MIRA INFORM REPORT

Report Date :

31.10.2012

IDENTIFICATION DETAILS

Name :	IFH INTERNATIONAL HOLDING LTD.
Formerly Known As :	Aman International Holding Ltd
Registered Office :	Flat B, 55/F., Harbour Front Landmark Tower II, 11 Wan Hoi Street, Whampoa Garden, Hung Hom, Kowloon
Country :	Hong Kong
Date of Incorporation :	14.04.2010
Com. Reg. No.:	52096712
Legal Form :	Private Limited Company
Line of Business :	Importer, Exporter and Wholesaler of all kinds of industrial products.
No. of Employees :	05 employees

RATING & COMMENTS

MIRA’s Rating :

B

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 – 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

IFH INTERNATIONAL HOLDING LTD.

Company ADDRESS

Unit 2002, 20/F., The Metropolis Tower, 10 Metropolis Drive, Hung Hom, Kowloon, Hong Kong.

PHONE: Not available

MANAGEMENT

Managing Director: Mr. Anirudh Kumar Banerjee

SUMMARY

Incorporated on: 14th April, 2010.

Organization: Private Limited Company.

Capital: Nominal: HK$10,000.00

Issued: HK$10,000.00

Business Category: Importer, Exporter and Wholesaler.

Employees: 5.

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

Banking Relation: Satisfactory.

Company aDDRESS

Registered Office:-

Flat B, 55/F., Harbour Front Landmark Tower II, 11 Wan Hoi Street, Whampoa Garden, Hung Hom, Kowloon, Hong Kong.

Head Office:-

Unit 2002, 20/F., The Metropolis Tower, 10 Metropolis Drive, Hung Hom, Kowloon, Hong Kong.

BUSINESS REGISTRATION NUMBER

52096712

COMPANY FILE NUMBER

1443114

MANAGEMENT

Managing Director: Mr. Anirudh Kumar Banerjee

Contact Person: Mr. Hasham Khan

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

SHAREHOLDERS

(As per registry dated 14-04-2011)

Name		No. of shares
Anirudh Kumar BANERJEE		9,000
Hasham KHAN		1,000
		––––––
	Total:	10,000 =====

DIRECTORS

(As per registry dated 17-07-2012)

Name (Nationality)	Address
Mark Victory Corporation Ltd.	20/F., Champion Building, 287-291 Des Voeux Road Central, Sheung Wan, Hong Kong.
Anirudh Kumar BANERJEE	Flat 1801, 18/F., Panchtantrai CTS-1 Versova, Opp Yari Road, Andheri W., Mumbai 400061, India.

SECRETARY

(As per registry dated 17-07-2012)

Name	Address	Co. No.
Akin Professionals Ltd.	20/F., Champion Building, 287-291 Des Voeux Road Central, Sheung Wan, Hong Kong.	1273165

HISTORY

The subject was incorporated on 14th April, 2010 as a private limited liability company under the Hong Kong Companies Ordinance.

Originally the subject was registered under the name of Aman International Holding Ltd., name changed to the present style on 7th April, 2011.

Apart from these, neither material change nor amendment has been ever traced and noted.

OPERATIONS

Activities: Importer, Exporter and Wholesaler.

Lines: All kinds of industrial products.

Employees: 5.

Commodities Imported: China, other Asian countries, etc.

Markets: India, Egypt, Bangladesh, Sri Lanka, Kenya, Koonkola, etc.

Terms/Sales: As per contracted.

Terms/Buying: Various terms.

FINANCIAL INFORMATION

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

Issued Share Capital: HK$10,000.00

Profit or Loss: Too early to offer an opinion.

Condition: Business is under development.

Facilities: Making use of general banking facilities.

Payment: Met trade commitments as required.

Commercial Morality: Satisfactory.

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

Standing: Small.

GENERAL

IFH International Holding Ltd. was incorporated on 14th April, 2010 as a private limited liability company.

It has about 5 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 90% are owned by Mr. Anirudh Kumar Banerjee, 10% are owned by Mr. Hasham Khan. The former is residing in India while the latter is residing in Hong Kong. Hasham Khan is also the General Manager of the subject.

The director of the subject Mark Victory Corporation Ltd. is a Hong Kong-registered firm located at the same address.

We can reach nobody as per your given phone number 852-2311 1260. This is the number of a mail-box.

To our knowledge, the subject is a supplier and exporter of Industrial Products. It markets its products not only in India but also in Egypt, Bangladesh, Sri Lanka, Kenya, Koonkola, etc. Its range consists of Switch Gears, MCC PCC Control Panels, Electro Magnetic Stirrers, Gear Boxes and Gear Motors. Along with this, it is specialized in offering AC Motors, UPS, Soft Starters, Digital DC Drives, Servo Drives & Motors and AC Drive Motors. Commodities are chiefly sourced from China, other Asian countries, Europe, etc.

The subject’s history in Hong Kong is just over two years and six months. Business is still under development.

On the whole, since the history of the subject is short in Hong Kong, consider it good for normal business engagements on secured basis.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.17
UK Pound	1	Rs.86.83
Euro	1	Rs.69.85

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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