of share
Fawziah M A S ALHASAWI		1 =

Name

No. of share

Fawziah M A S ALHASAWI

DIRECTOR

(As per registry dated 08-06-2011)

Name (Nationality)	Address
Fawziah M A S ALHASAWI	House 10, Street 41, Block 4, Shwee, Kuwait.

Name

(Nationality)

Address

Fawziah M A S ALHASAWI

House 10, Street 41, Block 4, Shwee, Kuwait.

SECRETARY

(As per registry dated 08-06-2011)

Name	Address	Co. No.
R K Secretaries Ltd.	21/F., Chinachem Tower, 34-37 Connaught Road Central, Hong Kong.	0542934

HISTORY

The subject was incorporated on 8th June, 2007 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: Importer, Exporter and Wholesaler.

Lines: All kinds of bathroom fittings, sanitary ware, hardware and accessories, etc.

Employees: 2.

Commodities Imported: China, other Asian countries, Europe, etc.

Markets: Middle East, Europe, Asian countries, North America, etc.

Terms/Sales: As per contracted.

Terms/Buying: As per contracted.

FINANCIAL INFORMATION

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

Issued Share Capital: HK$1.00

Indebtedness: HK$11,387,891.91

(Total amount outstanding on all mortgages and charges as per last Annual Return dated 08-06-2011)

Mortgage or Charge:-

Date of Mortgage: 20-02-2008

Amount: To secure general banking facilities

Property: 24/33,888th parts or shares of and in Inland Lot No. 8517 (Room 1908 on 19/F. of West

Tower of Shun Tak Centre, 168‑200 Connaught Road Central, Hong Kong.)

Mortgagee: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

Profit or Loss: Making a small profit in 2011.

Condition: Keeping in a normal manner.

Facilities: Making rather 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: Normal.

GENERAL

Having issued just 1 ordinary share of HK$1.00, MHMC Co. Ltd. is wholly owned by Mr. Fawziah M A S Alhasawi who is a Kuwait merchant. He is a Kuwait passport holder and does not have the right to reside in Hong Kong permanently. He is also the only director of the subject.

Incorporated in June 2007, the subject is trading in the following commodities: all kinds of bathroom fittings, sanitary ware, hardware and accessories, etc. Most of the commodities are sourced from China and other Asian countries. The subject re-exports the commodities to other Asian countries, Kuwait, the Middle East, the United States, etc. It made a small profit in 2011.

In order to acquire commodities from China suppliers, the subject has been taking part in Canton Fairs which are held in Guangzhou City, Guangdong Province, China bi-annually.

To our knowledge, the subject has had a number of customers in the United States while its products are shipped from Yantian Harbour, Shenzhen Special Economic Zone, China.

The subject’s business is chiefly handled by Mr. Andree Lee who is the Procurement Supervisor of the subject. He is a Hongkongnese.

As the history of the subject is just over four years and eleven months in Hong Kong, on the whole, consider it good for normal business engagements in small credit amounts.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.73
UK Pound	1	Rs.87.26
Euro	1	Rs.69.89

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.