MIRA INFORM REPORT

Report Date :

06.12.2008

IDENTIFICATION DETAILS

Name :	VK DIMON (HK) LTD
Registered Office :	RM 707, 7FL FU Hang Industrial Bldg 1 Hok Yuen St East Hunghom Kowloon
Country :	Hong Kong
Date of Incorporation :	19.09.2007
Com. Reg. No.:	1168721
Legal Form :	Private Limited Company
Line of Business :	Trading Precious Metals and Stones, Jewelry and Watches.

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	New and Small Company
Payment Behaviour :	No Complaints
Litigation :	Clear

name & address

VK DIMON (HK) LTD

RM 707, 7FL FU HANG INDUSTRIAL BLDG 1 HOK YUEN ST

EAST HUNGHOM KOWLOON, HONG KONG.

TEL: 852-27230097 FAX: 852- 27230096

EXECUTIVE SUMMARY

INCORPORATION DATE : SEPTEMBER 19, 2007

REGISTRATION NO. : 1168721

LEGAL FORM : PRIVATE

CHIEF EXECUTIVE : MR. DHARMENDRA SAHADEV SHEDGE (CHAIRMAN)

STAFF STRENGTH : 3

CAPITAL : US$ 1,284

BUSINESS LINE : TRADER

TURNOVER : N/A (AS OF DEC. 31, 2006)

EQUITIES : N/A (AS OF DEC. 31, 2006)

PAYMENT : BELOW AVERAGE

RECOMM. CREDIT RANGE : C.O.D TO SMALL AMOUNT

MARKET CONDITION : AVERAGE

FINANCIAL CONDITION : N/A

OPERATIONAL TREND : FAIRLY STEADY

GENERAL REPUTATION : AVERAGE

EXCHANGE RATE : HKD 7.80634 = US$1

Adopted abbreviations:

ANS - amount not stated

NS - not stated

SC - subject company (the company inquired by you)

NA - not available

M - million

HKD –Hong Kong Dollars

*Company Registration*

===================

(1)

License number : 1168721

Date issued : 19 September, 2007

Issuing authority : Companies Registry

Type of license : Corporate

(2)

License number : 38431827-000

Date issued : N/A

Issuing authority : Business Registration Office - Inland Revenue Dept

Type of license : Business

*Capital Details*

=============

Authorized capital : HKD 10,000.00 divided into 10,000 shares at HKD 1.00/-each, fully paid

*Approved Signatures*

===================

Only Mr. Dharmendra Sahadev Shedge can sign on behalf of the company with seal affixed.

SC is not known to host website of its own at present.

E-mail: ogc@omgem.com.hk

For the past two years there is no record of litigation.

*Major Shareholders*

===================

Total number of shareholders: 1

Total number of shares: 10,000

Shareholders Country Number Amount (HKD) %

Mr. Dharmendra Sahadev Shedge India 10,000.00 10,000.00 100.00

*Company Secretary*

=================

ALTO PROFITTO SECRETARIAL LTD

CR no. : 741913

Address : Rm C 16Fl Skyline Tower 18 Tong Mei Rd Mongkok Kowloon

*COMPANY DIRECTORS*

====================

1

Name : Mr. Dharmendra Sahadev Shedge

Nationality : India

ID/Passport No. : G1905899

Registered Address : Rm 707, 7Fl Fu Hang Industrial Bldg 1 Hok Yuen St East, Hunghom, Kowloon

Country of Residence : Hong Kong

Date of Appointment : 19 Sep, 2007

*Main Products & Services*

======================

Specializes in trading precious metals & stones, jewelry and watches.

Products: Jewelry

Precious metals

Precious stones

Watches

*Payment Terms*

==============

Sales

-------

Local : Cash or Credit

Purchases

--------------

Local : Cash or Credit

*Local Distribution Network*

=======================

100% of the annual turnover is attributed to local sales.

*International Trade Activity*

=======================

There are no of import and export since the prime focus of the firm's activity is concentrated on the local sales and purchases only.

SC is not known to have any subsidiary at present.

PAYMENT RATING : 5 OBTAINED SCORES : 33

Rating Key	Implication	Implications
1	Scores 85–100	Excellent
2	Scores 75 – 84	Above Average
3	Scores 50 – 74	Average
4	Scores 35 – 49	Fair
5	Scores 15 – 34	Below Average
6	Scores 01 – 14	Poor
NR	No Data	No Data

The rating indicates the payment pattern of SC based upon our Payment Database, comments from suppliers of SC, information from banks (if available), as well as industrial sources.

As a private limited company there is no legal requirement according to local corporate law for public disclosure of detailed financials.

Additionally as the company was only established 9 (months) ago no financials have been lodged.

SC was established in 2007, and its credit has not been established yet. Credit dealings with SC should be confined into COD to small amount at present.

Attached: trade references

SIC PRODUCT CLASSIFICATION & ACTIVITY

Activity Code Product/Service Description

Trading 3873 Watches, clocks, clockwork operated devices, and parts,

Trading 3911 Jewelry, of precious metal

Trading 3915 Jeweler's findings and materials, and lapidary work

Trading 5094 Jewelry/Watches/Precious Mtl

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Activity Code Product/Service Description

Trading 7100 Pearls, stones, prec. metals, imitation jewelry, coins

Trading 7103 Precious & semiprec stones, not strung etc

Trading 7113 Articles of jewelry & parts, of precious metal or clad

Trading 7113205000 Jewelry of base metal clad with precious metal

Trading 7116201000 Jewelry of precious or semiprecious stones

Trading 7116205000 Articles of precious or semiprecious or synthetic stones

Trading 9100 Clocks & watches & parts thereof

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.69
UK Pound	1	Rs.72.96
Euro	1	Rs.63.46

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.	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