MIRA INFORM REPORT

Report Date :

17.09.2012

IDENTIFICATION DETAILS

Name :	UNISCOPE ELECTRONICS CO. LTD.
Registered Office :	Unit C, 10/F., Seabright Plaza, 9-23 Shell Street, North Point
Country :	Hong Kong
Date of Incorporation :	13.06.2006
Com. Reg. No.:	36846274
Legal Form :	Private Limited Company
Line of Business :	Trader of all kinds of mobile phones, accessories, etc.
No. of Employees :	4.

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
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 – March 31^st, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
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 and address

UNISCOPE ELECTRONICS CO. LTD.

ADDRESS: Unit C, 10/F., Seabright Plaza, 9-23 Shell Street, North Point, Hong Kong.

PHONE: 2512 6078

FAX: 2512 6068

MANAGEMENT

Managing Director: Mr. Gu Xinhui

SUMMARY

Incorporated on: 13th June, 2006.

Organization: Private Limited Company.

Capital: Nominal: HK$10,000.00

Issued: HK$10,000.00

Business Category: Mobile phone trader.

Group Revenues: RMB4,519.1 million Yuan (Year ended 31-12-2011)

Employees: 4.

Main Dealing Banker: Bank of China (Hong Kong) Ltd., Hong Kong.

Banking Relation: Satisfactory.

ADDRESS

Registered Office:-

Unit D, 12/F., Seabright Plaza, 9-23 Shell Street, North Point, Hong Kong.

Operating Office:-

Unit C, 10/F., Seabright Plaza, 9-23 Shell Street, North Point, Hong Kong.

Associated Companies:-

Datang Telecom Technology Co. Ltd., China.

Shanghai Huntel Technologies Co. Ltd., China.

Shanghai Uniscope Electronics Co. Ltd., China.

Shanghai Uniscope Technologies Co. Ltd., China.

Uniscope Technologies(Qidong) Co. Ltd., China.

Uniscope Electronic (Qidong) Co. Ltd., China.

Zhejiang Pujie Communication Technology Co. Ltd., China.

BUSINESS REGISTRATION NUMBER

36846274

COMPANY FILE NUMBER

1051975

MANAGEMENT

Managing Director: Mr. Gu Xinhui

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

SHAREHOLDER

(As per registry dated 13-06-2012)

Name	No. of shares
GU Xinhui	10,000 =====

DIRECTOR

(As per registry dated 13-06-2012)

Name (Nationality)	Address
GU Xinhui	Room 2602, No. 23, Lane 8, South Qinzhou Road, Shanghai, China.

SECRETARY

(As per registry dated 13-06-2012)

Name	Address	Co. No.
Associated Consultants Ltd.	Unit D, 12/F., Seabright Plaza, 9-23 Shell Street, North Point, Hong Kong.	0466631

HISTORY

The subject was incorporated on 13th June, 2006 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: Mobile phone trader.

Lines: All kinds of mobile phones, accessories, etc.

Employees: 4.

Commodities Imported: China, etc.

Markets: China, other Asian countries, etc.

Group Revenues: RMB4,027.9 million Yuan (Year ended 31-12-2010)

RMB4,519.1 million Yuan (Year ended 31-12-2011)

Terms/Sales: L/C, T/T, etc.

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$10,000.00

Group Net Profit: RMB183.8 million Yuan (Year ended 31-12-2010)

RMB 95.0 million Yuan (Year ended 31-12-2011)

Profit or Loss: Keeping a balance account in Hong Kong.

Condition: Business is not active in Hong Kong.

Facilities: Making fairly active use of general banking facilities.

Payment: Met trade commitments as required.

Commercial Morality: Satisfactory.

Banker: Bank of China (Hong Kong) Ltd., Hong Kong.

Standing: Small.

GENERAL

Having issued 10,000 ordinary shares of HK$1.00 each, Uniscope Electronics Co., Ltd. is wholly owned by Mr Gu Xinhui who is a China merchant. He is a China passport holder and does not have the right to reside in Hong Kong permanently. He is also the only director of the subject.

The subject’s registered office is in a commercial service firm located at “Unit D, 12/F., Seabright Plaza, 9-23 Shell Street, North Point, Hong Kong” known as “Associated Consultants Ltd.” which is handling its correspondences and documents. This firm is also the corporate secretary of the subject.

The subject, trading in mobile phones, has had an affiliated company known as Shanghai Uniscope Technologies Co. Ltd. [SUT] which is in Shanghai, China. Shanghai Uniscope is a subsidiary company of Datang Telecom Technology Co. Ltd. [Datang] which is a Shanghai-based firm. It is also a listed firm in China.

SUT was established in October 2005 and began working GSM mobile phone product design, production and sales.

SUT’s current 2.5G mobile communication terminal with GSM and CDMA product line, in the 3G mobile communication terminals have the TD‑SCDMA and EVDO product lines and product line in preparation for the establishment of WCDMA. At the same time it has established platform and machine OEM smartphone platform, and established a complete production platform. SUT has a wealth of product lines and complete industrial chain form the structure of an increasingly competitive.

The subject another associated company Shanghai Uniscope Electronic Co. Ltd. [SUE] was founded in August 2006. It is responsible for the procurement of raw materials, production management, board and sales business.

SUT’s products, GC dual-mode products made overseas good results, the development of Indonesia’s HiTech, Thailand, Wellcome, Fly and other known brands in India and carrier customers. Its current markets are Southeast Asia, the Middle East, South America and the other regions cover more than 20 countries.

SUT is 51% owned by Datang. The other 49% will be acquired by GU Xinhui and another shareholder. When the acquisition is completed, Gu and the other shareholder will become minor shareholders of Datang.

As at end of 31st December, 2011, the revenues of Datang amounted to RMB4,519.1 million Yuan, net profits amounted to RMB95.0 million Yuan.

The subject’s history in Hong Kong is over six years.

On the whole, consider it good for normal business engagements.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.73
UK Pound	1	Rs.88.61
Euro	1	Rs.71.34

INFORMATION DETAILS

Report Prepared by :

PRL

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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