MIRA INFORM REPORT

Report Date :

12.04.2011

IDENTIFICATION DETAILS

Name :	NOBLE GREAT LTD.
Registered Office :	Unit E1, Flat 16, 3/F., Phase 1, Hang Fung Industrial Building, 2G Hok Yuen Street, Hunghom, Kowloon
Country :	Hong Kong
Date of Incorporation :	28.01.2010
Com. Reg. No.:	51763823
Legal Form :	Private Limited Company
Line of Business :	Importer, Exporter and Wholesaler of all kinds of diamonds and jewellery product

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 :	Small Company
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

NOBLE GREAT LTD.

Company ADDRESS

Unit E1, Flat 16, 3/F., Phase 1, Hang Fung Industrial Building, 2G Hok Yuen Street, Hunghom, Kowloon, Hong Kong.

PHONE: Not available

FAX: Not available

MANAGEMENT

Managing Director: Mr. Kalpesh Babubhai Mangukiya

SUMMARY

Incorporated on: 28th January, 2010.

Organization: Private Limited Company.

Capital: Nominal: HK$10,000.00

Issued: HK$10,000.00

Business Category: Diamond Trader.

Employees: 2.

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

Banking Relation: Satisfactory.

Company ADDRESS

Registered Head Office:-

Unit E1, Flat 16, 3/F., Phase 1, Hang Fung Industrial Building, 2G Hok Yuen Street, Hunghom, Kowloon, Hong Kong.

BUSINESS REGISTRATION NUMBER

51763823

COMPANY FILE NUMBER

1416720

MANAGEMENT

Managing Director: Mr. Kalpesh Babubhai Mangukiya

CAPITAL

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

Issued Share Capital: HK$10,000.00

SHAREHOLDER

(As per registry dated 28-01-2011)

Name	No. of shares
Alpeshkumar Khimjibhai ITALIA	10,000 =====

DIRECTOR

(As per registry dated 28-01-2011)

Name (Nationality)	Address
Kalpesh Babubhai MANGUKIYA	Flat No. 602, 6/F., Dhavalgiri Building, Papnaswadi, A.K. Marg, Nanachowk, Grant Road, Mumbai-7, India.

SECRETARY

(As per registry dated 28-01-2011)

Name	Address	Co. No.
Lodestar Secretaries Ltd.	13/F., Wah Kit Commercial Cenetre, 302 Des Voeux Road Centeral, Hong Kong.	0113023

HISTORY

The subject was incorporated on 28th January, 2010 as a private limited liability company under the Hong Kong Companies Ordinance.

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

OPERATIONS

Activities: Importer, Exporter and Wholesaler.

Lines: All kinds of diamonds and jewellery products.

Employees: 2.

Commodities Imported: India, other Asian countries, etc.

Markets: Hong Kong, Japan, other Asian countries, etc.

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

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

FINANCIAL INFORMATION

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

Issued Share Capital: HK$10,000.00

Profit or Loss: Too early to offer an opinion.

Condition: Business is under development.

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

Noble Great Ltd. is wholly-owned by Mr. Alpeshkumar Khimjibhai Italia who is an Indian. The director of the subject Mr. Kalpesh Babubhai Mangukiya is also an Indian. Mangukiya is an India passport holder and does not have the right to reside in Hong Kong permanently. However, Italia is residing in Hong Kong.

The subject’s registered address is located at a business centre. Its telephone number and fax number have not registered with local telephone company nor listed on telephone directories.

The subject is a diamond importer, exporter and wholesaler. It is trading in loose diamonds. It is trading in single-cut diamond, fullcut loose diamond, carat size diamonds, blue sapphire, etc. Most of the commodities are imported from India, other Asian countries and Europe. Prime markets are Hong Kong, Japan, India and the other Asian countries.

The subject’s business is chiefly handled by Italia himself. History in Hong Kong is just over a year and two months.

On the whole, since the history of the subject is short, consider it good for normal 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%)

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.