MIRA INFORM REPORT

Report Date :

22.02.2011

IDENTIFICATION DETAILS

Name :	SIDHHI CREATION (H.K.) LTD.
Registered Office :	Room 4, 4/F., Prat Mansion, 26-36 Prat Avenue, Tsimshatsui, Kowloon
Country :	Hong Kong
Date of Incorporation :	21.07.2008
Com. Reg. No.:	39576393
Legal Form :	Private Limited Company.
Line of Business :	Importer, Exporter and Wholesaler all kinds of Diamonds and Jewellery Products

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 :	Moderate
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

SIDHHI CREATION (H.K.) LTD.

Company ADDRESS

Room 4, 4/F., Prat Mansion, 26-36 Prat Avenue, Tsimshatsui, Kowloon, Hong Kong.

PHONE: 2994 2244

FAX: 2368 0779, 2748 7997

E-MAIL: sidhhicreation@netvigator.com

zaveridhiren@hotmail.com

MANAGEMENT

Managing Director: Mr. Dhirenkumar Narendra Zaveri (Mobile: 9273 7997)

SUMMARY

Incorporated on : 21st July, 2008.

Organization Private Limited Company.

Capital :Nominal: HK$10,000.00

Issued: HK$10,000.00

Business Category :Diamond Trader.

Employees : 2.

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

Banking Relation : Satisfactory.

Company ADDRESS

Room 4, 4/F., Prat Mansion, 26-36 Prat Avenue, Tsimshatsui, Kowloon, Hong Kong.

China Office:- A. B. Exports China International

Room B1405, Dongzhou Building, 77 Guangli Road, Tianhe District, Guangzhou, Guangdong Province, China.

[Tel: 86-20-3783 4555; Fax: 86-20-8558 3867]

BUSINESS REGISTRATION NUMBER

39576393

COMPANY FILE NUMBER

1258297

MANAGEMENT

Managing Director: Mr. Dhirenkumar Narendra Zaveri

CAPITAL

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

Issued Share Capital: HK$10,000.00

SHAREHOLDER

(As per registry dated 21-07-2010)

Name	No. of shares
Dhirenkumar Narendra ZAVERI	10,000 =====

DIRECTOR

(As per registry dated 21-07-2010)

Name (Nationality)	Address
Dhirenkumar Narendra ZAVERI	Room 2, 13/F., Kiu Fung Mansion, 18 Austin Avenue, Tsimshatsui, Kowloon, Hong Kong.

SECRETARY

(As per registry dated 21-07-2010)

Name	Address	Co. No.
CBS Pacific Ltd.	8A, Kam Chung Commercial Building, 19-21 Hennessy Road, Wanchai, Hong Kong.	582043

HISTORY

The subject was incorporated on 21st July, 2008 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 : Importer, Exporter and Wholesaler.

Lines : All kinds of diamonds and jewellery products, emerald, precious stones, etc.

Employees : 2.

Commodities Imported : India, other Asian countries, Europe, etc.

Markets : India, other Asian countries, etc.

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

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

FINANCIAL INFORMATION

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

Issued Share Capital : HK$10,000.00

Profit or Loss : Kept a balance account in 2010.

Condition : Business is improving.

Facilities : Adequate for current running.

Payment : Met obligations on time.

Commercial Morality : Satisfactory.

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

Standing: Small.

GENERAL

Having issued 10,000 ordinary shares of HK$1.00 each, Sidhhi Creation (H.K.) Ltd. is wholly owned by Mr. Dhirenkumar Narendra Zaveri. Being the only director of the subject, he is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently. Zaveri can be reached at his mobile phone number 852-9273 7997.

The subject’s registered address located at Room 4, 4/F., Block B, Prat Mansion, 26-36 Prat Avenue, Tsimshatsui, Kowloon, Hong Kong is in a private building.

The subject is a diamond and gemstone importer, exporter and wholesaler. It is trading in emerald, loose diamond, ruby, sapphire, other gem stones, etc. Commodities are chiefly imported from India, Belgium, etc. Its diamonds range from 1 p+ to 1 ct size. Its products are marketed in Hong Kong, exported to Japan, other Asian countries, Europe, the Middle East, etc.

The subject has set up an office in Guangzhou bearing the same name as the subject [China Sidhhi]. China Sidhhi is responsible for sourcing finished products or administering its affiliated factory in Guangzhou, Guangdong Province, China. China Sidhhi just has one or two employees.

China Sidhhi has had an affiliated company A. B. Exports China International located at its operating address in China. Business of this firm is handled by Mr. Nawab who is also an Indian. A. B. Exports China International is also a diamond trader.

In order to penetrate the international market further, the subject has taken part in fairs and exhibitions held in Hong Kong and other foreign large cities. The latest exhibition taken part by the subject was Hong Kong International Jewellery Show 2010 which had been held between 5th to 9th March, 2010. It will take part in Hong Kong International Jewellery Show which will be held during the period of 4th to 8th March, 2011 in Hong Kong.

Chiefly handled by Mr. Dhirenkumar Narendra Zaveri himself, the subject’s business is improving.

As the history of the subject in Hong Kong is just over two years and seven months, on the whole, consider it good for normal business engagements on secured basis for the time being.

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
----	NB	New Company	----

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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