MIRA INFORM REPORT

Report Date :

22.02.2011

IDENTIFICATION DETAILS

Name :	DIA IMPEX

Registered Office :	Unit 12A, 7/F., Fu Hang Industrial Building, 1 Hok Yuen Street East, Hunghom, Kowloon

Country :	Hong Kong

Date of Incorporation :	08.07.1991

Com. Reg. No.:	14680171-000-07

Legal Form :	Sole Proprietorship

Line of Business :	Importer, Exporter and Wholesaler of all kinds of diamonds and jewellery products, jade, etc.

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 :	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 – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

Hong Kong

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

company name

DIA IMPEX

Company ADDRESS

Unit 12A, 7/F., Fu Hang Industrial Building, 1 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong.

PHONE: 3153 4404

FAX: 3547 6567

E-MAIL: diaimpex@hknet.com.

MANAGEMENT

Manager: Mr. Pankaj Chandrakumar Jhaveri

SUMMARY

Establishment: 8th July, 1991.

Organization: Sole Proprietorship.

Capital: Not disclosed.

Business Category: Diamond Trader.

Annual Turnover: HK$55~60 million.

Employees: 2.

Main Dealing Banker: Hang Seng Bank Ltd., Hong Kong.

Banking Relation: Satisfactory.

company ADDRESs

Head Office:-

Unit 12A, 7/F., Fu Hang Industrial Building, 1 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong.

BUSINESS REGISTRATION NUMBER

14680171-000-07

MANAGEMENT

Manager: Mr. Pankaj Chandrakumar Jhaveri

SOLE PROPRIETOR

Name: Mr. Pankaj Chandrakumar JHAVERI

Residential Address: Flat E, 14/F., Hanley House, 68-80 Canton Road, Tsimshatsui, Kowloon, Hong Kong.

HISTORY

The subject was established on 8th July, 1991 as a sole proprietorship concern owned by Mr. Pankaj Chandrakumar Jhaveri under the Hong Kong Business Registration Regulations.

Initially the subject was located at Room 604, 6/F., Dragon Seed Building, 39 Queen’s Road Central, Hong Kong, moved to Room 1505, 15/F., World Wide House, 19 Des Voeux Road Central, Hong Kong in March 1992; to Flat A, 12/F., Yiu Point House, 12 Knutsford Terrace, Tsimshatsui, Kowloon, Hong Kong in December 1992; to Flat A1, 13/F., Burlington House, 90‑94C Nathan Road, Tsimshatsui, Kowloon, Hong Kong in June 1999; to Flat A, 17/F., Block 6, Parc Palais, 18 Wylie Road, King’s Park, Kowloon, Hong Kong in October 2004; and further moved to the present address in July 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, jade, etc.

Employees: 2.

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

Markets: Japan, Thailand, Taiwan, Middle East, Southeast Asia, North America, etc.

Annual Turnover: HK$55~60 million.

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

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

FINANCIAL INFORMATION

Capital: Not disclosed.

Profit or Loss: Making a small profit every year.

Condition: Keeping in a satisfactory manner.

Facilities: Making active use of general banking facilities.

Payment: Met trade commitments as required.

Commercial Morality: Satisfactory.

Banker: Hang Seng Bank Ltd., Hong Kong.

Standing: Small.

GENERAL

Dia Impex is a sole proprietorship set up and owned by Mr. Pankaj Chandrakumar Jhaveri 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 is inside the operating office of Winger Enterprises Ltd. [Winger] which is located at Room 712, 7/F., Fu Hang Industrial Building, 1 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong. Winger is also a diamond trader.

Business commenced in July 1991, the subject is a diamond and jade trader. It is trading in loose diamonds and other diamonds imported from the United States, Belgium, Thailand and India. Size of diamonds supplied ranges from melee size to 0.30 point. Prime markets are Japan, Thailand, Taiwan, the Middle East, Southeast Asia, North America, etc. The subject operates from its own premises.

According to The Land Registry of Hong Kong, the premises located at Room 712, 7/F., Fu Hang Industrial Building, 1 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong is owned by Pankaj Chandrakumar Jhaveri and Jesal Pankaj Jhaveri (joint tenants). They bought these premises on 14th July, 2008 with a consideration of HK$5,000,600. Since 14th July, 2008, the property has been mortgaged to China Construction Bank (Asia) Corporation Ltd. together with an assignment of rentals for acquiring banking facilities.

The contact person of Dia Impex is Pankaj Chandrakumar Jhaveri.

Overall business is active. Annual sales turnover ranges from HK$55 to 60 million. Making a small profit every year.

The history of the subject in Hong Kong is over nineteen years and seven months.

On the whole, consider the subject good for normal business engagements.

COURT CASES: None per our.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.11
UK Pound	1	Rs.73.25
Euro	1	Rs.61.70

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.