MIRA INFORM REPORT

Report Date :

19.09.2014

IDENTIFICATION DETAILS

Name :	EVER CENTURY INVESTMENTS LTD.
Registered Office :	c/o China Lot Synergy Holdings Ltd. Room 3308, 33/F., Office Tower, Convention Plaza, Harbour Road, Wanchai,
Country :	Hong Kong
Date of Incorporation :	30.09.2009
Com. Reg. No.:	51546465
Legal Form :	Private Limited Company
Line of Business :	Importer and Exporter of all kinds of lottery systems, gaming products
No. of Employees	12

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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

EVER CENTURY INVESTMENTS LTD.

ADDRESS: c/o China LotSynergy Holdings Ltd.

Room 3308, 33/F., Office Tower, Convention Plaza, Harbour Road, Wanchai, Hong Kong.

PHONE: 852-2136 6618

FAX: 852-2136 6608

MANAGEMENT

Managing Director: Mr. Cheng Lai Pan

SUMMARY

Incorporated on: 30th September, 2009.

Organization: Private Limited Company.

Capital: Nominal:HK$10,000.00

Issued: HK$5,000.00

Business Category: Importer and Exporter.

Employees: 12. (Including associates)

Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

Banking Relation: Satisfactory.

ADDRESS

Registered Office:-

c/o Top Executive Management Co. Ltd.

Unit 302, 3/F., Omega Plaza, 32 Dundas Street, Mongkok, Kowloon, Hong Kong.

Head Office:-

c/o China LotSynergy Holdings Ltd.

Room 3308, 33/F., Office Tower, Convention Plaza, Harbour Road, Wanchai, Hong Kong.

Holding Company:-

Mulia International Ltd., Hong Kong.

Associated Company:-

China LotSynergy Holdings Ltd., Hong Kong. (Same address)

BUSINESS REGISTRATION NUMBER

51546465

COMPANY FILE NUMBER

1377950

MANAGEMENT

Managing Director: Mr. Cheng Lai Pan

CAPITAL

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

Issued Share Capital: HK$5,000.00

SHAREHOLDER: (As per registry dated 30-09-2013)

Name	No. of shares
Mulia International Ltd., Hong Kong.	5,000 ====

DIRECTOR: (As per registry dated 30-09-2013)

Name (Nationality)	Address
CHENG Lai Pan	3/F., Omega Plaza, 32 Dundas Street, Mongkok, Kowloon, Hong Kong.

SECRETARY: (As per registry dated 30-09-2013)

Name	Address	Co. No.
Top Executive Management Co. Ltd.	3/F., Omega Plaza, 32 Dundas Street, Mongkok, Kowloon, Hong Kong.	0396723

HISTORY

The subject was incorporated on 30th September, 2009 as a private limited liability company under the Hong Kong Companies Ordinance.

Formerly the registered address of the subject was located at Unit 102, 1/F., Righteous Centre, 585 Nathan Road, Mongkok, Kowloon, Hong Kong, moved to the present address in November 2011.

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

OPERATIONS

Activities: Importer and Exporter.

Lines: All kinds of lottery systems, gaming products,

Employees: 12. (Including associates)

Commodities Imported: Europe, US,

Markets: China, Hong Kong, Macau, other Asian countries,

Terms/Sales: L/C or as per contracted.

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$5,000.00

Alternation of Capital:-

30-09-2009	paid up	HK$ 1.00
15-12-2009	paid up	HK$4,999.00
		––––––––––––
Total:	paid up	HK$5,000.00 ==========

Profit or Loss: Making a small profit every year.

Condition: Keeping in a satisfactory manner.

Facilities: Making active use of general banking facilities.

Payment: Met trade commitments as required.

Commercial Morality: Satisfactory.

Bankers:-

The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

Hang Seng Bank Ltd., Hong Kong.

Standing: Normal.

GENERAL

Ever Century Investments Ltd. is a wholly-owned subsidiary of Mulia International Ltd. which is a Hong Kong-registered firm.

The director of the subject Mr. Cheng Lai Pan is a Hong Kong merchant. The subject in fact is an associated company of China LotSynergy Holdings Ltd. [LotSynergy/Company/Group, when including associates]. The subject is using the operating address of the Group as its registered address. LotSynergy is a listed firm in Hong Kong.

On 16th October, 2013, the Group became the first Hong Kong listed lottery company to successfully transfer its listing from the GEM Board to the Main Board of the Hong Kong Stock Exchange.

The Group is engaged in the provision of technology and service for lottery systems, terminal equipment, game products and marketing operation to the public welfare lottery industry in China. The subject is engaged in the same lines of business, more or less. The subject provides the other countries, apart from China, with similar services and products.

The Group is engaged in the provision of technology and services for lottery systems, terminal equipment, gaming products and their operations in China’s lottery market. The principal businesses of the Group cover various lottery products ranging from video lottery (“VLT”), computer-generated ticket games (“CTG”) and KENO-type lottery to new media lottery. Through building up its technical competencies, expansion into new markets in China and high standards of corporate governance, the Group has established a solid foundation and a reputable brand name, providing it with comprehensive capabilities for sustainable development in the industry.

The Group recorded a turnover of approximately HK$743.8 million for the year ended 31st December, 2013, representing an increase of approximately 22% over 2012 which was HK$607.3 million. The Group recorded approximately HK$88.6 million in profit attributable to owners of the Company for the year ended 31st December, 2013, representing an increase of approximately 31% over 2012 which was just HK$67.5 million. The improvement in both turnover and profit attributable to owners of the Company is mainly attributable to the sustained growth of the China lottery market in 2013.

In 2013, the Group made significant strides in its telephone lottery business, benefitting from closer ties with lottery authorities, telecommunications operators and financial institutions in China.

In the first half of 2014, the Group recorded a turnover of approximately HK$460.5 million (the first half of 2013: HK$341.6 million), representing an increase of approximately 34.8% over the same period of last year. Profit attributable to owners of the Company for the first half of 2014 amounted to approximately HK$54.9 million, representing an increase of approximately 35.2% over the same period of last year.

As at 30th June, 2014, the Group employed 461 staff (2013: 467).

The subject is fully supported by the Group.

On the whole, since the history of the subject is just about five years, consider it good for normal business engagements in small credit amounts for the time being.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.05
UK Pound	1	Rs.99.55
Euro	1	Rs.78.57

INFORMATION DETAILS

Analysis Done by :	KAR
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.