Sunday, March 29, 2009

Polo Resources Limited

Industry: Mining

Main business locations: Mongolia, Australia

Registered office:
Craigmuir Chambers
Road Town, Tortola
British Virgin Islands VG 1110

Incorporation date: 23 May 2007

BVI Registration number: 1406187

Listed on: London's Alternative Market (AIM)

Ticker: POLJF

English solicitors: Charles Russell LLP

BVI law solicitors: Harney Westwood & Riegels LLP

Auditors: Chapman Davis LLP

Principal Bankers: HSBC Bank Plc HBEU

Registrar: Computershare Investor Services (Channel Islands) Limited

Financial highlights (annual report ended June 30 2008):
Total assets: $341,370,000
Total equity: $337,626,000
Cash and cash equivalents: $113,674,000
Total number of shares: 1,874,239,816

BVI subsidiaries:
Polo Australasia Limited - 100% owned holding company
Polo Bangladesh Limited - 100% owned holding company
MUC Resources Ltd. - 100% owned holding company
World Coal Works Corporations - 100% owned holding company

About the BVI company:
Polo Resources Ltd is an international coal mining and exploration group which also has uranium interests. The BVI company acquires and develops interests in international coal projects, particularly those serving Asian market.

The company holds a diversified portfolio of coal and uranium licences in Mongolia, which is highly prospective for mineral deposits. Polo has specifically targeted areas of significant known coal resources that are near the necessary infrastructure to export coal into the Chinese and Russian energy markets.

Saturday, March 7, 2009

Global-Tech Advanced Innovations Inc.

Industry: Manufacturing

Main business locations: China, United States

Registered Office:
TrustNet Chambers,
P.O. Box 3444,
Road Town, Tortola,
British Virgin Islands

Incorporation date: May 2, 1991

BVI Registration number:

Listed on: NASDAQ
Ticker: GAI

Financial highlights (2008):
Total Assets: US$ 108,724,700
Net Sales: US$ 105,543,089
Net Loss: US$ 4,427,113

Auditors: Ernst & Young

Legal Counsel: Calfee, Halter & Griswold LLP

100% owned BVI subsidiaries:
Global Appliances Holdings Limited - Investment holding
Global Display Holdings Limited - Investment holding
Wing Shing Overseas Limited – Trading of raw materials and household appliance products
GT Investments (BVI) Limited – Investment holding
Consortium Investment (BVI) Limited - Asset and investment holding
Global Digital Imaging Limited (BVI) – Trading of raw materials and digital products
Wing Shing Products (BVI) Company Limited - Dormant

About the BVI company:
Global-Tech Advanced Innovations Inc. (formerly known as Global-Tech Appliances Inc.) is a holding company, owning subsidiaries and not engaged in daily business operations. Global-Tech is operating in the business segments of home appliances, electronic components and other. Along with its subsidiaries, the BVI company designs and manufactures wide range of consumer electrical products and markets them worldwide. The products manufactured include also floor care products and small household appliances. The BVI company also develops higher-value, more technologically advanced consumer electronic products and components, among its customers there are Royal Appliance Manufacturing Company and the Electrolux Group.

Manufacturing operations of the company are located in Dongguan, PRC. Products of the company are sold to customers primarily in the United States of America and mainland China.