MIRA INFORM REPORT

Report Date :

15.04.2011

IDENTIFICATION DETAILS

Name :	VIVI JEWELRY

Registered Office :	Flat D, 11/F., Tower 12A, Costa Del Sol (Phase IIB), Laguna Verde, 8 Laguna Verde Avenue, Hunghom, Kowloon

Country :	Hong Kong

Date of Incorporation :	01.11.1997

Com. Reg. No.:	21337339-000-11

Legal Form :	Sole Proprietorship

Line of Business :	Importer, Exporter and Wholesaler of all kinds of diamonds, gems and jewellery.

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	Usually Correct

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

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

Company name

VIVI JEWELRY

Company ADDRESS

Flat D, 11/F., Tower 12A, Costa Del Sol (Phase IIB), Laguna Verde, 8 Laguna Verde Avenue, Hunghom, Kowloon, Hong Kong.

PHONE: 3741 1158, 2377 9622

FAX: 2311 7527

E-MAIL: vivijewhk@yahoo.com.hk

MANAGEMENT

Manager: Mr. Pankajkumar Vitthalbhai Khunt

SUMMARY

Establishment: 1st November, 1997.

Organization: Sole Proprietorship.

Capital: Not disclosed.

Business Category: Diamond and Gem Trader.

Employees: Nil.

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

Banking Relation: Satisfactory.

Company ADDRESS

Head Office:-

Flat D, 11/F., Tower 12A, Costa Del Sol (Phase IIB), Laguna Verde, 8 Laguna Verde Avenue, Hunghom, Kowloon, Hong Kong.

BUSINESS REGISTRATION NUMBER

21337339-000-11

MANAGEMENT

Manager: Mr. Pankajkumar Vitthalbhai Khunt

SOLE PROPRIETOR

Name: Mr. Pankajkumar Vitthalbhai KHUNT

Residential Address: Flat C, 11/F., Crystal Court, 6 Man Wan Road, Waterloo Hill, Kowloon, Hong Kong.

HISTORY

The subject was established on 1st November, 1997 as a sole proprietorship concern owned by Mr. Pankajkumar Vitthalbhai Khunt under the Hong Kong Business Registration Regulations.

At the very beginning, the subject was located at Room 1505, 15/F., Tung Shun Hing Commercial Centre, 20-22 Granville Road, Tsimshatsui, Kowloon, Hong Kong, moved to Room 1503, 15/F. of the same building in October 2000; to Unit 01-02, 10/F., Tower 2, Harbour Centre, 8 Hok Cheung Street, Hunghom, Kowloon, Hong Kong in November 2005; and further to the present address in December of the same year.

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, gems and jewellery.

Employees: Nil.

Commodities Imported: Belgium, India, Israel, USA, etc.

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

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

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

MEMBERSHIP

Hong Kong Jewellery & Jade Manufacturers Association, Hong Kong.

FINANCIAL INFORMATION

Capital: Not disclosed.

Profit or Loss: Traded at a profitable angle.

Condition: Keeping in an active and steady condition.

Facilities: Making active use of general banking facilities.

Payment: Met trade commitments as contracted.

Commercial Morality: Satisfactory.

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

Standing: Small.

GENERAL

Vivi Jewelry is a sole proprietorship set up and owned by Mr. Pankajkumar Vitthalbhai Khunt who is an Indian. He is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.

The subject’s registered address is located at Flat D, 11/F., Tower 12A, Costa Del Sol (Phase IIB), Laguna Verde, 8 Laguna Verde Avenue, Hunghom, Kowloon, Hong Kong. This office is not in a commercial building but a residential building. It is likely that Khunt has moved to this new address but does not make any amendments on the subject’s registration materials. It seems that the subject’s operating address is also Khunt’s residential address. The residential building is not trespassed by outsiders.

The subject is a diamond importer, exporter and wholesaler. It is engaged in manufacturing loose diamonds like marquise, pears, tappers, buggets and rose cut diamonds range from 0.05 cts to 0.60 cts. It is also carrying 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’s business is chiefly handled by Khunt himself. History in Hong Kong is over thirteen years and five months. Regular suppliers in India and a number of overseas customers have been maintained.

On the whole, since the registered office of the subject is in a residential building, consider it good for normal business engagements in small credit amounts.

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

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