MIRA INFORM REPORT

Report Date :

17.12.2014

IDENTIFICATION DETAILS

Name :	BRILLIANT STAR MFG LIMITED

Registered Office :	No. 5, 17F Bonham Trade Centre, 50 Bonham Strand, Sheung Wan

Country :	Hong Kong

Date of Incorporation :	16.09.2014

Com. Reg. No.:	2144824

Legal Form :	Private Limited Liability Company

Line of Business :	Not Available Note: We tried to confirm / obtain the detailed activity but the same is not available from any sources.

No of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New Business

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 – September 30, 2014

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Hong Kong

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	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

Contact Points

Company Name:	Brilliant Star MFG Limited
Supplied Name:	Brilliant Star Mfg Ltd
Trading Address:	Unit F2, 4/F, Hang Fung Industrial Building Phase 2, 2G Hok Yuen St, Hunghom Kowloon Hong Kong
Supplied Address:	Unit 8, Unit F2, 4/F, Hang Fung Industrial Building Phase 2, 2G Hok Yuen St, Hunghom Kowloon

Note: The exact name and address are as above.

Credit Summary

Credit Opinion:

In view of the absence of information about subject’s operation status, caution should be exercised.

Special Note

We cannot obtain any operation or contact information of the subject from public files according to the supplied name or address.

We visited the supplied address and found the subject is located on it, but the relevant staff declined to disclose any information.

Update to date of reporting, we failed to get the operation information of the subject. If you can supply further information such as current telephone number, we’d like to have the investigation resumed.

We found subject’s registration information as follows for reference.

Company Identification Details

Registered Name:	Brilliant Star MFG Limited
Registered Address:	No. 5, 17F Bonham Trade Centre, 50 Bonham Strand, Sheung Wan, Hong Kong
Date of Registration:	2014-9-16
Registered Number:	2144824
Business Registration No.:	63825914
Registered Capital:	HKD 10,000 (USD 1,290) (As of 2014.12, 1 HKD = 0.129 USD)
Paid-up Capital:	HKD 10,000 (USD 1,290) = 10,000 Shares@ HKD 1
Legal Form:	Private Limited Liability Company
Principal Activities:	N/A
Staff:	N/A
Listed at Stock Exchange:	No
Date of Last Annual Return:	--

Notes: Since the subject declined to disclose the principal activities and staff number, the information is not available from any sources.

History

Subject was incorporated on 2014-9-16 with the registered number 2144824 as Private Limited Liability Company in Hong Kong.

Corporate Structure

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

Shareholders

Unit: HKD

Name	Subscription Amount	Proportion of Investment (%)
Isamalia, Ripin Vallabhbhai	10,000	100%
Total	10,000	100%

Major Shareholder Information:

Name:	Isamalia, Ripin Vallabhbhai
Address:	Flat 14, 6^th Floor, New Knutsford House, 14 Knutsford Terrace Tsim Sha Tsui Kowloon, Hong Kong

Management Information

Core Management

Detailed Information of Directors:

1
Name:	Isamalia, Ripin Vallabhbhai
Address:	Flat 14, 6^th Floor, New Knutsford House, 14 Knutsford Terrace Tsim Sha Tsui Kowloon, Hong Kong
Position:	Director
ID Number:	M259070
2
Name:	Startupr Hong Kong Limited
Address:	No. 5, 17F Bonham Trade Centre, 50 Bonham Strand, Sheung Wan, Hong Kong
Position:	Corporate Secretary
Registered Number:	1614230

Operation Information

Offices & Factories

	Office
Address:	Unit F2, 4/F, Hang Fung Industrial Building Phase 2, 2G Hok Yuen St, Hunghom Kowloon Hong Kong

Premises Information

Office address:

Address:	Work Shop F2 On 4th Floor Including Flat Roof Appurtenant Thereto Hang Fung Industrial Building Phase 2 No.2G Hok Yuen Street Kowloon
Owners:	Beauty Rise Enterprises Limited
Memorial Number:	UB7810186
Date of Instrument:	1999-6-17
Date of Registration:	1999-7-15
Consideration Value:	$1,100,000.00

History of Premises Owners’

1
Memorial No.:	07030500010027
Date of Instrument:	2007-2-8
Date of Registration:	2007-3-5
Nature:	Mortgage
In Favor of:	Nanyang Commercial Bank Limited
Consideration:	To Secure General Banking Facilities To The Extent Of An Unlimited Amount
2
Memorial No.:	UB7765839
Date of Instrument:	1999-5-17
Date of Registration:	1999-5-28
Nature:	Agreement For Sale And Purchase By Dao Heng Bank Limited
In Favor of:	Beauty Rise Enterprises Limited
Consideration:	$1,100,000.00
3
Memorial No.:	UB7664271
Date of Instrument:	1998-12-30
Date of Registration:	1999-1-20
Nature:	A Sealed Copy Of Winding-Up Order
In Favor of:	The Official Receiver & Provisional Liquidator Of Flying Crane (H.K.) Limited "The Official Receiver Of Provisional Liquidator Of Flying Crane (H.K.) Limited" Flying Crane (H.K.) Limited "Wound-Up Company"
Consideration:	--

Operation Information

From public files, we cannot obtain any operation information and the subject declined to disclose the information, either. At present we cannot confirm subject’s operation information.

Financial Information

The subject has no obligation to supply its financial statement to the third party according to the relevant policy in Hong Kong and the only source from which we can obtain the information is the subject itself.

Subject’s relevant staff rejected to disclose the financial information; from other sources we could not obtain such information, either.

Bankers

Subject declined to disclose its bank details; from other source we could not obtain the relevant information, either.

Public

Mortgage Record

No mortgage record was found.

Lawsuits

Up to now, no present or latent litigation of the subject has been found.

High Court Action:	Clear
High Court Baukufty Bankruptcy Proceedings:	Clear
High Court Commercial Action:	Clear
High Court Construction & Arbitration Proceedings:	Clear
High Court Companies Winding-Up:	Clear

Attachment

Address: Unit F2, 4/F, Hang Fung Industrial Building Phase 2, 2G Hok Yuen St, Hunghom Kowloon Hong Kong

Hang Fung Industrial Building Phase 2, 2G Hok Yuen St, Hunghom Kowloon Hong Kong

4/F, Hang Fung Industrial Building Phase 2, 2G Hok Yuen St, Hunghom Kowloon Hong Kong

Unit F2, 4/F, Hang Fung Industrial Building Phase 2, 2G Hok Yuen St, Hunghom Kowloon Hong Kong

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 63.41
UK Pound	1	Rs. 99.30
Euro	1	Rs. 79.00

INFORMATION DETAILS

Analysis Done by :	SUB

Report Prepared by :	DPT

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.