MIRA INFORM REPORT

Report Date :

09.12.2014

IDENTIFICATION DETAILS

Name :	TRADELINK TECHNOLOGIES LTD.
Registered Office :	Suite 1607-9, 16/F., World Commerce Centre, Harbour City, 11 Canton Road, Tsimshatsui, Kowloon,
Country :	Hong Kong
Date of Incorporation :	10.03.2000
Com. Reg. No.:	30763826
Legal Form :	Private Limited Company
LINE OF BUSINESS :	SUBJECT IS ENGAGED IN THE FOLLOWING BUSINESS SCOPE: GENERAL APPLICATIONS/SYSTEM SOFTWARE DESIGN (FOR LOGISTICS TO INDIA); INFORMATION TECHNOLOGY CONSULTANCY; COMPUTER EQUIPMENT INSTALLATION & MAINTENANCE, INTERNET RELATED SERVICES (TO INDIA); DATA PROCESSING; EDI SERVICE (TO INDIA).
No. of Employees :	40

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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
Hong Kong	A1	A1

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 has no tariffs on imported goods, and it levies excise duties on only four commodities, whether imported or produced locally: 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, its continued reliance on foreign trade and investment leaves it vulnerable to renewed global financial market volatility or a slowdown in the global economy. 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 12% of total system deposits in Hong Kong by the end of 2013. 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 total trade 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. Credit expansion and tight housing supply conditions have caused Hong Kong property prices to rise rapidly; consumer prices increased by more than 4% in 2013. 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. In 2013, Hong Kong and China signed new agreements under the Closer Economic Partnership Agreement, adopted in 2003 to forge closer ties between Hong Kong and the mainland. The new measures, effective from January 2014, cover services and trade facilitation, and will improve access to the mainland's service sector for Hong Kong-based companies

Source : CIA

Company name and address

TRADELINK TECHNOLOGIES LTD.

ADDRESS: Suite 1607-9, 16/F., World Commerce Centre, Harbour City, 11 Canton Road, Tsimshatsui, Kowloon, Hong Kong.

PHONE: 852-2970 2168

FAX: 852-2970 2813

E-MAIL: support@tradelinkone.com

MANAGEMENT

Managing Director: Mr. Ling Ka Wai, Lewis

SUMMARY

Incorporated on: 10th March, 2000.

Organization: Private Limited Company.

Capital: Nominal:HK$100,000.00

Issued: HK$100,000.00

Business Category: Service Company.

Employees: 40.

Main Dealing Banker: Citi Bank, Hong Kong.

Banking Relation: Satisfactory.

ADDRESS

Registered Head Office:-

Suite 1607-9, 16/F., World Commerce Centre, Harbour City, 11 Canton Road, Tsimshatsui, Kowloon, Hong Kong.

Holding Company:-

EP Group Ltd., British Virgin Islands.

Associated Companies:-

Inter-Asia Venture Management (HK) Ltd., Hong Kong.

Inter-Asia Venture Management Ltd., Hong Kong.

Tradelink Technologies Inc., US.

BUSINESS REGISTRATION NUMBER

30763826

COMPANY FILE NUMBER

0707537

MANAGEMENT

Managing Director: Mr. Ling Ka Wai, Lewis

CAPITAL

Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of HK$1.00 each)

Issued Share Capital: HK$100,000.00

SHAREHOLDERS: (As per registry dated 10-03-2014)

Name		No. of shares
EP Group Ltd. P.O. Box 957, Offshore Incorporation Centre, Road Town, Tortola, British Virgin Islands.		89,999
Interasia Venture Management Ltd., Hong Kong.		7,500
Celtic International Ltd. Creque Building, Main Street, Road Town, Tortola, British Virgin Islands.		1,500
[to be continued]
[continued]
C. K. KWOK, Philip		1,000
Daniel Collingwood ENTAC		1
		–––––––
	Total:	100,000 ======

DIRECTORS: (As per registry dated 10-03-2014)

Name (Nationality)	Address
LING Ka Wai	Flat C, 9/F., Tower 5, Laguna Verde, Hunghom, Kowloon, Hong Kong.
Lewis P. RUTHERFURD	51J, Mt. Kellett Road, Hong Kong.
Daniel Collingwood ENTAC	725 Providence Road, Suite 319, Charlotte, NC. 28207, U.S.A.

SECRETARY: (As per registry dated 10-03-2014)

Name	Address	Co. No.
Acumen Consultants Ltd.	Room 1120 – 1122, 11/F., Leighton Centre, 77 Leighton Road, Causeway Bay, Hong Kong.	0096508

HISTORY

The subject was incorporated on 10th March, 2000 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: Service Company.

Lines: Garment, footwear, hardware, other products

Employees: 40.

Commodities Imported: China, other Asian countries, etc.

Markets: Worldwide countries.

Terms/Sales: Various terms.

Terms/Buying: As per contracted.

FINANCIAL INFORMATION

Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of HK$1.00 each)

Issued Share Capital: HK$100,000.00

Profit or Loss: Making a small profit every year.

Condition: Keeping in a satisfactory manner.

Facilities: Making rather active use of general banking facilities.

Payment: Met trade commitments as required.

Commercial Morality: Satisfactory.

Banker: Citi Bank, Hong Kong.

Standing: Normal.

GENERAL

TradeLink Technologies Ltd. is a subsidiary company of EP Group Ltd. which is a BVI-registered company.

The subject is engaged in the following business scope: General Applications/System Software Design (For logistics to India); Information Technology Consultancy; Computer Equipment Installation & Maintenance, Internet Related Services (To India); Data Processing; EDI Service (To India), etc.

The following countries and areas are the main markets of the subject: Africa, Australasia, Central & South America, China, Eastern Europe, Hong Kong, Japan, Korea, the Middle East, North America, Other Asian Countries, Scandinavia, Southeast Asia, Taiwan, Western Europe, etc.

The subject provides the latest in B2B products utilizing the simplicity of Internet file formats (XML) but with industry business (EDI) documents and bar coding (UCC-128) standards. The products have been certified and purchased by some of the largest international businesses.

Buyers of products manufactured internationally are finding there are benefits to automating their inventory and shipment information. By using standard trading documents, it allows the process to be automated from the beginning of the purchasing process to when the shipment is received.

The benefits to the Buyer are:-

Helps maximize inventory "turns" with increased in-transit inventory visibility.

Provides Transportation and Distribution departments with detailed shipment information to better allocate logistics costs and resources.

Allows the Distribution Centre the opportunity to automatically receipt cartons.

Increases shipment accuracy with scanning and UCC-128 Carton Labelling process.

The benefits to the Supplier are:-

Accurate shipment information.

Reduced clerical costs in shipping departments.

Acceptance of the Buyer's proprietary electronic trading documents.

Better inventory control with scanning and labelling.

Flexibility of the system to handle multiple buyer formats and documents.

Electronic invoicing.

A new innovative shipping process is happening in the world of retail. Some large retailers are requiring product to be shipped directly to their stores or distribution centres. The financial and sales opportunities are large as the savings for by passing a distribution centre can add as much or more than 20% to the profit margin for a shipment. The subject has the operational experience and systems to support this concept.

The subject was created in early 2000 to help global importers and logistics companies connect electronically with their supply chain partners. The founders of the company went into business with the primary goals of facilitating better shipment information and maximizing supply chain information benefits for customers. These goals were not only to provide connectivity or EDI type compliance but to more importantly support and assist with forward thinking logistics and distribution processes such as direct shipments, shipment visibility event status, connect with trade finance partners, “paperless” trade documents, and more.

TradeLink was one of the first to employ and support XML standards; as well as, move secure data through the Internet.

Today TradeLink solutions are deployed in over 4,000 customers in over 70 countries. It counts over 260 significant importer/brand and transportation companies as business partners. In the twelve years of operations, TradeLink has saved hundreds of millions of dollars for its customers and has plans to increase those savings for its customers.

In Hong Kong the subject has 40 employees. Business is chiefly administered by Mr. Ling Ka Wai, Lewis. History in Hong Kong is over fourteen years and nine months.

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.93
UK Pound	1	Rs.96.37
Euro	1	Rs.76.10

INFORMATION DETAILS

Analysis Done by :	RAS
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%)

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.