MIRA INFORM REPORT

Report Date :

14.04.2011

IDENTIFICATION DETAILS

Name :	LINKU TRADING COMPANY
Registered Office :	Room 706, 7/F., Chevalier House, 45-51 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong.
Country :	Hong Kong
Date of Incorporation :	22.02.2008
Com. Reg. No.:	38994580-000-02
Legal Form :	Sole Proprietorship.
Line of Business :	Importer, Exporter and Wholesaler of all Kinds of Diamonds.

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

LINKU TRADING COMPANY

Company ADDRESS

Room 706, 7/F., Chevalier House, 45-51 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong.

PHONE: 2369 6123

FAX: 2375 2526

MANAGEMENT

Manager: Mr. Gregory Roy Ward

SUMMARY

Establishment : 22nd February, 2008.

Organization : Sole Proprietorship.

Capital : Not disclosed.

Business Category : Diamond Trader.

Employees : Nil.

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

Banking Relation : Satisfactory.

Company ADDRESS

Head Office:-

Room 706, 7/F., Chevalier House, 45-51 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong.

BUSINESS REGISTRATION NUMBER

38994580-000-02

MANAGEMENT

Manager: Mr. Gregory Roy Ward

SOLE PROPRIETOR

Name: Mr. Gregory Roy WARD

Residential Address:37 Upton Street, Bundak, Queensland, Australia.

HISTORY

The subject was established on 22nd February, 2008 as a sole proprietorship concern owned by Mr. Gregory Roy Ward under the Hong Kong Business Registration Regulations.

Originally the subject was registered under the name of Connect To Jewellery, name changed to the present style on 30th July, 2009.

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, etc.

Employees : Nil.

Commodities Imported : India, other Asian countries, etc.

Markets : Japan, other Asian countries, etc.

Terms/Sales : L/C or as per contracted.

Terms/Buying : L/C, 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

Linku Trading Company is a sole proprietorship set up and owned by Mr. Gregory Roy Ward who is an Australian. He is an Australia passport holder and does not have the right to reside in Hong Kong permanently. Ward is the manager of the subject which commenced business in February 2008 in Hong Kong.

The subject is using the operating address of Diavin Ltd. [Diavin] as its registered address. Diavin is located at Room 706, 7/F., Chevalier House, 45‑51 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong.

The subject has no employees in Hong Kong. All the staff in the office belong to Diavin.

The subject is a diamond importer, exporter and manufacturer. Commodities are chiefly imported from India and other Asian countries. Prime market is Australia.

Having issued 10,000 ordinary shares of HK$1.00 each, Diavin is jointly owned by Mr. Chirag Arvindkumar Shah, holding 80% interests, and Mr. Shraddha Chirag Shah, holding 20%. The two Shahs are also directors of the subject. Both of whom are Hong Kong ID Card holders and have got the right to reside in Hong Kong permanently.

Diavin is a diamond importer, exporter and wholesaler. It has got an affiliated company “Navin Gems” in India. Diavin is trading in carat size diamonds and loose diamonds. Most of the commodities are imported from India.

It is likely that the subject has got an associated company in Australia which is also operated by Ward.

It is likely that the Australia firm deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. The Australia firm also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.

The subject’s business in Hong Kong is not very active.

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.44.48
UK Pound	1	Rs.72.37
Euro	1	Rs.64.42

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
--	NB	New Business	--

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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