IFC Business Financial Report

Announcement
This report is furnished at your sole request for the use of making decisions in respect of credit, trade or investment and for no other purpose. You shall not release or disclose any of the information contained in the report to any other person or firm or company unless otherwise agreed upon by IFC. IFC shall not be liable for any loss or damage arising out of the use of any of the information contained herein.

BUSINESS CONTACT
Chinese Name: English Name: Chinese Address English Address Zip Code Telephone Fax E-mail address Website Industry Code Import & Export Right Saip electric group Co.,Ltd. Liushi Industrial Zone, Liushi Town, Yueqing City, Zhejiang. 325604 86-0577-82288937 86-0577-27823806 Saip@saip.cn www.saip.cn 3725auto accessories and related products manufacture No

REGISTRATION INFORMATION
Chinese Name Registered Address HeKouTang Town, XianYanVillage () Registered Date Mar15 1999 Legal Representative Chengzhong Li() Registered No. 330304000012523 Corporation Status Company limited natural persons holding or investment Registered Capital 500 thousand RMB Registry Administration of Industry & Commerce of Wenzhou City, Ouhai Branch Business Scope Manufacturing, processing and marketing of motor parts, motorcycle parts (excluding engines), auto parts, electrical explosion-proof. (Laws and administrative regulations prohibited except) Operation period 2003-07-07 - 2013-07-06 Chinese Name 2008

SHAREHOLDER AND INVESTMENT

Capital Structure (Unit: Thousand RMB)
SHAREHOLDER S Chengzhong Li () Xiaoyun Xie () Total

SHAREHOLDERS SHAREHOLDERS SHAREHOLDERS SHAREHOLDERS 320.00 180.00 500.00 64.00 36.00 100.00 100.00 100.00 Monetary Assets Monetary Assets

CHANGE ON REGISTRATION ASSETS AND SHAREHOLDERS INFORMATION

(Unit: Thousand RMB)
Changes Date Mar 1999 Jul 2003 Registered Capital 150 Shareholders Funded ratio(%) 53.33 46.67 64 36

500 500

Mar 2008 Current status

Chengzhong Li() Bingqi Xie() Chengzhong Li() Bingqi Xie() Current status

PRINCIPALS
Name Title ChengzhongLi()Chairman XiaoyunXie() Director Gender Male Female Date of Birth Other 1972-3-2 ID:330325197203021031 1976-1-2 ID:330325197601021029

BACKGROUND OF PRINCIPALS
Name Title Gender Date of Birth Name ) From Nov 2001 to Jun 2003, Worked in Saip electric goup Co.,Ltd.() From Jul 2003 to now, Was worked in subject as Chairman& General Manager. Chengzhong Li() Chairman& General Manager Male Mar 1972 From 1993 to Oct 2001 Worked in Shuian Xingda electric accessory Co.,Ltd. ( 4

FACILITIES & PROPERTY

Subjects factory is located in Liushi Industrial Zone, Liushi Town, Yueqing City,Zhejiang for the leasing of property rights, the plant covers an area of 3,500 square meters.

FINANCIAL INFORMATION
Source of statement: Official channel Balance Sheet (unit: thousand RMB)

Financial Analysis
2007, high current ratio and high quick ratio, shows its good short-term solvency; Low leverage ratio shows its good long-term solvency. Stable TAR turnover times, plus good inventory turnover times, shows its stable operation capacity. Good Return on total assets, plus good return on net assets shows subjects good profitability. Rapid increase in sales revenue and profit in 2007, stable asset accumulated rate, high sales increase ratio, shows subjects good weak growth capacity.

Account Opening Information

Bank

Account Number Address Tel

Rural Cooperative Bank of Ouhai, Wenzhou City, XCianyan Branch ---------- Fanrong Middle Rd. Ouhai District, Wenzhou City, Zhejiang Province 86-0577-85302333

Information Sable NoteAll monetary amounts quoted in the report are shown in Renminbi(RMB) unless otherwise started. This report "-" means "not get" or "no evaluation" because of insufficient information.
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