MIRA INFORM REPORT

Report Date :

22.02.2011

IDENTIFICATION DETAILS

Name :	GREAT DIAM (HK) LTD.
Registered Office :	Room 1306, 13/F., Hart Avenue Plaza, 5-9 Hart Avenue, Tsimshatsui, Kowloon
Country :	Hong Kong
Date of Incorporation :	07.06.2006
Com. Reg. No.:	36840731
Legal Form :	Private Limited Company.
Line of Business :	Supplier, Importer and Exporter of Diamond, jewellery, 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 :	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	a2	a2

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

Company name

GREAT DIAM (HK) LTD.

COMPANY ADDRESS

Room 1306, 13/F., Hart Avenue Plaza, 5-9 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.

PHONE: 2724 0870

FAX: 2724 0871

E-MAIL: greatdiamhk@hotmail.com

MANAGEMENT

Managing Director: Mr. Bhavesh Parshottambhai Moradiya

SUMMARY

Incorporated on: 7th June, 2006.

Organization: Private Limited Company.

Capital: Nominal: HK$2,350,000.00

Issued: HK$2,350,000.00

Business Category: Diamond Trader.

Employees: 5.

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

Banking Relation: Satisfactory.

Company ADDRESS

Registered Head Office:-

Room 1306, 13/F., Hart Avenue Plaza, 5-9 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.

Affiliated Companies:-

Great Diam Co. Ltd., Thailand.

Kuyumcu Ticaret Ve Sanayi A.S., Turkey.

Param Exports, India.

BUSINESS REGISTRATION NUMBER

36840731

COMPANY FILE NUMBER

1050350

MANAGEMENT

Managing Director: Mr. Bhavesh Parshottambhai Moradiya

CAPITAL

Nominal Share Capital: HK$2,350,000.00 (Divided into 2,350,000 shares of HK$1.00 each)

Issued Share Capital: HK$2,350,000.00

SHAREHOLDER

(As per registry dated 07-06-2010)

Name	No. of shares
Bhavesh Parshottambhai MORADIYA	2,350,000 =======

DIRECTOR

(As per registry dated 07-06-2010)

Name (Nationality)	Address
Bhavesh Parshottambhai MORADIYA	Vihar Flat Block No. 03, Vijayraj Nagar Bhavnagar, 364002 Gujarat, India.

SECRETARY

(As per registry dated 07-06-2010)

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

HISTORY

The subject was incorporated on 7th June, 2006 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: Supplier, Importer and Exporter.

Lines: Diamond, jewellery, etc.

Employees: 5.

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

Markets: Japan, Southeast Asia, Europe, Middle East, etc.

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

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

FINANCIAL INFORMATION

Nominal Share Capital: HK$2,350,000.00 (Divided into 2,350,000 shares of HK$1.00 each)

Issued Share Capital: HK$2,350,000.00

Alternation of Capital:-

07-06-2006	paid up	HK$ 1.00
11-09-2008	paid up	HK$ 2,349,999.00
		–––––––––––––––
Total:	paid up	HK$ 2,350,000.00 ==============

Increase of Nominal Capital:-

From

HK$10,000.00

to

HK$2,350,000.00

on

11-09-2008

Profit or Loss: Making a small profit.

Condition: Keeping in a normal manner.

Facilities: Making 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: Moderate.

GENERAL

Great Diam (HK) Ltd. is wholly-owned by Mr. Bhavesh Parshottambhai Moradiya who is an Indian residing in Gujarat, India. Now, Moradiya is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.

The predecessor of the subject was a Hong Kong based company established in 1995.

Great Diam is a family-run business that is known for over a decade in the international diamond and jewellery industry. It is run by the Moradiya family.

The subject is the supplier, importer and exporter of versatile range of diamonds in a wide variety like rose cut diamonds, rose cut heart, rose cut round, rose cut pears, rose cut oval, rose cut marquise, fancy cut and fancy colour diamonds, briollets beads, old mine cut diamonds, round brilliant cut diamonds, marquise, pears, oval, heart, radiant shape, cushion shape, and emeralad. It is specialized in guiding its customers in selecting the best cut diamonds for diamond rings, diamond pendants, diamond earrings or jewellery in customized designs. The subject also has wide variety in certificate diamonds being certified from genuine institute like GIA and IGI.

The subject imports commodities its main supplying units at India and exports the same in various world markets like the United States, Australia, the United Kingdom, Antwerp, Lebanon, Turkey, Japan, etc. Besides, the subject has got affiliated companies in Bangkok, Antwerp, India, and Istanbul of Turkey. It business is chiefly handled by Moradiya himself.

The subject is fully supported by its affiliated firms and the Moradiya family.

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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