MIRA INFORM REPORT

Report Date :

22.11.2012

IDENTIFICATION DETAILS

Name :	HEALTH CREATION INDUSTRIAL LTD.
Registered Office :	c/o Richful Deyong Corporate Management Ltd., Room 1105, 11/F., Lippo Centre Tower 1, 89 Queensway, Admiralty
Country :	Hong Kong
Date of Incorporation :	16.03.2009
Com. Reg. No.:	50727206
Legal Form :	Private Limited Liability Company
Line of Business :	subject is trading in health products, chemical raw materials, etc
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	No operating office in Hong Kong
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 – June 30^th, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
Hong Kong	A2	A2

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

HONG KONG - ECONOMIC OVERVIEW

Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of re-exports, is about four times GDP. Hong Kong's open economy left it exposed to the global economic slowdown that began in 2008. Although increasing integration with China, through trade, tourism, and financial links, helped it to make an initial recovery more quickly than many observers anticipated, it again faces a possible slowdown as exports to the Euro zone and US slump. The Hong Kong government is promoting the Special Administrative Region (SAR) as the site for Chinese renminbi (RMB) internationalization. Hong Kong residents are allowed to establish RMB-denominated savings accounts; RMB-denominated corporate and Chinese government bonds have been issued in Hong Kong; and RMB trade settlement is allowed. The territory far exceeded the RMB conversion quota set by Beijing for trade settlements in 2010 due to the growth of earnings from exports to the mainland. RMB deposits grew to roughly 7.8% of total system deposits in Hong Kong by the end of 2011, an increase of over 59% since the beginning of the year. The government is pursuing efforts to introduce additional use of RMB in Hong Kong financial markets and is seeking to expand the RMB quota. The mainland has long been Hong Kong's largest trading partner, accounting for about half of Hong Kong's exports by value. Hong Kong's natural resources are limited, and food and raw materials must be imported. As a result of China's easing of travel restrictions, the number of mainland tourists to the territory has surged from 4.5 million in 2001 to 28 million in 2011, outnumbering visitors from all other countries combined. Hong Kong has also established itself as the premier stock market for Chinese firms seeking to list abroad. In 2011 mainland Chinese companies constituted about 43% of the firms listed on the Hong Kong Stock Exchange and accounted for about 56% of the Exchange's market capitalization. During the past decade, as Hong Kong's manufacturing industry moved to the mainland, its service industry has grown rapidly. Growth slowed to 5% in 2011. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly in 2010 and inflation to rise 5.3% in 2011. Lower and middle income segments of the population are increasingly unable to afford adequate housing. Hong Kong continues to link its currency closely to the US dollar, maintaining an arrangement established in 1983.

Source : CIA

Company name

HEALTH CREATION INDUSTRIAL LTD.

company ADDRESS

Registered Office:-

c/o Richful Deyong Corporate Management Ltd.

Room 1105, 11/F., Lippo Centre Tower 1, 89 Queensway, Admiralty, Hong Kong.

[Tel: 2537 7886; Fax: 2537 7780]

BUSINESS REGISTRATION NUMBER

50727206

COMPANY FILE NUMBER

1317401

DATE OF INCORPORATION

16th March, 2009.

CAPITAL

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

Issued Share Capital: HK$10,000.00

Alternation of Capital:-

16-03-2009	paid up	HK$ 1.00
01-06-2009	paid up	HK$ 9,999.00
		–––––––––––––
Total:	paid up	HK$ 10,000.00 ============

SHAREHOLDER

(As per registry dated 16-03-2012)

Name	No. of share
LV Hai E	10,000 =====

DIRECTOR

(As per registry dated 16-03-2012)

Name (Nationality)	Address
LV Hai E	Lan Qin Ge 6B, Shekou Lanyi Garden, Nanshan District, Shenzhen, China.

SECRETARY

(As per registry dated 16-03-2012)

Name	Address	Co. No.
Joy Enterprise Secretary Services Ltd.	Room 19C, Lockhart Centre, 301-307 Lockhart Road, Wanchai, Hong Kong.	1336601

GENERAL

Health Creation Industrial Ltd. was incorporated on 16th March, 2009 as a private limited liability company under the Hong Kong Companies Ordinance.

The subject does not have its own operating office. Its registered office is in a commercial service firm located at Room 1105, 11/F., Lippo Centre Tower 1, 89 Queensway, Admiralty, Hong Kong known as Richful Deyong Corporate Management Ltd. [Richful Deyong] which is handling its correspondences and documents. The associate of Richful Deyong Joy Enterprise Secretary Services Ltd. is the corporate secretary of the subject. This firm is also located at the above-mentioned address.

Formerly the subject’s registered address was located at Room 1001-1004A, 10/F., Champion Building, 287-291 Des Voeux Road Central, Hong Kong where is the operating address of Gateway Registrations Ltd. which was also a commercial service provider. Moved to Unit A, 5/F., Max Share Centre, 373 King’s Road, North Point, Hong Kong where was the operating address of EF Secretarial Ltd. with effect from 1st June, 2009 as the subject had changed its secretarial firm since then. It further moved to the present address in January 2010 as it has changed its secretarial firm again.

The subject has no employees in Hong Kong.

According to the Companies Registry of Hong Kong, the subject has issued 10,000 ordinary shares of HK$1.00 each of which are wholly owned by Ms. Lv Hai E who is a China business woman. Being a China ID Card holder, she is also the only director of the subject. Currently, Lv is residing in Shekou, Shenzhen Special Economic Zone, China.

The subject is trading in health products, chemical raw materials, etc. Commodities are chiefly imported from India and Europe. Prime market is China. It also exports China products to foreign markets. Business is fairly active.

Lv cannot be reached as she is in Shenzhen Special Economic Zone, China.

The subject has got an associated company in Shenzhen SEZ, China operated by Lv. The subject and the Shenzhen firm are engaged in the same lines of business.

The Shenzhen firm deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. The Shenzhen firm also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.

The subject has been banking with Standard Chartered Bank (Hong Kong) Ltd.

The history of the subject in Hong Kong is just over three years and three months.

Since the subject does not have its own operating office and has no employees in Hong Kong, on the whole, consider it good for business engagements on secured basis.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.20
UK Pound	1	Rs.87.79
Euro	1	Rs.70.43

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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