MIRA INFORM REPORT

Report Date :

06.10.2012

IDENTIFICATION DETAILS

Name :	BEST LINKAGE (MACAO COMMERCIAL OFFSHORE) LTD

Registered Office :	Flat F 10fl Macau Square 43-53a Avenida Do Infante D Henrique

Country :	Macao

Date of Incorporation :	12.02.2003

Com. Reg. No.:	SO16501

Legal Form :	Private Company With Limited Liability

Line of Business :	Professional Services

No. of Employees :	6

RATING & COMMENTS

MIRA’s Rating :

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 :	Moderate
Payment Behaviour :	Slow
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)

Macau

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

MACAU - ECONOMIC OVERVIEW

After opening up its locally-controlled casino industry to foreign competition in 2001, the territory attracted tens of billions of dollars in foreign investment, transforming Macau into one of the world's largest gaming centers. Macau''s gaming and tourism businesses were fueled by China''s decision to relax travel restrictions on Chinese citizens wishing to visit Macau. By 2006, Macau''s gaming revenue surpassed that of the Las Vegas strip, and gaming-related taxes accounted for more than 70% of total government revenue. In 2008, Macau introduced measures to cool the rapidly developing sector. Macau''s economy slowed dramatically in 2009 as a result of the global economic slowdown, but strong growth resumed in 2010, largely on the back of tourism from mainland China and the gaming sectors. This city of 550,000 hosted nearly 25 million visitors in 2010. Almost 53% came from mainland China. Macau''s traditional manufacturing industry slowed greatly since the termination of the Multi-Fiber Agreement in 2005. The Closer Economic Partnership Agreement (CEPA) between Macau and mainland China that came into effect in January 2004 offers Macau-made products tariff-free access to the mainland; nevertheless, China is Macau''s second largest goods export market, behind Hong Kong, and followed by the United States. However, exports in 2010 were less than US$900 million, while gaming receipts were almost US$24 billion, a 58% increase over 2009. Macau continues to face the challenges of managing its growing casino industry, money-laundering, and the need to diversifying the economy away from heavy dependence on gaming revenues. Macau''s currency, the pataca, is closely tied to the Hong Kong dollar, which is also freely accepted in the territory.

Source : CIA

COMPANY NAME & ADDRESS

BEST LINKAGE (MACAO COMMERCIAL OFFSHORE) LTD

FLAT F 10FL MACAU SQUARE 43-53A AVENIDA DO INFANTE D HENRIQUE, MACAO

TEL: +853-28259793 FAX: N/A

EXECUTIVE SUMMARY

INCORPORATION DATE : FEB. 12, 2003

REGISTRATION NO. : SO16501

LEGAL FORM : PRIVATE COMPANY WITH LIMITED LIABILITY

CHIEF EXECUTIVE : MR. ANDY YUEN-CHIU LEE (DIRECTOR)

STAFF STRENGTH : 6

AUTHORIZED CAPITAL : MOP 100,000

BUSINESS LINE : PROFESSIONAL SERVICES

TURNOVER : N/A

EQUITIES : N/A

PAYMENT : AVERAGE

MARKET CONDITION : AVERAGE

FINANCIAL CONDITION : N/A

OPERATIONAL TREND : STEADY

GENERAL REPUTATION : AVERAGE

EXCHANGE RATE : MOP 7.9877 = 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: BEST LINKAGE (MACAO COMMERCIAL OFFSHORE)

LTD

Name in Local Language: 彩暉(澳門離岸商業服務)有限公司

Operating Address: Flat F 10Fl Macau Square 43-53A Avenida Do Infante D

Henrique, Macao

Tel: [+853]-28259793

Primary Business Activity: Service

Primary Industry: Professional Services

Key Facts

Registered Legal Address: Flat F 10Fl Macau Square 43-53A Avenida Do Infante D

Henrique, Macao

Trading Name / DBA: BEST LINKAGE (COMMERCIAL OFFSHORE DE MACAU)

LTDA

License Number: SO16501

Date of Registration: 12 Feb, 2003

Issuing Authority: Conservatoria dos Registos Comercial e de Bens Moveis

(Commercial Registry Office)

Legal Form - Category: Private Company with Limited Liability

Legal Form: Limited

Legal Form - Abbreviation: LTD

License Status: License exists - Normal.

Operational Status of Business: Normal

Employees: 6

OFFICE & FACILITIES

Name: BEST LINKAGE (MACAO COMMERCIAL OFFSHORE) LTD - MACAO

Land Size: 1,000 Square feet

Address: Flat F 10Fl Macau Square 43-53A Avenida Do Infante D Henrique, Macao

Country: Macao

Status: Operational

CAPITAL

(Currency: MOP - Macau Patacas)

Authorized Capital: 100,000

Paid-up Capital: 100,000

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 BEST LINKAGE (MACAO COMMERCIAL OFFSHORE) LTD's reputation within the respective industry failed to reveal any adverse information.

SHAREHOLDERS

Total number of shareholders : 1

Total number of shares : n/a

Shares

No. Shareholders Country Number Amount (MOP) %

1 VICTORY CITY HOLDINGS LTD Virgin Islands (British) n/a 100,000 100.00

Total n/a 100,000 100.00

COMPANY DIRECTORS

Personal Unique Identifier: MI02104486

Name: Mr. Andy Yuen-chiu Lee

Nationality: Macanese

Personal Unique Identifier: MI02104487

Name: Mr. Chung-shing Lee

Nationality: Macanese

Personal Unique Identifier: MI02104484

Name: Mr. Lin-hung Choi

Nationality: Macanese

Personal Unique Identifier: MI02104485

Name: Mr. Ming-hung Li

Nationality: Macanese

Personal Unique Identifier: MI02104483

Name: Mr. Tien-tui Chen

Nationality: Macanese

Personal Unique Identifier: MI02104482

Name: Mr. Tong Im

Nationality: Macanese

Primary Products

Products / Materials / Services Description Activity

Business trade Service

Management consultancy Service

Trading consultants Service

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description Code Activity

Business Consulting Svcs, NEC 8748 Service

Mgt Consulting Svcs 8742 Service

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description Code Activity

Business development/consulting 9878 Service

Management consulting services 9875 Service

Core Business

The primary business focus of BEST LINKAGE (MACAO COMMERCIAL OFFSHORE) LTD is Specialized professional services, including:

Management consultancy

DIRECT / INDIRECT CORPORATE PARENT DETAILS

Direct Parent: VICTORY CITY HOLDINGS LTD

Global Identifier: P1142473

Country: Virgin Islands (British)

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 9 years.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.61
UK Pound	1	Rs.83.57
Euro	1	Rs.67.17

INFORMATION DETAILS

Report Prepared by :

NLM

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.