MIRA INFORM REPORT

Report Date :

09.11.2013

IDENTIFICATION DETAILS

Name :	NEMO (H.K.) LTD.
Registered Office :	c/o Pinetech Ltd. Unit B, 13/F., Tern Centre, Block 2, 251 Queen’s Road Central
Country :	Hong Kong
Date of Incorporation :	14.08.2007
Com. Reg. No.:	34680062
Legal Form :	Private Limited Liability Company
Line of Business :	Trading in all kinds of lighting products
No. of Employees :	No employees in Hong Kong It is to be noted that the company does not have its own operating office in Hong Kong. The company uses the address of its secretariat as its correspondence address only. Subject operates from some other country and does not have a base in Hong Kong. Such companies are registered in Hong Kong just to tax benefit purpose and due to the strict privacy laws prevailing in the country. In such cases, the companies are not required to have any employees in Hong Kong nor do have an office there.

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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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 levies excise duties on only four commodities, namely: hard alcohol, tobacco, hydrocarbon oil, and methyl alcohol. There are no quotas or dumping laws. 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 9.1% of total system deposits in Hong Kong by the end of 2012, an increase of 59% from the previous 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 34.9 million in 2012, 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 2012 mainland Chinese companies constituted about 46.6% of the firms listed on the Hong Kong Stock Exchange and accounted for about 57.4% 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, and less than 2% in 2012. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly and inflation to rise 4.1% in 2012. 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

(Formerly located at:

c/o Hong Kong Accountant Co.

Unit 1805, Level 18, Landmark North,

39 Lung Sum Avenue, Sheung Shui,

New Territories, Hong Kong. )

Company name and address

NEMO (H.K.) LTD.

ADDRESS

Registered Office:-

c/o Pinetech Ltd.

Unit B, 13/F., Tern Centre, Block 2, 251 Queen’s Road Central, Hong Kong.

[Tel: 852-2815 4011, Fax: 852-2815 4022]

South Korea Office:-

No. 304, Digital Empire, 980-3, Youngtong-Dong, Youngtong-Gu, Suwon‑Si, Gyeonggi-Do, 443-813, South Korea.

[Tel: 82-70-7642-7350; Fax: 82-70-7621-5909

E-mail: dggang@nemocom.co.kr]

Shenzhen Office:-

Nemo (H.K.) Ltd. Shenzhen Representative Office

701-702, 7/F., International Chamber of Commerce Building B, Futian, Shenzhen, China.

[Tel: 86-755-8293-4368; Fax: +86-755-8293-4869

E-mail: michael@nemohk.com]

BUSINESS REGISTRATION NUMBER

34680062

COMPANY FILE NUMBER

0905891

MANAGEMENT

Managing Director: Mr. Lee Sang Jun

CAPITAL

Nominal Share Capital: HK$3,000,000.00 (Divided into 3,000,000 shares of HK$1.00 each)

Issued Share Capital: HK$3,000,000.00

SHAREHOLDER: (As per registry dated 11-06-2013)

Name	No. of shares
LEE Sang Jun	3,000,000 =======

DIRECTORS: (As per registry dated 08-10-2013)

Name (Nationality)	Address
LEE Sang Jun	104-2101, Dong-A Apartment Jeongdun, Bundang, Sungnam Kyunggi-Do, Korea.
Hoseok KANG	Flat F, 18/F., Block 4, Royal Peninsula, 8 Hung Lai Road, Hunghom, Kowloon, Hong Kong.

SECRETARY: (As per registry dated 11-06-2013)

Name	Address	Co. No.
Superfine Consultants Ltd.	Room 2304, 23/F., 135 Bonham Strand Trade Centre, 135 Bonham Strand, Sheung Wan, Hong Kong.	0797478

HISTORY

The subject was incorporated on 11th June, 2004 as a private limited liability company under the Hong Kong Companies Ordinance.

Formerly the registered address of the subject was located at Unit 1805, Level 18, Landmark North, 39 Lung Sum Avenue, Sheung Shui, New Territories, Hong Kong where was the operating office of an accountant firm. It moved to the present address in December 2012 where is the operating office of Pinetech Ltd., a Hong Kong-registered firm.

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

GENERAL

Having issued 3 million ordinary shares of HK$1.00 each, Nemo (H.K.) Ltd. is wholly owned by Mr. Lee Sang Jun who is a South Korean. He is a South Korea passport holder and does not have the right to reside in Hong Kong permanently.

The subject does not have its own operating office. Its registered office is in a Hong Kong-registered firm located at “Unit B, 13/F., Tern Centre, Block 2, 251 Queen’s Road Central, Hong Kong” known as Pinetech Ltd. [Pinetech] which is handling its correspondences and documents. Incorporated on 14th August, 2007, Pinetech is trading in all kinds of lighting products.

Your given phone number 852-3527 3636 belongs to the accountant firm at the old address.

The subject has no employees in Hong Kong.

The subject’s head office is in South Korea bearing the same name as the subject [Nemo].

The subject is trading in the products of Samsung, South Korea.

Nemo is doing a total solution partner from electric components to complete set business. Its annual sales turnover ranges from US$35 to 40 million. It mainly trades in Home & Car Audio/Video Electronics, Automotive electronics & Telecommunication Equipments such as mobile phones. Prime markets are China, Hong Kong, South Korea and India.

The subject also provides electric components manufacturing services for home and car audio/video electronics, automotive electronics, and telecommunications markets. It offers portable DVR security cameras, LED desktop lamps, DVD and CDP pickups, LCD prism sheets, HD radio modules, GPS and Bluetooth modules, saw filters, TCXO, and SDRAM. The subject also provides Electronics components trading, and AV product solutions and platform provision services; and material sourcing, purchasing, and logistics services.

The subject now has set up offices in South Korea, New Delhi of India; and Shenzhen/Shanghai of China.

The subject’s business in Hong Kong is not active.

Your given website www.nemohk.com does not work.

The history of the subject in Hong Kong is over nine years.

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

NOTE:

It is to be noted that the company does not have its own operating office in Hong Kong. The company uses the address of its secretariat as its correspondence address only. Subject operates from some other country and does not have a base in Hong Kong. Such companies are registered in Hong Kong just to tax benefit purpose and due to the strict privacy laws prevailing in the country. In such cases, the companies are not required to have any employees in Hong Kong nor do have an office there.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.73
UK Pound	1	Rs.100.92
Euro	1	Rs.84.06

INFORMATION DETAILS

Report Prepared by :

NIS

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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.