MIRA INFORM REPORT

Report Date :

15.04.2011

IDENTIFICATION DETAILS

Name :	WORLD DIAMOND LTD.
Registered Office :	Flat D, 14/F., Winston Mansion, 121-123 Chatham Road South, Tsimshatsui, Kowloon,
Country :	Hong Kong
Date of Incorporation :	07.12.2009
Com. Reg. No.:	51553800
Legal Form :	Private Limited Company.
Line of Business :	Importer, Exporter and Wholesaler of all Kinds of Diamonds and Jewellery Products, Etc.

RATING & COMMENTS

MIRA’s Rating :

Ba

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	A2	A2

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

Company name

WORLD DIAMOND LTD.

Company ADDRESS

Flat D, 14/F., Winston Mansion, 121-123 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong.

PHONE: Not available

FAX: Not available

Note:

Your given address “20/F., Champion Building, 287-291 Des Voeux Road Central, Sheung Wan, Hong Kong” is the operating address of the subject’s commercial service provider Akin Professionals Ltd.

MANAGEMENT

Managing Director: Mr. Shelendra Bunt

SUMMARY

Incorporated on : 7th December, 2009.

Organization : Private Limited Company.

Capita l: Nominal: HK$10,000.00

Issued : HK$1.00

Business Category : Diamond Trader.

Employees : Nil.

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

Banking Relation : Satisfactory.

Company ADDRESS

Registered Head Office:-

Flat D, 14/F., Winston Mansion, 121-123 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong.

BUSINESS REGISTRATION NUMBER

51553800

COMPANY FILE NUMBER

1398924

MANAGEMENT

Managing Director: Mr. Shelendra Bunt

CAPITAL

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

Issued Share Capital: HK$1.00

SHAREHOLDER

(As per registry dated 07-12-2010)

Name	No. of share
Shelendra BUNT	1 =

DIRECTOR

(As per registry dated 07-12-2010)

Name (Nationality)	Address
Shelendra BUNT	3 Munimcolony Krishimandi Road, Bijainagar, Distt Ajmer 305624, India.

SECRETARY

(As per registry dated 07-12-2010)

Name	Address	Co. No.
Akin Professionals Ltd.	20/F., Champion Building, 287-291 Des Voeux Road Central, Sheung Wan, Hong Kong.	1273165

HISTORY

The subject was incorporated on 7th December, 2009 as a private limited liability company under the Hong Kong Companies Ordinance.

Last time, the subject was located at Unit H, 9/F., Windsor Mansion, 29‑31 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong, moved to the present address with effect from 15th December, 2010.

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, etc.

Employees : Nil.

Commodities Imported : India, Belgium, other European countries, etc.

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

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

Terms/Buying : L/C, pre-payment, etc.

FINANCIAL INFORMATION

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

Issued Share Capital : HK$1.00

Profit or Loss : Suffering from a small loss in 2010.

Condition : Business is under development.

Facilities : Trying to make use of general banking facilities.

Payment : Met trade commitments as required.

Commercial Morality : Fairly satisfactory.

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

Standing : Small.

GENERAL

World Diamond Ltd. is wholly-owned by Mr. Shelendra Bunt who is in Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently. The subject has just issued one ordinary share of HK$1.00 which is wholly-owned by Bunt.

The subject’s registered address is located at Flat D, 14/F., Winston Mansion, 121-123 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong. This office is not in a commercial building but a residential building. It is likely that Bunt 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 Bunt’s residential address when he is in Hong Kong.

The subject’s telephone number and fax number have not registered with local telephone company nor listed on telephone directories. 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. Most of the commodities are imported firm India. It has got affiliated suppliers in Mumbai, India. After processing in Hong Kong or China, finished products are marketed in Hong Kong, exported to India, Japan, Taiwan and the other Asian countries.

Business handled by Bunt himself, the subject is just a one-man company.

Since the history of the subject is just over one year and four months in Hong Kong, on the whole, 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.44.48
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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