MIRA INFORM REPORT

Report Date :

26^th February, 2007

IDENTIFICATION DETAILS

Name :	LOPEZ DIAMOND CO. LTD.

Registered Office :	Flat D, 5/F, Victoria Mansion, 6-14a Gordon Road, North Point, Hong Kong.

Country :	Hong Kong

Date of Incorporation :	07.03.1989

Com. Reg. No.:	244636

Legal Form :	Private Limited Company

RATING & COMMENTS

MIRA’s Rating :

NR (No Rating)

RATING	STATUS	PROPOSED CREDIT LINE
NR	In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

Status :	Undetermined

Payment Behaviour :	Unknown

Litigation :	Clear

Company Name & Address

LOPEZ DIAMOND CO. LTD.

FLAT D, 5/F, VICTORIA MANSION, 6-14A GORDON ROAD, NORTH POINT, HONG KONG (AS REGISTERED)

TEL : NOT REGISTERED

FAX : NOT REGISTERED

Narrative report

This refers to a type of report whose format is different from that of a standard report. Such type of report is provided when:

l Information obtained is insufficient for compiling a standard report.

l The enquired co has been out of business or its business address has been untraceable.

It should be noted that the time and manpower spent on preparing such type of report might be greater than those on a standard report. On many occasions, the information in this type of report still indicates the current status of the enquired co. and serves as a useful reference to assess its credit standing.

SC is a private limited co. incorporated under co. file no. 244636 on 7-3-1989.

Details of its incorporation information are shown to be as follows:

Authorized capital: HK$10,000 divided into 10,000 shares @ HK$1.-

Paid-up capital: HK$3.-

Shareholders/subscribers (as at 7-3-2003)

Name(s), ID/passport number, nationality & registered address No. of Shares

- *Lopez Elesio O. / E221369 / Filipino 2

/ Flat A, 5/F, Golden Cedar Court, 7-8 Kai Yuen Terrace,

North Point, HK.

- *Sia Kwok Ka Charles / D524967(9) / Chinese 1

/ -- ditto -- ---

Directors(as at 7-3-2003)

Name(s), ID/passport number & nationality Registered address

*Also directors

- Lu Alberto Y. Same as the abovesaid directors

/ G316811 / Filipino

The above information is based on SC's registration documents filed in Companies Registry in the year(s) 2003 while that of the current year is not available.

Current search reveals certain material change or amendment of SC has been recorded within the last 2 years & noted as follows:

Change in business address: SC moved to the heading business address from

Flat A, 5/F, Golden Cedar Court, 7-8 Kai Yuen Terrace, North Point, HK (your given address) in 18-10-2006.

This section will contain the civil litigations & winding-up petitions filed against SC for the last 6 years (as stored in our database), and the mortgage/charge filed by SC for the last 2 years. In Hong Kong, creation of such mortgage/charges by an unlimited co is not required to be registered in the public records.

Civil litigation/winding-up petitions: None in our database.

Mortgage/charge record(s): None filed since its incorporation date.

Sia Kwok Ka Charles, director.

Credit history check : This refers to a check of our database whether the said person has been involved in any of the following records stored by us within the last 6 years:

Civil litigation as defendants : None in our database

Bankruptcy/winding-up petitions : None in our database

Delinquent payment records : None in our database

Debt collection records : No overdue amount owed by the said person was placed to us for collection

Lopez Elesio O, director.

Credit history check : This refers to a check of our database whether the said person has been involved in any of the following records stored by us within the last 6 years:

Civil litigation as defendants : None in our database

Bankruptcy/winding-up petitions : None in our database

Delinquent payment records : None in our database

Debt collection records : No overdue amount owed by the said person was placed to us for collection

Detailed information regarding its activities is not available.

Property ownership : Current land search indicates that the ownership details of the heading business address is as follows:

- Owners(s) : Chan Sau Shuet

- Date of purchase & amount : 29-5-1970 / HK$28,200

- Date of mortgage & secured amount : NA

- Mortgagee : NA

SC is not known to have any subsidiary at present.

On 14-2-2007, a visit to the premises at the heading business address by our field reporter revealed the following:

The address is a residential premises outside of which SC's name was seen on display.

The gross area of the premises is estimated at 500 square feet.

Condition inside the premises during our visit: Inactive

Office/factory outlay: Standard

Our reporter found that the premises is occupied as residence by an unidentified female. An occupant there advised that no such co as SC has been operating there.

It is not ascertained whether SC is still in operation.

Our current inquiry reveals that no such name as SC is registered as a current user of local fixed line telephone companies.

Despite having exhausted all our effort, we are unable to obtain sufficient information to assess SC's credit standing.

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	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.	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
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

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