MIRA INFORM REPORT

Report Date :

12.04.2011

IDENTIFICATION DETAILS

Name :	DIYA GEMS
Registered Office :	c/o Chan Man Lee & Co., Room 2803, 28/F., China Resources Building, 26 Harbour Road, Wanchai
Country :	Hong Kong
Date of Incorporation :	11.04.2006
Com. Reg. No.:	36635124-000-04
Legal Form :	Sole Proprietorship
Line of Business :	Importer, Exporter and Wholesaler of all kinds of gems.

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Regular
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 – December 31, 2010

Country Name	Previous Rating (30.09.2010)	Current Rating (31.12.2010)
Hong Kong	a2	a2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name

DIYA GEMS

company ADDRESS

c/o Chan Man Lee & Co.

Room 1401, 14/F., Yue Xiu Building, 160-174 Lockhart Road, Wanchai, Hong Kong.

PHONE: 2366 2411

MANAGEMENT

Manager: Mr. Manishkumar Jashvantbhai Prajapati

SUMMARY

Establishment: 11th April, 2006.

Organization: Sole Proprietorship.

Capital: Not disclosed.

Business Category: Gem Trader.

Employees: Nil.

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

Banking Relation: Satisfactory.

company ADDRESS

Registered Office:-

c/o Chan Man Lee & Co.

Room 2803, 28/F., China Resources Building, 26 Harbour Road, Wanchai, Hong Kong.

Head Office:-

c/o Chan Man Lee & Co.

Room 1401, 14/F., Yue Xiu Building, 160-174 Lockhart Road, Wanchai, Hong Kong.

BUSINESS REGISTRATION NUMBER

36635124-000-04

MANAGEMENT

Manager: Mr. Manishkumar Jashvantbhai Prajapati

SOLE PROPRIETOR

Name: Mr. Manishkumar Jashvantbhai PRAJAPATI

Residential Address: 301, Shampoom Garden, Soi-14 Sathon, Bangkok, Thailand.

HISTORY

The subject was established on 11th April, 2006 as a sole proprietorship concern owned by Mr. Manishkumar Jashvantbhai Prajapati under the Hong Kong Business Registration Regulations.

Originally the subject was registered under the name of X Company, name changed to the present style on 12th April, 2006.

Initially the subject’s registered address was located at Room 1108, 11/F., Hunghom Commercial Centre, Tower A, 39 Ma Tau Wai Road, Hunghom, Kowloon, Hong Kong, moved to Room 2803, 28/F., China Resources Building, 26 Harbour Road, Wanchai, Hong Kong in June 2007.

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

OPERATIONS

Activities: Importer, Exporter and Wholesaler.

Lines: All kinds of gems.

Employees: Nil.

Commodities Imported: India, Thailand, Sri-Lanka, etc.

Markets: Hong Kong, Japan, Southeast Asia, Europe, Middle East, etc.

Terms/Sales: L/C, T/T, etc.

Terms/Buying: L/C, T/T, D/P, etc.

FINANCIAL INFORMATION

Capital: Not disclosed.

Profit or Loss: Keeping a balance account.

Condition: Business is not very active.

Facilities: Making fairly active use of general banking facilities.

Payment: Met trade commitments as required.

Commercial Morality: Satisfactory.

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

Standing: Small.

GENERAL

Diya Gems is a sole proprietorship set up and owned by Mr. Manishkumar Jashvantbhai Prajapati who is an Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently.

The subject does not have its own operating office. Its office is in an accountant firm located at Room 1401, 14/F., Yue Xiu Building, 160‑174 Lockhart Road, Wanchai, Hong Kong known as Chan Man Lee & Co. which is handling its correspondences and documents.

Formerly, the accountant firm was located at Room 2803, 28/F., China Resources Building, 26 Harbour Road, Wanchai, Hong Kong which is your given address. It is likely that the subject has not updated its registration materials with the Hong Kong Government.

The subject has no employees in Hong Kong.

The subject is trading in the following semi-precious stones: aquamarine, pink amethyst, rubylite, green amethyst, blue topaz, lemon topaz, citrine, smokey topaz, kunzite, peridot, morganite, pink tourmalines, amethyst, pink topaz, garnet, rose quartz, etc.

The subject is carrying the following precious stones:-

· Ruby (from Burma, Thailand)

· Sapphire (from Sri-Lanka)

· Emeralds (from Africa)

· Fancy Sapphire

Prime markets are Hong Kong, Japan, the other Asian countries, the Middle East, etc.

Business handled by Prajapati himself, the subject is just a one-man company. History in Hong Kong is over four and a half years.

Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on secured basis.

COURT CASES: None per our.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.22
UK Pound	1	Rs.72.26
Euro	1	Rs.63.90

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

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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