MIRA INFORM REPORT

Report Date :

15.02.2013

IDENTIFICATION DETAILS

Name :	GOLD WORLD CORPORATION CENTURY LTD.

Registered Office :	c/o Akin Professionals Ltd., 20/F., Champion Building, 287-291 Des Voeux Road Central, Sheung Wan

Country :	Hong Kong

Date of Incorporation :	18.03.2011

Com. Reg. No.:	58098980

Legal Form :	Private Limited Liability Company

Line of Business :	trader of products include Beverages, Food Chemicals, Tea & Teabags, Dried Chili, Garlic, Potato, Onion, Peanut, Green Bean, Dried Ginger, Pepper, Dried Longan Pulp, etc.

No. of Employees :	Not Available

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 :	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

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

GOLD WORLD CORPORATION CENTURY LTD.

company ADDRESS

Registered Office:-

c/o Akin Professionals Ltd.

20/F., Champion Building, 287-291 Des Voeux Road Central, Sheung Wan, Hong Kong.

Holding Company:-

Motion Plus International Ltd., British Virgin Islands.

Associated Companies:-

Guangzhou Fangcun Dejin Tea Factory, China.

Motion Plus Development Ltd., China.

Motion Plus International (H.K.) Ltd., Hong Kong.

Motion Plus International Ltd., New Zealand.

Motion Plus Ltd., Hong Kong. [Dissolved]

Qingdao Motion Plus Food Co. Ltd., China.

Shenzhen Yonghelong Trading Co. Ltd., China.

BUSINESS REGISTRATION NUMBER

58098980

COMPANY FILE NUMBER

1575151

DATE OF INCORPORATION

18th March, 2011.

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 18-03-2012

Name		No. of share
Motion Plus International Ltd. Sea Meadow House, Blackburne Highway Road Town, Tortola, British Virgin Islands.		1 =

Name

No. of share

Motion Plus International Ltd.

Sea Meadow House, Blackburne Highway Road Town, Tortola, British Virgin Islands.

DIRECTOR

(As per registry dated 18-03-2012)

Name (Nationality)	Address
Motion Plus International Ltd.	Sea Meadow House, Blackburne Highway Road Town, Tortola, British Virgin Islands.

Name

(Nationality)

Address

Motion Plus International Ltd.

Sea Meadow House, Blackburne Highway Road Town, Tortola, British Virgin Islands.

SECRETARY

(As per registry dated 18-03-2012)

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

GENERAL

Gold World Corporation Century Ltd. was incorporated on 18th March, 2011 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 “20/F., Champion Building, 287‑291 Des Voeux Road Central, Sheung Wan, Hong Kong” known as “Akin Professionals Ltd.” which is handling its correspondences and documents. This firm is also the corporate secretary of the subject.

The subject has no employees in Hong Kong.

According to the Companies Registry of Hong Kong, the subject has issued just one ordinary share of HK$1.00 which is owned by Motion Plus International Ltd. [MPIL] which is a BVI-registered firm. The director of the subject is also MPIL.

The subject is trading in the following products:-

Beverages, Food Chemicals, Tea & Teabags, Dried Chili, Garlic, Potato, Onion, Peanut, Green Bean, Dried Ginger, Pepper, Dried Longan Pulp, etc.

Commodities are chiefly sourced from China, India, other Asian countries. Prime markets are Asian countries, Australia, New Zealand, etc.

The subject had an associated company Motion Plus Ltd. which has been dissolved.

At present, the subject’s main associated company Shenzhen Yonghelong Trading Co. Ltd. [Yonghelong] which is a China-based firm.

Yonghelong and the subject are engaged in the same lines of business. The contact person is Mr. Wei Xiao Qing.

Now, Yonghelong has set up associated companies in Guangzhou, Maoming and Qingdao of China, as well as in Auckland of New Zealand.

The subject has been banking with The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

The subject’s business in Hong Kong is not active. History in Hong Kong is just over a year.

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.87
UK Pound	1	Rs.83.59
Euro	1	Rs.72.37

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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